Learning how to create an automated money making system is a skill that can help supplement and even replace your current income. A money making system that targets a hot niche topic and provides a practical solution for your audience can generate passive money flow for many years. This might sound easy enough and in some aspects it is but, like any method used to make money online, it takes determination, dedication, and a true desire to make some good money.
You have to have a time-tested proven blueprint to follow if you want to become successful. Is it someone you hired on-line and never met in person? If so, what on-line service did you use to find him? I used Elance. Spencer, Thank you so much for writing this — this is truly inspirational and honestly something I needed.
As you know I am in the process of creating a software tool, that I hope will complement yours. Initially I set out to do it all by myself, as I happen to know a little bit of coding — but I quickly realized that I needed help. I therefore started looking for some one who could help me out — and I ended up with a small company out of India.
The company had no understanding of what I was trying to achieve with the software nor the purpose and as you write -this is one of the keys to success.
After 4 months of getting no where — I decided to end the collaboration. Looking back and evaluating what went wrong — which I think is a key to always do in order to do better next time — it is clear to me that I was blinded by a very low hourly rate.
So back to basics and out to look for a new programmer — this time I found a super guy in the US. The cost was 7 times per hour of what I had been paying -but I felt this had to be worth it. So now what? Well since I now actually had a product — a beta version — I decided to give a shout out to a few people to ask them to test and give input — this proved a very good idea — as these people where in my target group and understood what I was trying to achieve.
I got some very very good feedback and some excellent suggestions on how to make it better…. In his first email — he asked me if I had thought of X, Y, and Z, and how this could be made in so and so manner. Now this is not meant to be a post about me — and the product — which is also why I am not linking to my site here.
I simply wanted to share my experiences — in that I am well underway in creating a software product, but it has not been easy. So when I saw this post I got super excited and almost felt that it was written to me personally.
Thank you very very much for writing this — it makes me want to succeed at this even more. Thanks for sharing your thoughts Chris! Its not an easy process; and I made all kinds of mistakes along the way as well. But the education is invaluable! Wow, this is amazing Spencer. I really like to read your success stories. But there is a missing peace in all those challenges you went through.
Please write the story of your first year in niche marketing business. What you struggled, what were the challenges that gave you a hard time, how long it took you to come to a point that accelerated the processes etc…. I wish it were only a year of struggles! It was more like 3 or 4 years. Hi Spencer, very informative post! The upshot is that I therefore had created a piece of software do the finding for me! I then found someone do build the graphics and sales page for it.
So for a grand total of bucks I have a great piece of software which finds some great bargains…….. Wow such an amazing story Spencer. I am glad you shared this story with us. Software business seems to be the way to go.
I am glad I made that decision to get it. I do not know who can top this product! Spencer, I was one of the customers that bought Long Tail Pro through that promotion. I never purchased the version of Long Tail Pro with the monthly subscription, but I did buy Long Tail Classroom and I follow your blog as a result of coming across that offer.
Thank for sharing this wonderful experience. It is a very inspire story. I did read your blog above but need some more guidance. I was wondering if you could email me if possible. Well done on your hard work paying off so well. Congrats on your success and best of luck with the other ongoing projects! Great insights Spencer!!!
Thanks for sharing your journey on software and blogging, it is inspirational and motivating to read the success story of a fellow entrepreneur. Wow, those are some amazing numbers! What an inspiring story. Longtailpro is a wonderful product, i still use it regularly till this day.
Thanks for sharing with us. Very impressive figures you got there. Long-tail Pro is really good in helping me finding niche markets, and potential traffic source that I can easily rank high on search engine. You are a great inspiration to me and others here I am sure.
Thank you for posting the stories of your internet marketing episodes. They are very motivating for us to read. That is too much money in too little time man! Impressive I must say. After seeing such exploits, I get inspired and pumped! It is good to know that you achieved such an impressive feat selling a software despite not being a programmer! Nice strategy of yours to hire programmers and move on with your dream.
Thanks for sharing your story of how you got to a rocking start by making use of affiliates. It gave me lots of new idea on how to deal with such aspects. Fortunately, there was a solid product behind, which is not always the case with the JV best sellers. We are very proud of it and the sales we generate, but we look for an experimented affiliate like Mark to join us and make it a JV hit.
Your sock business example really puts things into perspective in the sense of what actually scales. This post has really gotten me interested I software development. This is a great case study on just how much opportunity is out there. What I didnt like though was the subject title. This is an inspiration to us all.
Fantastic post Spencer. It is inspiring to see how you have developed the product from scratch to be an established SEO application. Great case study Spencer! Kinda have my hands full. Way to go Spencer! Just need to find a way to get things done. This is a bit off topic, but wanted to ask anyway.
How true is this and is Google cracking down on PBNs? Excellent post Spencer! Very impressive results, and certainly makes the case for pursuing a software-related business. I just wish my LongTailPro software worked properly when I needed it to do so.
Send a support ticket to longtailpro. Spencer — this is inspiring! After reading this post I looked into a lot of your old stuff. At my stage I much prefer your old ways, for me, of building hundreds of MFA sites. Just wondering spencer; with googles increase in serp title synonym and LSI detection; is it still possible to easily rank these MFA sites on k info queries as you once did? I know with the right links everything is rankable, but is it so much harder that they are now not worth the PR links it would take?
Finding a good programmer is key. My questions are 1. Standard wordpress comments, akismet and cookies for comments for spam. We started on codebasehq. I hired someone for customer service; OS ticket. Thank you for sharing this. I especially like the recurring revenue in your strategy. Spencer, this is amazing!! I really love LTP. And I even generate a few affiliate sales every now and then so glad I could add a few dollars to those reports as well.
I think my biggest fear with outsourcing is trust. I really need to get over that though. Like you said, you have to have several Skype calls, exchanges, etc.
Thanks for sharing this. Great article Spencer…thanks for being so authentic and transparent. You bring up some really great points…appreciate the great insight! Your blog is on the same, so you got many direct sales from that as well as some power affiliates who promotes it and you make more sales in count. I always wanted to hear your Long Tail side of the story.
I am glad you made it public at least now. Thank you. I have been wanting to launch something of my own like a standalone desktop based software. I may one day. Hey spencer do you have any keyword research tips on what to do; or other means to accurately gauge keyword competitiveness when sites are blocking crawlers?
Seeing PA 15 ranking for 60k medical query. Obviously looking at the other sites is a good way, but when half the sites in SERPs are doing this it make it very hard. That is tough if they are blocking crawlers.
Site age, pagerank, and content quality are going to be strong indicators as well. I too surprised on seeing the figures. Its too much as for 20 days. After reading the full story, what I found is, its not the software that made the money for the author, its the idea that helped to put in real scenario to provide something that is unavailable before.
Anyways, it was an inspirational story too. Earning money online is relatively easier than working actively, as long as you know what you are good at and are willing to be persistent enough. You do not need much to begin the process as everything you need is online. All you need is a computer with good internet connection and you are good to go. You will, however, require a lot of patience, hard work and persistence so as to start reaping the benefits but in the long run it is far much more beneficial than working for someone.
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Your earnings fully depend on how much expertise you have and how willing you are to work. This means that you get value for your time and effort as opposed to working in an office for a fixed salary at the end of the month.
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