I have to admit, it was not planned to do an income report as one of the first posts on this blog. I am planning to publish a monthly income report at the beginning of each month and a yearly summary post in January.
Maybe you ask why. Here is my answer: I want to be honest with you and as I want to show you how to make money online you should be able to see the results. I think it’s even a proof showing that the methods I will show do work.
Breakthroughs in 2011
I took action and got started with Internet Business. I initiated research in May 2011 and, more important, used that knowledge to build up my online empire (just kidding), which I achieved by buying some training courses and eBooks.
There are many product out there in the internet and there seems to be on little thing missing – all the time. If you get this information there is a next piece missing and so on. Remember: most of these products are made by marketers and they want and know how to sell.
It is possible to earn money on the internet, I now know. Not all of my websites is currently making money but some are not set up yet. I do not earn enough to make a living of it – but it is a good start. Please remember: you will not get rich overnight.
Income Report for 2011
I started 11 projects so far. Four of them are completed and 7 are processed right now and in different stages. I will explain later on what kind of projects I am running to make money.
The 4 running projects summed up to make me a total of $261.26. Project #8 is worth mentioning, Amazon sales did pretty well. #1 added $19.40 to the result which is not too bad. #2 and #4 just got started and do not rank yet on Google, so there is no money to be made right now.
What does it Cost to Earn Money Online?
As we will see each project need a homepage. You have to pay for your Domain name and the hosting of the site itself. That’s it – there are no more costs right at the beginning.
- Hosting: max. $12.63 for shared hosting. I use one Account for 10 websites. Hosting for us market is a little bit cheaper, no more than $9.95 and if you prepay you can go as little as $4.95 per month.
- Domains: based on the ending of the domain (.com .net etc.) there are small differences in pricing. You normally go for the .com domain if available. Following domain extensions are in my portfolio at this time
$13.75 for .COM incl. WhoisGuard
$13.75 for .NET incl. WhoisGuard
$12.75 for .ORG incl. WhoisGuard
$12.75 for .INFO incl. WhoisGuard
$5.90 for .DE respectively $7.58€ for the first year plus $3.78 fee for an escrow service which will be needed if you live outside of Germany. I mention this only for a complete overview of my domains – I am quite sure that you will never start foreign project if you do not speak the language. Please consider that the English speaking market is one of the biggest worldwide.
Often there is a domain included with hosting and you can save these expenses if you want to. I prefer to split hosting and my domains if there maybe any trouble in the future, this allows me to switch the host for example. So there are costs of $2.37 each month or $28.44 for a whole year.
That’s all what you must have to start your own business on the internet. Yes, though…
There are many paid tools and pieces of software out there which make everything easy as there may be free alternatives. You also need some Hardware. Sounds silly, but without computer, monitor etc. you are not able to build your business. If you are up to create your own audio or video podcast, there is even more equipment and software on the table. I will talk in a later posts about the tools I use, but for the moment I assume that you own a computer already, otherwise you would not read this.
I wish you a good start for this week and a successful 2012.
