Target 200,000 USD in a year – A Journal

Well good luck on this idea. I hope you have a proper plan in place because what I see as the problem is you are going to have to spend quite a few bucks on marketing alone and this will off set 200k in my eyes. But I think overtime you could be right if you stick with it and enjoy it.

 

What services do you use to convert leads?

Keep up posting - it's inspiring

 

Due to my agreement with merchants, I can't reveal the names. However here is the clue. For payday loan, it is one merchant from CJ. They pay 50% on each approved application (typically u make USD 60-70 on average). However I negotiated with the merchant and he has set me up on a deal where I can earn even upto 70% per approved application.

On Auto Insurance, I will use offer from Hydra. Somehow their Auto Insurance offers have worked excellent for me in the past - Generating EPC as high as $3- $4 Per click. Eventually on Auto Insurance, I will talk to the direct merchant and will do private label branding to generate the Auto Insurance Leads for them under the umbrella of my web-site.

 

i will go mad soon , yesterday 1 friends says 1k$ daily now 200,000$ yearly . here i make 300$ in 2 yrs and u guys talking way above from my head/mind . i am feeling jealous

 

Sounds really a mega project.

I am looking forward to it.

best luck to nitin22.

 

Payday loans are an incredibly saturated niche...good luck finding success there, you REALLY need to know what you're doing.

 

Thx DLM for pointing out issues related to payday loans.
Payday loans is a dirty business and it attracts the best of blackhatters . It is almost impossible for a newbie to play balls in payday niche. However the promotion techniques I am going to use can be used in any niche.

Here is the action plan for the payday niche.
Since DP is not a forum to discuss BH tricks, I will skip BH part.
The overall strategy is multi fold.

A> Registered a domain that is redirecting to advertiser. This URL will be used at craigslist, kijiji, gumtree, yahoo answers etc. Also once the domain gets banned new domain names will be used. The step A will start bringing me immediate revenue. Have started getting PVAs for Craigslist.

B> Going to start a geo targetted payday loan site with a bit of scrapper content. It will be promoted heavily thru social bookmarking and other similar techniques. The site will be kind of grey hat.

C> Going to start a kickass site for all check cashing places in US. Obviously the people who are cashing the cheks are prime targets for Payday Loan. This site will be heavily promoted using all known Link Building Techniques.

D> Start a wiki site.

E> Start a payday loan information site - The site will have 200 pages of unique content.

Now some of you will argue that Step A is not very long lasting. Indeed I do agree. Good thing with step A is it brings immediate traffic and immediate revenue. C, D, E will start generating leads only after 3-4 months at least. By the time C, D, E is stable will reduce the focus on A & B.

On other note, currently I have recruited a team of two people. These people have started writing the articles for the promotion.

Also on another note I got a gift of gab. I am good at freelance sites. On day one itself got a project of $120. So that is the start of journey towards 200 K.

 

I really like this idea. I had never thought of redirecting like that!

 

Good luck. Sounds like you at least have a plan and some experience which will be needed in these high competition niches. We will see if the journal lasts a year! The best to ya!

 

Most affiliate networks (including CJ I assume) don't allow Craigslist traffic. Not only will your domain be banned, but so will your affiliate account and you wont get paid.

Spamming classified sites isn't a very smart way going about trying to make $200,000.

 

Nice post, I'm waiting for next updates.

 

You are right about it for 90% niches. However as far as Payday Loan gets, most merchants do not care about from where you are getting the traffic. However it is always advisable to talk to your Affiliate Manager at Merchant as well as affiliate program if you have a doubt on the source of your traffic. Once again I wont mention my specific talk / deal with my Affiliate managers / merchant, stay assured I won't do a thing where I get kicked out without money

There is always a fine grey line between spamming, pure blackhat and intelligent greyhat. As I said earlier, out of all tens of things that I will be doing a bit of grey shade is the part of overall package. That is may be 5% - 10% of total effort, but it is there. Indeed I already mentioned before you pointed out that it is not long lasting method and will be used only till the WH sites start generating enough leads. I have to keep my advertisers interested in me

Will I discuss BH tricks here - NO. I will rather discuss 95% of the other stuff.

Moving along, in next post I will discuss about the real work that we started doing on Lead Generation Sites, as well as Content sites.



