Joseph Archibald’s Internet Marketing Income for November 2010

by Joseph on December 1, 2010

2010 12 02 0627 300x123 Joseph Archibald’s Internet Marketing Income for November 2010I’m going to start off this post with a layout of my online expenses for November. I know a lot of internet marketers tell you how much they are making each month, but they do not tell you how much they are having to invest to see that level of income (particularly the big hitters who may make $30k per month or something huge like that, but you gotta wonder how much they are investing to see that income).
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Here is a to-the-point break down of my own expenses for November.
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November online expenses:
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Outsourcing fees for November: $233
Hosting fees via Hostgator : $20
Domain name purchases: x 3 for $26.67
Software expenses: $258
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Total November expenses (see also below for another expense not included here): $537.67  (£340)
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Wowza! I’ve struggled along this month regards to online income – for the first half or longer it was very poor as far as eBay and AdSense are concerned, but in other respects – good. There were other things going on as I mentioned in previous posts. And these other things are going to have positive effects over the coming months and hopefully really boost up earnings for the next year! That’s what I’m hoping, anyhow.
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And of course, a part of my investment/ expenses for this month and last will be towards this future income boost.
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I want to say a massive thanks to everyone who either purchased via my affiliate links, or purchased my 40 Day Challenge eBook – totally and utterly appreciated!!!
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Let’s get to the stats, already!
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Again UK pound sterling to US dollar exchange rates I’ll keep at 1.58. I think its down to 1.55 or something now but I’ll keep it slightly higher to maintain parity with my previous income reports from the last 5 months.
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I’ll start off with eBay. Totally weird month for eBay. I thought that after the first week in November eBay would be flying. I was wrong! Incredibly quiet. And then when sales did really kick off, it was not Christmas type sales. And those sales only really lasted for a couple of days and then it went all quiet again. Strange!
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Nevertheless, eBay finished with a bit of a bang (albeit not a very aggressive bang!) which was on the cards due to Christmas being so close, so I’m happy with an eBay income of £991.05 which is $1566 US dollars.
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But still not broke the £1000 mark for a month from eBay income, albeit only £9 short this time. Perhaps this month – December, will see that happening. Don’t forget though, I’ve been ditching quite a few sites that were on the eBay affiliate program. Those sites although not wonderful performers, were still making a little bit of income each month, so that’s now missing.
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See the graphic above which shows the eBay visitor numbers and customer spend on a daily basis.
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The travel website: my girlfriend’s hotel has been very quiet indeed, so I do not expect my travel site to have made much at all for November. And I’m right too. Total income for the travel site for November is $11.25. Higher than last month but that’s because the site is ranking better for a few keyword phrases. I’m troubled with this site – to keep on with backlinking and thus investment, or to forget about it? I suspect there will be a few months in the near future that will be good in terms of income, so I’m keeping on with it for now and assessing it month to month.
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I’ve added in AdSense once again to the site as of a couple of days ago. Its now ranking for two other keyword phrases, which it was not before, so AdSense may be a little better than previously, although so far its pretty rubbish.
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Clickbank: I’ve started to push CB a bit more than I’ve done for a long time. But its a bit frustrating to see fairly decent levels of click through and very few sales. That’s the nature of the beast though – folks simply like to browse, particularly at this time of year. CB sales total this month $247.92, which is quite a bit higher than the previous month.
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PaydotCom: income here of $166. A big chunk up on last month, and I think the highest I’ve seen ever from PayDotCom, which is super!
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Unique Article Wizard: best month I’ve had with this affiliate product, which stands at 4 sales and an income of $107.20.
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Other affiliate payments: this includes Link Juicer ($23.50) and Build My Rank ($35.40).
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Amazon: very slow month – or it was up until a few days ago when I had only 3 sales showing in my account! Total sales from Amazon was 21 but only 14 shipped so far, which equates to a conversion rate of 1.21% and an income of $21.36. No doubt this will be higher during December.
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My Warriors 40 Day Challenge eBook: super month its been for sales of this eBook! Thanks again to Pat Flynn for “helping” me on this. He utilized the tips and tricks of the Warriors 40 Day Challenge to rank his new site in top spot in Google. And because he has such a massive online following, I’ve seen my eBook sales quite a bit higher than in previous months. Total from eBook sales: $538.37
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This is superb, I’m delighted icon smile Joseph Archibald’s Internet Marketing Income for November 2010  I’m now more seriously toying with the idea of re-vamping the eBook – adding in graphics etc. and then offering it on Clickbank. After all, when I compare the stuff that’s in my eBook to a lot of other stuff you buy on Clickbank for twice the price, my eBook is far better and the info in it has been proven to work time and time and time again, which is key here.
