08.02.06
End of July. Something did happend this month.
There have not been any activity on this blog from my side this month, but that doesnt mean that I havent done anything. It is summer, and I have taken a well deserved break at the beach.
I recently launched Best MySpace Layouts, a resource site for MySpace. I am using a myspace profile to spread the word about it, and traffic picked up from day one.
I have also bought a website, ArcadeBaby.com. It costed me $300, and provided the previous owner an income of about $30 pr month. It looks like a good deal on the paper, only time will tell if it was. Cash on cash is more than 100%, which is very good on a deal that was made to increase cashflow. I wont update the passive income for this site untill I actually see the numbers in my bank account.
My plan for now is to finish the sites I am currently building, as well as buying new websites that can show a proven income. That way I can increase my passive income with minimal work.
The release of the two sites I wanted to release this month have been delayed, as they are still not finished. I am building them up from scratch, and its much more work than I first planned for. I dont know if I they will be ready in August as I am planning to change my strategy. I may just start to buy finished websites with traffic and then try to increase the revenue from the current traffic instead spending a lot of time building up websites from scratch. In the end, its the money made that counts.
Financially, I did not reach my goal of $80 in passive income pr month and I am quite dissapointed of that. However, with the recent purchase of Arcadebaby.com, I think that goal will be reached in August. I will spend more time searching for established websites with traffic that I can buy for a good price.