Summiz Summary

Do this to build a $200,000 side hustle (The Online Directory Blueprint)

Thumbnail image for Do this to build a $200,000 side hustle (The Online Directory Blueprint)
Summary

Greg Isenberg


Conversation Summary

☀️ Quick Takes

Is this Conversation Clickbait?

Our analysis suggests that the Conversation is not clickbait because it provides actionable steps and strategies for building a $200,000 side hustle through online directories, addressing the title's claim.

1-Sentence-Summary

The Online Directory Blueprint outlines a strategy for building a profitable side hustle by creating an online directory, emphasizing the importance of SEO, leveraging AI and no-code tools, and exploring multiple monetization methods such as affiliate links, paid listings, and banner ads to potentially earn $5K to $10K per month.

Favorite Quote from the Author

the main thing is most of these ideas don't need a single investor some cost nothing to start I'm pretty much handing you a cheat sheet the idea bank is your startup shortcut

💨 tl;dr

Online directories are a low-risk side hustle opportunity in a booming market. Start with keyword research, prioritize SEO, and validate multiple ideas. Use social media for traffic and monetize through ads or sponsorships. Quick launches with no-code tools are key.

💡 Key Ideas

  • Online directories present a low-risk startup opportunity, thriving in a 'Golden Era' due to demand for curated content.
  • Keyword research is vital for idea validation; tools like Google’s Keyword Planner can assess traffic and competition.
  • Exact match domains enhance visibility, but Google's SEO now values meaning over strict matches.
  • Simple directory setups can quickly launch; AI can generate content efficiently, and SEO is essential for visibility.
  • Testing multiple directory ideas is crucial; focus on validating traffic and user interest initially.
  • Social media and Reddit engagement can drive traffic, and backlinks from social media are highly valued by Google.
  • Monetization options include affiliate links, banner ads, sponsorships, and charging for listings or access to premium data.
  • Directories can be effective marketing tools for SaaS products, channeling traffic to them instead of competing directly.
  • They can earn substantial income as side projects, with consistent traffic leading to reliable ad revenue.
  • Successful directories, like Starter Story and Product Hunt, showcase the potential for scalability in this model.

🎓 Lessons Learnt

  • Start with keyword research for your directory idea. Use tools like Google’s Keyword Planner to validate your concept based on what people are actually searching for.

  • Prioritize SEO and high-quality content. More content and proper internal linking will improve your search rankings; ensure your directory has valuable and accurate information.

  • Launch quickly with no-code tools. These tools allow for faster setup and streamline marketing efforts, making it easier to start your directory without technical hassles.

  • Validate multiple ideas before settling. Test at least five directory concepts and focus on the one that performs best after a month instead of sticking to a single idea.

  • Engage with your audience on social media and relevant platforms. Utilize places like Reddit to promote your directory and increase visibility through discussions.

  • Monetize through sponsorships and affiliate marketing. For B2B directories, consider charging businesses for listings or using affiliate links for expensive items to generate revenue.

  • Keep your directory updated and relevant. Regularly refresh your content to maintain accuracy and attract organic traffic, especially as trends change.

  • Manage directories as side projects. They are lower risk and easier to handle compared to SaaS, allowing for a modest income without overwhelming commitment.

  • Expect gradual growth and be patient. Initial earnings may be modest, but with time and effort, directories can lead to consistent revenue through SEO and audience engagement.

  • Automate repetitive tasks and monitor performance. Use tools for SEO and content generation to save time, and keep an eye on traffic to adjust strategies quickly if needed.

🌚 Conclusion

Directories can generate substantial income as side projects with consistent traffic. Focus on quality content, audience engagement, and patience for growth. Automate tasks and keep content fresh to maintain relevance and attract users.

Want to get your own summary?

In-Depth

Worried about missing something? This section includes all the Key Ideas and Lessons Learnt from the Conversation. We've ensured nothing is skipped or missed.

All Key Ideas

Online Directories Insights

  • Online directories are becoming increasingly popular and offer a low-risk startup opportunity.
  • There’s a 'Golden Era of directories' due to the demand for curated content as internet content quality improves.
  • Keyword research is essential for finding valuable directory ideas and validating them.
  • Google’s Keyword Planner is a useful tool for assessing traffic and competition for directory-related keywords.
  • Matching the directory name with the keyword is important for SEO and visibility.

Key Insights on Domain Names and Website Building

  • Importance of exact match domains for traffic and search visibility.
  • Google now prioritizes meaning over exact word matches in SEO.
  • Creative domain name selection can lead to available options for startups.
  • Building directories without coding (no code) allows for faster launch and easier marketing integration.
  • Modern CMS and web builders support marketing tools out of the box, making them preferable for directory creation.
  • The Unicorn platform is a simple website builder that has evolved into a directory builder.

