Well it’s been a whole year since we first revealed how much we made on Amazon in November 2009 and such a lot has happened since then.
We’ve said many times before that we don’t want to put all our eggs in the one basket so we have been working on a variety of different passive income streams in order to diversify our income. We have been trying out a few things over the year which seem to be working and we are pretty satisfied with the outcome.
Its now time for us get back into promoting Amazon products, after all we know how well they convert. Even though we didn’t spend a lot of time this year working on our Amazon product sites, the work that we did do resulted in an increase in our income which is pretty nice considering the downturn in the US economy.
Now, before I go any further, I want to reiterate that if you are new to making money online or if you’ve been around for a while and aren’t making much money then you really shouldn’t be looking for other methods to diversify at this point. The only time you need to start diversifying is when you are making or getting close to making a full-time income from one single source. Prior to that you need to focus on one income source until you start making money. There is no point diversifying if you aren’t making money from at least one form of passive income.
This is the number one mistake made by people trying to make money online. They jump on to the next thing that comes along instead of focusing on getting their first income producing stream working. We know what it’s like – we did exactly the same thing.
So our main goal for our Amazon sites for this past year was to get a number of different pages from a variety of different sites making money.This has worked nicely as we are seeing income come in from a variety of sites now and not just a few.
What we did do was create a few brand new product reviews but mostly we went into our stats and selected pages on our sites that were getting traffic already but were not converting very well. We then set about reworking the reviews into the new longer format. Even to this day we still have a lot of poorly written reviews on our sites. Reviews that are not particularly helpful to the reader and are just a rehash of product information; this is how we used to write reviews until we realized some time back that they don’t convert very well at all.
In the past year, we only ever worked on 3 to 5 pages at a time. There might have been 2 from one site and another 2 from another site and another from a third site. We didn’t work on those sites as a whole – just on those individual product review pages from those sites.
As you can see from the screen shot we made a total of $19,023.09 last month. So that’s about $4500 more than this time last year. Interestingly enough, our conversion rate has improved from last year. There could be a number of reasons for that but I’d like to think it is because we are writing better quality reviews and slowly reworking the poorly written ones on our site.
Another interesting thing to note is that the number of clicks is down a little from last year. Again there could be a number of reasons for this – perhaps the downturn in the economy in the US?? Hard to say since it is not a huge difference.
I wish I had taken a screen print on the 30 November because it would also have shown the commission rate we received which was 8.25%. I don’t think we have ever hit the 8.5% rate but it may be on the cards for December since we are already at the 7.5% commission rate and have earned $2384 for just the first two days of this month.
As you can well imagine, we are extremely happy with this. It’s been a long road for us to reach this point – we’ve worked hard and it has taken us a lot of years to finally get things working for us. So to see these sorts of figures really puts smiles on our faces.
You can see now why we have decided to get back and spend more time on our Amazon sites. That will be our major focus in 2011.
We hope you can use this as a bit of motivation to get you going for next year. You can do it – we know you can, because if we can do it you can too.