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March 2012 Earnings Report

I was fortunate enough to benefit from an impressive increase in earnings during March that resulted in me having my best month ever since getting on the passive income merry-go-round about 6 months ago.  Here is the breakdown for the month:

AdSense:  $65.91 ( +4.6% compared to last month’s $63.00)
HubPages:  $61.42 ( +653.6% over last month’s $8.15)
Squidoo:  $2.35 (earnings last month were $0.00)
Affiliate sales:  $3.06 (earnings last month were $0.0)
Book sales:  $0.0 (earnings last month were $1.79)
Total:   $132.74 ( +82% compared to last month’s $72.94) 

 Year-to-Date Income:  $264.61

For the first time, the majority of my earnings did not come from AdSense.  Running the numbers, approximatel 49.65% of the income came from AdSense, while 50.35% came from elswhere.  It’s a small distinction, but I’m actually over the moon about it, because it indiciates that I’m not a one-trick pony that is totally dependent on AdSense for revenue.  (Don’t get me wrong, I want as much AdSense revenue as possible, but I also want to be diversified in case I have a weak month with respect to AdSense.)  Revenue from WebAnswers decreased for the first time (down to $58.95).  Another first:  WebAnswers was not the top-earning site for me – HubPages was.  Again, these are things I’m happy about because it shows that the diversification of my eforts is paying off.   

I was happy to once again have some affiliate sales.  (I’ve got to make that a bigger part of my revenue picture.)  I was also giddy about finally having earnings from Squidoo.  Let’s hope I can increase those earnings at the same pace as I did for HubPages. 

Speaking of HubPages, I can’t help but be excited about the gains there.  I clearly had a very good month, but there’s no way I can maintain that kind of growth on a regular basis.   Still, it does give an indication of the potential available on HubPages.

Sadly, no book sales in March.  As always, I am still looking to remedy that situation as soon as time becomes available to do so.   

Overall, I think March was a very good month.  I haven’t yet reached my first stepping-stone of $5 per day, but I’m getting close.  of course now, the goal for April is to earn $5/day or $150 total by month’s end.  As usual, here are the sites and resources I’m using as the foundation for building my own passive income streams: 

 

 

***Please note that many of the links above are affiliate links, which means that I will earn a commission if you purchase products or services via the links I have provided.  More information about these products and services is available on my Resources page.

In retrospect,  Q&A site WebAnswers is still the best earner for me on an overall basis, and I highly recommend it for anyone looking to start earning online.  Also, don’t forget about the article-writing, revenue-sharing sites – HubPages, Squidoo, etc.  

Also, to the extent that you are engaged in the pursuit of passive income yourself, don’t forget to promote your efforts – especially  via backlinking with social media sites, like Socialadr, a bookmarking service that gets you lots of free backlinks.  (In fact, you can find more on backlinking in my article on How to Get Hundreds of Free Backlinks.)  Of course, not everything you utilize needs to be free; some items are well worth the price  – e.g., Market Samurai.

February 2012 Earnings Report

First of all, I am publishing these earnings extraordinarily late.  Part of the reason is that I had to go out of town for business, but I also wrestled with how to report some of the income.  For instance, I apparently had some book sales in months past for which the royalties are only just being added to my account, so I had to determine whether to report them in the current month or go back and amend prior reports.  Since I don’t want to be constantly amending past reports, I decided to report them when they are received in my account.

Moving on to the the meat-and-potatoes of this report, earnings in February 2012 increased from the prior month, per the following  breakdown:

AdSense:  $63.00 ( +7% compared to last month’s $58.93)
HubPages:  $8.15 ( +206% over last month’s $2.66)
Affiliate sales:  $0.0 (earnings last month were also $0.0)
Book sales:  $1.79 (earnings last month were $0.0)
Total:   $72.94 ( +24% compared to last month’s $58.93) 

 Year-to-Date Income:  $131.87

As in the past, the majority of the AdSense revenue ($61.11) came from WebAnswers, making it my top-performing revenue source for the fourth month in a row.  The remainder of the AdSense revenue came from article-writing sites. 

