Update for July 2012 – Show me the money!

Expenses

ManageWP: $147

Pingler: $5

Aweber: $20

Social Adr: $94

Ezarticle link subscription: $30

Free Jing and ScreenCast Subscription for
easily explaining things to workers : $10

Whoosh (CLOSED) rank tracking subscription: $99

EZarticle spin credits: $0

Copyscape: $0

Article Marketing Robot and Unique Article Wizard outsourcing: $120

Odesk writing, research, and outsourcing: $793.46

Go Daddy domains and Host Gator hosting: $98.28

website creation outsourcing: $22

Header: $40.50

Flippa: $0

Warrior Forum Ads: $80

Create Awesome Interviews: $495

Optin Skin: $47

Contest Domination OTO: $37

Skype Phone Number: $60

Facebook: $99.86

Total expenses: $2,261.10

Revenue

Text link ads: $83.49

Odesk: $150

SocialAdr: $37.14

WP Goldmine (CLOSED): $9.00

Ezarticle link: $119

CTR Theme: $273.32

Long Tail Pro: $172.82

Website sales: $12,110.05

Adsense: $2,461.95

Total Revenue: $15,416.77

Total Profit: $13,155.67

 

I’m happy to announce that this is the best month I’ve had online EVER! The big difference this month is the amount of private sites I sold. With a total of $12,110.05 in private sales I beat last month by almost 100%. I was able to cut costs this month because a lot of the domains I bought last night weren’t made into websites yet by my outsourcing team. Why not? Since it’s summertime I think a lot of my writers are working a bit slower so it’s harder to find article writers to get the work done. Other then that, things have been going very well with my business.

What’s new this month?

1. I’ve started using the Optin plugin that Pat Flynn from Smart Passive Income recommends. I haven’t fully realized it’s potential yet, but it’s great for creating customized and beautiful optin forms for my site.

2. I had my $100 niche site giveaway contest this month. Things went very well with it as I was able to increase the amount of people on my list, Twitter, and Facebook.

3. I didn’t do any auctions on Flippa. Instead of spending money there I put ads on the Warrior website like this one. It costs $20 for each add you place there. I placed 4 ads throughout the month costing a total of $80. I got quite a bit of traffic from there, but unfortunately I can’t give you numbers because my analytics code was removed by mistake when installing another plugin. Next month.

4. I had some nice revenue from referrals this month, exactly $761.28. That’s a real big improvement just in itself. The nice thing is some of that is reoccurring income so I should see some of it again next month.

5. I was asked by Joe and Justin at Adsense Flippers to compete in a debate on Authority and Niche sites as valid income models. It was really fun to do and I’ve gotten a lot of positive feedback about it. If you haven’t read it yet you can read it HERE.

6. I published a popular post about a few ways I build rapport with my list. This went over really well and got some great feedback. Read it HERE.

7. I sat down and wrote a history of my experiences making money on the Internet. This is quite a long read so grab a coffee and check it out HERE.

8. I changed my Adsense Starter Sites for sale page to make it easier for interested buyers to find out almost everything important about a site.

All in all it’s been a great month, but I’ve been very busy. I feel like I’m finally getting somewhere online and it’s a great feeling. However, I know that the Internet world changes very quickly, so I’m in the process of diversifying my income. How will I be doing this? I plan on reaching out to a wider audience online by creating a video web show interviewing successful Internet marketers about their experiences online. This will not be an easy project, but I think it could be really interesting and fun to do. In order to prepare for it I purchased David Siteman Garland’s Create Awesome Interviews tutorial. I don’t usually buy info products, but he really knows his stuff and I’m super happy with it. Anyway, just a heads up that you should be seeing some great interviews start up in the next month or two.

That’s it for July…let’s see how August goes 🙂

 

  • Another inspiration Monthly Reports – Greetings from Bulgaria – as I’ve understood , you are located in Turkey and that is where you run your online passive life. How is your weather down there – I love Istanbul – been there several times. Once again thanks for the report and wish you at least same Revenue next month.

