It may be late, but the June income report is finally here!
July has been by far my busiest month in a LONG time (mostly due to the home we just purchased), so unfortunately, it has put a delay on all of my blogging and internet project efforts.
Anyway, June’s income report is done, and surprisingly, it was one of the better months I’ve had in awhile (relatively speaking).
Let’s get to this month’s report…
Taking a Closer Look at My Priorities
After last month’s income report focused on “getting back to basics,” I found myself at a new crossroads in June (and so far in July): taking a look at my priorities. Not just with work, but with life in general.
There are only so many hours in the day, and when you don’t prioritize, you risk wasting time on the things that don’t add value to your life.
There’s a lot that I do online, like running The Daily Interview, where I know I’m creating value, but it’s unclear how much of that value is actually for me. And maybe it is a long term game, where it will be a long time before I actually realize any of that value.
But I have to balance that against everything else going on in my life – work, family, an upcoming wedding, working on my new home, this blog, etc. There’s also something else currently in the works in my life that may change the way I need to prioritize my time. I can’t share the details yet, because it’s not 100% certain (and no, it isn’t a baby).
I’m not exactly sure how it’ll play out - it may very likely be that I will roll The Daily Interview into My 4-Hour Workweek and do less frequent interviews. I have no intention of ever stopping blogging altogether.
Now, let’s get to the income report!
I’m starting to work on building a portfolio for freelance writing/blogging, where I plan to focus on the following topics (in this order):
- Personal Finance
- Internet Marketing
If you or someone you know is looking to hire someone to write a blog post (or several), please get in touch with me.
Freelance Writing Income
Other Article-Related Income:
- Amazon: $0.00
- Revenue Sharing: $0.00
- Revenue Sharing: $4.20
- Amazon: $0.00
Total Writing Income: $4.20
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.
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: 5.92% (-0.31% from the previous month)
- Number of loans: 204 (+4 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.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: 14.73% (+1.84% from the previous month)
- Number of loans: 5 (no change 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 5 loans (vs. 204 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.
Here’s a summary of my niche site earnings:
- Amazon: $10.03
- Media.net: $0.00
- Chitika: $0.00
- InfoLinks: $0.00
- Commission Junction: $0.00
- Total: $10.03
The Daily Interview
The Daily Interview continues to improve with its traffic, but still isn’t making much money yet (which is my fault – I haven’t implemented a way to monetize the traffic). We did hit a key milestone during June – publishing our 100th interview.
One product I may roll out when I have the time is an eBook (perhaps for Kindle) that compiles the 50 or 100 best interviews we’ve published. This would be a pretty nice compilation that I think a lot of people would get value out of, considering it’s not as easy to scroll through the archives.
Also, as I mentioned above, there is a very good chance that I will be rolling The Daily Interview into My 4-Hour Workweek, and publish interviews here (less frequently than “daily” of course). I’d prefer not to, but it may be the only way I’m going to find time to continue doing interviews at all.
Here’s what the site earned last month:
Undisclosed Authority Site
This site is inactive, but continues to earn a bit of money.
- Media.net: $0.92
- Indeed.com: $5.57
- Total: $6.49
Slow Carb Diet Experiments
- Amazon: $2.39
- Media.net: $4.67
- Total: $7.06
Total Authority Site Earnings: $22.35
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.]
Total Misc. Affiliate Earnings: $451.34
Here’s a summary of June’s earnings, organized by category:
- Freelance Writing: $4.20
- Niche Sites: $10.03
- Authority Sites: $22.35
- Misc. Affiliate Income: $451.34
Grand Total for June: $487.92 (+$201.64 from May)
For June, I saw an increase in just about every category, which was nice. I think I can attribute most of this income to the fact that My 4-Hour Workweek received more traffic than usual (from Google). Otherwise, it’s not as if I have been doing much to improve these numbers.
These were my top 5 most popular blog posts in June 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 – May 2014
4) How I Make Money with Lending Club (My Investing Strategy)
5) Is Your Current Success Preventing You From Succeeding as an Entrepreneur?
How did you online business do in June? Leave a comment and let me know!
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My Online Income Report – June 2014