Build passive income in spare time and sell for 200.000$

This simple guide explains how a person with full time job committing one hour per day builds niche website earning 2000$ per month in passive income and sells it to advertiser for 200.000$. Patrick Meninga have done it in 4 years but could be accomplished faster if he knew what he learned during those 4 years. He started in area that he personally had experience with and his main goal was to reach 1000$ per month and quit full time job. Patrick reached that goal in 4 years and after 3 month he reached 2000$ per month milestone. His project that sold for 200.000$ is help resources to quit alcohol and other harmful addictions. Website link to his project displayed at the bottom of this post.

Patrick followed 3 simple steps to achieve this success.

  1. Setup wordpress site by buying domain and hosting.
  2. Write content every day. 90% of workload.
  3. Write guest post every month. 10% of work load.

Let’s break down steps of this business idea:

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Software developer earning 200,000$ passive income

Most software developers feel like they work day and night, they need some freedom to live their lives. I felt same when I was working as software developer. You get salary every month but you have to put same effort every month in order to get paid. And writing code is very intensive brain work, it is not like being and accountant and using your software periodically and increase your salary as company that you work for gets bigger. While you work hard on client projects some of them get very successful and make 1000 times more in terms of money while you don’t get any share of it after project is finished. So every software developer after a while start thinking to start their own software company or small business that can grow or keep earning steady income every month for future 20-30 years. Having a product and improving it is much easy than writing new product for every new client every month.

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Related terms: business ideas for software engineers, online software devloper project earning, passive income for engineers, passive income web programmer, software development company spare time business ideas

Earn 1 million $ per year with email newsletter business

To earn decent amount from email newsletter you need attract interested subscribers and useful information to publish. This is success story of a newsletter service that helps reporters find right business to write about in their report. Peter Shankman founder of Help A Reporter Out – HARO explains how business works, where revenue generated, how to deliver newsletter and other interesting aspects.

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Success Story: Harry Potter fan site business

Have you ever wondered how a fan website can generate money? I thought about it and only revenue model that comes to mind was advertising. Because site visitors would be young to purchase goods and hard to target specific products I thought advertisements will have very low CPM rate and revenue. Reading this success story of Harry Potter fan site I found more useful details about fan site revenues and revenue streams. It turns out other big revenue stream is book publishing. Here are notes from story. Site owner, Emerson Spartz, also reads lots of books and interviews, takes notes to review them later and apply to his businesses.

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Success story: Theme business RocketTheme

Theme business for free content management systems like wordpress, joomla, drupal, magento is another profitable business idea to look at. We looked at other success stories on themeforest and woothemes, this is another succeed internet business that earns more than 2 million $ per year. As in every business there are easy and hard parts to it. Easy part is you spend your energy to build a theme and then sell it several times through subscription. Every subscribed customer can use any theme that they provide and change whenever they want to new or other theme. Difficult part is to deal with client requests and address theme related problems while explaining other related issues and custom development needs.

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How to earn more money with focused traffic

Every person who sees success  that internet entrepreneurs get want to replicate that business and success. It is great goal to achieve but there is tiny problem to rich that level of success you need to have huge traffic. Mostly service providers, big popular blogs, social networks targeted by this new prospect entrepreneurs. I felt same when I decided to start free blog  service. Revenue model is in most cases adsense advertising. Service itself is free to users and we hope that advertising will cover server costs.

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Niche site business ideas

What is niche site? – Niche site is a site dedicated to one topic that has around 10000 search requests monthly. Domain name for website is chosen using exact keywords without hyphen. For example if you want to create a site about “Glass table designs” you would check google keyword tool for monthly search requests (results with 50,000 to 10,000 are good), competition (middle scale) and average CPC (cost per click. 1-2 $ is good enough). Then search for that keyword and check for competition on google. If on first page you get very few niche sites two or less then it is good. Then check if domain name preferable Glasstabledesigns.com is available and create content for your niche site.

There are 2 type of business ideas around niche sites.

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Related terms: niche topic ideas, website business ideas

Success story: How to build Promotional codes business

Promotionalcodes.org.uk is UK centered retail affiliate website offering promotional coders to consumers. Site is built with 6 month target to become profitable to support a family. Site had profit of 145,000 pound first year, 1 million pounds second year and 2 million pounds third year. After that was sold for several millions to other company. Site has 1 million visitors each month, 90% of traffic comes from search engines.

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Business ideas from forum activity – Sitepoint story

New business ideas can be found in forums. Forums attract certain amount of visitors who are passionate about forum topic. They ask actual questions related to their niche. You can learn a lot from forum posts and most visitors come to forums from search engine to solve their problems and learn stuff. I remember using forums to upgrade my windows 6 and android mobile phones.

Forums are hot places to learn and forum owners can learn a lot as well. Here is what sitepoint owner Matt Mickiewicz learned from his forum, from his experience and decisions we can learn as well.

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Best business model for blogs

Here is other idea of making money from blog. It is not ad driven approach as many of you may expect but product and consulting driven business model. Benefits of using this model is huge compared to ad driven revenue generation.

This are basic advantages of product and consulting driven revenue model from blogs:

  1. Traffic don’t have to be in millions page view, but rather 10,000 focused traffic is enough to make 100K+ per year. This makes approximately 1$ per unique visitor.

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