Hitsuji: Quit With No Website, Savings Down to ¥20,000, Then ¥1.7M a Month in Year One
In April 2016 he quit his job without even owning a website. By June, accrued commissions were still zero and his savings fell from 700,000 yen to an eventual low of 20,000 yen. Working 14-16 hours a day, he wrote 120 articles, hit 200,000 yen a month in September, 1 million yen in January 2017, and over 1.7 million yen in March — Hitsuji's self-published record of year one.
“I did something reckless: I went full-time without even having a website.” That is how the Japanese affiliate marketer Hitsuji describes his first year. When he quit his job in April 2016, he had no revenue. He did not even have a site to run. His SEO knowledge was close to zero. All he had, in his own words, was “a strange, unfounded confidence.”
At the end of that year, in March 2017, his monthly accrued commissions exceeded 1.7 million yen. But the value of this record lies less in the final number than in the rawness of the process. By June, accrued revenue was still zero. His savings went from 700,000 yen to 100,000 yen, and eventually bottomed out at 20,000 yen. Hitsuji published the month-by-month figures and his mental state on his own blog.
The twelve months
| Period | Accrued commissions / events |
|---|---|
| April 2016 | Goes full-time with no website. The “unfounded confidence” phase |
| June 2016 | Zero accrued. Savings ~700,000 yen, dropping 150,000 yen a month. Anxiety sets in |
| June-August | 14-hour workdays. Launches a mineo (budget SIM) site, writes 120 articles, revises 80, starts Twitter |
| September 2016 | Reaches 200,000 yen accrued. Savings down to 100,000 yen |
| October 2016 | Peak motivation. Some 16-hour days. Builds the support site “Hitsuji Affiliate” in one month |
| November-December | Burnout. November at “about 30% capacity.” Savings bottom at 20,000 yen |
| January 2017 | Reaches 1 million yen accrued |
| February 2017 | Motivation dips after hitting the big goal |
| March 2017 | New record: over 1.7 million yen accrued. Buys a MacBook Pro |
Note that these figures are “accrued” (hassei) numbers as shown in ASP dashboards, distinct from “confirmed” commissions that survive approval and actually get paid. Hitsuji himself separates the two in his article. Every figure above is accrued. The distinction has direct consequences for daily life: even with 1 million yen accrued in January, the cash arrives months later after approval and payout. In his record, it is only at the end of the fiscal year that money starts coming in and he can buy a MacBook Pro. The 20,000-yen bottom in savings comes after the accrued numbers had already jumped, few records show the slowness of affiliate cash flow this clearly.
What was built during the five income-less months
The heart of this case is what he did while the zeros continued. From June to August, Hitsuji researched the budget-SIM market (mineo) from scratch, wrote 120 articles, and revised 80 existing ones. He writes that even at 14 hours a day his “concentration did not break,” while also recording that he was “starting to be mentally cornered.” Savings dropping 150,000 yen a month were, quite literally, a countdown clock.
Structurally, this is a race between SEO’s slow ramp and the burn rate of savings. Search traffic lags article publication by months, so a site started in April cannot show results before autumn at the earliest. The 200,000 yen accrued in September reads as the delayed return on the summer’s concentrated output. Conversely, had he been watching only his bank balance without understanding that delay, calling it a “failure” and quitting in August would have been an entirely plausible decision. The 20,000-yen floor is also the outer limit of how long he could postpone that verdict.
The technical learning, notably, continued after revenue arrived. His November-December notes say he was “learning about the effect of backlinks”, meaning he systematized his understanding of SEO’s main variables only after posting 200,000 yen months. Launch on volume first (120 articles), learn the structure (links, ranking dynamics) later, the reverse of the textbook order, but a rational order for a full-timer who needed numbers before the savings ran out.
The other move worth a closer look is October. Right as the mineo site began to work, Hitsuji declared on Twitter “I’m building an affiliate support site!” and built the know-how site “Hitsuji Affiliate” in a month. On top of a working site’s track record, he immediately converted his own method into content. A second asset. That pivot speed is what later led to his position writing for an ASP’s official media (ValueCommerce’s step-up guide). The year-one retrospective itself lives on that support site: publishing the measured record is itself the second business’s product.
What didn’t work, what wore down
This is not a smooth up-and-to-the-right record. Through November and December Hitsuji burned out, writing “for about a month I couldn’t put myself into the work” and “in November I could only manage about 30% capacity.” The 14-16-hour intensity invited a backlash right after results appeared. In February, he records another stall: “once you hit the big milestone of 1 million yen a month, motivation drops a little afterward.” Looking only at the numbers, January’s million looks like the turning point. In his own record, there are two motivational troughs around it.
