How to buy Bitcoins

Hey guys Dave here, I know you guys have heard me talking alot about cryptocurrency and bitcoin lately. For new readers, I am an investor, I’m all about travel, making money espeically when its passive income. I own several rental properties that I have turned in to airbnb’s you can read about those here and here. But recently I have been doing some cool things with Bitcoins you can read about my bitcoin experiment here, or how I started making passive income with bitcoins here. Then it hit me, I should probably explain where to get bitcoins. So here is my tutorial to getting your hands on some of that sweet, sweet crypto.

There is no doubt that if you stumbled onto this page you have heard about bitcoin. That’s because you’re super tech-savvy and smart enough to do your research. Now you need to know how to buy bitcoins. I mean, where do you get Bitcoins anyway? Today I am going to show you what I wish I knew about how to purchase bitcoins. Welcome to the world of cryptocurrency.

 

Buying Bitcoins with Coinbase

This is my favorite way to buy bitcoins. Coinbase is a bitcoin exchange that is convenient and pretty self-explanatory. You can sign up for Coinbase here. You will have to verify your email.

how to buy bitcoins

Once your email is verified you will have to verify your phone number.

coinbase phone verificiation

I know that all these verifications can be annoying but they are in place to protect our money. The next step is to verify your payment source. There are two options you can use a card such as debit or credit, or bank account.

 

How to buy Bitcoins with a credit card

If you want to buy bitcoins with credit card, Coinbase is by far the best option. To buy bitcoins with a credit card you will first have to verify your card on Coinbase. This is a simple process but you will need access to your online banking. Before you can get your debit or credit card registered, Coinbase sends out 2 or 3 pending charges that are all $1 and some change. When Coinbase does this, they will prompt you to enter the amount of change like in the picture below.

how to buy bitcoins with credit card

To verify you just have to enter the change. If you get a charge that is $1 even DO NOT USE THAT ONE, only the charges with change after it. Don’t worry these charges fall off once you verify your card. With credit cards there is a 2.5% charge which is not bad in the world of Bitcoin. The bonus to using your credit or debit card is this is the best way to buy bitcoins instantly. There is no wait time for your bitcoin to arrive which is good because bitcoin price fluctuates. I did notice that my weekly buying limit was lower than the limit given with the bank account.

Pros of buying bitcoins with credit card

  • Instant transaction, bitcoin is in your account right away
  • Low Fees
  • Good for short term trading

Cons of buying bitcoin with credit card

  • Lower buying limits with new accounts.

Buy Bitcoins with bank account

You can also buy bitcoins with your bank account. This way is good because there are no additional fees. Adding your bank account is simple as choosing bank account as your payment method and logging in via your bank online login info. The downside to buying bitcoins with your bank account is that there is a wait time. This wait time can be anywhere between 4-10 days. This is not ideal if you want to make sure that you are buying in at a specific price. Buying with bank accounts usually gets your a higher weekly buying limit.

Pros of buying bitcoins with your bank account on Coinbase

  • No Fees
  • Convenient
  • OK for long-term holding

Cons of buying bitcoins with your bank account on Coinbase

  • Slow transaction 4-10 days
  • Don’t know what price will be when you receive bitcoin
  • Bad for short term trades

Buying your Bitcoin

Once your payment method is set up you simply need to click bitcoin and click buy bitcoin

how to buy bitcoin

The final step is to enter the amount of bitcoin you wish to buy in USD and click buy bitcoin instantly. You will get to a confirm screen and then your bitcoin should appear in your account. You are now a proud bitcoin owner.

 

If you want to sign up for Coinbase to buy some bitcoins you will get an additional $10 in bitcoin when you spend $100 with this Coinbase promo. 

 

BitCoin ATM

Bitcoin ATM’s are my least favorite way to buy bitcoin. If you are in a hurry and you don’t have a bank account you can buy bitcoin from one of these specialized ATMs. I used a bitcoin atm a few times when I was trying to get bitcoin for the BitConnect experiment. A few things I learned from the experience is that you can find your local Bitcoin ATM using CoinRadar.com I was able to locate a few of these ATM’s within reasonable driving distance to my home. The process was straight forward. It had a touch screen interface that was small but easy to use. After beginning the process, I was required to register with my phone number, for which I was sent a text with a code that I had to verify, and then I had to scan my ID. Once my ID was scanned I was that the machine had a 15% fee meaning for every $100 I needed to add an extra $15 in fees. This was quite expensive and I would later find out that this pricing is average and some ATM’s were even charging 20%. Next I was asked to scan the barcode to my destination address. Now it was time to add the money, it was cash only and no way to use credit or debit. I deposited my money and watched the fragments of bitcoin add up on the screen. Once I was done I was given a reciept and within moments the transaction showed up as pending on my wallet.

The Pros of Using Bitcoin ATM

  • Good for quick bitcoin transactions
  • Buy Bitcoin INSTANTLY!
  • Great way to get bitcoin if you don’t have a bank account

The Cons of using a Bitcoin ATM

  • Requires you to have a bitcoin wallet already
  • EXPENSIVE FEES 15%-20% is common
  • ATMs were mostly located in shady areas of town in my area
  • Have to travel with cash on you
  • Bitcoin ATMS are CASH ONLY!

How To Make Money With Bitcoins

the bitcoin experiment

Hey guys Dave here…I know, I know its been forever since my last post but what can I say life is BUSYYYYYYY! For those of you that are new, I am all about passive income. Aside from being a great idea, passive income has grown into hobby of mine. I mainly invest in rental properties, you can read about them here, here, and here, today, however, we are going to be discussing bitcoin.

What are Bitcoins?

Bitcoin is one of those things you wish you had a time machine to go back and invest from the bottom. Bitcoin is a new currency that was created in 2009 by a mysterious person under the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.

How the heck do you make money with Bitcoins?

Buy and sell them like a stock trader!

Well think of bitcoins like a stock on the NASDAQ, the price vs the USD is ever changing. Meaning you can potentially make money by buying low and selling high. The best thing about bitcoins is that lately,they have skyrocketed in value. When first introduced in 2013 bitcoins maintained a value of around $20 each, as of today October 8, 2017 the bitcoin has a value of approximately $4600 dollars. Let’s think about that for a second. If someone would have purchased 100 bitcoins at $20 each they would have invested 20K which at todays value would now be worth $460K in just 3 years. But since hindsight is 20/20 and we don’t have access to time machines, we can only move forward. Check out the current price of Bitcoin for today here!