Thanks everyone for your positive support.

 

I hope I can just make $200 in a years time. LOL

 

About those freelance sites - so you are not HIRING there, but WORKING there to get money to pay for your sites, content, etc? Are you going to work there yourself, or have your employees work?

 

200K in 1 year?

You have to put in lots of hardwork I tell you.

I spend 2 to 3 hours working and promoting my blogs and I don't even hit a 4 digit online income per year.

 

My only role there is just to bid. I have got one Team Leader who takes care rest. On average I quote 60% more than my expenses (for my profit). At Elance I have taken subscription as small business. That way I am able to assign my Team Leader directl access to site and I dont have to waste my time in communication back and forth. My only role is estimating the effort required and bid. See I am lazy bastard

Very soon once my team is 100% ready, I will write a post on team management. My whole post is all about making a business of 200 K a year. Indeed there will be expenses, but nothing more than 40% of total revenues.

 

Very interesting - will be waiting to read it.

 

all the best!
a great motivational thread, ill be keeping an eye on your progress and truly believe you can hit your mark!

 

Hello everyone!
Since this post is supposed to go on for a year, I won’t bore you daily with the same stuff as how much I made today and what all I did today. Instead I will focus upon posting some new stuff in each post.
Once a week I will write posts regarding update in status and strategy being followed. Also I will update upon the money made in the week.

So this post I am going to write about team management. Internet Marketing is a business. If you are in a business, you have to have a team. If you are working all the time, then it is more like you are working in a job.
Many of the times people have question as in how much work they should outsource to outsources / their employees. I say 100%. Only thing I say is you should distribute it to more than one person and in the organization you should be the only person who can connect all the dots together.

For example in our case, we need the SEOs, Content writers etc. What we do is we hire Content Writers. These content writers simply write the articles. They are never being told about ezine, articlebase whatever. Their job is plain, simple to write the articles. Obviously when I give them training I show them sample articles and stuff. But when they are on the job floor, they only write articles without knowing about if we are going to submit it to ezine or freelance it or associatedcontent it. Now can tomorrow they run away with our knowledge base and become my competitor? Highly unlikely. They are good in content writing, but they don’t know nothing about web and seo and freelancing. It will take years for them to understand all aspects. Also since they work in hierarchy they knew that they are a pawn in overall scheme of the work.

Then we have the SEOs. When I recruit a SEO, I make sure that he should never possess skill of writing contents. In our line of business Content without SEO skills is useless and vice versa. So both of these people compliment each other. The role of SEO is social bookmarking, submitting content to article sites and do rest of the stuff.

To monitor these two categories of people I have one admin manager at the top. I prefer this guy to be from the army background. A retired colonel is the best bet. This guy knows nothing about SEO, knows nothing about Content, but is a pitbull anyway. I also teach him paypal, basic accounting and stuff. This guy takes care of recruitment (I have no time for HR people), takes care of banking, takes care of basic admin of office etc.

Regarding salaries, my say is you should pay the salary that is competive in the market. You must never pay higher than the market. Provide good office environment. Purchase beers at weekend, parties once a month, but never pay extra high salaries. If you start paying over the limit salaries a) You are losing your money b) Your employees stop appreciating the value of the money. They will look at you as if you are printing the money and they will try their level best to dig on your business strategy. Just paying higher salaries does nothing to boost the morale of the employees. Have cool environment, but it should not come at the cost of professional efficiency.

Now I understand that building this type of team may not be possible for most of the readers. But yes it can be started by all of you eventually. Obviously when you plan to make 200 K in a year, you should have heart to spend 40 K in salaries and 10 K in expenses. The people who are in developed nations, the costs are way higher for them. So to begin with you can start outsourcing with intelligence. Once you have as little as 15-25 K extra and ready to take a plunge into full fletched entrepreneurship, take first flight to some of the developing nation. Get your office setup with real employees and then manage it from your country. Other tan making the money on the net you shall be making an easy 10 K selling the offshore services to your local client base. I know a couple of people who exactly did the same thing and now they are making a killing.

Below is a chart of hierarchy at RCM.

 

So you are for real physical office? What about virtual offices? Thus you can hire people all over the world leveraging low salaries in developing nations and can save on office rent and other expenses.