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I get more and more feedback from folks who have used this info to rank very well in Google (including the young man – Chris, who flipped his site just the other day for a sweet profit!), so I think it now makes sense to go forth with the idea of popping it on Clickbank. I’ll be working on this either during December or January…
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AdSense: things were very slow indeed up until middle of the month. My best performing site was down in the dumps in Google, so I had little AdSense (and eBay) income from that. But from middle of the month onwards its certainly picked up. And some days, even though the click thru is not that high, the payouts are far better than average. So AdSense income this month is £354.89 which is $561.
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And one more thing. I decided around middle of the month to take further action because my income was really struggling. eBay was terrible and AdSense was very low also. And so I thought to myself  ”Joe, why don’t you flip one of your sites?“. And that is precisely what I did. The site is now merely 2 months old – I purchased the domain name on the 29th of September and got the content up on it within a couple of days and then started to rank the thing.
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The rankings in Google came fast and fairly furious, even getting top spot for one keyword phrase which is fairly competitive.
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Anyhow, to cut a long story short I popped the site on Flippa for a 5 day auction. My trump card was really about the fact that the site has very strong rankings in a short time span and thus there was a ton of potential with it. Let me break down the expenses here for you so you can see what’s what:
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Expenses for flipped website:
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Domain name Purchase from Namecheap on 29th September: $8.89
Payment for graphic work (last month): $45.00. That includes a header grafic and two clickable banners – nice work by an Indian lady I found on oDesk!
Purchase of Flippa listing and Feature upgrade plus auction fee (5% of winning bid): $19 + $40 + $24 Total = $83 (the folks who own Flippa must be seeing very serious income – fairly expensive, don’t you think?).
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Time taken for creation of site and ranking work: 3.5 hours
Time taken to list on Flippa: 1 hour
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Let’s presume I charge at $25 an hour for arguments sake. The total labour costs would be $112.50
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Total expenses: $136.89
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Winning bid: $490
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Thus for 4.5 hours work, I made $353.11
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That’s a very nice hourly wage, which works out at $78.47 per hour (or £49.66)!
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Having said this though, I thought I would have seen this site sell for a bit higher, if only for its good (and constantly improving) rankings. But it was not to be. No worries - this was a one page site and as mentioned it took me about 4.5 hours work in all. Job done!
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I did say however that I would continue to help with the SEO on the site even after it was sold – for a month after the end of the auction. Negligble costs to me in terms of money and time, and a nice add-on to help the site sell and also for my Flippa reputation if I want to sell other sites in future. Plus, I’m just a decent sorta guy all round icon wink Joseph Archibald’s Internet Marketing Income for November 2010
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I’ll probably be doing this more in future because its easy and its fairly fast money too. And, I enjoy it! I love to get fast rankings and then make fast profits, it really is exciting!
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So, how much income for this month? Well, remember this is “income” – my expenses I’ve already detailed, and they have been high this month and will continue to be fairly high in future months too. But, fact is that I’ve already surpassed the goal I had set for end of March next year. And that was to make $3,500 in that month. I’m 4 months early!
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Total earned for November 2010 not including the website sale: US $3278 | £2075 UK pounds sterling | for those visitors to my blog from Malaysia, that’s 10,373 Malaysian ringget. So that’s a real nice chunk up on last month, which is the 5th month that I’ve been disclosing my internet marketing income showing really good growth on the previous month.
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Overall Total Income: With the sale of the site included, then the stats for this month’s income are as follows:
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US $3768
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UK pounds £2385
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11,924 Malaysian RMG
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Am I happy with this? Happy, yes. Content, no! Ideally I want to be seeing at least 4 times this level of income come this time next year! So that would be about $15,000 US per month. We will see, won’t we…
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Apart from repeating this stuff for more websites to be sold at auction, I’ve also got some other things that are in the pipeline. They’ll not hit production line this year, but early next year I’ll surely be seeing some sales from those efforts, or at least I do hope so!!
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The JV eBook is still not ready, which is a little bit of a pity because the site is really beginning to rank nicely and its seeing some decent traffic daily now, rather than a few folks here and there.
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The eBook I’ve got being developed via oDesk is coming along very nicely, but the site is not ranking for anything yet. Well it is, but around about 100th for a couple of targeted kwds. I’m starting to push that much harder now however. So give it 4 weeks and I’ll be seeing those keywords top 20 in Google or higher. Just in time for the start of January, when no one will be spending a single penny icon wink Joseph Archibald’s Internet Marketing Income for November 2010
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{ 26 comments… read them below or add one }