Make your own bitcoins.

how to make money with bitcoins

Yea you read that right you can make your own. I mentioned this a while back in my previous post on 25 side hustles you can start today. The processed is called mining. The mining process requires the use of specialized computers that solve complex equations on the bitcoin blockchain extremely fast. You are rewarded by this with fragments of bitcoin. This process can take a while and is power intensive meaning that one of the biggest expenses after purchasing this hardware is going to be electricity. Most people who invest in this hardware and electricity consumption are usually able to turn a decent profit by mining and then selling their bitcoins. I will go more in depth with this process in a later post as it can get complicated. Here is an example of a mining rig on the right! If you set up a few of these, it can be a nice source of passive income.

Buying Bitcoins

Where do you buy bitcoins? Well before you can buy bitcoins you need a program or app called a bitcoin wallet. A bitcoin wallet is how you save your bitcoins or other cryptocurrency. There are many out there but I use Coinbase. It was the highest rated app in the app store and works well on my phone. The cool thing about Coinbase is that you can also purchase bitcoins directly through the app at market price. I know what your thinking…But Dave, didnt you just say bitcoins cost about $4600? Well heres the beauty of bitcoin, you do not have to buy a full bitcoin. exchange any amount of dollars for its value in bitcoin.

Think of bitcoin like a large pizza, lets say you have $2300 you want to invest, you simply type in the dollar amount and then you are given the equivalent slice of the pie. In this example you would be getting half or 0.5 bitcoins.
If you sign up at Coinbase here you can get $10 worth of bitcoin FREE, and then they give me $10 for referring you so hook me up 🙂

The Bitcoin Experiment

the bitcoin experiment

I bought myself some bitcoin 🙂

I’m not gonna lie..I’ve known about bitcoins for quite some while but had never taken time to really understand it until recently. After much research, I believe that the bitcoin is going to continue to raise in value. Some analyst think that the price will reach a million dollars usd. While I’m not sure about that I definitely feel like its the wave of the future and as of the last few

While I’m not sure about that I definitely feel like its the wave of the future and as of the last few months the price has made some fantastic gains. That said, I’ve put my money where my mouth is and have invested a small $500 investment into bitcoin. I am going to let this sit for 365 days. At the time of writing this I am 1 day into this challenge because bitcoin prices are changing 24/7, even though i purchased these on a saturday the price has already increased $10 higher than my initial investment. I challenge you if you can afford it to also invest $500 into bitcoin. I suggest checking out price charts like this and buying when the price dips.

Final Thoughts

I personally feel super confidently about this investment and I don’t like to throw my money at investments with low probablity of success. That being said, this is an investment so its possible to lose money. Never invest more than you can afford to lose. Not only here this is just a good life principal when it comes to investing. I will keep you guys updated on my journey.

 

5 Best Gadgets For Airbnb Host

Hi, my name is Dave. I am a 33-year-old blogger/entrepreneur and that is building wealth with real estate. I own several rental properties that generate income, you can read about them here, and here. In the last several years I have started hosting my properties on Airbnb, you can read about my experience as an Airbnb host here and how I made over $11,000 in under 5 months as an Airbnb host here. That being said, it’s safe to assume that I have paid my dues as a new host and I can speak from experience when I tell you I know how to make your Airbnb rental better than the rest. I’m going to share with you guys the 5 best gadgets for Airbnb host. If you want to start hosting on Airbnb click here.

5 Essentials For Airbnb Host

Best Thermostat For Your Rental

The Nest Thermostat

best thermostat for airbnb

A good thermostat is one of those “MUST HAVE” items for every Airbnb host. The Nest is that thermostat (Click here to check price on Amazon) Smart thermostats connect to your homes heating and cooling system and can usually connect to wifi to allow remote control from your smartphone. This was essential for me because we live in Florida where it can get pretty hot inside of a house. This meant that in order to have my home at a decent temperature(guest love this) when the guest arrive I would have to leave my unit running full time even if no one was coming for a few days. The Nest smart thermostat was definitely the answer for this. Installation was simple and no different than a regular thermostat but can be controlled by your phone. It has a bright easy to use interface and the guest are usually intrigued with it. Another bonus to the nest is that you can monitor your guest use of your HVAC and even limit the maximum and minimum temperatures.

Best Electronic Lock For Airbnb

Schlage Connect BE469NX

best electronic lock for airbnb

Bottom line and electronic deadbolt lock is a must for Airbnb host. This item WILL pay for itself.  The Schlage Connect BE469NX (Click here to check price on Amazon) is the best electronic lock for your Airbnb rental. This completely eliminates the need to have to meet up for a key. These electronic locks work by allowing you to assign a four-digit code to gain entry. The passcode is required every time the door is closed to get back in. This means that you can lock your door and give new guest the entry code as they arrive. This is less stress on you and less stress on your guest so they don’t have a key to keep up with. Replacing keys can be expensive and as a host I can tell you people lose things all the time.

Best Streaming Devices For Airbnb Host

FireTv Stick or Roku

best gadgets for airbnb host

Maybe I overdo it but in addition to cable, one of my Airbnb essentials is to make sure I have a streaming device in all of my rentals because who wouldn’t want to curl up and see what’s good on Netflix while they were away from home. Roku (Click here to check price on Amazon) and Fire TV stick (Click here to check price on Amazon) are great options but I just usually keep an old school PlayStation 3 with Netflix loaded on it for the guest. That way if they decide to go rent some games from the Redbox they can use it as a console as well.

Airbnb Guest LOVE Alexa

Amazon Echo

airbnb essentials

I’m not gonna lie I LOVE gadgets, but sometimes I can’t justify them for my own home, but as an investment in one of my Airbnb properties, I tend to be more forgiving. The Amazon Echo ( Click here to chek price on Amazon) is one of those things that I probably wouldn’t buy for myself, after all, I have an iPhone with Siri. But there is something about Alexa that my guest LOVE! It’s also great as a wireless Bluetooth speaker or just music streaming in general. We keep ours in the kitchen because it’s always nice to have tunes in the kitchen while you whip up a meal.

The Best Smart Outlet

Samsung SmartThings Outlet

best smart outlet

Smart outlets are a lot like regular outlets with one exceptional difference. The Samsung SmartThings Outlet (Click here to check price on Amazon) is the best smart outlet. Smart outlets connect to wifi to give remote control to its owner. Using a smart outlet with a lamp is a great way to control lights. This is good for making your property look occupied when no one is staying there, and to make sure guest that arrive in the evening don’t have to walk up to a dark ominous rental. Many of my guest with late arriving flight appreciate not having to walk up to a dark house. Most smart outlets can set on a schedule or activated on command via a separate smartphone app.

