Image courtesy of Will Scullin on Flickr

Passive Income - an income received on a regular basis, with little effort required to maintain it.

So, the introductions are over and it’s time to get down to some business.  I’ve been researching passive income through niche websites as well as several other business models for a while now and I am ready to start ramping up the business.  My plan is this: Start off by building niche websites and ramp up as quickly as possible by reinvesting profits.  Next, the plan is to progress into authority sites and measure return as opposed to the niche site portfolio.  Finally, I will diversify by adding a few key business models to the mix (but it’s too early to talk about these top secret diabolical plans just yet).

First up are the niche websites…

Niche Website Development

My strategy for niche website development is fairly straight forward and can be broken into 5 stages:

1. Keyword Research
2. Site Creation
3. Content Creation
4. On Page SEO
5. Backlinking

Going forward, I’ll be breaking each section out into several updates to give a complete overview of how I create my sites and the reasoning behind my decisions.  My goal for each site is very modest, a mere 75¢ per day on average.  I’ll go in depth as to how and why I arrived at that number in an upcoming post but for now, let me say that I like to keep goals attainable and ramp up expectations over time.

Starting off, I plan to build out around 25 new sites per month.  Again, I want to keep these numbers easily attainable.  If you are new to the whole niche site model and think 25 sites sounds like a ton of work, don’t worry!  If motivated, I could probably create all 25 sites in just one day, and you can too!  I’ll be showing you some tricks to make site creation amazingly easy (even if you are completely new to web design).

Finally, I want to talk a little about costs.  While the sites themselves will not be very expensive to create, there are a few tools I use that will set ya back a little scratch.  I’m a firm believer in using the right tool for the job and cutting corners will cost you far more in the long run.  I will tell you what I use, why I use it, and give you some alternatives if any are available.  I hope this doesn’t discourage anyone as anything worth doing will require some level of time and resources and I think niche sites are one of the easiest and least expensive business to get started.

Well, that about wraps up this post.  I plan to put out about 2 updates per week so check back soon for the next installment when we will start the process of researching keywords.  See you soon!