Structurally, the revenue resting on a single genre, effectively a single program (mineo), was the weak point of the period. A change in program terms or a ranking swing translates directly into total income volatility. And since the figures are accrued, rejection risk never goes away. The 1.7 million yen landing is what the concentrated bet looks like when it does not backfire. This record demands the reading that just as many cases exist where the same concentration swung the other way.
The record of his mental state is treated as data on par with revenue: anxiety (June), grind (summer), recovery (September), peak (October), burnout (November), recovery (December), achievement (January), stall (February). Both troughs of the year came immediately after the numbers improved. A launch model built on long hours has to schedule the recoil into the plan.
Only those who got past ¥20,000 in savings make it into the record
This year cannot be separated from the 2016-2017 search environment. Against the backdrop of an era when individual sites could still compete on brand-adjacent keywords like budget SIMs, the 120 articles of June through August came back as ¥200,000 in September. The preconditions, ¥700,000 in savings, single, 14-hour days, are also extreme as living conditions. As the author himself calls it “reckless,” this is a case that made it into the record because it got past the bottom, and most bets placed the same way end without ever becoming a record.
Even so, the editors see real value in a record that set monthly figures side by side with his state of mind. The lag between accrued and confirmed payouts, five months at zero, and two troughs that arrived right after the numbers jumped are exactly what any success-story summary leaves out. For comparison, see Hitode’s long-run blog records from another full-time blogger, Tsuzuki’s blog case of a gradual transition from side work, and the “Blog no Kamisama” record of taking 6 years and 2 months to reach 50,000 yen a month. Within the same affiliate business, the size of the bet and the time horizon can differ this much.
If this one impressed you
Similar cases

eBiz Facts: $4,199/Month Reviewing Get-Rich-Quick Courses — Why It Pushes Readers Away From the Products It Reviews
Affiliate site
Voicy: $12,467 MRR a year after its founder wrote "SEO not enough," a $8.49/month dictation app run solo
SaaS
Laugh-Raku: ¥1.91M a Month from 256K Pageviews — the ¥7.5-per-View Math Behind a 12-Year Solo Blogger
Blog/Media
Keshilog: ¥1.5M a Month in the Telework Boom, Then a Deliberate ¥9.9M Landing — Three Years of a PC-Desk-Gear Blog
Blog/MediaMost read
- 1
¥4.61 Million a Year, Five Years After Starting to Learn Programming. The Full Three-Year P&L and Playbook of an Indie Education App
36 recent visits - 2
Payout: A Class-Action App Vibe-Coded in 14 Days Reached $1,003,227 ARR in 9 Months. It Cost About $10 to Build, and a Partner With 10 Million Followers Grew It
32 recent visits - 3
From 30 yen in revenue to 8 years later: how running 3 apps in parallel got an indie developer to 200,000 yen a month
27 recent visits - 4
Easy Folders: One Chrome Extension, $3,700 MRR and $42,000 Lifetime Revenue in 6 Months — a “Fill the Gap” Structure
23 recent visits - 5
Starter Story: The $91.7K/Month Startup Case-Study Media Acquired by HubSpot — Months After the Founder Tweeted "HubSpot Should Acquire Starter Story"
23 recent visits
Latest articles
- 2026-11-03
OpenChat Graph: 20 Months of AdSense Revenue Published in Full. A ¥20K Plateau, and the Month Pageviews Jumped 2.4x While Revenue Stood Still
- 2026-11-03
Soramame no Ie: ¥300-500K Monthly Revenue, Two Straight Years in the Red, and a Couple Who Went Full-Time Anyway at Their Kagawa Cat Café
- 2026-11-03
Kibunya: A Rescue-Cat Café With ¥500K Monthly Revenue and Nearly Zero Take-Home. How a Shop Drawing 500 Visitors a Month Closed in Year 9
- 2026-11-02
Terakoya College: A Rural Noto Tutoring School Fell From Nearly 30 Students to 5 After the Earthquake, Yet Kept ¥1.38M in Year-4 Profit
- 2026-11-02
Storemapper: raising $5 to $20 did not cost signups
Sources
- Founder 本人ブログ「ひつじアフィリエイト」の専業1年目振り返り記事(2017年3月、月別の発生推移・貯金額・作業時間の記録)
- Reported ASPバリューコマース公式ステップアップガイドのひつじ氏執筆記事一覧(後年のASP公式媒体での執筆実績)