Conclusion:

Trust me from experience these items will make your time as an Airbnb host easier, less expensive, and efficient. If you found these 5 best gadgets for Airbnb host useful please take a moment to share this post with your friends on facebook. To learn more about how I started building passive income click here.

 

Hey, my name is Dave, I make a full time living off of passive income from investment properties. You can read about them here, here, and here. This blog is about building income and frugality so in the name of saving money I occasionally post promo codes to help you save some money.

Lets face it the share community has taken over with companies like Uber and Airbnb. It wasn’t long before Turo introduced itself as the first peer to peer rental car service.

What is Turo?

Turo is an app that allows you to rent cars much like traditional car rental services except there is a twist, Turo cars belong to regular people like you and I who want to make some extra cash. It’s a great way to rent a car for very competitive rates.

Benefits of Turo

Other than being the epitome of innovation, Turo has many benefits that make it a better choice than traditonal car rental avenues.

Some benefits include:

  • Much cheaper than traditional rental services
  • Turo car owners can come to you
  • Turo has a great insurance policy
  • Large variety of cars
  • You can rent your own card and make money

How it works?

Using Turo to rent a car is easy. You download the app.  Select your city, and choose a car. Once your car is chosen you either agree on a meeting place or arrange delivery. Upon meeting the host, you show your ID and ride off into the sunset. At the end of your trip, just replace any gas you used and meet the owner to drop off the car back off. Walk around the car again, hand over the keys, and your all set.

Turo Promo Code

turo promo code

To get $25 off your first car rental click here

Top Turo cities

  • Atlanta
  • Boston
  • Chicago
  • Denver
  • Honolulu
  • Houston
  • Los Angeles
  • Miami
  • San Diego
  • San Francisco
  • Seattle
  • Washington D.C.

Renting your car on Turo

Looking for a good side hustle, you can cover your car notes by renting your own car out on Turo. Click here to get $75 when you rent you car for the first time on Turo. Renting your car can generate thousands extra in passive income for you every year.

lyft promo code

Lyft Promo Code

Hey guys, as I’m sure you are probably well aware by now, periodically I like to post life hacks, because saving money is awesome. When your able to save more money you have to invest. In this post I’m going to be showing you how to get a FREE ride using a Lyft promo code up to $10

Lyft Free Ride promo code

And here is a promo code so you can take a free ride with Lyft:

 

Are you new to Lyft and want to learn more, or simply looking for a promo code? In either case look no further you have come to the right place.

What is Lyft






As you probably are already aware, ride sharing has evolved the way we get around. Companies like Uber have not only changed the way we commute, but they have also created a space to create jobs. In the midst of the the rideshare boom, we have seen the rise of a few other rideshare companies such as Lyft. Lyft is an American transportation company launched in June 2012 by Logan Green and John Zimmer. These rideshare companies often have promotions to try their services. In this post I will show you how to use a Lyft promo code to get a free ride.

lyft promo code

All you need to do to receive your free ride with Lyft, is simply enter the promo code shown above in the promo code section at sign up and you will get one free ride credit up to $10 when you take your first ride! Just a note to remember…the Lyft credit may differ depending on which city you are located in.

Full disclosure, the amount listed should be used for reference only as Lyft reserves the right to revoke credits.

How To Enter your Lyft promo code to get your FREE ride!

  1. Download the Lyft App from the android market or app store, then open it.
    how to get a free ride with left

  2. Click the settings icon in the upper left corner as pictured.

    lyft promo code 2017

  3. Tap Promos

    lyft promo code 2016

  4. Enter the promo code DAVE50791, then press the apply button.  A message will pop up confirming your FREE RIDE!
    fullsizerender

  5. Enjoy your FREE RIDE!

What cities is Lyft available

  • Arizona

    • Anthem
    • Apache Junction
    • Casa Grande
    • Cave Creek
    • Chandler
    • Flagstaff
    • Florence
    • Fountain Hills
    • Glendale
    • Goodyear
    • Laveen
    • Maricopa
    • Mesa
    • Oro Valley
    • Peoria
    • Phoenix
    • Prescott
    • San Tan Valley
    • Scottsdale
    • Sun City
    • Surprise
    • Tempe
    • Tucson
    • Wickenburg
  • California

    • Alameda
    • Antioch
    • Bakersfield
    • Berkeley
    • Burbank
    • Carlsbad
    • Concord
    • Corona
    • Cupertino
    • Daly City
    • Davis
    • Dublin
    • Elk Grove
    • Fairfield
    • Fresno
    • Hayward
    • Healdsburg
    • Huntington Beach
    • Inglewood
    • Irvine
    • La Jolla
    • Laguna
    • Lake Tahoe
    • Livermore
    • Lodi
    • Long Beach
    • Los Angeles
    • Manteca
    • Mill Valley
    • Milpitas
    • Mission Viejo
    • Modesto
    • Monterey
    • Moreno Valley
    • Napa
    • Newport Beach
    • Oakland
    • Oceanside
    • Palm Springs-Palm Desert
    • Palo Alto-Menlo Park
    • Pasadena
    • Pleasanton
    • Poway
    • Rancho Cucamonga
    • Redlands
    • Richmond
    • Riverside
    • Roseville
    • Sacramento
    • Salinas
    • San Bernardino
    • San Diego
    • San Francisco
    • San Jose
    • San Leandro
    • San Mateo
    • San Rafael
    • Santa Barbara
    • Santa Clara
    • Santa Clarita
    • Santa Cruz
    • Santa Monica
    • Santa Rosa
    • Sonoma
    • South San Francisco
    • Stockton
    • Sunnyvale
    • Thousand Oaks
    • Vallejo
    • Ventura
    • Walnut Creek
    • Watsonville
  • Colorado

    • Aurora
    • Boulder
    • Centennial
    • Colorado Springs
    • Denver
    • Fort Collins
    • Fountain
    • Loveland
  • Connecticut

    • Bridgeport
    • Danbury
    • Greenwich
    • Groton
    • Hartford
    • Litchfield
    • Middletown
    • New Haven
    • New London
    • New Milford
    • Norwich
    • Stamford
    • Tolland
    • Waterbury
    • Windham
  • Delaware

