A High Level Analysis of My Passive Income History
The other day, I was thinking about the success (or lack thereof, depending on how you look at it) of my online passive income projects over the past year or so. I started this blog early in 2010 (although didn’t really start working on passive income projects until mid-2010) and decided it would be interesting to look at some overall trends and see if I could learn anything from them.
Rather than do this and keep it to myself, I figured I might as well make it public and see if you have any thoughts as well.
I thought I’d begin by looking at my overall online income from the point where I began keeping track of it. To make it easy for you to follow along, I’ve linked to each income report below.
- May 2010 – $0 (or unknown)
- June 2010 – $222.52
- July 2010 – $228.45
- August 2010 – $363.15
- September 2010 – $335.22
- October 2010 – $377.72
- November 2010 – $987.92
- December 2010 – $682.73
- January 2011 – $745.94
- February 2011 – $469.71
- March 2011 – $637.09
- April 2011 – $710.98
- May 2011 – $805.63
- June 2011 – $902.06
- July 2011 – $738.90
- August 2011 – $914.08
- September 2011 – $834.77
Amazon Niche Sites Income
Some Thoughts On This Data
1) InfoBarrel was clearly impacted by some Google updates that decreased the search engine power of many article sites/content farms. My income had a very nice upward trend as I wrote articles and as they aged.
After a series of Google “panda” updates, I believe many of my articles lost their high rankings, which subsequently led to a decrease in earnings. If I want to get back onto an upward trend, I will likely need to add more articles.
2) It’s difficult to draw any conclusions from my Amazon income trend, because a large % of my income there comes from one of my sites that ranks well and receives decent traffic. If I were to graph my total Amazon income along with the traffic of my primary Amazon niche site, you would notice a very strong correlation.
If I want to continue an upward trend with Amazon, I will likely need to continue adding backlinks to my current sites and possibly create new sites.
Aside from the spike in income during November 2010, my overall income has seen a fairly consistent upward trend. However, you’ll notice that during 2010, the increases were much more drastic. In 2011, income has seen a general upward trend, but it’s somewhat flat compared to 2010.
What does this mean? This data supports what I’ve been thinking for the past several months. The projects I built in 2010 provided significant boosts to my online income. In 2011, I haven’t worked as hard. I’ve built less projects. I’ve blogged less frequently. All in all, I’ve done just enough to maintain a level of income between $700-1,000 per month, but haven’t done enough to get past it.
Yes, it’s nice to maintain this level of income without doing much work – that’s the beauty of passive income. However, you can’t forget how you got here – persistence and hard work.
If you want to earn more, you have to approach day 366 the same way you approached day 1. In fact, you should be even better, because by now you’ve learned a lot and have many more tools at your disposal.
What do you think?