Online Passive Income and Blog Update [May ’11]

I felt like May was a productive month, even if the results don’t reflect it yet.  For whatever reason, I feel like I’ve been infused with new motivation, going so far as doing some backlinking for my InfoBarrel articles (which is something I haven’t done in a long time).

This month (June), I tried making a deal with myself to do at least 30 minutes of work per day during the week (obviously outside of my 9 to 5 job) which, sadly, is better than what I had been doing in the months prior.  I can usually spend a lot more time doing my “internet work” on the weekends, but it was always during the week where I struggled.

As I said, the results haven’t materialized yet, but I feel they’re on the way.  May was slightly better than April, and I really feel like I’m going to see some nice increases in the months to come.  Let’s dig into May…

[Read my write-up here]

If you’ve been following me for awhile, you pretty much know the drill 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 May, I was invested in 90 loans (+4 from April) and my net annualized return was 7.38% (-0.39% from April).

My performance in May took a slight dip after 6+ months of solid increasing returns.  Despite that, 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 are some images 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.

Keep in mind, Lending Club is currently only open to U.S. residents.  For those of you located in the UK, you can try out Zopa – please note, I have not done business with this site, but it was mentioned to me as an alternative to Lending Club.  Check it out at your own risk.

Info Barrel Earnings Challenge

[Read about the challenge here]

Another month of adding no content, and another month of increased earnings.  I could get used to this. :)  You’ll be surprised to know that I’ll probably be adding some content throughout June (hopefully more than 1 article), as I feel I’ve neglected this source of income for too long.

As of the end of May, I have written 128 articles (same as last month).  Here are my May Google AdSense statistics for Info Barrel:

In May, I earned a total of $85.27 from my Info Barrel articles (+$5.31 from April).

May InfoBarrel Earnings Summary

  • Google Adsense:                 $85.27
  • Amazon Associates:          $0.00
  • Chitika:                                    $4.63
  • Other Affiliate Earnings:   $0.00
  • Total: $89.90 (+$5.83 from April)

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.  I’m still trying to figure out what the deal is with this site from an SEO perspective – it still appears to be sandboxed (thought not deindexed).  I plan on writing a post soon to evaluate what might be wrong with this site.

May Niche Site Duel Earnings Summary

  • Google Adsense: $0.52
  • Chitika: $0.00
  • Amazon Associates:  $1.73
  • Total: $2.25 (+$2.04 from April)

Amazon Niche Site Challenge

[Read about the challenge here]

In November, I launched a challenge where I’m creating 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.  You can read my original post for more detail and you can also read the update I wrote in December.

Earnings were down a bit in May, but I’ve since began to aggressively backlink these sites to see if I can get them to a point where they’re receiving good traffic/earnings.  I think there’s a point with some niche sites where you have to recognize that the earning potential may not be strong, and it’s time to move onto new niche sites.

As far as I’m concerned, as long as the site continues to earn more than $10/year without me having to touch it, it’s worth keeping (because I’ve essentially covered the domain costs).  I believe that’ll be the case with all of the sites I’ve created so far, so I see no problem with keeping them and moving onto newer niche sites.

Also, I’m going to soon be reviewing a premium WordPress plugin that should greatly help anyone who is creating multiple Amazon-based niche website.  Stay tuned for that.

Here are the stats for May:

# of Amazon niche sites: 8

April May
Amazon AdSense Other Total Amazon AdSense Other Total
1 0.02 0.02 0.10 0.10
2 6.05 2.20 8.25 10.56 5.14 15.70
3 0.75 1.25 2.00 0.62 0.62
4 18.09 3.64 21.73
5 1.94 1.94 1.88 1.88
6 3.07 3.07 9.60 0.01 9.61
7
8
$ 24.14 $ 11.62 $    1.25 $  37.01 $ 20.26 $   7.65 $        – $  27.91

Total May Amazon Niche Site Earnings: $27.91 (-$9.10 from April)

My Authority Website

As I detailed here, I’ve started an authority website that I have big plans for.  I’m taking the process very slow and steady, but I’m making progress and foresee good things in the near future.  This month, I don’t have much to say about the site, but I’ll be making this a regular section of my income reports from this point forward.

