So what do nerds get for Christmas? They get domain names, that’s what.
I remember this clearly, because it was Christmas Eve in 2010 when I bought my domain name for Ebiz Store “G”. I remember thinking that I got myself an $8.99 present.
Over the course of a week, I created a new store which opened on January 1st, 2011. I talked about this store last month but I never really talked about it.
As usual, I’m not going to mention the product. But this store was started because of my competition. I don’t want to go into details in case they happen to read this. But basically, they were doing something I didn’t agree with and I was going to get an attorney to write a letter to them. They have a bunch of other stores so I was clicking around looking for some of their address information when I came across a good product idea for a store. Then I thought, why waste money on an attorney letter. Use that money to open up a new store instead. So that’s what I did.
So it’s April 17th, 4 months later and this store is doing pretty level. With consistent SEO, it’s at number 1 on one of the keywords and between 3-4 on the others. It also ranks for alot of longtail keywords.
It’s first order was on Feb 23rd. It went almost 2 months without getting a single order. An ebiz novice may have been frustrated and given up before then, but I know better now.
So from February 23rd to April 17 it has received 27 orders grossing $11,400 and profiting about $4,000.
My out of pocket costs were, $300 store, $9 domain, $50 SSL, $1400 SEO, $300 misc., totalling $2059.
Total profit of $1941.
Going forward, I this store will not have expenses more than $60 a month, so the profit should start to look pretty good.