My Online Income Report – August 2014

Passive income.  That’s why this blog was originally created, and it’s the reason I keep up with these income reports even if I’m not too actively engaged in my online business right now.

I’m in an interesting place right now where I’m actually very much involved and interested in my own career, which, as you might imagine, makes it a bit more difficult to run a business on the side.  In fact, this may be the first time in my 6-7 year career (post-college) that I’ve felt this way.  And I like it.

So, until I once again find a way to balance work and my side business (which I have no intention to give up on), new activity will be pretty light here.  In addition to keeping up with my monthly income reports however, I also still plan to interview other internet entrepreneurs, such as the interview I published here earlier this month with Tom Drake.

Let’s get right to the income report.

Freelance Writing Income

  • None!

Other Article-Related Income:


(Squidoo was actually acquired by HubPages, where all articles will be transferred to, so I’m not sure what the future holds here.)

  • Amazon: $2.11
  • Revenue Sharing: $0.00


  • Revenue Sharing: $4.45
  • Amazon: $0.00

Total Writing Income: $6.56

Lending Club

Lending Club, as I’ve written about many times, is one of my favorite online passive income sources, because I believe it’s my only source of truly passive income. What I mean by this is, once you select your investments (which only takes a few minutes), you sit back and collect the monthly payments which include a repayment of your initial investment + a relatively high rate of interest.

Now that I’m done saving for a house and wedding, I’m going to start getting back into investing some serious money into Lending Club and other similar passive investments online.  I’ll be writing more about these in the future, because I believe they can be a strong foundation for any passive income portfolio.

If you’re interested – here’s the strategy I have used to select my investments. It’s pretty simple, as you’ll find.

Here are the statistics for this past month:

  • Annualized rate of return: 6.09% (+.10% from the previous month)
  • Number of loans: 209 (+2 from previous month)

If you’re interested in trying Lending Club, you can sign up with this link and get a free account. Investments can be made for as little as $25. I am an affiliate for Lending Club, so if you have any questions about it, I’d be more than happy to answer them in the comments (or feel free to contact me by e-mail).

Prosper is another site where I invest, which is a social lending platform very similar to Lending Club.

Here are the statistics for this past month:

  • Annualized rate of return: 14.35% (-0.42% from the previous month)
  • Number of loans: 6 (+1 from the previous month).

It may seem that I’m doing much better here compared to Lending Club, but that’s somewhat misleading. Because I only invest in 6 loans (vs. 209 at Lending Club), and none of them have defaulted, my rate of return % is going to be very high.

I think I still prefer Lending Club to Prosper, only because you have more flexibility in choosing investments, and there is more transparency overall. I don’t think there’s anything wrong with investing on both platforms though; I will continue to do so.

If you’re interested, you can create a Prosper account here.

I haven’t touched these sites in a LONG time, so anything I earn here is a bonus.  Eventually, if the cost of the site (i.e. domain renewal) exceeds the annual earnings, I will get rid of them.

Here’s a summary of my niche site earnings:

  • Amazon: $7.82
  • $7.82
  • Chitika: $0.00
  • InfoLinks: $0.00
  • Commission Junction: $0.00
  • Total: $15.64

The Daily Interview

Although The Daily Interview still exists, I will now be publishing any new interviews right here on My 4-Hour Workweek.

Here’s what the site earned last month:

Undisclosed Authority Site

This site is inactive, but continues to earn a bit of money.

  • $2.71
  • $0.00
  • Total: $2.71

Slow Carb Diet Experiments

  • Amazon: $1.80
  • $1.16
  • Total: $2.96

Total Authority Site Earnings: $10.23

Here’s the breakdown for affiliate and other income earned during the month. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]

Total Misc. Affiliate Earnings: $382.00

Income Summary

Here’s a summary of August’s earnings, organized by category:

  • Freelance Writing: $6.56
  • Niche Sites: $15.64
  • Authority Sites: $10.23
  • Misc. Affiliate Income: $382.00

Grand Total for August: $414.43 (-$79.75 from July)

Although this total continues to be unimpressive, I’m happy with the fact that this income is 100% passive right now.  It’s nice to have a little extra cash flow each month (this amount alone could easily cover my car payment or groceries) to go along with the income I earn from my full-time job.