Joseph December 1, 2010 at 11:11 pm

I just had some messages via Twitter from Daniel in the UK. He asks these questions with regards to the post I’ve just made.

1. how many websites do I have to see this level of income?

Answer: don’t really know. I’ve dumped about 20 sites in the past month, so I must be down to about 45 or so. I’ll be dumping probably another 25 or so of those in the coming weeks to months – particularly any domains that infringe on copyright ;-)

2. how long did it take to go from earning zero online income to where I am at now?

Answer: hmm tough one to call. I was earning a teeny amount on occasion perhaps about 2 years ago – I started online as a marketer just less than 3 years ago – will be 3 years in February. But I was spending far more than I was earning on a lot of crappy glossy eBooks – most of which were a waste of money. As I mentioned in my income post from last month – in October of last year I earned about $500 or so, so that’s quite a long way to come in a year. As my friend Chris (yup, the young guy who made the sweet sale of the site on Flippa) very rightly pointed out in one of his emails to me recently – “success breeds success”! That is oh so true!!

3. Why don’t I push AdSense more?

Answer: quite often I’ve found my AdSense sites not performing, even though I checked before setting up the site that there were enough advertisers for my chosen keywords (use the free Spyfu for that – its a super online tool!). I’ve pretty much avoided going hard with AdSense because of its unpredictability. That said, I purchased one domain name in November with AdSense specifically in mind – I can see that its going to be fairly easy to rank for a number of keyword phrases in this niche, and the AdSense payout is attractive, so I could not turn down this opportunity.

Congratz on your online sales yesterday Daniel!

Chris December 2, 2010 at 12:29 am

Hi Joseph,
I am proud of you man. You set your goals high and then you break them and then you set another goal even higher. I look forward to watching your progression all the way up to $15,000 a month. There is no doubt that if you keep on plugging away you will get there.

Oh yea- Thanks for the shout out in the article
Chris recently posted..The Truth About Abs

Joseph December 2, 2010 at 12:40 am

Hey Chris, nice to have you comment – no longer a lurker, huh? ;-)

Thanks for the words of encouragement! The 15k a month mark does seem quite far off, but in reality and when you ponder it – its actually not. It depends on whether I can make a success of the stuff I have going on in the background at the moment, most of which you are privy to.

Now I’m off out to get a bottle of champagne as a way to celebrate last month’s results. Erm, maybe not – the price of Champagne here in Malaysia is insane due to taxes. I’ll have to think of something else ;-)

Cheers Chris!

Joseph December 2, 2010 at 12:43 am

By the way Chris – I’ve just checked out your Truth About Abs post – the site is coming along real well – its looking cool!

Chris December 2, 2010 at 12:56 am

Yes no longer a lurker I suppose. But when you are nice enough to feature me in a post I have to say something :) .

Thanks, the Truth About Abs is a clickbank product I found that has a pretty nice payout and supposedly it is the number 1 abs ebook out there. So, we will see how it goes. Right now, I am just building up backlinks.

