My Passive Income Report [August 2012]
Another month has come and gone, and I’m feeling good. For me, August was a month of focus.
I didn’t allow myself to become distracted by the many “shiny objects” you find in the internet marketing realm. I stuck to my plan and worked primarily on one site – the authority site that will be revealed during September.
Everything else (in terms of income) was pretty stable in August. No big swings in any one area, but I think good things are around the corner for sure (I’m always optimistic, aren’t I?).
Let’s dive right into August.
A Brief Overview of August
The biggest accomplishment in August for me was that I finally took the step toward making my internet business “official” by forming an LLC and getting everything organized. I think this is a crucial step, both practically and psychologically. By setting up a real business, I feel more motivated to succeed. I’d suggest looking into it if you feel you’re ready to take your business to the next level.
Unfortunately in my personal life, tax season is back, with two very big deadlines looming on September 17th and October 15th. These are the deadlines for extended business tax returns and extended individual tax returns, respectively. This means more hours at work and less hours at home, but it’ll be over soon enough.
August Income Report
Another pathetic month at InfoBarrel due to not having an AdSense account. You probably wonder why I even bother mentioning it anymore. Well, by sometime in October, I plan on setting up InfoBarrel with an AdSense account via my new business, which should allow it to start earning again. It’s something I’ve been very patient with, but it’s coming (eventually).
Here’s the minor income that I was able to earn from InfoBarrel in August:
- Chitika: $0.25
- Amazon: $0.00
- Total: $0.25
Even though these earnings aren’t too inspiring, I still highly recommend checking out my original plan to earn passive income with article writing if you’re just starting out trying to make money online. There is definitely money to be made here, and after you’ve been writing for awhile, it adds up.
As you know, I write about Lending Club every month, so I don’t need to recap everything here. If you are unfamiliar with Lending Club, however, you should read my original write-up. As I’ve said many times before, I believe it’s my only truly passive income source.
August brought me my first downturn in a long time, but these types of things are expected over the long term. When you invest in hundreds of small loans (I still only invest $25 per loan), you’re bound to run into a bad one every now and then. The important thing is that good investments far outweigh the bad ones.
I’m now invested in 141 loans (+2 from July) and my net annualized return is a 5.68% (-0.62% from July).
In August, I invested in a couple higher risk loans that looked promising. Both offered greater than an 11% return, and both loan applicants had credit scores in the 750-779 range (which Lending Club verifies for you). Time will tell if these investments are worth the risk.
I’m also able to see how much other outstanding debt they have, their monthly income, and even a description on what the loans will be used for. If you take everything into consideration, you can make a more educated investment choice and hopefully have a greater return over time.
If you’re interested in trying Lending Club, you can sign up with this link and get a free account. If you’re unsure whether this type of investing is right for you, you can deposit a small amount (investments can be as small as $25) and become familiar with it. As always, 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).
Another month has gone by where I’ve done nothing with my micro-niche sites. Oddly enough, I had my second straight month of increased earnings (although it’s fairly minor).
If you find yourself without AdSense, here are the alternatives I’ve written about (the links below are to each of my reviews):
- Amazon: $10.96
- Media.net: $9.38
- Chitika: $0.08
- InfoLinks: $0.47
- Commission Junction: $6.03
- Total: $26.92 (+$3.93 from July)
During July, I wrote a post giving a sneak preview of my two authority sites. This month (September), one of the authority sites will be revealed in full case study format.
We’ll dig into traffic, earnings, content and monetization strategies, and more. This is the next big step for my business, and I’m fully dedicated to it right now.
Authority Site #1 Earnings – August:
- Media.net: $7.36
- Indeed Job Board: $2.49
- Commission Junction: $1.00
- Total: $10.85
Authority Site #2 Earnings – August:
This site still isn’t monetized yet, but because of a few Amazon affiliate links thrown around, there has been minor activity there.
- Amazon: $0.54
- Total: $0.54
Total Authority Site Earnings: $11.39
Other Affiliate Income
Here’s the breakdown for other affiliate income earned during August. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- Amazon: $0.00
- ClickBank: $0.00
- Commission Junction: $276.00
- PayDotCom: $0.00
- Private Advertising: $0.00
- Market Samurai: $0.00
- Other Misc.: $35.30
Total Misc. Affiliate Earnings for August: $311.30
Commission Junction continues to be a winner for me, as I’ve had good luck promoting a few different products/services from there.
Here’s a summary of August’s earnings, organized by project/challenge:
- InfoBarrel Earnings Challenge: $0.25
- Amazon & “AdSense” Niche Sites: $26.92
- Authority Websites: $11.39
- Misc. Affiliate Income: $311.30
Grand Total for August: $349.86 (+$5.29 from July)
Popular Blog Posts
These were my top 5 most popular blog posts in August based on number of views:
What kinds of successes and challenges did you see in August? Share them in the comments! And until next month, best of luck to you and your passive income projects!
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