Aug
26

My #1 Internet Business Idea

People often want to know where to start when it comes to starting a business online. I mean the options are truly unlimited. If you have read about the Prosperly Way then you know that I like to create internet businesses that run themselves. I try to automate as much as I can so that it takes as little time to run as possible. If I help you start an internet business that takes you 60 hours a week to run then I really haven’t helped you.

So the internet business model that I recommend first and foremost is to start a reviews website.

Start A Review Website

This is the internet business model that I have had the most success with. This is where I pick a very specific niche and then write reviews for every product (I hire a writer, I don’t write them myself) that is out there in that niche. I then have links to buy the products we have reviewed which are affiliate links so we get paid for every sale we send them.

For example, if I owned a DVD reviews website I would review every new DVD that came out. I then would have affiliate links from Amazon or another DVD store telling people to go buy the movie I am reviewing. Anytime someone buys one of the DVD’s from Amazon, I would get paid a percentage.

If you find the right industry you can quickly make an impact in search engine rankings and start making money very quickly. A good example of this is from one of the websites I started back in 2007. I knew the industry wasn’t very SEO savvy but there was a lot of money being thrown around in the industry.

I hired a copywriter to add at least one review a day to the site and after 6 months the site was making $15,000 a month in affiliate sales. Now keep in mind that I was also doing a lot of link building for the site getting good quality one way links and the site was optimized properly for the search engines.

By that point we were ranking on page one of Google for almost every product we reviewed and we also were dominating the search engines for the more general terms in the industry. I had companies in that industry contacting me and offering me a ton of money to help them achieve the same kind of results.

I was pleasantly surprised with these results in such a short amount of time. Even after having optimized hundreds of websites over the years I didn’t expect to see such dramatic results so quickly.

This internet model is good because as you write (or hire someone to write) reviews for the products in your industry you are constantly adding fresh new content to your website. These reviews need to be high quality good reviews. Visitors see right through junk. This will also help you achieve higher search engine rankings and thus more traffic to your website because of the quality original content being added.

So choose an industry you like and start a review website. Try to find an industry that isn’t over saturated with review sites out there already.

Word of advice: When you sign up for affiliate programs there are going to be some products you can make more money on than others. This will motivate you to recommend these higher paying products over other products you review. This is a normal and effective practice.

What you need to avoid is being overly critical of other products you review just to make the one you want to push look better. There is no need to do this. It just makes you look bad. If you offer good quality in depth reviews people will trust your recommendations. Be fair in your reviews and don’t bash other peoples products unless they really are bash worthy. Most people are trying to put out a good quality product and some just do a better job than others.

I recently came across this website that sells a Wordpress Template specifically to run a Reviews website. For anyone that is new to web design and or Wordpress this is a quick and easy way to get a review site up and running.

Wordpress Review Website Plugin

Don’t think that you have to use that template to run a review website. I created my own template. Again, this is for newbies to the internet world that want a simple solution for real cheap.

Here is another good Prosperly internet business idea

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7 Comments

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Check this out for review sites:
WP Review Site Plugin

Dan Grossman • August 26, 2008

Hey Adam,
You just confirmed what I was starting to suspect. In fact, I had built product reviews (child-rearing and parenting related products directed towards fathers) as a feature page on my site. However, I’ve only written one review so far as I have been focused on getting the other sections going. I am VERY tempted now to renew my efforts on the product reviews section.

I also recommend looking into Commission Junction as it is a portal to many retailers affiliate programs and it might help find better commissions for the products you are reviewing than Amazon. If nothing else it would allow you to present an additional option.

Thanks for the tips and advice again!

Christian,

I wouldn’t recommend Commission Junction as it is a grind to make any real money. I would definitely stick to a product/niche that offers a decent percentage payout(i.e. 15-50%). I ran CJ for a bit and made about $2.00. Not exactly enough for a “paid vacation”.

Thanks Davy for the advice/warnings about Commission Junction.

The truth is that I have found a few gems in there for my parenting website. For example Sittercity.com which pays $40 per sign-up and offers a great service that I think I can “sell”. I wrote a review, now I will see if it returns something once I get some real traffic.

I am interested in any tips you might have on how to locate a product/niche with such a high payout. I mean do you just brainstorm and then research or is there some better location method?

Many Thanks,
Christian

One thing you can do is go to clickbank.com, they have thousands of affiliate programs and they will list them by category and payout.

Nice information that will help millions of people achieve their desire result from the internet.

Regards
Ben
http://www.princeben.org

I just spent alot of time and money creating a product for one of my sites, I thought it would never be finished. I do believe it will pay off in the end.

As for one of my other sites that needs its own product; I went ahead and looked at clickbank and found the exact product I was planning on creating with a 50% profit. Until I create my own item I will try to sell the clickbank product… and maybe it will show me that there is no point to making the procuct myself. Also, since reading this article, I just might change it into a review site and sell a diff item altogether.

We will see…

Thanks for all the info guys!

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