Beginner question for experienced warriors about niche website

11 replies
Hello everyone,

This is my first post on this forum I'm currently doing some market research on 2 niches that I'm really interested in to build my first authority website. I never made money with a website on my own before but I'm highly motivated to get one running and monetize it. I think it is great way to build a passive income.

My goal is obviously to monetize this site asap. I'm ready to work hard to achieve this and I currently hesitate between two different ways of building the site:

1-Doing the most things by myself (writing articles, creating the website design, working on SEO, traffic) with a minimal budget for a domain name and web hosting. Once I will get a income from it, I could reinvest everything to get more quality content and traffic until I'm satisfied with the result and the income it generate. It will takes a lot of efforts and time from myself to get it running but the cost will be ridiculously low and this would practically eliminate any financial risk in case of failure (at the exception of the time invested in the project of course).

2-Outsource everything I can (content creation, website design and basic SEO) on platforms like elance and odesk. I guess this way I could get results faster and this will allow me to concentrate my energy on conversion and to get more traffic on the site. This way will required less time but more starting capital.

My question is which one of these 2 options would you recommend to me for starting my first website and why?

Also, in case you recommend option number 2, what would be a reasonable starting budget to outsource most of the things according to you?

1-200-300$ should be enough

2-At least 500$

3-Between 500$ and 1k

4-Over 1k


Thank you guys and I'm looking forward to read all your answers.
#beginner #experienced #niche #question #warriors #website
  • Profile picture of the author RogueOne
    You will get wildly different opinions on this.

    I started by option #1 and still rarely outsource anything. I'm the kind of person who has to have a certain level of quality and just have not found it with VAs.

    If you can find quality help then it is a matter of the value of your time. Is it better to pay someone $5 for something that would take an hour of your time that may be better spent on something else?

    Ambiguous answer: a little of both #1 and #2.
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by CaptainHarlock View Post

    I never made money with a website on my own before but I'm highly motivated to get one running and monetize it. I think it is great way to build a passive income.
    I've always found it very much more "active" than "passive", myself.

    Originally Posted by CaptainHarlock View Post

    My question is which one of these 2 options would you recommend to me for starting my first website and why?
    I recommend not outsourcing, at the start. So that you can learn how to do things and get more reliable results and develop skills, and avoid some of the mistakes I made when I first started. Outsourcing is a difficult skill-set all of its own. It's far easier to outsouce things you can do, and have experience of doing successfully, than other things. The more you outsource at the start, the less you learn.
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  • Profile picture of the author writeaway
    Sorry to be blunt, but you should lose the 'make money asap' mentality. It will only lead to disappointment. As for your course of action, I would go with neither. Instead, I would spend a month or two writing a business plan and cover everything. Once I have a clear idea, I will execute by doing as much by myself at first then maybe outsourcing once I know what to expect realistically.
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    • Profile picture of the author CaptainHarlock
      Thanks again for all your answers

      Originally Posted by writeaway View Post

      Sorry to be blunt, but you should lose the 'make money asap' mentality. It will only lead to disappointment. As for your course of action, I would go with neither. Instead, I would spend a month or two writing a business plan and cover everything. Once I have a clear idea, I will execute by doing as much by myself at first then maybe outsourcing once I know what to expect realistically.
      FWIW I don't have high expectation of profit in the first few months but I keep hoping to make a decent income by the end of my first year of operation. The kind of website I want and how it will works are perfectly clear in my mind. What I'm trying to figure out at the moment is what will be the best way for me to build it.

      I don't know if it is a common practice to make a business plan for a simple niche website but I guess it could not hurt

      I would very appreciate if someone could provide me a sample of a business plan for the same kind of project...
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      • Profile picture of the author writeaway
        Some people might find the idea of a business plan for a 'simple niche site' impractical but you need as much precaution against failure as possible. People might think they have an idea all figured out, but when things start to get rough, they lose motivation and fail. The Internet is filled with the carcasses of 'good ideas.' It is better to have a solid plan first before you execute. If you fail to plan, you are planning to fail.Do not get carried away by what you may have heard-IM is a serious business. It is a serious test of resolve and personal character. Easy money mentalities only lead people into unrealistic expectations that yield disappointment or they risk becoming the ATMs of those that prey on such mentalities.

        You can find many biz plan templates online. Many are free.

        Remember: with the right plan and mindset, you can be unstoppable. I wish you much success.

        Originally Posted by CaptainHarlock View Post

        Thanks again for all your answers



        FWIW I don't have high expectation of profit in the first few months but I keep hoping to make a decent income by the end of my first year of operation. The kind of website I want and how it will works are perfectly clear in my mind. What I'm trying to figure out at the moment is what will be the best way for me to build it.

