Monthly Report For December 2012

Post image for Monthly Report For December 2012

I know that this may sound weird, but I’ve always wanted to know how much money people earned on a monthly basis.

Don’t get the wrong idea, I know that it’s completely against the social norm, so I don’t go around asking everyone how much money they make, but I know that there are many people that are in the same boat as me! There are hundreds of people out there that want to know exactly how much money other people are making.

If you’re one of those people, I’m here to satisfy your curiosity!

I publish a report every single month.  These reports go into detail about everything from important going ons in my life to updates on my projects…but most importantly, they break down my passive income earnings to the very last cent!

I break down EXACTLY how much passive income I earned during that month, and where that passive income came from.

So, what was December like in terms of this blog, online projects, and passive income?

Well…I guess that you’ll have to continue reading to find out!

Before we get to the earnings, let’s talk about what happened…

Published My 1000th InfoBarrel Article And Am Starting To Diversify With Squidoo

As you may know, from reading through my previous income reports, I make a few hundred dollars a month from the articles that I have published on InfoBarrel. Some of the articles that earn me money were published a few days ago, and some were published over 2 years ago…it’s the beauty of passive income!

My original goal with InfoBarrel was to publish 1000 articles, and I achieved that goal in December! I am definitely proud of myself, but think that it’s time to move on to a different writing platform.

I have heard tons of good things about Squidoo from other InfoBarrel members, and figured that I would give it a shot!

I published 16 lenses throughout the month of December, and plan on publishing many more throughout the next few months.

I figured that it was a good way to diversify my income streams and secure the amount of passive income that I am making. Right now, about 75% of my passive income is coming from my InfoBarrel articles…I want to bring that number down to about 25% by using other streams to increase the total amount of passive income that I’m earning!

Shifting My Adsense/Amazon Split

Previously, my InfoBarrel income was divided up in the following way:

  • 80% from Google Adsense
  • 20% from Amazon Affiliate

However, InfoBarrel released a new type of element that allows members to embed Amazon product widgets in their articles.

I spent a good chunk of December adding these Amazon product elements to my articles; this resulted in more Amazon sales and fewer Adsense clicks.

This shift lead to my InfoBarrel income being divided up in the following way:

  • 51% from Google Adsense
  • 49% from Amazon Affiliate

Basically, the overall InfoBarrel income stayed the same, but the split between Adsense and Amazon was even as opposed to being lob sided.

This is exactly what I wanted to happen. The last thing that I wanted was for 80% of my income to be from a single source!

Authority Site Update

I did virtually no work on my authority site during the month of December. My focus on writing InfoBarrel articles and Squidoo lenses on a daily basis, so I didn’t really publish any new posts on the authority site.

I recorded and edited two different videos for the site’s Youtube channel, but I’ll be releasing them within the first two weeks of January!

My original plan for the authority site was to release a big product once I had hit some pretty big milestones! However, a recent meeting with Quinn from Cubicle Free opened m eyes to many possibilities!

He suggested that I release a small product much sooner than the original plan had entailed!

With that being said, December was a month of epic failure with regards to adding value and content to the authority site, but January and February will be amazing because I will be adding much more content, and getting ready to release a product!

Passive Income Earnings For December Of 2012

I liked earning passive income in December because it truly showed me how passive it was. There were days that I went shopping for Christmas presents, and came home to see that I had earned money while walking through the mall.

Let’s see how much I earned throughout the holiday season…

  • PPC Advertising
    • Adsense: $167.76
    • Chitika: $1.86
    • TOTAL: $169.62
      • Last Month: $250.42
      • Difference: $80.80 (-)
  • Affiliate Earnings
    • Amazon: $157.10
    • TOTAL: $157.10
      • Last Month: $96.32
      • Difference: $60.78 (+)
  • Investment Income
    • Mutual Fund Dividend (Re-Invested): $37.78
    • Big Savings Account Interest: $12.94
    • Small Savings Account Interest: $0.09
    • TOTAL: $50.81
      • Last Month: $21.09
      • Difference: $29.72 (+)
  • