The month is not over yet and I’m quite happy to see that my online business revenue is the highest ever!

Last month I’ve had also the best month so far, but considering the whopping 38% increase I see in November, I have to be happier than ever before with my online ventures.

I won’t be disclaiming any ammounts until the end of the year, but expect me to put down some numbers as soon as I have my 2008 online business budget ready!

Do you have your own online business budget? Do you create one?

Well, you should, at least if you’re taking this business seriously. It’s like running a company, you must keep track of your income and your expenses.

During December I’ll try to make my online business budget public, for now I just leave you with this idea.

Get a piece of paper, excel, Google Docs, whatever and starting categorizing your expenses and income.

From the top of my head I remember the major numbers:

Expenses:

• Hosting (remember to check if your hosting is enough or if somehow you need a larger number of servers, or hosting accounts)
• Advertising
• Link Buiding
• Design (include both new pages, websites and banners)
• Writers (if you outsource your article and post writing, remember to check if you’ll need more or less writers)

Income:

• Direct Product Sales
• Affiliate Product Sales (include programs like Clickbank, Chitika, Comission Junction and others)
• Advertising (include programs like Google Adsense, Valueclick Media, AdBrite, ZangoCash and many others)
• Direct ad Sales
• Link Sales
• Subscriptions
• Other Services you provide (writing services, design)

This is really nothing very new that I’m telling you, but trust me, most people don’t do it. In fact 99% of webmasters don’t, the other 1% are probably the ones that take this seriously and really profit from this business.

To be 100% honest with you I’ve never done it before either, but I intend to do it for 2008 (in fact I have already started).

I ain’t gonna split all my sites (over 80 atm) 1 by 1 and start budgeting $100 sites, I’ll do it globally and maybe create a budget for the major categories. (vehicles, travel, celebrities, gaming)

Keep in touch! I’ll have more updates really soon.

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