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April 21, 2008
After the overwhelming number of emails in response to my Can You Make Money Online? post, I thought I would show you one of the things I am doing to make a little extra money.
I am creating a few Build A Niche Stores, which are commonly referred to as BANS Stores.
BANS is a software that allows you to instantly create a store composed of eBay items. You then get a commission on any items that someone buys if they got to eBay through your site. It is ridiculous how fast it is to create a store. For example, I created ChristmasPeddler.com this morning which only took 10 minutes. Now if you spend a little more time on it, you can get something like GiftCardTime.com, which is a little more pleasing to the eye.
The software is pretty self explainatory and very easy to get up and running. Before setting up these stores I only knew a little about web hosting and blogs, which is what I needed to know to get BudgetCents.net up and running.
There are a few things you need to get a BANS store running.
- Ebay Affiliate Account – You will need to sign up for a free Ebay Affiliate Account. This is how you get paid. When you create a store you need to add your Ebay Affiliate ID to your store. Ebay then tracks this id when someone purchases something and deposits the commision in your account.
- Build A Niche Stores Software – This will cost you $97. Now don’t buy this if you aren’t going to be dedicated to it. It will take sometime to get your money back once you get started, but if you do this right, the software should pay for itself
- You will need a hosting account. I use and recommend HostGator Shared Web Hosting
. The web hosting plan I recommend is the “Baby” Linux Hosting Plan. You can have an unlimited number of sites for $10 per month. So I have this blog as well as my 10 BANS sites all on my HostGator account all for $10 per month.
- And lastly you need to buy a domain name for your store. I get all my domains through GoDaddy.com
. A domain name will run you around $10 / year.
Obviously there is a little money that you need to invest in this to get up and going. If you are not planning on spending the time to get your sites up and dress them up a bit, don’t spend your money as this is not a get rich quick scheme. You are creating a ligitimate eBay store and receving commission from them for directing people to their site.
This is a great way to make a little side money, but you have to be dedicated, otherwise you will not succeed.
Thus far I have created 10 BANS stores. And in the 4 weeks I have had the stores up, I have made $133, so about $13 per each store on average. Ok, now you think that isn’t much, but think about creating 100 stores and making $13 a month on each of them. Would you think $1300 per month isn’t that much, for something that you can create don’t have to constantly make updates to?
So if you are interested in trying your hand in the online game, this is probably the best way to start. I have had a little success and my hopes is to scale this and make much more. I will post regularly on this to show my progress. Also, If you decide to try this out and have issues, defineltly send me a comment or question via my contact page and I will do what I can to help you out.
NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.
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This sounds like a great idea. I have seen stores like this before and had no idea that it was so simple to set one up yourself. It is very tempting to have a go in some niche areas that I know about. My only concern would be marketing the website. Do you spend a lot of time on this?
Rachel @ Master Your Card’s last blog post..What’s on your Credit Report?
Great post, I think many people are seeking ways to make money online. This post definitely will help them.
cardoffer’s last blog post..Update on 2008 Chase Check Card Promotion
Rachel: I thought that was going to be an issue as well, but it is not.
All I did was submit the site URL to a view search engines and directories. It seems that from doing that Google has already indexed my sites. People are finding them by searching in Google on exact items and my site is coming back in the search results.
I use a free website statistics site called StatCounter.com. It shows me the exact URL that brought people to my page and a search keyword if they came from Google, Yahoo, etc.
Here is an example. I created a store called XboxShopper.com. If you do a search for “Madden Xbox Games” (keep the double quotes) in Google, you will see that my site shows up on the first page of google. And I really didin’t do anything special to get it there. Maybe Google just likes these kinds of stores.