Anyways congratulations on your success.
Chris recently posted..The Truth About Abs

Danny December 2, 2010 at 1:41 am

Hi Joesph,

Thanks for the answer. Yes that’s some rapid growth. Obviously I’m brand spanking new at IM however I’m pretty established at every technique and more that goes into it, I’ve just not “moitized” sites in anyway (due to them promoting me, or an offline business of mind – the aim has always been to create an ULTRA professional image which is very very time consuming but worth it I think)

I don’t think I’ll be wasting money on any glossies I’ve seen what they have to offer and I think there’s better education out there. Since a child I’ve always believed there are free or inexpensive ways to achieve anything.

This weekend I will set up my IM portal (I’ll call it “the cockpit”) I’m sure someone else has done it but rather than dashing all over the Internet i will have my own private dashboard in control of all my sites and seo/im tasks. I’ll shoot you an e-mail when it’s ready so you can see.

Finally this income is great from so few sites, especially via mainly eBay (I don’t want to give them any more money than they already get from my shop and sales – that company is so unreal it feels bizarre, like your dealing with a right wing corrupt dictatorship)

Remember the guy I told you about who’s blog i found and can no longer remember his name. Well he was on $5500 a month, mainly from adsense, secondly clickbank. But he had 300 sites to do that!!!

I think that’s insane and the wrong way to go about it (maybe he had issue you have with adsense but just keeps pushing so many sites anyway) he also won’t say how much he spends as he thinks that’s a negative attitude, id suggest its more of a naive attitude and someone who’s never been involved in actual business before. Cash and cash flow are king no matter if your an online spam artist, a genuine IM guy, or a bricks and mortar shop.

Anyway good luck, im sure you,ll be getting plenty of ridiculously long comments from myself over the next year

…I just can’t help myself (think what will come out when ive got a proper keyboard and not the ipad in front of me!)

Joseph December 2, 2010 at 2:17 am

Hi Danny, I take that back from the last comment, and change it from “want a job?” to… “want a joint venture?”. You sound like the sort of guy who offers a really good skill set for us IM type folks, and many other onliners besides!

I hear ya, Danny – there are free or inexpensive ways to achieve anything. I agree. However, when I think about the amount of time I spent trying to learn this SEO stuff (in particular), I know for sure if I’d invested in someone who really knows their SEO stuff, I would have got to where I am now a whole lot sooner (in fact, I did do that, but my IM/ SEO coach had such a terrible attitude and no patience that I lasted a week with him). Hence I do believe that there are some high end “things” that are very well worth the investment. Its like hiring a top SEO guy or gal who charges a fortune – you get what you pay for.

I’m looking forward very much to seeing the “cockpit”. Hehe – cool name!

Haha – I forgot that you had an eBay shop. What do you sell on there? eBay – I know what you mean when you say they are a dictatorship. Same as Google then, huh? And I think the affiliate payouts are very poor and also shrowded (should that be “shrouded”?) in mystery since they took on this EPC thing which is similar to the CPC thing that Goog uses with AdSense/ AdWords. I’m actually lowering my “stance” with eBay. Its been good for me, but I do feel there are better ways to go with regards to making money online.

Regards the guy who was making $5500 a month while utilizing 300 sites. A lot of glossy eBooks recommend this approach. “Ramp up your Amazon income this Christmas by making 1000 new Websites!”. I started out making my first affiliate income by doing that too. I think in all I had about 160 sites on the go. But I don’t enjoy that. I don’t like just setting and forgeting. Its not what the internet should be about, I don’t believe. Although there are far worse things than the “setting and forgeting” philosophy. I’d much prefer to have about 25 sites that I could focus on and give time and energy to each of them. Or maybe a few authoritarian sites, but the problem for me there is that I appear to have very limited interests so can’t figure out which niches to go authoritarian with. Just my way of thinking, and not suitable for everyone, of course.

