Which not commonly discussed industries are highly paid? Site rental model related

22 replies
Hi guys,

So I have 4 sites rented at around $300/m and have another 2-3 clients on the cards that will probably sign up with me in a short period of time.

I am slowly thinking of targeting some more competitive search terms, that are not necessarily confined to such a small area as I am currently working in. So I am talking about renting out a site targeting a much larger geographical region.

I also am interested in doing it for an industry which is very well paid or has huge potential for income, so that I can charge higher.

Things like personal injury lawyers who charge based on contingency are perfect examples. They can really make a lot of money off of one good client. Many thousands of dollars.

That's just a small example. Are there any more you guys know of and are able to share publically or even in a PM in exchange for perhaps something that I could help you with?

I am looking for a niche or industry to go after that perhaps won't be as targeted or difficult as personal injury lawyers but still has a lot of profit potential. It doesn't even need to be a service, it can be a product.

Any help welcomed and appreciated.
#commonly #discussed #highly #industries #model #paid #related #rental #site
  • Profile picture of the author RentItNow
    I think B&B, wedding related services, construction/renovation, architects, medical related (actually found one recently that has a potential customer life value in the hundreds of thousands) are just a few.

    Question though, if you are creating a good passive income from smaller niches now, why not just scale up? It could ultimately be easier than competing against bigger sites. You can scale sideways (literally) into other cities.
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  • Profile picture of the author krzysiek
    Hi RentItNow,

    Thanks a lot for your post. Some of those ideas I can tell are what I was looking for. If anyone has more to share then go for it, but that is a really good starting ground.

    I am doing well with the smaller towns here. It's not too hard but I am thinking on the meantime of working with the smaller towns I can get a few sites set up and ranking that I will eventually be able to lease out for a lot of money. So I will still be working with the smaller town areas too, but I want to mix it up and see if I can land myself some much higher value clients.
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  • Profile picture of the author KenL
    A new roof cost bucks. I recently had my small one car garage reroofed and it was $2300 and we're not even talking about the rest of the house. One job for a roofer can go over $10,000.
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  • Profile picture of the author redcell1
    Honestly, take what your doing and do it across more cities in your state or even out of state if your comfortable. As far as niches go you can literally get niches anywhere from the yellowpages, your local chamber of commerce to going down the street and seeing businesses.
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    • Profile picture of the author krzysiek
      Originally Posted by redcell1 View Post

      Honestly, take what your doing and do it across more cities in your state or even out of state if your comfortable. As far as niches go you can literally get niches anywhere from the yellowpages, your local chamber of commerce to going down the street and seeing businesses.
      Yep, I will still be doing what I am doing now, but at the same time I want to get some bigger clients. I am interested in securing some $1K/m clients but hopefully a fair but higher still.
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  • Profile picture of the author rolltide
    roofers are great clients...they spend $$$$$$$$$$$$$$
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  • Profile picture of the author link82
    krzysiek -- we should talk! I have a dentist paying me $1900 to promote him in two cities [includes ranking a couple of his videos and renting two of my websites]. I was trying to focus on other niches within my areas (like plumbers and electricians) but didn't have luck.

    So what did I do? I've decided to seek out other dentists in surrounding areas. Why? They definitely can make the money back with 1-2 new patients a month (not to mention, these patients will come back as long as they have a satisfactory client). I will try to rent out these sites for $1k/month.

    I bought a few EMDs in various cities around here and where I used to live. Purchased them mid January. I've built out over half of them. One is ranking bottom of page 1, rest on pages 2-4. I've now started backlinking (thank you Fiverr) and I expect a week or ten days to see a nice jump.

    So I know dentists aren't 'no competition' but all you have to do is research low competition areas or even medium competition areas and rank these sites.

    I could probably learn about ranking sites from you. Sounds like you are doing a great job.

    What type of clients are you already targeting? Why not try roofers? If I'm going to make the effort to rank something it may as well be a good niche + medium competition so it's a win-win for both. I get money, they get new clients
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  • Profile picture of the author somacorellc
    Search online or download an excel file with all the major business classification types.

