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Your math is fairly accurate, at least to my site, not sure though for sites with special SEO efforts like link building and PPC to drive traffic. A more interesting fact is that traffic from search engine converts more than direct traffic and referring sites. After reading this post, my plan is to do the numbers. More quality pages = more visitors from search engines = more money. :)
Thank you for posting this and more power.
I'm glad you have visited. You are right, content enriching is an ultimate key to SEO success. If this is done together with proper promotion and link building (submitting to directories, article submission to article directories, commenting, etc), this assures anyone's success in attracting traffic, visitors, clients and profit.
Wow your site, gets a lot of hits than mine. That's great. 90% of my traffic come from search engines. Also, some of my articles, are placed in the top position in Google for specific keywords - they are the ones who give me most of the traffic. If you notice, I already reached alexa rank of 230,000. This is becuase I also create contents that are useful for global audience. This pulls traffic from US, UK and India. If you only get traffic solely in your country and not globally, you may not be able to get a higher alexa rank. I also observe (if I am not mistaken), that the sites that mostly get the first page in the search engines, are those that have higher alexa rank.
I tried many ways to rank higher in Alexa but unfortunately no success. I used their toolbar, I put Alexa widget to my site but I am still in the million rank grrr. Maybe you're right, its hard to get higher in Alexa with audience confined only in our country. But still my rank in our own country is very low. I hope you share something specific on how to get higher in Alexa. I was disapproved by one income generating program because I do not rank well in Alexa, really disappointed.
I have checked your alexa ranking. I found out that more than 50% of your visitors are coming from other (unknown) countries, rather than specific countries like Philippines, USA, etc. That maybe the reason why you have lower ranking. Maybe you need to expand your audience by promoting your site in far places (that have far IP adress) or create contents that will pull traffic from dispersed address.
I also observed that you have less sites linking to your site as reported by alexa. I recommend you should also increase effort in link building. You can do that by commenting on other blogs, submitting articles to directories, adding your links to directories, participating in forums and social sites. One tip......you check a site related to your site that has more links linking to that site in Alexa. Visit those links, and try to make or put a link on them.
I like the concept of RUN [Rich, Unique and Natural (RUN) ], a nice site ...