    • Wilmington
  • District Of Columbia

    • Washington D.C.
  • Florida

    • Boca Raton
    • Boynton/Delray Beach
    • Bradenton
    • Clearwater
    • Daytona Beach
    • Fort Lauderdale
    • Homestead
    • Jacksonville
    • Kissimmee
    • Miami
    • Naples
    • North Port
    • Orlando
    • Port Charlotte
    • Punta Gorda
    • Sanford
    • Sarasota
    • St Petersburg
    • Tampa Bay
    • Venice
    • West Palm Beach
  • Georgia

    • Alpharetta
    • Athens
    • Atlanta
    • Marietta
    • Savannah
  • Hawaii

    • Honolulu
    • Kaneohe
    • Waipahu
  • Idaho

    • Boise
    • Cour d’Alene
    • Post Falls
  • Illinois

    • Champaign
    • Chicago
    • Evanston
    • Naperville
  • Indiana

    • Carmel
    • Bloomington
    • Indianapolis
    • Lafayette
  • Kansas

    • Kansas City
    • Lawrence
  • Kentucky

    • Lexington
    • Louisville
  • Louisiana

    • New Orleans
  • Maine

    • Freeport
    • Portland
  • Maryland

    • Baltimore
    • Bethesda-Silver Spring
    • College Park
    • Towson
  • Massachusetts

    • Boston
    • Brockton
    • Cambridge
    • Cape Cod
    • Fall River
    • Lowell
    • Newton
  • Michigan

    • Ann Arbor
    • Detroit
    • East Lansing
    • Farmington Hills
    • Grand Haven
    • Grand Rapids
    • Lansing
    • Troy
    • Warren
  • Minnesota

    • Minneapolis
    • St. Paul
  • Nebraska

    • Bellevue
    • Lincoln
    • Omaha
  • Nevada

    • Henderson
    • Las Vegas
    • Reno
    • Summerlin
  • New Jersey

    • Atlantic City
    • Camden
    • Cherry Hill
    • Hoboken
    • Jersey City
    • Montclair
    • Morristown
    • Newark
    • Trenton
  • New Mexico

    • Albuquerque
    • Santa Fe
  • New York

    • New York City
    • Southampton
    • Suffolk County
  • North Carolina

    • Asheville
    • Cary
    • Chapel Hill
    • Charlotte
    • Concord
    • Durham
    • Greensboro
    • Hickory
    • Huntersville
    • Matthews
    • Raleigh
    • Wilmington
    • Winston-Salem
  • Ohio

    • Akron
    • Bowling Green
    • Cincinnati
    • Cleveland
    • Columbus
    • Dayton
    • Toledo
  • Oklahoma

    • Broken Arrow
    • Moore
    • Norman
    • Oklahoma City
    • Tulsa
  • Oregon

    • Beaverton
    • Portland
  • Pennsylvania

    • Allentown
    • Harrisburg
    • King of Prussia
    • Lancaster
    • Lebanon
    • Lehigh Valley
    • Mt. Lebanon-Bethel Park
    • Philadelphia
    • Pittsburgh
    • Reading
    • Scranton
    • State College
    • York
  • Rhode Island

    • Newport
    • Pawtucket
    • Providence
  • South Carolina

    • Charleston
  • Tennessee

    • Chattanooga
    • Germantown
    • Knoxville
    • Memphis
    • Nashville
  • Texas

    • Arlington
    • Austin
    • Dallas
    • Denton
    • Ft. Worth
    • Garland
    • Mesquite
    • Plano
    • Round Rock
    • San Antonio
    • San Marcos
  • Utah

    • Park City
    • Provo
    • Salt Lake City
    • Taylorsville
  • Virginia

    • Alexandria
    • Arlington
    • Charlottesville
    • Hampton
    • Newport News
    • Norfolk
    • Richmond
    • Tysons Corner
    • Virginia Beach
  • Washington

    • Everett
    • Kent
    • Seattle
    • Spokane
    • Tacoma
    • Vancouver
  • Wisconsin

    • Appleton
    • Green Bay
    • Madison
    • Milwaukee
    • Waukesha

International Cities

  • Indonesia

    • Bali
    • Jakarta
  • Malaysia

    • Kuala Lumpur
  • Singapore

    • Singapore
  • Thailand

    • Bangkok
    • Phuket
  • The Philippines

    • Manila
  • Vietnam

    • Hanoi
    • Ho Chi Minh City

Getting More Free Lyft Rides

Becasue the Lyft promo is only eligible for your first ride, you may be wondering how you can get more free ride credits. By clicking the options button in the corner and selecting ‘Free Rides’, you will be shown your very own personal promo code. Every time you share this code with friends, when they use Lyft for the first time they’ll get $10 off their first ride, and as a reward you get $10 off yours.

Also click here to take your first free ride with Uber.

Tips on using your Lyft Promo

  1. Spread the word about your Lyft promo code!
  2. Post your promo code to all your social media accounts!
  3. Advertise your promo code on Youtube or make a blog and advertise there.
  4. The Lyft only last for 3 months, so don’t save them too long
  5. The Lyft promo code terms are subject to change and are not guaranteed

You can find out more tips to get free stuff with referral codes here.

How To Become a Lyft Driver

Driving for Lyft is great because you get to set your own schedule, so it’s a good side hustle to earn extra cash. While I have never driven for Lyft you can read about my experiment driving for uber click here. To earn some extra money driving for Lyft click the banner below.

lyft promo code

The UberEATS Driver Requirements

  • Lyft drivers must be at least 21 years  of age
  • Own a vehicle no later than 2004
  • Lyft drivers must be able to pass a background check
  • Lyft drivers must have a clean driving record
  • Have at least 1 year of driving experience

Things are always better when they’re FREE, where are you going to use your Lyft promo code? Did you enjoy your free ride? Let us know in the comments section below! 🙂



If you found this blog post chances are you are trying to find out how to make a profitable Amazon Affiliate website. Well I’m going to try to help you learn from my own experiences. My name is Dave, I run this personal finance blog where we discuss being profitable. I started this experiment because I’m always on a quest to generate different sources of passive income. My primary source of passive income is from the rental properties I own. You can read about them here, here and here. This is part 2 of what is probably going to end up being several posts long.

Just as a heads up at this point so far I don’t think I’ll be disclosing the specific niche of my website because while I’m sure most of you are nice people, it’s not uncommon for people to study these case studies and try to make a carbon copy of my website which can be bad for a number of reasons. Think I’m being paranoid? Just ask Spencer Haws of NichePursuits. He had an array of issues from being completely transparent with his readers. Spencer is a great teacher for this type of stuff and is highly recommended, but hes clearly nicer than I am haha.

