Last night, a friend of mine asked me a question via email.
Keith, if you could tell me how to make $250,000, I sure would appreciate it.
So… I posted my response on Facebook this morning. I also felt inspired to post it here for you.
Keith: How to generate $250k fast… Build 100 blogs that generate $5.00 per day each ($15,000ish per month). Maintain the traffic/conversions for 3-6 months and then list network for sale for 4x yearly ($720,000). Take cash offer for 1/2 ($360,000) and pay broker 15% ($54,000). Tax’s on $360,000 will be roughly $140,000. Leaving you with $166,000 from the sale and $45,000-$90,000 from the network while you owned it.
Comment 1: Gees, how do you keep up with blogging and conversations on 100 differnt blogs? And how do you make a blog generate money? Affiliates?
Comment 2: Sounds Great! Now all I need to do is figure out the first part – the $5.00 a day blog! Rest is easy!
Comment 3: Lol
Keith: I have a ‘blueprint’ system that designs the blog structures. That also dictates topics for writers/autoblogging. Autoinstallers set everything up and management systems direct who/what does what from technology and workforce standpoints.
Comment 1: ok, you have my attention. I presume you sell this “blueprint” system? Do you have a presentation you could send me or a website with more details on how it works and the cost? Can this sytem be used on websites for RSS feeds and/or auto updates to link stories from other sites on specific topics?
Keith: No, I don’t sell the blueprint. I’m just asked often why making money is so hard, so I wanted to show how it’s just a numbers game and how anyone can do it once they know what they are shooting for. Most people go blind with no goals and get nowhere. Now there’s a very simple 250k blueprint.
Keith: Oh, you can follow my blog at AffiliateRadio.com. Yes, you can do this with feeds as well. I have a site that does just that at http://www.movieticketandnews.com (Adsense and Fandango affiliate). You can use that as a model.
Keith: Scott, again, a numbers game… 1% conversion per 100 visitors and you are selling a $50 product with 50% commissions is $25 per 100 visitors. 1 sale every 5 days does the trick (20 visitors per day). If using Adsense, 20% CTR (20 of 100 visitors click a link) with an average payout of $.20 requires 25 clicks per day (on average)… so 120ish visitors per day is needed in that model.
Keith: The point is that if you know where you are going, it’s a lot easier to get there.
{ 3 comments… read them below or add one }
Holy cow… the taxes on $360,000 is $140,000? .
Frigg… that’s about 40%. I’ve never earned that much to be
in a tax bracket like that.
But… That ’s Gov. robbry.
I’d be sick for months knowing I paid 40% in taxes. It just doesnt seem right. Dirty dogs.
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I’m not sure I understand? What is the “blueprint” you speak of?
How would someone build out 100 blogs efficiently?
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Keith,
I thoroughly agree with you that, without a plan on getting to where you want to go, you will go “nowhere!”
I spent the first two years of my internet marketing life in learning the ropes, and the past two years planning out how to “clone” successful blogs in micro niches. I divided how much I wanted to make from each blog and it got me to $30,000 gross a year so far. I know I can scale this up and make a very good income from this!
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