Often you read about people buying domain names to put something up on them and ‘make money’. This ’strategy’ usually doesn’t work. Mostly because people get the domains and then do nothing with them.
I did that a lot. $1000s lost on domains which I don’t use and don’t have time to monetize or build out.
One of my ideas for 2009 is to quit that kind of behaviour and make profit on every and any single domain in my porfolio. Well; I have a more general idea; make profit on anything I do. Every investment I do must be met with at least that amount of revenue.
As readers of my blog know, I am busy with autogenerated sites. I have had some success with them. But only with the ones I actually promote manually. Which is not really automated in my book. I want things to be automated totally, including promotion.
But let’s say I spend $200/month on promotion of all my blogs and other ‘domain rev sites’, and I spend $8 per domain per year. Let’s say for that $200, I can have 10 blogs promoted well, I need;
10*$8 + 12*$200 = $2480 / year = $206,7 / month = $7 / day = $0.70 / domain
to play even.
With $200 / month promotion, that is very easy. Basically making $1-$3/day should be breeze. Meaning;
10*$2*365 = $7300 or $7300-$2480 = $4820 / year = $400 / month
But this is ofcourse forgetting the work I have to do myself on them and the hosting. Hosting for me is almost free, meaning that I won’t have to count it that much.
For the work involved in setting this up; the thing is, that most people are not technical and need tech guys to do everything for them. Because even if you have Fantastico running, there is a lot you need to do and know to get autoblogging working profitable.
I’ll keep you posted on the progress on my work, but so far I monetized 5 urls with 5 different techniques, and they are all doing $2 or more per day on average. This is not only autoblogging but also other means which I’ll describe later.
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