Mid-Month Expense Report For April 2012- Still High But Seeing Results
Social Adr: $94
Ezarticle link subscription: $30
Whoosh rank tracking subscription: $50
EZarticle spin credits: $360
AMR/UAW outsourcing: $360
Odesk writing and outsourcing: $1,320
Domains and hosting: $1,241.36
website creation outsourcing: $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.
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.