I’m keeping up the trend of calling these posts ‘recaps’ rather than ‘earnings’. So here’s July’s recap…
Traffic wise, it’s been my most successful month to date on any site i’ve ever owned. Have a look at July’s (recorded) traffic;
Financially, it hasn’t been bad either… i’ve been keeping detailed records of all the sites i’ve sold;
In total, i took in $827 in july 2008, $634 of which was pure profit. I estimate all those sites took about 33 hours to complete.
So my average actual rate per hour works out at just under $20 Not bad. Looking back, i *could* have done all that in one week, but it would have been extremely hard work and it’s not something i could replicate every week… i’m happy with creating a few sites a week – i find it’s just a nice balance. I sold bannedtvad.com this week for $249 – meaning for the past three weeks now, i’ve averaged over $200/week.
I’m definitely getting the hang of things…. i’ve also bought plenty of domain names this week… they all have a combined estimated value of over $2.5k. I only paid about $50 for them. Over the next while i’ll be building sites for them all, then selling.
I’ve now proven i can flip sites for a healthy profit, so i’ll be using that method to keep the cash rolling in from now on. I can only become more experienced, gain more contacts and sharpen up my skills, so the only way is up… i’ve been saying that for the past two years, but it’s true
It’s really only NOW that i’m beginning to ‘get the hang’ of making money online. I mean, if you were to put a bet on and ask me to make $500 profit in one week, i could do it. Not a problem. But it would mean sacraficing my time on longer term projects. I don’t like doing that.
Anyway, August will be the month of my maths exam – that’s all i care about now… pass maths and earn $0 and i’ll be happy… it’s just a case of getting the job done and being prepared for a tough paper. It’s less than 13 days away now (august 14th), so my study will start this week.
Will i pass? Without question. I simply have to sit down, read over the notes and concentrate. Dedicating the time to it is the hardest part. So expect a quite couple of weeks from me… i’ll still be working here and there but my focus will be on maths