How to 80/20 money making online?

28 replies
Hey everyone.

Ok, So I have been trying to make money online for a couple of years, I have built 2 different websites in 2 different niches. I've have spent almost everyday adding top content, building quality backlinks and trying to build social networks.I am ranked well for good key words and get ok traffic but so far I'm only making about $5 per month from ad sense. So I'm clearly not going about making money online in the right way.

So personally I'm a big fan of Tim Ferris and he's always on about using "Pareto 80/20 principle" for eveything.

So my question is what is the 80/20 for making money online?

Who are the people that are really making 6 figures or more online and what are they doing?
#80 or 20 #making #money #online
  • Profile picture of the author Jeannie Crabtree
    List building is important to continue building your bank account. With adsense, you are getting one time visitors and are hanging by a thread when it comes to Google's whims.

    Build a list and you have something independent of search engines that you can treat well, build a relationship with and sell a number of things over time.
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  • Profile picture of the author mmoltc
    Is it possible for me to view your site it would help with suggestions
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    • Profile picture of the author Steve B
      RunDotRun,

      Your site is not set up to make more than a piddling of income.

      How much do you make from Adsense? Not much I'm sure. Why? Because you are only getting paid a few pennies commission when someone clicks away from your site. Is that what you want? You're working hard to get site visitors and then you send them away for a few cents. That's not a recipe for making six figures online, is it?

      You maybe get a few bucks when you sell a mug or T-shirt. But again, how much of that stuff do you need to sell to crack six figures?

      How else do you make money, presently, on your site?

      Do you see what I'm getting at? You've got to be selling things that consistently bring you $25-$100 per sale.

      Create your own products (or have them outsourced) so you can profit from your hobby.

      Or start a membership site for trail bikers. Charge them $10/month to join and then give them your great content once they're a member. Make your offer irresistible and put it in front of fanatic trail bikers. Set a goal to add 100 members a month - should be fairly easy if you do it right. Once you have 833 subscribers you're making six figures!

      The key is to stop wasting your time making pennies. Focus on selling something of real value that people will gladly buy.

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

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      • Profile picture of the author RunDotRun
        Your site is not set up to make more than a piddling of income.

        How much do you make from Adsense? Not much I'm sure. Why? Because you are only getting paid a few pennies commission when someone clicks away from your site. Is that what you want? You're working hard to get site visitors and then you send them away for a few cents. That's not a recipe for making six figures online, is it?

        You maybe get a few bucks when you sell a mug or T-shirt. But again, how much of that stuff do you need to sell to crack six figures?

        How else do you make money, presently, on your site?

        Do you see what I'm getting at? You've got to be selling things that consistently bring you $25-$100 per sale.

        Create your own products (or have them outsourced) so you can profit from your hobby.

        Or start a membership site for trail bikers. Charge them $10/month to join and then give them your great content once they're a member. Make your offer irresistible and put it in front of fanatic trail bikers. Set a goal to add 100 members a month - should be fairly easy if you do it right. Once you have 833 subscribers you're making six figures!

        The key is to stop wasting your time making pennies. Focus on selling something of real value that people will gladly buy.

        Steve
        Hi Steve,

        Thanks A lot for taking some time to respond to my post, Its really made me think in a different way. So your saying I need to create a quality product / or service, Instead of just trying to rely on the Adsense which earns almost nothing. Do you have any suggestions on where to get some inspiration on creating a product?
        Again many Thanks for your response.
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        • Profile picture of the author Steve B
          Originally Posted by RunDotRun View Post

          Do you have any suggestions on where to get some inspiration on creating a product?
          RunDotRun,

          The best place to get some inspiration about a product or service is from your loyal subscribers. Hopefully, you're growing a subscriber list (or you should start doing that immediately). Your customers will tell you what they want if you ask them. Look for problems they are having, things they don't know how to do, "pain" points (what keeps them from having the best possible experience in the niche), and other possible "hang ups" they have that you can help them overcome. I don't know anything about your niche, but you can be seen as the "go to guy" (the niche authority) if you will help your customers to solve their problems.

          Another way to find potentially winning products is to visit niche forums and see what the conversations are about. If you will take the time to learn where the niche problems are, and help your customers to solve those problems, they in turn will provide you with a great income!

          Steve
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      • Profile picture of the author dewayneboyd
        Originally Posted by Steve B View Post

        RunDotRun,

        Your site is not set up to make more than a piddling of income.

