Sometimes things just get ahead of you. This income report is quite late and I have only myself to blame for it! I have been prioritising my Niche Sites above this blog (rightly I think). However late it is, my intention is to still keep writing income reports here.
I believe they are still useful for you, my readers, so that you can see what works and what doesn’t. I also think its great to keep myself accountable. However writing these up takes a fair amount of time. So I am going to strip these down to the bare minimum, freeing up time to generate more income.
Here’s the summary for July 2016:
- Traffic (page views) are up 17%, revenue is down 9%, and profits down 10% at $723.65
- Some new content added, extra traffic is from a mix of SEO and Reddit advertising.
- Niche Site 3 launched, in addition to Niche Site 2 launched in June.
Goal Achievement Check
The goals for July 2016 were:
- Write one long high-quality post for Niche Site 1 – DONE
- Write one long high-quality post for PassiveIncomeIdeas.Online – DONE
- Break through $1000 revenue per month – FAILED
- Profit growth over-proportional to traffic growth – FAILED
I wrote a detailed post on Niche Site 1 after a gap of 2 months. I also wrote a detailed guide to setting up your own money-making blog. As you can see from my earnings, the best thing I have done in my online marketing ventures is to start with the right tools. Check out the tools I use to make money online.
Total & Net Income from all Sites
All the income in July came from Niche Site 1.
I am not happy about the fact that revenue and profit are down even though traffic went up. But I guess this is the nature of the game.
23 hours in total, but the bulk of it has been spent on building up 2 websites from scratch. I expect this to start making returns in 6-12 months time.
Niche Site 1
Niche Site 1 – Affiliate Marketing Income and expense breakdown
|Amazon Affiliates (US, UK, DE, FR, CA)||+$793.91|
|Hosting, Domain & Ad Expenses (Monthly)||-$70.26|
RPM as defined by Google is:
RPM = (Estimated earnings / Number of page views) * 1000
My revenue was 793.91. I had 11,787 page views in May. So the RPM for June was $67.35
Net Profit was 723.65. So Profit per 1000 impressions (PPM) in June 2016 was $61.39
Niche Site 1 – Grind report
I spent around 5 hours in June creating a new article, managing the Reddit ads and doing some WordPress maintenance.
Niche Site 2
Niche Site 2 is now up and running. I have started monetising it with Amazon Associates but have not made a single cent yet. Because of the nature of the site, I don’t expect organic traffic to happen any time soon. It just doesn’t focus on content, more on virality and social shareability.
I must have worked around 10 hours on Niche Site 2.
Niche Site 3
Niche Site 3 is finally up and running, it has two articles on it and is already getting some organic search traffic. I need to ramp up the content production – I may be on the cusp of having to outsource content creation.
I spent around 8 hours on bringing this site up to this level.
Passive Income Ideas Online
I have been neglecting this blog really due to just generally being busy with life. My primary focus is on keeping the my sole money-maker Niche Site 1 ticking over. The secondary focus is on creating additional niche sites and that’s what I have been focusing on.
Goals for August 2016
My goals for August are:
- Write one long high-quality article each for Niche Site 1, 2 and 3.
- Reduce bounce rate and increase session duration on Niche Site 1.
- Break through $1000 revenue per month.
- Profit growth over-proportional to traffic growth.
So how are your online money making or blogging ventures going?Leave a comment, let’s talk!