Very good point you make – “cash and cash flow are king no matter if you are…”. Very wise words indeed. The way I see it is… What if you are indeed making some $20,000 or even more per month, but you are investing $18,000 a month to make that income. Hmmm… not so rosy any longer, is it? Its all very well to say that you earn $20k a month, but will that income continue if you stop investing the $18k? That’s the real agenda here, I think. I believe that if I dropped my monthly investment to about $70 or $80 I could still see increasing income – month to month. In fact I’ve done this quite a few of months over the past year, where investment was very low indeed but income improved. But the thing is, I want to see far faster growth because I’m not getting any younger ;-)

Ahahaha… keep the ridiculously long comments coming Danny. Don’t always expect a fast reply though. Ask Tom about that… To be honest, I think I spend more time replying to emails than I do on my internet business these days, and that’s no joke! But then look at my income from the likes of Clickbank, Paydotcom etc. Not so high but improving all the same. I think that’s got something to do with the amount of emailing I do :-)

Oh geez, you wrote all that out on an iPad?

Regards
Jo

Joseph December 2, 2010 at 2:23 am

Yup, Truth About Abs is recognized by any affiliate who has been in the game for a few months or more. Owned by Mike Geary, although I saw the Truth About Abs site on Flippa almost 2 years ago now, so I’m not sure who actually owns the site these days. But I heard from one of my JV partners (she rubs shoulders with some of the “names” in the online fitness world) that Mike is still very much a part of the fitness world these days.

Good luck with it Chris! Its a neat idea to utilize such a product in conjunction with your main niche topic!

Jo

Tom December 2, 2010 at 2:47 pm

It is nice to see that your income went up even though you had trouble with your sites, makes you think what would have happened if they were all still ranking…

I had a really good month as well. It was almost 300% up from my previous month, and the next one will probably be even 100-150% higher than this one. As any person should though, I am already a bit concerned and preparing for January as that is a dead month for any business. Expenses still stay the same though… lol… love the talk about expenses. My offline businesses were usually in the $10,000 a month range for that part. IM is not even close.

I do like building a lot of sites, but have started getting some bigger ones together as well. It is truly hard though to respond to e-mails when you are so busy. I think… Joseph and I… are usually able to shoot off maybe 1-2 a month back and forth. As you get to know more, many people start to fight for your attention… but that is life.

Hope your next month is over $4000.

Rob December 2, 2010 at 8:52 pm

Hey Jo!
Been awhile :)
Great post as usual. Love reading about your success, very inspiring.
Glad to hear things are going well and congrats my friend. Talk soon.
Rob
Rob recently posted..iPod Nano 6th Generation Review – Ipod Nano 6g

Michelle December 2, 2010 at 10:41 pm

Congratulations, Joseph, on a great month! Those are some really nice numbers in my book, although I’m also looking forward to when you reach three, four or fives times that amount. I continued to be impressed by your eBay sales, and now by your website flipping experience too. Maybe you should write a book on that! I’d certainly buy it… :)
Michelle recently posted..November Earnings Report

Danny December 3, 2010 at 1:55 am

Agree with all the points in our reply there Joseph.

Just had two points from you post that I considered.

Regarding when you had the minisites, how did you earnings compare then – I take it they didn’t work out the same for you as now otherwise you’d still be working with that approach? Did you slowly just find that odd sites did a lot better and considered working more on those? Be interested to know what made you stop the mini-site thing and move to bigger sites.

The other thing on my mind, the million dollar question. If you stopped tomorrow, how long do you think your passive income would survive?

The one thing I think about the guy who said “It doesn’t matter how much it cost me to get here, or if I even break even because im working towards a truly passive income”.

Well thats true, but only if it is passive, but passive doesn’t mean residual.

Obviously no one knows what would happen and I wonder if it would hit the guys with hundreds of sites harder than people with only a handful of bigger sites if just “left”.

If you decided, for instance, you wanted to take 6 months out to go travelling tomorrow with no internet access what so ever. How quickly do you think the income would dry up, if at all? Would it be more or less the same six months later on autopilot do you think?

Obviously we never know but I guess you can have some kind of idea by how much you have to attend to the sites you had a year ago…

I suppose if, for arguments sake, say you built it to £15,000 a month and then just decided to leave it. You’d be subject to Google dances and more importantly for the long term changes in the algorithms and competiting sites. I wonder, with no maintenance how long it would stay around the same for, a year, two years, 5 years, 10 years?

