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

InfoBarrel

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.

Lending Club

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).

Niche Sites

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):

Here’s a summary of August’s niche site earnings:
  • Amazon: $10.96
  • Media.net: $9.38
  • Chitika: $0.08
  • InfoLinks: $0.47
  • Commission Junction: $6.03
  • Total: $26.92 (+$3.93 from July)

Authority Sites

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.

Income Summary

Here’s a summary of August’s earnings, organized by project/challenge:

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:

1) AdSense Account Disabled: What the Hell?!

2) 142+ Ways to Make Money Online

3) My Passive Income Report [July 2012]

3) How to Make $2,000 Per Month Writing for InfoBarrel

5) The Ultimate Backlink Tracker (Free Tool)

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!

If you enjoyed this income report, subscribe to the RSS feed (if you haven’t already) so that you don’t miss any future updates. Thanks so much!

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38 Responses to “My Passive Income Report [August 2012]”

  1. Eric, I came to know of your blog from the blog of easyextramoneyonline.com.

    I was able to get insight into a lot of information from your posts. The one on Info Barrel, in particular, has helped me much. As a freelance writer in search of new income streams, I found the post to be of excellent value.

    All the best with your authority site.

    [Reply]

    Eric G. Reply:

    Thanks Sid, and I’m glad you liked the InfoBarrel post. Hopefully it’ll open a new income stream for you.

    [Reply]

  2. Great month, Eric! Maybe your online income is not huge right now but I believe it will skyrocket very fast as your new LLC will motivate you to take it to the next level.
    I’m planning to set up my LLC too. But here in Vietnam the process is a little different from the US.
    I heard from Sunil that he and you are taking part in the challenge 😀 Waiting for the announcement about it.

    [Reply]

    Eric G. Reply:

    Thanks for the comment, Tung. I’m very excited to get the authority site duel started – Sunil is a very worthy opponent, and I know I have a BIG challenge ahead of me if I’m going to take him on. :)

    [Reply]

  3. congratulations Eric. $350 in passive income is $350 you wouldn’t have had!
    Sunil l Expediting Wealth Through Extra Income recently posted… Preview of My New Authority Website, My Progress Update & Future Initiatives

    [Reply]

    Eric G. Reply:

    Very true! It’s still not growing at the pace I would like, but hopefully as I increase traffic on the authority site and begin to monetize it, we’ll see the income start slowly creeping upward…

    [Reply]

  4. Good for you mate! I’d take anything more than the $0 I make lol. I have to move from WordPress but am currently in the process of finding the right person to do the move and design. I think it’s time for CBB to make some passive income. Keep at it mate, you’re inspirational to many. Mr.CBB
    Canadianbudgetbinder recently posted… Taking My Life Back While Getting Fit On A Budget!

    [Reply]

    Eric G. Reply:

    Thanks CBB – just doing what I can. :) Just checked out your site – love the budgeting strategies and your approach to your financial goals.

    [Reply]

    Cristian Stan Reply:

    Hi, CBB! Why would you move from WordPress? It has the best plugins that helps you manage your website and earn money.
    Cristian Stan recently posted… Best Pressure Washer

    [Reply]

  5. Your tenacity in this industry is admirable. Most people would have given up on the idea of replacing income by now, especially after the hits and roller-coasters you have experienced.

    I am curious, has your traffic for this site consistently increased regardless of income?

    [Reply]

    Eric G. Reply:

    Sometimes I wonder why I haven’t given up yet, but what allows me to continue onward is that I enjoy it and don’t rely on it as my main source of income. Perhaps if I DID rely on it, I’d be working a lot harder and making more progress, but right now that’s not the case.

    I’m not sure which site you’re referring to in your question – if you’re talking about my newer authority site, then yes, traffic has been steadily increasing. Because I haven’t monetized the site yet, it isn’t earning much at the moment.

    [Reply]

    Moe Reply:

    I meant this site “my4hourworkweek”. the reason i was asking is because i have followed this site off and on for over a year. I was wondering if the traffic for this site had a direct impact on your income,or if the traffic roller coastered as well, especially with all the Google updates.

    [Reply]

    Eric G. Reply:

    This site’s traffic has been remarkably consistent, increasing slowly over time. I get so much referral and long tail keyword traffic that the Google algorithm updates have had zero impact on traffic.

    Because I don’t do a ton of promotion on this site and there are no ads, income can change a lot from month to month.

  6. Perhaps you’ll get to the point where you can live off of the income that you are making! The important thing is that you are recovering some of those pieces of lost income.

    I know I am struggling with that at the moment, only having iOS apps provide my income at the moment (and not much at that). I am looking towards being able to grow things further .
    Mike recently posted… So I guess you are like me and you have heard a lot about starting an online business while you are…

    [Reply]

    Eric G. Reply:

    Thanks Mike – Yes, one day, it would be nice to live off of these passive income sources. It’s hard work, as you know, but if we stick with it, it’ll pay off.

    [Reply]

    Mike Reply:

    Exactly. It’s always a struggle but I am looking forward to really not a job or care about not having a job. I found out the hard way I despise working for other people and can be stubborn in that. My family at the moment doesn’t seem to grasp that though but that only makes me work harder.
    Mike recently posted… A basic interview with Timothy Ferris on the 4 Hour Work Week. I…

    [Reply]

  7. Keep up the awesome work, Eric! Especially with the authority sites, though you’re not seeing too much substantial income now – the time you’re spending on them now is an investment so you can sit back later when they are successful :)

    Thomas
    Thomas @ Mobile App Tycoon recently posted… My 5 Best Productivity Tips for App Developers

    [Reply]

    Eric G. Reply:

    Thanks for the support, Thomas! Yes, it’s all about working hard now for a future payoff – that’s all we need to remember.

