Back in town

I just came back from a week end out of town visiting family members. Spending three hours on the road with my wife was a great opportunity to discuss my various ideas for generating passive revenues as well as brainstorm with her for more ideas. She is about as thrilled with the whole idea as I am and she has quite a few leads she wants to explore too.

So where does that leave me with regards to my idea for my first niche site? I want to get it online as soon as possible. I have no illusion that my idea will be a gold mine, in fact quite the opposite. The niche that I target seem to be prett competitive, but I figure this is still something I can produce quickly and I consider going through the whole process with this idea to be a learning exercise.

I have started writting some content for this site as well as reading through a lot of information on how to set up things and try to get as much traffic on the site. Basically the plan is to get the site online, add adsense ads to it and put affiliate links and see how it goes.

Maybe I'm just being paranoid but I will wait for the thing to be online before I provide more details about the niche I'm targeting, the keywords I chose and so on. Hopefully the site is up and running in a few days!

Niche sites

There are multiple avenues possible to create passive income online. The last few days I have been reading the smart passive income blog fanatically trying to gather as much knowledge about all of this as I can. Well for now it seems that the first avenue I want to give a shot is the development of niche sites.

What is meant by niche sites is sites that discuss a niche topic and help people find resources online. How can that generate passive income?

The two main ways are:
1. Advertisement
On niche site it is pretty easy to place Google AdSense advertisement which can generate revenue per click.

2. Participating in an affiliate program
This means that you basically, on your site, provide direct links to an online reseller. In exchange for this, the reseller will give you a commission, generally a percentage of any purchase that is made by someone visiting the reseller's through the links you provide.

The trick here is that you have to find a niche that can be profitable, that is not too saturated and that you can provide content about that is relevant enough to make your page come through near the top of the google search results for your niche.

Right now I'm at a point where I have a few ideas for niche sites, but I am still a bit hesitant about spending the initial fee required to get me started. Those fees are pretty small all things considered (web hosting, good web platform... and that's pretty much it!) but I still think I could get a bit more info before getting my feet wet...

But then again, am I just stalling because I am a bit scared to go on that path?

The beginning

Where to start...

A few months ago a friend of mine talked to me about the magic of creating passive income on the web. I was a bit skeptical at first but the more I listened to him, the more everything he described made sense and the more I was curious. Well that evening went by and I left pretty fascinated with the whole idea and thinking to myself "well this is something I should look into at some point in the future".

Well that point is now. A few days ago I stumbled upon a great resource that brought that whole thing back to my mind and I've finally decided that this is it. The beginning of the passive income adventure!

I will use this blog to chronicle my journey through this, share my discoveries and maybe help others follow that path.