Failure sucks, but everyone who succeeds has had their share... remember that.
My one success was a JV that brought in high $XXX/day for a week or two, and mid to low $XXX/day for a few months. The money stream has since dried up as of a month or two ago, but we cashed out pretty well.
How did it make money? Here are some general points you can apply to any method:
- The method was unique. I got it from mixing up different methods off BHW. Use what you read as blueprints, but make your own method.
- Test the method manually to determine potential. The market was fresh and the method seemed very profitable.
- Scale it big and automate. Sit back, do nothing, and watch $$$ roll in daily (my favorite step)

What killed it:
- Once people start selling new software that use your traffic source, expect massive profit cuts.

- Once the traffic source becomes saturated, it becomes much less profitable and possibly more pain than it's worth.
- Lack of motivation. This was not a long-term money maker, the method was blackhat, and it sucks waiting for someone to bust you.
- Combine the above 3 and it's time to move on.
Anyways, onto the failures:
1. Web proxy sites
This is how I first started making money online. I felt like such a baller going from $5/day to $10/day and eventually to about $35/day with Adsense before I was struck down by the mighty banhammer. The big problem? My retarded approach to scaling. Instead of making a couple of great sites, I spammed out hundreds of shitty sites to take advantage of some spammy traffic sources. The market also sucked... my best proxy was in Alexa top 100,000 but the best traffic days in my network brought tens of thousands of pageviews all for very meager earnings.
2. Micro niche sites
More like micro shit sites. But I'm sure if you do these well, as in make them actual non-MFA sites, they can pay off...
For my first attempt, I picked terrible non-product keywords just because of low keyword competition which led to low $/click as expected. After coming up with a better batch of keywords, I put up 3 pages of content at most on each site and let them sit there without doing any real link-building effort or adding new content.
Over a couple months, the sites slipped and now most of them are either playing in the sandbox or jerking off in double-digit land. End result - about 50 worthless sites and domains. My best day - about $10.
Some problems were that I didn't want to put more content up until I saw better earnings, the links I built from my automated methods didn't help, and manual link-building is so damn boring. None of my sites were good enough to justify any paid or manual link-building effort.
But I think the biggest problem was that I didn't care at all about the stupid topics of any of the sites. I would've put more time into at least a couple of them if I thought the topics were remotely interesting. Unfortunately, I took a set-and-forget approach which didn't work out since the sites were crappy from the start.
3. Various software
As a programmer, I felt the need to create everything myself from the start, just so I can have things work the way I want to. That resulted in me making lots of things I may not end up even using, and wasting time worrying about stuff like the site layout and new features for a CMS when content is what really matters.
That led to me spending most of my time programming and not making money. And then the project fails. I would've failed a lot quicker, learned a lot faster, and wasted a lot less time had I just used what's already out there from the start. And if things looked good, could've always made my own stuff to solve my problems later.
Some lessons learned:
- Do everything manually at first. Only worry about scaling and automating if there's potential.
- Don't waste time making what others have already made unless you really really need to. Use what's out there at first. Time == money.
- It's very hard to do something you don't want to do. Try finding a project you're passionate about.
- Don't spread yourself thin. Focus on doing one or two things and doing them well.
- Quality >> quantity. If you want to make sites, make a couple of great ones. Ditch the idea of 100x $1/day sites.
- There's no magic bullet. Success comes from hard work, and conquering all the problems you face, one of which is wanting to give up.
And most importantly:
Learn from your failures and from the failures of others. If you don't do this, you will NEVER succeed
Maybe
one day, you'll be
relaxing on a
beach in Hawaii, drinking
margaritas and
enjoying the
fresh summer breeze and
warm midday sun. And then continue living your life of
freedom doing whatever you want because nothing is holding you back. That's a rare kind of lifestyle that few people will ever live up to, but IM is one avenue where it's actually within reach. Good luck!