August Status Report

The goal heading into August was primarily to save money and reduce expenses. With the investment opportunities and original strategy, this was the month to make that happen. Savings-wise, the month started off well.

Additionally, I started off August wanting to ramp up the selling of sites. I also wanted to focus on getting another website up and running to generates consistent revenue.

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July Status Report

Starting off July, the focus will be on client work, specifically the shorter duration freelance-type work where I am doing a single site and then the work is complete. Ideally, doing sites like this will help get everything set up to sell the existing sites, as well.

The challenge I am facing is just the set up and process of everything. Once I figure that out for the first site, I can just reuse it for the rest. Even things like quotes, proposals, and contracts are hard to come up with the first time, but should be easy for ever additional time needed.

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June Status Report

June saw the start of the new client work. I also ramped up online sales. However, on the 18th, the online sales took a crushing blow. I ran into some eBay account issues, and instead of screwing around with that while continuing to attempt to sell, I think the best approach is to pause the eBay sales while I focus more on selling websites.

I did get a website sale, but I wasn’t too happy with the process. Client work still took focus this month,  but with eBay sales being paused, improving the site sale flow moved to the next priority. I began working on making improvements with the intention of starting a bigger marketing plan at the beginning of next month.

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May Status Report

I stuck with the plan and made the wholesale order this month. I also lined up a few other products to try selling online. I am seriously considering going private labeled products through Amazon, and am coming up with brand names to use.

Talking to suppliers hasn’t been easy. We come to an agreement, and then terms change, so the deal is canceled. Plus, the time for shipping, just getting everything finalized, reviewed, and decided to go all in is taking way longer that I would like.

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April Status Report

In an attempt to get some more money coming in with the additional expenses, I started focusing on eBay more than usual. I ran some sales for Easter. I am starting to consider downgrading my accounts to avoid the selling fees.

The outsourced work I got done in February, I really haven’t done anything with. Another goal was to start taking advantaged of that and every day of the week, focus on a different method to make money.

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March Status Report

March also wasn’t a super great month. I did focus more on laying the foundation and not so much on immediate results, which resulted in more expenses and no income now.

That should pay off later, however. I also let some of the outsourced workers go in an attempt to more efficiently spend money.

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January Status Report

This month was a bit of a weird one. I didn’t do much with online sales other than what was left over from last month. I did list some random stuff I didn’t want anymore. I move in February, so getting rid of stuff is more about the move and less about money.

The primary goal of this month was to sell sites. I would like for this to take over client work, but I know things will start slow. I have been doing client work since 2012.

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December Status Report

December wasn’t like the other months. Client work still lead the way, but there was more online selling and an attempt to sell some sites. That increased revenue from the online sales, but also increased expenses from the cost of ads.

Arguably, December was worse than other months in the sense that online sales and ads were actually expensive. However, I am hoping it lays the groundwork to increase revenue in the future without having to rely solely on client work.

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November Income Report

Client work income was steady, but there wasn’t much else happening. Even loading up more clients or other projects into the pipeline wasn’t really happening this month. I really need to work on something else, especially if I am paying seller fees now.

Selling more is definitely on the list of things to accomplish. With the Fulfillment By Amazon items being sold quickly and being super easy to manage, I would like to scale that up. This is the perfect time of year to do that, even with the higher fees Amazon charges. I would also like to capitalize on the Amazon affiliate websites, and try to get those sold.

I like the websites as a more longer term plan since I control inventory, and can scale up and down as I need money. However, it takes longer to get established and build a customers list to have available when I want to scale up. Selling other products is quicker, but using another company’s products makes me vulnerable to that company. If they won’t let me sell on Amazon or even the internet, there’s nothing I can really do about it.

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