Have a story for you today about my online income opportunities quest and a big mistake I made today. Yes I learned from the mistake but it definitely cost me some of my hard earned income. Of course I’m really upset about it but as I’ve preached to you before I can’t let problems that pop up slow me down on my road to web wealth and generating a solid passive income.
Now I’ve talked to you folks before that when wanting to get ranked in Google if you have a new domain name it can take a long time because of the “Sandbox”. I’ve spoken about it before but just to review the Google sandbox can go into effect on all new domains under 1 year old. What happens is even if your website is SEO optimized perfectly and you have some links pointing towards your site you may not get found for keyword searches until your site matures a bit and is permitted out of the infamous sandbox.
So as I’ve told you if you are in a rush to be found and start making online passive income with your website businesses and opportunities then you need to seek out pre-owned domains at the website FreshDrop.com. Now if you buy a closeout or expired domain from this site you are fine and your purchased domain name will keep its age.
But what I learned is that if you buy a pre-owned domain off any of the other websites like Afternic, Network Solutions, etc then your new URL’s creation date will get re-set. What this means is that even though it was old it is treated by Google as new and therefore you can still hit the dreaded sandbox.
Well guys today I blew it. I have a business related niche that I want work on related to making residual income and I paid $200 for it. It was great. Keywords in domain, short, nicely aged (6 years), and the list goes on. Today I went to check out the WHOIS info and I saw it says it was created in November 2008. My heart jumped a beat. I thought I had it all figured out and was about to rank well and therefore make some good online income off of this puppy. Well I was wrong and learned a valuable lesson about online business success.
After I saw this I called a friend of mine (an experience Internet marketer) and he told me “yeah if you buy an expired or closeout domain you are fine, but any other aged domain will get re-set”. I’m upset about my $200. Hopefully I can sell this domain since it’s a nice one but I won’t be able to use it for the online income opportunity that I was imagining unless I want to sit around for months waiting in the sandbox. Lessons learned folks. Wanted to share this with you so you don’t do the same thing.
For those of you who want to learn about how to build wealth I recommend you work with wealth advisors. Now when I use the word advisor I’m not talking about a guy that works at a bank or a firm necessarily but more referring to finding yourself either a mentor or a coach of some sort that is willing to work with you on your passive and residual income goals.
I know from experience that when starting out in this field it’s so easy to feel lost and have no sense of direction on how to even get started. Especially if you are concentrating on making income on the internet and getting into business opportunities online you will know exactly what I mean. Anyone just starting out spends countless days and nights wondering if they will ever make any sort of income at all on the web.
Well then I recommend you seek and find yourself a wealth advisor, mentor, or coach that is willing to help you out and work with your towards your goals. Now you might be saying “who would be willing to spend their time with me?” That is a valid question but you’d be surprised how many people out there are willing to actually help out if offered a small sum of money for their time.
I have really succeeded in this area and through persistence and dedication I have found a small number of coaches to work with over the last year or so. Some of them I worked with for only three or four sessions and others more than 10. I must admit to learn some of the methods and receive the support I did have to pay some money and spend lots of time finding the right wealth advisors but it was really worth that effort.
Not only will you save lots of valuable time on your quest for online residual income and passive wealth but you will also start to feel more self confidence if you are working with the right coach. He or she will really be able to help guide you, give you tips on what worked for them and what didn’t. One important thing to remember, although an advisor can give you great tips and give you priceless advice you still need to actually take action and do the work for yourself to see success and results!
Today I was doing my daily study of residual income on the Internet and I really started to think deeply about how websites get ranked and how to really make income online properly.
Basically I continue to come to the same conclusions. I feel that the only way to really build up a proper passive income opportunity is through a website with quality content and/or a solid business idea. I feel that the times of mini websites with mostly useless information is coming to a close as people really want to find information, products, and services that are relevant to them on the Internet. No one wants to do a search and find useless information people can find anywhere on the web. Just think about it for a second in the offline world only high quality businesses and services succeed – why should the World Wide Web be any different?
You’ll come across a lot of teachers or blogs online that will teach you how to quickly build niche websites and make some easy money on the web but I really am starting to disagree with this as an overall business strategy. It does work as a short term money making strategy but how long can a non solid foundation really last?
I will admit that I myself have several websites that are just out there to make some money but I can’t say that they are of high value or quality to the end user.
Recently my thinking has begun to change and to tell you the truth this is actually one of the reasons I started this site www.income-king.com. I’ve decided I want to build a comprehensive resource on the Internet where people like you and me can come and learn how to build passive income through positive thinking, marketing, branding, online web ideas, and much more.
So if you really want to get into a solid residual income business opportunity then start thinking of how you can add value with what you decide to pursue. If it’s a website or blog make it one that people love to use, return to, and get information out of. If it’s a product then sell something that is worth while and not just an EBook with an empty promise.
