Category Archives: Income Generation Methods

This isn’t anything unique because I know of at least 3 people personally (including me) who are currently doing this.

But it works really well, and if it works who cares if it’s unique, has pink spots or drives a Fiat?

AND and there’s room for many more people to get in on the action too

The technique is simply this:

It involves an initial outlay of usually a few thousand dollars to buy sites that other people are selling on Flippa.com

I expect to pay between $2,000 and $4,000 for the sites that I buy.

I expect each site to bring me a residual monthly income of $500 – $1000 depending on the site and how much I paid for it

To give you an example, one site I just lost out on (was outbid and missed the end of the auction) was based in the diet niche.

It sold for around $4,000, was bringing constant monthly revenue of around $900, mostly from an existing ebook (the ebook was part of the sale), Adsense ads on the site and Clickbank ads.

It was getting over 12,000 unique visitors a month and was three years old so the traffic and monthly income was well established.

It also came with around 3,000 followers from associated Facebook, Pinterest and Twitter accounts that came with the sale.

There wasn’t a mailing list included with this particular site but I especially look for sites that DO have mailing lists because they’re very profitable for me because of my existing business set-up.

It was a good deal at 4k because if the monthly income averaged out at $900 a month as it was currently doing I would have more than doubled my investment in 12 months.

So in essence the site would then have paid for itself and I could either continue to take the monthly revenue of to flip it for a lump sum

You might wonder why someone would sell a site making $900 a month for $4,000?

Well me too I but I no longer make the mistake of trying to work out their reasons. I do my due diligence and if the site stacks I’ll buy it.

For all I know the person might have financial problems or need the money for another investment or just might be bloody bored of running the thing.

It only needed a few hours’ work in ‘upkeep’ but that can be easily outsourced.

So you can see why I was pissed off that I lost out on that one – someone got a bargain.

A friend of mine – the 3k income in the headline –  recently bought a site aimed at potential writers (I’ve got one of those too actually) and is currently making around $3,000 a month in revenue from a site that cost him $4500 several months back.

It was making around $600 a month when he bought it but he tweaked it, changed the ads and got an SEO person on board (cost him $250) but it was well worth it

In fact I can’t stress enough that the most profitable skill you can have when buying and developing websites is to look at what they’re lacking.

If the SEO needs work (ask an expert for an appraisal) then getting a pro on the job will increase the revenue

If the ads need to be more targeted then work on that, or if any lists or Facebook page that comes with the site (a lot do these days) isn’t being monetized enough then work on that aspect.

In my experience there’s usually something you can do to increase the revenue you get from any site.

If you have some seed money, buying sites that bring residual income is a really good way to build an online business.

I highly recommend it, although it takes some balls the first time you spend four figures on binary code

And if it doesn’t work out you can usually resell it and make your money back on the sale

So this is a marketer who has created an income stream – a recurring income stream – for himself of just under ten grand a month by offering a membership to his free course.

His strategy is beautifully simple, almost old school (skool?)

His course is aimed at newbies and his advertising and traffic are aimed at both those people who have just discovered IM as well as those who’ve been around for a bit but haven’t had any success whatsoever.

So his free course is basically how to set up an internet marketing business and reach X amount of money per month in X amount of time.

(Classic sales page headline in that description above too eh?)

It’s a great quality and BIG course that newbies can sign up for at one of his various squeeze pages or blogs.

The course is very cleverly structured so that it encompasses pretty much ALL of the main ways to make money with an online business…

PPC

Affiliate marketing

Product Creation

Blogging

Flipping

Amazon

Review sites

Software development

…and so on

And as they make their way through, the members are encouraged to decide which of the methods they’d like to base their own online business on

He includes the basics of each of the methods, how they work, are they easy or hard to set up, potential, skills needed, personality traits needed etc…

It’s very well done.

And this is how he monetizes it:

He simply gets them to a point where they’ve decided which path they want to follow and then says:

This is the course you need if you want to develop your business in this niche in the best and fastest possible way.

And gives them his affiliate link to a course he’s found for each of the various ‘paths’ created by other marketers.

He ONLY ever promotes recurring courses.

Not only that but he also signs up to the affiliate programs of related products – tools, services, software and whatever else and recommends those too

There are some pretty high –ticket services among them too – paying extremely decent commissions.

Cleverly, he doesn’t include anything like this in the first few weeks of the training – he builds trust first and establishes himself as an authority.

Then he recommends courses – ONLY recurring courses remember, and related services and products to the subscribers.

Lovely model eh?

Best of all, the (slightly less than) ten grand a month he earns from the recommendations is only part of his income.

He also produces products and sends emails to the list that he builds from the free courses with promos, recommendations and last time I looked he’d started selling solo ads too.

I don’t know the figures but I DO know how much an email list can bring in a month so I reckon he doubles that ten thousand from simply mailing his list each month.

And of course once the course is produced all he needs to do is pour people in the top and take the profits

He’ll need to keep it updated and keep an eye on the market for new products and better ‘fits’

for the courses he recommends but it’s a pretty hands-free business for most of the time.

This is an evergreen model that can be replicated if you’re willing to put the work in and set up the infra-structure.