My 4 Hour Workweek

I’ve written before about 142+ ways to make money online, but there was no formal ranking involved.  Sometimes when you only have time to do one or two things, you want to “work closest to the money” – in other words, you want to do whatever is going to maximize your earnings (considering both short and long term potential).

With that in mind, I’ve decided to rank various sources of passive income in broad terms, however I will give some examples for each category.  Keep in mind, these rankings are based on my own opinion and experience – feel free to disagree with them in the comments.

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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.

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It’s been awhile since I wrote about the first two deadly sins of entrepreneurship (impatience and indecisiveness) so I figured it was time to address the third part of this series: complacency.

What is complacency? In basic terms, it’s the satisfaction with a current condition or situation.  Feeling content with the way things are.  How is this a sin?  I’ll explain.  The truth is, this may be the deadliest sin of all, depending on who you are and what your goals entail.

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This is going to be one of the shorter posts I write on this blog, but you shouldn’t take this question or topic lightly.  Over the past couple of weeks, I’ve found myself busy with my “real work” (i.e. 9 to 5 job) and enjoying the summer outside of work.  When this happens (this isn’t the first time and won’t be the last), my online work and business tends to suffer.

It’s easy to brush it off and say, “I’ll get to that later” or “I’m not working on anything urgent” but if you really sit down and think about it, your time may be more valuable than you think.  How much is your time really worth?

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June was a great month overall – it appears my “productive” feeling from May actually paid off, although I’m sure the best is yet to come.  Certain areas of my income saw record numbers, while others have declined slightly.  Overall, I think I’m headed in the right direction.

As always, I write these reports to show you that someone who has a full time job and spends a relatively small amount of time outside of work on his online income activities can still achieve a steadily growing stream of passive income.

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As of yesterday, the second Newbie Niche Site Month was over.  I sent out over 40 domains over the course of the past month or so, and hopefully many of you were able to take advantage of it.  Even if you did nothing with the domain ideas, hopefully it sparked some ideas in your mind of product-based niche sites that you can build.

I know people spend a lot of time talking about niche sites online, but as I’ve pointed out before, there may be some of you who have never created one before and don’t know the first thing about where to start.  That’s perfectly okay.  The one thing that people rarely do is hand you actual ideas and URLs for you to run with, but that’s what I’ve done here.  Now, I know it would be better to teach you how to find domains rather than just give them to you, but all of that information is readily available through a simple Google search (and I wrote an article on it awhile back).

As I did last time, I wanted to recap exactly what Newbie Niche Site Month consisted of for those who didn’t receive the e-mails (and yes, I’ll list out all of the domains I sent out).

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It’s been a long time since I’ve done an official niche site duel update (although I track my progress monthly in my income reports), and there’s a good reason for that: My site has acted much like a ship that has sunk to the bottom of the ocean – it’s still there, but it’s not going anywhere.

Foolishly or not (it’s debatable), I’ve still continued to work on the site periodically.  What was once a promising niche site has now become a rehab project.  I expected the ups and downs early in the site’s life due to your standard Google dance, or whatever you want to call it, however I never expected that 9  months later I would still be trying to get the site in motion.

Anyway, let’s do some analysis…

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I ask this question because I know my answer – not too efficiently.  Granted, I’ve done my best to outsource content and put it on “autopilot” but there was still one thing missing: a way to effectively and efficiently implement Amazon affiliate links without having to bounce back and forth between my site and my Amazon.com affiliate account.  Not to mention this wasn’t something I could have a VA do, because I didn’t want them having access to my account.

Let me say one thing up front – this is a product review (for a WordPress plugin), which you know I rarely publish here.  And it’s not for everyone.  But if you build Amazon niche sites or plan to, this is a tool you’re probably going to want to at least read about.

[Note: I'm actually going to be giving away at least one copy of this plugin for free.  The details are at the end of this post, and it'll be really easy to enter (all you have to do is leave a comment!).]

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