5 years or more would be a truely amazing feat, all that hard work would then turn into a ridiculously good hourly sum.

On the other hand, if you do ever reach your aim and decide this is the figure I want, but you know maintenance is required I suppose you could work minimal hours on “maintenance” – I suppose that would involve, what? as a guess….a 1/4 of the work load just to maintain backlinks and occasionally update websites and articles.

Its unlikely any of us will want to walk away, but of course the main thing we all aim for (by working for ourselves…or maybe at least Google, eBay, Amazon etc!…at least on our terms) is freedom. To have a holiday whenever we want, or to be able to relax and have a little bit more personal time. As long as you can go on a two week holiday without finding out your income has ground to a halt when you get back then all is good!

Joseph December 3, 2010 at 2:33 am

Hey Tom, sorry I’ve not gotten back to you via email as of yet – I will do so one of these days ;-)

Yup, I’m happy with the way November finally went with regards income. I know that one time, not long ago, I would have been panicking and all depressed after what was showing in the first 2 weeks – really low spending on eBay and a rubbish low income via AdSense. Now though, that’s not the case. Things seem to have a habit of coming right, one way or the other if you just keep chipping away at the old block.

Great stats you’re seeing – once again!

I totally agree re January. Its all very well getting really excited during November and December, but January can be pretty dead. You only tend to see the Christmas vouchers being spent throughout January, and not much else.

Regards expenses. Your expenses were massive! But I bet some IM folks (who never tell you how much their expenses are) have huge online expenses too. If you are not being open about your expenses then you are not telling the whole story and in a sense its a little like falsifying the real income stats – and the real income stats should be made available if you are selling products based on your online reputation. Its like those folks who show you their income stats in an eBook they are trying to sell…
“I made this much money from Clickbank sales, month after month after month – from using the exact same methods I show you in my (glossy) eBook”.
All very well, but are they also showing you the amount of monthly refunds?

Regards to sending emails back and forth. I remember back in the day Tom, when I was really struggling to understand SEO and internet marketing. I was making no money and spending often $500 or so each and every month on glossies etc. I would email the guy or girl who I had just bought a glossy eBook from with some questions regards their methods (or whatever). Maybe I’d get a reply from 1 in 15 of those guys and girls. I know for a fact that these folks are way too busy with so much other stuff to be able to write great long emails to folks who have just purchased their new eBook. But even a couple of sentences is far, far better than nothing – if just to say “thanks a ton for buying the eBook”. And anyways, I do like formulating emails and answering questions I get via email or on this blog or via Warriors – it allows me to formulate my ideas more solidly, and engender potential business relationships at the same time. occasionally its the guy or the girl who you helped out 6 months or a year ago who comes back to you and thanks you and offers you a hot new JV idea or something.

$4k for December? I have my doubts. But who knows what Christmas sales will do, when they’ve been so quiet during all of November (for me, anyhow).It may just be an insane month for those sort of sales.

Take care not to burn too much midnight oil Tom!

Regards
Joseph

Joseph December 3, 2010 at 2:38 am

Hey Rob, nice to see you back on here! No doubt you are making a sizable income from your recent business ventures? I wonder how you are fairing with regards to your own sales at this time of the year? Seeing much or has November been a bit slow?

Hope you are well Rob!

Regards
Joseph

Joseph December 3, 2010 at 2:54 am

Hi Michelle, thanks for stopping by and leaving your congratz!

I know you were doing well with regards your Amazon sales so Christmas seems to have come to you well and truly :-)

Yes, that point I made in the post about earning 15k US in a years time via IM income – its going to be very much hit and miss really. I think most folks (myself included) first venture into IM with the thought of producing a product and selling it for a great amount of money. For most of us it does not pan out that way at all, but it does happen to a few fortunate (very, very fortunate) individuals.

However, the way I see it these days is that as we gain experience doing this IM stuff day in and day out, you get “the feel” for what is going to work and what is certainly not. That’s not to say that I know what will and will not work, its just a sense that if I do this plus this plus this plus this… then its got every chance of being a decent success. I was never any good at equations, but this IM stuff is kinda like that.

