22 Feb 12 12:59 pm
I can understand where you are at. At the moment I am going along a similar path.
My suggestions are to make sure that you develop multiple streams of income online. Don't just rely on one site or one type of site (eg. affiliate site, adsense site).
For example, I have one affiliate site that is ready to really take off. I average about one sale a week with 100 visitors a day, but no newsletter. I believe that with a bit of consistent effort backlinking (I mainly go after high PR links - I don't waste time on traditional article marketing - you shouldn't either) I can increase the visitors to several hundred a day and when I get my newsletter sequence up, I should be able to make a lot more sales: 80-90% of my visitors are new and this means that I am losing a lot of potential customers because they only see my site once and I don't get a chance to build a relationship with them. A lot of people these days are talking about "Relationship ROI" - especially Chris Farrell and Mike Filsaime.
Secondly, I have converted the articles on my site into a book which I am selling on Amazon. I published it about a month ago and it is currently selling about two copies a day and climbing quickly. If I can get this to around 20 a day, I will be free!!!
Thirdly, I am building a Facebook fanpage which I am going to sell this book for a lot more than on Amazon. I am going to use paid traffic for this, which means that once I find a profitable approach I can just scale it up infinitely and make huge money without having to waste time building links.
Fourthly, I will probably put this product on Clickbank and get other people to market it as well.
Fifthly, I have another book of about 400 pages (in a different niche) which I have almost completed. But I need to think about how to maximise the income potential of this as it could be a home run for me if I package it in the right way - it is very unique material in an almost untapped niche.
With a bit of hard work, I think that in the next few months I could be doing very well with making money online - without teaching people how to make money online!!!
So Paul, make sure that you are strategic about your approach. Work smart, rather than just hard!!!