    • DoubleKGK,

      The weather is hot in Turkey right now. I’m actually on the coast on vacation so it’s extra hot, but at least I can go swimming.

  • Mike, that is awesome. Congrats! I’m very impressed with your private site sale.

    I wish I had so many profitable sites to sell out as well.

    You are motivating as it works! Cheers!

  • Hey Mike,

    Congratulations on a seller month, glad to see you are doing very well. I did not see what your adsense earnings were for the month, that would be interesting to see as well.

    • Brent,

      Adsense earnings were in the post too at $2,461.95. They are lest than last month, but I sold off over $12,000 in sites.

  • Hi Mike

    Congrats. I hope your able to spend a little of the profit on a celebration 🙂 or at least dinner out.

    the great thing about published results is it continues to validate the model. One that people that dont or cant do say doesnot work, like onlineincomelab et al

    Have a great august.

    • Steve,

      Yes, I’m going to have a nice dinner with my friends and go out for some drinks tonight. However I won’t be buying a new car/television/etc. I’ll be using my profits to develop more streams of income.

  • Congrats Mike on the awesome month you had. I like that your diversifying your business and I’m looking forward to your interviews. I think this is a great way to build credibility in niche like internet marketing, where some people are skeptical of the unseen face or unknown person. Keep up the great blog and thanks for being so open with your revenue and content.

    • Thanks, Nick. I agree that getting in front of the camera will really validate myself and the people I interview to our audience. I think it will be an interesting journey to go down.

  • Congrats on an amazing month Mike that is really going some! Really inspiring to see how well its going for you and how much you’ve built it up over not that long 🙂

  • Wow Mike, that’s amazing! You’re coming up with some great ideas, and that’s definitely paying off! Great work, I’m really impressed!

    • Andra,

      It’s not easy to get to this point, but it’s doable. You just need to stop buying shiny objects and actually get some work done.

  • Cool.. I am keeping a watch on your road map and its really amazing and you are doing really well. All my best luck..u r going to go really far.. But to be very frank i really dont like your website theme. Can you please get to a better theme which will really look great and give visitors a real cool picture of your business as well as your over all presentation. Sorry to say that but i really want to see an amazing theme on your website as well. Something like Joes website theme or could be much better.. 🙂

    • Thanks, Mohit. I’m actually in the process of getting a new theme designed for the site. Once it’s up I think you’ll be pleased.

  • Mike,

    You’re sure an inspiration just like Chris said. Glad to have you on board my book…. still gathering much info will contact you soon.

    Adsense is always sweet other than google’s craziness. Now, register a LLC and use it to open an adsense account on the side. Also it is time you start an authority site that will not only depend on adsense to earn.

    C’grats Mike and more success.

    Sheyi

    • Sheyi,

      I don’t think that applying for another adsense account will help me. When Spencer at Niche Pursuits had his adsense accounts closed they got BOTH OF THEM. I’m not going to play a game of hide and seek with Google. I’m just trying to focus on building quality niche sites and not autoblog junk.

  • This is definitely inspiring. The only thing that worries me slightly is that the thing that takes you to the next level is selling starter sites. I suppose if you really want to make it big you need to perfect an idea and then sell it on. I’m not sure how willing/able I will be to do that, assuming my sites actually get anywhere! Still, over $2k in Adsense income is great.

    • Alexander,

      It’s sometimes hard to let some sites go, but it can really give you a boost on your way to making profits.

    • Allen,
      I pay $1 for each site made…that’s just the actual site making part. I pay more for the articles and backlinking. It comes out to be around $30 per site.

  • Hi Mike,

    Congratulations on such results!
    And thank you for sharing your tips and tricks.
    Just a question, for newbies like me, can you give us more information about how much time you spend on setting up niche site, what about a new article on this topic?

    Best of luck .

    • Enis,
      Thanks.

      I don’t spend much time at all on them since I outsource practically everything. That being said, it takes my outsourcers about an hour per site.

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