I want to know if there's anyway to know how much in sales, and net profits that the competition makes daily. I've been looking all over the Internet, but I've come down to nothing that answers my question.
and here you will also find nothing. do you think its possible, that you find your compitition. its secret man. ask them directly, they may tell you but no one else.
If your competition is something like a public limited company that is required to publish it's accounts - well, you can look that up. Otherwise it's between him and the taxman. What a bizarre question - would you want your sales and net profit accessible to all and sundry?
The reason I ask is to get an idea about how much to spend on Adwords. You see, I can find out how much they spend a day. I figured that if I take in account how much they make in net profits each day, get their daily spend limit, I can make a formula to see how much I need to spend in general to make a profitable Adwords campaign. There are other factors as well, but I don't really like spending a lot of money in Adwords. As for me, I'm more of an SEO type of guy.
there are sites out there that calculate the amount of traffic, niche, and ad placement in order to give you a rough estimate on how much a site makes. They are never right though but still interesting to look at.