These were my top 5 most popular blog posts in August based on number of views:

1) 142+ Ways to Make Money Online

2) Is CashCrate Legit? Here’s My CashCrate Review

3) My Online Income Report – July 2014

4) How to Make $2,000 Per Month Writing for InfoBarrel

5) Successfully Balancing an Online Business and a Full-Time Job with Tom Drake [Interview]

How did your online business and online projects perform in August?  Leave a comment and let me know!

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13 Responses to “My Online Income Report – August 2014”

  1. Curious if you are withdrawing your Lending Club interest or reinvesting?
    Laptop Life Lisa recently posted… It’s Not Me… It’s You! Are Trust Issues Wrecking Your Business?


    Eric G. Reply:

    Good question, Lisa. I do reinvest my interest every time my account cash balance reaches $25 (minimum amount required to invest, as you probably know).


  2. Hey that’s not a bad month — I might have to look into this CashCrate thing!

    How’s everything going?
    Nick Loper recently posted… My Top 10 Books of All Time … so far


    Eric G. Reply:

    Everything’s going really well overall – not online so much, but real life is good. :) Hope all is well with you too.


  3. Yes I recently went on holiday and hardly touched my sites but the passive income continued to roll in, not at your level but it is great to get paid for doing nothing that month
    John Gough recently posted… Roberts ECO1BK Ecologic 1


  4. Hey Eric,

    That’s not a bad month at all. Very much seems like a stepping stone to adding a zero onto the end of that figure, if you’re willing to put the effort into making that happen.

    I would say you have done the hardest part already. Those first $400 are the hardest to get, because SO many lessons about how to get things right in internet marketing, are learnt at the stage when your income is on that kinda level. I know plenty of people who multiplied their income several times sooner after they got to a few hundred dollars a month. I hope this motivates. :)



    Eric G. Reply:

    Thanks Jack! That is motivating. :)


  5. Hey Eric,
    to get $414 in total passive income is quite amazing I think, good job! It will be interesting to see if it stays that way or declines over time.

    Coming to CashCrate, this looks like a MLM to me. I like that it’s free, but just as you’re writing in your review, you won’t get rich from it when your referrals don’t use it, right? That’s what’s keeping me off those things a bit.

    Best regards,
    Jan Koch recently posted… How To Recover a WordPress Backup


    Eric G. Reply:

    Thanks Jan! I think if I hold steady and don’t do anything, the passive income WILL start declining. At some point, I’ll get back to it, but right now I’m very into my job and career. Considering I used to hate my job (prior to this current job), I’m happy with the way things have turned around. Most people look for a way to escape the 9-to-5, but they forget that there is a second option: Finding a job you like and embracing it.


  6. Hi Eric, for me that USD400 is good. In my country, if I able to get USD400 like your, I already get RM1200 (my country currency) and it is good.. :)
    myrujukan recently posted… Cara Bina Dan Kumpul Email List Melalui Blog


  7. Awesome great congrats I really think that to make money from your blogs you must diversfy your income streams you must not depend on one source of income Great and keep posting such great posts in future

    Rohit singh
    Rohit Singh recently posted… Top 10 Most Popular Search Engines In The World List


  8. Hi Eric, thanks for all the info provided. I will use your affiliate link to create an account with Cashcrate. I’ll see if I will get any income from it. I am in Australia and I don’t know if they offer anything to us, but I may be able to get affiliates from USA and Canada.
    So far my only income source is Google AdSense and I just reached $80 in four months. The good part is that I don’t have any ongoing costs, apart for the domain name (even the webhosting is free).



    Eric G. Reply:

    Sounds good Nick – thank you for the comment!


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