Did you pay too much for your domain name?
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?
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May 26th, 2008 at 3:15 am
You’re on the right track. Up is up no matter $1 or $100, just keep moving upwards.
I’ll be watching
Dennis Edell’s last blog post..ATTENTION RSS SUBSCRIBERS! (and everyone else) Testing Testing 1…2…3
May 26th, 2008 at 8:34 am
You are very near to closing your income gap, hope it will soon reach the point you are in the black or green figures, keep it up!
September 21st, 2008 at 4:36 am
Hi, I noticed you are no longer updating this blog. I learned from a blog I read before that if you really want to make money, you have to keep on posting.
You might be very busy. Anyway, making about $32 in a month is not bad. It is still money. In time, surely you will make more especially if you work hard.
December 6th, 2008 at 6:16 am
One of my buddies is always talking about your blog at work – finally came and checked it out today, nice work! I’m subscribing to your rss feed – keep on posting!
December 22nd, 2008 at 4:53 am
why are you spending so much money on ppc and other advertising. Create good content, good user experience, and money will come to you. good luck
Eric’s last blog post..Falling Short in the Poker Stars WBCOOP
February 15th, 2009 at 1:59 am
Awesome post! Added you to my reader a while back have not been dissapointed, keep up the great posting.
February 20th, 2009 at 8:15 pm
Wow, you are one of the very few that posts their results online. I usually just have to believe them when they say they are making $100 grand a year.
Cheers
GregR’s last blog post..What has Facebook and Michael Phelps Got in Common?
March 14th, 2009 at 4:33 am
Dennis, Mirjam – Thanks for the kind words. We’re still in the game. How are you doing?
NFL – You’re right. It has been a while since we’ve updated this blog. We’re working on a new post right now. The last few months we’ve been trying to make money online instead of writing about making money online. Stay tuned
Ultragreen, tucsoncarinsuranceguy – Thanks for checking us out.
Eric – We’re experimenting with a few different streams to make money online: One of them is spending money on ppc advertising to see if we can make money using a search affiliate marketing model. Sometimes it seems like it’s working, and sometimes it just seems to be a headache trying to balance our advertising expenses with our affiliate commissions. We have been creating websites with good content, but our adsense revenue works out to be around $15 per month. Then again, once we created the content and did some SEO work, the site has been pulling in money without us spending a dime, so it’s something for us to think about.
GregR – We wanted this site to document how much we made (or didn’t make) online. We’ll be posting our new figures shortly.
March 14th, 2009 at 4:55 pm
Well hello, good to see you’re alive.
Dennis Edell’s last blog post..Do You Charge For Blog Reviews?
March 19th, 2009 at 4:18 pm
This is really great, and to think I stumbled accross this site in a random search for something completely different. If you want I will give you the keywords I was searching it might help.
March 20th, 2009 at 11:47 pm
Hello,
This is the first time i read your blog,i think i will come back soon