My Monthly Income Report: November 2015
In this blog, I write about what I am doing to create various income streams that come from online endeavors. The monthly income reports detail my results.
Why am I sharing my income publicly? I hope to gain trustworthiness with you and to keep some degree of accountability for myself. It’s one story when I blog about my victories and failures, and it’s a very different one when the posts are supported by real numbers. That’s how I can prove that not only do I brag about successes but also do a hard work every day to reach the said level.
The reports motivate me. I tend to forget my small achievements… and reports like this one won’t let me do it 🙂 Apart from that, they help me to remember how much I have already invested. It’s a motivation to push even harder!
What Happened In November 2015
First, let’s see what happened in November.
I bought one more website!
This is the second website I acquired. I wrote about the first one and my general strategy in this post. The second one is much smaller and cheaper than the 1st one: It cost me < $2000. It is a pure AdSense website with zero(!) number of backlinks and a possibility of growing by joining a particular affiliate program. As you know from my very first post in this blog, I did plan to buy two websites from the very beginning. However, I thought my second website would be bigger, around $5000. But when I saw this one, I couldn’t help by jump on the opportunity it had.
During the sale process (and even after the sale was finalized) I talked a lot with the seller (who turned out to be a seasoned niche website maker and used to hang out with the NoHtDigital guys.) Turned out, the website has even more potential than I thought because the guy never optimized the AdSense ads position. Sweet!
I have started building the second niche website.
While I outsourced building my first niche website to HumanProofDesign (read my review here), this time I decided to do everything myself. I wanted to get some experience through learning and doing.
I continued building a PBN.
If you do not know what PBN is, here is the explanation taken from here:
PBN stands for Private Blog Network. Many SEO webmasters purchase (or build) large groups or networks of high Page Rank blogs in order to game the search engines and rank money sites quickly.
So far I registered 4 blogs and have finished one completely. I know, it is not much since 5 blogs is a bare minimum required for one money website. And I have two to rank. But I am sure that once I become more experienced, it will go faster.
So, that’s what I was busy with in November. Now, let’s look at the numbers!
The month November 2015 has had some expenses as well as some pretty big ones! It is not a surprise since I bought one more website. This purchase was much smaller than the previous one but is still big enough to screw up my numbers again.
|Stock Image for blog||$3.00||Bought an image for my blog|
|Domain registration||$16.74||For the niche websites|
|Outsourced writing||$80.67||Kept working on niche websites I am building myself and on PBN.|
|PBN domain registration||$59.15||For my PBN|
|PBN hosting||$18.49||For my PBN|
|3 months of Majestic||$149.97||To analyze expired domains for the 2nd website I am building and for PBN|
|Ultimate Azon Theme||$27.00||WordPress theme for the 2nd website I am building|
|Hoth Platinum||$250.00||Continued building backlinks for the niche website #1 I am building|
|KickFurther||$354.81||Online investments – read more in my post about Kickfurther|
|Bought a website||$1,996.63||Yikes!|
|Wire transfer fees||$25.00||Paid for wiring the payment for the website|
Following my plan, I bought the second website but it was not big (expensive) enough. The initial goal was to spend $20,000 on acquiring online businesses, and I have spent so far only $16,996.63. However, I decided to put it on pause for now. Acquiring online business takes time and efforts, and I want to concentrate on developing what I already have. I think I will spend the leftover money in the next year 2016.
In November, I resumed building the PBN and started the second niche website. I hired three freelancers to write the content, but by the end of the month I was left with only one of them. One girl left herself, and another guy… well, I fired him. I hire inexpensive freelancers (my payment rate is 54c to 83c per 100 words), but I am so tired of it. Cheap price means cheap quality, and in the end I spend too much time managing them and fixing their work. From now on, I decided to hire inexpensive freelancers only for the PBN content and to find more qualified (expensive) ones to write the niche website content of higher quality.
You probably already know that a PBN is built on expired domains. I will soon write a separate post about it, and for now I just tell you my expenses.
So I got a bunch of expired domains from HammerheadDomains. In order to evaluate them, I needed a separate tool – so I bought 3 months of the Majestic service. This service allows to investigate the history, backlinks and other metrics of a domain. Based on this information I can easily find out which domains are suitable for my purposes. Majestic is expensive, but it is worth it.
Also, I used this service to find a good expired domain for my second niche website I am building. I needed it in order to avoid the Google’s sandbox.
This niche site #2 is an Amazon website, so I bought the Ultimate Azone Theme by Dave Nicosia. It was on sale during the Black Friday – Cyber Monday weekend, so I jumped on the opportunity. So far I just love it! So convenient to use. I should definitely write a review.
In addition, I kept building backlinks for the 1st website I am building myself. This time, I used a heavier (and more effective) package from Hoth – Hoth Platinum.
On top of that, I kept backing businesses on Kickfurther. If you do not know what it is read my post. In November, I again used only the money I got from the payouts coming from the deals I backed earlier. I did not add any “fresh” funds – the money that was made by the initial investment are now making more money 🙂 That’s called a compound interest, totally passive and effortless 😉
If you want to try Kickfurther yourself, you can get a $5 credit from my affiliate link.
In November, I earned some nicely rounded income.
First of all, I am getting a steady income from the 1st website I bought and the 2nd one is chiming in.
Second of all, some online investments from KickFurther have paid back.
|AdSense #1||$637.58||Revenue from the 1st website I bought|
|Amazon||$22.56||Revenue from the 1st website I bought|
|AdSense #2||$60.61||Revenue from the 2nd website I bought|
|Kickfurther||$290.81||Partially paid online investment plus interest|
Here are my totals for November 2015.
Total income $1,011.56 minus total expenses $2,981.46 makes a net profit of -$1,969.90.
I prepared another graph that excludes all the big scary investments made in October and November. Here you can see that my income is growing… and in November my cash flow became positive! Hurray! I was totally right when I did a projection in my previous income report.
So, my expenses were $26.73 smaller than my income, so my business is paying for itself. And this is only the beginning 😉
The next month December 2015 I again project that my income will be bigger than the expenses.
Plans For December 2015
In December, I plan to start taking care of the websites I bought. The first one needs its Amazon part to be expanded. While the second one should get an affiliate program and has the ad placement adjusted.
I will also keep working on my PBN and will maybe add more content to the website #2 I am building myslef.
Some of the links in this income report are affiliate links. I will receive a small fee if you choose to buy after clicking on any of these links. Thank you if you do!