The ability to build and manage multiple successful niche website can create a new source of income. This is an especially critical skill if your goal is to replace your primary source of income. Here is an example of someone who has obviously mastered this skill: Pat Flynn from Smart Passive Income. Take a look at the recent monthly income reports at Smart Passive Income (and brace yourself for a shock). It is clear that Mr. Flynn works very hard and that he successfully manages many projects at once.
Increase Your Earning Potential With Several Niche Sites
You limit your niche website income if you can only work on one niche website (one project) at a time. Your maximum earning potential is capped by the one, single website. This is okay if you are only looking to supplement your income. However, if you wish to replace your income so you can quit your day job, then you need to create multiple sources of income.
But Wait. Don’t Get Ahead Of Yourself…
It is very dangerous to initiate several sites when you are first getting started with niche websites. You should focus on one website first to ensure you have a solid understanding of the processes and steps. If you have already tried to start several websites, that’s okay. I have a metaphorical shelf full of niche sites that I started but didn’t finish. I realized that I should work on one website until I was proficient with the process.
If you are beginning your journey with niche websites then you should not try to do too much, too soon. Starting a niche website can be overwhelming – take it slow to start so you won’t become frustrated to the point of giving up.
Get Rid of That Overwhelmed Feeling
It can be overwhelming to work on several projects or even more than one project at a time. Why is that? There are so many things to do!
- Keyword Research
- First Page Competition Analysis
- Link Building
- Writing Content
- More Link Building
- Finding Virtual Assistants
- More Content
- Promotion & Outreach
- And, did I mention Link Building…
Each item above has many details, several layers deep, to consider. You may need to do research for one of the tasks before you can start. Simply working on whatever you feel like without any structure is a recipe for not reaching your potential. It is also terribly inefficient.
How to Manage Several Niche Sites (or Other Projects)
To achieve success working on more that one project at a time, you need to have a full understanding about all of your projects. This means you should know:
- What tasks to complete,
- The order of the tasks,
- If any tasks are dependent on other tasks.
Set aside two 1-hour segments of time. The two work periods can be on consecutive days. Go through this process:
- List your projects.
- List the tasks of each project
- Try to breakdown the tasks into small chunks of work. The rule of thumb is to breakdown the work into chunks that take 60–90 minutes or less to complete.
- Take a break and review the list later – you will probably think of a few more tasks.
- Review your tasks starting at the beginning and determine if the task is dependent on any other tasks. For example, you cannot install WordPress until you have a hosting account.
Now, you have a generic project plan of how to build a niche website. You created a list of ordered tasks with the dependencies between the tasks noted. This is very powerful. You now should clearly see the amount of intense work required early in the project. After the intense beginning the tasks take a shorter amount of time and they are more spread out as the project progress. Why does this matter?
You can work on a few niche websites at one time. It takes about two to three weeks to start a website. Once you move beyond the initial starting tasks, you have downtime that you can use to research your next site. If you can outsource the content creation and link building, then you can start on other websites even sooner.
Check out the image below from the previous post and notice the addition. You can start new niche site projects and work on them in parallel by staggering the starts.
This type of structure and organization is necessary if you wish to successfully create multiple websites in parallel. However, you will not be successful without a structured task list or project plans, daily stand-up meetings, and the ability to stay on task. Good luck!
Adam Roseland from Niche Site U recently posted an article covering a similar topic with a different spin. Thanks, Adam!
Photo Credit: Flickr - Palos Verdes Library District