Revenue Update for February 2012
Domains and hosting: $746.84
Social Adr: $45
EZarticle spin credits: $180
Ezarticle link subscription: $30
AMR/UAW outsourcing: $120
Odesk writing and research: $523
One year Dropbox: $99 year subscription
Build My Rank:$99
Build My Rank outsourcing 450 links: $120
Whoosh rank tracking subscription: $30
website creation outsourcing: $50
Fiver EMD outsource: $5
Total expenses: $2121.83
WPGoldmine commission: $9.22
Text link ads: $58.33
Total Revenue: $1307.33
Total Profit: $-814.50
Negative profit!!! Don’t be alarmed. I’m just ramping up my website building process. As of February 3rd, 2012 I had 69 niche websites. Today I have 139. Yes, I’ve doubled my websites in one month. Most of these sites only have one page of actual content, but that’s okay as my plan is to build out on the profitable ones.
“But Mike, how can you handle so many websites? Wouldn’t it be better just to focus on a handful?”
I’ve heard a lot of talk these days about how it’s better to just focus on a few websites then have 100’s of them. This is true if you are making websites in competitive niches that need to be constantly updated, but the websites I’m making are low hanging fruit. There is very little if any competition for the keyword phrases that I’m targeting. Plus, for the cost of creating each website (about $30) it just makes sense to keep on pumping them out. By no means is each one going to make me $100/month each.
The goal is to pump out websites, sell some of them on Flippa, and keep some of them for reoccurring income. My spending is high right now, but in the coming months I expect to see a drastic increase in revenue to pay for my monthly expenses.
I’d like to say that I get most of my inspiration and encouragement from Justin and Joe at Adsense Flippers. They have amazing content, a great podcast, and are just good businessmen.
I also owe my success to the friendly and successful people over at WP Goldmine.