Small Projects Add Up.
- 9 Comment
Sometimes I see people selling sites for up-to 9k. Thats alot of money. But for people that are making $1,000 a month or more they can justify asking that much money. This always leads me to wonder why the hell don’t I do that? Why don’t I focus my energy on one project and than cash out when the time is right?
For one thing, these kind of projects require alot of time and dedication. And as you know I am lazy! Lets take the example of a directory, sure you can make a lot of directories and let people propagate them for free, but who the hell wants that? You want a directory that is at least PR5 so that people would be willing to pay $4 a pop for a link. Now to build your directories rank that high, you need to submit your directory to other directories, release themes that are free that link back to your directory, buy ads on google, and also on webmaster forums. If you are a member of digital point you must have seen all the directories that advertise in the top-right hand corner. A project like this will cost you at least 1k to get up and running. How do I know this? Simple, I read it here, as you can see the OP had to spend over 1k getting it ready, and than still have an advertising budget of $250+ a month for signature links and avatar buy outs!
On the other hand, he sold it for a cool $9.5K. Not a bad turnover, but when you consider the amount of work/time/money I think its not worth it.
On the other hand this month my network of sites have made over $1,277 as of today. If I wanted to I could sell all these sites for a nice $12k easily. Considering that site sales usually go for about 12 X monthly revenue.
And what was my cost to achieve this goal?
- $35 for Domains
- $100 for Advertising
- $209 for the Server
Total Cost: $344
I will not be spending another $100 next month. But will probably spend that money on more domains.
What is my point with all this?
IF you don’t have a nice budget to start with, diversify your portfolio with smaller projects that are still good earners. Next month I will be looking into a directory. But that is only because I am now making a comfortable amount of money from my sites and they are on autosurf.
9 Comments on this post
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knupNET said:
Thanks for the post Mubin. I am at the same point as you. Good post.
March 27th, 2007 at 5:47 pm -
Kiley said:
Mubin,
Can you give me some pointers on how to get the most out of proxies?
You got my email.
Thanks
March 27th, 2007 at 8:13 pm -
Saad Ahmed said:
It’s worth it……:p :p :p
SaadMarch 29th, 2007 at 5:52 am -
Mubin said:
Kiley, can you please resend your email as I might have missed it.
March 29th, 2007 at 7:37 pm -
Clint said:
Mubin,
Nice blog. I am in agreement that many small projects are the way to go for me. I have 2 blogs going now but they are really too hands on to do much more. I haven’t looked into proxies yet. I am going to review your blog on mine and link to you. Keep up the good work.
April 13th, 2007 at 3:46 pm -
mubin said:
Thank You! I appreciate all the reviews I can get.
April 14th, 2007 at 12:30 pm -
Alex said:
Thank You
April 25th, 2007 at 1:18 pm
[...] projects are good. [MubinAhmed.com] If you enjoyed this post then make sure you subscribe to my RSS [...]
[...] Directories: Directories with High PR get paid more than directories with no PR. A listing at a directory with PR7+ will set you back anywhere from $20 to $300. Now if you own a directory you make money by selling links and PEOPLE BUY THEM! Not only that but the higher PR your directory has the more you can sell it for. For more information check out this post about making money online. [...]