WebDiggin.com: An Adventure to Make Money Online

WebDiggin.com is an adventure to Make Money Online. The WebDiggin cashflow report is where we show you how much money we’ve made and lost online.

We’re doing okay.

Sure, some blogs are pulling in thousands of dollars each month, but we’re happy with the fact that we made money in the last 3 months (instead of lose money like we did in 2007).

We had a profit of $103.14 in March 2008 through our various projects to make money online.

So. Lets look at the numbers.

Table 1. WebDiggin Cash Flow Report for Mar 2008

Internet Income Stream #1: Search Marketing (Pay Per Click Affiliate Marketing)

• So far, our affiliate marketing campaign is holding up with recent changes in the way Yahoo is dealing with keyword bidding. (We thought our campaign would slow down or stop completely, but our ads have recently gotten a quality index score of 5 out of 5 on Yahoo.)

• We made $309.76 from affiliate sales (commission junction). The bulk of that came from leads through our Pay Per Click (PPC) ads that we are running on Yahoo Search Marketing and Google AdWords.

• We’ve recently signed up with MSN AdCenter, but so far, we haven’t been able to get our ads to stay approved. We did however receive a $50 credit that is valid until June 2008. (*If you are looking for a $50 Canadian Coupon Code for AdCenter, try CAAC2C. If that doesn’t work, call the 1-800 number. They were able to help me to find a promotional code that worked.)

• We spent $299.60 on advertising, so as a rough estimate, we’ve only made $10.16 from PPC marketing, but, we’ve moved over $2000 of merchandise, so we’re expecting a 20% bonus to come in a month and a half. (We should be making another $60 somewhere down the line).

Internet Income Stream #2: Content Websites

• A small portion of our affiliate commissions from CJ came from niche content websites selling SkypePro and domain name products. We’re making a push for our BlueHost review, but haven’t had any sales yet.

• The majority of income from contextual ads (Google AdSense: $37.16, Rubicon Project: $2.67) came from a number of our side projects and include AdSense boxes and Google Search boxes.

• Our webhosting costs are for the the purchase of 3 domain names. (Three $10 .com domain names bought through BlueHost.)

• We also purchased Josh Spaulding’s Article Domination e-book. and we’re trying to follow his strategy of making niche sites that make $5 / day with AdSense.

• We are starting to experiment with contests to build readership and interest at WebDiggin. It’s nice to be talking to someone other than myself. It would also be nice if we could build relationships with people and presell some of the products we use and recover our investment in prize money.

Internet Income Stream #3: Sponsored Posts

• We are experimenting with making money through sponsored posts. (It might also explain why our blog has a Google PageRank of 0.)

• We’re using the money from sponsored posts as seed money for some of our other projects (including our current $25 subscription contest.)

Bottom Line: Keep moving forwards.

• We’ve recently cranked up the budget on our PPC affiliate marketing campaign, but we haven’t really been doing the number crunching to see if we’re making money. So we have to tweak that campaign, and see if we can’t get some campaigns running on the other ad networks.

• We’re trying to improve our PageRank and Alexa scores to open up better PayPerPost opportunities.

• By working on increasing the readership of this blog, we’re trying to get more traffic here and we’re working on building relationships and learning communities. (Sure, we’re paying people to be our friends. What’s wrong with that?)

Question: How do you make money online?

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