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How to Grow Quickly and Never Turn a Profit from mtlynch.io RSS feed.
How to Grow Quickly and Never Turn a Profit
Early last year, I launched a nutrition site called Is It Keto. From November 2018 until March 2019, the site was my full-time focus. Every month, visitors increased by 50% to 150%, an exhilarating growth rate that far outpaced any of my previous projects.
There was only one pesky detail standing between me and tremendous profits: money. For every dollar I spent on the site, I earned back ten cents. For my non-business-savvy readers, a -90% return on investment is considered less-than-stellar. At the end of March, the site’s financial future seemed bleak, so I shelved the project.