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	<title>Comments on: LandlordMax Sales Revenues</title>
	<atom:link href="http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/</link>
	<description>Follow Steph through his real estate and business journeys</description>
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		<title>By: Steph</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-51131</link>
		<dc:creator>Steph</dc:creator>
		<pubDate>Sat, 28 Jun 2008 16:48:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-51131</guid>
		<description>Hi Dan,

Mainly because I use Google Adsense and you can&#039;t really control it without some effort (not a lot but some), and blocking them just hasn&#039;t been worth my time. You see the Adsense conversion rate on this site is pretty low, the ads don&#039;t appear in &quot;premium&quot; spots. I&#039;ve even been considering dropping Adsense altogether from this blog. 

Anyways, at some point I probably should, but right now I have other tasks I need to complete that have much higher ROI. That&#039;s pretty much the real reason.</description>
		<content:encoded><![CDATA[<p>Hi Dan,</p>
<p>Mainly because I use Google Adsense and you can&#8217;t really control it without some effort (not a lot but some), and blocking them just hasn&#8217;t been worth my time. You see the Adsense conversion rate on this site is pretty low, the ads don&#8217;t appear in &#8220;premium&#8221; spots. I&#8217;ve even been considering dropping Adsense altogether from this blog. </p>
<p>Anyways, at some point I probably should, but right now I have other tasks I need to complete that have much higher ROI. That&#8217;s pretty much the real reason.</p>
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		<title>By: Dan H</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-50994</link>
		<dc:creator>Dan H</dc:creator>
		<pubDate>Fri, 27 Jun 2008 14:51:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-50994</guid>
		<description>Hey...why do you allow ads that advertise your competitors?</description>
		<content:encoded><![CDATA[<p>Hey&#8230;why do you allow ads that advertise your competitors?</p>
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	<item>
		<title>By: FollowSteph.com - LandlordMax Sales Revenues</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-43209</link>
		<dc:creator>FollowSteph.com - LandlordMax Sales Revenues</dc:creator>
		<pubDate>Thu, 03 Apr 2008 21:16:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-43209</guid>
		<description>[...] been almost a year now since I last posted our sales revenues at LandlordMax (May 2007). Therefore I figured today was as good a time as any to update our progress and growth. You can [...]</description>
		<content:encoded><![CDATA[<p>[...] been almost a year now since I last posted our sales revenues at LandlordMax (May 2007). Therefore I figured today was as good a time as any to update our progress and growth. You can [...]</p>
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	<item>
		<title>By: FollowSteph.com &#187; What am I up to?</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-16079</link>
		<dc:creator>FollowSteph.com &#187; What am I up to?</dc:creator>
		<pubDate>Tue, 26 Jun 2007 04:20:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-16079</guid>
		<description>[...] The list of new major features for this version has changed quite substantially since we initially started working on it. For example, we anticipated offering QuickBooks support but that&#8217;s been postponed to another future version. The costs to benefit just doesn&#8217;t align right now. Integrating with QuickBooks is just too expensive and time consuming as compared to the number of requests. We even looked at purchasing third party components to alleviate this but we&#8217;ve only had limited success. We&#8217;ve already spent a significant amount of time and money on this feature and its unfortunate to have to postpone it again. I&#8217;m just glad we&#8217;re able to avoid the &#8220;sunk cost effect&#8220;. [...]</description>
		<content:encoded><![CDATA[<p>[...] The list of new major features for this version has changed quite substantially since we initially started working on it. For example, we anticipated offering QuickBooks support but that&#8217;s been postponed to another future version. The costs to benefit just doesn&#8217;t align right now. Integrating with QuickBooks is just too expensive and time consuming as compared to the number of requests. We even looked at purchasing third party components to alleviate this but we&#8217;ve only had limited success. We&#8217;ve already spent a significant amount of time and money on this feature and its unfortunate to have to postpone it again. I&#8217;m just glad we&#8217;re able to avoid the &#8220;sunk cost effect&#8220;. [...]</p>
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	<item>
		<title>By: Steph</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-12891</link>
		<dc:creator>Steph</dc:creator>
		<pubDate>Wed, 23 May 2007 01:04:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-12891</guid>
		<description>Hi Nick,

I plan to write a follow-up sometime in the next little while going over some of the events and how they affected our revenues (overlaying this graph with some of the interesting events). Some are surprising others quite expected. 

