Expenses
ManageWP: $115
Pingler: $5
Aweber: $1
Social Adr: $94
Ezarticle link subscription: $30
Free Jing and ScreenCast Subscription for
easily explaining things to workers : $10
Whoosh rank tracking subscription: $50
EZarticle spin credits: $360
Copyscape: $0
AMR/UAW outsourcing: $360
Odesk writing and outsourcing: $1,320
Domains and hosting: $1,241.36
website creation outsourcing: $0
Header: $0
Total expenses: $3,586.36
My expenses are still pretty high, but that’s only because I’ve absorbed some of the expenses from last month’s high expenses into this month. The month of May should see a significant reduction in expenses.
Seeing Results
I’m very confident now about my process as I had my first $100 adsense day this month! My average daily income is rapidly increasing. I used to be quite happy with a $50/day…but now if I’m not at at least $80 I am not satisfied.
But, Mike, you’re spending a lot of money!!!
Yes, but if I decided to sell my website portfolio today I could easily get $20,000-$40,000 for it at 10X to 20x monthly income (at $2,000/month) on Flippa. I’ve invested less than $12,000 to make these websites. So if you forget about the monthly profit I’ve made from Adsense then I could get a 100-300% return on my investment. Not too shabby.
Good article, But I think you still spend a lot of money, I do not think you will be able to flipp site whit one profit month, You should earn more money for many months to find buyer for your website with good price.
I wish to you more profit 🙂
Ibraheem,
You’re right about not being able to flip a site with only one month’s profit proof. That’s why I’d like to get atleast three month’s proof before selling them.
Correct me if I’m wrong but I think some of Mike’s websites are older than 3 months? If so he can easily cover this cost by selling. It doesn’t really matter how much you’re spending; just spend less than you earn! 🙂
Andre is right. I have a lot of websites over 3 months old, but I didn’t have google analytics on them before. I want to be able to provide good income and traffic proof when I sell the sites on Flippa in the future.