        I don't know if it is a common practice to make a business plan for a simple niche website but I guess it could not hurt

        I would very appreciate if someone could provide me a sample of a business plan for the same kind of project...
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    • Profile picture of the author Steve B
      Originally Posted by writeaway View Post

      I would spend a month or two writing a business plan and cover everything.
      Why?

      Writeaway, I'm sorry but this will kill anyone's ambition for starting a new business. This entrepreneur is not approaching angel investor's asking for a million dollars.

      Write a business plan . . . Yes. But for a small niche site like we're talking here, that should take all of maybe 30 minutes. You're not trying to impress anyone. The business plan is for you. It's to help you focus on who you are, where you are, where you want to be, and how you'll get there.

      It's not a static document so it doesn't have to be lengthy or perfect right out of the gate. In addition, a small niche online business plan doesn't have to have all the pro formas, income projections, employee and staffing plan, references, and lots of other categories that a standard full blown plan would have.

      You should focus on the marketing portion of a regular plan. Call it a marketing plan if you like.

      Here's one example of a short and to-the-point marketing plan that should work well for any small online business.

      Quick Marketing Plan

      I've been helping small businesses in the real world for many, many years and I can tell you that this is all you need for what you're doing.

      Good luck,

      Steve
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      Steve Browne, online business strategies, tips, guidance, and resources
      SteveBrowneDirect

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  • Profile picture of the author website design
    Expect to loose money to start - there is no quick way to big dollars on the internet. Take your time and start doing everything yoursself. As you get a skill set under your belt then figure out the best way to outsource and keep the same or better quality. Then move onto the next thing to try. Design and content are easy to get the basics - outsourcing seo is a waste of money, if you don't know what you're doing people will take advantage of you - getting qualified traffic is the hard part - hardest part is making money especially off of ads - more money in lead generation and affiliate sales
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  • Profile picture of the author Thriftypreneur
    For #1:

    This is what I'm doing in my case study, and aside from the immense amount of time it requires, you can get a good site up and running with $20 bucks or less.

    Outsourcing content is the greatest time-saver, as the rest of the site design and setup can be done in a few days. But, the content of your site is also the most important aspect of any authority site. If you have crap content, your design/seo/etc doesn't really matter.

    If you really want to give your site a chance to succeed, you need to be extremely knowledgeable about your niche and write the content yourself, to maintain a high quality standard, or hire an expert in the niche to create your content. Hiring an expert leads us to #2.

    For #2:

    Outsourcing everything leaves you as a project manager for the site and can be a good way to go if you have prior experience (which you said you don't have). As an inexperienced webmaster, you're going to have a hard time gauging what is quality and what isn't, and whether or not you're getting the most bang for your buck. Particularly with the writing aspect, as I eluded to earlier.

    If you're planning on hiring an expert to write articles for your site, depending on the niche and the level of expertise and quality you're shooting for, you should expect to pay, at minimum, $20-$30 per 700-1000 word article. Going by this rate, you would need $600 for 20 articles alone. Not even counting outsourcing any site design, SEO, stock images or custom graphics (like a logo etc).

    So, as for your question, if you're planning on outsourcing a high-quality authority site with little prior experience, I would budget over $1500 and expect to lose quite a bit through the outsourcing learning curve.

    I guess this post is a long way of saying, I recommend doing it yourself and gaining first-hand experience. This will help you save money, teach you skills that will aid you in managing your site, and make outsourcing easier in the future. Good luck.
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  • Profile picture of the author hustlinsmoke
    Just do it, you don't need any money except for the domain name and hosting at first. Use wordpress and learn at your own pace. As you learn and think you need something come back here and ask if you need it, we will be blunt and tell you the truth, unless we sell what you ask lol.

    You can spend some money later.

    All this makes no difference though depending on your niche. You may want to rank for the words "weight loss" then I would say make it a hobby, so unless I knew what niche you were talking about and it would have to be a small sub niche or micro niche for me to be positive about it.
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  • Profile picture of the author Victor Edson
    Steve is right.. Put a plan of action together how you'll accomplish your goals, but dont spend months on it. In the beginning, use the chance to learn as much as you can, you seem to have the right mindset going in.

    If you don't care to learn design, hire A FEW sellers from fiverr or some.where cheap to do a logo and you'll be gtg.
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  • Profile picture of the author JasonBennet
    Many people will have different opinions on the things that you can do. For me personally, I will invest the money into getting my squeeze page up so that I can start growing my own list of subscribers. Once you have invested the money monthly on getting the squeeze page up, I will be focusing the rest of the time on traffic generation activities that will get people to come to the website.

    If you have extra budget, you will want to first decide on the method that you plan to use and then just focus on it. You can either outsource the content creation and pay people to help you submit. Or you can use paid method like PPC or banner advertising.

    This is what I will do personally.
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