When you have read some of my posts here you will know that besides my internet marketing business I own a business in creating personlised mugs. But , and i do want to be unthankfull, we (my wife and me) want to replace the income we make from it with income solely out of internet marketing.
The problem is only that in times it gets bussy with the mugs I have hardly any time on working the internet side and when i do I sometimes seem to lack focus. I am sure that if you done anything in IM you understand what i mean. Checking stsats, reading forum posts, reading ebooks, answering emails ..things that produce noting.
So to overcome this I will create some focus points. First is the numbers…what do i need per day in cold hard numbers. writing this down will make it more concrete
First target : 10k a month.
I have 700 domainnames for which i had great plans but most of them are collecting digital dust. I ran thru the list and picked 200 of which i think real have a great potential. Those 200 will be the onces that i will be working with.
10,000 / 200 = 50
So I will need to make 50 a month per domain. Of course not all things are equal but on everage it will have to be 50. That converts into 1.67 per day per domain.
Per month
- 10,000 total income
- 50 per domain
per day
- 333.33 total
- 1.67 per domain
How am i planning to do this?
I will need to plan the ways to monitize it and the ways to get traffic to the sites.
I will take a combination of 3 monitazation ways. Adsense, affiliate income and private ad sales. Each will have the potential to earn the 50 a month on it’s own but using it all 3 it will have a higher change in making it.
Making 50 a month with Adsense: My experiece has learned me that i earn about 15 per 1000 imperssions with adsense. So to make 50 I will need about 3500 impressions in a month which comes down to a lil over 100 a day.
Affiliateincome. Selling products that give a commsion of 25 it takes 2 sales. My conversion rate in average is around 0,5% so i need 200 visitors for 1 sale. Making 2 sales will make me need 400 visitors (targeted vistors that is)
Selling private ads. When you create a site that looks good and gets visitors and prevably has a pagerank of 3 and up selling ads on them is relative easy. If you sell 10 ad spots for 5 a month you are there and when the site has authority it’s no secret that even 1 ad will bring more then 50 a month. Just take a look at some income reports of top dog bloggers…most of the income comes from selling links and adspace. Using forums like digitalpoint is easy to find your first advertisers. Networks like tnx.net and text-link-ads can help also
Each of these 3 monitaztion ways will have the capability to make 50 on it’s own. But as I intent to make 200 sites it will be difficult to have each website reach it’s full potential. But breaking the numbers down like these is a hugh insight in what it takes to make 10,000 a month.
Next thing will be making a task list to make things easier.
One thing i didn’t address here is the costs involved. hosting and registering the domains are besides off course the only real costs. These account for such a low number per day that it’s almost not worth mentioning them.
Registering a domain: 8 per year = 0.02
Hosting 8 per month for unlimited domains. I mostly keep 50-100 domains on 1 account altho much more is allowed. (8/50 )/30 = 0.005
So in total per day the costs are 0.03
