I have numerous income streams, but right now this one is my home run! Even though it is a really small niche website, there is a variety of products and services I offer to make the big bucks!
My Income Streams
In this episode, I am going to tell you a little bit more information about my current income revenue stream Appraiserincome.com and make money online is one of my best ones right now. I still have a ton of different streams coming in and they all add up to a nice, but this was one of my first blogs where I really started from scratch, really took my time to build it out. I did not know which direction I was going to take it in and then really started to get more into affiliate marketing, figure out how I could actually monetize the website and it has been a huge success, especially over the past couple of years.
I am going to talk to you a little bit about AppraiserIncome.com. You can bring it up on your computer if you are there right now and kind of look around. It is not super flashy. It is not even super clean. It is a little bit cluttered. I never really did a huge amount of updating to the template since I started it quite a long time ago, so keep that in mind. Appraisers are not a very tech-savvy group of individuals and I found that sometimes having a website that looks almost amateurish helps with your sales. I once had a website back in the late 90s and it had a really amateurish feel and look to it and that site was raking in the dough. So I got it professionally redesigned. I still had all the links in primarily the same area. It just looked a lot of clearer and a lot more professional. Had some really nice looking graphics and stuff on it as well and my sales dropped almost in half. It was crazy and it kind of went towards people, the common man type-guys and I think I discouraged some of them or it turned them off from where it was a really an amateurish-looking website to more of a pro-looking corporate website.
About 2009, the industry really started to change and you had to have a four-year degree now to become an appraiser. You had to go through all this additional classes and there was a lot of really good things put into effect, but at the same time all of the work started to come from appraisal management companies. To become an appraiser you have to be a trainee for about a year and you have to work under a mentor who will teach you really the ropes of the business. You are learning a bunch in all the classes but you really get the experience by working under the mentor and it is a requirement. You have to do like 2,300 hours of work under a mentor.
Duplicate what I do to make money online
If you have an area of expertise where you think people would be willing to pay for that information and it is a fairly large market, not super tiny micro niche, then you mostly have, that you could duplicate exactly what I have done with Appraiser Income. You do not have to be an expert but it is definitely a lot easier if you are an expert in that area or if you have a lot of knowledge about that, but it can be anything that you are into. It could be a hobby. It could be just your interests. It could be your passion. What do you normally find yourself talking about when you meet up with friends or when you meet someone new, what do you usually talk about? Sometimes there is a common area that you might cover. I am just a sucker for real estate. Real estate is always in the news. I love real estate. I could talk your ear off about real estate but, it all depends what your passion is. That is mine. Another one of my crazy passions is metal detecting and meteorite hunting and gold detecting and I just like the desert. Anything I can do other than just walk around the desert floor and pick up rocks, even though I do love doing that, I just like doing that type of stuff so. Anyhow, if you have a passion though that you have a lot of information about that you read magazines and books and search online for stuff, that would be a good blog.
What I did specifically on Appraiser Income you could do this. It is not the biggest market in the world but by focusing on them they could easily find me when searching for related appraisal news and things along that line. When the appraisal management companies moved into the playing field that was a completely different game and to stay, to continue being an appraiser you had to work with these appraisal management companies to get those orders for refinances and purchases. It is essentially a vendor list.
Every Industry Needs a Vendor’s List
All appraisers needed some type of vendor list or to do the research themselves to find as many of these appraisal management companies and, every industry has something like that. If you are in construction or carpeting or you know a painter or something, there is always a way to locate a vendor list of suppliers, property management companies. There is tons of products and services that cater towards that types of businesses and if you are new to entering that area you are wanting to get on the Internet and get that information as quickly as possible and you will be willing to pay for it especially if it is going to help your business. If you have a bike repair company, there could be a huge list of vendors for just bicycle parts, but then there could be a whole new list of vendors for really customizable products for bikes. They could all come from China. You could have China distributors that you could order that stuff from and you could sell that list to people that are also in bike repair customization. In every industry there is a vendor list.
This podcast continues on to Episode 4b.