    NAICS Search
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  • Profile picture of the author seomoney
    flower shops and florists.
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  • Profile picture of the author localvseo
    Adventure travel companies could be good. They spend money on marketing and probably less competitive than some other more popular niches. Things like helicopter rides, skydiving or custom backpacking tours.
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  • Profile picture of the author stranger11
    Think of people who are highly paid and don't really have much time or energy to do this themselves. People initially think of lawyers or dentists, but I say go for skilled trades. Plumbers, carpenters, pest control, people that fix things like air conditioners, refridgerators.
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    • Profile picture of the author Teez
      At the moment I would say

      exactly the tradesmen already mentioned in this thread but so I'm adding value before i ask my question ill also say that you should not forget that scaling sideways means ur doing something already successful in more cities

      For instance a lot of my friends are club promoters and promote nights here in the city.

      Now let me give you an example the moment the night is soo good you get people from Miami and New York talking about something that's buzzing in Boston then that's a sure fire sign saying '' please show us how to party like that too in our cities''

      This may even spark the idea that maybe you can get clubs as clients I've always thought about this idea but thing is then I don't think you can apply renting to clubs as such but I would be interested to hear what anyone has on this.


      Now for my Question :

      What Terms and Conditions/ Privacy policies are used, or is there a template that can I find for it.
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  • Profile picture of the author rugman
    Funny thing - I just checked roofers in a decent size area near me - almost none of them have claimed their GP listing!I also see these guys all over the place - roofingnetworks dot com/
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  • Profile picture of the author Seantrepreneur
    Seal-coat companies, gutter installation companies, Physical therapist, in home elderly care providers, Funeral homes, home builders, Tattoo artist, hot tub sales stores, granite contractors etc..

    Just take sometime to think about what costs a lot of money to have done or to buy and you should be able to make a list pretty quick.
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    • Profile picture of the author MRomeo09
      It's not just the price of the service it's the number of people looking for that service on a regular basis. I.e. there are a lot more people looking to get viruses off their computers today, versus people looking for basement waterproofing. Although one might be $100 transaction value, the other might be $50k however, traffic, potential customers is much lower in the basement case. They might only get a handful of new clients a year for the basements versus a handful of clients a day for the virus removal.

      So it's not just about the dollar value of the transaction but the number of possible clients in the pool searching the internet.

      Make sense?

      Marcos
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      • Profile picture of the author link82
        Originally Posted by MRomeo09 View Post

        It's not just the price of the service it's the number of people looking for that service on a regular basis. I.e. there are a lot more people looking to get viruses off their computers today, versus people looking for basement waterproofing. Although one might be $100 transaction value, the other might be $50k however, traffic, potential customers is much lower in the basement case. They might only get a handful of new clients a year for the basements versus a handful of clients a day for the virus removal.

        So it's not just about the dollar value of the transaction but the number of possible clients in the pool searching the internet.

        Make sense?

        Marcos
        Marcos, I am not sure I understand this properly. Even though basement waterproofing business may receive a 'few' clients from a site rental, as long as you charge reasonably, even $1k a month [$12k/year], they have more than made it back with 1 sale. Hopefully, you'll do a bit of research into the market as well to see what kind of numbers the site is receiving [& the Google keyword tool?]
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        • Profile picture of the author MRomeo09
          Well I used an extreme to be sure. What I was trying to point out was that the Basement waterproofing might make $150k a year off of webtraffic, but a computer repair business might make $150k a year as well because the traffic is order of magnitude's higher. So you can't just look at the transaction value, it's a lot more detailed than that. In fact I'd argue that the computer repair business is more likely to be the more profitable in the long run.

          Ok, keeping on with that same analogy. A basement waterproofing company might make $50k per transaction and get 3 transactions a year off of the internet. But these are one off sales, once you get your basement waterproofed what are the chances you'll be a repeat customer? So they could conceivably receive $150k a year forever.

