Welcome to aaron chua make money blog

Hi, welcome to my blog. In this part of my world, I talked about how to achieve financial freedom by learning how to make money online through creating sites and earning from them.

Below are some current and past make money projects that details my learning journey.

My current experiment in making 50 amazon site niches. If you have not been following this challenge, best place to start is this resource page for the amazon challenge, that lists all the articles that I have written so far.

My experiment in making 1000 a month through adsense in 9 months.

If you came here looking for low cost startup ideas, here are 140 startup ideas that you can browse through.

Thursday, 18 October 2012

Dead end sites Time to get rid of mine

I wake up this morning, look at my numbers and say to myself "what do the f*ck am I doing?".

I had over 100 sites Only of a few are making serious money and I was wondering what am I doing with the rest?

Enough! Time to get rid of what I called dead end sites and move on to sites that had the potential to be a real business.

What are dead end sites?

These are sites that had very limited potential. Example? How about this? Blue torch  holder. How dead end can you get? Limited branding. Limited product extension. Limited audience. So, why make them? Because they bring in money fast. Small amounts but fast money. This creates a tiny sensation in our brain telling us that we are on the right track because money is coming in. Just do more and we will see bigger results. That is why we throw ourselves into these dead end projects so fast and furious. Just look at all the Squidoo madness going on now. People are contented grabbing a couple of hundreds or even thousands more before Christmas comes.

Enough of these dead end sites and projects!

Why am I contented with sites that make only a couple of bucks per month when I should be thinking of doing things that bring in millions of dollars.

Yes, millions of dollars. That is only a tiny fraction of the amount of money flowing through the Internet right now. I have  restricted myself enough. Time to really go forward and work on open end sites.

However, open end sites have a big problem. They might not have immediate result. Why? Because they are so open ended that they can go anywhere. This means that you might not be doing the right things during the initial period even though the site has potential.

What if you picked the wrong model?
What if you picked the wrong audience?
What if you picked the wrong product?

Open ended site need time to figure itself up. To be able to experiment and learn what is working and what is not. The good thing is that they can lead to many possibilities which is why they are open ended. Try doing that with bluetorchholder.com.

My early retirement blog is an example of an open ended website. It can go literally into different models. I can sell an ebook, I can create a social network for people who want to retire early, I can sell a newsletter picking the best investment for the week. What I can do with it is not fixed but I need time to figure out where my niche is and how best to make money from it.  However, once I figure that out, you bet that I will be making more than USD10 per month.

How about you? Have enough with dead end sites?