Make, “Making money fun”, with these ideas (for newbies)

Ok, in May of this year, I decided to find ways to make some money and reduce the stress of being totally dependent working for the “man”.

So, I decided on 2 things; websites with adverts, and a high interest bank account.

So I setup the bank account, simple enough.
The account was HSBC with 4.5% interest, or in other words, $450 per year for every $10,000 you have in there.

I created some sites, I then took the summer off (shame, I would be so much better off if I hadn’t), but since October $15, I am adding content every 2 or 3 days. One thing I did do was keep putting away $50 - $100 per month into savings though.

Anyway, took keep motivated, I designed a spreadsheet.

I will describe the purpose of each sheet in detail.

Ok, so you have a website, and a savings account. With HSBC, they pay interest every month so for example you made $2.50 for the month of October, that’s 8.3 cents a day, based on a 30 day month. Congratulations, you are making 8.3 cents a day.

So what, I here you cry. Well, from acorns, mighty oaks may grow, and it’s only the start anyways.

Page 1: Goals

You have to have goals right. Since I am a newbie, my goals are real simple.
I must tell you that my Goals are related to total earnings, not just those from the web, but interest as well.

Goal – Make 25 cents a day, 10 times then mark goal as completed.
I choose 10 times as a way to be consistent.
Once you have completed this goal, set it to 50cents 10 times.
Since this may take a while, I personally carry over any total that exceeds the next goals.
So if 4 of my 10 earnings were 50cents and above, I would carry them over to the new goal.

Another Goal is to make 1% of my total earnings.
So calculate what that is, and I will explain how that works on my weekly / yearly averages page

Page 2: Best Days

Here I set a minimum of 25 cents entry to the top 30 best days.
Keep a record of the best days you have had since starting the project.
Again, this means total interest.

I would like to point out something that keeps me motivated here.
Since everyday, you money in the bank is earning interest, then every month you will earn more money, at least from the bank.
So it gets a bit easier every month to reach your goals, and have best days.
Also, I would recommend that you have Google deposit earnings into the savings account, so you bank interest climbs faster. It’s like a vicious circle that works for you.

Page 3: Totals
For each month, keep the totals for Bank interest; Web earnings, and total earnings, so you can compare month by month.
Hopefully, each month will be higher than the one before. Shouldn’t be too hard for newbies.

Page 4: Bank vs. Web
Here I keep track of each day, and which days the Web, or Bank earned the most.
For most people, the web should blow the bank right out the water but since my sites are so new, it’s a 50/50 thing.
Shame when my sites can’t beat the banks 10cents a day interest.

Page 5: Sites
This page goes hand in hand with adsense channels.
I use it to keep track of how each site is earning.

Page 6: Weekly / Yearly averages.

This is a little complicated I guess.
Here I take my 7 day earnings, and divide it by 7.
I then fill in web earnings by day, and week.
Times the days earning by 30 to get 1 month projected earnings,( this presume the earnings are consistent, I know)
Times the days earning by 365, to get years earnings.

Now do the same of the bank interest.
Add the totals together.
If this figure beats your 1% Goal for job security, then mark it off 

Page 7: Month by Month
This take the information from Page 8 onwards, and puts it into an easy to read comparison of month by month earnings.
Here, you would have 31 days, and input the total earnings for each day.
Then you can compare how you did in October, vs November, day by day.

Page 8: current Month (Will become previous month)

Each Day, put in total Web earnings, total bank interest, and total.

Example.

Date Bank Web Total
11/1/07 0.10 0.20 0.30

Anyway, this is how I do it. It gives me real simple goals to aim for, and keeps me coming back for more when I get those all to common goose egg web earnings for the day.

Thanks

 

Nice, I'm assuming you live with your parents or room mates.

 

is anyone finding this useful.
It's my first attempt to help people, and I would like some encouragement to write again.

thanks

 

Why is your goal to make 25 cents a day? What can you buy with that? So every other day you can buy yourself a snickers?

 

The problem is, my sites don't get many visitors, and those that come don't click. Most of my days are goose eggs.
When I do get a click, it's normally 20 cents or something.

Some people know all the tricks, have help, or lucky and start making money right from the 1st day. I think most people start real low.
I have been doing this serious now for 35 days, and have only made over 25 cents 17 times.

Of course, if you start off making $5 a day, then set your goal to make $10 a day. It's not set in stone.

 

these guys mess with you. If your happy and working towards a goal, thats what matters. Keep up the work and one day youll blow by these guys.
everyone starts small. !!

 

i think this can be agood motivational tips. you shoul write more about it.

and i like your writing style.