Income Report – December 2010
Our plan is to provide an inside look at our earnings on this project and to share our success and failure with you with the hope of improving month after month, year after year. We don’t do it to brag (and have very little to brag about so far!) or boast…simply to give you a peek at where it is we’re making money and what we’re doing to add to our revenue streams.
Each month we’ll break the income down into sections and give some feedback on what we did to improve in different areas. Additionally, we’ll give you a summary showing how much was made overall in each section and a comparison against the previous month.
We got our first niche websites up and off the ground this month with the purchase of 44 domains. For our sites here’s what we’re doing:
- Keyword Research (We started using the Google Keyword Tool and finally broke down and purchased Market Samurai for a one-time fee) Update: We now use LongTailPro as Market Samurai has become a bit unreliable.
- Domains Purchased and hosting via GoDaddy
- WordPress Installed
- Content Written and Published
- Social Bookmarking via OnlyWire
- Article Marketing (light)
- Getting ranked (barely)
We’ve seen a little bit of income trickle in, but it’s quite frustrating doing so much work with so little return! With the sites being so new and having such poor rankings it’s understandable. I do wonder if there would be a benefit to purchasing aged domains, but I just don’t think the additional cost is worth it at this point.
One additional thing we’ve noticed is that creating so many sites that have so many additional pieces, emailing back and forth is simply not an effective tracking strategy. Running an outsourcing company, we’re very familiar with detailed process documentation and will implement soon. We started with a basic Google Doc we can share between agents, but we’re quickly finding that we’re going to need to make that a bit more robust if we want to keep this organized.
If you would like us to advise you on which business model is right for you schedule a criteria call with one of our business analysts today. We are happy to help you discover the type of business that’s right for you.
Sites created: 44
AdSense Earnings: $32.89 (ugh!)