My Online Income Report [November 2013]
Wow, this is the latest I’ve ever posted a monthly income report!
I’ve been super busy with work, family/holiday events, and getting my new site ready for its launch in January. I’m definitely in that phase where I’m working hard now to reap the benefits later. They’re not going to come quickly, but they will come. Soon enough.
Despite being busy with a million other things, I do believe it’s important to make time to reflect on the results of the previous month, so let’s get right to it.
Why Do I Bother Writing Income Reports?
It’s been a long time since I’ve answered this question, and I think it’s good to occasionally revisit why you do something.
For me, the income report has always been about accountability. If I know that I’m going to write about every little detail of my online business, especially income results, I’m going to want to make them as strong as I can. No one likes failure, but public failure is even more painful.
With that said, I also write these reports to show you what is (or isn’t) possible when it comes to making money online without too much work. I don’t have the awe-inspiring income that some others bloggers report (you know, those regular five-figure months), but I do make a modest amount that pays a lot of the bills, and I do it all while working a “9 to 5″ job and generally not spending more than 1-2 hours per week on my online projects.
Now, this isn’t necessarily a good thing – it would be a lot better for me if I spent more time with my online business, so that I could take my income to the next level. I’ll get there eventually, and hopefully with my new site that will be rolling out next month.
It’s a long journey, folks, and hopefully the monthly income report continues to provide you with an insight to that journey. One day when I am one of those five-figure monthly people, hopefully you’ll be able to look back and understand exactly how I did it.
At least, that’s the goal with these income reports.
I didn’t actually do any freelance writing in November as I am still spending all my efforts on the new site.
As usual, InfoBarrel and Squidoo provide a tiny bit of income…
Freelance Writing Income – November
Other Article-Related Income – November:
- Amazon: $0.00
- Revenue Sharing: $0.00
- Revenue Sharing: $6.17
- Amazon: $0.00
Total Writing Income: $6.17
“Daily fantasy sports” is something I’ve included in my last couple income reports, however this is probably the last month I’m going to report earnings from these sources.
If you want to read a little more on what it’s all about, check out my last month’s income report.
Here are my net winnings (i.e. profit) for November:
I really love Lending Club, and can’t wait until I’m in the position to invest more savings here.
As I mention each month, this 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 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.
The good times keep on rolling as I had another nice positive month, seeing my net annualized return climb to 5.58% (+.16% from October), and I increased the number of loans I invest in, to 190 (+3 from Octobber).
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’ve said it many times before, but 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 isn’t going to do much for you.
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 13.61% (+0.45% from September). I expect this rate to level off as I have not yet invested in any new loans.
It may seem that I’m doing much better here compared to Lending Club, but that’s a bit misleading. Because I only invest in 4 loans (vs. 190 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.
Nothing really new here, as niche sites are not a current focus of my online business. Once my new site launches and is running smoothly, I may go back to see if I can fix up any niche sites and determine if they’re worth keeping before letting the domains expire.
Here’s a summary of November’s niche site earnings:
- Amazon: $7.84
- Media.net: $0.00
- Chitika: $0.00
- InfoLinks: $0.00
- Commission Junction: $0.00
- Total: $7.84
Similar story here as with the new sites. Technically, my new site I’m working on will be an “authority” site, so that should eventually be a huge boost to this section of the income report.
Authority Site #1 (Not Revealed)
This site is still inactive, but continues to earn a bit of money.
- Media.net: $0.96
- Indeed.com: $1.17
- Total: $2.13
Authority Site #2 (Slow Carb Diet Experiments)
- Amazon: $0.00
- Media.net: $0.12
- Total: $0.12
Total Authority Site Earnings: $2.25
Here’s the breakdown for affiliate and other income earned during November. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- CashCrate: $123.76 (read my review here)
- ClickBank: $84.59
- Commission Junction: $72.00
- PayDotCom: $0.00
- Ebates: $5.00
- Market Samurai: $0.00
- Aweber: $17.10
- Other misc.: $0.00
Total Misc. Affiliate Earnings for November: $302.45
Here’s a summary of November’s earnings, organized by category:
- Freelance Writing: $6.17
- Daily Fantasy Football Contents: $45.69
- Niche Sites: $7.84
- Authority Sites: $2.25
- Misc. Affiliate Income: $302.45
Grand Total for November: $364.40 (+$110.57 from October)
Although still not a great month, it’s nice to see a jump of over $100. Hopefully we’ll keep this positive trend going, although I don’t expect to see any great advances until the early part of 2014.
Remember, all my current sources of income online are truly in passive/autopilot mode right now, as all the work I am currently doing relates to my new site.
It’ll be interesting to see where that goes!
These were my top 5 most popular blog posts in November based on number of views:
How was your November? What’s on the horizon for you with the new year coming? Share in the comments!
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