We&#039;ve tried a lot of things over the years and its always amazing to me what works and what doesn&#039;t.</description>
		<content:encoded><![CDATA[<p>Hi Nick,</p>
<p>I plan to write a follow-up sometime in the next little while going over some of the events and how they affected our revenues (overlaying this graph with some of the interesting events). Some are surprising others quite expected. </p>
<p>We&#8217;ve tried a lot of things over the years and its always amazing to me what works and what doesn&#8217;t.</p>
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	<item>
		<title>By: Nick</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-12742</link>
		<dc:creator>Nick</dc:creator>
		<pubDate>Mon, 21 May 2007 07:03:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-12742</guid>
		<description>I love numbers, and numbers like these look easy to love (especially for you). The interesting thing to me is the fairly stagnant growth rate for the first two years, then beginning in 2006 your sales took off.

I&#039;d love to read the story behind that.</description>
		<content:encoded><![CDATA[<p>I love numbers, and numbers like these look easy to love (especially for you). The interesting thing to me is the fairly stagnant growth rate for the first two years, then beginning in 2006 your sales took off.</p>
<p>I&#8217;d love to read the story behind that.</p>
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	<item>
		<title>By: Steph</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-12731</link>
		<dc:creator>Steph</dc:creator>
		<pubDate>Mon, 21 May 2007 05:29:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-12731</guid>
		<description>Hi Dan,

It could be a lot of factors... One my future plans is to overlap this graph with a lot of the marketing we did, not to mention other things that happened within the company. 

For example, some of the negatives we experienced during this period which might be responsible for the lower revenues was our hosting provider. 

For example we were using Eapps.com which was a disastrous choice for us. They had all kinds of stability issues, sometimes we would be down for hours at a time, even a full day! And we weren&#039;t paying a few dollars a month, we were in the hundreds of dollars a month in hosting. If remember right, we were paying just under $200 a month for a managed solution. Today we pay substantially more than that, but it&#039;s still enough that you wouldn&#039;t expect the kind of service we were getting for the price we were paying. Yes they did send us an explanation email saying how one customer had created an insane amount of traffic in no time which brought down their network, but it still didn&#039;t explain why my particular box was going up and down all the time for reasons unrelated to the box.

We had tried to go for a higher end service but ended up paying a lot more for a less. By late 2005, only months after started there, we became so frustrated with them that we moved to another provider called &lt;a href=&quot;http://www.servint.com&quot; rel=&quot;nofollow&quot;&gt;ServInt.com&lt;/a&gt;. This has been one of the best decisions we made in terms of hosting. They&#039;ve great for us since! Approaching on two years now. 

Another reason may be our Google Adwords campaign. For a period of several months (around that time) I tried to drastically reduce our spending on Adwords to see if there would be a noticeable difference (as well it was frustrating me to pay for Ads when our server was unstable). Therefore this could also be very related... By the way, we also spend about ten times more per month on Google Adwords than we did just two years ago.

That was not our best summer and I do remember the stress (especially with hosting). The good news is that even with this we were able to squeak a profit. It wasn&#039;t much of a profit, but a profit nonetheless. Although we had lower revenues, we also had lower expenses; I drastically reduced our whole advertising budget until we had the hosting issues resolved because I viewed it as wasted money.

Other things that might have escaped your attention (at least without an insider tip) is that about 30 days after the start of each new year we generally get a small spike in sales. This is because each year around the beginning of the year &lt;a href=&quot;http://www.multi-housingnews.com/multihousing/index.jsp&quot; rel=&quot;nofollow&quot;&gt;Multi-Housing News&lt;/a&gt; does a review of LandlordMax in their monthly real estate magazine. This generates extra publicity for us and as soon as the 30-day free trials start to expire we see an increase in sales.

