Archive for August, 2008

July 2008 Earnings Report!

Hello my wonderful readers, I have some good news! We had a breakout month and I couldn’t wait to tell you all about it. Just like every other month I make a earnings report update letting you all know how much I have made this month.

So here we go, the breakdown IBB style…

  1. Site Sold (SocialDanger.com) = $300.00 (I Did Sell The Site But The Guy Got The Site And Payment Back From Me)
  2. Site Sold (NintendoFanForum.com) = $150.00 
  3. Sold Site Reviews (25) = $230.00
  4. CubeCart Skin Sale (3) = $30.00
  5. CubeCart Store (CC3 to CC4 Upgrade) = $45.00

Total = $775

Now as you can see this was one awesome breakout month for me online not to mention the money I made at my regular part time job making $15 per hour!

Time Is A Valuable Asset!

When it comes to making money online for some reason people seem to overlook there time as valuable. I have done this myself but now I know and realize the importance of my time and how I have to use it effectively to get things done when they need to be done.

I was talking with my friend KushMoney yesterday and he mentioned how he wants to start flipping blogs. Basically he said he wants to buy a blog make 10-20 posts on it then make a profit on the blog, he mentioned a profit of around $40.

While this sounds good I instantly discouraged him not to by saying “Time wise I don’t think you will make out”. What I meant by this was simple, lets say for instance you get a job somewhere at minimum wage.

Lets say that’s $5.50 per hour.

Next lets say you work 1 week of four 10 hour days. That would be a 40 hour week correct? So you would make a gross of $220 in one week.

Now lets take a look at what KushMoneyis wanting to do. He wants to buy a blog meaning he would already be spending money lets say he got a pr2 blog for $25, that’s stretching but it has been done by myself before.

Next he takes approx 30 minutes to write 15 posts on the blog. If you take 30 posts and times it by 15 posts you have 450 minutes spent on writing blog posts. Now lets dived that by 60 minutes which gives us 7.5 hours worth of work.

Taking that 7.5 hours worth of work and your 5.50 per hour you could be making at any job you just spent another $37.87 into a blog that has not made a cent yet! That’s a total of $62.87 to buy a blog and get ready to sell it.

Now comes the fun part actually trying to sell the blog. [Oh Yeah, I didn't even mention that it can take hours to sell a blog to someone if they have lots of questions. That time needs to be counted as well but for now we wont]. So you finally sell the blog and make $80.00 off that blog MAYBE that’s a big MAYBE!

Now after reading that you tell me, was it worth all that time to make $18? IMO its not a good use of time, I would rather focus on my own blogs and build them up to a point where they make $18 per week for the rest of my life and yes its easily possible to do so!

I hope you understand why I made this post and hopefully now you understand how valuable your time really is. Try and make every second you can count that way you don’t waste time you can be making money!

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