This is part 2 of what is probably going to end up being several posts long. You can read part 1 of the amazon affiliate experiment here. I am creating blog updates once a month to show progress in real time.

So let just jump right into what’s been going on!

How much did I make so far?

I know this is probably what you really want to know so lets start with the numbers so far. Drum roll please……… So far my niche website has generated $30.80. But don’t take my word for it heres some proof.

how to make a profitable amazon affiliate website

Amazon Affiliate Payment Proof

I’m not sure if I was lucky or not but I got my first sale about 11 days in on this project. The item purchased was cheap and had nothing to do with my niche, but the feeling of logging in and seeing your first sale is indescribable.

Some things to note. I actually got 11 sales but only 4 of them have shipped out, so technically I earned over $30.80 but I won’t know the amount until they finished processing. If I had to guest based on the items, I’d say I’d be somewhere in the $50 range.

While $50 is very short of our $500 monthly goal, considering this is only the 1st month I feel confident enough to continue to work hard on this project.

What have I done since last month?

keyword research

I have done more keyword research for my niche. I have found around 5 long tail keywords that I am going to rank for.



Blog comments

I manually scoured the internet for relevant blog post that I could comment on to get backlinks to my site. An important thing to remember when trying to get backlinks this way is that 90% of the time when you leave a comment it will have to be manually approved by the website owner. This is obvious to me because I run this blog. You wouldn’t believe how many comments I get every day that are just spam. They say something to the effect of  “thanks this post was what I was looking for” with a link back to their crappy website. I ignore the hell out of these comments, I don’t want them on my blog so they never get approved. Website owners will usually only approve comments that are obvious that you read the post. I recommend picking something from the post that stood out to you and giving a real opinion. These comments are more likley to get approved thus leaving a link back to your site.

I was able to get about 15 of these approved out of 25 since last month.

Bought some social signals

I bought some social signals.

If you didn’t know, social signals are things like likes and shares, and yes you can buy them. To my understanding, the logic behind this is that google has become significantly more focused on finding “what the people want”, since google can see these signals, buying them makes it look like your website is being talked about and shared. This in turn, helps your ranking improve. I bought 300 social signals from PBNButler. While they were more expensive than Fiverr, where you can get social signals for $5, I find most gigs associated with SEO are absolute trash. What I like about PBNButlers service is that they have a deal  through a mobile app, which requires its users to share random post to continue the app. This means your shares are being distributed by real people, which also means that aside from the SEO aspect of it, you could legitimately attract real interested people.

Created some web 2.0’s

I’m going to be honest. If you are really trying to create a site with a long-term vision in mind, then the best way to get backlinks to your site is through outreach. This is essentially reaching out to other bloggers in your niche and doing guest post and building real relationships. That being said…it can be hard to find people willing to allow you to guest post for a niche site. It can work but it takes some work. For this website however, to help diversify my backlink profile, I created several web 2.0 websites to backlink to my own website. Web 2.0’s are free blogs you can start on websites like WordPress.com or Weebly. The idea here is to sign up to these free blogs and create post that link back to your site. But before you go starting a whole bunch of web 2.0’s and pointing them to your site, we want to make them look like legitimate blogs. create several

Don’t create several web 2.0’s and point to your site right away. You need to treat them as a real blog. Make sure you fill out the profile info, make an about page you don’t need to make it about you, create a persona, the details don’t have to be some intricate story line but the section needs to be there. It is also recommended you make several posts over the course of a week before linking to your site. Make sure that your other post include pictures or a video, proper use of title tags, and most importantly that they link out to other authority sites in the niche. DO NOT link to your competitors, this will boosts their rankings. A good example would be lets say your niche is soccer balls. I would try to find something about soccer on nike.com and link to that. I try to make sure all my post have 2-3 links to high authority pages so that when I link to mine, it will appear that my blog only links to reputable sources. I’m essentially creating and maintaining my own link neighborhood.

Try to make your post on the web 2.0’s decent quality, a lot of people outsource this but I’m cheap so I do this myself. I am still in the process of writing content to these web 2.0’s and its really time consuming. I have a few that are ready for links back to my site but I am waiting over a week before I do so.

Here is a list of web 2.0’s you can use

  • Tumblr
  • Weebly
  • WordPress.com
  • Blogger.com
  • Jimdo.com
  • Bravesites.com
  • Beep.com
  • Puzl.com
  • Webstarts.com
  • Yolasite.com
  • Snackwebsites.com
  • Site.Google.com
  • Joomla.com
  • Jigsy.com

Bought some expired Tumblrs

Pretty much the same info as above. Tumblr is a web 2.0 site, you can buy expired domains with an established backlink profile. This means you can get a domain with a high PA which will help send link juice and improve your sites ranking. This is where the MozBar comes in handy. I always check the stats on these before I confirm purchase. You dont want to buy any that are flagged as spam. Once I confirm these are acceptable, I repeat the process from above making sure that make a few post before linking to my site. I bought some of these from SEOClerks and Fiverr(not the cheap $5 ones). If you don’t want to pay for expired tumblrs you can always get your own by doing a little work. Here is a detailed guide to scraping Tumblrs.



How much have I spent?

When we left off last month, I spent $88 total creating a blog. That included the domain name and hosting. Since then I also purchased a logo for my website. Logos help to make sites look more legitimate, rather than just having a plain text title.

I sourced this out on Fiverr, the quality is ok, its no NBC logo, but it’s good enough. This only cost me $5.

I bought 6 expired Tumblrs. This cost me $36

I bought 300 Social signals. This cost me $14

This brings my total spent to $143 

I have made $30.80 up to this point so as of now I am $143  in the hole.

The plan for next month

Over the next month until our next update I plan to do the following:

  • Add more content to my site. I plan on trying to add one post every 2 weeks.
  • Complete the building of my web 2.0’s and link them to my website
  • Add 5 more blog comments.
  • Try to stop checking my earnings every day(BAD BAD NERVE WRECKING HABIT)

If this post assisted in teaching you how to make a profitable Amazon Affiliate website please share this on social media 🙂

robo-advisor

The Top 4 Mistakes Beginning Investors Make and How to Avoid Them

 

The following is a guest post by Hank Coleman, who is the owner and publisher of Money Q&A, a popular personal finance blog dedicated to helping its readers invest and save more for retirement.

 

Your first venture into the world of investing may be overwhelming. Investment experts seem to hawk different stocks, investment advice from books and blogs may seem contradictory depending on what you read, and the amount of data and charts out there is often just too much for a beginning investor to manage alone.

