Quote:
Originally Posted by jpv
I am not here to show off how much money I make in a year. I posted this to show how well recurring revenue does with a good site.
I will say that money is always tight mainly because of me being stupid about things. Even when you make alot of money the expenses build up and you sometimes loose track of how fast money can be spent. My site is very profitable but I went crazy on personal stuff. I bought a big house, nice new cars, in 04 I took like 6 months off, in 05 I lived in europe for 3 months, I go to the bahamas for a couple weeks each year, I fly first class everywhere, always stay in suites, I payed cash to furnish an entire house with the best stuff, I even spent $20,000 on some oriental rugs that now smell like shit because some water spilled on them, I also burned a few hundred grand into a bad business investment. I was just plain stupid. I thought I made so much that I could afford to throw money away to have fun or take risky investments. I regret it. I could of had $5-$10 million in assets by now and move on to some very big business. I am trying to be more conservative because I want to invest more in my site right now plus save up alot for other large businesses I want to get into.
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jpv you're doing well no doubt about it. Retention is a funny thing, it's probably the most misunderstood thing in the business by most webmasters. Numbers are easily skewed by sending more traffic than the historic average used to grab those rebills, analyzing too short periods, too long periods and so on. It's almost impossible to compare the retention of two paysites unless you're sending so much traffic evenly to both sites to make the noise statistically insignificant. The more traffic you get, the closer one's retention gets to the industry average.