I have no income to report yet, but just started seeing my first few organic visitors to the site, which is always exciting.  I also got my logo designed by The Logo Company, which I highly recommend.  For $149 (which is a lot cheaper than some of the other big name logo companies out there), you get 5 design concepts (based on information you supply up front) and are allowed unlimited revisions for whatever design you go with.  If none of the first 5 concepts look good to you, you can send them back to the drawing board (literally) for no additional cost.  I felt they provided me with a lot of value, and I’m very happy with the logo I got.

I haven’t hired a writer for the site yet (as I still want to produce most of the initial content myself) but that’s one of the next items on my to-do list for this site.  Hopefully I’ll have a more detailed update of the site’s progress in the near future.

Misc. Affiliate Income

My miscellaneous affiliate income saw a bit of an increase in May.  Here’s the breakdown:

  • Adsense: $5.58
  • Amazon: $0.69
  • ClickBank: $164.91
  • Commission Junction: $0.00
  • PayDotCom: $0.00
  • Private Advertising: $35.00
  • Market Samurai: $200.64
  • Other Misc.: $278.75

Total Affiliate Earnings for May: $685.57 (+$95.88 from April)

Income Summary

Here’s a summary of May’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: $89.90
  • Niche Site Duel (P90X site): $2.25
  • Amazon Niche Site Challenge: $27.91
  • Misc. Affiliate Income: $685.57

Grand Total for May: $805.63 (+$94.65 from April)

I feel pretty good about the progress in May, although I still can’t seem to break that elusive $1,000 mark.  I really believe I’ll get there soon, however, hopefully within the next month or two.

Popular Posts

These were my top 5 most popular blog posts in May based on number of views:

1) The Ultimate Backlink Tracker (Free Tool)

2) Online Passive Income & Blog Update [April ’11]

3) 142+ Ways to Make Money Online

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

5) How My Persistence Turned Into a $12k/Month Online Business

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!

March April
Amazon AdSense CPA Total Amazon AdSense CPA Total
1 25.00 5.60 30.60 0.02 0.02
2 2.89 2.97 5.86 6.05 2.20 8.25
3 13.83 0.68 14.51 0.75 1.25 2.00
4 15.56 9.06 24.62 18.09 3.64 21.73
5 1.23 0.47 1.70 1.94 1.94
6 0.21 1.37 1.58 3.07 3.07
7
8
$ 58.72 $ 20.15 $ – $ 78.87 $ 24.14 $ 11.62 $ 1.25 $ 37.01
Twitter Digg Delicious Stumbleupon Technorati Facebook Email
Connect with Eric Gati on Google+.

37 Responses to “Online Passive Income and Blog Update [May ’11]”

  1. Nice earnings!
    Just a bit of feedback/suggestion:

    I’d be interested in hearing about the details of the PROCESS you are going through with your authority site (not so much the details, such as what it’s about and what is the address, etc.)

    I’ve got an authority site I’ve been working on for about 2 months now, and I haven’t seen but the tiniest trickle of organice traffic (a.k.a. ONE PERSON).

    I’m sure you’ve got plans to write about it, but I’m just expressing my interest.

    Thanks for the post. :)
    Sean recently posted… The State of Things

    [Reply]

    Eric G. Reply:

    Thanks for the suggestion, Sean. I do plan to write more about the process I’m going through, so stay tuned for that. Is there anything in particular you would want me to make sure I cover?

    [Reply]

  2. Hello, I have question for Lending Club: is it open only to U.S. citizen or can you attend also as U.S. company (LLC for example?)
    I love the system, but I’m not US citizen and I still would like to invest there.
    Is there any legal way how to do it (for examply through LLC as written above)?

    [Reply]

    Eric G. Reply:

    To be honest, I’m not sure if they’re open to entities (vs. individuals) investing there. That might be something you’d need to research a bit on their site, and if you can’t find the answer there, I would send an e-mail to their support.

    [Reply]

  3. Hey Eric:

    Nice job on the monthly income for May.

