BANS Today

Build A Niche Store - Earnings Update

Written by mbpage on April 22, 2008

One of the most important aspects to building BANS stores is establishing a routine.  You can just stick up a store and leave it there, but, truth be told you’re unlikely to make any decent money.  As of today I have 17 stores either in Phase 1 or Phase 2 Development (see previous posts for definition).  These have been developed in 4 weeks so I’m moving pretty fast although I do this pretty much full time.

Moving so quickly I have had to develop a routine which goes something like this:

• Update BANS today Blog

• Spend 1 hour per day per store on a maximum of 4 stores in Phase 2 Development.  Tasks include optimizing pages, creating new pages, adding graphics, checking logs, identifying keywords, creating content, writing content for supporting blogs, creating ads, building  backlinks etc.

• Spend 1 hour per day browsing the BANS forum and reading BANS related blogs (see my blogroll links) although I use Google Reader for this purpose as you can just subscribe to the RSS Feed.  Side note - if you don’t have an RSS feed for your own blog learn how to set one up immediately.  Google Reader is a brilliant tool.   Learning new stuff is crucial and this has been invaluable to me in acclerating my progress.  Yesterday, for example, I learned that all sites should have a privacy policy and how to easily add one to your store - thanks again to Rochelle.  Writing that has reminded me to post a request in the BANS forum that this be automatically included in the next release.
• On an adhoc basis Jot down ideas for new stores and carry out research on suitability for new stores.  I have identified at least 10 additional stores this way and it takes away the pain of concentrated research which I dislike.

Earnings Update

So have I broken the bank?  Well I’ve already reported some numbers but today I’ll give exact figures by broad niche.  My first store went live a couple of days before the release of BANS 3.0 EPN and the changes caused set me back a couple of days although I purchased BANS 18 March according to my receipt.  I said yesterday that my one month anniversary was approaching but it had actually passed so as an act of compromise  I’m going to give my one month update today.

So here we go (nos are rounded):

Womens Fashion $48.00
Outdoor Sport $14.00
Electrical $5.00
Garden $5.00
Crystal $4.00
Fishing $4.00
Fitness $3.00
Audio $1.50
Gardening $0.50

Giving a total to date of $85.00

I have 6 sites yet to make a sale and a couple of others yet to generate any traffic.  My biggest disappointment is a store in the home appliance area which after nearly a month has had 209 click thrus to ebay but no sales.

So I don’t know what your expectations are for earnings after one month but I am pretty pleased.  I have done very little to drive traffic at this stage all of these sales have come from SERPS.  As I start promotions under Phase 2 I hope to see these numbers start to increase

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