Turning Zeros Into Dollars Takes A While, Even For The Pros
It's no secret that making money takes time and patience. Many times, it's not clear how much time and patience will be needed to see a project through to the "end" (i.e. when you are happy with the amount of money you made).
For example, I started a website back in June 2015. It was a side project, but only becaues I didn't have time to write the content myself. 80% of the content was outsourced from the beginning, while I focused on other, more important websites.
Well, I kept sinking money into content, graphics, and unique photos for the blog. Hiring photographers can get expensive! Paying for reviews with unique info (not just copied from other blogs) can be time consuming as well.
For two years, I was putting money into the website without really making any money back. I knew I could figure it out, but wasn't sure how long, and to what degree this website would be profitable.
Near the end of July I got caught up on my revenue/expense spreadsheet and realized that the website made a lot more than I thought as of this year.
If the print is too small, the most recent month, July 2018 earned $4298. Almost $5,000 USD!
I'm still way in the hole on the site, since I dumped over $20 grand over the past three years. However, now I have a website that can earn about $60 grand per year, and I can continue to grow to six figures and beyond.
My investment of the money will continue to pay out dividends for years to come.
As you are building your first website, you're probably doing everything yourself, so you won't have this big of a bill to cover. Your only expenses will be the time you spend on your site, and your WA membership fees.
How long will it take you to earn $5,000 per month? 1 year? 3 years?
I've always loved the idea of earning consistent, monthly money, rather than one big payoff. I like the idea of knowing next month I'll have X amount of dollars coming in from various sources. I like building those systems, and having them pay out dividends in future years.
So for me, this project was worth it. Although I questioned myself many times over past 3 years, I'm glad I stuck with it. This project will get even more exciting as I take it to the next level.
I hope this serves as some motivation to stick with your own sites, and what potential earnings you could have. Even if you're stuck at $0.00 per month right now, in 1, 2, or 3 years what will you be able to transform your business into? The power is in your hands!
Are you stick at $0 in earnings right now? How long will you be able to continue to produce awesome content for your website even if it isn't earning the money you expect right now?
Recent Comments
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Thanks, Nathaniall, the share of income was also interesting and when the growth kicked in once you went through that 10,000 page views. Thanks for sharing there is a lot more in this post than pure inspiration.
peter H
Success tends to snowball over time. I hope to make $10k in December, and be hitting $5k consistently by 2019!
Congrats on your success. My timeline is however long it takes. Thanks for the encouragement. Tom
What a long way road. But still you made it. Congrats! Very inspiring story. I knew someday I will make my very first penny in my website.
Thanks for your post.
I think I always assume that as I get more experience, things will happen much faster. But it's a good reminder that no matter how much you learn, it's going to take time and consistency for any site to pay off.
My site turned 6 months old this month, and I've got a lot of the basics taken care of. Now it's just a matter of creating quality content on a regular basis and sticking to the lessons here at WA!
Janelle
If I had planned better and had a better business idea, perhaps it could have gone faster. It's pretty much the story of all projects I work on though, that I have to make lots of mistakes before I hit a good groove.
Lol, that's inspiring to me because I seem to make every mistake in the book as well. But those are the things that I remember the best as well also!
I hear a lot of people buy content for their websites and it took them years to make money. I hope that I can build out my site without purchasing content but I am doing a recipe site so I’ll have to purchase recipes at some point.
Hope it doesn’t take years
Great job on your site and keep up the good work
It's a very tough balance to get great content, for a price that can be profitable. Much of outsourced content is just scraped and rehashed from other blogs. Getting the unique stuff, with real insight and good writing can be tough.
Well, you CAN find that content, but it costs a pretty penny!
I so needed to hear this. It is tough to be excited about creating content when there seems to be no pay off and you don’t know if there ever will be one. Thank you for renewing my faith
It can be tough to trudge through the "no payoff" zone, with just a belief in yourself, that you can actually do this. I know you can though!
Good example how patience and consistent work and eventually pay off. Thanks for the post
Steve
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Perfect timing for this message. It's just a reminder to keep pushing forward with my little project I started a year ago.
Keep at it, and tell me about it in Vegas! Curious to see what you're working on Eddy.
Will do.