    It can be hard to motivate yourself during the week while working a fulltime job but at least you recognize that and are working to do at least some work during the week.

    I have the same struggles. My kids are involved in sports and we are busy every night of the week except Friday nights, then the kids have tournaments they play in on the weekends. So, lately I am struggling to make time to work on my online business because I am so tired at the end of each day.
    Rick Byrd recently posted… Information Products or Physical Products – That Is The Question!

    [Reply]

    Eric G. Reply:

    Thanks Rick. It’s nice to hear that I’m not the only one struggling with this, and it sounds like you have even more going on than I do. 😛

    I think the key is starting small – instead of doing nothing on some days (which inevitably seems to happen), set a small increment of time for which you will ensure that you do work – even if it’s just 15 minutes/day. That’s what I’m trying to do.

    Best of luck!

    [Reply]

  4. It is always great when the numbers go in the right direction. Excellent results for May.

    I too am trying to reach that elusive $1000 figure for them month.

    Good luck to us both.
    Tiptopcat recently posted… Earnings For May 2011

    [Reply]

    Eric G. Reply:

    Thanks for the comment tiptopcat – hopefully the $1k month will be here soon!

    [Reply]

  5. Hi Eric,

    It’s different for me as far as putting in work on my websites. I actually have more time and feel more motivated to work on backlinking, etc on the weekdays than the weekends. But I’ve tried to set myself one hour a day to write articles. It’s working out so far… just have to make myself do it!

    Great progress on your monthly income. Look forward to your next report!
    Harlan Yee recently posted… Best Alternative For Disposable Wedding Cameras Under 100

    [Reply]

    Eric G. Reply:

    Thanks Harlan! I wonder why it is that you’re more motivated to do backlinking and such during the week – maybe because it’s somewhat mindless and easy to do after a long day of work? 😛 I sometimes feel the same way.

    Anyway, I hope everything is going well with you!

    [Reply]

  6. Nice work, Eric! You are doing great and will hit that $1,000 mark soon. I can’t wait to learn more about your authority website. Really enjoy reading these posts!

    [Reply]

    Eric G. Reply:

    Thanks so much Ian! One of these days, I’d love to read a post from you about how you manage your time. I know you’re a busy guy with your corporate job, yet somehow you find the time to crank out very effective sites, just based on what you’ve shared with your readers. I’d love to know how you make time for it all.

    [Reply]

  7. Great stuff Eric,

    I love your transparency mate, definitely a rare gift.

    If you need any tips on the Amazon side of things just let me know, I know too well the annoyance of trying to break that elusive 1k a month mark, let’s get Amazon earning that alone!
    Alex recently posted… What’s in a Domain Name

    [Reply]

    Eric G. Reply:

    Hey Alex, I appreciate you stopping by to comment! I’m definitely a fan of your blog.

    And yes, it would be nice to get to $1k/month from Amazon alone!

    [Reply]

  8. Nice work! For me, I find I am pretty much useless on weeknights because I’m bagged from being at work. I am soooo not efficient when I do work in the evenings after working a full day at my job.

    Can you try doing 1/2 hr of work in the mornings before work? That way you’re using your best, freshest brain power for yourself…

    [Reply]

    Eric G. Reply:

    I really wish I could do the 1/2 hour of work in the morning, because like you, I’m more efficient earlier in the day vs. at night. Unfortunately, I don’t know if I can get myself to wake up much earlier than I already do, and I usually enjoy spending my mornings drinking coffee, having breakfast, and catching up on the blogs that I follow.

    I’m not sure I can break that routine, but I like the suggestion. Thanks Laura-Jane! :)

    [Reply]

  9. Hey Eric,

    Great to see you closing in on 1k, you’ll be there soon! I love these updates. I know some people have looked down on doing so many things at once, but I find it super interesting/exciting to follow. Keep on crushing it!

    Andrew

    [Reply]

    Eric G. Reply:

    Hey AJ, nice to hear from you! I feel like it’s been a long time since we’ve connected.

