Online Passive Income and Blog Update [September ’11]
September flew by! It feels like just a week ago, I was writing about August. What are the chances there’s ever a month where you find yourself saying, “this month felt like forever…”? Seems unlikely.
September wasn’t anything spectacular as far as earnings go, but there are a few things I’ve tweaked and changed, which I’ll explain in this post.
Let’s get into it…
What’s New With Me?
There actually wasn’t too much new in September, but I wanted to take a moment to write about a new plan I have for October. I’ll be honest, I’ve been slacking a lot lately when it comes to both my personal fitness and my online productivity. It isn’t simply because I’m lazy – I work all day and mostly enjoy what I do, and I like to come home, relax, and watch TV with my girlfriend. Cooking has also become a new passion of mine.
The point is, it doesn’t leave a lot of time for other things, and that bothers me sometimes. So, I came up with a partial solution, inspired by The Best Procrastination Tip recently featured in my post, 5 Posts That Will Definitely Motivate You.
The tip is this: Each day, I must do one thing fitness related and one thing online business/internet marketing related, no matter how large or small. This could mean running 10 miles and creating an entire niche site from start to finish….or…doing 15 push-ups and writing a blog post. It doesn’t matter, as long as I’m doing something. What do you think of that? (You can answer in the comments.)
Okay, now back to our regularly scheduled monthly update…
If you’ve been following my blog for awhile, you 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 September, I was invested in 101 loans (+3 from August) and my net annualized return was 7.25% (+0.05% from August).
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). Remember, however, that Lending Club loans are riskier than these other types of investments. I do strongly believe that the additional risk is more than compensated for by the higher rate of return. I’ve been with Lending Club for over 2 and half years now, and have consistently seen returns greater than 7%.
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
September was a down month for InfoBarrel, but as I’ve come to realize, this is going to fluctuate month to month. Considering I haven’t been adding any articles, any increase or decrease in earnings for a given month is purely due to the traffic generated by the same articles. While this isn’t all that exciting, it’s nice to see that this has really become a pure passive income source for me now.
As of the end of September, I have written 130 articles (+0 from last month). Here are my September Google AdSense statistics for Info Barrel:
In September, I earned a total of $60.10 via AdSense, from my Info Barrel articles (-$18.92 from August).
September InfoBarrel Earnings Summary
- Google Adsense: $60.10
- Amazon Associates: $0.00
- Chitika: $1.44
- Other Affiliate Earnings: $0.00
- Total: $61.54 (-$21.91 from August)
If you want to add InfoBarrel to your passive income portfolio, you can sign up for it here.
Niche Site Duel
Unfortunately, I’ve decided to give up on my niche site duel website (the P90X review site). Maybe I’ll write a future post going into more detail on this decision, but there comes a time when you have to cut your losses and give up. It’s been a year and this site has been remarkably slow to progress. There are several theories I had, but ultimately, I won’t know why exactly it failed.
I’ll still keep the site running, but won’t pay any attention to it. Any money I earn from it will be displayed as part of the misc. income section below, starting with this month.
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.
After three straight months of record earnings, I saw a decrease in earnings for September. I’m not sure why, but I would expect that with the holiday season around the corner, earnings should be picking back up soon. If you’re thinking about starting an Amazon niche site, do it now so that it’s complete and ranking by the time the holiday shopping season gets into full swing (your window to do this is closing!).
Here are the stats for September:
# of Amazon niche sites: 16 (same as August)
Total September Amazon Niche Site Earnings: $107.64 (-$107.30 from August)
My Authority Website
As I detailed here, I’ve started an authority website that I have big plans for. The site saw a decent increase in earnings this past month, but it’s still nowhere near what I’d like it to be. I’m not at the point yet where I’m ready to share the details of this site, but don’t worry, it’s coming eventually.
Here’s what the site earned in September:
- Google Adsense: $13.04
- Other (to be disclosed later): $3.24
- Total: $16.28 (+$8.99 from August)
Misc. Affiliate Income
This area increased for a second straight month! As usual, there’s no real explanation, as all of this comes from work that I did a long time ago (I didn’t build or write anything new that would add to these income sources). Here’s the breakdown for September:
- Adsense: $8.53
- Amazon: $0.00
- ClickBank: $123.83
- Commission Junction: $300.00
- PayDotCom: $3.00
- Private Advertising: $35.00
- Market Samurai: $149.00
- P90X Blog: $2.45
- Other Misc.: $27.50
Total Misc. Affiliate Earnings for September: $649.31 (+$42.66 from August)
Here’s a summary of September’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: $61.54
- Amazon Niche Site Challenge: $107.64
- My Authority Website: $16.28
- Misc. Affiliate Income: $649.31
Grand Total for September: $834.77 (-$79.31 from August)
Although this month saw a decline in earnings, I’m still pretty happy with the result. Knowing that most of this was truly passive income reminds me of the power of putting in hard work now to reap the benefits later. A lot of this income comes from work I did almost a year ago (or more), which is really amazing when you think about it.
These were my top 5 most popular blog posts in September based on number of views:
Until next month, best of luck to you and your passive income projects!
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