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Welcome to Niche Site Project! If you haven’t visited here before, thank you for taking some time out of your day to check out the income report for May, 2014.
This month the report is particularly exciting! It includes the income from the recent sale of one of my niche sites.
That also has a pretty big implication for June earnings…and we will talk about that later.
I publish income reports for you. By sharing the failures that I experience and the successes that I celebrate, you can see what is working, what is not working, and what you can do.
It really wasn’t that long ago when I didn’t even know about WordPress and I’m still quite a novice.
I hope these reports inspire you and make your journey successful. I hope you can learn from my mistakes and avoid the roadblocks that I have encountered.
You will still find some roadblocks on your own, and that’s the only way to get experience. Every roadblock that you find your way around gets you one step closer to success.
So, let’s get to it!
- 1 Amazon Screenshots
- 2 Other Projects
- 3 Summary
Let’s look at the earnings of the websites that we are tracking. This month we have 3 sites to analyze.
Main Money Site – Cumulative Lifetime Earnings
It’s more like a plunge in earnings…The cumulative earnings still look impressive.
Now, you will see that it looks like the site isn’t even making any money (at this scale).
It is…but just not like the glory days. It happens…
Main Money Site – May Only Earnings
Here you can see that the site is still making a little bit of money. It is still converting sales.
Second Money Site – Cumulative Lifetime Earnings
So this will be the last big month with earnings for this site since it has been sold. This site has been a solid earner and I hope the new owner has continued success.
We essentially claimed 17 months of future earnings all in May. We were able to get such a high sales multiple by selling with Empire Flippers, who sell sites at a 20 x monthly net income on their marketplace.
Second Money Site – May Only Earnings
The Amazon Affiliate earnings were just for a couple days in early May before the site was fully transitioned to the new owner.
Second Money Site – Sold!
The site sold for $10,400 and if you minus the broker fee and listing fee, you end up with a take home profit of $8,858. That’s after the listing fee for Empire Flippers and the broker fee of 15%.
I’m proud to say that is my biggest payday in the niche site arena!
Third Money Site – First Sale
We have a new site that we are tracking now. It’s not much but all sites start out slowly.
Overall Amazon Earnings (All websites)
I will included the proceeds from selling the site here even though the earnings are not directly from Amazon sales. It’s a record month of earnings!
In addition, the costs were minimal overall. There were some expenses listing with Empire Flippers ($297 for the listing and $1,563 for the broker percentage) but other than that, it was a pretty lean month.
I have been focusing on developing and refining a Private Blog Network Course with Lewis Ogden from Cloud Income.
That has taken a tremendous amount of time. All the material had to be written and then we had to shoot the video.
And, all the video editing…That stuff just takes a lot of time.
As a result, I have not been able to focus very much on the newer niche sites that I have started. They have not been completely neglected…
Now, things are stable and she is doing a fantastic job…I expected she would do a better job than me, and that is 100% true.
She has primarily been helping to get the case study domains to rank as well as the 3rd niche site that got it’s first earnings.
It was a great month financially. It was awesome!
It is a little scary though. I don’t have any sites ranking on the first page right now.
The relatively consistent earnings from Amazon are gone with the sale of Site #2.
That means that June will be a pretty low earning month – probably a very low earning month considering where my sites are ranking right now.
What we can see is that I’ve made almost $24,000 in niche sites in the last year.
Wow! I can’t believe it.
The most powerful thing is that I know I can do it again and better. I see other people that have bought my book and followed the same strategies find success, too.
What did I learn?
I learned that I might have taken on too many projects at one time. It’s a classic mistake.
Once you start seeing opportunities, it is quite easy to get involved in new projects.
It’s like a light comes on and you can see things in a different way. I need that light to go off again so I can focus very hard on 2 or 3 projects. 🙂
It’s all about focus and priorities.