$0 - $258,107 in 1 year. How I did it, and how you can do it too...

by A790
36 replies
Good afternoon warriors;

Let me start off by saying that this post will be long-winded at parts (and rightfully so). I also promise to ensure that the information is factual, free of emotional embellishment, and to the point (where appropriate).

What Would You Say If I Promised You a Way to Make $258,101 Profit In 1 Year... And Then How to Lose Every Penny Of It?

Interesting headline, eh? (I'm Canadian, for the record)

In 2007 I embarked on a journey that took me from being broke, unemployed, and homeless (no exaggerations here) to making nearly $1,000 profit daily. Along the way I would be tested on my resolve, ethics, and commitment to being a good human being. Let's begin....

All Good Plans Need a Foundation. What's Yours?

I was 19 years old and had just moved across the country. I lost my job almost immediately for being too cavalier and cocky, and where I was living the economy was quite poor so finding another job was proving difficult. I turned to the online world for a solution, and wouldn't you know it... I found one.

I have always had one undeniable gift, one skill that has granted me numerous opportunities throughout my life: the gift of gab. I have talked myself into (and out of) just about everything in my life, and being broke and homeless was no exception.

I decided to turn to the only portal I had left, the Internet, and offer content writing services. As it turns out, my services were in great demand. Before I knew it I was doing $100/day in articles... then $150/day... then $200/day... and I decided that enough was enough. It was time to make a legitimate business out of it.

While chatting with a repeat customer of mine, someone who's name I've never actually learned but whom I credit almost all of my success to, he gave me some feedback: every article you write for me (charging $25/500 words) I make roughly $200 over the course of a year. You have the natural ability to put words on paper... why aren't you doing that for yourself?

Just like that I had my foundation. I had the basis that would power every venture I would ever embark on after that point. Using my natural ability to write, while focusing on building my internet marketing skills, I would become self-sufficient and financially free.

And I did.

My Foundation Was Writing. My Plan Was Convincing. How Did I Build On Top Of It?

I focused on learning how to build a good website. By a good website I didn't mean "a website that was pretty", I meant a website that had purpose; a website that had intent; a website that conveyed some kind of value to its visitor. This is the first fundamental mistake most new players in the internet marketing niche make: they forget to provide value.

All of my websites focused on providing some kind of value to the visitor. Don't get me wrong: I made websites for AdSense, and profited quite nicely from CPA/lead generation affiliate marketing, but the core of my model was always on value.

How can I get someone to stay on my page longer?

How can I decrease my bounce rate?

How can I entice someone to come back again?

How can I do all of this while generating advertising revenue?

Those four questions formed the basis of every website I built. With the mentorship of the previously mentioned repeat customer I was able to learn SEO and SEM fairly quickly, and eventually was spending $60,000/mo on Google AdWords.

My CTR's were high thanks to targeted ad copy. My bounce rate was low thanks to targeted landing pages that offered real value. And life was good.

The Core Of My Business Model Is, And Always Will Be, Timeless

My business model is simple:

1) Find a niche that is under-served and/or over-saturated with low-value competition.

2) Create a website that provides value. Website size depends on the market/niche.

3) Promote content on social networks, link building, and related communities. Always get the buy in of the communities first.

4) Monetize effectively, but not intrusively.

5) Lather, rinse, and repeat.

Following this principle I built a network of 23 websites that generated $320,100 in revenue in 2008 alone, with profit being nearly $260,000. Not bad for a single guy living in a cheap apartment. This was in addition to the 40% margins I was enjoying on my $1,000+ daily spend on AdWords.

And this, my friends, is the model I still follow today.

In fact, if someone were to ask me what my value proposition would be, it would have to be this: "To provide a useful user experience while finding a way to extract as many advertising dollars from their wallets as possible."

I don't have any lofty aspirations or noble intentions. I intend to simply provide value in exchange for advertising revenue. I satisfy someone's need for information, and in exchange, perhaps they find an interesting ad to click/sign up for/buy from. It's win-win.

Here's The Specifics: I'm Spilling The Beans.

Here is your turnkey system to make money with:

1) Know your market and your users. Spend time researching what the market needs, who the users are, and what their expectations are. Don't spend too much time, but enough to make you know more than the average joe.

2) Provide something worth coming back to. If you're creating a finance-related blog, why not offer debt reduction tools? What about a debt-reduction forum? Or, better yet, what about a savings-incentive program? Find a way to be valuable.

3) Become a destination. Put some effort into your creation. What you can do well do yourself. Outsource everything else to trusted providers. Never do your own article marketing.

4) Grow and expand. Never show your full hand out of the gate. Reveal your hand one at a time. In this case, add new features over time to encourage users to keep coming back.

