Hey Guys, I'm not a complete novice at internet marketing, but I'm not far off. I've had one site that I was able to get up to position 1 on google for my keywords, but it's languished for awhile. A while back I bought a domain that I think has great potential in the webhosting / ecommerce realm (best-ecommerce DOT com). I'm ready to get serious about populating the site and trying to make some affiliate money on it. I envision articles broken down by the major tasks associated with setting up online storefronts: hosting, design, cart script selection / cart services (monstercommerce type), merchant accounts, payment gateways, advertising, affiliate program setup / management etc... I'm more than happy to outsource many aspects of the site (copywriting, advertising, list management etc). My questions are: 1) Would it be possible, with the right amount of funding, could I get this site making $5k / month in say.. 3 months? 2) If so, how much do you think it would take? $2k, $5k.. more? Big bonus check coming from the corporate day job and I'd rather spend it on this than general crap (new flat plasma / new PC etc). 3) If not, why? Is it because the market is saturated? 4) would I be better off trying to develop a series of ebooks and marketing those? Any insight you might have would be greatly appreciated. I'm open to a paid consultation / mentoring program. I don't mind spending the money, but want to gear the efforts to working smarter and not harder (i.e. outsource where it makes sense). Thanks Matt
I doubt it. In 3 months, pretty much all your traffic will be coming from paid advertising still. In an industry as competitive as ecommerce, the advertising costs will be quite high so my guess is that you couldn't advertise enough profitably to reach this goal. I'm sure your goal of 5k a month is attainable in the long run, but it will be coming from having lots of content and search engine results.
Webhosting is quite a saturated niche. Anything is possible. IMO 1.) No I don't think you could unless you had some serious funding. 2.) Prolly in the 7K-15K if you want to make real serious money. 3.) What do you have to offer that no one else already does? Why would you be successful when countless others have failed often with large investments? What sets you apart? (Not trying to be cynical, but these are serious quesitons you must ask yourself and have a valid answer) 4.) If you think you can offer something worth while and you'll enjoy it, go for it mate. A suggestion, develop real ebook of real strategies or methods and sell high and exclusive, much better market then selling 5$ "How to make money with Adsense" ebook. Hope that helps.