Quote Website Business
Quotes as defined are words taken out of a text or speech of someone regarding their thoughts of a certain subject. For example actors can be quoted for their thoughts on acting, politicians for their thoughts on the development of a nation, businessmen for their thoughts on how to run a business.
Anyone can be a source of quotes but most quotes are taken from famous people as people can more easily explain quotes based on the personality behind it. For example Marilyn Monroe has been quoted for her thoughts on love and aloneness since her personal life is a well known example of such subjects.
Income Opportunities and Estimates
First things first: Is there money that can be earned from setting up a quote website? According to information from Quora and Worth of Web for example websites like BrainyQuote earn between $7,000 to $12,000 daily. But this figure varies between websites with some earning less than $100 daily.
Assuming that you have a low income quote website and earn at most $100 daily then you tend to earn approximately $2,800 to $3,100 a month. This might not be much to a person living in the US but in some parts of the world especially in developing countries you would be considered well-off or even rich by their earning standards.
The significance of why I compared the worth of the money earned from the website between a person living in a first and a developing country is important. If you look at these quote websites they have a lot of similarities in content but are just presented in different ways. Anyone can setup their own quote website to cater to a global market.
The person from the developing country has the advantage in terms of business scale and maximisation of income. Anyone trying to compete with their quote website no matter what country you are in should remember the competitive advantage of a person in a developing country offering an identical product with lesser cost and greater income.
Do take note that for example BrainyQuote was registered in 2010 and it is safe to assume that they have already built an audience during these years. They also have their own app which further broadens their reach. Do take note that if you created your own quote website it might take some time before you earn decent income to live off it.
How To Increase Your Product Offerings
As I have said earlier I have checked a few of these quote websites. Three (3) of them in fact and they have a lot of similarities. They categorise their quotes based on the person the quote was taken from and the subject of the quote. The only difference is that they are presented in different ways like one website would have background pictures in their quotes.
A quote website can further offer other products. For example I do not even know the life or work background of the many people presented in these websites. Take note that many people who like quotes can come from any background like country, age, education and so on. Having a background information from whom the quote was taken for is therefore important.
Another product that quote websites can offer is by providing information of what the person quoted for really meant when they said the quote. For example there are many famous people who would say something but later on give further information of what they really meant regarding their quote.
Imagine using a famous person’s quote only later on to be corrected by other people that they know the true meaning of the quote which could be a lot different from your understanding because the other people know the complete and true meaning of the quote. There are even quotes that are recorded incomplete that when completed gives an altogether different message.
Inform about the background environment of the quote. For example World War 2 quotes from Winston Churchill the prime minister of Britain during those times are still known by certain people but chances are people from the current era do not even know him and his personal background.
You cannot even ask much of the young people of today to relate to the conditions of Word War 2 and apply it to their own lives of today. A person however like a soldier of today might still relate a lot to the quotes of Winston Churchill and might even find a liking for quotes of people who have lived life during World War 2.
All the quotes and these additional products can be sold as digital products such as digital downloads or merchandise. For example a digital download might not only include the quote and the name of the person who quoted it but also a background of the person as well. For example you could offer the quote and the background story behind the quote as a separate product especially for students studying the quote and the quoter.
Additionally you can offer your personal products besides the quote by providing such products like a blog for example that explains how the quote can be applied in real life. You can also offer the positive and negative messages that can be derived from the said quote. For example I later learned that some quotes I have learned since childhood are actually incomplete.
Thanks to the YouTube video for example form alux.com that provided me with the complete quotes I was educated enough that I now know that many of the quotes I learned since childhood have actually more meaning and even different in their complete wordings. As a result I and many others are looking forward to more of these kinds of videos from them which is translates to more income and exposure for them.
How to Promote Your Website
Since quotes are normally short in wordings they can easily be promoted everywhere especially in social media. For example you can use Pinterest to broadcast your quotes and then link them to your website. You can also ask questions regarding quotes on social media and then again link them to your website.
Conclusion
Quote websites are just like any other business where longevity increases your chances of success and with website costs being inexpensive you can continually improve your quote website until hopefully it becomes profitable. You can also add many products associated to the quotes like background information about the quote and to whom the quote was taken.
This allows you to offer more products and services besides just having a website. For example you can create blogs, e-books and other digital downloads to increase your income. You can even further expand your products and services by being an expert on the quotes and the person behind it. You do not only have to blog but can become a speaker as well for example if you are good enough.