Welcome to PFI and the weekly updates – The Sniper Site Edition. Just this past week, my friend Dusty over at Chasing The Bull started posting daily updates about his passive income status. He is doing this to hold himself accountable and stay on track with his empire creation. I think this is a great idea and look forward to staying up to date on his status.
One of the passive income streams that Dusty is working to build are sniper sites. Basically, he is working to build small niche blogs that have low competition where he can rank on the top page of search engine results for a few keywords geared towards each site. Provided he can generate positive cash flow from each of these sites, I think this is a decent way to build passive income.
Do you think building small sniper niche sites is a good way to build passive income?
Carnivals
I participated in the following carnivals over the past week. Please check out some of the great reads from these carnivals!
- Festival of Frugality #182 – Revenge of the Fallen Edition – (June 16, 2009) 3 Reasons not to Outsource Your Passive Income – hosted by Stupid Cents.
- Money Hacks Carnival #69 – The Dollar Bill Edition – (June 17, 2009) 5 Reasons to Outsource Your Passive Income – hosted by Own The Dollar.
- Carnival of Pecuniary Delights No. 12: Catch a Wave Edition – (June 18, 2009) Frugal and Freecycle Landscaping – hosted by Pecuniarities.
Articles I liked
Here are a couple articles I enjoyed over the past week. Please check them out and enjoy.
1 – Money Energy had two articles I wanted to highlight this week that were exceptional reads -
- 10 Tips From Tim Ferriss, Guy Kawazaki and Keith Ferazzi on Lifeline Relationships and Mentoring
- Automate Your Income Just Like You Would Automate Your Expenses
2 – Get Rich Slowly – Turning Garage Sale Junk Into eBay Gold
3 – My Two Dollars – How To Get Your Monthly Electric Bill Below $25
4 – Pinyo @ Moolanomy – How to Improve Your Productivity When Working From Home
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Wow, thanks. It’s good to know someone is enjoying them:) I think the niche sites idea is great, with one caveat: you still have to make sure you’re interested in the topic(s) otherwise it’s hard to keep them up. I learned that. I tried with one, but after two weeks the topic bored me to tears. I didn’t think that would matter, but for me, it did.
MoneyEnergy’s last blog post..10 Tips From Tim Ferriss, Guy Kawazaki and Keith Ferazzi on Lifeline Relationships and Mentoring
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pfincome Reply:
June 24th, 2009 at 10:22 pm
@MoneyEnergy – Agreed. Picking topics that you have no interest in are doomed to fail.
pfincome’s last blog post..Set Detailed Tasks with your Virtual Assistant
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Thanks for link. It is truly appreciated.
If nothing else creating these Sniper sites should help me get better at keyword research. Currently, I plan on selecting only niches that I am somewhat interested in, otherwise I probably could not write 5 articles on the subject. I could never write articles on acne or something like, even if it did make money.
Dusty’s last blog post..Passive Income Challenge: Day 7 – Sniper Site #2 Complete
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pfincome Reply:
June 24th, 2009 at 10:23 pm
@Dusty – I have enjoyed reading your updates and look forward to more of them!
pfincome’s last blog post..Set Detailed Tasks with your Virtual Assistant
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I have heard about the idea of sniper sites and am really considering starting to do this very soon. It will be interesting to see the results posted on peoples blogs about it.
Web Career Girl’s last blog post..Working From Home and Enjoying the Sun
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pfincome Reply:
June 24th, 2009 at 10:24 pm
@Web Career Girl – Yes, I am enjoying reading the updates that Dusty is posting about his sniper sites. I also enjoy reading your updates on niche blogging – keep up the hard work.
pfincome’s last blog post..Set Detailed Tasks with your Virtual Assistant
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