My Passive Income Report [January 2013]
The first month of 2013 is officially in the books, and I must say, this year is off to a great start.
Once again, I beat my earnings record as everything that was doing well in November and December continued into January. I’m excited about all the different projects I have in play right now as I look forward to a big year in 2013.
Without further ado, here’s the January report…
A Brief Overview of January
I was excited to find that January was my best earning month so far because tax season has officially begun and, as usual, I will be quite busy with that.
During this time of year, I usually work 60+ hours a week (which includes Saturdays), leaving very little time for my online business. I’m sure I will get through it just fine though, as I have for the past few years.
Also, I just ordered this Chromebook, which I’m very excited to begin using. The laptop I currently have is great, but it’s still kind of bulky to carry around (it has a 17″ screen). I want something I can easily travel with and work on while I’m sitting in bed, so I think having the Chromebook will add to my overall productivity, especially when my free time is limited over the next few months.
Not only is it small and very lightweight, but it’s completely cloud-based. It won’t completely take the place of my current laptop (and desktop), but it’ll give me more flexibility. If anyone has used a Chromebook before, feel free to leave a comment about it – I’m curious to see what other people think.
Anyway, let’s get to the numbers.
January Income Report
Good news from InfoBarrel – they are working on a system that will allow you to earn money from AdSense without having an AdSense account. In essence, they will share with you a % of the revenue they generate from ads on your articles, similar to the way Squidoo does (except it’ll be much more direct, without a complicated tier/ranking system that Squidoo has). I’m very excited for this development, and can’t wait for it to be implemented.
As for Squidoo, I’ve been hard at work creating new lenses in my spare time. Currently, I am up to 59 lenses. As you may recall, my goal is to create at least 200 lenses this year. I don’t expect to create too many over the next few months, but should have no problem hitting 200 by the end of the year.
Here’s a summary of all my article-related income for January:
- Amazon: $5.56
- Revenue Sharing: $6.31
- Chitika: $0.10
Total Article Writing Income: $11.97
Lending Club, as usual, remains one of my favorite online passive income sources, mainly because (as I’ve said before) I believe it’s my only truly passive income source. If you are unfamiliar with Lending Club, however, you should read my original write-up. I wrote it a long time ago, but it still applies today. Look for an updated guide sometime this month about my investing strategy with Lending Club.
January was a solid month, where my rate held steady. I’m now invested in 155 loans (+2 from December) and my net annualized return is 5.80% (No change from December).
I’m happy with this return even if it is below Lending Club’s advertised average, because it’s a much higher rate than I’d earn in a bank account, CD, or other relatively safe investment. Keep in mind that there is some risk involved (I’ve had a few borrowers default on their loans), but with all of that considered, my rate is still close to 6%.
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. 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).
No movement here, which has been the case over the last several months. I’m basically just letting a handful of sites sit and earn what they can. If at some point the projected annual earnings is less than the cost to renew the domain, I’ll let the domain expire (as I have done with most of my mini-niche sites).
- Amazon: $23.55
- Media.net: $0.00
- Chitika: $0.00
- InfoLinks: $0.00
- Commission Junction: $0.00
- Total: $23.55
Authority Site #1 (Not Revealed)
I learned a somewhat valuable lesson with this site over the past couple of months. If you remember, I originally took down this site because I thought the .ME domain was interfering with the site’s ranking, and thought a .COM domain would work better.
Then, I changed my mind and decided to put all the content back onto the .ME domain. After over a month, I realized I wasn’t receiving a single visit from the search engines, which was extremely odd. Even though Google doesn’t seem to like the site, I would always get at least a few hits per day from Bing/Yahoo.
As it turns out, when I decided to put this site back up on the .ME domain, I forgot to check one critical setting within WordPress:
My site wasn’t being indexed in the search engines because of this setting! Nevertheless, I fixed it, and now I’m receiving traffic again (although it’s a very small amount).
- Media.net: $0.21
Authority Site #2 (Slow Carb Diet Experiments)
There isn’t much to say here as I recently published an update about this site’s earnings and traffic so far. You can read the update here for more information.
- Amazon: $1.62
- Media.net: $3.78
- Total: $5.40
Total Authority Site Earnings: $5.61
Here’s the breakdown for affiliate and other income earned during January. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- Amazon: $0.00
- CashCrate: $480.50 (read my review here)
- ClickBank: $61.15
- Commission Junction: $943.00
- PayDotCom: $0.00
- Ebates: $70.00
- SEOMoz: $25.00 (read my write-up here)
- Market Samurai: $48.50
- TweetAdder: $27.50
- Aweber: $26.94
Total Misc. Affiliate Earnings for January: $1,686.59
Here’s a summary of January’s earnings, organized by project/challenge:
- Article Writing: $11.97
- Amazon & “AdSense” Niche Sites: $23.55
- Authority Websites: $5.61
- Misc. Affiliate Income: $1,686.59
Grand Total for January: $1,727.72 (+$253.74 from December)
For the third straight month, I’ve been above the $1,000 mark, and this is my best month ever so far. It goes without saying that I’m very pleased with it.
I said this last month, but I’m still uncomfortable with the fact that a lot of this income is currently driven by my page that was/is ranking on page 1 of Google for “make money online.” Eventually, I know it won’t be ranking there, and all the income associated with it will take a drastic dip.
It’s okay though. I’m working to improve my other income streams, so hopefully this one page won’t be the source of a large chunk of my income for too long.
Popular Blog Posts
These were my top 5 most popular blog posts in January based on number of views:
How did your January go? Feel free to share in the comments. And until next month, best of luck to you and your passive income projects!
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