Yeah but all the traffic is looking for lyrics to songs. It's got to be among some of the worst converting traffic there is, same as forum traffic.
With the greatest respect, my most successful venture online was allegedly a 'low paying niche' and ended up making me $3000 a month passive income over 2.5 years with 15 pages of content and no attempt at all at off page SEO, so I'll give it a whirl. If you can generate a large amount of traffic you can find a way to make it work for you.... much of that traffic looking for lyrics will have youtube open in another window, and the uploader to youtube will be looking to squeeze traffic through their itunes link to purchase the associated album or ep, I'll have a crack at squeezing some of it through my links.
And if I don't make any money then does it matter? Everybody is double quick keen to tell people that X and Y niche won't make any money, but will never tell them which ones do. Every niche is congested, but I think looking for some sort of get rich quick scheme is completely the wrong way to look at things....
.... how about I build the site I want to see exist, enjoy building it, and if it gets traffic somewhere down the line have a go at making it work for me? I much prefer that way of working. I'm not driving a 50 grand car, but I've never hit my overdraft so it suits me.
I mean.... yeah there's loads of money to be made writing about 'money saving' or whatever, but it would bore me senseless and would probably require some serious financial investment to crack it, expensive facebook ads for facebook followers etc, so there is always the risk-reward ratio.
If I'm risking nothing, which I'm not, then making no money isn't a problem. Now if I were paying somebody £5k to build me an all bells and whistles custom lyrics site and predicting I'd be a millionaire this time next year then by all means call me an idiot....
... but some sites are a labour of love, Jimmy Wales is not a millionaire. I'm just building a site which I think should exist, mostly for fun and my initial target is always for a site to just pay for itself and not be a financial liability.... I need a whopping $90 a year for this to cover its share of my hosting bill and domain renewal for it to 'pay for itself'.
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