5) Lather, rinse, and repeat. Once you have one site that is successful, start from step one and keep going.

6) Lastly, never stop working. Don't slack off and think that this is part-time. If you're part-time you will lose out to somebody like me who will dedicate every moment I can to building a better site than you. If you are going to play you had better bring everything you got. If you're still learning, don't be afraid to play with the big boys- what you learn will be worth its weight in gold.

Good luck, stay strong, and work hard.

</post>
#$258 #107 #year
  • Profile picture of the author Brian John
    congrats! very inspiring, thanks for posting.
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  • Profile picture of the author icegin
    Excellent post with very valid points. Congratulations on your success and thank you for sharing it here
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  • Profile picture of the author buckeyes09
    Fantastic story. Keep up the great work!
    Signature

    Christian

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  • Profile picture of the author Simon Ashari
    What inspired you to come here with this post?

    Well done on your success.

    -Simon
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    • Profile picture of the author A790
      Originally Posted by Simon Ashari View Post

      What inspired you to come here with this post?

      Well done on your success.

      -Simon
      I've been lurking around WF for years so I thought I'd chime in with something significant. Every post I make here I try to make have some weight to it...

      Plus, I know there are people on here clearing $200k+/yr and I thought it'd be nice to talk about what I did to be successful. Lots of people have ambition but lack direction. Believe it or not, but the six steps at the bottom of my post are the same six steps I follow each and every time I build a new site.

      Cheers!

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  • Profile picture of the author Michael Ten
    If that is all true, then that is pretty wild, and good job! Just with 23 websites? Do you make money off affiliates?
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    • Profile picture of the author A790
      Originally Posted by Michael55555 View Post

      If that is all true, then that is pretty wild, and good job! Just with 23 websites? Do you make money off affiliates?
      I didn't have any affiliates as I never sold any products. I focused entirely on building traffic to my money sites and providing a reason for that traffic to come back.

      Each of the 23 websites I built received at least 1,000 uniques a day, a couple exceeding 6,000 uniques/day. When I reached a "peak" with a site I would sell it and move on to the next project, always reinvesting whenever possible into my websites to ensure that I was growing my income stream.

      My average site has 23 pages of content, each page of content being at least 400 words of original, unique content. Videos, images, programs, etc. were all there as well. Everything was unique to my sites, making them a destination.

      My primary monetization method was always affiliate marketing. I tried AdSense, and even though I was making a few hundred a day (at peak) I felt that I could make more with affiliate offers. I only used AdSense to monetize international traffic.
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  • Profile picture of the author Will Edwards
    Good post full of great advice.

    Will
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  • Profile picture of the author Roan
    inspiring indeed. Im sure most people know this can be a way to go. It's just a matter of doing. And you did
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    Are You Looking For a High Quality Shopify + FB ads Course? PM me. - Only available for ONE person. Be Quick.

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  • Profile picture of the author Majin
    Great story, and vyse advices !
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  • Profile picture of the author speedbird
    Thanks for sharing and congratulations for your achievements..
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  • Profile picture of the author TopBackBuilder
    This is a great post, very informational! Too bad there's people that won't be reading this!
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  • Profile picture of the author dwriter
    Thank you for posting a truly great and informative piece!
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    Get High Quality SEO articles for as low as 0.02 per word. Get your free sample today

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    • Profile picture of the author ryanjohn23
      Thank you for taking the time to post that. Great information!

      RJ
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      www.IndyCashFlowHomes.com - Your One-Stop Shop for Investment Properties with Cash Flow in Indianapolis
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  • Profile picture of the author Thatgirl
    very inspirational! This is the exact method I am using to achieve my goals.
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  • Profile picture of the author BlackMetal
    Originally Posted by A790 View Post


    2) Provide something worth coming back to. If you're creating a finance-related blog, why not offer debt reduction tools? What about a debt-reduction forum? Or, better yet, what about a savings-incentive program? Find a way to be valuable.
    Exactly, we should all know that reselling to satisfied customers is the easiest sale to make
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  • Profile picture of the author Landare
    Inspiring and Challenging.
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  • Profile picture of the author dreganomics
    Thank you for sharing. Giving value is the most important thing in my eyes, and something that I have based my business on and will do for the rest of my life.

    I wasn't born with a good work ethic (lifelong underachiever) but what's the point of living if you're never going to make good use of your potential?
    Signature

    Check out my success story, value for everybody! :)

    http://www.freedombusinessblog.com/chris_success_story

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    • Profile picture of the author A790
      Originally Posted by dreganomics View Post

      I wasn't born with a good work ethic (lifelong underachiever) but what's the point of living if you're never going to make good use of your potential?
      When you put value in the results of your work you'll be amazed how much you'll want to put your time in.
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  • Profile picture of the author TiffanyAnne
    Great post - thank you for that!
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  • Profile picture of the author rtsand
    Thank you for the inspirational post.

