My first Clickbank / Adsense Project

So i am realy new in this forum (3 weeks) and started my first project a few days ago. i will give a status report here and hope to get some feedback.

28.07.2011
- looked on clickbank for some products and choose one with less - medium competitors on main keywords by google

29.07.2011
- registered a domain name with my main keyword inside.

30.07.2011
- build a CMS Homepage with custom design and wrote an article for my affilate product with link to click bank inside.
- wrote some faked customer feedbacks on a second menue on the website.

31.07.2011
- did some seo onpage
- insert domain link in some search engines and uploaded sitemap.xml

01.08.2011
- registerd google adsense account and insert ads on my website
- bought some social bookmark backlinks
- bought some edu gov backlinks.


03.08.2011
- not listed in google on top 100 with any of my keywords but i think i have to wait some days and buy some more backlinks.

total costs:
domain/year = 12 $
backlinks = 30 $

earning:
nothing

good luck... if this is your first venture with seo...you will learn a great deal even if you fail...one golden rule.."take action and never back down" and the success will follow you,,

you are on a right way..thou shall succeed

Don't be panic. success will come. i think you should add one more thing to your "total cost", that is "TIME". you've just spend a lil bit of time. it's may not enough.

Good luck, I started 2 free blog clickbank sites about 2 months ago, only just made 2 sales this week on one of them.

Time is crucial, and I think to really make some good money, you need many different sites to start pulling in some cash, and also checking the sales page of the product you are promoting is good.