My Online Income Report – January 2014
I feel like a broken record – every time a new month begins, I consistently point out that that the previous month went by too quickly. January was no exception. (Fortunately, this will actually be a fact in the 28-day month of February.)
I’ve said it before (I think), but I really do feel like I’ve hit the “restart button” with my online journey.
In a good way.
What I mean by this is, even though I still have many of my old, abandoned projects generating a little bit of income, I’ve completely reinvented my approach with the launch of The Daily Interview. The downside is, earnings are going to take a while to build.
The upside is – dare I say – limitless?
An Overview of January
It was another busy month, as about 90% of my focus was on The Daily Interview. (l always reserve at least 10% for My 4-Hour Workweek!)
It’s a lot of work, and like the early stages of any project, you don’t quite see the hard work “paying off yet.” Although the site may be a long way from earning its first dollar, it has been very rewarding seeing all the positive feedback from readers who have gotten something out of the various interviews that have been published.
I receive e-mail and comments from people on an almost-daily basis telling me that they love the new site, and that they think it’s going to be a huge hit. I hope you are right! More importantly, I’m just happy that people find the content interesting and inspiring. That’s been my goal from day one.
Furthermore, it’s been a blast getting to meet and network with all the people who I’ve interviewed. For the most part, these are people who I’ve never interacted with before, so there are a lot of new relationships developing.
I never thought I could really tackle a blog that publishes content 5 days a week, but I’ve made it happen thanks to some systems I’ve put into place. I’ll go into more detail about all of this in a future post where I really break down the launch and maintenance of The Daily Interview.
Now, on to the income report…
Still no time for writing yet – everything here is passively earned from articles I wrote more than a year ago. For some reason, this month’s earnings were quite a bit higher than previous months (although it’s still so little).
Freelance Writing Income
Other Article-Related Income:
- Amazon: $1.68
- Revenue Sharing: $9.37
- Revenue Sharing: $9.38
- Amazon: $0.00
Total Writing Income: $20.43
Still going strong with Lending Club. When all is said and done with my online projects, this income report may look completely different, however I believe Lending Club will be the one thing that always sticks around.
As I’ve written about many times, this 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.
I’ve said it before, but I’ll say it again: Although I suspect the stock market is a better investment long term, it’s a lot riskier (which is why you’re compensated with higher expected returns). Investment in Lending Club loans, when combined with a good strategy, can net you a great return (the average investor sees returns of 7%+) without the same level of risk.
January continued the forward progress, and my net annualized return climbed to 5.81% (+.08% from the previous month), and I increased the number of loans I invest in, to 196 (+3 from the previous month). I’m really hoping to climb past 6% in 2014, which I think is very doable.
If you’re interested in trying Lending Club, you can sign up with this link and get a free account. 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).
If you’re unsure whether this type of investing is right for you, you can start with $25 and build from there. To really make money, you’ll need (and want) to make several $25 investments over time as I have.
Prosper.com is another site where I invest, which is a social lending platform very similar to Lending Club.
The 4 loans that I originally invested in when I opened my Prosper account are still doing quite well. As of right now, my rate of return is 13.95% (-0.66% 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. 196 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.
The passive earnings continue, as I have not put any time whatsoever in these sites.
Here’s a summary of my niche site earnings:
- Amazon: $29.23
- Media.net: $0.00
- Chitika: $0.00
- InfoLinks: $0.00
- Commission Junction: $0.00
- Total: $29.23
The Daily Interview
This is the newcomer to the “authority sites” section, and I expect it to eventually take over most of this income report as it is where I am spending most of my time and effort. Because the site is new, and I’m not really trying to monetize it (aside from a random affiliate link here or there), the earnings are going to remain very low for now.
Here’s where we’re at right now:
- Amazon: $0.18
To be honest, I’m even shocked that it earned 18 cents, as I was definitely expecting $0. My focus is on building traffic for now – but once I get a handle on that, I will spend more time figuring out monetization.
Authority Site (Not Revealed)
This site is inactive, but continues to earn a bit of money.
- Media.net: $4.45
- Indeed.com: $0.23
- Total: $4.68
Authority Site (Slow Carb Diet Experiments)
Traffic continues to sit in the 75-100 visits per day range, even though I haven’t written here since last May.
- Amazon: $4.44
- Media.net: $1.05
- Total: $5.49
Total Authority Site Earnings: $10.35
Here’s the breakdown for affiliate and other income earned during January. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- CashCrate: $88.16 (read my review here)
- ClickBank: $116.56 (primarily from Long Tail Pro)
- Commission Junction: $39.00
- PayDotCom: $3.00
- Ebates: $10.00
- Aweber: $14.40
- Other/Misc.: $17.41
Total Misc. Affiliate Earnings: $288.53
Here’s a summary of January’s earnings, organized by category:
- Freelance Writing: $20.43
- Niche Sites: $29.23
- Authority Sites: $10.35
- Misc. Affiliate Income: $288.53
Grand Total for January: $348.54 (+$57.57 from December)
I was actually surprised to see a jump from December to January, but considering it’s all from sources that I no longer really maintain, it’s subject to random fluctuation. I wouldn’t read much into the increase. I’m happy with it, but my eyes are squarely focused on one thing right now.
These were my top 5 most popular blog posts in January based on number of views:
How did January go for you? Have you started to execute any of your new year’s resolutions? Leave a comment below!
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