If you want to make residual income on the web then there are certain tips and tricks that you really are going to need to start following in order to succeed. Today I want to talk to you folks a bit about domains and the role they play in determining online success and income earning potential.
First of all if you want to be making income online you’re going to need websites right? Well a good URL or domain name is crucial in this game. The tricky thing is that these days most really good domain names have already been registered so you need to start getting creative with how you go about purchasing them for yourselves to use.
What I recommend to avoid this trouble is going the route of buying expired or used domain names off people who have no use for them. At one point they may have had high visions of earning a passive income online but in the end were not able to. A few places I uses regularly to pick up good domain names are Godaddy’s, tdnam.com and also a website that I love (usability sucks though) by the name of FreshDrop.com. At both of these places you can get pre-owned URLs starting from $5.
There are many benefits to buying expired or pre-owned names off the internet. One benefit is that you can sometimes get names that you wanted but had already been taken. The main reason I like to buy them is because Google really likes aged domain names. It places importance on a name that has been around for a while and therefore you can rank better in search engines. What this means to you is you’ll be making more income online!
When it comes to aged domains and making passive income online you’re going to want to try and get your keywords in the URL that you select. So if for example you have a website about “stock investment” that you’re trying to make money from then when you do your searches on either TDnam.com or Freshdrop.com try and have both words in the name is possible. If you can only get one like “stock” or “investing” that is better then having none!
If you want to make an online residual income and you want to start off fast without all of the waiting there is a way to get around it. Basically what you can do is buy a website that is already generating an online passive income. Yes that’s true people actually sell websites after they have built them up.
Let’s start off by explaining why buying a website that is already making a residual online income is a good idea. First of all when you start a new website on the internet in order to actually start being found by Google there is a waiting period or what is referred to as the Google “sandbox” in internet marketing circles. This is an unofficial time period of between three months to one year where new websites basically are not really found in search results by Google. It’s to protect people from spam websites that want to generate quick income online and then move on. What this means for you is even if you produce a legit website you’ll be waiting about three months at least until you see any income coming in.
Another good reason to buy a website that is already is making some money is that if you buy a proper site, the person who is running it has already done the keyword research, design, and search engine optimization for you. It couldn’t get easier then that. All you have to do is maintain the website by writing some content and keep updating the SEO of it. If you do that and you have purchased a proper site you will continue to generate passive income for a long time to come.
Now if you do want to buy a website that is already making an income online I would head over to the website sitepoint.com and then go browse around in there marketplace section. There you will be able to look through what people are offering. People usually price a website for 8-12 months of what they make monthly. So if they are earning $100 a month of residual income through Adsense then they will probably sell there site for between $800-1200 and that would be a fair price to ask. Just remember to make sure that you ask to see proof of what kind of income the site you are thinking about is actually making.
So if you really want to make an online income, then buying a website that is already generating money might be a great place to start. The good thing is you’ll already be earning residual income every month and you’ll start to understand how the whole system works and feels. As this purchased website is working away for you then you’ll just keep building your other sites in the background. If you do have a bit of income to put down I would really recommend this method of getting your feet wet in this game!
If you are serious about learning how to earn residual income then there are tons of tips and tricks you can learn but there is one that you should really put into practice and it’s a lot easier then you might think – copy or mimic what other rich and successful people do. So for example if you really want to learn how to make residual income online and there is someone that you know who is doing it well then hey try and mimic their actions and see where it gets you.
Just think about it for a moment. If your goal is to start your own online residual income business opportunity and your current job is a sales man a brick and mortar company then how are you going to start to learn or begin to develop an online opportunity? The answer is you probably won’t because you’re not surrounded by people doing the same thing as you want to be doing. You are basically learning how to make money in the brick and mortar field. I’m not saying there is anything wrong with making your money this way but it definitely isn’t a residual way of earning money so it’s not going to get you any closer to your goals.
You need to start surrounding yourself with people that are already running a successful residual income business. It makes sense doesn’t it? You might ask how do you do this if you already have a day job that is unrelated? Well you need to start to make some sacrifices to your personal life and “relaxing time”. You need to come home from work and then after dinner start reading and interacting on blogs that are related to creating income online. You’ll be surprised how fast you will start to meet people that are already doing what you are dreaming of.
Once you start to meet these people keep in touch with them, be polite, and ask as many questions as you possibly can to them about how they were able to start to build up their residual income business. You’d be surprised at how happy many people to talk to you and try and help you do the same thing. Just take a genuine interest in learning from them and they will feel that energy and give back to you in the form of teaching.
As you get more and more into these communities of other like minded people that are already have residual income streams set up that work you can start to copy what those people are doing in terms of actions. Trust me you’ll soon know who is actually making a passive income and who is just talking about it. So for example if someone you trust continues to talk about a certain method of how they are making money through affiliate marketing programs think about trying to do the same thing as him and see if it can’t work for you as well. I can tell you that copying successful people is one tip that many people have used to reach success!