105. How to Start a $100K/Month Online Business

The UpFlip Podcast

Spencer Haws started Niche Pursuits in 2011 as a blog to share his strategies for building niche websites. He’s built it into a thriving online business with multiple revenue streams that bring in over 6 figures every month. You’ll get his advice on how to start an online business with big growth potential in this interview.

A big key to Spencer’s success has been his ability to create software, plugins, and other tech ventures that solve his audience’s problems. He’ll explain his strategies for identifying and satisfying his customers’ needs, and how other entrepreneurs can turn that knowledge into a lucrative business venture.

Spencer used a variety of strategies to monetize his blog and turn Niche Pursuits into a profitable business. From affiliate marketing to creating and selling products, there are a variety of ways to make money with an online venture. In this episode, you’ll hear the ones that worked for him, the challenges he had to overcome to build Niche Pursuits, and his advice for aspiring online entrepreneurs who want to follow in his footsteps.

Resources

• NichePursuits.com - Learn more about the business at their website
• Niche Pursuits podcast - Hear more advice from Spencer in his podcast
• UpFlip Newsletter - Get business advice and insights delivered straight to your inbox
• UpFlip HUB - More actionable advice to start a business in any niche
• How I Make $19M/Year with Affiliate Marketing - UpFlip podcast episode 88 with David Tao of BarBend

Connect with UpFlip:

• On Facebook
• On Instagram
• On Youtube
• @UpFlipOfficial on Twitter

For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.

Thanks for listening!

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1. 105. How to Start a $100K/Month Online Business (00:00:00)

2. Background Story (00:02:00)

3. Startup Costs (00:04:41)

4. Revenue Growth (00:07:56)

5. Core Services (00:09:08)

6. Biggest Mistake (00:10:37)

7. Market Research (00:14:11)

8. Identifying Problems to Solve (00:16:56)

9. Fan Blitz Questions (00:20:15)

10. Advertising Spend (00:22:19)

11. Revenue Streams (00:24:09)

12. Expenses (00:24:55)

13. Hiring (00:26:08)

14. Biggest Failure (00:28:27)

15. Proudest Moment (00:33:32)