Online Passive Income and Blog Update [July ’11]
It’s always exciting to write these income reports each month because I don’t track my income on a daily basis – generally, I don’t have a good sense for how well I’m doing in a particular month until it ends and I write my monthly income report. There are certain things I check on a regular basis (AdSense and Amazon to be specific), but even if those things are performing well, it doesn’t necessarily say much about my other income sources.
With that said, the surprises aren’t always pleasant. July was a “down” month, but in many ways, I saw very positive trends.
If you’ve been following me for awhile, you pretty much know the deal with Lending Club. It’s a peer-to-peer lending site that I feel is my only true source of passive income (i.e. once I’m invested, I make money by doing virtually nothing). As of the end of July, I was invested in 96 loans (+4 from June) and my net annualized return was 7.07% (+0.10% from June).
As I always point out, my current interest rate at Lending Club far exceeds that of any type of “safe” investment like money market bank accounts and CDs (certificates of deposit). It’s important to keep in mind that Lending Club loans are riskier than these other types of investments. However, I strongly believe that the additional risk is more than compensated for by the higher rate of return.
Here’s an image from my Lending Club account summary that show my performance compared to other Lending Club investors:
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 (loans can go as small as $25) and become familiar with it.
To me, trying something like this and investing a small portion of your money is a no brainer. You’re going to get higher returns than a bank account, and although it locks up your money for a period of time (you are generally paid back over 3 years), it’s well worth the ability to have your money earn you money, with virtually no effort on your part.
Info Barrel Earnings Challenge
July was a pretty stable month for Info Barrel – I didn’t write any new articles, and my earnings didn’t change much. The nice bonus this month were the additional earnings from Amazon, which I typically haven’t seen much of from my Info Barrel articles.
As of the end of July, I have written 130 articles (+0 from last month). Here are my July Google AdSense statistics for Info Barrel:
In July, I earned a total of $60.02 from my Info Barrel articles (-$3.42 from June).
July InfoBarrel Earnings Summary
- Google Adsense: $60.02
- Amazon Associates: $14.27
- Chitika: $2.50
- Other Affiliate Earnings: $0.00
- Total: $76.79 (+$11.79 from June)
If you want to add InfoBarrel to your passive income portfolio, you can sign up for it here.
Niche Site Duel
As a part of Pat Flynn’s niche site duel, I created a niche site last September based on P90X, an extreme home fitness routine. It’s crazy to think that I started this site over a year ago. While it’s tempting to label it a failure, I’m still not giving up. I had a taste of awesome rankings and earnings for a short period once, so I still hope I can one day reach that level again. And although it’s still very minor, I’ve seen my earnings increase for the third straight month.
July Niche Site Duel Earnings Summary
- Google Adsense: $0.00
- Chitika: $0.21
- Amazon Associates: $7.84
- Total: $8.05 (+$3.21 from June)
Amazon Niche Site Challenge
Last November, I launched a challenge where I planned to create several niche sites specifically tailored for Amazon’s affiliate program (i.e. selling physical products as an affiliate of Amazon.com), and I’m following the lessons taught in Chris Guthrie’s Niche Profit Course.
Just as I did last month, I saw record earnings once again. Most of this can be attributed to one of my sites that has finally taken off, but it’s a good example of why you need to be patient sometimes.
Also similar to last month, I’ve added some sites to my portfolio, and these have been mostly hands off as I am outsourcing both content and SEO. Some of my new sites will be more AdSense focused, but I will continue to monetize with both Amazon and AdSense, with some other occasional affiliate programs. Only time will tell if these heavily outsourced niche sites will be profitable, but I’m willing to take my chances.
For my new sites, I will be using a new Amazon plugin that I reviewed here.
Here are the stats for July:
# of Amazon niche sites: 16 (+6 from June)
Total July Amazon Niche Site Earnings: $169.00 (+$58.20 from June)
My Authority Website
As I detailed here, I’ve started an authority website that I have big plans for. The progress is slow (I’m adding about 1 post per week so far), but the site is shaping up nicely and I’m seeing modest traffic (~50 visits in the past week). No income yet, but I’m not in this for a quick buck – I’m planning on building a long-term asset that will one day provide massive value for not only me, but readers as well. Stay tuned…
Misc. Affiliate Income
This was really the only negative part of my month, and there’s no real rhyme or reason to it. Some months you just don’t earn as much. :/ Here’s the breakdown for July:
- Adsense: $3.70
- Amazon: $2.76
- ClickBank: $114.40
- Commission Junction: $227.40
- PayDotCom: $0.00
- Private Advertising: $35.00
- Market Samurai: $0.00
- Other Misc.: $101.80
Total Misc. Affiliate Earnings for July: $485.06 (-$236.36 from June)
Here’s a summary of June’s earnings. Instead of summarizing it by source (i.e. AdSense, Amazon, etc.), I’m going to summarize by project/challenge, which I think makes a bit more sense.
- InfoBarrel Earnings Challenge: $76.79
- Niche Site Duel (P90X site): $8.05
- Amazon Niche Site Challenge: $169.00
- Misc. Affiliate Income: $485.06
Grand Total for June: $738.90 (-$163.16 from June)
While it is disappointing to have a down month in earnings, it’s important to keep in my that, aside from the misc. affiliate earnings, everything else saw an increase last month. I continue to build niche sites and continue to add to my authority site, and I know this work will eventually pay off.
These were my top 5 most popular blog posts in July based on number of views:
Until next month, best of luck to you and your passive income projects!
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