My Online Income Report [October 2013]

This is going to be a weird income report, because while this is by far the worst month I’ve had in a long time, I’ve never been more excited about the future.

The fact of the matter is, most of the income I’m going to report here is from sources that I no longer put any time or effort into.  I guess this is passive income in its purest form, however I don’t view that as a good thing.

Wouldn’t you prefer $10,000 that you worked for vs. $100 you didn’t work for? I know I would (assuming it took a reasonable amount of time to earn the $10,000).

Allow me to explain why I’m so excited.

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Why I Hate Coupons

Don’t get me wrong.  Buying something at a discount is almost always a good thing, and that’s basically what a coupon accomplishes.  Coupons on their own really aren’t so bad, but that’s not why I hate them.

For a brief moment, I did think that coupons could play a major role in my life’s overall financial strategy, but I quickly found that I was wrong.

Allow me to explain…

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The 30-Day “Epic” Blog Post Challenge

What I’m about to lay out in this post is my plan to not only build a new blog, but set it up so that it can essentially run on “autopilot” for an entire month.

Beyond that, it’ll be a blogging experiment within the concept of “batching” – a term made popular by Tim Ferris’s “The 4-Hour Workweek,” which I have written about at some length before (back when this blog was brand new, quite awhile ago).

I’ll define it here again, just in case you’re new to it:  Batching is the act of grouping together the performance of identical or similar tasks in order to, as a whole, complete the tasks quicker and more efficiently than if each task was performed separately at different times.

Now, let’s get into some more specifics.

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My Online Income Report [September 2013]

You might have noticed a subtle difference in the title of this post, compared to my past monthly income reports.  Although this blog has typically focused on “passive” sources of income online, I’ve decided that this is the wrong focus, and sends the wrong message.

After all, most of the “passive income” projects I undertake are anything but passive – they require a lot of upfront work, and even when everything is in motion, there’s a lot of effort required to maintain and grow the project. Sadly, I haven’t been putting in enough effort.

That aside, I’m slowly getting into a new form of online income (new for me, that is), which I’ll explain in greater detail below.  It’s 100% non-passive (so I guess that makes it “active?”), but I think there’s solid potential to build a strong income stream with it.

Let’s jump right in…

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Is Freelance Writing Worth Your Time?

I originally started this blog with the concept of “passive income” front and center.  Therefore, I can’t blame you if you think it’s somewhat ironic that I’m looking into freelance writing as a way to supplement my other online income sources.

After all, freelance writing is anything but passive – you are paid as direct compensation for writing that you produce.  If you’re not actively doing any writing, you’re not making any money (okay, so this is basically like any other “normal” job).

So, as I entertain the idea of becoming a freelance writer in some capacity, I need to determine if it’s worth my time.  Let’s figure it out together.

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5 Awesome Online Businesses and WHY They’re So Successful

Due to my recent string of bad earning months, I’ve found myself looking for a new direction to where I want to go with my online business.  Most of my ideas revolve around creating website content (i.e. traditional blogging for a given niche), but I’m open to exploring other options.

This downturn in my online business has led me to research and explore other online businesses that are currently finding a lot of success. I’m not looking to become a copycat of any sort, but I do think that you can look at any successful business and take away at least a few gems of information that can help you build or improve your own business.

So, I present to you, five online businesses that I’ve decided to take a close look at, and really get to the heart of why they’re so successful.

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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.

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