There are many other factors that can change our monthly sales: a successful press release, a prominent article on this blog, an Adwords campaign change, etc. 

What&#039;s really hard for us is to determine what actually caused the spikes and troughs because of the 30+ day delay from when a person first tries LandlordMax to when they actually purchase it (the majority of our customers purchase it when the trial is over or just about to expire).</description>
		<content:encoded><![CDATA[<p>Hi Dan,</p>
<p>It could be a lot of factors&#8230; One my future plans is to overlap this graph with a lot of the marketing we did, not to mention other things that happened within the company. </p>
<p>For example, some of the negatives we experienced during this period which might be responsible for the lower revenues was our hosting provider. </p>
<p>For example we were using Eapps.com which was a disastrous choice for us. They had all kinds of stability issues, sometimes we would be down for hours at a time, even a full day! And we weren&#8217;t paying a few dollars a month, we were in the hundreds of dollars a month in hosting. If remember right, we were paying just under $200 a month for a managed solution. Today we pay substantially more than that, but it&#8217;s still enough that you wouldn&#8217;t expect the kind of service we were getting for the price we were paying. Yes they did send us an explanation email saying how one customer had created an insane amount of traffic in no time which brought down their network, but it still didn&#8217;t explain why my particular box was going up and down all the time for reasons unrelated to the box.</p>
<p>We had tried to go for a higher end service but ended up paying a lot more for a less. By late 2005, only months after started there, we became so frustrated with them that we moved to another provider called <a href="http://www.servint.com" rel="nofollow">ServInt.com</a>. This has been one of the best decisions we made in terms of hosting. They&#8217;ve great for us since! Approaching on two years now. </p>
<p>Another reason may be our Google Adwords campaign. For a period of several months (around that time) I tried to drastically reduce our spending on Adwords to see if there would be a noticeable difference (as well it was frustrating me to pay for Ads when our server was unstable). Therefore this could also be very related&#8230; By the way, we also spend about ten times more per month on Google Adwords than we did just two years ago.</p>
<p>That was not our best summer and I do remember the stress (especially with hosting). The good news is that even with this we were able to squeak a profit. It wasn&#8217;t much of a profit, but a profit nonetheless. Although we had lower revenues, we also had lower expenses; I drastically reduced our whole advertising budget until we had the hosting issues resolved because I viewed it as wasted money.</p>
<p>Other things that might have escaped your attention (at least without an insider tip) is that about 30 days after the start of each new year we generally get a small spike in sales. This is because each year around the beginning of the year <a href="http://www.multi-housingnews.com/multihousing/index.jsp" rel="nofollow">Multi-Housing News</a> does a review of LandlordMax in their monthly real estate magazine. This generates extra publicity for us and as soon as the 30-day free trials start to expire we see an increase in sales.</p>
<p>There are many other factors that can change our monthly sales: a successful press release, a prominent article on this blog, an Adwords campaign change, etc. </p>
<p>What&#8217;s really hard for us is to determine what actually caused the spikes and troughs because of the 30+ day delay from when a person first tries LandlordMax to when they actually purchase it (the majority of our customers purchase it when the trial is over or just about to expire).</p>
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		<title>By: Dan</title>
		<link>http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/comment-page-1/#comment-12728</link>
		<dc:creator>Dan</dc:creator>
		<pubDate>Mon, 21 May 2007 04:05:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.followsteph.com/2007/05/20/landlordmax-sales-revenues/#comment-12728</guid>
		<description>Congratulations Steph.  It looks like a really exciting graph.  What do you think caused the drop in sales from May-Aug 05?</description>
		<content:encoded><![CDATA[<p>Congratulations Steph.  It looks like a really exciting graph.  What do you think caused the drop in sales from May-Aug 05?</p>
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