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Current passive income pr month: $105.00
06.01.06
Posted in Blog at 2:07 am by admin
I wrote earlier this month that I had great expectations for May. My plan was to double my passive income, but I didnt do that. In May, my passive income increased to $65.00 pr month, almost six times as much as I had in April.
There are two major factors for this huge increase. Sales have picked up at Abilca.com after it got listed at a major norwegian portal, I exepct further increase in sales in June as well, and my AdSense earnings have also increased due to increased traffic. I suspect the increased traffic is a direct result of me getting more backlinks to my websites, and thus achive a higher ranking in the search engines.
$65.00 pr month is not really that much, but it is much better than $11.00 pr month. I have to start somewhere, and I started with nothing. At least it is something now, even if it is just peanuts. If I decide to go on vacation for a month, this money will come anyway. How many can say that about their paychecks.
My goal for June is to achive $80.00 in passive income. This may not be as easy as it seems as I can’t work much on new websites untill I am finished with my exams. I have three sites that I plan to create as soon as I am finished, and I think all three will run with a nice profit. If I get my marketing right, two of them have a huge potential for long-term income. I am very excited to see how this business of mine are running in a couple of years.
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05.30.06
Posted in Business at 12:57 pm by admin
I was not supposed to create any new websites for a while, because of my exams. I coudnt help it, I have bought two new domains, and are in the process of building them. It is two different concepts, and I think both of them have a huge potential for an incredible income. I will call them my mystery sites for now, as I dont want to give away my business ideas before they are up and running.
My biggest challenge now is to increase the traffic to my websites. It’s called SEO, search engine optimization, and I am not doing a good job there. I know that backlinks are important for a good ranking in the search engines. People have offered to do the job for me, but this is something I have to learn to do myself. Oursourceing that job costs a lot of money, money that I am not willing to spend right now. I may outsource the SEO job later when my cashflow is stronger.
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05.26.06
Posted in Stock Market at 3:47 pm by admin
My shares did good for a period of time, I own shares in Funcom, Tomra, Scorpion Offshore and Itera Consulting. Oslo Stock Exchange went straight up from October 2005 to May 2006, but then it crashed. My shares went down with all the others, and everything I gained has been lost. I went in with about $1800 and are probably down $150 now. Its not the worst loss, but it still sucks. At least I have learned something. I have to admit that my shares in Scorpion Offshore and Itera was nothing else than gambling. I bought because two major brokeres recommended to buy, and the market pointed straight up.
I have not sold any of my positions in those companies, I plan to hold on to my shares in Funcom untill Age of Conan has been released. I will probably buy more in Funcom as well, but I have no clue what to do with my position in Scorpion Offshore. Some say the oil price will go up again, that will definalty raise the value of them. On the other hand, the stock market in Norway is really bad right now and I never know what might happend. They are down 10% since I bought, so it was definatly a bad investment.
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05.25.06
Posted in Blog at 12:33 pm by admin
I apologize for the downtime, there was a lot of trouble with my previous host, and all my pages have been down for several days. I am no longer using dreamhost, and regret that I ever recommended them.
I have not created any new pages for a while as I am getting closer to my exams. It is really boring to study and read all day, but is has to be done. I have however created alot of backlinks to some of my pages. Abilca Ringtones was listed on a major norwegian portal last week, and it has affected the traffic to that page. The sales have picked up, and I look forward see the numbers at the end of the month.
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05.08.06
Posted in Blog at 9:47 am by admin
When I was I kid, I used to dream about winning the lottery. I figured it was the easiest way to get rich, and I knew exactly what to spend it on. A brand new Porsche, a new boat, and a new house. The list goes on. For the sake of the argument, lets say I hit the jackpot and actually won the lottery. If I spent the money unwise and lost it all, would I be able to get it back? No, because the only way I would know how to get rich would be by winning the lottery.
The world is full of people who started with nothing and created their own luck. With empty hands, they have built big companies and gathered much wealth. They can easily rebuild their wealth if they would loose it all. And example would be Donald Trump. In 1987, he was a billionare but then the market crashed and he was nine billion dollars in debt. Today he’s worth more than five billions. His wealth is not just in money and net worth, but in his head. He has both the knowledge and wisdom of how to make money.
