Thursday, September 17, 2009

How Simple Stats Help Me Make More Money Online

stats make money onlineYou have been trying very hard to make money online but you always end up making a few dollars or cents here and there. This happens with everyone so don't feel that you are the only one who is not able to make it. Making Money Online can be fun but what is the fun part? The fun part comes when you see your stats and how much money you have made at the end of the month. I have had fun in my online money making journey and I write about my success and failures here on this blog. You will find various methods, tricks and tips on how to make money online everywhere on the Internet. Not all of them will work for you...but do you really know what is working for you? I have seen in a couple of cases where people have ignored what is really working for them and diverted their attention towards something that is working for their friend. I was such a person few years ago. Things started changing for me after I started keeping track of everything I earned and spent online. At the beginning, it was money spent from my day job salary to money flowing in from paypal, direct deposits and what not. I had no clue of what was happening. The only thing I knew was that the money is coming in. This could be the BIGGEST mistake you are making if you are making money online.

The money I make online doubled the day I started keeping track and stats of things. These things helped me make more money online

  • First, I started keeping my incomes separate. I stopped using any money from my day job income for online expense like advertising, hosting etc.
  • I started keeping a track of my income. I have an excel sheet which I fill in after every 15 days. My target is to beat last months record and I have been achieving it till date. I have all my sites listed in this sheet with the sources of income.
  • My stats help in telling me where I am making more money. Many people would say that if you are generating more income from site A and less income from site B then start working more on site A to increase the income. I never follow this. In such a scenario, I would compare my site A with site B, see what is the difference and start more work on site B. At the end of the next month I see site B income quiet close to site A income. Thus, increasing my overall income.
  • Stats have always helped me to keep targets and achieve them. I have always failed to achieve most of my targets and I am still working hard to achieve them. I know I will never reach my targets because they always keep moving further away ;)
  • At the end of the day, my current month's income compared to last month's income makes me feel happy and makes me more aggressive the next month.

Simple things like this often get ignored which impact in a major way. So have you been keeping track of your online income?

No comments:

Post a Comment