Building Site #2 - Still Spinning & Dithering
Wednesday, February 3, 2010 at 2:52PM Week Eight
Okay, January 2010 is over.
I made some steps towards my goals for this week - I've got a total of three spins uploaded for site #2 at ArticleMarketingAutomation. I've had 99 visitors since the site went live. I've gotten 6 hops and 0 sales (well, yeah). I plan to do 3 more spins and I may attempt a small PPC campaign after that if I can use the Hostgator $50 credit at Google.
Site #1 is a puzzle. I had 6769 visitors in January and 919 hops. That's great! Of those hops, 797 were from the site and 112 were from the newsletter. I have 76 new signups to my newsletter in January bringing my list size to 165. But sales are abysmal: 566 hops to get 2 sales for one product and 108 clicks to get 1 sale for another product. If the niche was healthy, I should have made 9 sales in January, but I only made 3. And since Clickbank isn't releasing the money (STILL), I can't even say that I broke even for this month! Not loving all the work I put into site #1 right now.
I've been working on the ecommerce angle, too. I sent in my trade name paperwork and the vendor's license paperwork. I've picked a niche.
I can't open the bank account until I have the trade name/vendor's liscence paperwork to show the bank. I went in to the bank and that's what they require. So, the wheels are turning slowly there as I wait for the government to process my paperwork. What do you want to be the IRS gives me a vendor ID before the state gives me a trade name?
I've also continued on and watched the rest of module 3 in Niche Blueprint 2.0 - about sourcing products and pricing products. I ran down the names and contact information of 10 brand manufacturers that my competition is selling in my chosen. I've found dropshippers, too, for 9/10 brands. I also watched module 4 about domain names. I wish I had a couple grand to buy an aged domain name, but I don't think so!
The next step is to contact the dropshippers and brand manufacturers to see if I can set up accounts. I'm waiting on the trade name/vendors license here again! I need a bank account and license number to look professional to them according to module 3.1. So I've been doing some niche research and keyword research as I wait.
As soon as my trade name/license papers arrive, I will set up the bank account and begin lining up the dropshippers.
Meanwhile I'm going to continue researching product and learning about the niche while I wait. This week I will buy a domain and watch module 5.
And keep spinning for site #2. You never know. Registry cleaners are supposed to be a top 10 niche.

