My Story with: My Success and Failure
My Success and Failures Intro
The next couple headlines will be my backstory of how I started, and currently own a Youtube channel with over 700,000 subscribers and has earned me an average of $5,000 a month in under a year.
You need my backstory to understand the knowledge that is required to start, and then the second part of the book will be teaching YOU how YOU can do it! I own many passive income streams, but this is by far the method with the best return.
I want to keep it as practical as possible, so if you want to get to the nitty gritty data and tutorial part, skip over this background, into the “Bring Value” chapters. My First paycheck So, I first discovered Hubpages.com when I was in early High School.
I remember staying up late writing an article a day, for about two or three months. Growth was addicting. Seeing my numbers rise from 1 to 10 to 100 to 500 was soooooo much fun.
I did it for the views, but the experience I gained was invaluable.
I was basically teaching myself how to reverse-engineer the search engines to gather views, and in turn money.
I taught myself SEO by having fun trying to get more pageviews, you could say. Hubpages was a place where you could write articles, and get paid for advertiser views on your articles.
I wrote topics like “100 funniest tweets”, “Best guard dogs”, and other easy-to-create articles that I knew people searched for.
For me, it was super easy to read this 5000 word article and regurgitate it into something that was what a searcher was ACTUALLY looking for.
It took a while, but I hit the $100 paycheck.
I was pumped.
Anyways, I was banned on Hubpages eventually due to the age requirement
(yeah, stupid move, but it was a stepping stone), and I am telling you this to give you an idea of how much work it is to actually make money online.
It’s not an overnight thing.
The information in this book has taken me years to learn.
I wish I could’ve read this book when I started. Reading this ebook will at least give you a jumpstart. Laser website After the Hubpages encounter, I decided to start my own website and try again with Google Adsense.
I think the website was titled lasersarefun.com.
This website was literally scripted entirely by me using HTML from scratch.
This was probably 2014, and I wrote most of the scripts and articles, since I was interested in learning about lasers, and had the basic knowledge.
I earned a measly average $4 per month with Adsense, and decided to bump up my content, so I paid somewhere around $100 for another 10 articles to be added to the website.Stuff for Sell & Stuff for absolutely Free
I was in like $200 total for the website and earning an average of $10 a month. Note that the upkeep fee was around $10, so I was basically breaking even.
For passive income, 5% return/month is a pretty good investment. Imagine investing $100,000 and earning $5,000/month with little to no upkeep.
Traffic was coming in pretty nicely, and anything over 1500 visitors per month was amazing to me at the time.
I sold the website to some guy a couple months later for exactly $200 and he’s redesigned the whole website. It was super encouraging to have that $200 Paypal payment. Wordpress After the laser website,
I kept reading more and more about how to build a successful niche website
and I started getridofmosquitobites.com.
For this website, I bought most of the content for under $200 and spent my free time setting up the the images and formatting everything.
I kept it dormant and paid the $8 hosting fee for around half a year and then checked in on it. It was also earning around $10 per month; profiting me $2 per month.
The summer hits and traffic spikes, some guy contacts me about buying it and pays me $350 Paypal to transfer the website.
This was my first encounter of a profitable passive income website, AND selling
it for a profit. I’ve set up a couple more niche websites and they earn enough to pay for a week’s worth of steak each month. In the monetizing section of this book, we will go in-depth into how to setup a Wordpress site for both niche and authority sites.
Authority Website Now I’m managing a larger authority website
(won’t mention for security reasons) that has around 100,000 words with 60 posts.
An authority website is one that isn’t just one super-selected niche, but covers many topics about the subject.
Most authority websites are built with 50+ pages of content and have tons of great backlinks. Within a couple months, this website started earning $50/month. This may not seem like much, but it was definitely a game changer early on.
I’ll teach you the methods
I used later in this book, but let’s talk about my first profitable Youtube channel.
So notice how I said “first profitable” channel?
That’s because just like it took many tries to get a great foundation for a website to earn money, I failed many times setting up Youtube channels.
Passive income is worth it, but 99.9% you have to put in a ton of work.
The upside is that in the end you ENJOY the work you put in.
This channel has earned me $60 per month without ANY maintenance work, and still is. I spent probably a month (2 hours a day), setting up the channel and adding videos.
I would outsource topics like “How to get rid of mosquito bites”, “How to get rid of stomach fat”, and “How to clean out a dirty garden”, buy the scripts, narrate, and put together a sloppy video with a couple of copyright-free Google images.
The key was in my SEO skills that I garnered.
Most of the videos I made are still on the top search results of Youtube.
Great titles, tags, and thumbnails were used and allowed me to set up that profit stream. It was the SEO training I gave myself that allowed this channel to succeed. Scaling Youtube Then I started Practical Psychology.
