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Monetization is that even a word? :)

 

So over the years I have started many different web projects.  At first it was just a hobby to learn and have fun with.  After I got the hang of things it then turned into how can I make money at this?  I then began the long journey of how to create profitable websites.  

 

Over the years it's cost me A LOT of money.  At first being gullable to schemes and scams, learning little by little.  On to "niche" adwords site that were short term income, but soon Google banned these type of sites.  I continued  to stay optimistic and build on what I've learned with each new site.  

 

My last project was a quote site based of a TV show.  It was my most successful by far.  I put it up on Flippa in in a days time sold it for $3500.  The initial cost of the site was $10 for the domain, $50 for a script, a little of my time building maybe 50 backlinks, and probably 10 hours advertising.  All in all it was nice to have some success and definitely motivates me to build more.  So a few days later I put up for sale another aged project and made an additional $1250.  

 

While I have quite a few new ideas my next project as I've already spoken about will be Voice Server Hosting company.  Will see if I'm really on the right track with my methods of building these profitable sites.

 

Anyways just wanted to share. It is possible to make some decent money online.  You just have to stick with it and find the right methods to gain real targeted traffic and monetize.

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You seem to make selling sites so easy. I am sure there must be some secret to what you are doing. One question, though. You don't really have to answer if it's a trade secret. Just what is the ratio of wins to losses in the sites that you have bought and sold?

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Not really a trade secret just finally starting to get in the rhythm and know what works and what doesn't.

 

I would say to learn and get to this point I probably had 20 projects before that made nothing.

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Damn, That's some pretty sweet Progress.
I usually never succeeded into these things largely due to region specific problems, Mainly being Cant create a paypal account in my country that can accept money, Only give out money

But Good luck on your endeavors nathan.. And.. Share the wealth yeah? :P

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Not really a trade secret just finally starting to get in the rhythm and know what works and what doesn't.

 

I would say to learn and get to this point I probably had 20 projects before that made nothing.

 

20 misses before you hit the jackpot? That's quite the long shot. I supposed you covered all your losses with just one win. Right?

 

@Ridwan

Where are you located? India?

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Yeah, but doesn't take 20 fails to make another good one, easy to reproduce now that I've found out what works and what doesn't.

 

No it far from covered my loses.  I would say I had spent well over 20k to get here.  But I just count that as tuition for what I've learned :)

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Just wondering. What exactly is it that the buyer is paying for? A ready-to-go website that's ready to make money from the word go? Those websites were not sold with guarantees, right? So the price the buyer paid is his own estimate of what he can make after buying the site, right?

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Just wondering. What exactly is it that the buyer is paying for? A ready-to-go website that's ready to make money from the word go? Those websites were not sold with guarantees, right? So the price the buyer paid is his own estimate of what he can make after buying the site, right?

No the sites I sold were monetized and bringing in some money.

 

It's hard to sell an un-monetized site.  People don't want to buy potential and if they do they are not willing to pay much.

 

I've found that it's worth taking the extra time and effort to monetize it to make something before selling.  You will get A LOT more for it.

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Good work in getting your website sold in Flippa for $3500! Just out of curiosity, what was the revenue model for that website? How did you make money from that website? Google Adsense or some other affiliate programs? The reason being that websites with good revenue model fetch such prices in Flippa, and yet I fail to see it in your case.

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Have you found amazon affiliate links to work better than adsense?

Depends on the site.  For this one yes.  Even if people went to Amazon to look at what I had on the site and didn't purchase that product but purchased something else I still got a % since I referred them to Amazon.

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Great post, Nathan, it makes me want to launch yet another site :)

 

I look at websites in a different light today than I did when starting out over a decade ago. Back then I thought if I built it people would come, and they did but not nearly as much as I'd hoped and certainly not enough for the time I put in. Today I look at websites as if they were tools, tools to help me get my message out wether it be for money or not.

 

If you own a site that sells a product it's so much easier to get traffic to that site if you can leverage your other websites and so those other sites become tools. If you have a forum for example you can leverage that to let visitors know about your other site. If you own a link directory you can prominently feature your other site in the directory. Toplist, other related sites, newsletters, social profiles... all of these are potential tools to help promote your website.

 

If you can't improve your website any further then improve the tools you use to promote it and keep moving forward.

Edited by bigbigfan
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Depends on the site.  For this one yes.  Even if people went to Amazon to look at what I had on the site and didn't purchase that product but purchased something else I still got a % since I referred them to Amazon.

 

True. But you have only a 24 hour window to make them buy some product from Amazon. If they add some product to the buying cart, you are in luck, as they can buy it in 90 days, and you shall still earn the commission.

 

But your conversion should be terrible. How much was it ?

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Great post, Nathan, it makes me want to launch yet another site :)

 

I look at websites in a different light today than I did when starting out over a decade ago. Back then I thought if I built it people would come, and they did but not nearly as much as I'd hoped and certainly not enough for the time I put in. Today I look at websites as if they were tools, tools to help me get my message out wether it be for money or not.

 

If you own a site that sells a product it's so much easier to get traffic to that site if you can leverage your other websites and so those other sites become tools. If you have a forum for example you can leverage that to let visitors know about your other site. If you own a link directory you can prominently feature your other site in the directory. Toplist, other related sites, newsletters, social profiles... all of these are potential tools to help promote your website.

 

If you can't improve your website any further then improve the tools you use to promote it and keep moving forward.

 

^^ This +Rep!

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True. But you have only a 24 hour window to make them buy some product from Amazon. If they add some product to the buying cart, you are in luck, as they can buy it in 90 days, and you shall still earn the commission.

 

But your conversion should be terrible. How much was it ?

2.43%

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When I look at conversion rates I aim for 1%, anything less isn't worth my time. I'm very happy when I achieve 1.5% and anything above that is pure gold. 2.43% is awesome Nathan, but, too bad it's Amazon where that translates into just 7% on extremely low prices. On a retail site the payout would likely have been 15% to 25% with a higher base price.

 

Amazon is the McDonalds of affiliate programs. Fast, efficient... and cheap.

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