        How much do you make from Adsense? Not much I'm sure. Why? Because you are only getting paid a few pennies commission when someone clicks away from your site. Is that what you want? You're working hard to get site visitors and then you send them away for a few cents. That's not a recipe for making six figures online, is it?

        You maybe get a few bucks when you sell a mug or T-shirt. But again, how much of that stuff do you need to sell to crack six figures?

        How else do you make money, presently, on your site?

        Do you see what I'm getting at? You've got to be selling things that consistently bring you $25-$100 per sale.

        Create your own products (or have them outsourced) so you can profit from your hobby.

        Or start a membership site for trail bikers. Charge them $10/month to join and then give them your great content once they're a member. Make your offer irresistible and put it in front of fanatic trail bikers. Set a goal to add 100 members a month - should be fairly easy if you do it right. Once you have 833 subscribers you're making six figures!

        The key is to stop wasting your time making pennies. Focus on selling something of real value that people will gladly buy.

        Steve
        There is a difference between targeted buyers and general enthusiast traffic. He is targeting enthusiasts looking for bike trails, not targeted buyers of a specific product. AdSense is perfect for this type of site. The probable issue is that he's simply not getting enough traffic. If you don't have the traffic, it doesn't matter how you are monetizing. You just aren't going to make money.

        The problem with so many people in the make-money business is they want to create a website with 10 pages or whatever and then sit back and roll in the dough. Marketing products have given them unrealistic expectations. In most cases, it's simply a lack of content that is holding people back. That's probably the case here, too.

        An example is eHow. How do they make money? Well, it's not hard to do when you have 3 million articles. A person working from home isn't going to have 3 million articles. But they certainly need more than 10 or 20.
        Signature

        1,574,810 unique visitors and counting. And that's just one of my websites.

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        • Profile picture of the author RunDotRun
          There is a difference between targeted buyers and general enthusiast traffic. He is targeting enthusiasts looking for bike trails, not targeted buyers of a specific product. AdSense is perfect for this type of site. The probable issue is that he's simply not getting enough traffic. If you don't have the traffic, it doesn't matter how you are monetizing. You just aren't going to make money.

          The problem with so many people in the make-money business is they want to create a website with 10 pages or whatever and then sit back and roll in the dough. Marketing products have given them unrealistic expectations. In most cases, it's simply a lack of content that is holding people back. That's probably the case here, too.

          An example is eHow. How do they make money? Well, it's not hard to do when you have 3 million articles. A person working from home isn't going to have 3 million articles. But they certainly need more than 10 or 20.
          I think your right, I only have around 100 articles, I guess if I keep on working i should get better results, its just hard to stay motived because I have been working on it for over 6 months.
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        • Profile picture of the author Jeffery Moss
          Why aren't you selling ad space to other site owners? Relying on Adsense can be a losing proposition if your traffic is low or your visitors rarely click through ads.

          Originally Posted by dewayneboyd View Post

          The problem with so many people in the make-money business is they want to create a website with 10 pages or whatever and then sit back and roll in the dough. Marketing products have given them unrealistic expectations. In most cases, it's simply a lack of content that is holding people back. That's probably the case here, too.

          An example is eHow. How do they make money? Well, it's not hard to do when you have 3 million articles. A person working from home isn't going to have 3 million articles. But they certainly need more than 10 or 20.
          Every page is a chance to earn more considering how you can place Adsense ads there.
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    • Profile picture of the author RunDotRun
      Is it possible for me to view your site it would help with suggestions
      Thank you for your repsonce, I have two sites one is one Childhood disorder: Rad Children is to help people dealing with childhood disorders and the other is on a subject that i'm passionate about : MTB News | MTB Trail Building | Seeking Out The Best Trails In The World | Mountain Bike Magazine - Finding the best trails in the world
      Any tips or advice would be greatly appreciated, Regards
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      • Profile picture of the author dewayneboyd
        Originally Posted by RunDotRun View Post

        Thank you for your repsonce, I have two sites one is one Childhood disorder: Rad Children is to help people dealing with childhood disorders and the other is on a subject that i'm passionate about : MTB News | MTB Trail Building | Seeking Out The Best Trails In The World | Mountain Bike Magazine - Finding the best trails in the world
        Any tips or advice would be greatly appreciated, Regards
        How many page views are you getting daily on average?
        Signature

        1,574,810 unique visitors and counting. And that's just one of my websites.