The flipping is kinda fun, and its pretty easy too but the dilemma here is – do you keep the site and develop it and thus profit even more from it in the mid to longer term, or do you flip it and see a quick profit, which may not be a sensible thing to do… I mentioned in my Flippa ad that I would continue to enhance the rankings for 4 keyword phrases on the site for a further month after the end of the auction. It could very well be that all 4 keywords are in top 3 by then and the site could make back the amount that I sold it for in a single month. Hmmm… is it such a wise idea to have flipped it at all? Tough call here, and one that cannot be accurately ascertained really.

However, if you can simply keep on building small sites and ranking them and making a couple of sales on them and then flipping them, seems to me that this is a very good investment on time spent. Some sites you will win on, some sites maybe not so much. All in the luck of the game.

Best wishes for December Michelle!

Joseph

Devin Elder December 3, 2010 at 5:29 pm

Hi Joseph,

Congrats on a great month!

Thanks also for listing your expenses, that’s very transparent and appreciated. I don’t list my expenses currently, but I plan to after I finish my year-long experiment.

Keep up the great work, and good luck in December!

Cheers,

- Devin
Devin Elder recently posted..Monthly Income Report – November 2010

Joseph December 3, 2010 at 6:51 pm

Hi Devin, thanks for coming by and taking the time to comment!

Ah yes, I believe you are aiming to get to $10k within a year of marketing online… Very good luck with that! I’m not sure if you are aiming to achieve that from knowing absolutely nothing about IM, but I can tell you for sure that within my first year I spent almost 10k US and made pretty much nothing ;-) So if you are “starting from fresh”, that would be an amazing ahievement!

I never used to list my expenses either Devin, but I read a “ranting” post not long ago by Carrie over on the WorkingFromHome blog about the fact that most internet marketers don’t post up their monthly expenses, and I thought she had a very fair point there. Its not to say that we all should, but its something to consider you may wish to do, purely for reasons of true transparency. It really only applies once you start seeing regular income though because at the outset your expenses are bound to be fairly high (buying up info products and trying out services etc.) whilst your income is still fairly low.

Thanks for your good luck wishes – and the same to you!

Regards
Joseph

Devin Elder December 3, 2010 at 8:28 pm

Joseph,

Thanks for the comments! I am aiming for $10k/month within a year, but I have already gone through the buying, failing, and learning phase and I feel like a have some pretty good systems down. Going from absolute newbie to $10k/mo would be a near-impossible feat I think, given the vertical learning curve in the beginning… The only reason I feel like I have any kind of shot at my goal is because I’m outsourcing massive amounts of work, so we’ll see!
Devin Elder recently posted..Monthly Income Report – November 2010

Jasmine December 3, 2010 at 8:31 pm

November is a rough month to get through online with the upcoming holidays and such. I have tried the whole adsense, clickbank affiliate marketing thing and I saw an increase of conversion rates so I got excited, but when it came down to it, there were no sales that came from them. I just try to maintain until about February when my sales pick back up! But you have some really great advise here, thanks for being so honest with your monthly income and expenses!
Jasmine recently posted..New BabyPersonalized Gifts

Joseph December 3, 2010 at 8:42 pm

Hi Devin, I hear ya! Totally agree too – it would be impossible – pretty much – to go from nil IM experience to earning 10k a year online, unless you’ve got massive cash flow and you are privy to some real good folks to outsource to (which would include a manager who has a lot of experience in IM him or herself). Or indeed you were one of the very, very few who are fortunate enough to create a product that manages to then go on to make some very serious sales.

Yes, I read up on your blog a few mins back that you are actually working a full time J O B while outsourcing a lot of the online work. A great way to go if you love your job!

Good luck with the achievement of your goals, Devin!

Joseph

Joseph December 3, 2010 at 9:04 pm

Hi Jasmine, nice to have you here on the SEO tips blog!

I found last year in November, my Christmas sales seemed to be rather a lot better than this year, but then I was not selling much other than what may be argued as being Christmas type stuff, whereas this year I’ve got a whole range of “goodies” on the go (and am cutting that back a lot as the months go by, to only focus on perhaps 20 to 30 sites – most of my older sites I’m letting loose because I was naive in choosing the niches in the first place).