Directory Content Strategies

  • For a new directory, start simple with just a name and items; features can come later.
  • AI can help generate directory content quickly, saving time while still ensuring quality.
  • SEO is crucial; more text and items increase chances of ranking higher in search results.
  • FAQs can capture popular search queries, helping to drive traffic to the site.
  • Many people overlook simple strategies because they assume valuable methods must be complex.
  • Validate assumptions through minimal effort before expanding content based on traffic insights.

Insights on Business and Marketing Strategies

  • AI can be useful for experiments, but human effort is crucial for quality.
  • The directory created is focused on small business ideas, validated for traffic.
  • It's important to test multiple ideas simultaneously to mitigate disappointment from failures.
  • Promoting the directory involves engaging on Reddit, responding strategically to relevant articles.
  • Listing the directory in other relevant directories can drive traffic.
  • Social media engagement is effective for traffic generation, especially when tied to viral content.
  • Google values backlinks from social media, potentially more than traditional backlinks.

SEO Strategies and Considerations

  • SEO is crucial for growing online directories and should be done after validating the idea through initial traffic.
  • The speaker has built a tool to automate SEO processes, mimicking their own actions for efficiency.
  • Content generation should be done carefully, with a focus on quality and a controlled number of articles in the first month to avoid being flagged as spam by Google.
  • The importance of keyword research, internal linking, and site structure in effective SEO strategies is emphasized.
  • The speaker prefers using technology and AI tools for SEO to avoid reliance on social media ads for traffic.
  • Lack of traffic can be challenging to fix, making initial validation of ideas critical.

Directory Traffic Insights

  • If a directory has no traffic in the first month, something is fundamentally wrong, possibly the domain or keyword choice.
  • It’s recommended to create multiple directory ideas and focus on the one that performs best after 30 days.
  • Initial focus should be on validating potential SEO traffic and user interest, rather than perfecting the directory.
  • The quality of data in the directory is crucial; experts will quickly recognize low-quality content.
  • High-quality data can lead to sharing by influencers, creating an organic growth cycle.
  • Constant monitoring of relevant trends and quick updates to the directory can drive traffic from Google.

Monetization Strategies for Directories

  • There are multiple ways to monetize directories, especially depending on the audience (B2B vs. B2C).
  • Businesses can be pitched for banner spots or sponsorship options, especially if they share the same audience.
  • Affiliate links work well for high-cost items on directories, providing significant income.
  • Selling anonymized data or insights can generate income, particularly by targeting corporates.
  • Charging for listings can be effective; specific niches (like nannies) may pay well for visibility.
  • Access fees can be charged for premium data or listings, appealing to users looking for specific information.
  • Brand sponsorships can provide ongoing revenue without negatively impacting user experience.

Benefits and Considerations of Directories for SaaS Tools

  • Instead of competing for SEO traffic for a SaaS tool, it's more effective to create directories that channel traffic to the tool.
  • Directories can attract traffic for keywords that are less competitive and less expensive than those for SaaS products.
  • Directories can be sold to SaaS companies targeting the same audience, making them valuable assets.
  • The cost of directories varies widely, starting from around $2K for small ones to about $100K for larger ones.
  • Directories often don't have revenue-based pricing, so their value is more based on traffic and audience.
  • Directories can be found through small marketplaces or by directly reaching out to founders.
  • A well-managed directory can generate significant traffic, making it a cost-effective marketing avenue.

Benefits of Directories as Digital Products

  • Directories can earn up to 20K as side projects, with potential for 5K to 10K monthly income.
  • Directories are a safer option for building digital products compared to SaaS, which has a high failure rate.
  • Achieving stable traffic of 5K visits a month for a B2B directory can lead to consistent ad revenue of 3-4K monthly.
  • SEO growth is more reliable for directories, especially due to non-competitive keywords.
  • Successful examples include Starter Story and Product Hunt, which started as directories and scaled significantly.

All Lessons Learnt

Directory Development Tips

  • Start with keyword research for directory ideas. Use tools like Google's Keyword Planner to identify what people are searching for and validate your directory concept before building it.
  • Directories are becoming more relevant. As content on the internet increases, curated directories offer trusted, quality information, filling the gap for users looking for reliable content.
  • Domain name matters. Ensure your directory's domain name matches the keyword you’re targeting for better SEO and easier branding.
  • People struggle with finding startup ideas. The hottest part of starting a business is generating and validating ideas, and many seek guidance on this through online searches.

Tips for Launching a Directory

  • Be Creative in Domain Selection: Always look for available domain names that are variations of your keywords. Don't settle for taken domains; explore synonyms or different phrasing.
  • No-Code is Faster and More Efficient: Using no-code tools allows you to launch quicker and simplifies future marketing tasks, as modern CMS platforms have built-in features that save you time and effort.
  • Start Simple with Your Directory: When launching a directory, focus on the essential features first. Avoid overcomplicating things with too many initial features; keep it straightforward to get started.

