The drops method was calibrated for lab grade ammonia - usually about 38% or so. Store bought ammonia is usually 4-10%, so the drops method is not as accurate. Since it is not easily to know exactly the concentration (you could call the manufacturer) most people add until they get a reading from 2 to 5 ppm of ammonia. Then, they write down how much total it took to get to that reading. Add that much until you get your nitrite spike, then add half each day. At the end, it is not strickly a 50% water change, but do as large a one as possible, to reduce the nitrates that have built up.
Some tips from my own fishless cycling experiences:
1) turn the heater up.. way up, to like 85 or 88 ish. Higher T help the bacteria grow a lot faster, and lets face it, we're all impatient to add fish as soon as possible, right? Just remember to turn is down well before you add fish.
and 2) I usually start with a low amount of ammonia (like aiming for the 2 ppm) then when the daily dose of ammonia can be processed in one day (no ammonia or nitrite after one day) Then I increase the dose. The reason is, a large established population can grow to accomodate much faster than if you dose high immediately -- less chance of overdosing (and thereby inhibiting the bacteria growth).
and 3) Once the ammonia can be processed totally in one day, start spreading out the dose over the day... 1/3 in the morning, 1/3 when you get home from school/work, 1/3 before bed. This more closely simulates the constant supply the bacteria will be getting in the tank. And, of course, constant food = constant growth by the bacteria.