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The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
Niche sites have significant earning potential. They can earn over $1,000 a month within the first 12 months and eventually replace your regular "9 to 5."
But to reach that point, you need to know how to successfully get one off the ground using a step-by-step process.
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Niche affiliate websites work by promoting someone else’s product through content and earning a commission from every sale the company makes.
To do this, site owners produce articles and reviews, covering topics like what the product is, who needs the product and why, and how the product compares to other similar products. If someone makes a purchase, an affiliate commission is earned.
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It depends on three things:
Choosing a niche with high-ticket items, laying the right foundations, and putting more effort into the amount of content you produce and links you build will make your site earn more quickly.
Niche sites currently flip for around a 32X multiplier based on one month’s income, meaning if it earns $1,000 a month within 12 months, you can potentially flip that site for $32,000.
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Choosing the right niche lays the foundation for everything else going forward. For example, the degree of difficulty to rank your site, the amount of money you can earn, etc.
When you decide on a profitable niche, consider:
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Too much experience in a niche can make you too personally invested. You may want to vet all the content in the finest detail or write all the content yourself. This makes it very hard to scale.
Instead, choose a niche you find interesting but not too interesting. You should have enough interest to produce some of the content at first, but not enough to write everything in the long term.
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You may be tempted to jump into anything that is hot right now, but it is probably not going to give you enough scope in terms of keywords to scale your site.
Focusing on seasonal niches, such as tennis, means your site will earn more at certain times and nothing at other times.
If you want to build an affiliate site to act as your main source of income, you have to take these factors consideration.
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When doing keyword research for niche affiliate sites, you’re mostly looking for three main types of keywords:
These contain all the keyword types that people regularly search for and where you can plug products to earn affiliate commissions.
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Pick a domain and build your site using WordPress, as it is customizable and free.
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Content is vital to a niche affiliate site. This is where you will put all your affiliate links, which can earn you commissions.
This will help you build trust and a loyal readership because they love what you are doing.
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Links building is getting other websites to link to pages on your own website. Links need to come from high-quality sources.
Top link building choices for beginners are:
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