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A great post regarding CanadianCoins.com, upcoming Bido domain name. I’m going to jump right to the conclusion here however, make sure to read the whole post, it is well worth it!
Via Too Many Secrets:
The final numbers
I am going to be very conservative and expect the lowest earnings possible so that I can be pleasantly surprised if the earnings happen to be higher.
Adsense - Let’s say that you get 5% of the traffic, at the low rate of $140 per day. That totals to $2,555 per year.
Ebay - Let’s say you get one new signup per week and $2 per day in the 50/50 revenue split. That totals to $1,300 + 730 or $2,030 per year.
So we have a total of $4,585 per year in earnings. Let’s say you sell it after year one for a 5X multiple of earnings, that’s $22,925.
If you want to succeed in this business you have to think outside the box. it isn’t a secret anymore, pay per click is a falling trend. Mini site development (as Elliot Silver is doing with some of his domains lately) or full development (as the Castello brothers are doing with PalmSprings.com) is where the money is. No, it isn’t easy, it is indeed trial and error, but once you go through those phases you should be in a much better control of your future than you are today, that is, if you have not gone through it yet!
And lastly, tomorrow’s domain name on Bido is also a high quality one, a dictionary word domain name, Panelist.com. Lots of positive reviews on the domain, lots of possibilities, especially in the domain space. What is the true market value of the domain? We’re all going to find out tomorrow.
Cheers
Sahar
Mini-site development isn’t a cake walk, but you are right that it’s one area where there is money. TropicalBirds.com might not make a ton of money with Adsense (yet), but I did sign up my first advertiser who will have six featured listings as of tomorrow. It’s not a ton of money, but it’s much more than PPC would have ever earned.
IMO, the key is to have a well-targeted domain name, a nice looking website, and good content. I don’t think I would have been able to sign up this advertiser if the domain name was TropicalBirdsInformation.com, and I don’t think the advertiser would have advertised if it wasn’t an informational site and if it didn’t look nice.
Development is a lot of work - as Darren posted a while ago and you’ve echoed. However, there can be money to be made from a developed website.