Thought I’d give a quick update on my affiliate marketing and domaining activities, think it’s time I gave this neglected blog some much needed loving! Since my last post, I have started a full time job, which has eaten away a lot of my free time, but I am continuing to develop new sites and have been acquiring and (trying to) sell domains.
What am I doing now?
I am currently testing the water in a niche, and I am in the process of developing mini sites, and getting them ranked well for their keywords. However it’s fair to say I have lost a bit of focus, and have found myself with lots of half developed sites. So I am now trying to finish a website before I move onto the next, but it’s easier said than done!- I get too excited about the prospect of the next website . I do realise that focusing on one niche has its risks, and once I have completed my mini sites I will look to build a few more sites across other niches to diversify my income stream, and reduce this risk. Once I have done this, I plan to focus on the sites that are earning, and will cut out the deadwood.
A few things I’ve learnt
I have learnt a lot from all the helpful people in the industry, so thank you to everyone that has helped me out, and for your words of support & encouragement, you all know who you are! Below are some of things I have learnt from my first hand experiences.
Ranking in Google is a long term strategy
I naively thought that getting hold of an exact match domain meant that ranking highly in google was going to be a piece of cake, how wrong I was. It still requires a lot work and effort, and I’ve realised it’s going to take some time before I see results. However it is rewarding to watch your new site start to crawl up in the search engine rankings, and the pennies (hopefully lot’s of £’s soon) start to slowly roll in.
Selling domain names is easy
To be honest when I sold my first domain for £300 after registering it at a cost of £7, I thought it wouldn’t be too long until I sold my first one for a £1000+. However my first domain sale still remains the highest amount I have sold a single domain. Since then, I have sold a few domains that I didn’t think were too great, and this gave me the chance to reinvest into some that had more potential. I quickly learnt that selling a domain isn’t actually difficult at all, in fact it’s easy! If you lower your price enough, chances are someone will buy it. The hard part is selling it for a high price. So instead of selling my best domains, I am now focusing on either developing them, or holding onto them until someone makes me an offer I can’t refuse.
To be an affiliate marketer requires a range of skill sets, and writing is my weakness (as is coding). I can spend hours in front of the computer and only write a few crappy lines! So I have now decided to get someone else to do it for me. This frees up my time so I can focus on other aspects of website development.
New Year’s Resolution
I’ve thought about it for a bit, and I’ve finally decided on my new year’s resolution- 1366 x 768. Apologies for the poor joke! But really my new year’s resolution is to carry on what I am doing and to carry on developing sites, focusing on one before moving onto the next, and to also buy fewer domains! I hope 2012 will see me start to make a decent amount of money from affiliate marketing, and one day i’d like to do this full time.