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        • Profile picture of the author RunDotRun
          How many page views are you getting daily on average?
          Normally between 2-300 per day, Thank you for taking a look
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          • Profile picture of the author dewayneboyd
            Originally Posted by RunDotRun View Post

            Normally between 2-300 per day, Thank you for taking a look
            While certainly not a lot of traffic, you should be making a lot more money than what you are making.

            Google the phrase "Google AdSense heatmap." You will find that your ads are in some of the worst spots you can put them. The heatmap will also show you where to put them.
            Signature

            1,574,810 unique visitors and counting. And that's just one of my websites.

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      • Profile picture of the author clever7
        Originally Posted by RunDotRun View Post

        Thank you for your repsonce, I have two sites one is one Childhood disorder: Rad Children is to help people dealing with childhood disorders and the other is on a subject that i'm passionate about : MTB News | MTB Trail Building | Seeking Out The Best Trails In The World | Mountain Bike Magazine - Finding the best trails in the world
        Any tips or advice would be greatly appreciated, Regards
        I opened your first website and I read your words. You need an editor and you have to be serious. You don't inspire confidence. Who are you? Why should I trust the information I find at your website?

        You don't even define your subject.

        You are asking for articles from readers sharing their experiences, while your website doesn’t seem to be serious. I wouldn’t spend my time there.

        If my child had such problem I would look for information given by doctors. You may have something to say about this matter, but your competitors are stronger than you. You have no chances to find an audience in this niche. This is my opinion and I’m a doctor. Reactive attachment disorder is a serious behavioral abnormality generated by traumatic experiences.

        When you deal with mental disorders you have to be careful and you have to be trusted. It would be better for you if you would collect interesting information about this matter and post other people’s links. This is a method that many internet marketers are using.

        Collect the best information about this matter existent online, so that you may attract people who like to compare the information given by different doctors about the same problem.
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  • Profile picture of the author TerryX
    I'm also a big fan of the 80/20 rule, find it works on all aspects of life and business. For me I ask myself how to find that "sweet spot" where I get the most of the energy I put into something. That question keeps me going forward with new and improved methods and often time saving techniques. Find myself no longer chasing unnecessary things and able to focus on the task at hand as long as I keep asking myself that question.
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  • Profile picture of the author WillR
    Originally Posted by RunDotRun View Post

    Hey everyone.

    Ok, So I have been trying to make money online for a couple of years, I have built 2 different websites in 2 different niches. I've have spent almost everyday adding top content, building quality backlinks and trying to build social networks.I am ranked well for good key words and get ok traffic but so far I'm only making about $5 per month from ad sense. So I'm clearly not going about making money online in the right way.

    So personally I'm a big fan of Tim Ferris and he's always on about using "Pareto 80/20 principle" for eveything.

    So my question is what is the 80/20 for making money online?

    Who are the people that are really making 6 figures or more online and what are they doing?
    The 80% of people making no money are BUYING products and opportunities.

    The 20% of people making money are SELLING products and opportunities.

    You can either be the person paying the money or the person taking the money. You can either be a vendor or a consumer. Which one do you want to be?
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  • Profile picture of the author garyt
    The 80/20 for making money online?

    You won't know what the 20% is until you try and test different methods. Once you find out what works (the 20%), then you put 80% of your resources (time & money) on the 20% that worked.

    It is different for different people. Find your special spot (sweet spot) and scale it up.
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  • Profile picture of the author retsced
    Originally Posted by RunDotRun View Post

    Hey everyone.

    Ok, So I have been trying to make money online for a couple of years, I have built 2 different websites in 2 different niches. I've have spent almost everyday adding top content, building quality backlinks and trying to build social networks.I am ranked well for good key words and get ok traffic but so far I'm only making about $5 per month from ad sense. So I'm clearly not going about making money online in the right way.

    So personally I'm a big fan of Tim Ferris and he's always on about using "Pareto 80/20 principle" for eveything.

    So my question is what is the 80/20 for making money online?

    Who are the people that are really making 6 figures or more online and what are they doing?
    Using the Pareto Principle for you, is to understand that you're splitting your time between 2 websites that are not making you any money. Trim the fat. Find better use of your time, focus and energy.
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    • Profile picture of the author CharlesL
      Originally Posted by retsced View Post

      Using the Pareto Principle for you, is to understand that you're splitting your time between 2 websites that are not making you any money. Trim the fat. Find better use of your time, focus and energy.
      I agree with this. I said something similar to someone in another thread who had also been working in IM for quite a long time yet seen negligible results. You can't focus on the part of your business that's working when none of it works. So, try something else.
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  • Profile picture of the author TiffanyLambert
    Build that infamous "multiple streams of income" and you might see Adsense as a topping. Not saying others don't make bank - just maybe for you it will be a topping.