I witness time and time again – from my own income stats and from other internet marketers too – that very often what it comes down to is creating enough sites that at least a few of those perform for you. Often you’ll find that only (for example) 5 sites from 25 will do much at all, but those 5 can be real big. You do get a better feel for this stuff though as you gain more experience, but that’s not to say you get it right every time.

I’m at the stage that even sites that make me over $150 a year – some of those will be dropped, because I know for a fact that if I spend the time that I do on those sites on something else, I’m going to be much more productive, and with much less work too – I’ll be outsourcing much of the work using my internet marketing income as the investment capital. But being able to do this only comes once you’ve gone through what you are now going through – the ups and then the downs of trying to make money from internet marketing, which tends to be a right old roller coaster ride!

I think your baby gifts site you have in the link here – that should be doing well at this time of year, providing of course folks are finding your web pages. Baby stuff is going to do well throughout the year, its merely about getting the right people to see your wares. Are you not getting enough visitors on that particular site Jasmine?

Best wishes with your internet marketing!

Joseph

Master Scott December 5, 2010 at 3:00 pm

Joseph,

Thanks for sharing your numbers, it’s very inspiring and helps many of us to see what is working and what isn’t!

Just a quick note- due to all of your in depth answers to my questions on smart passive income I was able to figure a few Key SEO tactics out. Because of that, I bought your e-book and it’s awesome. There are a lot of GEMS in that book and it was very worthwhile! Thanks for cutting to the chase and putting out an ebook that was worth the money!!

Thanks,
Master Scott
Master Scott recently posted..5 Minute Fitness Video 3

Joseph December 5, 2010 at 11:44 pm

Hi Master Scott, thanks for stopping by!

Yup – although my income figures are not nearly as huge as Pat’s (yet) the “good” thing about my figures is that they seem more “do-able” to anyone who is either just beginning in internet marketing and SEO or has been at it for a long while but not seeing much progress. Plus, every month my figures go up, whereas Pat’s do not (although his income stats are to be thoroughly admired all the same ;-) Maybe I’m just a little jealous, lol!). Personally I have no idea about iPhone apps so I would not be able to make many thousands a month from doing what Pat does there with them.

Cool that you enjoyed the eBook and found it very useful! I think its pretty decent too (I would say that of course ;-) ) – the exact methods have been shown to work, which is different to almost every other eBook I ever purchased, often at 3 times the current price of my own.

Best wishes with your own IM endeavours Master Scott!

Regards
Joseph

Richard Whisenhunt December 6, 2010 at 11:06 pm

Hey Joseph,

I’ve been enjoying reading your 40 Day Challenge WF post. I have picked up many good pointers that should help me tremendously (I’m just starting out with IM and have yet to try to rank a site up).

I have a question about your software expenses. You listed $258 as your monthly software expenses. In the 40 Day Challenge (so far), you list Blog Blueprint ($57/month), Unique Article Wizard ($67/month), and Build My Rank ($59/month) as software you use regularly. That’s $183, so what eats up the remaining $75 of your software budget, if it’s not too much to ask?

I can’t wait to finish reading the 40 Day Challenge post. Thanks for all your help!

Joseph December 7, 2010 at 1:22 am

Hi Richard, thanks for coming over and taking the time to comment re the 40 Day C!

Hmmm… what made up the remainder of that cost?

I was not using Build My Rank back then, but Blog Blueprint and UAW I was, yes. I can’t remember to be honest. I’ve used quite a lot of different software tools over the months and years so its slipped my mind what I was using back then. If you are reading through the WF Challenge though Richard, you’ll no doubt come across all the tools that I used back then.

For information on any other tools I’ve used since those days, you’ll find that on my blog here with some details as to whether the tool is cutting it for me, or merely weighing heavily on my wallet.

Hope that’s useful, sorry I can’t be more definite than that though.

Regards
Joseph

Joseph December 7, 2010 at 2:24 am

Ah, Richard, The Best Spinner was one investment – its a one-off $77 payment. Well and truly worth having is this tool – its superb!

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