 

It’s okay to feel overwhelmed by the investment choices. Everyone started from square one at some point. However, getting started in investing isn’t as hard as you might think.

robo-advisor

The Biggest Mistakes New Investors Can Make

 

To help you get the ball rolling, here are some novice mistakes to avoid while building your first investment portfolio:

Assuming You Need a Financial Adviser

 

All too often, people put off getting involved in investing beyond their employer-provided 401(k). They believe they need to have more money to afford a financial adviser to help them succeed in the stock market.

 

Maybe that was true a few decades ago. But, with the internet at your fingertips and the availability of robo advisors to help you invest your money, there’s no excuse for waiting to invest your money if it’s just sitting in a low-interest savings account.

 

Robo-advisors were designed to lower the barrier to getting involved in investing for everyday folks who want to see better returns on their money than what a traditional bank account can offer. With a robo-advisor, you don’t have to read a pile of investment guides before diving into the markets.

 

Investment companies build robo-advisors using extensive algorithms that determine the best possible allocations for customers’ money based on historical market trends and up-to-date market research. It also costs very little to use a robo-advising service compared to a traditional stockbroker. The fees usually range between 0.15-0.35% per month depending on your deposit amounts. And, some robo-advisors do not require a minimum balance to get started.



Getting Caught Up in the Hype

 

When you first start out as an investor, it’s all too easy to get caught up in the latest and greatest stocks that so-called investment experts proclaim are guaranteed good buys. Rather than funneling your money into the hottest tech stock or industry that people are raving about, stick to solid, time-tested strategies. Look for investments that diversify your portfolio and protect against large losses if something doesn’t live up to the hype.

 

Pulling Out of the Stock Market When It Goes South

 

There are many strategies for getting better returns on your investments. And, even if the market goes south for a bit, it’s important to remember that it will bounce back eventually.

 

Beginning investors are sometimes so risk-averse that they’d rather take the short-term losses by withdrawing from the market when it looks like things aren’t going well. They’d rather pull out their money than ride out the rocky waves and see their investments not only return to their original value but grow well beyond that amount.

 

If the Federal Reserve raises interest rates and the stock market dips or some global catastrophe strikes and the markets panic in the aftermath, don’t bail on your investments and squander your potential returns by fleeing to cash.

 

Look at your time horizon instead. When do you expect to need the money? Many will realize that they have decades before they need to use their investments. Staying in the stock market is usually the best strategy for investors. But, it takes a long-term mindset to see past the present panic.



Playing It Too Safe

 

If you’re relatively young (under 50 years old), then dumping all of your money into bonds may be overdoing it a bit. Bonds tend to be safer investment options than stocks and other volatile investment options, but they also offer significantly lower returns. Far too many young investors are risk adverse. They forget that they have decades to make up for any significant losses early in their careers.

 

Diversifying your portfolio is the most common and best advice for newer investors, and robo-advisors can help you decide the best allocation of your funds, based on your age and investment goals (i.e., retirement, saving for a down payment on a mortgage, your child’s college fund, etc.).

 

No Better Time to Get Started Than Today

 

Even if you have no background in investing or finance beyond creating a monthly budget, the plethora of valuable resources and no minimum, low-fee robo-advisors and index funds are making it easier than ever to invest like a pro.

 

It’s important to educate yourself and avoid novice pitfalls along the way as a beginner investor. You shouldn’t have to spend hours and hours reading investment advice and studying stock charts to be successful. You simply have to get started and stay in the market. Like the old saying…time in the market is more important than timing the market.

 

Did I miss any mistakes? What are some mistakes you’ve made as a young investor? I’d love to hear your thoughts in the comment section.

 

How I Use Referral Codes To Get Free Stuff Everyday





Today’s post is one that is very much in the name of frugality. I’m going to share with you guys my secret to how I get all kinds of free stuff and even make a few bucks here and there sharing my referral codes. Before I get into telling you how I use referral codes to get free stuff every day, let me show you some proof.

how i use my promo code to get free stuff every day

What you are looking at is the email confirmation I get every time someone uses one of my Uber referral codes.

What is a referral code?

referral code is a unique code that when shared allow you to receive credit for any new sign up, that occur from your code.

What companies offer referral codes?

Here is a list of the companies I utilize as well as the perks they offer for sharing your promo code.

  • The Uber referral code

    This is my favorite because I use Uber all the time. When you share your referral code with new riders they get $10 off of their first trip. Once this trip is completed, the person whos referral code was used is also credited $10. I find $10 is enough to get just about anywhere around my city with a one-way trip. If you haven’t yet click here to claim your free Uber.

  • The UberEats referral code

    Same concept as above, except instead of giving you a $10 ride credit for your referral you get a $10 credit towards your food delivery. This super helpful when I’m hungry. If you have not had the opportunity to use UberEats you can find my referral code here.

  • The Lyft referral code

    Lyft much like uber is popular rideshare app. They have the same type of referral program as Uber. Sharing your referral code gets you a free ride up to $10 for you and the person you refer. If you have never used Lyft you can claim your free Lyft ride credit here.

  • The Airbnb referral code

    When a friend travels on Airbnb, you both get $35 in travel credit. If they decide to become host later on you receive another $75 credit. If you can get this promo code out there, you can essentially gain access to free travel accommodations for any city you decide to travel to. That being said if you are thinking about taking a vacation anytime in the near future click here to save $35 through my link when you use Airbnb.

  • The Cashcrate referral code

    Cashcrates Referral system is different. A little background on Cashcrate. I signed up for Cashcrate about 8 years ago. Its essentially a website you sign up to do surveys in exchange for payment. These sites are a dime a dozen but what makes Cashcrate is their referral program. When people sign up using your referral code, you get paid a small percentage for each survey they complete. What really pushes this referral program into over drive is the fact that, you also get credit from what your referrals, referrals earn. This is a cool concept because all you have to do is get 2 or 3 people under your firs tier who really work their butts off promoting and it will trickle back to you for years to come. If you are not already a member of Cashcrate please sign up here.

  • Bluehost Referral Code

    Bluehost has a super popular referral program. This program is popular with people looking to start a new blog because their hosting is very reasonable, and they are a trusted company. For each person that signs up under your referral code Bluehost will send you a payment of $65.