    Would you rather make $0.75 for a click on an ad or even $3.50? Or sell an eBook and make $67? Or promote as an affiliate and make $37? Or do services and make $100 or whatever?

    Build a business based on how you want to serve and help people, not based on a niche and keyword volume or ranking possibilities.

    Tiff
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  • Profile picture of the author MadeofSEO
    In my opinion you can't control 80/20 principle in the beginning, it just happens. Let's say that you make 10 websites, then comes the time when 2 websites are giving you 80% of your income while other 8 only 20% of income and they take a lot of your time. Then you can concentrate on those 2 websites and that's how it works.

    In your case you don't have a stable income or I should say you don't have income at all. So now instead of thinking about Pareto principle, just try to increase your income with those existing websites or build few new ones.
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    • Profile picture of the author Devid Farah
      Everything they are doing online is on a much bigger scale you are using.

      Many successful online entrepreneurs are using social media to get ahead but that still doesn't account for the amount of money they are making.

      80/20 system aside, you have to scale up your operations first.

      If you look closely at the 80/20 system, you will see that is does make a lot of sense, just not for smaller start-ups.

      Make the most of what you have and grow it.

      Outsource what you can't do so that when you are sitting back looking at your business, it won't look anything like what you envisioned a short time ago.
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  • Profile picture of the author cyberzolo
    Sign up for the bluehost affiliate program. You get $65 per sign up. That is way better than a few pennies from adsense.
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  • Profile picture of the author tretheraider
    Have you thought about making a info based product for your child disorder website?

    Trail mecca has tons of potential imo.

    -Travis
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    • Profile picture of the author honestim
      Hi,

      I will try and share some of my personal experiences with you. Some time ago I had a website in the "calligraphy" niche that was getting around 1000+ visitors a day. And those are not page views those are unique visitors. I was earning a nice $15 to $20 Adsense income per day and since it was happening without me lifting a finger I felt invincible and thought I had one income channel going for me for the rest of my life. I was so wrong. Google animals hit my website and the traffic went down to 150 per day overnight. Income went back $.30 to $1.5 per day. That hurt! In desperation I took the link of one of the few digital products available in my niche and slapped it on 10 top traffic pages on the website. With the traffic I was getting (about 150 per day) I was making a sale every other day. So that's like $29 in two days. Just imagine had I been a little more savvy and monetized when I was getting 1000 visitors a day what would have been my income from the website...

      That's my personal story. Here are the learning

      1) It's never too early to monetize.
      2) No traffic source is perennial.
      3) It's as easy or difficult to sell a $67 product as easy or difficult it is to sell a $7 product. So it boils down to what your financial goals are and how you would like to go about it.

      Hope that helps

      Best
      HonestIM
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  • Profile picture of the author emory27
    Start focusing on more buyer oriented traffic, and work on getting you conversions up. You have enough traffic to be making some ok money from this website. The topic lends to all sorts of great products. The idea is to bring in people who want to buy something, not people looking for info. Once that happens you may want to remove the adsense ads all together. Giving people an exit point that only pays a few cents is not a good thing.

    I was at one point making thousands with adsense. for the last few years I have focused on local SEO services and have been able to grow a very nice business. The good news is that there are 1000 ways to make money online.
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  • Profile picture of the author finne
    You must have a good amount of knowledge about your niche.
    So start writing an ebook about it. Place it promenently on your page and market it on other pages.
    This will be your own product.
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  • Profile picture of the author xallever
    If you yourself are an enthusiast, won't you end up with some excellent reviews for certain products anyway?

    You can definitely at least leverage on Amazon I would think, so that you could be selling their products directly in your site and you earn commissions from Amazon right away.

    How to find out which are the good products to promote/review/sell? Check on the best-selling products in that particular niche in Amazon of course! The information is already provided for you.
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  • Profile picture of the author John J M
    I will admit that my experience (personal and with close friends) has been similar to yours in trying to build up revenue only with a website.

    In order to really make more and work less, you have to expand. Some of the suggestions here have been great, especially about list building and selling related info/affiliate products.

    It might not also be a bad idea to look into longer-term models of making money online like Kindle. You would be able to make extra money and create more lead sources to your site via the books. I'm working with a client right now who is doing just that. Again, just keep thinking outside the box.
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