My Blog and Passive Income Experiments Update [September ’10]
Goodbye September, hello October. It’s once again time to recap how well I did in my quest for online passive income this past month. September was yet again another busy month for me at my “real job,” but I still managed to cross some important things off of my to-do list.
In case you haven’t been following this blog for long, I originally focused my monthly reports on my passive income income status only, but I’ve broadened the scope to include anything related to this blog. 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 what September looked like.
After a downturn in August, September looked a bit better as I saw a rise in my overall performance. As of the end of September, I was invested in 65 loans (+2 from August) and my net annualized return was 6.42% (+0.29% from August). 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 (10/4/10)
As usual, my current interest rate at Lending Club is quite a bit higher than that of any CD investment. It’s important to keep in mind that Lending Club loans are certainly more risky 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 (6.42% vs 7.79% shown in the first image above). Compared to ALL investors, however, I’m doing a lot worse (6.42% vs. 9.66% in the third image), and my rate is worse than 81% of all investors. I’ve been investing with Lending Club for almost 2 years now, and aside from a couple bad loans, the experience has been great.
For those who are still skeptical, I caught this video that was on CBS news in Washington, D.C. It’s a quick story about both a borrower and a lender’s experiences using Lending Club:
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). 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.
Info Barrel Earnings Challenge
I’m beginning to settle in at a more comfortable pace of writing 1-2 articles per day. I think as long as I have a “9 to 5” job and other projects going on, this is the best I’ll be able to do, and I’m fine with that. As of the end of September, 74 days into the challenge, I have written 106 articles (+29 from last month), but my average number of articles has dipped to 1.43 per day (-0.32 from last month).
For September, here are my Google Adsense statistics for Info Barrel:
In September, I earned a total of $19.88 for my Info Barrel articles (+$8.24 from August). Fortunately for me, the earnings didn’t end there! I also earned $2.86 from Amazon (+$2.86 from August) and $20 from affiliate sales driven by the author bio box on one of my articles (+$20 from August).
September InfoBarrel Earnings Summary
- Google Adsense: $19.88
- Amazon Associates: $2.86
- Other Affiliate Earnings: $20.00
- Total: $42.74 (+$31.10 from August)
Niche Site Duel
One exciting addition to my list of projects was my decision to join Pat Flynn’s niche site duel. In short, I decided to create a niche site based on P90X, an extreme home fitness routine. 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
September Niche Site Duel Earnings Summary
- Google Adsense: $0.96
- Amazon Associates: $0.20
- Total: $1.16
The earnings aren’t impressive (yet!), but I’m quickly moving my way up Google’s ranks. As of my last rank update, I was ranked #15 on Google for my primary keyword (“p90x review”). The best is yet to come.
My miscellaneous affiliate earnings took a little bit of a dip this past month, but I’m not concerned.
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 September: $291.32 (-$60.19 from August)
These were my top 5 most popular blog posts in September based on number of views:
I decided last month that part of the reason I’ve been quite unproductive from an online passive income perspective is that my goals were very broad and long-term. Therefore, I decided I’m going to set simple, achievable monthly goals within my monthly reports. First, let’s see how I did with last month’s goals:
1) Write 45 articles for InfoBarrel – FAILED
2) Finish creating other niche blog (this one’s in a super competitive niche, and I’ll hopefully reveal this by the end of the month) – COMPLETED
3) Write 5 pages of eBook – COMPLETED
4) Write one guest post – COMPLETED (It’s hasn’t been posted yet though.)
5) Get the Motivation Vault up and running – COMPLETED
I guess 4 out of 5 isn’t too bad. Here are my goals for this month (yes, they are similar to last month’s):
1) Write 45 articles for InfoBarrel
2) Write 10 pages of eBook
3) Write one guest post
Until next month, best of luck to you and your passive income experiments!
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