My Passive Income Report [December 2012]
Happy New Year everyone! Hopefully you had a nice holiday season and were able to take a much needed break from work – I know I did.
December was another great month for me (not as good as November, but still my second best month ever), and I’m excited to see what 2013 will bring.
There’s a lot to discuss, so let’s get right to it.
A Brief Overview of December
December was a month of rest and relaxation with family, which is why I’m so happy I was still able to pull off a good month.
Much of the success was still due to my page that continues to rank on page 1 for “make money online”. Every few days or so, it seems to fall off page 1 (and onto page 2 or 3), and just when I think it’s all over, it somehow bounces back to page 1. Just so you know, I have not done any further SEO work on the page (no backlinks or anything else), so the ranking movement is all natural.
Also in December, I released my 2013 goals, which (if you read them) you probably noticed are quite short and simple. I’m trying to make 2013 a year where I really narrow my focus, so having only a few goals should help me do that.
December Income Report
As you may remember, I no longer earn money from InfoBarrel (due to probably never having an AdSense account again), but I did give my account away to my sister who is now earning the money from AdSense. If/when she shares some of the earnings with me, I’ll include them here.
As I mentioned in my 2013 goals, Squidoo is where I’ll be posting any new articles I write, and I have big plans to ramp up the number of Squidoo “lenses” (i.e. articles) I write this year. There’s nothing new here, but I want to have something productive I can occupy my time with when I don’t feel like working on my authority sites.
I’m also doing this so that I can diversify my income streams as much as possible.
Here’s a summary of all my article-related income for December:
- Amazon: $9.27
- Chitika: $0.00
Total Article Writing Income: $9.27
Lending Club remains one of my favorite online passive income sources, mainly because (as I’ve said before) I believe it’s my only truly passive income source. If you are unfamiliar with Lending Club, however, you should read my original write-up. I wrote it a long time ago, but it still applies today.
I still haven’t gotten around to writing an updated guide about my investing strategy with Lending Club, but it’ll happen either later this month or in early February. Stay tuned on that one.
December was another good month, despite the fact that my annualized return took a little step back. I had one loan that was almost fully paid off, but the borrower defaulted on their last payment (or they were 120+ days late, which Lending Club “writes off”). If they eventually pay, it’ll still come to me, but for now Lending Club reflects my return as if they won’t ever pay.
I’m now invested in 153 loans (+3 from November) and my net annualized return is 5.80% (-.22% from November).
I posted this image last month, but it’s worth re-posting for anyone who is curious about how Lending Club returns have compared to other common investments (such as corporate bonds or the general stock market). Lending Club has outperformed them both – these are averages though, so obviously some people do better while others do worse.
[Source: Lending Club]
As you can see, my current return (5.80%) is well below the average Lending Club investor, partially due to the fact that I have been conservative and invested in a lot of “safer” loans, which have a lower return. I’m still doing better than if I would’ve invested in the stock market (most likely), with a lot less volatility/risk.
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 (investments can be as small as $25) and become familiar with it. I am an affiliate for Lending Club, so if you have any questions about it, I’d be more than happy to answer them in the comments (or feel free to contact me by e-mail).
I’m still not building any new niche sites, and in fact, I’ve let almost all my niche site domains expire. I’ve kept the ones that still earn enough money to make the domain renewal worthwhile though.
- Amazon: $32.26
- Media.net: $1.26
- Chitika: $0.00
- InfoLinks: $0.60
- Commission Junction: $2.40
- Total: $36.52 (+$9.80 from November)
Authority Site #1 (Not Revealed)
Over the past couple of months, I mentioned that I took down the content from this site (on a .ME domain) and was planning to move it to a newer .COM domain I recently registered, due to concerns that the site or domain had some kind of ranking penalty associated with it.
I changed my mind, and decided to republish the content back on the original domain. I decided it wouldn’t be worth the effort of moving the content to a new domain, which would require me to create a new logo both for the site and for my free eBook that I giveaway to e-mail subscribers.
As is, the site probably has the potential to earn $5-10/month (without me putting additional work into it), which is okay to me. It’s not much money, but it’s still profitable assuming I don’t put time into it.
Eventually, I’ll get back to working on this site to see if I can get the rankings and traffic improved to the point where the site becomes a viable part of my passive income portfolio.
- Media.net: $0.59
Authority Site #2 (Slow Carb Diet Experiments)
No real movement here as I took a break from the site (and diet) during the month of December.
Just recently (early January) I’ve been seeing an uptick in traffic, so hopefully I’ll have more to report in next month’s report. The success of this site is one of my primary 2013 goals, so I’m expecting progress throughout the year.
- Amazon: $0.00
- Total: $0.00
Total Authority Site Earnings: $0.59
Here’s the breakdown for affiliate and other income earned during December. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
- Amazon: $0.00
- CashCrate: $424.55 (read my review here)
- ClickBank: $184.25
- Commission Junction: $672.00
- PayDotCom: $0.00
- Ebates: $55.00
- SEOMoz: $25.00 (read my write-up here)
- Market Samurai: $48.50
- Other Misc.: $18.30
Total Misc. Affiliate Earnings for December: $1,427.60
Here’s a summary of December’s earnings, organized by project/challenge:
- Article Writing: $9.27
- Amazon & “AdSense” Niche Sites: $36.52
- Authority Websites: $0.59
- Misc. Affiliate Income: $1,427.60
Grand Total for December: $1,473.98 (-$132.28 from November)
This is my second time ever cracking the $1,000 mark and it’s happening for the second consecutive month, so I’m very pleased with this past month even though it was a slight decline from November.
While it’s great that my income has been higher lately, I’m still uncomfortable with the fact that a lot of this income is currently driven by my page that was/is ranking on page 1 of Google for “make money online.” The days where the post randomly falls off page 1, I make substantially less than the days where I am on page 1.
It’s a volatile situation that I know won’t last. If I want to consistently stay above the $1,000/month mark (and eventually $2,000+/month), I need to build up my other sources of online income. Otherwise, I will easily fall back to where I was a few months ago.
Popular Blog Posts
These were my top 5 most popular blog posts in December based on number of views:
Once again, happy new year, and I hope you’re feeling refreshed and ready to “crush it” in 2013. How did your December go? Please do share in the comments! And until next month, best of luck to you and your passive income projects.
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