Alright, so you have heard me announcing the mighty $20k challenge (the announcement post is here) and now I am back with a more detailed update on how things are going to pan out for the next 12 months.
As I mentioned in the announcement post, I actually am already into this and I now have a few sites in the inventory. Yes, I am spending a ton of money on buying sites- which I wouldn’t recommend to most beginners. Then again, you don’t actually need to build 60 sites either.
There’s a reason why I am building 60 sites (not 1 or 70) which I will disclose once the sites are all ready and live.
Detailed Action Plan
Over next two months (within December, 2019), I should have my 60 domains ready so that I can start producing content for all these sites. That’s the goal.
Hi, I'm Khalid...
I travel the world and try to live a digital nomad life. Want premium goodies from me? For free?
The good news is that I already have some sites up and running. I am not sure what’s the best way to reveal everything without showing the URLs, 60 Analytics screenshot will be boring, so I wouldn’t do that.
I will basically be giving a brief overview of what’s happening in the portfolio, quick wins, losses, investments and the money that the portfolio is generating now.
Is it a good idea to build 60 websites?
The answer is No. Especially, if you are a beginner. Even most experts stick within 1-5 websites and make the same $20k or even more from that small portfolio of websites.
Why am I going for 60 then?
As I said, I have some bigger plans with the 60 sites and I think, i would enjoy things more if I have a diverse portfolio of websites. That’s the primary reason.
To keep things simple, I have decided to build sites in 4 broad niches. They are:
- Baby & Mom
Everything that I build/buy will have to fall in one of these niches/topics.
Portfolio Look – November, 2019
At this moment, my portfolio has 5 websites. I bought all of them. 4 of the sites can make money with affiliate commissions and ads, the 5th one is solely focused on Google Adsense at this moment.
Cost & Income breakdown
- Site 1: Generic review type website (covers everything), cost: $7000 USD
- Site 2: a Gaming review website, cost: $1800
- Site 3: another Sports website, cost: 200 (I am building it myself)
- Site 4: A site in a hobby niche (monetized with Ads), cost: $4000
- Site 5: a Beauty website, cost: $500
I have bought 4 websites so far, for the portfolio and I have plans to buy 10-20 more if I see good opportunities. I have spent roughly about $13,000 in last 2 months, to buy these assets. Most of them are not making great money. The 1st site actually made $300+ this month and the 4th site made $100 with Adsense. I don’t want to give income reports at this stage as that will make things more complicated.
For the rest of this $20k challenge, I will be referring these sites as site 1, site 2, etc. and I will keep the serial same. That’s the least I can do in this complex process.
I have also spent roughly $900 to buy expired domains for 3 sites that I will be building in Nov-Dec, 2019. They are in the toy, sports and gaming niches.
I also ordered approximately 50,000 words from Passive Journal for Site 3, which costed me roughly around $1150.
- Cost so far (Till November, 1st week): $15,550 USD
- Income so far (till November, 1st week): $462 (including affiliate & ad income)
- Live sites on Portfolio: 5
Net Loss so far: $15,000 USD (approx)
Amazon Associate Program:
Adsense (took this screenshot in November, the balance is of October)
Plan for the Month
My plan for the month now is to build 3 sites on those domains I bought. That will take us to 8 sites. I am also actively looking at all marketplaces to buy more sites and if I can get two good deals, I will be reaching 10 sites (which will be awesome).
Other than building those 3 sites on expired domains (listen to my discussion about expired domains with Matthew Woodward here), I also intend to build 5 fresh sites on fresh domains.
Goals for November:
- Take the portfolio to 13 sites
That’s it. I want all 60 sites up before I actually start optimizing, adding content and do SEO on these. At this moment, all my focus is on making sure that all 60 sites are up and running.
In my announcement blog, many of you wrote in the comment that you would want to build a website with me. Did you start? Let me know in the comments. It is a race, but everyone’s tracks are individual.