Passive Income Report for April, May & June 2013

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Dumb Passive Income
Sculpture outside Cabela’s in Dundee, MI

Welcome to my (Dumb) Passive Income Report! This blog is all about what I am doing to create several different passive income streams. This monthly income report details my results. I work very hard and dedicate many hours each week to working on my different online endeavors in an attempt to create passive income. So why do I consider it passive income then? Because I am not trading specified amounts of time for a predetermined amount of money like I do at my day job. Most of the income you will see in this report results from work I have done in the past.

Why am I sharing my income publicly? Hopefully to gain credibility with you (the readers) and to maintain a certain degree of accountability for myself. I could blog all day long about what I am doing to create passive income online, including some of my unique strategies. But why would anybody trust me and believe that what I am doing works if I don’t prove it by sharing my results? This is what I mean by gaining credibility and this is one of the main purposes for sharing my income. I also share my failures on the blog, which holds me accountable. Knowing that I will be publishing a monthly income report will keep me motivated to keep pushing forward and plugging away on the things I need to do to create future passive income.

Happenings Last 3 Months and Looking Forward

I admit, I haven’t exactly been keeping up with regular posting on this blog for the past 3 months, including these “monthly” income reports. I’ve had myself so engulfed in the other things that I am doing to try to create a good online passive income stream that I kind of put this blog on the back burner. The good news is that traffic to this blog has remained good and consistent despite me having not posted very often in the last 3 months. I totally attribute this to the fact that I’ve successfully implemented my keyword research for blogging strategy for many of the posts on this site. Check out one of my more recent posts for detailed proof that keyword research for blogging really works. Here is a screenshot from my Google Analytics showing unique visitors to this site from Jan 01, 2013 to July 17, 2013. Traffic is actually increasing slightly, as I usually get between 60 and 100 unique visitors each day.

Dumb Passive Income - Unique Visitors Jan 2013 thru July 2013

 

In my most recent income report (for March), I highlighted many of the tools I had recently purchased with some of the profits that I have earned online. Most of these were purchased for use on the “pay off credit card” site that I was working on. I’ve since put that site on hold due to poor traffic numbers and lack of motivation and effort by me. But I want to update and include that list of tools again, in this income report, to show how I am using them now.

  • Aweber – to manage my e-mail lists and e-mail marketing campaigns
  • Welcome Gate (FREE!) – to create a lead capture page like this for ONLY first time visitors to a home page
  • LeadPages – to easily create beautiful pages like this landing page I recently made to promote my separate Lending Club e-mail list
  • Opt-In Skin – easily create and place opt-in forms on a WordPress site, like the ones you see in the sidebar of this site to promote the Dumb Passive Income mailing list and also the Lending Club mailing list (notice how the Lending Club one stays on the screen as you scroll down).
  • Genesis framework and Generate theme (installed on payoffcreditcard.net) and Eleven40 theme (current theme on this site) – finally using paid WordPress themes for most of my sites and loving them!

Here are a couple of other tools I’ve obtained within the last year that are helping my business immensely:

Last Lending Club Update in These Income Reports

In the overall scope of all of my income derived from my online efforts, the interest I receive from my Lending Club investments is becoming less and less significant. This is NOT because my Lending Club investments are underperforming. It’s simply because my other income sources are increasing more and more. I am still very pleased with the performance of my Lending Club notes and I continue to re-invest my profits each month. I will include my Lending Club income in this report one last time, but starting next month I will no longer record it in these income reports.

Formerly, in these income reports, I dedicated an entire section to exactly how my Lending Club notes were performing and how I re-invested the profits. I understand that a good percentage of my audience on this blog is interested in and searching for more information on Lending Club. I do not wish to alienate this group by excluding my Lending Club stuff from my income reports. Instead, I have started a totally separate e-mail list just for people who would like to stay up to date and get exclusive information from me about Lending Club. People who sign up for this e-mail list will still get monthly reports from me on how my Lending Club investments are performing (delivered by e-mail).

Want to make your money work for you with good return rates by investing in notes at Lending Club like I do?

 Sign up for an investing account at Lending Club today!

– OR –

Go here to sign up for my exclusive Lending Club mailing list.