If I am to become a millionaire, I would have to learn from those people. That is why I read books by successful people. I could try to learn everything by myself, but then I would probably fail and go bankrupt over and over again, doing mistakes that could have been avoided. It is much smarter to learn the wisdom and knowledge by someone who alredy possess it and wants to share it.
I just finished the book “The Richest Man in Babylon” by George S. Clason, and the wisdom he shares is just incredible. This is the second book that made my recommended list, you can read more about it there and find out why I recommend this. I read alot of books, but only a few selected ones make my list.
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05.06.06
Posted in Blog at 12:41 pm by admin
My passive income was $11 last month, and I plan to double that now. I am submitting my web sites to link directories like a madman, and expect to get better rankings with the search engines. My philosophy is that traffic = money, and improved rankings will increase my traffic.
The current cashflow allows me to create a new web site every month. A domain name costs me $9, and HostGator allows me to have unlimited domains. The good circle has begun, as more web sites equals more revenues and stronger cashflow. All I need is a good idea for a website and I will create it.
The books I ordered from Amazon.com came yesterday and I plan to read most of them this month. I want to learn from people like Donald Trump, Warren Buffett and Robert Kiyosaki. These are people who have had tremendous success and they have an impressive track record.
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05.05.06
Posted in Business at 10:27 am by admin
Since Abilca.com seems to run with a profit, I decided to create another site on the same concept. The purpose for this is as always to make as much money as possible, but I want to test for myself if a domain name with keywords in it will be favored by the search engines. It’s hard to test this with google because of the sandbox effect, but I am looking forward to the results from yahoo and msn within a couple of months. I will start the process of creating backlinks to best-ringtones-download.com this week.
If you like to create an affiliate shop like mine, you can do that here.
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05.01.06
Posted in Blog at 2:47 am by admin
My passive income has increased from $8 in March to $11 in April. Still very low, but what can you expect with an average of 15 visitors pr day on my sites. I am working on more backlinks to some of my pages, and I hope that will improve their positions in search engines over the next months.
The stocks I bought where purchased at wrong time, one day later they where down 5%. I do however still belive it is a good investment, so I will hang on to them. It still suck to have lost money, even if its only on the paper.
My plan for May is to create another website, either an affiliate webshop, or a site with static content that uses google adsense.
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04.23.06
Posted in Stock Market at 5:58 am by admin
As I wrote earlier, I started in December. What I have done so far?
I like to brag, so lets start with my success. Oslo stock exchange has been going straight up since October, and it shows no sign of stopping now. I dont think stocks are the best way to get rich, as I want to focus on assets that gives me a cashflow every month. But its hard to resist quick capital gain.I have invested about $800 in the Norwegian stock market so far.
$500 in a company named Tomra. They produce machines that makes recycling of bottles much easier. So far they are up 10%
$300 in a company named Funcom. They have just released the game The Longest Journey, and I think it will be a huge success. Late 2006, Funcom will release a game called Age of Conan, and I think that will be a huge success. The stock with multiply many times if Age of Conan become as popular as World of Warcraft. They are up 6% since I bought my shares. I placed an additional order for $400 in Funcom today as I expect the stock to go more up.
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Posted in Business at 5:57 am by admin
This has not been a success yet.
In December, I started an affiliate webshop where I sell clothes with my own designs. It was a no money down deal, and I get a provision for every sale I make. Its now april and I have had one sale with a provision of € 88 Euros (about $ 95). The order was cancelled, so I have earned $ 0,00 so far.
February.
Frustration. I hadnt made a single cent, but I read stories about other people who claimed that have had huge success. I got really tired of not making anything, so I created a page where I claim to be really rich. Its not that I am scamming people, I am not selling anything. I just pray that someone will be tempted to click on my ads. They have clicked for $ 7.01 so far, the domain name costed me $ 8,95 so this will be a winner.
In March, I started another webshop where I sell ringtones for cell phones. This one is also an affiliate shop, provided by Mediaplazza. It is a no money down deal where I get paid pr sale. I thought this would be very profitable since everyone wants the latest ringtone, but I have only made a single euro so far. It may have something to do with the fact that only 20 people have visited it.
In April, I started my last affiliate shop. This is an online pharmacy that sells prescription drugs over the internet. Like the two other shops I run, I just market and sell for someone else, and they pay me a provision of every sale. Money made so far: $ 0.00
My Internet business is not doing good, but I hope it will change soon.
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