Well, this is not exactly the profit and loss that I promised you … but, it’s a start:
[since you can't easily read the graphic, I have reproduced the data in a table, below; keep reading and we'll get to ti, soon enough]
It’s the BeBiz ‘dashboard’ which shows me critical site statistics AND it links to PayPal to pick up the revenue (i.e. what I’ve sold).
So after a couple of days, I’ve already made one whole $2.99 sale … whoohoo!
But, this is still pre-advertising: right now I’m not doing ANYTHING to drive paying customers to this site – that comes next!
Remember, I’m giving away the $2.99 e-book free to all of my readers so there should be NO revenue at all from the three blogs that I have mentioned this on: 7million7years.com; 7m7y.com; and, this blog.
I’m not even sure where the one sale came from – I’d be surprised if the search engines have picked the RepeatUntilRich.com site up yet, so I won’t be expecting many (any?) more sales until:
1. I get the site towards the top of the search pages for my keywords and/or
2. I buy some PPC (pay per click) advertising … of course, for a product worth only $2.99 PPC is unlikely to be cost-effective
3. I use my ’secret sauce’ …. STAY TUNED!!!!
| Visitors | 40 |
| Revenue to date | $2.99 |
| Average value per visitor | $0.07 |
| Contact Conversions | 12.50% |
| Lead Conversions | 5.00% |
| Customer Conversions | 2.50% |
Here is what BeBiz has to say about the above tables:
[These are the] current statistics for your business. As you set up your business and start making sales, BeBiz will track these numbers automatically, helping you view key statistics at a glance.
Contacts are your leads and customers. A visitor, quite simply, visits your site. A lead is a visitor who submits their name and email address through your opt-in form (which you’ll set up in the Website tab.) And of course, a customer is someone who purchases your products.
Revenue to date is the total amount customers have paid to purchase your products so far. This number, divided by the number of visitors to your site, gives your average value per visitor.
Once you’ve discovered your average visitor value, you’ll know how much it’s worth spending to attract new visitors to your site! For example, if your site has had 1000 visitors and you’ve sold $100 worth of products, your average visitor value is $0.10. If you’re able to drive new visitors to your site for less than that, you’ll be setting yourself up for profits!
Lead conversions is the percentage of visitors who opt in to your contact form. Customer conversions is the percentage of visitors who make a purchase from you. Keep an eye on these numbers and do everything you can to improve them by experimenting with changes to your site — they’re the heart of your business!
Well, we’re not exactly set to retire (for the second time) but, let’s pretend that I actually need the money – and, with the markets going the way they are, who knows?!
At least we have a real-live, functional eBusiness web-site … it’s actually a real mlestone …. yippee!

2 responses so far ↓
steve // October 16, 2008 at 10:03 pm |
I have been reading a lot about sales,marketign , and site design. acording to the things I have read, you want a nice clean site, no real banners needed(as it says tests have proven that banners distract the reader and most ,approx 80% just want to read the text not read banners) so banners are almost entirely ignored. Your site is just that, nice, clean, simple and easy to navagate. nice job
AJC // October 17, 2008 at 3:56 am |
@ Steve – Thanks; I knew that’s where BeBiz would shine; but, the aim is to get subscribers and make sales … so we shall see!