Earnings & Accountability Report - September 16th-23rd
As part of my commitment to be a part of the WA community, I have decided to share my weekly Earnings & Accountability reports. In this weekly report, I will account for my previous week's productivity, new site launches, content creation and earnings since joining the WA community. Why would I do this? For a few reasons:
1. Inspiration - My hope is that by allowing other people to see how things happen inside someone else's business, they will gain a better understanding of what it takes to succeed in their own business.
2. Social Feedback - I don't claim to be a guru or to know everything. I have learned that some of the best ideas and solutions come directly from the sharing of this type of information.
3. Transparency - I used to believe that "ideas" were valuable. That belief caused me to waste countless amounts of time, energy and money "thinking" about things. Then I found out that it is the IMPLEMENTATION of ideas that is truly valuable. This means that I now focus less on "trade secrets" and much more on ACTION. This has worked like gangbusters for me. So I stick to my guns and share what I do, how I do it and much more because I know that my key to success is "that I do it".
Productivity
Last week went by very quickly AND very smoothly. I was able to reduce the number of daily reports that I am reviewing to just ONE report that includes all of the necessary information. This one report tells me everything that I need to know, and what issues/problems I need to look into. This puts more pressure on me to get my day off to an early start (I'd rather look at any issues/problems earlier than later) at least for the next few weeks, but I have no problems with that so far.
Site Launches
I launched two authority sites last week.
Site #1
Niche - digital photography Traffic - 3,678 unique visitors Monetization type - Adsense (for now) Revenue from 9/16 to 9/23 - $11.84 My thoughts - for as much traffic as this site got, the clicks were very low priced. The initial research that we did showed the clicks would be about 3-5x higher than what we are getting. I spent a fair amount of time blocking advertisers and optimizing the ad types, but more time will be needed to tell if it will make a difference or not. There are 20 posts on the site right now, I will continue to monitor the analytics until there are 50 posts, then I will make a decision on flipping it or keeping it.
Site #2
Niche - frugal living Traffic - 1,033 unique visitors Monetization type - Adsense (for now) Revenue from 9/16 to 9/23 - $3.16 My thoughts - This site did not get as much traffic as the other site because the control freak in me came out and at the last minute, I decided to change the theme and ad structure do the lower numbers of the other site. For the first 4 days of the week, it had no ads on it. In the end, OCD me won, because the new changes to the site have it getting a ctr of over 9%, compared to the 2-3% on the other site, I'd say that is a big win. But now I have to go back and rebuild my site build so that I can run this setup on future sites.
Content Created
Sunday - 10x1 (1 article in 10 different markets)
Monday - 10x1
Tuesday - 10x1
Wednesday - 10x1
Thursday - 10x1
Friday - 10x1
Saturday - 10x1
Content creation went very smoothly this week, but our content syndication/distribution processes seem to have a few bottlenecks that need to be resolved. This week will be all about content transformations, or changing an article into multiple templated styles and then creating unique versions of each for distribution. Needless to say, I am very excited about that because more content = more sites = more revenue.
Ok, so that concludes the report for last week. If you have any questions about this report (or anything else) please feel free to leave a comment or send me a private message.
Sheryl
Recent Comments
26
I really like this idea. In fact, I think I'm going to create something similar on my blog to keep myself accountable. You don't mind if I steal your idea do you?
I do have a question for you, if you don't mind. You mention that you look at just one daily report. What type of report are your viewing? In the past, I've viewed so many different things in one day it makes my head spin. Are you simply using the Google analytics?
Nope, I don't mind at all. In fact, I like that you are taking the idea and using it, that validates the point of me sharing it.
The daily report that I am viewing is just for internal metrics. I don't review analytics every day, I check them on a weekly basis unless there is a big jump in traffic or revenue. The information that I am looking at is only for process tracking and quality assurance. I have learned that money is a side effect of value, so my obsession is providing the most value possible...which is what the report tells me, if our quality where it should be. Make sense?
