You may already know about my challenge to earn 10,000 euros per month. Basically, I want to create a system that provides a constant stream of passive income, and I aim for 10,000 euros/month.
I want to do that because I want to have the freedom of enjoying my life and do what I like to do.
Today I want to share with you the first step I’m taking to realize my goal. Keep in mind that this is just one of the ways I plan to make money on the internet, but right now is the one I focus the most, so it makes sense to talk about it.
Entering Cloud Living
Cloud living is an e-book written by my good friend Glen from pluginid. He is an internet marketer and blogger and he’s currently earning a nice five figure income every month doing what he loves.
Cloud living explains how you can create a successful blog and how you can create mini sites that generates money for you. In this article I will talk only about creating mini sites, although the blogging information alone has already helped me tremendously building this site.
Actually, there’s way more information inside, like videos, explanations, etc, but that’s how the business works.
Let’s focus on the mini site thing. His formula is very simple: you create a mini site, people go and visit it via search engines and they buy a product from your affiliate link. You get the money and you leave your day job.
Sounds good, doesn’t?
My experience with Cloud Living
As I already said, I already benefit from the first part of Cloud Living about creating a blog. This blog is already profitable (I share income figures publicly), but best of all I love what I do and my audience is growing fast every day. I’m very satisfied with it.
Regarding the mini site stuff, I have implemented it for 2 months now, and I feel confident to say that this stuff really works. Let me explain what I mean.
Given my experience creating websites (I am a professional web developer), I know it’s definitely possible and relatively easy to create a website that generates 60 dollars per month.
With this information, along with my previous experience, I decided to do some math to discover how Cloud Living could be profitable as a business model. What’s following is a sample scenario of using Cloud Living for the next thee years.
First year of Cloud Living
Suppose I have just bought cloud living, and I start to make websites today. Given my total inexperience doing it, I am able to make only 2 websites per month, or 24 websites in a year.
Of these 24 websites, only 1 in 10 will generate $60 per month. Also each website will cost me $10/year of hosting + domain name.
At the end of the first year, I will have 2 websites that generates $60/month, or $720/year each, resulting in $1440/year. I will also have spent $240 on hosting and domain names, but I’ll still have created some nice assets (one month income where I live).
Second year of Cloud Living
On the second year I will obviously be more experienced, so I would expect to be able to generate $60/month for 1 website every 5. I’ll still do 2 websites per month and each one is still costing $10/year for maintenance.
At the end of the second year, I would have another 24 websites, where 5 of them are generating $60/month each, or $300 for all five. That means in the second year I will have another $3,600/year asset. Nothing exceptional but we are growing.
Third year of Cloud Living
On the third year I will be an expert on the topic, so I would expect to be able to create 1 profitable website every 2, this time each one generating me $100/month. That would mean another $1200/month nice income, or $14,000/year.
Reality is different
In reality, those numbers are highly conservative. It’s more likely that each website would generate at least $100-500/month if you are good at marketing it, so you should expect those numbers to be at least 10 times bigger. I also don’t have considered income of the previous years but they should be added too.
However we are still talking about theory, although I feel confident those numbers are low.
The reason I believe those numbers are still low is because Glen, the author of Cloud Living, has actually built less than 10 mini sites, and he is already able to generate a nice source of income with them.
Anyway, I like to keep things simple, so I’ve given you the more realistic output possible. I’m sure you’ll be able to do more.
Conclusion
If you are at least intrigued that by numbers, keep in mind but Cloud Living tells you how exactly you can build a mini site (it offers a template also), how you can find products and market them, and everything in between. There are also four additional videos as a bonus.
If you are interested, you can get your copy of Cloud Living here.