Passive income. That’s why this blog was originally created, and it’s the reason I keep up with these income reports even if I’m not too actively engaged in my online business right now.
I’m in an interesting place right now where I’m actually very much involved and interested in my own career, which, as you might imagine, makes it a bit more difficult to run a business on the side. In fact, this may be the first time in my 6-7 year career (post-college) that I’ve felt this way. And I like it.
So, until I once again find a way to balance work and my side business (which I have no intention to give up on), new activity will be pretty light here. In addition to keeping up with my monthly income reports however, I also still plan to interview other internet entrepreneurs, such as the interview I published here earlier this month with Tom Drake.
Let’s get right to the income report.
Freelance Writing Income
None!
Other Article-Related Income:
Squidoo
(Squidoo was actually acquired by HubPages, where all articles will be transferred to, so I’m not sure what the future holds here.)
Amazon: $2.11
Revenue Sharing: $0.00
InfoBarrel
Revenue Sharing: $4.45
Amazon: $0.00
Total Writing Income: $6.56
Lending Club
Lending Club, as I’ve written about many times, is one of my favorite online passive income sources, because I believe it’s my only source of truly passive income. What I mean by this is, once you select your investments (which only takes a few minutes), you sit back and collect the monthly payments which include a repayment of your initial investment + a relatively high rate of interest.
Now that I’m done saving for a house and wedding, I’m going to start getting back into investing some serious money into Lending Club and other similar passive investments online. I’ll be writing more about these in the future, because I believe they can be a strong foundation for any passive income portfolio.
If you’re interested – here’s the strategy I have used to select my investments. It’s pretty simple, as you’ll find.
Here are the statistics for this past month:
Annualized rate of return: 6.09% (+.10% from the previous month)
Number of loans: 209 (+2 from previous month)
If you’re interested in trying Lending Club, you can sign up with this link and get a free account. Investments can be made for as little as $25. 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).
Prosper
Prosper.com is another site where I invest, which is a social lending platform very similar to Lending Club.
Here are the statistics for this past month:
Annualized rate of return: 14.35% (-0.42% from the previous month)
Number of loans: 6 (+1 from the previous month).
It may seem that I’m doing much better here compared to Lending Club, but that’s somewhat misleading. Because I only invest in 6 loans (vs. 209 at Lending Club), and none of them have defaulted, my rate of return % is going to be very high.
I think I still prefer Lending Club to Prosper, only because you have more flexibility in choosing investments, and there is more transparency overall. I don’t think there’s anything wrong with investing on both platforms though; I will continue to do so.
If you’re interested, you can create a Prosper account here.
I haven’t touched these sites in a LONG time, so anything I earn here is a bonus. Eventually, if the cost of the site (i.e. domain renewal) exceeds the annual earnings, I will get rid of them.
Here’s a summary of my niche site earnings:
Amazon: $7.82
Media.net: $7.82
Chitika: $0.00
InfoLinks: $0.00
Commission Junction: $0.00
Total: $15.64
The Daily Interview
Although The Daily Interview still exists, I will now be publishing any new interviews right here on My 4-Hour Workweek.
Here’s what the site earned last month:
Amazon: $0.06
After Offers: $4.50
Total: $4.56
Undisclosed Authority Site
This site is inactive, but continues to earn a bit of money.
Media.net: $2.71
Indeed.com: $0.00
Total: $2.71
Slow Carb Diet Experiments
Amazon: $1.80
Media.net: $1.16
Total: $2.96
Total Authority Site Earnings: $10.23
Here’s the breakdown for affiliate and other income earned during the month. [Note: This income comes from other sites not discussed/listed above, including affiliate sales generated through this blog.]
CashCrate: $85.90 (read my review here)
ClickBank: $23.06 (primarily from sales of Long Tail Pro)
Commission Junction: $134.00
After Offers: $61.00 (read my review here)
Ebates: $9.44
PayDotCom: $0.00
Market Samurai: $48.50 (free trial here)
Aweber: $20.10
Total Misc. Affiliate Earnings: $382.00
Income Summary
Here’s a summary of August’s earnings, organized by category:
Freelance Writing: $6.56
Niche Sites: $15.64
Authority Sites: $10.23
Misc. Affiliate Income: $382.00
Grand Total for August: $414.43 (-$79.75 from July)
Although this total continues to be unimpressive, I’m happy with the fact that this income is 100% passive right now. It’s nice to have a little extra cash flow each month (this amount alone could easily cover my car payment or groceries) to go along with the income I earn from my full-time job.
These were my top 5 most popular blog posts in August based on number of views:
1) 142+ Ways to Make Money Online
2) Is CashCrate Legit? Here’s My CashCrate Review
3) My Online Income Report – July 2014
4) How to Make $2,000 Per Month Writing for InfoBarrel
5) Successfully Balancing an Online Business and a Full-Time Job with Tom Drake [Interview]
How did your online business and online projects perform in August? Leave a comment and let me know!
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My Online Income Report – August 2014
Related posts:
My Online Income Report – July 2014
My Online Income Report – June 2014
My Online Income Report – January 2014