How online spending hurt your pocket

I often show you how I spend money offline like shopping and my outings. I thougt I should share with you my spendings online. To me spending online is more dangerous than offline spending. The reason being, you don’t really see the money being spend. Its like you wake up in the morning and say to yourself, “did I really buy that $$$ last night!?, omg what was I thinking”. That’s one of the reason why you should get a debit card, not a credit card. Only spend the money you can afford to pay. Well most of my spending goes back into expanding my business online. I don’t go “shopping” online. Never done that before cause I know it’ll be addictive.

So I will just recollect what I have spent since the creation of this blog which was about a month and a half.

The first thing I bought was this wonderful blog template. It’s designed by Woothemes and the template is called THiCK. I bought it for $70 and got another template of my choice for free. You can enjoy this special offer too, buy any theme now and get another one for free. This offer won’t last long.

Now that I have a template, I need a logo. I held a contest not long ago at 99designs for my logo. I spent around $204 including the listing fee and admin fees.

As for advertising my CPA offers, I spent a total of $300. I tested Yahoo Search Marketing to see how it goes and it went pretty well. At least I didn’t lose any money trying it.

Just recently, I listed one of my website for sale and am glad to say it is sold. The winning bidder bought it for $xxxx. I won’t tell you exatcly how much yet, you’ll have to read my upcoming post to know about it. The listing fee is only $29 but the success fee is a whopping $280! Success fee means that if an auction is successful and someone buys it, we have to pay the success fee which can be split between the seller and buyer. Which I did, I paid half of the success fee, $140.  Its not a fixed $280 for all website, its based on percentage. So if your site is sold at a higher price, the higher your success fee, which is totally ridiculous for a website that just do the listing and auction. I think the’re sucking too much money for that limited service. They don’t even have an escrow service for buyer and seller. I will be telling more about the auction site in the upcoming  post.

With that, I had to carry out the transaction at Escrow. This is another $160 to waste for the service. Escrow is there so that buyer and seller do the transaction and transfer of website with ease, knowing they won’t get cheated by any party. Simply put, escrow is the third party.

Grand total, I spent US$903 in online spending. See how it just total up just by doing littile things online? Its scary isn’t it.