Seems like I just hit the publish button on my July 2014 Side Income Report, and here it is September already! The months are flying by this year.
This is the report I’ve been wanting to share with you all year long. The report where I finally met my goal of earning $1000.00/month in passive income!
I had reported that July was the biggest month of the year for passive income, and August nearly doubled that! Here’s a sneak peek too, my September report is going to be be nearly double of this report!!
My income continues to be primarily from two different niche sites out of the six sites I’m currently running (not counting PBN sites). That makes me a little nervous, especially since I saw a primary selling keyword for one of those niche sites suddenly drop off of page 1 on Google here in the past week.
One of my newer niche sites is ranking (the niche site duel site), but not climbing as fast as I had hoped, and I’m still waiting for my latest eBay based niche site to start ranking for my primary target search terms. The new Google Sandbox does exist, and let me tell ya, it’s making creating new sites difficult or at the very least a long term venture.
I am seeing revenue from both of these new sites though, which is hopeful.
August Progress and Updates
The majority of my time in August was spent on building out content. I used iWriter for 7 different review articles, and I wrote the remaining content myself.
In the past I was really against using services like iWriter to outsource content, but I’ve found I can really scale my business much better by outsourcing. There is no way I could keep 6 different sites active and updated without hiring writers. Next I’ll be looking at getting a Virtual Assistant. My income level, assuming it stays fairly consistent, is definitely at the level now where I can afford that.
I also continued to develop and grow my Facebook pages. I’ll be honest though, Facebook has really made some drastic changes over the past few months, and page reach is really down. Growing new pages is very difficult unless you have other large pages you can leverage for growth or unless you’re willing to pay for likes and reach. I’m going to start playing around this month with paid promotions and see how it goes. The trick is going to be insuring I can offset that cost with additional income.
I have continued to use FPTraffic to automate my content and monetization posts on my various Facebook pages, and I’ve still found this tool to be well worth the minimal monthly fee in time savings alone. One key advantage, is that FPTraffic offers a link masking option. I didn’t have to use this initially, but started using it here in the past week. Why? Facebook as started to block teespring links in some cases, flagging them as spam. The only way to avoid this is to mask your links. I’m seeing bit.ly and goo.gl links work, but have noticed that users tend to not click on these as much.
But enough babble, on with the numbers!
August Income and Expense Numbers
- Adsense: $208.71 (up $31.70)
- Amazon.com: $857.16 (up $279.46)
- ShareASale: $214.82 (up $214.82)
- Mr. Rebates: $49.02
- Side Income Blogging Services: $130.00
Total Income for August 2014: $1,459.71 (BOOM!)
- Hosting: $60.00
- FPTraffic: $10.00
- iWriter: $98.00
- Fiverr: $5.00 (teespring shirt design)
- BackupBuddy: $60.00
Total Expenses for August 2014: $237.38
Net Income for August 2014: $1,222.33 (+$546.35 from July)
To tell you that I am excited would be an understatement. Setting goals, working hard day after day and finally achieving and surpassing those goals is so rewarding and energizing. I honestly thought reaching $1000/month in passive income this year was a stretch goal, and I exceeded it by the 8th month!
Thank you for all of your support and encouragement, it definitely has been a huge part of my success, along with my great friends in the Mastermind group I’m part of and to Charles Keys who runs Back Roads Living, who is just a great friend and accountability partner. Mostly though, I thank God, who has given me far more than I deserve.
Next stop? $5000.00/month in Passive Income. Think I can do it? I know I can, and it’s the goal staring me in the face on my wall at Side Income Blogging headquarters (aka my office).
How was your month? Have an income report you publish? Share it below in the comments.