Recently on CNN they had a video blog called Be Your Own Boss in 2010. Check it out by visiting the link. It was about starting a new business during the tough economical times and I have to agree. There’s been no better time than the present, to start a new business. Completely change direction and do something different. [Read more…] about The Best Time to Start a New Business
Monetizing Your Domain Names
As a domain name collector, I’ve found through the years that there are different ways to monetize traffic to a domain name. I’ve recently experienced a product called “Build a Niche Store“, and consider it to be the best $100 I’ve spent on a ClickBank product. With so many products out there on the market, it would be impossible to use them all but when it comes to monetizing domain names that fall into a niche category, Build a Niche Store is the best I’ve seen.
What is Build a Niche Store?
Build a Niche Store is basically a website system or builder that allows you to create a website quickly serving Niche eBay products via an affiliate RSS Feed from Commission Junction. Essentially, Build a Niche Store is a php software you can unzip and upload to your host and produce a basic eBay Niche store within minutes. The neat thing is that it doesn’t take a rocket scientist to do this. There’s also not an overwhelming learning curve. It’s simple and effective and it seems to be working well based on my experimentation with it so far. The product cost is around $100 and is available for purchase through ClickBank.com.
Niche Stores and Ebay
An eBay Niche store actually makes a lot of sense. If you think about it, you can go to eBay and it takes a while to find exactly what you are looking for. There are so many options and so many ways to search eBay, it can be confusing for someone wanting to browse a certain category. Basically with a Niche Store, you do that searching for them and provide them narrowed results in a nice looking template. The beauty of this is that eBay will pay you for products that are sold through your eBay store.
Hockey Store – StickRack.com – example
This was my first BANS site. Nothing fancy and not a lot of time into it, but effective so far in producing more income than it would if it were parked at Sedo, Fabulous, Domain Sponsor or any others. This website was basically slapped up on the server with about 2 hours getting used to how things work and reading directions. The neat thing is, it’s already producing a little bit of income which so far is more than traditional parking. The potential is there, the next step is optimizing. I’ll do some blogging on this as well.
How you make money with BANS – Build a Niche Store?
That’s simple. eBay has an affiliate program that is managed by Commission Junction that pays you for traffic you send through your site to eBay.
“You will be compensated for traffic you send to ebay.com in two distinct ways: earn between 50% and 75% of eBay’s Revenue (not item sale price) on ALL Winning Bids or Buy It Nows (BINs) within 7 days of an affiliate action AND up to $35.00 for each active registered user!”
Now, I’ve been an eBay powerseller and have sold products on eBay. There’s a lot involved in this. First you have to set up your eBay account… which can take up some time. Then you have to take pictures of items and write descriptions. Usually powersellers have some sort of services they purchase monthly to assist them with this. Once your product is sold, you collect payment and then box and ship to the user. Selling on eBay is not a piece of cake at all. It takes work and emails and following up with your customers. There are many times I’ve sold items and actually lost money on poor shipping calculations, PayPal fees, damaged goods, etc.
With BANS you just sell others peoples items. It’s that easy. The Build a Niche Store software is a content management system all by itself and you simply enter your CJ.com PID into the correct spot on the set-up and then enter the category number of the Ebay items you want to host. The auctions are fed into your site through the affiliate RSS feed. Essentially, you can set up and optimize a store and it’s on autopilot. Then build another one and keep going. The sky is the limit. What’s neat, is you are making money and not having to deal with all the headaches of being an eBay seller.
Here are some steps with Links to get you started:
- Build a Niche Store – First step, read the page. Understand it. It’s not a lot of phony hype and it does work. It also provides you with exact directions. Purchase and download the zip file.
- Commission Junction – Sign up through their affiliate program. Search for the Advertiser eBay and request to be added as an affiliate. This process is usually approved automatically and quickly.
- Hosting Account – Get a hosting account through HostGator. For Niche Stores, I recommend the Swamp which is $14 a month and can host unlimited websites.
The rest is relatively detailed but not difficult at all. I will produce a video for this and upload it eventually with text to follow.
For anyone who purchases Build a Niche Store through my link and gets hosting from Hostgator, I will help you set up your first store as well as your hosting account. Use the contact me link on this website.