How I earn a good income from Nicheolgy

Lots of people have been asking if I’ve retired, or quit the Internet business.

Nothing could be further from the truth. I’ve been as busy as ever, and just taking a refresher break from writing this newsletter.

The thing is (unlike most of the other well known Internet marketers out there) nearly everything I do to earn a crust is in other niches,and doesn’t involve trying to sell something to people desperate for success.

If this "Letter From Phil" newsletter was my main source of income I’d be bombarding you with product pitches so frequently that I’d wear my keyboard out in no time at all. But that’s not my ’style’ and it wouldn’t be in your best interests to keep reading it.

When I write about something here you can be sure it’s because I’m doing it already, and I know it works. If it’s a product review I’ve read it, or used it. If it’s a member site I’m a member. And if I recommend a seminar it’s because I believe it will help you and I’m going to it myself.

Having said that, I’m going to introduce a few changes for 2008.

Change number one is that I’m going to devote more time this coming year to passing on my knowledge. This will mean more frequent newsletters (though how frequent I’m not sure), a new ebook or two, and I’ve also got a number of shorter special reports in mind that I’d like to write for you. A member site could also be in the pipeline.

Change number two is devoting more space here to helping ‘newbies’.

In early November I went to the World Internet Summit in London. WIS is aimed at people new to the world of internet marketing, and four days of sitting among 600 enthusiastic, cheering people, made me realize how out of touch I’ve become with those of you new to all this internet marketing stuff. Things I’ve long taken for granted, and do without really thinking about, are hard for many of you.

So with that in mind I’ve taken on the lovely Megan, an internet business newbie (but very experienced business woman) as a product reviewer. Sometimes just Megan will write about an ebook or software we think will will help you, and sometimes we’ll both chip in with our opinions. Her first review will appear next issue. ( Meantime we’ve set up a blog together – Adventures of an internet marketing newbie )

But today I’m just going to keep this short by wishing you a happy and successful new year, and briefly mentioning one website which has been a cornerstone of my success these past few years. And that’s the Nicheology website.

Membership of the low-cost Nicheology site, which provides you with research and basic ebooks on a wide variety of subjects, can very easily make you a full time income this coming year.

In both 2006 and 2007 I made more from adapting and selling Nicheology products than most people earn in a year in that dreaded word, a j-o-b.

What Nicheology does is give you full rights to ebooks that you can rewrite and improve on, or adapt (for example, into videos or audios) and label as your own work. The keyword research is also all done for you, plus you’re given marketing ideas, links to suitable affiliate programs to make you a backend income stream from the books, plus ideas on how to promote the products.

So rather than trying to find a market that people are interested in, and then finding an affiliate program or creating a product of your own to sell to that market, it’s all done for you.

All you have to do is personalize, and add to or improve, the provided product. And then market it.

This provides you with a tremendous shortcut to success. It might take you months to write an ebook on your own, but you can adapt a Nicheology ebook in days….or even hours if you’re good.

Here’s the link: Nicheology

And here’s a quick quide to succeeding with the products:

# There are two ebooks provided each month. If you’re a fast worker there’s nothing to stop you marketing all of them. But what I usually do is just choose the one that my gut instinct tells me will work best, and concentrate on that one. (BTW if you join now there’s a huge back catalog of ebooks you can tap into)

# You should register a suitable domain name and get hosting. I use both namecheap.com and godaddy.com for my domains, and I suggest you sign up for a reseller account to host your sites because this lets you put up mutliple websites for one monthly fee. One I personally like and use is Dreamhost
When you register the new domain name point the nameservers to your hosting account.

# Good graphic design really helps an ebook sell. So the first thing I do is order a mini site package, which includes a header and an ebook cover, from one of the many providers out there. A good place to get bargains is in the Warriors special offer forum, or WSO as it’s known. (you might be asked to login, but membership is free so just sign up)

# while I’m waiting for the graphics I improve and rewrite the ebook. This is not as hard as it sounds and takes less than a days work. Usually much less. One thing I do is go to prweb.com and grab all the press releases on that topic. Use the search function to find them. People (mostly businesses) that put out press releases want them to be used. That’s what press releases are for. So you’ve got no worries about copyright. So rewrite them, rework them, and incorporate them into your ebook. It’s not a legal requirement, but ideally you should link to the product or business being promoted in the release. I get other content from wikipedia, and I’ve also got a big filing cabinet full of newspaper and magazines clippings on subjects I’m interested in, so I delve into this too. If you haven’t got a clippings library I suggest you start one now.

# When the ebook is finished I go to Ebay and search for ebooks or software on the same, or a related topic, which come with resell rights. And I buy them (often for just a few dollars) to offer as bonuses when people buy the main book from my site. In the Ebay search box just type "resell rights (your topic)" other alternatives are "full rights", "resale rights" and "master rights" followed by the subject of your ebook. Example search: "resell rights curing headaches".

I don’t suggest you try selling the books bought from Ebay in their own right. This is because they’re already oversold and consequently undervalued. They’re great as bonus products though, and add perceived value to ‘your’ new ebook.

Ok, that’ll do for now, because here in England (yep, I’m still here, a long way from my home in sunny Australia) it’s already 9pm and I want to go out to celebrate the new year. If you’re in England you could have as little as 3 hours to join Nicheolgy this year )