Site Number 1 Went On Sale Last Night (very late)

OK site number one out of the seven sites went on sale late last night. I was going to write this post yesterday but I was so tired after working all day on the site.

http://marketplace.sitepoint.com/auctions/39578

I'm kind of scared of starting a new one today without knowing if the first one will sell. I am taking a massive risk by pushing out 7 websites in a row each day for 7 days.

How do I know if any of them will sell?

Then I will be $170 out of pocket.

It is scary but I gotta press on, if I don't take risks how will I ever know.

Keeping my fingers crossed.

The 7 websites in 7 days Challenge

I am setting myself a challenge this week. I am going to make 7 websites and sell them on Sitepoint. Timeframe for this challenge is 7 days, so I'm calling this my 7 websites in 7 days challenge.

I am quite scared I have overchallenged myself here, but if I never keep challenging myself and pushing myself further I will not get to where I want to be.

I have worked out this will cost me roughly $170, so it's going to be a big risk to take. Having just worked that out actualy makes me even more scared.

I know I have successfuly sold 2 websites over on Sitepoint last month, but that doesn't mean that all 7 websites will sell.

I have to put my all into this and I have a funny feeling by the end of the week, I will need to be catching up on some housework (and some sleep).

So wish me luck, I think I'm going to need it.

Little Update And Monthly Earnings Report

Yippee I sold my 2nd website over on sitepoint this week for the buy it now price of $299. I think I'm a little more excited about the 2nd site selling than I was about the first.

As it's coming to the end of the month I thought I would do a little earnings report. Now I know that this isn't going to be as big as some other peoples earning reports on their blogs, but it's big for me. I have been studying Internet marketing and making money online for more than a year, but this is the first month I have ever taking any real action, and this month I have made more money than the whole of the year online.

Most other "make money online" blogs only report their incomings but rarely report their outgoings, but I thought I would try something a little different. I am going to show you how much money I have made, where I made it, and exactly what I have spent money on so you can see exactly how much profit I have made. OK here goes:

IM Incomings

Site selling $424
Bum marketing $0

Total $424

IM Outgoings

Sitepoint listing fees $20
paypal fees $16
Hosting (Hostgator) $9.99
PLR articles $25
Domain names (Namecheap) $8.41

Total $79.40

Total profit $344.60

As you can see that's not a bad little profit for my first month of taking action.

Let's see if I can top this next month :).

I feel like I'm wasting time

Well that's how I'm feeling at the moment.

Mind you this month I have made more money online than any other month since I started one year ago. I know I know I have only made $120 dollars (£60), but it's the first month I have really taken any kind of action.

I have another website up for sale on Sitepoint. I listed it for sale two days ago and at the moment the current bid is $145. I spent a lot of time on this website and it will be kind of hard to let it go. But initially I made the site to sell it, so I musn't get too attached. If you would like to check it out here is the URL:

http://marketplace.sitepoint.com/auctions/38919

I am hoping to get a little more for this website, but I will still be happy to let it go for $145. That will take this months earnings up to $265.

So why do I feel like I'm wasting time?

For the last two days I have done nothing but watch the auction. I still realise that making and selling websites is not going to make the the kind of money I want.

But I love the whole process of doing it. I love having the initial idea for a site, then making it. I love the feeling of achievement once the site is completed. I also love putting the site up for sale and seeing it sell.

It is common knowledge that a website will sell for significantly more if you have some traffic and revenue, and if the website is a little older. So maybe that's the road I need to go down next.

It's still all about the instant cash though to keep me motivated. So I think for every brand new turnkey website I make to sell, I Will make one to keep for myself.

I will then get them earning a little money and getting some traffic. Then after a few months I can sell them for more.

What a week!!

First off I apologise for not updating all week, I lost my internet because I didn't pay my bill :-0.
I am so fed up with bills and not being able to afford to pay them. Just yesterday I had to pay out £250 (UK pounds) just on bills alone. I have been thinking about getting a normal job, but there is no way that is possible right now, with one 5 year old who needs taking to school and picking up, and a three year old who is about to start nursery. So I will be back and forth the school all day, when would I get chance to work.

So my only option is to keep plugging away online which by the way I am thoroughly enjoying :).

Anyway I am sorry about the rant,let's get down to business.

Before my internet was cut off I ordered reseller hosting, and had a little play around with it, but I am a non-techie person and couldn't understand it one bit. So I am in the process of canceling that account and just going with a baby croc account. I do realise I need to have some paid reliable hosting if I'm to make any kind of serious money online, so I think for now this account is better for me whilst I get my head around the basics.

Another thing I have realised is that even though I enjoy making and selling websites, it's not going to make me rich. I spend about 4-5 days to make one, and it takes roughly another 5 days to sell it. Most turnkey websites sell for no more than $250 (at the most). So if I work constantly on just that I will only be making that much a week, and then the website is not always guaranteed to sell.

Don't get me wrong building and selling websites is a great way to earn a little bit of quick cash, and I will be doing it from time to time, but it's not where I am going to be focusing all my energy.

I need to be thinking about long term residual income that can keep growing month after month. Maybe affiliate (bum) marketing is the right way to go for this.

Oh I don't know, when it comes to different ways to make money online there are just too many choices and it becomes hard to just stick to one. But if you never stick to one and always chase the next thing you will never get nowhere fast.

I think I have a few choices to make. I will let you know of any new developments. I would love to hear from anyone, so if you have any comments, comment away below :).

:) I Sold My First Website :)

I am so unbelievably happy right now. After a long five days of waiting my website finally sold in that last few hours of the auction. I can't quite believe it.

In the last couple of days of the auction I decided to lower the minimum bid price and buy it now price. I am not sure if this is what made a difference or not.

So in the end the site sold for $125 :) :).

How happy am I?

Even though it eventually worked out at £60 in British pounds profit after paypal fees, that's still the most I have made in one transaction online.

All that's left to do is to transfer the site.

Apart from that I have been pretty busy the last few days writing some articles for some people over on digital point forums. Once I have finished with them I can get back to my bum marketing challenge.

I am also thinking about hosting now I have some money to spend. I think I am going to go with hostgator, but I will check around first. I am also thinking about reseller hosting.

Reseller hosting would be great because I can continue to build sites for selling and offer hosting with them aswell. I may be getting ahead of myself here but all kind of ideas are popping into my head right now.

Anyway I am so happy right now, I will keep you posted when I decide what I am going to do next. :) :) :).