First, I was watching “Fight Mediocrity”, but noticed he was only uploading once every couple weeks. I had an idea, one simple idea, that I could do exactly what he was doing, only I could do it a bit better. He gave me motivation when he showed he made $3000 a month.
That’s how you make money online; find someone who is doing it, and do it better.
So I started putting in the hard work, the first 6 months I didn’t even cross a couple hundred dollars. Coming home from my 50-hour-week summer job and spending another 3-4 hours per day was exhausting, but I loved working on this.
I was literally spending ALL of my free time reading books and reviewing them.
My initial content was just animated book reviews.
Then the J curve started, and the views and subscribers started pouring in.
I’ll explain my algorithm hacks later in this book :)
Around 8 months I earned ~$2000 and quit my part time job.
The next couple months I earned a lot of money, enough to outsource most of my scripts and animation process.
Success Person always Take Action: Visit my Page
I eventually decided to quit college as well. Business school was preparing me for a job, but I made myself a job. January was a big month, where I earned $15,000 in one month, and for a 20 year old; it’s worth taking that risk dropping out of college. Now I’m earning at least $5000/month and only spending the time on the business doing what I WANT to do, what I love doing; teaching people and narrating.
I’ve learned a ton in the past year alone, about affiliate marketing, sponsorships, ad revenue, and just monetizing the value you bring and I’m going to spend the rest of this text teaching you how to do it. There are going to be two major steps in this: Bring Value, and Monetize. I want to keep it simple, because you’re reading for the first, and it’s my job to deliver as much value as possible.
Bring Value Passive Income
I’m going to start this chapter by explaining what I mean by passive income.
I mean income that you can spend a LOT of time and/or money to set up, but requires VERY LOW upkeep.
That way you can essentially spend your time, energy, money now to buy you freedom in the future.
To use those websites for example, it took a ton of original work to set them up, each one getting better, earning more, and being easier to set up.
Another example is the first profitable Youtube channel I set up.
I have done literally nothing to it for almost a year and made consistently $60/month. It took me probably 60 hours to set that up.
What if you set two of these up a month in your spare time?
Everybody’s got 20-30 extra hours a week they spend lounging. Well, most people can find the time, especially if they’re learning about passive income.
Adding $120/month income each month, and by the end of the year, in theory, you’d be up to $1440/month with NO MAINTENANCE WORK.
Scaling passive income can be difficult though, you’ll have to use your imagination. So before we go setting up an automated system to generate us money, we’re going to need to give value first. It’s how the world works.
If you don’t give enough value, you’re going to be scamming someone, people will find out, and your scheme will eventually fail.
First we have to add value. If you’ve been in Tai Lopez’s 67 steps, you know one of his most important ideas is to be worth something. If you’ve read Think and Grow Rich, then you also know adding value is the most important tip in growing wealth. Note that it’s easiest to add value if you’re passionate about something.
Evergreen Content For most of the book, we are going to be referencing Evergreen content, which is content that is likely to be usable for a long time.
For example, “How to tie a shoe” is evergreen, while “Superbowl 30 best plays in 2003” is not.
One will create passive income, and the other will give you a burst of money
(if you’re super lucky) and then die out.
I call the first evergreen content, and the second Skyscraper. Let’s get onto how we can add sweet, sweet value on the Internet. Remember to do this by entertaining someone, or by informing them.
Delivering value is the first step. Remember that on the Internet, how you deliver your value is also important. If you deliver information about “how to detail a car” it may be more useful to create a video, than it would to be try to explain the process in text format, and images would be in the middle.
There’s value in creating that video, if nobody has done it before.
Free information One of the best, most popular, and easiest-to-setup ways to add value is to offer free information through something like a blog or authority website. Information is starting to become one of the most valuable commodities in today’s fast changing world, and if you can offer new, easily-digestible information or knowledge to someone, you’ll definitely earn their respect.
A large portion of the monetized content on the web is in text format.
This is because for the past 20 year, search engines have specialized in algorithmically analyzing text pages and sorting them for users. Creating content in text format also has a super low startup cost.
Wordpress websites are very easy to set up, and you can start one for under $15. How to set up Wordpress I told you how I manually scripted the HTML for my entire first site. Well, this is a practical guide, and that's not practical. Let's talk about a tool called Wordpress. It's free. I know what you're thinking:
nothing that good is ever free. So yes, I have to say there are many premium services out there for Wordpress, but the core platform, what hundreds of companies use, is totally free.
Oh, and by the way, Google "free Wordpress themes." There are virtually thousands for you to experiment with. Installing themes, using the same technology corporate companies do, is easier than you think.
You don't even have to install any software. It's all on the Internet and writing posts is as simple as using Microsoft Word.
Ahh, but you want to do more than write posts.
You might want contact forms and social networking links, subscription sign-ups and image galleries. Wordpress has plugins that allow all of the above with a push of a button. Want to literally start a social network?
