Other than this what else would you guys do different?
This is what I do:
1.Get a domain
2. Hire a writer to write 2 - 3 daily unique articles (using wordpress with all in one seo plugins).
3. Pay another guy for Marketing (daily link building, article distribution, directory submissions).
4. Monetize (using adsense, nofollow aff links)
Thats what I do, but between paying the writer, marketer and the hosting I am spending over 200+ bucks a month and a site like this usually makes me only about a buck a day.
So what you guys think, what am I doing wrong??
I theory with that many quality articles, seo and marketing my traffic should grow and I should be able to make good money, but people dont click on any of my ads and I am spending more than what I make.
Some people just aren't cut out for business. That's the reality.
Creating sites with unique content and adsense on them is only 5% of the puzzle. It tells us absolutely nothing about why they fail.
You can't just create any old site. It's like me saying:
I bought a big shop, had it renovated and decorated to look amazing, hired staff to run the shop, advertised that my shop's open for business, but I'm not making any sales.
Creating any old site with unique content is just a "lucky dip". If you can't pick profitable niches then create sites that are going to convert then you won't succeed.
I've said it before and I'll say it again, all that matters in marketing is your ability to sell. SEO, methods and all that bullshit are useless if you aren't good at MARKETING. The only people that make money online are the ones who know how to market and sell.
If you can't do that then business isn't for you and you need to just get a job in an area where you have other talents.
Also, I see many people talking about how IM has gotten harder. What's happened is there's no longer a bunch of "easy methods" where you can just make a few posts on craigslist, put up a crappy adsense page or spam myspace to make a quick buck. Marketing now is like real business, and only the real business people will succeed. It isn't hard to make money online, it's still much easier to make money online than offline, but gone are the days of the mcdonalds burger flipper making $1k/day from a method he found on bhw.
If you can rank sites and write landing pages that convert, you're going to make upwards of $10k/mo.
2. go into offline consulting for local companies that need help with online reputation
Dear god, you're advising someone who clearly has no clue about business to go into offline consulting? The industry is bad enough as it is. Everyone who fails online resorts to running some sort of offline consulting biz. God help the company who take him on to manage their online rep.