My Passive Income Report [March 2013]
After a long and semi-painful tax season, I’m finally back! And what better way to return than with an income report that’s a couple weeks too late.
For a month where I did absolutely no online work, March was amazing. I’ll only tease you a little: it was another personal record-breaking month, but I do have a few reasons to be concerned about how April will follow.
Let’s take a look at the details…
A Brief Overview of March
Unfortunately, the life of a CPA is such that you basically have no life during the months of February, March, and part of April, due to tax season. This is something that, no matter how many years I do it for, I will probably never get used to.
It’s one thing to work hard, but to have to constantly push yourself for over two months without any breaks is definitely a grind. I’m not complaining (even though I am) – I like what I do, even if I’d rather go about it my own way.
What can I say, other than March was a fantastic month, highlighting the power of passive income. It was comforting to see the money roll in each day during a time when I really couldn’t give my online projects the attention they deserve.
I need to be careful, however - this type of passive income isn’t going to sit there and grow on its own forever. In fact, there are a couple events that lead me to believe April will be much worse than March. Even if you’ve built some reasonably nice passive income streams (like I have), you still need to put in the work required to maintain and grow those income streams.
March Income Report
It was a relatively good month for my article writing accounts, both at InfoBarrel and Squidoo. I’m excited to finally get back to writing for these sites and seeing if I can get this income stream up to something respectable.
Squidoo has recently gotten a bit stricter with its quality guidelines, which has led to a few warnings on some of my lenses. I think it’s mostly a result of the number of Amazon affiliate links I’ve used compared to the amount of content I’ve written. This is something I’ll need to correct and monitor going forward.
Here’s a summary of all my article-related income for March:
- Amazon: $95.49
- Revenue Sharing: $18.22
- Revenue Sharing: $11.59
Total Article Writing Income: $125.30
I’ve changed the heading of this section of my income report from Lending Club to “social lending” because I’ve finally decided to test out other social lending platforms.
Starting in April, I will begin investing with Prosper.com, and once I start to see results, I will be reporting them here along with Lending Club.
Lending Club, as usual, remains one of my favorite online passive income sources, mainly because (as I’ve said before) I believe it’s my only truly passive income source. 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) that I posted a couple months ago.
March was a fine month, as everything held steady. I’m now invested in 165 loans (+6 from February) and my net annualized return is 5.40% (same as last month).
Although this is a very solid return on my investment (certainly better than I’d earn on a lot of other investments, with relatively minimal risk, in my eyes), I know it could be better. Per the suggestion of someone I recently talked to, I’m going to start investing more in higher risk loans that pay interest in the 12-15% range. Yes, these are riskier, but I will still be selective about which ones I choose, to hopefully minimize the risk.
If you didn’t get a chance to read my post about how I use Lending Club, you can watch this quick video that explains how it works:
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. I know in the past I’ve focused on the $25 investment amount to get started, but I do want to emphasize that to really benefit from this form of passive income, you need to make several $25 investments (or larger if you’d prefer) not only to earn more interest, but to diversify as well.
If you simply make one or two $25 investments, you won’t really get anywhere. You really do need to invest a bit more so that you can earn more and minimize your risk through diversification.
I no longer do anything with these sites, so if they earn me anything, it’s a bonus. As I’ve said before, for the sites that have stopped earning, I’ve been letting them die off once the domains expire.
- Amazon: $27.56
- Media.net: $0.18
- Chitika: $0.00
- InfoLinks: $0.00
- Commission Junction: $0.00
- Total: $27.74
Authority Site #1 (Not Revealed)
I’m still not doing much with this site, and the traffic continues to hover around a paltry 0-10 visitors per day.
- Media.net: $0.29
Authority Site #2 (Slow Carb Diet Experiments)
Much like My 4-Hour Workweek, this blog was put on hold for most of tax season. I’m excited to not only get back to the diet, but to start creating some new recipes that I can publish on the site.
- Amazon: $0.00
- Media.net: $1.18
- Total: $1.18
Total Authority Site Earnings: $1.47
Here’s the breakdown for affiliate and other income earned during March. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- Amazon: $0.00
- CashCrate: $706.61 (read my review here)
- ClickBank: $29.89
- Commission Junction: $1,161.61
- PayDotCom: $0.00
- Ebates: $20.00
- SEOMoz: $0.00 (read my write-up here)
- Market Samurai: $48.50
- TweetAdder: $0.00
- Aweber: $11.40
- Other misc.: $0.00
Total Misc. Affiliate Earnings for March: $1,978.01
Here’s a summary of March’s earnings, organized by project/challenge:
- Article Writing: $125.30
- Amazon & “AdSense” Niche Sites: $27.74
- Authority Websites: $1.47
- Misc. Affiliate Income: $1,978.01
Grand Total for March: $2,132.52 (+$297.07 from February)
Another record-breaking month for me as I finally surpass the $2,000 mark! It’s exciting, and I’m thoroughly pleased, however I’m not very optimistic for April. My page that was ranking on page 1 of Google for “make money online” (which drives a lot of this income), is no longer on page 1. Over the past couple of weeks, it’s been hovering near the top of page 2, which offers significantly less traffic.
As a result, I suspect my April earnings could drop by as much as $1,000. It’s okay though – this is just further motivation and incentive for me to work hard to build new sources of income so that I’m not relying on one source for such a large chunk of my overall income.
Popular Blog Posts
These were my top 5 most popular blog posts in March based on number of views:
How did your March go? (I know, it’s a little bit late for me to be asking that.) Feel free to share in the comments. And until next month, best of luck to you and your passive income projects!
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