You can do that with plugins. By now, you can probably imagine why small sites are using Wordpress, but larger ones haven't been able to resist it either. I'm talking about Mozilla, CNN, eBay, Reuters, Google Ventures, and more.
But what about people using your site on the go?
You better believe these big companies are going to make sure people can access their sites on mobile devices like tablets and smartphones - that the sites will be "responsive" and still work on those devices. Normally, you would pay thousands of dollars for a developer to make your site responsive.
That cost is non-existent here.
A big thing for me when I setup the authority website was picking a responsive
theme. And, if you haven't realized by now, I completely use Wordpress.
Whenever I personally need help with the platform, it's easy for me to find free support from bloggers, theme developers, webmasters, YouTube tutorials, forums... (the list goes on).
If I can’t find help, I’m probably doing something that isn’t recommended.
So you’re going to need two things for your website.
The first is a host. In technical terms, buying a host is paying a company for server space that is dedicated to sending the files for your website out to any computer that sends an HTTP request for it. In less than technical terms, think of the host like the host of a party. Your website is the party.
The host manages the space the party is held in and keeps the door open for anyone who wants to join.
Otherwise, it’s like you have this great idea for a party, but it’s not actually taking place anywhere. The second thing you need is a domain.
This is the web address people type into the URL bars of their browsers
to go to your website.
For example: testtesttest.com .
If your website is the party, this is the address where it’s happening at.
You have to reserve this address and give it out, so people know how to get there. The WordPress platform is free, but the host and domain will cost around $3 – $10 a month (keeping a party going 24 hours a day for 30 days…
someone’s got to get paid).
Also, having your own domain name looks way more professional than having your website on somebody else’s domain (like yourbusiness.weebly.com), and it’s inexpensive too.
Plus, paying for a good host means your website will load quickly and won’t randomly go down for hours.
Of course, this is important because someone might think your site is dead if they come at a bad time, but it’s also critical because load times are analyzed in search engine results. Basically, you’ll come up lower on the page or not even on the first page when someone Googles you if you’re loading slowly.
Where can you get a hosting and a domain name?
GoDaddy, Hostgator, and Bluehost are great places to start. Bluehost hosting is very inexpensive at an average of around $8/month.
They also give you a FREE domain name (an epic perk, since they’re normally $15). The downside is you have to pay for a year minimum.
Or try other hosts that have reasonable prices. Just watch out for a company trying to hit you with payments for 6-12 months minimum.
You can cancel anytime with 1&1.com. I registered my first two sites with them for only $6/month. Which type of domain name should you pick?
If you are developing your website for a business then your domain name should definitely match your business name (yourbusinessname.com).
If you want to develop your website for yourself or for blogging purposes then you should use your name or the name of your blogging category.
For example, if I were a fisherman named Jeff Jupiter, I might want jeff.jupiter.com
Most domain names end with “.org,” “.com,” or “.net,” but nowadays, it’s become a bit of a wild west. What I mean is, now we have “.pizza” and “.ninja.” Personally, I would avoid the wacky ones, unless they perfectly describe what you have to offer. If you’re a ninja, then “.ninja” is fine. More likely, if you’re an agency, then maybe go with “.agency.”
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Otherwise, it’s generally best to stick with what people are familiar with: “.com,” “.net,” or “.org.” Here are some more tips for choosing your domain name: Is it brandable? For example, if you are making a website about music, then best-music-website.net is not a good choice.
That’s not a brand name.
That’s just a boring generic claim you’re the best.
Musicacademy.com is something you can name a company or product after.
It’s brandable. I tried practicalpsychology.com, but it was taken. Is it memorable?
If your domain name is lengthy, then probably not.
Keep it short. I tried practicalpsychologytips.com, but it was too long and not memorable. Is it catchy?
Keep it short. I tried practicalpsychologytips.com, but it was too long and not memorable. Is it catchy?
It’s a powerful strategic move if your domain rolls of the tongue or gives a simple description of your business. Let’s put this into perspective.
There are more than 150 million active domain names. You might have some trouble coming up with a cool name – but don’t give up. I tried practicalpie.com, and it stuck! I’m focusing on my Youtube video quality at the moment, but will be updating this website within a couple months.
Ok, so now you have an epic name all polished up and reserved just for you on the internet. Let’s get back to Wordpress, so you can actually put something at that address. There are two ways to install Wordpress.
One Click Installation:
So you’ve paid for a host, and they’re probably giving you some sort of CPanel to log into and manage your website with. Almost every single one will have a Wordpress
“1-click-installation” button that will make getting started with Wordpress as easy as “one-click” sounds. Just look for the “WordPress” or “Website” icon, select your domain name, and click “Install Now.”
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Passive income comes from Passive Actions in your Life
Passive income comes from Passive Actions in your Life