My Blog and Passive Income Experiments Update [October ’10]
It’s sad to see October come to an end, as November brings the day (the 13th) where I officially become a year older. It’s once again time to recap how well I did in my quest for online passive income this past month. October was more of a “passive” month than I would’ve preferred (though isn’t it always?), however there’s a lot on the horizon about which I’m pretty excited.
While I’m certainly not making enough money to quit my day job, I think people generally enjoy reading about others’ success and failure, so I’ve decided to share this information.
Let’s see how October turned out!
October was a good month for my Lending Club account, as I saw my second consecutive month with a rise in overall performance. As of the end of October, I was invested in 68 loans (+3 from September) and my net annualized return was 6.67% (+0.25% from September). As I do each month, let’s see how this stacks up against CDs (certificates of deposit). Due to the 3-year term of most Lending Club notes, I think it makes most sense to compare Lending Club loans to CDs.
Source: Bankrate.com (11/1/10)
As usual, my current interest rate at Lending Club is higher than that of any CD investment. It’s important to keep in mind that Lending Club loans are riskier than these CDs, which have virtually no risk. However, I strongly believe that the additional risk is more than compensated for by the higher rate of return. Here are some other images from my Lending Club account summary that show my performance compared to other Lending Club investors:
I’m currently performing worse than investors who have a similar portfolio to mine (6.67% vs 8.09% shown in the first image above). Compared to ALL investors, however, I’m doing a lot worse (6.67% vs. 9.67% in the third image), and my rate is worse than 79% of all investors. I’ve been investing with Lending Club for nearly 2 years now, and aside from a couple bad loans, the experience has been great.
If you’re interested in trying Lending Club, you can still sign up with this link and get a free $25 just for opening the account (no deposit needed, but you must use that link in order to get the $25). [UPDATE, 11/2/2010: I just received an e-mail from Lending Club today that they are no longer offering a free $25 simply for opening an account. I still highly recommend them though, as an easy source of passive income. You can still deposit a small amount to try it out.] With that money, you can test out investing in a loan (since you can invest in increments as small as $25). I’ve gotten questions about whether Lending Club allows non-US investors – unfortunately at this time, they do not.
Below are alternatives to Lending Club for those outside of the US – please note, I have not done business with these sites, but they were mentioned to me as alternatives to Lending Club. Check them out at your own risk.
Info Barrel Earnings Challenge
I’m embarrassed to say that I did not give this enough attention in October. When you have multiple projects in progress, it’s important to know your priorities: simply put, InfoBarrel was not one of my priorities in October. Even so, I fully intend to keep writing here, as I’m seeing massive potential. I still actively read the InfoBarrel forums, and it’s awesome seeing people who are now making several hundred dollars a month here. Even my own income there is climbing, despite my lack of article writing.
As of the end of October, 105 days into the challenge, I have written 111 articles (+5 from last month), but my average number of articles has dipped to 1.06 per day (-0.37 from last month).
For October, here are my Google Adsense statistics for Info Barrel:
In October, I earned a total of $22.77 for my Info Barrel articles (+$2.89 from September). I didn’t earn anything from Amazon in October (-$2.86 from September) nor did I receive any amount of affiliate sales driven by the author bio box on my articles (-$20 from September). However, my Chitika account is now active and I earned $1.87 (+$1.87 from September).
October InfoBarrel Earnings Summary
- Google Adsense: $22.77
- Amazon Associates: $0.00
- Chitika: $1.87
- Other Affiliate Earnings: $0.00
- Total: $24.64 (-$18.10 from September)
Niche Site Duel
As a part of Pat Flynn’s niche site duel, I created a niche site in September based on P90X, an extreme home fitness routine. During October, I changed my primary keyword and domain by adding an “s” to my keyword “P90X review.” This caused a temporary delay in my Google ranking progress, but it should allow me to get more traffic in the future. Here are the links to my niche site duel updates thus far:
- Niche Site Duel – Update #1: Tackling A Super Competitive Niche
- Niche Site Duel – Update #2: Monetization Strategy (And My Big Mistake)
- Niche Site Duel – Update #3: Earnings, Rank, and Traffic Update
- Niche Site Duel – Update #4: Content Strategy
- Niche Site Duel – Update #5: A Small Change That Will Make a BIG Difference
- Niche Site Duel – Update #6: A Rank, Earnings, and Traffic Roller Coaster
October Niche Site Duel Earnings Summary
- Google Adsense: $17.86
- Amazon Associates: $0.00
- Total: $17.86 (+16.70 from September)
My miscellaneous affiliate earnings improved a bit in October, despite me adding any new passive income streams or actively improving traffic to my current niche sites.
Because these earnings are relatively minor, I don’t think it’s necessary yet for me to go into detail about where each dollar comes from. Some of this comes from niche sites, while others come from affiliate links within this blog. I’m a big fan of affiliate income because you’re really just getting paid for helping people find products and services that they want or need. I’m not an affiliate for any product that I don’t believe in (i.e. I refuse to sell anything shady), so I can feel pretty good about this income.
Affiliate Earnings for October: $335.22 (+43.90 from September)
Note: This excludes income earned from my P90X niche site.
These were my top 5 most popular blog posts in October based on number of views:
I’m not even sure I want to post the results from last month because I’m a little ashamed of them. Anyway, here goes nothing – let’s see how I did with last month’s goals:
1) Write 45 articles for InfoBarrel – FAILED
2) Write 10 pages of eBook – FAILED
3) Write one guest post – COMPLETED (this one isn’t posted yet, but you can see the one I wrote last month)
I’m doing what I can. The only thing to do now is to forget about October and focus on achieving my goals in November. Here are my goals for this month:
1) Write 10 articles for InfoBarrel
2) Post a new challenge on the blog (I’m very excited about this one – it’s a new project I’ve started that I’m excited to share with you)
3) Write one guest post
Until next month, best of luck to you and your passive income experiments!
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