          However with something like computer repair, provide good service and put an active referral system into place and that $150k a year you make in the first year is likely to bring you $250-300k in the second year. And even more by year three.

          So the problem is if you look at just transaction value you'd be missing out on the potential of the niche.

          There are 1.5M searches for computer repair monthly, and 110,000 searches for basement waterproofing. So almost 15 to 1 in traffic. You also have to consider the old standby's in internet marketing, where are the consumers in the buying cycle. My gut and years of experience tells me that most of the searches for computer repair are looking for a service, while many of the searches for basement waterproofing might be looking for a product. Make sense? So chances are the consumers are closer to handing you cash for computer repairs.

          Make sense?

          So you have to consider more than just transaction value it's really a combination of all of the following.
          • transaction value
          • traffic
          • lifetime value
          • repeat potential
          • buying cycle
          • consumer tendencies(i.e. some niches like "computer repair" they priceshop, dentistry they don't
          • are transactions initiated because of the internet(explained below)

          At least that has been my experience.

          Oh and one last thing, I have a client in the architectural interior design field, and they have a very large transaction value around $100k, yet almost no business comes from the internet so being #1 is of very little use to them. They design basically clubhouses for apartment complexes, it's all word of mouth. It's a $15M a year company. They need a website, but it's kind of irrelevant in the grand scheme of how they acquire business. So yes high transaction value, internet presence close to worthless.

          Marcos
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  • Profile picture of the author link82
    Re-reading that, it makes sense Marcos. You are talking about which type of consumer [niche-wise] is ready to spend their precious dollars, regardless of how big the transaction may or may not be...

    krzysiek -- have you launched any new sites?
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  • Profile picture of the author RichardDin
    real estate
    online education
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  • Profile picture of the author Cashflowlife
    Originally Posted by krzysiek View Post

    Hi guys,

    So I have 4 sites rented at around $300/m and have another 2-3 clients on the cards that will probably sign up with me in a short period of time.

    I am slowly thinking of targeting some more competitive search terms, that are not necessarily confined to such a small area as I am currently working in. So I am talking about renting out a site targeting a much larger geographical region.

    I also am interested in doing it for an industry which is very well paid or has huge potential for income, so that I can charge higher.

    Things like personal injury lawyers who charge based on contingency are perfect examples. They can really make a lot of money off of one good client. Many thousands of dollars.

    That's just a small example. Are there any more you guys know of and are able to share publically or even in a PM in exchange for perhaps something that I could help you with?

    I am looking for a niche or industry to go after that perhaps won't be as targeted or difficult as personal injury lawyers but still has a lot of profit potential. It doesn't even need to be a service, it can be a product.

    Any help welcomed and appreciated.
    Nice krzysiek, question for you.

    I saw that you have 4 sites rented at $300 per.

    I am curious if you have the calls going to your own number so you can track it, or if you are instead posting the renters info?

    I created a stable of plumbersincity.com sites with a dedicated virtual # for each one, many are now ranked 1st page and I was about to call clients to rent them. Thing is, not one lead phone call has come in, and I just feel like crap renting something that is not actually producing calls, I just cannot bring myself to do it.

    Any help here?
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    • Profile picture of the author Stranger Danger
      Originally Posted by cbizweb View Post

      I created a stable of plumbersincity.com sites with a dedicated virtual # for each one, many are now ranked 1st page and I was about to call clients to rent them. Thing is, not one lead phone call has come in, and I just feel like crap renting something that is not actually producing calls, I just cannot bring myself to do it.

      Any help here?
      -Target more keywords. Look here. If that doesn't work, as Mr. McPherson says, throw adsense on it and move on to another niche.

      Depending on the niche (e.g. insurance niche), you could set up a pretty lucrative affiliate site for leads.
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  • Profile picture of the author Clifton2012
    Banned
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    • Profile picture of the author Simoshere
      Originally Posted by Clifton2012 View Post

      OMG YES!!! This is gonna be epic!! Nice find
      What is gonna be epic? you, my friend are just spamming.
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