For the second consecutive month there were no affiliate sales.  I’m disappointed, but not discouraged.  For me, this just highlights the need to have diverse streams of income, because you never know when one will dry up.  (Needless to say, I will continue looking for ways to improve affiliate sales.)

I am quite pleased with the HubPages revenue.  As I mentioned in January’s report, I signed up for the 30-Hubs-in-30-Days Challenge (which I was able to complete) and it paid big dividends in the form of increased traffic and revenue for my hubs. 

Finally, I had a few more book sales.  As I’ve mentioned before, the income isn’t really anything to brag about at this point, but it’s one of those things I’m actually proud of.   Obviously (as I say every month), I need to put some more effort into promoting these.   

All in all, I’m rather happy with what I’ve been able to achieve in five short months of pursuing passive income.  I’m still trying to hit my goal of earning $5/day, and I honestly believe I can get there soon.    

Anyway, my goal now for March 2012 is to earn $5/day or a total of $155 by the end of the month.  As always, here are the sites and resources I’m using as the foundation for building my own passive income streams: 

 

 

***Please note that many of the links above are affiliate links, which means that I will earn a commission if you purchase products or services via the links I have provided.  More information about these products and services is available on my Resources page.

Looking back,  Q&A site WebAnswers is still earning the most money for me, and I recommend it first and foremost for anyone looking to start earning online.  Also, don’t forget about the article-writing, revenue-sharing sites  – HubPages, Squidoo, etc.  

Also, to the extent that you are engaged in the pursuit of passive income yourself, don’t forget to promote your efforts – especially  via backlinking with social media sites, like Socialadr, a bookmarking service that gets you lots of free backlinks.  (In fact, you can find more on backlinking in my article on How to Get Hundreds of Free Backlinks.)  Of course, not everything you utilize needs to be free; some items are well worth the price  – e.g., Market Samurai.

January 2012 Earnings Report

Update:  Somehow,  I completely forgot to include the $2.66 that I earned from HubPages in January.  Thus, the monthly (and year-to-date) income should be $58.93.

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January 2012 earnings took a dip from last month, but a post-holiday drop-off was anticipated.  Naturally, I’m not wild about the decrease in earnings, but with only about three months of income under my belt I don’t have any historical data for comparative purposes.  (In other words, aside from strictly looking at the numbers, I can’t determine whether the decrease shoud be viewed as “good” or “bad” – or anything other than “expected.”)  That being the case, I choose to be optimistic in my outlook.  Here’s the breakdown:

AdSense:  $56.27 (-13% compared to last month’s $64.79)
Affiliate sales:  $0.0 (earnings last month were $60.81)
Book sales:  $0.0 (earnings last month were $2.66)
Total:   $56.27 ( -56% compared to last month’s $128.26) 

 Year-to-Date Income:  $56.27

Again, the bulk of the AdSense revenue ($55.02) came from WebAnswers, making it my top-performing revenue source for the third consecutive month.  The remainder of the revenue came from article-writing sites. 

Affiliate sales diminished, but I’m not terribly upset because it was expected.  The trick now is to build back up.   

Last but not least, I did not record any royalties from book sales, but as before I haven’t put much effort into promotion.   I will try to put some additional effort into this and see if sales can be ramped up a little (I know, I know:  I say that every month, but this time I mean it!)   

In retrospect, I’m still happy with where I am at the moment.  Although I haven’t yet hit my goal of earning $5/day, I’ve been fortunate enough to make money every month since I started; now I’ve just got to find ways to start expanding my little fiefdom here, and see if I can make it into an empire.  I’m having a little luck in that I’ve stepped up my efforts in some areas where I’ve been neglectful in the past  (see my 30-Hubs-in-30-Days Challenge).  Hopefully this will add meaningfully to the bottom line.    

Anyway, my goal now for February 2012 is to earn $5/day or a total of $145 by the end of the month.  For those of you keeping track, here are the sites and resources I’m using as the foundation for building my own passive income streams: 

 

 

***Please note that many of the links above are affiliate links, which means that I will earn a commission if you purchase products or services via the links I have provided.  More information about these products and services is available on my Resources page.

