Yesterday I made a promise to myself that I would do WHATEVER it takes to establish an income stream from the internet by 31st December 2010. Whether it generates $1 a week or $1,000 a week is not important at this stage; to start with I just want to get to the point where I am actually creating income however small.
A bit of background information on myself: I am 23 years of age and currently in my second-last year of a finance and law double degree. Recently after an extensive period of self-questioning, I have decided that I do not want to follow convention and become a corporate zombie working 60 hour weeks for minimal pay. I reference Tim Ferris here and the crucial distinction between absolute and relative income he elaborated on in 4HWW. I guess before I enrolled at University I did not quite realise the harsh reality of my two possible future careers and the incredibly long working hours that would await me.
I always felt that I had an entrepreneurial spirit and for that fact I am excited by the prospect of creating my own money on my own terms. Right now I have several ideas swimming in my head and I want to ask you guys for some help on what would work best.
A lot of the posts on this forum are concerned with making money through affillate marketing, not so much on actually creating the products that are marketed. After I looked at many of the offerings on ClickBank for a few of the niches that I have selected I was not really impressed by the products to be honest. As such, I do not feel as if I should be selling the products to customers when I do not believe in them myself. Instead, I feel I would do a better job in creating my own eBook and selling that to the potential customers in my niche.
Where do I go from here? Should I also be concerned about creating a blog and increasing the readership so as to be able to promote my product down the track? I really don’t want to write articles every day, I kind of just want to create a self-contained product and let the sales go from there. I understand that affiliate marketing is popular; but is there any benefit from trying to market the product by yourself first, then if needed expanding out to affiliates if you aren’t doing a good job? I am just thinking about having to pay commission; I realise that its good to get exposure in as many avenues as possible but in another sense I don’t want to try to compete with affiliates in marketing my product, getting PPC ads, a high google rank, etc.
A lot of the MMO products I have read have stressed the importance of creating a blog, using SEO techniques, increasing readership, establishing an email list, using PPC, and so on. Should I really be dedicating my time to understand this or should I just be concerned on creating VALUE for customers in my niche (by creating a quality product) and let it all go from there?