$50 Into a $1 A Day

Aletheides · 05-10-2008, 01:03 AM

Found an interesting set of blog posts about how someone is trying to take a $50 investment and turn it into a $1 a day website - in 3 months.

So far he's on day 13.

Anyone interested in trying it out? I shoot for bigger numbers because I invest more on new websites, but it sounds like a fun challenge because of the bootstrapping aspect of it.

Quote:

What does everyone think? Is this challenge even worth doing? I can hear people say, “$1 a day! WTF! I can’t do anything with an extra $30 a month. my phone bill is more then that.” I would respond with, “When I first started, it took me three months to earn $30 each month and I was excited because I knew if I could make $30 month online. I could make $3,000 month. Also when I first started, my focus was to develop site to improve my skills as an Internet Publisher. I might not be making $3,000 a month, yet, but I’m half way there.” Even though $1 a day isn’t that much, I would take that $1 a day over $0 a day… anytime!

warrensway · 05-10-2008, 10:56 AM

Definitely sounds like it would be fun. Maybe on a little higher scale, but yeah it would be a good challenge.

Yiie · 05-11-2008, 09:25 PM

Interesting read. Will keep up with his process to see how he goes.

violet1985 · 05-11-2008, 10:26 PM

scamer,Did you just for this blog link?

JLeezer · 05-12-2008, 08:12 AM

Really? Cause that's definitely not the same thing that the article in reference is discussing. But thanks anyway

cosmocentral26 · 05-12-2008, 08:40 AM

Very innovative.

Aletheides · 06-04-2008, 05:21 AM

Quote:

Originally Posted by violet1985

scamer,Did you just for this blog link?

Please think before you press the submit button.

Quote:

Aletheides at youngentrepreneur.com enjoyed reading this challange and was nice enough to write this post on their forum, $50 Into a $1 A Day. I would like to welcome the visitors from youngentrepreneur.com and hope you all enjoy this challenge.

I got a shoutout

lol

$50 Into $1 A Day â€“ Twenty Fourth Day

His daily average is at around 80 cents a day so far and it looks like it's improving.

MoneyMagnet · 06-04-2008, 11:09 AM

I don't get what the 50 dollars is suppose to be allocated to. Is he not counting hosting costs? Cool idea tho

Aletheides · 06-04-2008, 04:57 PM

I'm not sure exactly what his costs are so far, but I know he's added the domain cost in there and bought $20 worth of content..

JLeezer · 06-04-2008, 05:34 PM

I have a difficult time with hosting costs. I have one account with media temple that should be able to serve up at least a dozen decent sized sites. So, do I just calculate my cost as $20/mo divided by the number of sites currently hosted on it. Or do I add up all the hits that the sites got for the month and figure out their actual usage. Seems like it'd be a lot of extra work.

I'm guessing this is why he hasn't mentioned hosting costs yet, because for many, adding a new site does not increase their fixed costs.

I also have enjoyed the articles and actually started EntrepreneurAccounting.com as a trial for what he's been saying, unfortunately not with the same amount of success.

Aletheides · 06-05-2008, 02:57 AM

Monthly cost divided by amount of sites. When I signed up for hosting I used the MAX97 dreamhost code and got a year for 22 bucks. Now its back to 11 dollars a month and I host about 15 sites on it, so my cost per site is pretty paltry.

jayrobinson15 · 06-06-2008, 08:15 AM

Sounds like a pretty good deal, but will it work long-term?