As before, the Q&A site WebAnswers is still the earnings champ as far as I’m concerned, and I recommend them as the first stop for anyone looking for a venue to begin earning online.  I’m also a firm believer in article-writing, so any of the revenue-sharing sites  – InfoBarrel, Bukisa, Seekyt, etc. – are also great. 

Last but not least, I’ve removed Shetoldme.com from my list of resources.  I don’t have any issues with the site, but they are now a paid service and I’m simply trying to minimize the number of resources I use that have an out-of-pocket cost.  (Some, of course, are well worth the price  – e.g., Market Samurai.)  On the other hand, I’ve added Socialadr, a bookmarking service that gets you lots of free backlinks.

December 2011 Earnings Report

My earnings for December reflected another nice increase.  While I’m certainly not breaking the bank, I think this is a great return for a guy who didn’t really know anything about earning income online just 3 months ago.  (Again, I just got started with all of this stuff towards the end of October 2011.)  The breakdown is as follows:

AdSense:  $64.79 (+5.4% over last month’s $61.48)
Affiliate sales:  $60.81 (+2239% over last month’s $2.60)
Book sales:  $2.66 ( +660% over last month’s $0.35)
Total:   $128.26 ( +99% over last month’s $64.43) 

 

About 3/4 of the AdSense revenue came from WebAnswers, making it my top-performing revenue source for the second month in a row.  Roughly 1/6 of the AdSense numbers came via my niche site, with the rest coming from article sites like InfoBarrel and Seekyt. 

Needless to say, the affiliate income was great, but it really fell off a cliff around the middle of the month.  However, I had expected sales to slow as we got closer to Christmas, so it wasn’t a total surprise.   

Finally, there were royalties from sales of my two self-published books that came to a grand total of $2.66.   (Hey, every little bit helps.)   Hmmm…  I really should do more to promote my books, because I’m really not doing any marketing for them at the moment.

Looking back, I’m both happy and disappointed with my December results.  I’m happy because this really is a nice rate of growth that I’ve experienced, and if it could grow like this every month I’d die a happy man.  However, I’m disappointed because I fell short of my goal for the month, which was to earn income of $5/day (that would have resulted in income of $155 for the month).  This is somewhat my own fault, because I spent most of the month constructing a new niche site and practically neglected everything else.  In the future, I’ll try to take a more balanced approach in terms of my online endeavors and give all of my “kids” some love and attention. 

Anyway, my goal now for January 2012 is to earn $5/day or a total of $155 by the end of the month.  For those of you keeping track, here are the sites I’m using as the foundation for building my own passive income streams:

 

 

***Please note that many of the links above are affiliate links, which means that I will earn a commission if you purchase products or services via the links I have provided.  More information about these products and services is available on my Resources page.

As I’ve stated all along, the Q&A site WebAnswers i sstill the earnings champ in my book, and I recommend them as the first stop for anyone looking for a venue to begin earning online.  I’m also a firm believer in article-writing, so any of the revenue-sharing sites  – InfoBarrel, Bukisa, Seekyt, etc. – are also great.

 

Earning Offline Passive Income

In my opinion, there is a lot of attention focused on generating passive income online.  This is not without justification, but it is limiting in the sense that there are also offline strategies for earning, and many of them are hardy and battle-tested.  Below are just a few:

 

Interest-Bearing Accounts
We all know that these aren’t paying much these days.  However, I don’t think there’s any argument that a little is better than nothing at all.  Moreover, interest rates are not likely to remain at their current lows forever.  I think it’s reasonable to expect them to rise at some point in the future, so you should keep knowledge of this potential income stream in your hip pocket for future reference.

