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 had a profit of $32.07 in April 2008 from our projects to make money online.

We’re still trying to recover from our 2007 losses of $459.84. Last quarter, we made $299.48 online, so we’re closing the gap, but we’re still at a loss.

In April, we experimented with increasing the readership of this blog by running two contests. (Basically, we tried to pay people to be our friend.) 

It was a neat learning experience, but we’re shifting our efforts away from the make-money-online genre.

Right now, we’re focusing on two areas:

• Trying to make money using content websites powered by Blogger and WordPress.
• Trying to make money using search affiliate marketing.

So right now, we’re just going to maintain this blog as a diary, showing how much money we’ve made and lost, as well as any tips we’ve picked up along the way. (i.e. how to point your GoDaddy domain name to your blogger account.)

Inflow: $473.43

In April 2008, we made $473.43 through three streams of internet income:

• The bulk of the inflow ($386.53) was through Commission Junction affiliate sales (by buying Pay Per Click traffic).
• We made $36.40 from contextual PPC ads (Google AdWords and Rubicon Ads).
• The final $50.50 came from writing sponsored posts. Last month we made more money with PayPerPost. We’re shifting away from sponsored posts for a few reasons: 1. There seem to be few opportunities. And, 2. There is the infamous Google PageRank slap where you’ll be penalized with a Page Rank of 0 if you have sponsored posts on your site. We didn’t really have any luck with Smorty.

Outflow

We spent $441.36 in April 2008.

• $411.36 went towards PPC advertising costs to drive traffic to our PPC search affiliate campaign. Although it looks from the cash flow report that we lost money doing search marketing ($386.53 in commissions; 411.36 in advertising), our one working affiliate marketing campaign broke out even in April. (We made $410.92 in commissions (click date), and spent $411.36 on advertising.) When our commissions lock in a month and a half, we’ll get a 20% bonus for moving over $2000 in merchandise - which means that we’ll turn a $80 profit from the campaign in April.
• $30.00 went towards contest prizes, but we recovered that money in sponsored posts.

Bottom Line:Life has gotten busy lately, which may be a good thing. We’re going to focus on search marketing because at this point in the campaign, we can just monitor the clicks and commissions and make sure we’re at least breaking even.

Question: How do you make money online?

(No Ratings Yet)

 Loading ...