  • Amazon Associates

    Amazon this is one the best referral programs out there, and technically I guess this is considered affiliate marketing. But I’m going to go ahead an explain it anyway. The Amazon associates program lets you list a referral code for any product that amazon carries, then receive a 4% commission of any sales that are a result of your referral link. This can be extremely profitable if done right. To follow my Amazon Affiliate experiment click here.




How I promote my referral codes

In order to get freebies, you have to promote your referral code. This can be difficult if you don’t know where to start. Here are 3 ways that I promote my referral codes.

Promote your referral code on your blog

If you already have a blog your half way there, if not, learn how to start a blog here. Promoting a referral code on your blog is easy but needs to be done properly. People(and google) hate spammy pages. If you want to share your promo code, try to create a post that adds some value to the reader. Simple things like making a post with some explanation how this promo code benefits the reader. You can see an example of this in my article about How to get a free Uber.

This post has generated me over $1800 in free rides within the last 3 months. I literally have 3-4 coming in every day. This has been insanely helpful when…..Ok….I only use them to be lazy, and because it’s free most of the time. But I have used my free uber’s to get to and from airports,when I want to go have drinks and not worry about the designated driver, or if I ever go somewhere with terrible parking it’s nice to have to worry about it. I think blogs have a great conversion rate because you have built up a rapport with your readers.

Another thing I’ve noticed about using my referral code on blog posts as that they seem to attract people for a long time. My Cashcrate referral code has been getting referrals for over 8 years at this point.

Youtube

YouTube is considered the second largest search engine after Google. This means that the amount of potential of people seeing your videos can be endless. Again content is king videos that provide value will always be the most successful. A good percentage of my Uber referrals come from youtube, but it can also be a good place to use your Amazon affilaite referral links. A good way of doing this is by doing testimonials or reviews on products and then linking them in the description. A lot of people promote their referral codes by doing tutorials. A good tip to remember with youtube videos is to name them with the end users search query in mind. Using keywords like ‘How To Get A Free Uber or ‘How to make money on Cashcrate will attract the right type of audience to your videos.

Also, make sure you leave a description for your videos. Not only does this help users, it also helps google to know what your videos are about so that they can place your videos in google search results.

Bulletin Boards

Bulletin boards are a good place to get your referral code out there but have a lower conversion rate.

The best way to maximize your conversions is to convert your referral links into QR codes. This is because if you have a referral link that looks like http://www.cashcrate.com/508624(<~~my real referral btw), people that are interested probably will just go directly to the Cashcrate homepage and you won’t get referral credit. When you make it QR code, as soon as they scan it they are taken to the sign-up screen with your referral info already included. You can do this at qr-code-generator.com as shown below.

screen-shot-2016-11-25-at-7-54-53-pm

Simply type in your referral link then download the qr code.

Once you have the QR code print out  mini cards with a brief explanation of perks of your promo code….

‘Want a FREE ride with Uber?’

then insert your QR code and your good to go.

A few good places to put your referral cards are:

  • Laundromats
  • College campuses
  • Bars and Pubs
  • Grocery Stores

Social Media

Social Media works if you work it. The thing about social media though is you will find better conversions my promoting your referral codes indirectly. This is where having a blog comes in handy. People are more likely to click on a link back to a blog post with a referral code then they are to click directly on one from a tweet.

Sharing my referral code has allowed me unlimited Uber rides, countless referrals, free food, free accommodations, and much more. If you are serious about getting your referral code out there I suggest you try all these methods. The internet is an extremely powerful way to share these links, you want to essentially create a link chain that sends continuous freebies your way. I mean why not?

 

 

3 Things That You Should Avoid When Buying A Rental Property

3 Things That You Should Avoid When Buying A Rental Property





If this is your first time reading I’m Dave. I know buying rental properties can be a scary process when you are first starting out. When I got my first rental property, I didn’t have anyone to tell me the do’s and dont’s of investing. I now have 3 rental properties that you can read about  here, here and here. Over time I have bumped my head a few times, each time learning valuable lessons. From the experience I have gained, I want to share with you 3 things that you should avoid when buying a rental property.

3 things to avoid when buying a rental property

  1. Avoid rental properties in bad neighborhoods

    What is the neighborhood like?

    This is important because the people in the area are generally going to be the type of tenant you can expect. If you go to a neighborhood and you see heavy drug activity, vacant homes, gun violence, boarded windows, and the general consensus that the residents don’t take pride in their envirionment, then the majority of your tenants may be similar.

    This isn’t always the case obviously, as you can find a good tenant for any neighborhood if you know how to find a good tenant, but the chances are much lower. Don’t get me wrong, because of the cheap prices that often tempt new investors, you can make some large returns, but there may be more issues that cause this to be less passive and may be better suited for seasoned investors. Do not get these war zones confused with low-income areas. Investing in low-income areas can yield some high returns and low investment with less hassle. 
    3 Things That You Should Avoid When Buying A Rental Property

  2. Avoid rental properties with Structural Issues

    To me, structural problems are the “head-gasket” of rental properties. If I see structural issues, I make a speedy Gonzales style B-line toward the door. I’ve just heard too many horror stories from investors having to call in and pay structural engineers and you can probably guess its a very expensive process. The problem with homes with structural issues is that once these issues occur, they are usually documented and attached to the homes “permanent record”.

    Therefore this will need to be disclosed when you sell. Even if you shell out the cash needed to properly repair, in most states it will still need to be disclosed. From my experience, homes with these type of reputations generally sale at a fraction of its ARV. Some things to look for to determine structural damage are cracks that appear to be. Another sign to look for is when doors in the house don’t properly close. When houses have foundation issues it’s not uncommon for the alignment of the door and frame to become warped.

  3. Avoid investment properties with severe termite damage.

    While I won’t completely write off a deal with termite damage, it’s important to evaluate both the extent of damage and if there is a current infestation. Sometimes you can catch it early, but even then you should reflect this discovery in your offer.

    Termites can be a hassle to get rid of, and if not properly eradicated, they can literally compromise the structure of your entire house. A great way to check for termite damage is to take a screwdriver and moderately stab around the baseboards and if at any point you put a hole in it, there is probably termites.

    Termites eat the inside of wood so it may appear ok until you do the screwdriver test. Another place you should do this is around window sills. Always call a professional if you suspect termites and let them give you their synopsis. Most termite companies will do a free estimate, so call a few. Make sure you mix it up and call a few corporate places and some mom and pop exterminators. These companies are sometimes just looking for a quick sale so having a few different opinions can give you a general consensus.

