Creating passive income with your own niche site
Step One - Pick a Niche
Pick a broad niche with lots of advertisers and companies selling related products. Anything that revolves around products - including services, information to buy, education, or other topics that attract good ads. Concepts are harder to make money with because people looking for concepts are not usually motivated buyers like people looking for how to buy something specific. Whatever you do, pick a niche with commercial value to maximize your opportunity to earn.
You'll need to know what keywords are. Go pick some good keywords.
Step Two - Start a Blog
Easy to do this on a free blogging platform like blogger. You need a place that does not require original content, so check the TOS carefully. You don't want your efforts to go to waste because the host dumped your site. If you are willing to put a little out of pocket, consider the advantages of a paid host instead of a free host. If you do use a free hosted site, remember that the host can just cut you off if they don't like your blog and it's unoriginal content.
Step Three - Set up a Title for the Blog
A suitable title, maybe similar to your URL. It just has to match your niche that people are searching for. (Check Google's Keyword Tool External to test different titles). You might also like a tag line of some sort like "free information about niche." Remember to use your keyword research in setting up your title and tag lines.
Step Four - Set Up the Theme
The theme is the colors and layout of the blog. You should be adding HTML widgets above and below your content or beside it. In WordPress there are many paid and lots of free themes available. In blogger there are multiple free themes and you can adjust the colors in all themes. Don't sweat the theme too much, it just needs to look decent and be easy to read. Most importantly there must be room for ads.
Step Five - Add Your Ads
You can use Google Adsense as long as you stay within the Adsense TOS which require that all content must be unique and useful. Using Adsense on extensively copied content could jeopardise your Adsense account.
Also, consider placing Chitika, or even better, affiliate program ad blocks at the top and bottom of each page in those HTML widgets. You can get the affiliate code from your affiliate program account - go to the creatives section and create away. Just drop your unique code into your blog.
Step Six - Add VigLink
This is SUPER important because it frees you from worrying about adding any affiliate links ever. Just set it and forget it. Remember to add a link to the VigLink disclosure page to comply with the FCC requirements. Learn all about VigLink here or just sign up right here (aff). You want me to share in your success for giving you an exact plan to follow right?
Step Seven - Add RSS Feed(s)
Go find a good news source or two that has coverage in your niche. Set up an RSS feed(s) with short summaries of the stories they publish and drop it in the sidebar of the new site. This will help your page stay fresh with changing content after you complete it and walk away.
Step Eight - Set Up On YouSayToo.com
This gives you another place to earn Adsense. Not going to be super profitable but it is a set and forget deal and its quick to set up. Also provides links back to your niche blog. Must do this before starting to put in content because it works off an RSS feed - so only new posts go into YouSayToo.
Step Nine - Write and Post Content
If you are open to hiring out work or don't want to write, go hire a virtual assistant overseas or onshore to write and post all the articles for you. That service is available from $1 an hour and up and once you identify a good writer all you need to do is specify the topic and set the writer loose with your list of keywords. You can publish all at once, or if you want to get fancy, schedule out your posts over a few days. You will also want to keep adding articles and guides based on your keyword research as your site takes off. All these articles brought together are going to attract some long tail keyword search results for you.
Step Ten - Blog Commenting
Using your niche site address as your website, go forth and comment on about 50 to 100 blogs that have something to do with your niche. Make your comments insightful, not spammy, so that you are actually giving value to the sites you visit and not just there for the link. This will build some valuable inbound links to your niche site and drive some traffic to your niche site over the long run. Without some inbound links your site is just not going to perform well, so be sure to build some links.
Step Eleven - Bookmarking
Throwing some quick social bookmarks at your site will help too. Digg type sites abound, and some even share Adsense for using them. You might also try Stumbing your best content finds.
That's it. You should be able to set up the blog in a couple of hours, except for adding all the content and the blog commenting. That can take as long as you like depending on how much content you want to create or buy and how many comments you want to leave.
Don't go grabbing a bunch of duplicate content - that is against the Adsense TOS.
Once you create one of these niche blogs, it is even faster to do another one. You'll already have the Adsense, YouSayToo, and VigLink accounts all set up, you just need to add in the new blog.