My Passive Income Report [July 2013]
July was a busy month – there’s no arguing that.
With so much going on in my personal life (a few more details about that below), I didn’t have nearly enough time to spend on my online projects, which is also why my blogging has been a bit light over the past few weeks.
From an income standpoint, July wasn’t terrible, although it was yet another declining month (unfortunately).
Although I’m going to try to make excuses, I know that I’m the only one to blame for my lack of productivity.
A Brief Overview of July
July was more of a personal busy month for me. First of all, my fiance and I have started to plan our wedding. We’re planning a destination wedding in Mexico, which I’m extremely excited about. It’s still a long way off (late next year), but I can already tell it’s going to be great.
Also, I spent a good portion of July searching for a new job. Everything is still fine at my current job, however I’m looking to take the next step in my career. I can’t discuss specifics yet, but there will be changes coming in August.
There are some other little things going on, such as taking on a new workout challenge (I’m doing Insanity) and finally fixing up my home office space so that I can start using it again (I’ve spent the past few months on a laptop at my kitchen counter).
All good things happening – except that none of them are directly related to my online business! No worries though – as my attention is focused elsewhere, my online “passive income assets” still continue to earn me money without me having to put in any additional time. Without putting in effort though, the income isn’t going to grow, which I’m well aware of.
July Income Report
I’m sticking with my current plan to not put any time into article writing, so all the income below is generated by articles written over a year ago. Income from articles this month was actually quite improved compared to the past several months.
Here’s a summary of all my article-related income for July:
- Amazon: $0.00
- Revenue Sharing: $10.80
- Revenue Sharing: $9.07
- Amazon: $2.73
Total Article Writing Income: $22.60
Lending Club, as I mention each month, is one of my favorite online passive income sources, because I believe it’s my only truly passive income source. What I mean by this is, once you select your investments (which only takes a few minutes), you can sit back and collect the monthly payments which include a repayment of your initial investment + a relatively high rate of interest.
If you are unfamiliar with Lending Club, however, you should read my post that explains exactly how I make money with Lending Club (including my investment strategy). It’ll at least help you get started in figuring out what loans are better to invest in.
For the fifth straight month, my net annualized return (interest %) has grown. This growth is due to my continued effort to invest in riskier, yet reasonable, loans.
I’m now invested in 179 loans (+4 from June) and my net annualized return is 5.88% (+.13% from June).
I don’t advocate taking your life savings and putting it into Lending Club, but I am a firm believer that this is becoming a more and more viable way to safely invest a portion of your savings. I can’t recommend a specific % to invest (it all depends on your risk tolerance), but I’d be satisfied with investing at least 10% of my own savings. Remember – there are still risks, but you can minimize those risks by investing wisely.
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. Again, I want to emphasize that to really benefit from this form of passive income, you need to make several $25 investments not only to earn more interest, but to diversify as well. One or two $25 investments won’t get you anywhere.
A few months ago, I also began investing with Prosper.com, which is another social lending platform very similar to Lending Club.
I’m still only invested in the 4 loans that I originally invested in when I opened my Prosper account, and they are doing well so far. As of right now, my rate of return is 10.46% (+2.41% from June).
Here’s a preview of the loans I’m invested in so far, which I posted last month too (and you can see the interest rate of each):
I definitely can’t say yet if Prosper is any better than Lending Club, because my Prosper investments are still relatively small, and it’s very early on in the loan repayment term. If you’re interested, you can create a Prosper account here.
Although my new niche site is still not yet ranking as well as I’d like (it’s ranked #24 in Google currently for its primary target keyword), it continues to earn a little bit of money.
Given how little traffic it receives (5-10 visitors a day), I’m very impressed with both the earnings and the Amazon conversion rate. If I can get this site onto page 1 and it receives more substantial traffic, the earnings should very solid.
- Amazon: $8.07
- Media.net: $0.00
- Chitika: $0.00
- InfoLinks: $0.00
- Commission Junction: $0.00
- Total: $8.07
Authority Site #1 (Not Revealed)
This site is still inactive (in terms of me working on it), but continues to earn a little bit of money. Oddly enough, it’s out-earning my other “authority site” that I’ve put much more work into.
- Media.net: $3.31
- Indeed.com: $1.06
- Total: $4.37
Authority Site #2 (Slow Carb Diet Experiments)
This site’s earnings are still very poor, despite the steady traffic and Amazon clicks it receives on a daily basis. As I’ve said before, I’ll need a great increase in traffic before this site begins to earn anything respectable.
- Amazon: $0.00
- Media.net: $0.12
- Total: $0.12
Total Authority Site Earnings: $4.49
Here’s the breakdown for affiliate and other income earned during July. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- CashCrate: $292.18 (read my review here)
- ClickBank: $21.02
- Commission Junction: $72.00
- PayDotCom: $0.00
- Ebates: $10.00
- Market Samurai: $0.00
- TweetAdder: $0.00
- Aweber: $11.40
- Other misc.: $0.00
Total Misc. Affiliate Earnings for July: $406.60
Here’s a summary of July’s earnings, organized by project/challenge:
- Article Writing: $22.60
- Amazon & “AdSense” Niche Sites: $8.07
- Authority Websites: $4.49
- Misc. Affiliate Income: $406.60
Grand Total for July: $441.76 (-$98.28 from July)
No one likes to see a decline in earnings, especially when they weren’t strong to begin with, but this is what happens when you don’t put in any additional effort. Although I can honestly say that these earnings were basically 100% passive, the lack of growth is disappointing.
Popular Blog Posts
These were my top 5 most popular blog posts in July based on number of views:
How was your July? Are you also having trouble putting in the time necessary to grow your earnings? Leave a comment below!
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. Thanks!