Online Website Income Growth
I have been building websites like crazy and wanted to know if I was actually getting anywhere with it. So I calculated what my passive niche website income was each month from May – September and saw some promising results-
May 2007 – $137.56
June 2007 – $261.64 (90.2% increase from May)
July 2007 – $731.03 (179% increase from June)
August 2007 – $1,107.11 (51.4% increase from July)
September 2007 – $1,358.21 (22.6% increase from August)
Too early to tell for October, but I estimate it will be around 20%.
Lets do some hypothetical math here….
Let’s say that you started off making $100 a month and you increased it by 20% a month for 2 years. Where would you end up?
Month 1 – $100
Month 2 – $120
Month 3 – $144 (you are probably thinking about giving up at this point, I mean working for three month straight and only making $144? Don’t give up yet, watch this….)
Month 4- $172.80
Month 5 – $207.36 (Still not too impressive, but you are building a business here.)
Month 6 – $248.83
Month 7 – $298.59
Month 8 – $358.31
Month 9 – $429.98
Month 10 – $515.97
Month 11 – $619.17
Month 12 – $743 (Ok, so it has been one year and you still don’t have an income you can live off of. Should you give up? Most do. Let’s see what would happen if you don’t.)
Month 13 – $891
Month 14 – $1,069.93
Month 15 – $1,283.91
Month 16 – $1,540.70
Month 17 – $1,848.84
Month 18 – $2,218.61
Month 19 – $2,662.33
Month 20 – $3,194.79
Month 21 – $3,833.75
Month 22 – $4,600.511
Month 23 – $5,520.61
Month 24 – $6,247.73
When you invest time and energy into your online business you will see it start to compound and before you know it, you will be making some real money.
Progress Overview
Just stirring the pot here a bit Amy…
What are your projected expenses for that same two year time frame. Based on how much you’ve been spending the past few months.
Don’t get me wrong I know your are building a profitable business.
Oh, and what percentage of the projected income is based on Adsense revenue… not that people ever loose there accounts.
I’m sure you’ve got YPN and Kontera to fall back on.
Seriously though, it’s great that you’ve done the math. It is very encouraging.
Cam
I think it is best to keep expenses at about 10% of income.(At least it is tax deductible).
As far as adsense goes, you of course don’t want all your eggs in one basket.
I wouldn’t want to depend on it for any more than 20% of my income.
Interesting. My problem is that I know nothing about setting up websites, nor do I have the money to set up domains and pay for hosting, though I did come up with enough for Lunar Pages. As I said before, Wish I was you…. Lol… Good Luck. You’re amazing.
Ethan, I used part of my CashCrate income to fuel business growth. If it weren’t for CashCrate I wouldn’t be able to get as much done.
My problem is that I can’t seem to get the ball rolling to get referrals for CashCrate. I have created a blog, but I can’t seem to get traffic to it. I don’t know how else to get referrals. I can’t post how much money I’ve made with them, because it isn’t much, and what I have made, I have put a lot of time in doing surveys. I, too, wish I was you! lol. In the meantime, I am just keep reading and learning…
This is a great observation – i think the challenge is finding that 20%. What should you be focusing on to add that extra income.
I think that challenge I’m having is promoting my niche sites. That is my major task for this weekend.
FlavaOfBlog
Amy you are doing great! I admire you. Do you know anything about adwords and how do I go about doing it?
Carol
Actually you should post what you made from cashcrate. I posted I made $30 something dollars and received 2 referrals from that. You need to understand that newcomers tend to shy away from big amount sometimes because it seems unbelievable.
Very interesting post. How do you promote your niche sites? And what kind of profit do you make off of them besides Adsense? I know that Cam mentioned YPN and Kontera but I don’t know what they are. I really wish I didn’t need every penny I’m earning right now because I would absolutely love sticking my profits into building niche sites.
Luckily I made a little bit of money writing articles, doing CashCrate and fairy tale treasures because it’s going to pay about half my rent coming up! Eek! I’m so glad my CC check came in the mail today lol.
Nichele
Amy, for someone who is completely ignorant as to how to get started here, what is the first step you would recommend to someone wanting to do this?
Also, what is the bigger investment here? Your money or your time? I’ve got about 20 hours a week I can dedicate, but not a lot of seed money.
Your progress is very encouraging and I appreciate that you actually take the time to respond to your comments.
Amy,
Thanks a lot for showing this info!
It really lets people know that consistent effort will pay off before you know it!
Keep it up!
Amy,
This is great and as a amatuer web designer; I am very interested in how to create niche sites.
Who do you use for hosting services? And how do you design the websites? Do you use a software program to do you use website templates?
Laurie
http://www.debtfreedream.blogspot.com
Nichel- Great name, BTW.
YPN is short for Yahoo Publishers Network. It is Yahoo’s version of Adsense.
Kontera is another contextually based ad network, but instead of discrete ad “boxes” like Adwords it actually highlights select keywords from the text of your site and makes them into links. All are based on PPC (pay per click). If you’d like to see an example of Kontera ads check out my blog. My blog host uses it to monetize their blog network.
Carol- You should definately tell people how much your making with Cashcrate and how you are making it. You need to look at it as generating working capital. That $20-$30 a month that you make can be used to feed your growing business. You know, pay for your hosting, pay membership in a program, etc. As a matter of fact OSI, a program that I mentioned on my blog a few posts back, is my number one means of getting CashCrate referrals. Because OSI requires that you eventually join another program that costs about $10 a month, I recommend that all my new team members use CashCrate’s free surveys to earn the money to cover that cost so they don’t have to go out of pocket.
MustafasMommy- You need to find a program like OSI. It is a feeder system that allows you to build relationships and your list. This kind of a program takes time and perseverance, not a lot of money.
Wow… that should have been a blog post, not a comment. Sorry to wasting so many bytes Amy.
Cam
I will create a guide of how I create niche websites step by step.
Thanks, all for your suggestions. I just want to thank Amy for her blog. It has helped so many people in so many ways! I will be posting my current online earnings (nothing compared to Amy’s
), as well as my full budget. Thanks again!
http://www.killmydebt.blogspots.om