Directory Development Tips

  • Start with a simple directory.
  • Use AI to generate content quickly.
  • Prioritize SEO by having more content.
  • FAQ sections are crucial for SEO.
  • Research what people are searching for.
  • Validate assumptions with minimal effort.

Tips for Project Success

  • Invest proper human time into your projects. AI can help, but adding your personal touch will make the outcome significantly better.
  • Quickly validate your ideas. If it takes more than one evening to create something, rethink your method to avoid slow progress.
  • Test multiple ideas at once. Betting on 5-10 ideas reduces disappointment if one fails, allowing for quicker validation.
  • Promote your directory effectively. Use platforms like Reddit to engage with relevant discussions and share your URL where appropriate.
  • Leverage other directories for traffic. Submit your directory to relevant existing directories to gain initial visibility and traffic.
  • Utilize social media for promotion. Respond to relevant questions with your directory link; high-visibility tweets can significantly boost your traffic and search rankings.

SEO Tips

  • Validate your idea before diving into SEO. If your posts get no clicks, it's a sign to rethink your approach or domain name.
  • Start with a limited number of articles. In the first month, limit yourself to 10 articles to avoid being flagged as spam by Google.
  • Use internal linking and keyword research as part of your SEO strategy. SEO is about more than just content; it's about structure too.
  • Monitor traffic after a month. If there's no traffic, fixing it can be really hard, so assess performance before moving on.
  • Automate repetitive SEO tasks. Use tools to handle keyword research and content generation to save time and increase efficiency.

Directory Development Tips

  • Don't fall in love with your first directory idea. Test multiple concepts (at least five) and focus on the one that performs best after 30 days instead of forcing a failing idea.
  • Prioritize validation over perfection in the early stages. In the first month, focus on validating interest and potential traffic rather than creating a perfect directory.
  • High-quality data is crucial for success. Ensure your directory has accurate and comprehensive information; experts will quickly spot poor quality and won't share it if it lacks value.
  • Stay updated on relevant topics. Regularly monitor your niche for emerging trends or hot items and add them to your directory quickly to attract organic traffic.
  • Leverage influencers for growth. If your directory's content is high-quality, influencers are likely to share it, leading to organic growth without much additional effort from you.
  • Be proactive with updates. Continuously check and refresh your directory's data to ensure it remains relevant and accurate, especially when new items become popular.

Monetization Strategies for B2B Directories

  • Monetize B2B directories with sponsorships: If your directory targets businesses, reach out to them for banner spots or sponsorship opportunities. They may be willing to pay to feature prominently.
  • Use affiliate links for high-cost items: Affiliate marketing works better with expensive items. If your directory features items worth hundreds or thousands, you can earn significant commissions.
  • Sell anonymized data and insights: You can generate income by selling insights or anonymized data to corporations. Just ensure you don’t sell private data.
  • Implement a paywall for listings: Charge businesses to be listed in your directory. This works well if you have significant traffic and the right audience.
  • Charge for access to valuable data: Offer limited access to your directory and charge users to unlock full contact details or additional information.
  • Find brand sponsors for ongoing deals: Once your directory grows, approach big brands for sponsorships. They may pay regularly for brand visibility without needing traffic from your site.

Directory Strategies for SaaS

  • Use directories to channel traffic: Instead of competing directly for SEO traffic with your product, create a directory that draws traffic and directs it to your SaaS tools. This method can yield higher traffic without the competitive keyword costs.
  • Sell directories to SaaS companies: You can monetize directories by selling them to SaaS companies that share the same audience, as they will find value in the traffic the directory provides.
  • Directories are cheaper than other ads: Buying directories can be more cost-effective than newsletter ads or other marketing methods because they often have lower competition and can provide significant traffic for a lower investment.
  • Research traffic before buying: When considering purchasing a directory, use tools like SimilarWeb to analyze traffic and audience demographics before making an offer to ensure a good deal.
  • Surprise offers can lead to better deals: If you approach a directory owner with an unexpected offer, they might be willing to sell for less than they initially expected, leading to a better investment for you.
  • Directories can be managed by small teams: You don't need a large team to operate a directory; even a small or micro team can successfully run one and achieve decent revenue.

Tips for Starting Directories as Side Projects

  • Start with directories for side projects: Directories are easier to manage and have a lower risk of failure compared to SaaS, making them ideal for side hustles.
  • Expect modest earnings initially: Aim for around $5K to $10K monthly from directories, especially if you live outside the US, as it's good money in those regions.
  • Directories benefit from SEO: Once established, directories can grow organically through SEO, leading to consistent revenue without constant effort.
  • Launch multiple directories: The more directories you launch, the higher your chances of success; it's hard to fail if you commit time and effort.
  • Quick feedback and results: You’ll see faster progress with directories, like getting traffic and sponsors, which makes the experience more rewarding compared to SaaS.

Want to get your own summary?