My Online Income Report – February 2014

I’ve never been a fan of February, and I’ve said it in multiple February income reports. Shorter month, it’s cold outside, blah blah blah…

I’m tired of those excuses.

The only reason things didn’t go well in February (well, they were actually very similar to January) is because I simply haven’t done enough yet.  I’m owning up to it.

However, I have every reason to be optimistic with The Daily Interview, and in this income report, I give the first ever traffic report for my new site.

Let’s get to it.

Before We Get to the Numbers…

This month, I’m going to cut back on most detail and explanation for the various income sources I’ve been reporting here for the past several months (or even years).

In most cases, nothing has changed.  I earn a little bit of income from a variety of sources thanks to work I did over the past 2-3 years.  As you know if you’ve read my past few income reports, I’ve turned my entire focus to The Daily Interview, so it makes sense that it’s what my income report focuses on.

The ironic part of it all is that The Daily Interview currently doesn’t make any money.  Not because it can’t, but because I’m not ready to monetize it.  I’ll discuss it more below.

Now, on to the income report…

Freelance Writing Income

  • None!

Other Article-Related Income:

Squidoo

  • Amazon: $0.00
  • Revenue Sharing: $7.27

InfoBarrel

  • Revenue Sharing: $3.83
  • Amazon: $0.00

Total Writing Income: $11.10

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.

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

Here are the statistics for this past month:

  • Annualized rate of return: 5.98% (+.17% from the previous month)
  • Number of loans: 200 (+4 from the 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

Prosper.com 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: 14.34% (+.39% from the previous month),
  • Number of loans: 4 (no change 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 4 loans (vs. 200 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.

Here’s a summary of my niche site earnings:

  • Amazon: $6.38
  • Media.net: $0.00
  • Chitika: $0.00
  • InfoLinks: $0.00
  • Commission Junction: $0.00
  • Total: $6.38

The Daily Interview

After two months of the site being live, things are going really well.  It obviously helped that I’ve been able to promote the site to my audience here – any time you can launch a site or product to an existing audience, you’re going to have a much better start.

The nice part about an interview, however, is that the guest will usually share it with his or her audience too.  So each day (with each interview), I have an opportunity to get in front of other audiences.  The traffic varies depending on the guest and if they share the interview, but it’s definitely a nice boost either way for a new site.

Here’s a look at the traffic through February:

It’s funny – the biggest traffic day essentially was day 1 – but that’s just because the audience here (at My 4-Hour Workweek) wanted to check it out, I’m assuming.

The overall trend has been positive, and the random spikes in traffic are mostly from the days where I send an e-mail out to my list.  I send a weekly e-mail with a digest of the previous week’s interviews.  I know that not everyone will be interested in every interview, so to make it a bit easier on people, I send a short summary of each interview once a week, and people can click through to read whatever interviews sound interesting to them.

If you’d like to get the digest once a week (don’t worry – I’m not sending you anything else), you can sign up here:






Here’s what little income the site earned last month:

  • Amazon: $0.42

I have some ideas in the works for how to monetize the site, and in fact, I plan on implementing one of them in March.  With that said, my primary focus is still on traffic. The next step is probably for me to secure some guest posting opportunities and really grow the site beyond where it’s at right now.

There will be organic growth with the more interviews I publish, but if I want to speed up the process, I know that guest posts can be extremely effective.

Undisclosed Authority Site

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

  • Media.net: $3.34
  • Indeed.com: $4.48
  • Total: $7.82

Slow Carb Diet Experiments

  • Amazon: $1.16
  • Media.net: $0.55
  • Total: $1.71

Total Authority Site Earnings: $9.95

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

Total Misc. Affiliate Earnings: $298.62

Income Summary

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

  • Freelance Writing: $11.10
  • Niche Sites: $6.38
  • Authority Sites: $9.95
  • Misc. Affiliate Income: $298.62

Grand Total for February: $326.05 (-$22.49 from January)

Slight dip compared to the previous month…I’m not surprised.  Given the fact that not much has changed from January (aside from working on The Daily Interview), I would expect February, with 3 days less than January, to bring in slightly less income.

These were my top 5 most popular blog posts in February 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 – January 2014

4) 21 Incredible Lessons Learned from Pat Flynn of Smart Passive Income

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

How was your February? I’d love to hear from you in the comments!

If you enjoyed this income report, subscribe to the RSS feed (if you haven’t already) so that you don’t miss any future updates. 

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9 Responses to “My Online Income Report – February 2014”

  1. The dip is possible for anyone as 3 days less in the month but the amount isn’t that bad also as I”m struggling .My February was the same as my January.
    Ahsanul Karim recently posted… Apply For Officer In First Security Islami Bank Limited

    [Reply]

    Eric G. Reply:

    Thanks for the comment – if your February was the same as January, that’s not so bad. Keep it up, and best of luck in March.

    [Reply]

  2. Have you been promoting the products associated with your guests on each post?

    Most people seem to have some kind of product or course, so I’m surprised to see you haven’t made more affiliate commissions from the TDI site.

    Good luck for next month!
    Joe recently posted… WordPress Writing Service

    [Reply]

    Eric G. Reply:

    Hey Joe,

    That’s a really good question. In most cases, I have plugged in my affiliate link for guests’ products (assuming they allow affiliates), and that’s where my very small amount of Amazon affiliate income came from. In general though, I don’t think I have enough traffic yet for affiliate links to be a viable income stream on that site.

    I think a big part of the problem is mindset. Sure, at the end of a sales page, you might be in a buying mindset. But at the end of an interview like the ones I publish, I don’t think it’s quite the same. People may click the links out of curiosity, but I don’t think it’s the same as an affiliate link that might appear on a site that gets traffic from keywords like “where to buy x product” or “x product review.”

    Ultimately, I don’t anticipate affiliate links within interviews to be a huge source of income even when my traffic does increase significantly, but fortunately, I have some other ideas. :)

    [Reply]

    Joe Reply:

    I would’ve thought they would be good converting links, as the person reads the interview, gets inspired by the story then buys the product. But I guess not!

    Have you had a look at the Mike From Maine site? He video interviews people each day who are in the IM scene and who have a product to promote. I think he makes a few 1000 a month.

    How do you find the people to interview? I’ve hardly heard of any of them and thought I kept an eye on the mmo world.

    If you are looking for some suggestions I’d like to see one with someone from Stack That Money and the Affiliate Marketing School.

    Good luck!
    Joe recently posted… WordPress Writing Service

    [Reply]

    Eric G. Reply:

    I actually hadn’t heard of Mike from Maine (oddly enough), but after you mentioned him, I checked out his site. I think it’s pretty clear how/why he makes a lot from his interviews – most interviews seem to feature someone who sells an internet marketing-type product.

    Basically, each interview looks like a giant sales page for the product. I can see why that would convert a lot better. (Also, he’s been up and running for over a year it looks like, so probably has a lot more traffic and subscribers).

    Some of the people I interview are referrals from others I have interviewed, but most I find just by doing a little bit of research. I look at a lot of “top blogger” lists, and I look for people who have been interviewed on other sites (so that I know they are open to doing interviews). It takes some work to find the right people, but when you get in the rhythm of doing it, it probably only takes a few hours to get a good list of 20-30 people to target.

    Thanks for the comment Joe!

  3. Great month. Just keep trying and testing new things and your income will surely go up.
    Miss D recently posted… Review of Sulfate Free Pravana Hydrating Shampoo

    [Reply]

    Eric G. Reply:

    Thanks Miss D!

    [Reply]

  4. Good to see such stats for us..
    this will help newbie like me to grow

    [Reply]

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