    I have a question: Why do you say never do your own article marketing? Is it because it's not a good use of your time, or some other important reason?

    Thanks,
    Robert
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  • Profile picture of the author edy8888
    I think this is sometimes we dont give it an enough attention,
    A value make traffic become multiple day by day..
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  • Profile picture of the author RobbieT
    Originally Posted by A790 View Post


    Those four questions formed the basis of every website I built. With the mentorship of the previously mentioned repeat customer I was able to learn SEO and SEM fairly quickly, and eventually was spending $60,000/mo on Google AdWords.

    My CTR's were high thanks to targeted ad copy. My bounce rate was low thanks to targeted landing pages that offered real value. And life was good.

    The Core Of My Business Model Is, And Always Will Be, Timeless

    My business model is simple:

    1) Find a niche that is under-served and/or over-saturated with low-value competition.

    2) Create a website that provides value. Website size depends on the market/niche.

    3) Promote content on social networks, link building, and related communities. Always get the buy in of the communities first.

    4) Monetize effectively, but not intrusively.

    5) Lather, rinse, and repeat.

    Following this principle I built a network of 23 websites that generated $320,100 in revenue in 2008 alone, with profit being nearly $260,000. Not bad for a single guy living in a cheap apartment. This was in addition to the 40% margins I was enjoying on my $1,000+ daily spend on AdWords.

    And this, my friends, is the model I still follow today.
    </post>
    Thanks for sharing your journey and well done for achieving such good results.

    I hope that you don't mind me asking but what sort of return were you getting with the amounts of money that you were spending on adwords?

    Cheers,

    Robbie T
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    learn how to Make Money From The Web

    Follow my Journey to make an extra $40 or $400 per week each week and TOP UP YOUR WEEKLY INCOME

    Check it out here - Make Money From The Web
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    • Profile picture of the author A790
      Originally Posted by RobbieT View Post

      Thanks for sharing your journey and well done for achieving such good results.

      I hope that you don't mind me asking but what sort of return were you getting with the amounts of money that you were spending on adwords?

      Cheers,

      Robbie T
      I averaged 38% on my spend. So if I spent $100 I'd make back $138. I did this through meticulous split testing my landing pages/ad copy/etc.

      Originally Posted by rtsand View Post

      Thank you for the inspirational post.

      I have a question: Why do you say never do your own article marketing? Is it because it's not a good use of your time, or some other important reason?

      Thanks,
      Robert
      I can pay someone $25 to take an article I wrote and submit it to 50 sites. Or, I could spend 2 hours and do it myself. I value my time at more than $12.50 an hour, so it is less expensive for me to pay someone to do it.

      Outsource the menial, repetitive stuff and focus on what's going to get you paid.
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  • Profile picture of the author kittmulcahy
    Wow, Thanks, this is awesome, couldn't have said it better myself!!
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    Be the Change you want to see in the World...Ghandi

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  • Profile picture of the author JingQuimPo
    Yes. Really inspiring and informative.

    Jing Quimpo
    "The great question is not whether you have failed, but whether you are content with failure."-chinese proverb
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  • Profile picture of the author bearelsie
    its been a good share
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  • Profile picture of the author hireava
    Congratulations A790...Job well done! Keep it up! Sharing you knowledge is very much appreciated!
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    • Profile picture of the author A790
      Originally Posted by hireava View Post

      Congratulations A790...Job well done! Keep it up! Sharing you knowledge is very much appreciated!
      What kind of knowledge does the WF community need? I'm going to write another post soon and am taking suggestions on what to write about...
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  • Profile picture of the author Thrazgard
    Originally Posted by A790 View Post

    I also promise to ensure that the information is factual, free of emotional embellishment, and to the point (where appropriate).
    Liar! :p

    Your post is full of subjective information, emotional embellishment and you could have made your point in less than a tenth of what you wrote!

    Work hard and always provide value to your customers.

    Good job though.
    Signature
    When someone laughs at your dream, its a good dream.
    I'm already rich, because I get to live.
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  • Profile picture of the author Repins
    Great post was good to read, inspirational to all the noobs in IM.
    Signature

    "Help enough people get what they want and you will also get what you want" Zig Zigla

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  • Profile picture of the author jayeye
    Thank you for an excellent post.
    The six steps are really a good guideline to remember!

    Jay
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  • Profile picture of the author darrenchow
    I believe this is a great post for newbies.
    Simple, straight to the point and no fluff =))

    Thanks for sharing
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  • Profile picture of the author hconvery33
    I like this data given and it has given me some sort of commitment to succeed for some reason, so thanks.
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    Good news>>> download apk games for android For Free
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