High Paying Niche Experiment - Update #5

My Progress This Week

This last week has all been about building backlinks. I now have 6 pages created, two in each niche on two different platforms. Out of those 6 pages, only two are now indexed at all, one at position #9 which is bringing in 20-30 visitors a day and the other at #17. I haven’t added analytics to the second one yet. I’ve submitted my pages to the Edge Networker, I’ve had a play around with Yahoo Answers, submitted my pages to quite a few social bookmarking sites but I have not yet found any blogs in my niches that ‘do follow’.

I’ve put all this together on a spreadsheet to make it easier to track. I never did find a ranking tool that I was happy with but Dan from the Immediate Edge has just announced the imminent launch of a tool called ‘Edge Tracker’ which sounds like it will do what I want. So I am making do with manual tracking for the moment - I’m using this tool from ShoeMoney:

http://www.shoemoney.com/serps.php

I’ve had about 50 hits to my ‘money page’ (the affiliate’s sales page) and still zero sales.

Status of the Experiment

Keeping the big picture in mind, the purpose of the experiment is to find out if it is more difficult to sell higher priced products than cheap ones. It becomes evident to me now that at this rate of progress, it’s going to take me an age to find out. And frankly, I don’t care any more, I just want to make a sale :-) Plus, what I really wanted to do with the experiment was test the theory on really big ticket items, and I simply couldn’t find any worth promoting so it’s not such a good test.

It has been a real nuisance trying to work equally in three niches at once. I feel like I could have got started earlier had I focused on just a single niche. Plus I have simply overwhelmed myself with work. Again, I would probably be better off with six pages in one niche, than just two each spread around. It was a bad idea to start out by working on three things at once in addition to the work I am doing on this blog, so I am stopping work on this experiment in its current form.

Where Now From Here?

I’m going to borrow an idea from Dan Raine… in his Immediate Edge he does work on several projects. He has an Affiliate project, and Info Product project, a Viral project and so on. I like this project based approach and that’s what I’m going to do from now on. However, unlike Dan, I’m only going to work on one project at a time so that I can stay more focussed and hopefully make more progress overall.

From the point of view of blogging, I will create a static project page for the project I am working on and all details related to that project will be linked from that page. I think this will make it easier for people to follow along with projects they are interested in, and if the projects turn out to be profitable, implement those same kinds of projects themselves.

In tomorrow’s blog post I will discuss all the ideas that I have at the moment, how I intend to break those ideas down into concrete projects and I’ll open up my first project page.

One thing I’d just like to close with… I kind of feel bad for abandoning this experiment after such a short time, it’s only been a few weeks. But I think there is a fine line between needing to stick something out and knowing when an idea was poor and when to quit. I believe this was a bad idea and I feel I’ve made the right decision by starting over with a new project after taking into account all the new information I have absorbed over the last few weeks.

Stumble it!