Image Credit: Property In Europ
I know this title sounds horrible. As I am on my way to invest more real foreclosure properties for rental and cash flow, I also have bunch unwanted Internet Assets and Web Properties to get rid off. A successful entrepreneur should knows when to get started and when to exit. I am about to lose my control and destroy my own hard work by owning too much garbage web properties.
It’s almost 2012. It’s time to review what I got myself into in the past 6 years, and how I plan to clean up my own inventory.
Here are the accumulated assets in the past.
- 30+ registered domains. This does not include subdomain and those domains on blogger, tumblr, wordpress.com and so on.
- 15 active websites, including my personal blog, digital photography blog, online stores, passive income niche directories using DirectoryPress, business websites, few clients website.
- 15 inactive websites that I have no time to implement
- 70+ third-party websites on other domains for SEO and automation purpose
- 26 Twitter accounts
- Maintaining 40+ Gmail accounts for different purpose
- Operating 4 Google Voice #
- Managing Several Facebook Accounts for different businesses and clients
- Administrating 21+ clients’ Facebook fanpages
- Monitoring 21 personal profile page all over the place on Internet. Thanks to my pool management of personal branding strategy.
I know what you will say. What a mess. Honestly, this is how I got myself in troubles. And it certainly was the main reasons I can’t move faster on my major projects. This is the #1 cause of self-excuses not to move on. It is simply too much work to do and I chose to do them all. And I end up get nothing done!
So now you know. You should not make the same mistake like I did here. It’s time to clean them up or just get rid of them.
Other than those inactive web assets, domain hanging there generate no cash flow. The rest of are actually not that bad. Most of them do generate Google Adsense income and some are creating monthly recurring passive income. The biggest issues is that I miss use my time on not-so-profitable projects and miss my own deadline on the profitable projects. On the other hands, I was spending too much time on Facebook and Google+ trying to get something out of there. I truly wonder how much pro-claimed social media expert got from those two places.
This is the biggest mistake!
The reality is this. If you have to spend 40+ hours a week working your ass off to achieve your dream. You are NO success entrepreneur. At least, you are just a slave of your own creation. From my perspective, a really successful entrepreneur achieves their goal and have time to spend with their lovely families, friends and enjoy their life without work. That is how the 1% lives!
I need to foreclosure or short sale those unwanted properties. At the end, there will just be few projects to work on.
- Real Estate Property Investment
- Project A -Internet advertisement
- Project B – Niche Directories
- Project C – Content Distribution and Automation
- Project D – Luxury and High End Online store
This is going to be enough for me to focus on! I also need to fire some customers that keep dragging me down. That’s for now.
How many Internet Assets or Web Properties you currently own? Do you overly brand yourself and end up not going anywhere? Tell me how you solve it!
About Terence Chang
Twitter: gerri50
says:
Wow! The first thing that came to mind when I was reading through this post is that you must be a king at managing your time. I have been trying to scale down on assets and only concentrating on less than 5. How to manage to keep up with everything?
Something else I would like to know a little more about is: 70+ third-party websites on other domains for SEO and automation purpose
Gerri recently posted..The Top 5 Online Shopping Sites Where Kiwis Find Deals
Twitter: TerenceChang
says:
@Gerri:
First of all, Happy Merry Christmas and Holiday!
You are right. I happened to manage my tasks well. HELL. It’s 10+ hours work a day. It also means that I am not well managing my time and profit.
Most of those sites proved that affiliate marketing is NOT worth the time. However, with those sites built from ground up with unique content. I did get benefit for back links.
What I did is to use those third party sites as my content distribution site. I have script automatically take data from my main site and distribute to those sites based on their niche or region. Each post are unique.
It took me average 5 hours to create a site and pre-load some contents for the first 2 weeks. I then setup the script to load data to the site every night.
As matter of fact, I was able to make few hundred dollars on few of the affiliate sites between Halloween, Thanksgiving and before Christmas. The downside is that the cost to run those affiliate sites are pretty much the same. So I’ve only made little profit, if I got paid. Not to mention that you have to signup many different affiliate network such as Google, CJ, ShareASale, LinkShare, blah blah blah. That’s time consuming and will not guaranteed to prove your application.
The conclusion! Building sites for affiliate commission purpose is NOT going to pay off your time. Especially, if your site don’t have 6M+ monthly unique visitors. My next step is to build my own affiliate program and use those sites to broadcast it. Stay tune!
Terence Chang recently posted..The Future Is Here – Time Goes By
hey Terence!
long time no see, did you manage to streamline your business and get rid of the surplus of sites? I went through a similar stage and actually ended up just deleting domains and sites I was never going to work on, because I figured the time I would spent trying to sell the unwanted items, was way more than they would actually make me.
However, I don´t agree with your last paragraph… 6M?? do you mean 6K? I have found that building affiliate sites definitely is worth my time, and actually building and expanding quite nicely at the moment
Mirjam recently posted..I´m Back At The Keyword Academy With a New Shiny Badge to Show Off!
Twitter: TerenceChang
says:
Mirjam:
WOW. It’s been a long time. Welcome back. I was actually reading your last post 3 days ago. Good to see you are still around.
You heard it right. I did mean to say 6M. Without 6M unique visitors, you may still make OK money, but you won’t make HUGE money. It also depends on the niche. In the retail world, it’s pain in the neck to grow big and scale up.
Some niche such as education, the affiliates got paid $3000 for every qualified lead. However, to be qualified for such amount per lead requires to proof the site has huge amount of traffic (demand).
To me, affiliate marketing is such a wasting time at such small scale. You may be kicked out by your vendor or get tired of getting low quality offers.
Now I am in the process to start my own affiliate program, so people can come to sell my products.
Keep me post.
Terence Chang recently posted..She Is On Fire