Passive Income and Expenses – April 2013

Income

Affiliate Income from Dumb Passive Income

Other Income from Niche Sites, Old Blog, Article Writing…

  • $31.60 – Google Adsense
  • $0 – Yahoo! Voices for articles I wrote a long time ago
  • $70.00 – Sponsored post on my old money blog via Budgeting in the Fun Stuff

Lending Club

Expenses

Hosting and Domains

Tools and Plugins

  • $12.00 – Long Tail Platinum monthly fee (if you have Long Tail Pro – upgrade to Platinum here)
  • $19.00  – Aweber monthly fee for e-mail list management (first month trial only $1)

Outsourcing

  • $48.89 – Odesk for article writing for niche sites
  • $17.50 – Budgeting in the Fun Stuff fee (25%) for handling my advertising/sponsored posts on my old money blog

Lending Club Expenses

  • $0.57 – Service fees
  • $23.95 – Charged off loan (my first Lending Club default note)

Passive Income and Expenses – May 2013

Income

Affiliate Income from Dumb Passive Income

Other Income from Niche Sites, Old Blog, Article Writing…

  • $64.49 – Google Adsense
  • $0 – Yahoo! Voices for articles I wrote a long time ago
  • $100.00 – Sponsored post on my old money blog via Budgeting in the Fun Stuff

Lending Club

Expenses

Hosting and Domains

Tools, Plugins and Themes

  • $12.00 – Long Tail Platinum monthly fee (if you have Long Tail Pro – upgrade to Platinum here)
  • $19.00  – Aweber monthly fee for e-mail list management (first month trial only $1)
  • $4.90 – ManageWP monthly fee for WordPress multiple site management program
  • $31.00 – SocialADR fee for social bookmarking for my niche sites
  • $18.71 – Eleven40 Theme – child theme for Genesis (as seen on THIS site now as of this post date)

Outsourcing

  • $102.22 – Odesk for article writing for niche sites
  • $25.00- Budgeting in the Fun Stuff fee (25%) for handling my advertising/sponsored posts on my old money blog
  • $10.00 – Fiverr gigs

Lending Club Expenses

  • $0.41 – Service fees

Passive Income and Expenses – June 2013

Income

Affiliate Income from Dumb Passive Income

Other Income from Niche Sites, Old Blog, Article Writing…

  • $56.90 – Google Adsense
  • $6.28 – Yahoo! Voices for articles I wrote a long time ago
  • $85.00 – Sponsored post on my old money blog via Budgeting in the Fun Stuff
  • $125.00 – Sponsored post on my old money blog – private deal

Lending Club

Expenses

Hosting and Domains

Tools, Plugins and Themes

  • $12.00 – Long Tail Platinum monthly fee (if you have Long Tail Pro – upgrade to Platinum here)
  • $19.00  – Aweber monthly fee for e-mail list management (first month trial only $1)
  • $4.90 – ManageWP monthly fee for WordPress multiple site management program
  • $14.00 – SocialADR fee for social bookmarking for my niche sites

[ois skin=”SocialADR 20% Below posts”]

Outsourcing

  • $0 – Odesk for article writing for niche sites
  • $35.00 to my private writer for article writing for niche sites
  • $21.25- Budgeting in the Fun Stuff fee (25%) for handling my advertising/sponsored posts on my old money blog

Lending Club Expenses

  • $0.39 – Service fees

Other Expenses

  • $5.18 – PayPal fees for private sponsored post deal on old money blog

Totals and Thoughts

Total income $180.85 minus total expenses $181.73 equals a net loss of $0.88 for April 2013.

Total income $360.11 minus total expenses $233.19 equals a net profit of $126.92 for May 2013!

Total income $419.05 minus total expenses $224.55 equals a net profit of $194.50 for June 2013!

I am pleased with my progression and increase in income. As you can see, my expenses have also gone up. Not to worry though, because I consider most of these expenses as a reinvestment in my business. I am planting seeds which will further increase my passive income streams in the future. Outsourcing article writing for my niche sites has created one expense that I am thrilled to pay. This is making a huge difference in the amount of work that I am able to get done in my limited time that I have to work on my online ventures. Instead of spending time writing articles, I am now able to focus more time on research, design and even dabbling in some backlinking strategies that I never had time to mess with before. These backlinking strategies just might be what causes me to have even more success with my niche sites in the future. This is the plan anyway, and I am confident that it will lead to better and even more exciting income reports in the future.

Thank You!

Thank You for taking the time to read through my latest income report and Thank You for contributing  if you have previously purchased something through one of my affiliate links! If you wish to support this site, but don’t have a need for any of my affiliate products, you could simply do your regular Amazon shopping through any of the links on this site that lead to Amazon.com. You won’t pay any extra and I will receive a small commission. Thanks so much if you do so!

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

Many of the links within this income report are indeed affiliate links. I will receive a commission if you choose to purchase after clicking through via any of these links. Thank You if you do! To your success and mine – may we all be profitable online. Good Day!