Niche blogging

This isn’t what most people think and does not involve blogging about your day or blogging about what you had for lunch. Niche blogging means becoming an expert in a certain Niche, hence the niche blogging aspect of this and providing extremely valuable information. An example of what this looks like – you will earn affiliate income passively, through a niche blog and essentially what it comes down to is that you’ll have to review different platforms, drive conversions and earn a commission in the process.

Just as an illustration, we’ll look at a blog called fryingpans.com. They're doing reviews of different Stone frying pans and is a very basic website. They have cookware Brands, cookware reviews. So let's say, you know, frying pan reviews, for example, you can get all kinds of different reviews from them. Like for instance, the cast-iron skillets. What's the best cast iron skillet, and again this blog is nothing fancy as you can imagine, but I'm sure they're making a decent amount of money just from articles like I’ve just described. The items reviewed in their articles all have affiliate links that you can get by taking part in the Amazon Associates program, as previously mentioned.

Creating comparison content.

Creating comparison content between two different Services products. The reason why creating comparison content is so effective is because a lot of these articles are long tail keywords.

The good thing about this type of blogging is that customers already know about these two companies. They're just looking for the last-minute details to choose one over the other. So the level of intent behind this traffic is very high.

Creating and selling access to a membership site with shopify extension: If you're not familiar with what a membership site is, this is basically creating content that sits behind a pay wall that people have to pay a monthly subscription to access. We're all familiar with a couple of very popular membership sites one of these being Amazon Prime another being Flicks another being Hulu or even Spotify. All of these are technically paid subscription membership sites. And essentially what you're doing for this method of earning passive income is doing exactly what Netflix and Hulu and all these companies are doing but just on a much smaller scale - you're taking something that you're knowledgeable of and creating a membership site. Maybe it's healthy recipes. Maybe it's diet plans. Maybe it's weekly makeup tutorials and you're taking this and putting it behind a pay wall and earning money on a recurring monthly basis.

This is something that my business partner did a while back, he had called stock radar where people were getting weekly stock analysis in that group. So every single week, he would sit down and provide people with an in-depth analysis on a particular company and he actually scaled that membership site up to the point where he was able to make about $7,000 per month. To take something from zero dollars per month to seven thousand dollars per month in a relatively short period of time I would definitely call that a success.

In a nutshell, the business model looks something like this: Let's say for example, you have 500 people to whom you are selling access to a particular membership site for, let's say nine dollars per month. Well now you've created a recurring passive income of $4,500 per month. You will have to create the content for this group. But if you do it the right way, you don't actually have to even be the one creating that content in the first place. Now, you see different examples of subscription models all over the place: There's apps that have subscriptions, there's diet plans, etc. So you can definitely be creative. But what I like about this particular method of earning passive income is because of that recurring revenue model, it's very predictable.

If you want to learn more about selling access to a membership site pretty much the go-to place for this is a platform called Teachable. That is where my business partner did his membership site and they basically do all of that back-end work for you. They give people access to the course, they run customer service, they collect the money on your behalf. Essentially, they do everything. All you have to do is set a price and put content in there. They have a weekly webinar that they run, called: “The seven steps to a successful online course”, but this also applies to membership sites. I would highly recommend sitting in on that, and one of my favourite parts about teachable is that they have a completely free plan that does allow you to actually make money.