How My Persistence Turned Into a $12k/Month Online Business
Today I have a special treat for you – a guest post that should inspire you. As I’ve said before, I rarely ever publish guest posts on my blog. In fact, today’s is only the second one I’ve ever published (you can find the first one, Maren Kate’s, here). The only time I’m really open to publishing guest posts is when they’re written by people I follow and admire – Spencer is no exception.
Like me, Spencer was also a participant in Pat Flynn’s niche site duel. The only difference is, Spencer has been wildly successful with his niche sites, and has a large inventory of them too (I believe he owns over 200 niche sites!). I think it’ll be better if I let Spencer explain.
Take it away, Spencer…
I have always believed that its important to dream about what could be. This might be dreaming about the lifestyle you want, where you see your business in a year, or improving your situation in some other way.
However, what I believe is even more important than dreaming big is the persistent hard work to make that dream a reality. This dreaming and then persistent positive attitude and continued hard work through education and taking action has allowed me to quit my full time job and now bring in over $12,000 per month from my online business.
I wanted to share briefly some of the highs and lows that I have had along the way before I was able to finally quit my job last month (March 11th, 2011). You see, I am like most of you. I went out and got a degree and then started to work in the corporate world. However, I really knew all along that I wanted to be an entrepreneur. The only problem is that I didn’t know what business I wanted to go into.
My Many Failures
Back in 2005, I started learning how to build websites as a hobby. This transitioned into learning about search engine optimization and monetizing my websites. My very first website was a personal finance education website because I figured I knew alot about finance with my degree in Finance and my professional career being in the financial services sector. I put in countless hours into that site creating the absolute best content I could produce. Guess what happened? Almost no one ever came to my site!
Okay, maybe you have been there and done that. You build a site with all your passion and hard work, only to realize that no one is visiting it. Its kinda depressing. Well, I picked myself up and built a new site more narrow in focus – I figured a laser targeted site might do better in the search engines. So, I built a credit repair informational site. Well, I did get a few trickles of search engine traffic, but I am still talking like 10 visitors a day here. Another miserable failure of a website.
Well, I picked myself up again and then started building sites focused on affiliate products from clickbank, commission junction, Neverblue ads, and others. Fail, fail, and more fail. I did make a few sales, but never really more than maybe $100/mth or something. All along the way I almost quit and decided I was doomed to a life in the corporate world forever. My own brother told me straight up that I was chasing an unrealistic dream – that I would never “make it”.
This was around 2008 – so I had been failing at trying to create an online business for about 3 years. The list is too long here to discuss the other business ideas I attempted both online and offline – but to say the least – they didn’t go anywhere.
Just when I was about ready to quit, I would allow myself to dream a little. What if?? I allowed myself to be motivated by the success of others, and most importantly I picked myself up and started experimenting with new ideas.
I Discover A Model that Works for Me
In 2009, I finally discovered the business that has eventually led to my success. I built 2 small niche websites that instead of going after something highly competitive like “credit repair” targeted less competitive terms – worm farms and buffalo nickels. Did I build these 2 sites and then suddenly strike it rich? Absolutely not. However, they both started making me about $20 per month (each) from Google Adsense. This happened month after month whether or not I did anything to the site. The light bulb finally went on and I realized that I was making a profitable passive income here.
I wish I could simply say the rest was smooth sailing to success; however, I continued to experience serious hurdles which again almost caused me to quit. I had sites that were doing well suddenly stop doing well. I had long hours, lots of late nights, and still lots of questions from my brother (and others). However, by the time January 2010 rolled around I had built dozens of these small niche websites and I was making over $2,000 per month! I could see the light at the end of the tunnel.
Well, in 2010 I built over 200 niche websites and last month I pulled in about $12,000 just from Google Adsense (I also had some income from other affiliate networks). So, despite my MANY failures, I was able to keep a positive attitude and allowed myself to continue to dream a little. However, that’s not all. I worked like crazy to make those dreams a reality. I continue to work like crazy. However, instead of working late at night after my full time job, I now work during the day at home on my own schedule because the corporate job is no longer there!
Download My Free Guide
Anyway, if you want to learn some more specifics about my business and exactly how I build niche websites, you can download my free guide right here on my blog.
So, yes there is a lot of technical knowledge that needs to be learned in my business; I feel its important for any entrepreneur to keep the right outlook and focus in their business. Hopefully this post can help to keep a fire lit under you as you pursue your entrepreneurial dreams and keep the right attitude for success!
Feel free to leave a comment below, and I will do my best to respond.
Note from Eric: Thanks for the guest post, Spencer! If you want to read more about what Spencer is doing with respect to niche sites, check out his blog: Niche Pursuits.