That definitely makes sense, and I've learned the same thing when it comes to Internet content. People don't want to stick around on a site with crap content that they can't trust. But, how do you get a report that tracks your quality?
You have to spend time developing a quality assurance process. The report is basically a summary view of all the checks and rechecks (almost nothing is checked just once) that are required for our daily routine. Seeing it let's me know at a glance whether things are ok or not.
I guess what I'm not following is what exactly it is that you're checking for quality. Are you going over your content? I'm just not sure how you would know if something is wrong with the content (other than grammar and spelling) Sorry for the questions. I'm just learning!
Here is an example. I have learned that the title and the first paragraph are the two most crucial elements when it comes to getting a reader to read your whole article. So, because of this, I have a process that checks the intro paragraph (what we call the first paragraph) and the last paragraph for quality.
A good intro:
- Gives a clear idea of what the following article is about
- Gives examples of what the reader is about to learn
- Illustrates a benefit the reader will receive from the article
A good conclusion:
- Reminds the reader of the article's main topic
- Provides examples of what the reader just learned
- Gives the reader an idea of what they can now do with this information
So for every article that we produce, a specific team member will look at these exact elements and determine if they match this standard. If they do, the article passes, if they don't, the article is flagged and someone is tasked to fix this issue.
At this point in my business, I am not involved in any of those steps. What I end up seeing is the summary of the process, which tells me how the various QA checks went and how much work was produced. If I want to spot check, I can open up some articles to see how things look.
I will make a blog post in a moment that outlines what all goes into an article, so you can see the level of detail and then it will make more sense as to why I have QA processes to track all of this.
Okay, I got it. This is very helpful thank you for taking the time to explain it to me. I really appreciate it.
Thanks, its all about getting targeted traffic to your pages, at least that's what I have experienced.
Thanks Sheryl, this is inspiring! I was wondering whether all of your traffic comes from search engines, or is some of it from social media or YouTube?
The traffic comes from a mix of sources, but when a site is starting out, very little of the traffic is going to come from the search engines. For these sites, most of the traffic is coming from Facebook and other social media sites.
Thanks for sharing :). I am trying to build a niche website myself and want to get traffic from sources other than search engines since it is never predictable. Just another quick question...Do you use a pre-established Facebook account for sending traffic? Or is it a new account just for your websites. And if so, how did you get followers?
Thanks for sharing :). - you are welcome!
> Do you use a pre-established Facebook account for sending traffic?
I actually do several things:
1. I make sure that we produce engaging content, so that when I share it via any Facebook or social networking account, it appeals to people. This starts with the titles of the articles, since that is what catches their attention first.
2. I have a twitter account created for every new website, and when we launch the site, we pre-load 5-10 days of informative/educational tweets into the account.
3. I share the content via existing FB accounts and we use social bookmarking sites such as socialadr.com extensively to get our links and content exposed.
4. The primary focus of all of my sites is to build a list. This fits right in with my primary goal, to provide value. We get very good optin rates for the sites since we focus on providing excellent content. When someone opts in, we are basically sending them more useful content on a regular basis, which is something that they appreciate.
5. I cross promote my lists. When we launch a new site, I use the lists from existing sites to promote the new site, which almost always results in new sites making money the first day that they are launched.
Make sense? If not, please let me know.
Sheryl - I've been reading more and more that backlinks don't really matter. What is your take on this. Do you find socialadr useful? Are you getting good results with the service?
Thanks for sharing! I know I get caught in the more ideas and less action category. this is a shot in the arm!
See more comments
thanks for the post - action is the key - i saw in a question what your traffic driving techniques were - that would definitely be a valuable source of info for your report as the why's to the action as well as the action itself - your professionalism seems to be contagious
that is a great idea. I will implement that right away.
I'd also like to hear this. I feel like it's a lot to ask though, I think I've already learned a lot from this one post!