Online Passive Income & Blog Update [April ’11]
April may have been a pretty “status quo” month in terms of earnings, but I think there were a couple accomplishments (namely, the start of my authority website) that aren’t earning me anything right now, but could be very big sources of income in the future.
Although I’d love to sit here and tell you that I’m striving to quit my job in 6 months or make a million dollars in the next 2 years, I believe those things would create false hype. Make no mistake, I will get there – it’s just not going to happen that quickly. Realistically, I want to be the one to show you how it’s possible to earn decent money online while still keeping most of your focus on your “9 to 5” career and your personal life.
We’d all love to earn a six-figure income from home, and it’s going to happen for some of us (and it’s a personal goal for me to do it eventually), but the majority of us are probably going to take a slow and steady approach to building up our online passive income. It’s going to take time, and it’s going to require a lot of hard work, but we have the ability to be patient and not rush ourselves through the process.
Let’s take a look at April…
As always, I like to begin with Lending Club (a peer-to-peer lending site), because I feel it is my only true source of passive income (i.e. once I’m invested, I make money by doing virtually nothing). My decent growth continued through April, at a pace similar to the past several month. As of the end of April, I was invested in 86 loans (+5 from March) and my net annualized return was 7.77% (+0.11% from March).
As usual, 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:
In the images above, you can see that I’m currently performing worse than investors who have a similar portfolio to mine. I generally consider this to be due to random variance (i.e. luck). Over time, I expect my rate to increase and move closer to the average (which it has been doing for several months in a row now).
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.
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
Despite spending literally no time on InfoBarrel in April, my earnings saw a very nice increase. This has truly become passive income for me, and it’s why I still believe writing for these types of sites is one of the best ways to make money online if you’re just starting out.
As of the end of April, I have written 128 articles (same as last month). Here are my April Google AdSense statistics for Info Barrel:
In April, I earned a total of $79.96 from my Info Barrel articles (+$37.39 from March). This is nearly an 88% increase over my March earnings, which I am very happy with.
April InfoBarrel Earnings Summary
- Google Adsense: $79.96
- Amazon Associates: $0.00
- Chitika: $4.11
- Other Affiliate Earnings: $0.00
- Total: $84.07 (+$ 39.22 from March)
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. In an effort to get more visitors to the site, I added a little bit of content to the site and began building a Twitter following for the site usually a pretty interesting tool. As of right now, this site’s Twitter account has over 700 followers. I won’t write about the tool until I have the chance to fully evaluate it and see that’s it’s worth the cost. Nevertheless, my earnings in April were still pathetic.
April Niche Site Duel Earnings Summary
- Google Adsense: $0.00
- Chitika: $0.21
- Amazon Associates: $0.00 (many clicks, no conversions)
- Total: $0.21 (-$0.38 from March)
Amazon Niche Site Challenge
In November, I launched a challenge where I’m creating several niche sites specifically tailored for Amazon’s affiliate program (i.e. selling physical products as an affiliate of Amazon.com), and I’m following the lessons taught in Chris Guthrie’s Niche Profit Course. You can read my original post for more detail and you can also read the update I wrote in December.
Earnings were down in April, and the one thing I can point to is my terrible conversion rate. While my traffic hasn’t been the highest, I find myself getting a fair amount of clicks, but very few sales. My conversion rate for April was an underwhelming 1.28%. I’m not sure why it’s this low, or perhaps this is normal (feel free to share your thoughts in the comments).
Here are the stats for April:
# of Amazon niche sites: 8
|$ 58.72||$ 20.15||$ –||$ 78.87||$ 24.14||$ 11.62||$ 1.25||$ 37.01|
Total April Amazon Niche Site Earnings: $37.01 (-$41.86 from March)
Misc. Affiliate Income
My miscellaneous affiliate income saw a little bit of an increase in April. Here’s the breakdown:
- Adsense: $6.31
- Amazon: $0.74
- ClickBank: $119.53
- Commission Junction: $100.00
- PayDotCom: $0.00
- Private Advertising: $35.00
- Other Misc.: $328.69
Total Affiliate Earnings for April: $589.69 (+$76.91 from March)
Here’s a summary of April’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: $84.07
- Niche Site Duel (P90X site): $0.21
- Amazon Niche Site Challenge: $37.01
- Misc. Affiliate Income: $589.69
Grand Total for April: $710.98 (+$73.89 from March)
This was another month of what I’d consider to be almost purely passive income, as I put in very little work toward these projects. Most of my efforts this month, outside of blogging for My4HWW, were for my new authority site that I will probably write about as part of my monthly income reports starting next month. I’m definitely not at the point yet where I’m earning money or even receiving traffic, but I expect this to be a continuous, ever-growing and evolving project that will eventually become my primary source of online income.
Because this will be my primary focus outside of My4HWW, I’ve removed the “goals” section of this report, as now all goals will pertain to the authority site, and the upcoming goals/milestone targets are detailed in this post.
These were my top 5 most popular blog posts in April based on number of views:
Until next month, best of luck to you and your passive income experiments!
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!