You can have 50 website profiles set-up in Google Analytics.
You used to be only able to have 5 web site profiles in Google Analytics, but about a year ago they updated it to 10, and then up to 50 website profiles.
I just went through setting up a half dozen micro-sites on Blogger for a few different things that I am working on. It’s sort of an experiment with Affiliate programs to see what kind of mileage I can get out of them.
Obviously with setting up any new web-page you want to make sure that you have web-site analytics running so that you can see what kind of traffic your sites are generating, and what is working and what isn’t working.
My web-site analytics program of choice is Google Analytics. It’s free and it provides you with a ton of data about where your traffic comes from and what happens with people after they get to your site.
Source: Google Analytics Blog - Raising your Profile
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