You may have seen that I already built a beta website on a domain for this case study on how to make money with Domain Names and Websites. That was a beta that you can read more about if you are interested.
This is the kick-off/real/first Domain Name using the 99 Domains process where I choose a Domain Name and build a website in 99 minutes every day for 99 days – at least that is the goal…
Since I did the beta site and tried to keep timings I knew this first site would probably take more than 99 minutes as I clean up the process and documentation.
What surprised me most was how long the articles are taking to write – about 45 minutes each at this point! This may have to be something I outsource and I am ok with that practice in general, but not for this effort so I’m going to keep writing my own articles for now and if I change my mind I’ll let you know.
The Domain Name…
RefundAnticipationLoan.net is the domain and site I chose for this first 99.
The tax year has ended and people are looking to file their income taxes. Many of them will want their tax refund as quick as possible so this one has to be online and indexed very quick. More of a seasonal domain so it may make a few bucks this year and hopefully quite a bit more next year.
The website and traffic analysis
This domain fits my case study requirements exactly in that there are at least 500 and preferably at least 1,000 exact match searches for the keywords in the domain with a Cost Per Click of at least $1.00.
To be fair, there are 18,500 exact searches which is way more than my minimum. Actually, it may be getting to the range of too many as competition from competing sites gets tougher the more searches there are.
Also, the CPC is around $3.75 which is over 3x my minimum. Again, it is borderline too competitive because if I want to drive traffic with an ad campaing it could get really expensive.
Building the website in 99 minutes
Since I followed the process I established in the beta, this site only took about 23 minutes to have up with analytics, a new theme and the basic pages like privacy and Contact form.
Where it fell apart and what is making me rethink my 99 domains idea is just how freaking long it took to write the articles. Granted, I don’t know anything about refund anticipation loans, but wow! 45 minutes went by like nothing – about 60 or 70 minutes to research, write, SEO and format each article… I have a whole new appreciation for copywriters! 70 minutes each is totally unacceptable.
I say unacceptable because for this to make business sense, I need to build the site and have reasonable expectations that I will get enough ROI based on the value of my time and the domain cost to make it worth it. So in this case I’ve spent less than $25 on the domain and renewals, but I’ve spent about 5 hours on the site. I also need to spend more time on backlinking and some more articles so if you count about $50 an hour I will need about $400 just to break even… I am not in business to break even. I guess I could take that money, pay for articles on a few other sites and pay for backlinking…
Guess I need to talk to some people who have helped me out before and have done this successfully over a long period of time…
Back soon I hope with an update.