Hello again,
here is how things are going.
Good news:
For the first traffic source I have launched the first ad for site #7 today. It is approved, but there are no impressions and clicks so far which should be due to being hold for a review.
I have 7 more warm up campaigns for the money site to be launched and then will introduce the main products. This is to slowly warm up everything. After this stage auto rules and scripts will be added to the account for automation.
Tomorrow I will start working on the next site.
Bad news:
- I have two accounts pending reactivation for sites #9 and #10, so if I don't get them reactivated within 1-2 weeks, I will use other accounts, but they should be prepared in the same way and it will take some time. Luckily for the site I will start working on tomorrow, I already have a good warmed up account.
- Since I am new to TS2, I got my account banned, but this was due to being aggresive with ad copy, creatives, landing page, etc. I saw that account performance was getting worse and worse, so because the chance for a ban was very high, I decided to test few more things and conclude the results from the test which finally got the account banned. Either way though, I learned some important stuff and I also took a quick online course. I decided to do what the competition is doing and improve on it which I did, however a totally different approach is needed. Found few guys who are doing it smarter and will do something similar most likely.
To speed up the process I have one consultation booked with a more experienced guy for the next week and also I have one more guy I will call for a consultation this week as well to shorten the learning curve apart from testing on my own.
Other notes:
Working fast is of great importance, so even though I am very experienced with the first traffic source, I won't put too much focus on the details for sites #11 onwards, otherwise I won't get where I want to be with this project as a whole. It definitely has potential, but it should be done faster.
Testing for new traffic sources and ideas should be done in a matter of days instead of weeks as opposed to what I did. BIG mistake. It turned out that I don't know a lot of things which I thought were easy. Even if you find winning campaigns of competitors that doesn't mean that it will be as easy as 1, 2, 3 and it will work for you. --> probably that's the most important lesson so far. Test a lot and test fast. After you have something working, then improve it and then scale it.
I have one more idea which I will implement until the end of this week with a new method and a new traffic source. I've read about this idea on a forum some time ago and I suspect that probably no one is doing it for the GEO I want to test.
Day 61 - 4.9.2023
Results and comments for the six sites so far:
As mentioned earlier in the thread my goal is 1k EUR profit per site per month on average. Unfortunately since the competition is increasing fast and probably this method/niche will die in the next 2-3 years, I am changing my focus now.
I will continue posting in this thread of course, but I will work on the new sites as fast as possible, take the maximum profit, further automate everything after I create the new 4 sites and I will try to sell all sites (including future sites that will be built) to an affiliate team which will develop them further. If the sale happens, it will be great even if it is just in the 15-20x range yearly profit.
Each site has a potential for much more than 1k EUR/mo profit but that is only when new traffic sources are implemented and it will be an ongoing testing phase.
I will continuously work on finding something which will bring in more profit for the same time invested or less. Developing big white hat projects requires capital and I want to secure maximum cashflow for that with what I am currently working on and with other stuff as well. Right now I am not at that level and I don't want to invest funds from my offline businesses, payments from clients or from money saved. It should work the other way around.
And finally few comments for the current projects. Site #4 is almost at breakeven now as you see with only -43 EUR loss and site #5 is at -363 EUR loss which was expected, so I should be able to get them profitable this month.
Earnings - 01.08.2023 - 31.08.2023
Site #1 - +99 EUR plus
Site #2 - +665 EUR plus
Site #3 - +1348 EUR plus
Site #4 - -43 EUR minus
Site #5 - -363 EUR minus
Site #6 - +506 EUR plus
Total: 2212 EUR
Additional expenses: -554 EUR minus
Of course in the additional expenses I am also including the funds for testing new traffic sources and all other expenses - server, tracking, etc.
TOTAL PROFIT: +1658 EUR ( ~53.50 EUR/day )
I will continue updating the thread as usual from tomorrow onwards.