Well. I have been distracted for days and worked on a NOT SO FASTLANE project and hopefully to create a secondary passive income that will last for a while.
I decide to build a several local niche sites to generate recurring income.
While I was hanging out with my wife on the Cozumel beach and taking photos, I was also making passive income on one of my sites. I did not realize how much I was making until I came back and check my Google AdSense Account. Holy awesome. There are whole bunch clicks on a specific topic that generate $4 to $7 per click. And there are many clicks.
So I dig into a little bid more and realize that there are people paying $7 to generate leads which will generate $60-$300 in return. That is over 500% return.
Although, the market is crowded, there are huge space for me to tab in at local region. Especially I can do much better SEO than those guys. The key is to create the niche directories that get hit a lot. When you have traffic, you can make $ out of your Google AdSense and recurring subscription income.
So I need a good directory script. I thought about writing my own and decided not to. Time is money. Company like Groupon started with WordPress and later move on to proprietary programming. So I download and install the DirectoryPress Theme that is perfect for my current situation.
What makes this theme an awesome one is that it supports multisite WordPress installation. So I can install one theme with multiple layouts once. I can later create unlimited instances (subdomains) with just one codebase. Also, it only costs $79 for unlimited install and upgrade. Isn’t that great? You can get the DirectoryPress Theme now.
Enter the Coupon Code to Save $20.
JUNE2011
After playing with the theme for two days and made some code modification and theme customization, I have 3 directories site created already. With wildcard domain configuration on GoDaddy, I have unlimited potential.
Of course, the downside is this. The more sites I created, the more SEO work and marketing work I need to do. I will also face the chicken and egg question where is no data in the directories. So I have found someone who is interesting in promoting the niche directory and earn 30% commission out of it.
In general, you will need a good understanding about PHP programming language, so you can modify the code to do what you need. Some stuff is just not fully implemented.
Guess what is just happening? I already got one signup with the most expensive package without me doing too much.
Really. If you want to create a niche directory website and earn passive income, DirectoryPress Theme on multisite WordPress setup is what you need. I highly recommend.
If anyone of you are interested in do so and want to know how I use GoDaddy and your my shared webhosting at MidPhase to run these niche directories, I will cover that in the future post.
About Terence Chang
Wow! This sounds like something that could work out well for you. It does pay to pay attention to what is making you the most money and maximising on it. All the best in your new project and I hope it works out well for you.
@Gerri:
I hope so. The key point now is to get SEO done well. So it will pay off itself eventually. I can also have regional broker to do the foot work for me. Will see how it goes in few months.
I am curious about this strategy. How does it work exactly? I am guessing that you are building a directory of sites in the niche that you are targeting, right?
@Jeff:
Sorry to take this long to reply your comment! Yes. You simply put up the directory and start entering the listing and do your best to get some ranking. In my case, I run multiple directories on the WordPress Multisite setting. So one installation with multiple theme to use on different directories. DirectoryPress is really awesome! The new updated theme is even better now.