 

Book Publishing
Almost all of us at some point feel like we could write the Great American Novel.  Well, now you can turn that dream into reality.  Self-publishing has become shockingly cheap – especially with publishing partners like CreateSpace.com (Amazon.com’s publishing division).  It cost almost nothing to get your book published and out to the world.  Plus, you don’t have to spend thousands printing copies, warehousing inventory, etc.  You can print on demand – the book isn’t printed until ordered.  This is what residual income is supposed to be:  an up-front investment of time and effort (writing), and long-term, or lifetime, returns (royalties).

Dividends
In my opinion, this is the original passive income strategy.  You buy a dividend-paying stock, hold it, and just let the dividends keep coming (or reinvest them) forever.  Unfortunately, most people don’t give very much consideration to dividends these days.   In comparison to the fortunes that you hear about being made online, the quarterly dividends you might receive from investments seem rather meager.  But consider this: 

In 1990, Johnson & Johnson’s split-adjusted quarterly dividend was 3.6 cents per share.  If you had invested $1000 in J&J back then, you would have received 17 shares, making your annual dividend payout about $2.45.  (Chump change, you say.)  Fast forward to today, and that same quarterly dividend is now roughly 57 cents per share.   Moreover, thanks to stock splits, you would now own 186 shares (worth over $12,000) instead of the paltry 17 you started with.  And your dividend payout?  That’s now $424 per year.  In other words, you’re now getting back – just in dividends – almost half of your initial $1000 investment every year!  (Who’s the chump now, chump?)  And it’s just going to keep growing…  In short, dividends can ultimately play a major role in your income strategy, so don’t laugh at those pennies you could be receiving.  As they say, if you take a penny and double it every day, at the end of the month you’ll be a millionaire.

(You can confirm my J&J figures using the Johnson & Jonhson Investment Calculator.)

 

Needless to say, these are just a few ways that you can earn passive income offline.  There are many others – T-Bills, Bonds, etc. – that you could utilize as well.  The point is, there are benefits to diversifying your earning strategy, and – as you can see form the dividend example – some can have a handsome payoff.

Resources I Use To Generate Passive Income

I thought this page would be a good place to talk about the things I’m doing in terms of activities – as well as tangible resources I’m utilizing – in order to develop my passive income.  And so, without further ado:

WebAnswers
WebAnswers is a question-and-answer site where you get paid to ask and answer questions.  I praise WebAnswers without end not just because it’s where I got my first passive earnings, but primarily because of how quickly it happened.  I signed up and initially wasn’t very serious about the site, but despite my own disinterest I was making money within a week,  and I have made money with them almost every day since!  (I think there have only been two days when I made nothing, and I believe they were both on the weekend, when there’s less online activity.)   That’s why I think WebAnswers should be everyone’s point of entry into the world of passive income.

InfoBarrel
InfoBarrel is article submission site that has 75% revenue-sharing (and this can go higher under certain circumstances).  I like the fact that you can earn revenue from multiple sources – AdSense, Amazon and Chitika – and you can write about any topic you want.  Moreover, there’s no limit to the number of articles you can submit in a day (or ever).  After WebAnswers, I think article-writing is the next step for just about everyone looking to earn passive income online.

Bluehost.com
Bluehost is a top-ranked web-hosting company.  I use them for my web sites, and I recommend them highly.  For $6.95 per month you get unlimited space and unlimited domains (which is great for someone like me, since I’ve got several ideas for niche sites I’d like to develop).   Of course you may be thinking, “Why pay for hosting when there are scores of places that will let me build web sites for free?”  That is certainly true, but of course a free website might come with restrictions and other unfavorable terms and conditions.  For instance, some free sites won’t allow you to display ads.  Good luck monetizing that one…  The long and short of it is that web hosting is actually pretty cheap, and for the freedom it gives you in terms of developing your niche (and monetizing it) it may be well worth the price.  Plus, as the old saying goes, there’s no such thing as a free lunch.

Hubpages.com
Hubpages allows you to build “hubs” which are essentially web pages.  You are able to monetize your hubs (60% revenue-sharing) in several ways, including AdSense and Amazon affiliate links.  Since it’s free to sign up, the equities are all in your favor and you can build as many hubs as you like.

