If you've heard of Adsense Real Estate (www.AdsenseRealEstate.com) and the wonderful dreams of earning a $7,500 check from Google, here's the sobering financial truth.

At AdsenseRealEstate.com, you will pay $397 for the first month, and $197 a month for the subsequent months. In exchange, you will receive each month two (2) ready-made web sites complete with graphics and seven (7) unique articles.

Now there are some rare instances when a free web site built in Blogspot.com can average $200 a month in Google Adsense earnings. The effort behind such web sites, however, is considerable.

The blogger posted unique content (from the point of view of the search engines), and eventually got a pagerank of PR 4. Other more popular bloggers linked to that site, and the rest is Adsense history.

No, the site did not have only seven articles.

If you will just work with a 7-article web site, you'd be lucky to earn $15 a month. Assuming you are that fortunate, or if you build a 100-article (unique content, remember) site and get around 100 visitors a day, that translates to a monthly earning of $15 per web site.

Let's assume you're lucky enough to have web sites that earn $15/month right from the start.

At that rate, by the 13th month, you would've paid Adsense Real Estate a total of $2761 while your accumulated earnings would be $2,730 (assuming each of your web sites was earning $15 every month).

In month 14, your total payout to ARE would be $2,958 and your total earnings would be $3,150 or a return of about 6.5% (in fourteen months) or about 5.6% per annum.

That's if you're lucky.

By month 14, you'll be taking care of 28 web sites. Plus two more every succeeding month.

If you're willing to maintain 28 web sites and are willing to spend $2,958 in a project that might net you $192 or a return of 5.6% (please notice that we haven't factored in the cost of your time, internet connection, site promotion expense, domain name registration, other expenses), then you might consider going for Adsense Real Estate.

Or better yet, try building a useful site at Blogspot.com and see how much you can earn within a month. Yes, like that blogger who grossed $800 during the first four months.

In the end, if there were a true automatic, easy-to-do, "just pay, sit back and wait for the Adsense checks to roll in" system, why would people part with it for only $98.50 per fully-hosted web site? ;-)


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