    [Reply]

  8. Hey Eric, will be interesting to hear what your authority sites are about. One thing I just got into is Kindle books and I think it can add a decent amount to your monthly income. My first Kindle book made $200 last month and my 2nd book will be published this week. They are part of a 3 part series that I will eventually turn into content for a membership site once I write the 3rd book. The books are easy to write (even easier if someone else writes it). I plan on having a lot more Kindle books in my portfolio for the future but only books that have quality content. I definitely think you should try Kindle books!
    Harlan Yee recently posted… Cheap LED Camera Light for Canon 7D and DSLR Video

    [Reply]

    Eric G. Reply:

    That’s awesome, Harlan – $200/month for a Kindle ebook is definitely an accomplishment. It does seem like Kindle eBooks are the hottest new craze, much like niche sites were over the past 1-2 years. It’s certainly something I want to try out eventually.

    [Reply]

  9. Not a bad figure. I was planning on thinking about setting up as a business before my earnings tanked. Not really worth it now for me unless things turn around.

    I just posted my monthly report and August wasn’t a bad month for me compared to how it could’ve been.

    Looking forward to finding out about your authority site!
    Joe recently posted… Monthly Round-up: August 2012

    [Reply]

    Eric G. Reply:

    Seems like you are on the right track, Joe – just checked out your earnings report for August and saw you made $750. That’s a hell of a lot better than my month!

    [Reply]

    Joe Reply:

    True but it was a lot higher in the past and I’ve been doing this for years so its not so great in that context.
    Joe recently posted… Time to Start my Email List

    [Reply]

  10. Thanks for sharing your income report here. Congrats for August month income report and i pray to god that you will get more next month.
    firdosh joy recently posted… Ravio to launh “Bad Piggies” after the huge success of “Angry Birds”

    [Reply]

    Eric G. Reply:

    Thank you!

    [Reply]

  11. Hey Eric,

    Just a quick one to say nice blog and I look forward to seeing your progress in the future. While I do very much enjoy following what I would consider to be successful online marketers like Pat at SPI and Sunil at Extra Money Blog, it is incredibly humbling to see guys like yourself that aren’t doing quite so well but are sticking in there knowing it will happen for them one day.

    I too am in this category, only making about £100 p/m from an ‘old style’ niche site I made a couple years back, but I also have a fledgling authority site I’m hoping to shape into something profitable, so again I look forward to seeing your progress and how all this ‘authority’ stuff pans out.

    All the best.

    [Reply]

    Eric G. Reply:

    Thanks Dan – I can only dream of the success that Pat and Sunil have achieved online, but they are very motivating stories that keep the “little guys” like us going.

    Best of luck to you.

    [Reply]

  12. Hey Eric, Love your site and really like how open and transparent you are with your posts. It’s really refreshing. Keep up the good work.
    Greg recently posted… Niche Website Examples: My Niche Websites Revealed

    [Reply]

    Eric G. Reply:

    Thanks Greg! :)

    [Reply]

  13. Eric, great site and thanks for the earnings report. I really appreciate your being open and upfront. I would love to have a conversation with you about niche sites one day. I recently posted an earnings report on my site but I wanted to thank you again for yours.
    Running A Small Business Online recently posted… August Online Earnings Report

    [Reply]

    Eric G. Reply:

    Thank you – feel free to send me an e-mail if you’d like via my Contact page.

    [Reply]

  14. I Am grateful to you for sharing your income report.and i pray for you whatever you have gain the income report that get more income in next month from this income.Thanks again for sharing this informative.
    neha recently posted… Grade 10 – Science and Math Combo

    [Reply]

    Eric G. Reply:

    No problem, and thank you for the comment Neha!

    [Reply]

  15. Woow seems I finally started earning more then the bloggers I’ve read in the past.
    A year ago 500 dollars seemed absolutely impossible to get to.
    Thanks for sharing!
    Cristian Balau recently posted… Video: Protective Hand Taping

    [Reply]

  16. Congratulations mate. I want to check out lending club looks like a nice idea. btw how many miro niche sites do you have? Maybe you can scale it out using virtual assistants this is what we do and have over 200+ sites making $1000 or so a month (currently making more)
    Matt John Canty recently posted… Hiring Chinese Virtual Assistants

    [Reply]

    Eric G. Reply:

    Thanks Matt – although I have 50+ micro niche sites, most are no longer monetized due to losing my AdSense account. I’ve made the decision to shift my focus away from micro niche sites and spend most of my energy on one authority site, where I do most of the work myself. That may change in the future, but right now I am committed to creating a long term, valuable asset.

    [Reply]

  17. I’m digging the CommissionJunction income! What type of affiliates were you selling if you don’t mind revealing via CJ?

    Just by way of background, it took me a snail-paced 13 years to generated about $6,800 in passive income a month (not from online), so I’ve decided to focus on online income after 3 years of blogging.

    Best,

    Sam
    Financial Samurai recently posted… How To Save Money On Cruise Vacations: Lobster Dinners At Filet-O-Fish Prices

    [Reply]

    Eric G. Reply:

    Good to see you stuck with it for so long, Sam, and clearly it’s paying off. For CJ, I work with a variety of affiliate products/services including BlueHost and Hostgator hosting, Lending Club, Groupon, Coupons.com, and others.

    [Reply]

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