Squidoo
This is essentially just like Hubpages, except the pages you create are called lenses.  There’s 50% revenue-sharing in various ways (including AdSense and Amazon affiliate links).

Seekyt.com
Like InfoBarrel, this is an article site with 70% revenue sharing.

Shetoldme.com
This is a social bookmarking site with 100% revenue-sharing.  (Tough to beat that!)

Bukisa.com
This is another great article site with 60% revenue-sharing.

Infopirate.org
This social bookmarking site has 80% revenue-sharing.

 

Socialadr
Putting it plainly, this is an awesome site site for obtaining lots of free backlinks.  (You can also upgrade to a paid version that essentially puts your backlink-building on autopilot, but it’s not required.)

Instant Article Wizard
This is fantastic article-writing software that not only does online research, but will having you cranking out articles exponentially faster than you did before.  There’s nothing better for overcoming writer’s block, and you will even be able to write articles on subjects you know nothing about.

The Best Spinner
Article-spinning software that will allow you to create tons of original and unique content from each article you write.

Unique Article Wizard
Another outstanding piece of software that will allow you to post to hundreds of blogs and article directories automatically.  Critical for anyone serious about marketing their articles.

Market Samurai
Phenomenal software that let’s you perform in-depth keyword research and analysis.  Saves you time, money and effort by identifying the high-profit niches that you should focus on.

***For anyone considering (or currently doing) article writing, I strongly recommend that you take a look at Instant Article Wizard, The Best Spinner, and Market Samurai and Unique Article Wizard.  I believe they are absolutely essential if you want to achieve quick and lasting success.  Using just The Best Spinner and Unique Article Wizard, I was able to propel my niche site to the first page of Google in less than a month!!!  Since then I’ve remained on the first page (and have even touched #1 a few times).  I firmly believe that these are items you must have in your virtual toolbox. 

Niche site
I have one niche site up at the moment, but it’s generating income on almost a daily basis, so I’m pleased.

Amazon.com
It’s great being partnered with one of the world’s largest retailers.

Books (self-published)
I’ve got two books published at the moment, but I’m really not doing anything to promote them (and probably would not have even mentioned them were it not for the fact that a sales occurred).

November 2011 Earnings Report

My earnings for November increased quite nicely.  Exponentially, in fact.  (Of course, I earned less than 6 bucks in October, so it’s not hard to top that.  However, you also have to remember that I dipped my toes into the passive income pool for the first time in late October, so right now every penny of passive income feels like a lottery win to me!)  The breakdown is as follows:

AdSense:  $61.48
Affiliate sales:  $2.60
Book sales:  $0.35
Total:   $64.43 

 

About two-thirds of the AdSense revenue came from Webanswers (needless to say, I have something of a crush on them now); a little less than one-third came via my niche site, with the rest coming from article sites like InfoBarrel and Seekyt.  I’m also pleased with the affiliate income; again, it’s not much, but two months ago I probably couldn’t have told you what affiliate income was. 

And let’s not forget the royalty from the sale of a single copy of my book: $0.35.  Go ahead and laugh, but you have to bear in mind that I’ve been primarily focused on developing my niche site and really haven’t done any book marketing, so this was a nice surprise as far as I’m concerned. 

In retrospect, I’m happy with the results.   For those of you keeping track, here are the sites I’m using as the foundation for building my own passive income streams:

 

 

***Please note that many of the links above are affiliate links, which means that I will earn a commission if you purchase products or services via the links I have provided.  More information about these products and services is available on my Resources page.

As I’ve already noted, the Q&A site WebAnswers has been my bread and butter thus far, and I recommend them as the first stop for anyone looking for a venue to begin earning online.  I’m also a firm believer in article-writing, so any of the revenue-sharing sites  – InfoBarrel, Bukisa, Seekyt, etc. – are also great.

Finally, I don’t think I mention this in my previous posts, but I had a goal of earning $2/day online by the end of November.  I just squeaked by, but my goal for December is a more ambitious $5 per day (with a stretch goal of $10/day) .   We’re almost halfway through the month, now, so keep your fingers crossed!