Income Report – August 2012

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Welcome to my 2nd ever income report here on my Dumb Passive Income blog. First off, let me admit right up front that this one is not going to wow you or impress you. In fact, I don’t really even want to publish this one because it is kind of embarrassing. But, I’ve made the decision to be committed to publishing these things each and every month. As mentioned in my first ever income report (last month) I am publishing these for a couple of reasons. Partly to keep me motivated to earn some money online so I don’t have to publish embarrassing reports. But mostly to show others exactly how this internet marketing thing works for somebody like me who does this on a very part-time basis. My early income reports will serve as proof that overnight riches are the exception, not the rule, when it comes to making money online. Eventually, they will serve as proof that a good passive income stream can be created by implementing various internet marketing or investing strategies online.

Where Does My Article Income Come From?

My very first attempt at trying to make money online came in early 2010. I had no idea what a blog was at the time. I actually went to Google and typed in the search term, “make money online.” My initial research led me to article writing. I signed up at a site called Associated Content (later bought by Yahoo and now called Yahoo Voices). It was pretty easy. I just wrote and published articles with the promise to be paid $1.50 for every 1,000 page views. How easy is that? I was going to get rich! Well, I didn’t get rich. It took a few months to even reach my first 1,000 page views. Overall, I ended up publishing 32 pieces of content. Most of my content didn’t get very many page views at all, but one article has consistently gotten good traffic. That one article has climbed up to the #1 spot in google for the search term, “how to kill a raccoon.” Keep in mind, I had no idea what a keyword was back then and wasn’t purposely targeting anything. I was just writing a How To article for something I knew about and thought others could benefit from. My article, How To Kill a Raccoon Without Confronting It, now accounts for most of my average of about 100 page views per day from all of my published content. As of the past couple of months, I am now earning 5 or 6 bucks per month in residual (passive) income from page views generated at Yahoo Voices. 32 articles, mostly written in 2010 (a few in 2011) and I am now earning a small passive monthly income by doing absolutely nothing. Imagine if I had just kept writing an article or two per week for the past two and a half years for Yahoo Voices! Here is a screenshot from my dashboard over at Yahoo Voices (the Total Payments shows as $0.00 because I have already been paid for August).

Income and Expenses – August 2012

Ready for a good laugh? I’m sure that sometime in the future, I myself will come back and look at these income reports and get a bit of a chuckle. (Hello future me! I hope you are wildly successful now and enjoying a trip down memory lane when you were just figuring out how to make this online income thing work.) Although the income report overall isn’t very impressive, I did have a few breakthroughs.

I am finally making some affiliate commissions! The one that excites me the most is my very first HostGator (affiliate link) sign-up. Thank You to whomever signed up via one of the HostGator links on my site! That will be worth a $50 commission as soon as that customer reaches the $100 threshold. If they are paying only $9.95/month like me, I won’t be paid for 10 or 11 months – but that’s OK. It is exciting for me nonetheless. I didn’t include this commission in this months report because there is a chance I will never get paid for it (if the customer cancels, defaults, etc.)

Here is how the rest of my income and expenses break down for August 2012…

Income

Google Adsense

  • $6.07 almost entirely from Niche Site #1

Article Writing

  • $5.77 from Yahoo Contributor Network for page views on published articles from last month

Affiliate Income

  • $3.28 from Amazon Associates for sales commissions

Expenses

Tithing/Charitable Giving

  • $0.00 – After expenses I have negative income this month. Sorry God and charities. Maybe next month.

Hosting

  • $9.95 to HostGator (Affiliate link) for hosting on this site and all of my niche sites
  • $5.99 to GoDaddy for a hosting product that I forgot to cancel and automatically renewed itself (DUMB!)

Total Income ($15.12) minus Total Expenses ($15.94) equals a net loss of $0.82

I realize that my lack of income gives me very little credibility at this point. Perhaps some who see this will think that I’m an idiot and won’t even come back to my blog. I am confident though that I am on the brink of really turning the corner and producing good, consistent and eventually passive monthly income. Who knows – I might even hit two figures next month! Haha. With a little luck, I could get up towards three figures. We’ll see!

Until then, remember that there are several dumb ways to create passive income online, but only one site that is blogging about it! Dumb Passive Income… dot com.

-Matt