    I’m a big fan of posting these kind of updates (mainly because I enjoy reading others’). And yes, I know some probably don’t like the fact that I juggle multiple things while failing to crush any one particular area, but it keeps things interesting for me, and I think it will eventually work out.

    [Reply]

  10. Good month, Eric!

    Completely relate to finding time with a 9-5 and trying to build passive income on the side.

    You’ll hit the $1K mark sooner than you think!
    Learn With Tim recently posted… May 2011 Income Report

    [Reply]

    Eric G. Reply:

    Thanks Tim! I took a look at your May income report and it looks like you have a lot of interesting things going on, especially with real estate. Good luck and keep it going!

    [Reply]

  11. You should be patting yourself on the back for your accomplishments during the month of May! Great work! Thanks for letting us follow your progress!
    Maria Pavel@CNA recently posted… Hiring CNA – HHA – Caregiver – Malibu and Woodland Hills

    [Reply]

    Eric G. Reply:

    Thanks Maria, as always, for the comments!

    [Reply]

  12. Even if May was a little slower, you can think of it like this: some of your works result will only be seen later. Even if it’s only on the attitude aspect of the job, you get a push to do better because you know you can.
    Antonia recently posted… Building a Connection in Hypnosis

    [Reply]

    Eric G. Reply:

    Great point, Antonia! It’s all about working hard now – the results will come later.

    [Reply]

  13. I’m going to try my hand at your Info Barrel Earnings Challenge next month, but I’ll start with maybe one article a day and build up from there. :)
    Dean Saliba recently posted… Using Social Networking within the Small Business Environment

    [Reply]

    Eric G. Reply:

    Sounds good, Dean. Stick with it, and you’ll be pleased with the results and the passive income that’ll start flowing in on a consistent basis.

    [Reply]

  14. Eric,

    Such posts are among my favorite ones and I really enjoyed reading yours as well. Passive income is great and the way you you shared your income sources is also great.

    I am sure you will do better in June,

    Nail
    Nail Yener recently posted… Get Ebook Evolution for 33 off Today and a Special BONUS!!

    [Reply]

    Eric G. Reply:

    Thanks Nail, I appreciate the support!

    [Reply]

  15. So long you’re seeing a progress in your monthly earnings, it’s still an achievement even if it’s below your earning expectation. All you hardwork will surely payoff soon! Goodluck!
    Adrian recently posted… DIY Chicken Shed Plans

    [Reply]

    Eric G. Reply:

    Thanks Adrian!

    [Reply]

  16. Impressive income, do you think the competition might be too much for your niche site?
    Deneil recently posted… I Finally Cooked Rice!

    [Reply]

    Eric G. Reply:

    Probably, but I am still going to try and do what I can to overcome it. :)

    [Reply]

    Deneil Reply:

    I like the way you think.
    Deneil recently posted… Top 5 Travel Blogs July 2011

    [Reply]

  17. Hello, great passive income blog and loving your monthly status updates! I was wondering (sorry if this has already been discussed on the blog) though, as a fellow Illinois resident how you went about being able to continue making income through the Amazon program. I believe it was in April that due to the new tax policy Amazon ended the affiliate program in the state.

    [Reply]

    Eric G. Reply:

    I can’t go into any specifics, but here’s an article that you will probably find helpful:

    http://www.makemoneyontheinternet.com/what-to-do-when-amazon-shuts-down-their-affiliate-program-in-your-state/

    [Reply]

  18. Thanks for your wonderful blog. I really don’t know how to make money online at first but as I explore and explore many blogs, I learn how to. I hope that I become successful someday.
    Ron recently posted… How to Reduce Man Boobs Through Daily Habit

    [Reply]

Trackbacks/Pingbacks

  1. Roundup of Social Lending News – June 11, 2011 - June 11, 2011

    […] My 4-Hour Workweek – Online Passive Income and Blog Update [May '11] […]

Leave a Reply

*

CommentLuv badge

Subscribe to my awesome newsletter and receive The Ultimate Backlink Tracker for free! (Don't worry, I'll respect your privacy.)



The owner of this website, Eric, is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking http://www.my4hrworkweek.com to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com.