There are literally tons of things to consider when purchasing a house for a rental property, so always do your due diligence and be aware. Hopefully knowing these 3 things that you should avoid when buying a rental property will save you some money and headache in the long run. Avoiding these simple mistakes will set you on the best path to start building your passive income.

 

What are some things you avoid when looking at rental properties? Let me know in the comments sections below.



amazon affiliate experiment

The Amazon Affiliate Experiment: Building A Niche Site From Scratch

 

amazon affiliate experiment(Brief background for new readers: My fiancee and I own several rental properties. You can read about them herehere, and here.)

We are about all things passive income, and we are always looking at new side hustles to make it.

So I was browsing Flippa a few weeks back entertaining the idea of buying a website as an investment that would generate passive income.

I want to clarify that I am no expert on buying and selling websites, but the idea is intriguing to me.  

And if there is money to be made, I want to know about it. The truth is a lot of websites turn a profit, and much like rental properties, they can provide consistent passive income with a little bit of maintenance. 

After about an hour of searching the established website section, I began to look at the sold section. The sold section of Flippa shows what sold, and gave me a better idea of what kinds of sites were the most valuable. 

After examining a few of the sites with the most bids, I noticed 2 things.  

  • The first was although there are a few different ways to monetize a website, the ones that used affiliate programs were consistently the most profitable.
  • The second thing I noticed is that the websites that performed best with a substantial return sold for about 7 to 10 times what they earn per month. For example, a website that was generating $1000 a month could easily sell for $10,000.

Most of the affiliate websites were just simple review sites, on WordPress blogs. 

Then I heard it….my brain said to me

Man I can do that….”

Whenever I say that to myself, it’s usually the start of something profitable.

So I’ve decided to create my own niche site using the Amazon Associates affiliate program, and document my procedures on the way.

What is Affiliate Marketing?

Affiliate marketing is a program offered by websites that tracks the purchases of customers that are referred from your website and then issues you a commission for it. For example, let’s say I have a website about Pool table reviews. And let’ say we have a guy…let’s call him Joe, stumbles on to my site and sees a pool table he likes.

Joe clicks on the picture and is taken to Amazon where he completes the purchase. Upon his checkout, I  receive a percentage of that sale.




How much can you make with Amazon Associates affiliate program?

Darren Rowse averages 60K per year with the Amazon affiliate program. I’ve heard of larger entities that are doing $90,000 a month……and that’s not a typo I mean MONTH! 

Here’s the thing though, a lot of people talk crap about the Amazon’s affiliate program because of the low commission. Amazon starts you off at a 4% commission. I know there are literally hundreds of affiliate programs there that pay higher like Commission Junkie or ClickBank, but Amazon has a history of turning window shoppers into conversions.

My goal: To create a niche site from scratch that generates $500 per month within the next 6 months!

Here’s what I’ve done so far:

I already set up an account with Amazon’s Associate program. I did some keyword research and chose a niche.

As of 10/16/16 I have also purchased weeb hosting and a domain based on the niche I chose(I keeping this a secret for now:). I spent $100.

10/17/16 I started a blog. If you want to learn how to start a blog click here!

I decided my site will be a review site for products in my niche. I chose a review site because people who are looking for reviews on the internet are in “buy mode”.

I created a front page and loaded it a comparison table with 15 products from my niche. The front page also gives a little history on the product and narrows down the top 3 products that I will be recommending as the best options

What I plan to do over the course of the next month:

Do keyword research and generate a list of 10 keywords that I can rank for that will attract buyers. Keywords with things like “Best + your niche”, “your niche + review”, or “your niche + buyers guide” tend to be popular for people looking to buy. The more specific you can be the better.

You can rank your website for keywords by creating a blog for your website and creating articles on those topics. For example, if you had a niche site about survival backpacks, some things you might want to rank for and subsequently create articles about are:

“Best Survival Backpacks”

“Survival Backpack Buyer Guide”

“Best Survival Backpacks for 2016”

etc.

For each keyword you want to rank for, you need to write a unique article. This takes time. You can outsource this on Fiverr, but sometimes the quality of articles can be either poor or contain broken language. You can get higher quality articles from sites like Odesk and Freelancer, but these sites will likely charge you more.




SEO

SEO or search engine optimization is super important for this project. SEO is what determines how well your site ranks within google. Sites that make it to the first page of google are rewarded with tons of targeted, organic traffic. Targeted organic traffic = Buyers

Targeted organic traffic = Buyers!

Before I get into the gritty details of SEO, I checked to see which sites from my niche were ranking on the first page of google. My browser has the Mozbar installed so I am able to tell from a google search which sites are weak, and that I could potentially outrank.

Sites with low DA and PA or domain authority and page authority and few backlinks can usually be outranked.

The result was that there are a few competitors with low DA and PA, so I’m hoping I can outrank them soon. 

With the Mozbar you can also see how many backlinks your competition has as well as where they come from, so if they are something like blog comments or article submissions, you can copy their strategy.

I’m not going to lie, I’m probably going to buy some backlinks. A lot of SEO experts advise against buying links, but I’m not talking about the crappy 99,999 backlinks for $5 package on Fiverr. I plan to create a diverse backlink profile consisting of the following:

  • Add my site to the google console. What better way to get google to notice us, than to register within their program.
  • Buy a logo for my website from Fiverr. I’m no photoshop expert, and it’s only $5
  • Submit my site URL to google and bing. Make sure they know about me.
  • Create social media branding. I am going to open a twitter account and create a facebook page for my review site.
  • Make 15-25 blog comments. I plan to do this myself, making genuine comments on blogs that are relevant to my niche. I am not going to spam my link, I will just link my website through my name. I don’t want to outsource this because I want my comments to get approved and I don’t want comments on irrelevant blogs.
  • I am going to write 10 articles, likely individual reviews for the products from my home page.
  • I am going to buy  5-10 guest post on relevant blogs
  • Buy some article directory submissions. I plan to outsource this.

 

The Budget: $500

What I’ve spent so far!

Ok so remember my goal is to make $500 a month, and websites generally go for 10 x more than its monthly income. I say all that to say I am looking to create a site that I would have spent $5000 on. So far I have spent $88 on hosting and my domain name.

 

Final thoughts:

I know creating niche amazon affiliate website can be difficult and ranking takes time. I plan to update this once a month but since ranking can take time, it may be boring for the next few months….hang in there with me 🙂

I am going to have to spend some more money on SEO and a logo to make my site look good.

 

Have you experimented with affiliate marketing? Do you have some good strategies? Are you a newbie looking to learn?

Let me know in the comments section below.