Auction day yet again and initially I thought I wasn’t going to do very well this round as up until this morning only 3 of the 7 domains had bids on them and  the 3 bids that were on it were below cost price. This included the page rank 3 domain I puchased but I was still really confident that I would make money on that one.

One slight mistake I made was to end these auctions while I was at work and being in the factory (remember I just an average Joe) meant I had no access to the internet. While it’s not overly important to be there when the  auctions end it would have been fun to watch if anything was happening.

Another little downer was that one of the auctions from the first round still has not been paid for but luckily it was the one that sold for less than the purchase price anyway so it’s not so bad.

The Results?

Well after scrambling home to see what had happened with my auctions l was happy to find that all 7 had indeed sold and as with round 1, only one of them had sold for less that purchase price so I was moderately happy with that.

Did I Make Money?

Well my domain costs for this round was around $50 for the 7 domains and I ended up…………more than TRIPLING my money! So while last round was good, this week was even better. The Page Rank 3 domain I purchased ended up selling for more than 8 times what I paid for it while another domain sold for 5 times what I paid for it and another twice what I paid for it so all in all most of the profits came from these 3 domains.

At the moment I’m in a bit of a quandry with what to do next round. At this moment in time there are a stack of people doing the same thing ( I suspect due to them purchasing the same guide as I did) that I am which means there is an oversupply of domains at the moment up for auction so I’m just wondering whether I should miss the next round and grab some more domains and have a real big domain flipping round 4 or should I just go ahead and try and flip the domains that I have purchased over the last week. At this point in time I have only got 5 domains that I can flip so I might miss a week and just concentrate on getting more domains.

That’s if for now, I’m off to scan the ususal places to see if I can find any potential domains and then I’ll think about whether or not to put some auctions up next week.

On another note I’m trying to decide when method I’m going to try to make money next week with, I’ve got a couple of ideas in my head but I’m not sure which one to pursue . I’m pretty confident which ever idea I choose I will make money but I’ve just got to decide which one to try!

O.k , for those of you who can’t be bothered clicking on the about page I’m going to give you a short run down of what this site is about. Basically as the name suggests www.MakeMoneyOnlineMonthly.com is about taking one idea at the start of the month and dedicating 30 days to the method/idea to see whether or not I can make some money from it.

Now I’m pretty confident that I can make money from some of the ideas that I have lined up so this should be pretty interesting. As you might notice by the date of this post it’s nearly the end of the month and I’ve just got this blog up so the idea for May might be one of two days late while I put the finishing touches on this blog. Don’t worry though I already know what my money making idea is for May .So make sure you bookmark, subcribe to our feed or just check back every now and then as I will be posting regularily with how things are going.

Just a bit about me. I’ve been mucking around online for a couple of years now and I started this as a bit of a hobby. Initially when I started I wanted to make an extra $30 online per month so that would cover my hire purchase on a computer. Needless to say I needed a bigger target so I set my next goal which was to make an extra $250 a month, this would equate to me doing one days overtime at my regular factory job (yes I’m no IT guru, marketing guru or high paid professional, I’m just an average Joe) and would mean that I wouldn’t have to work any extra overtime which meant more time to spend with my family.

Luckily I met that goal and I haven’t done a days overtime in a good few years! At the moment I’m still in my crummy  factory job but I make a nice piece of side income online which in these economic times makes a big difference to the family.

So if you are an average Joe (or Joanne)  looking to make a few extra bucks online, jump on for the ride, it’s going to be fun!

Until next time!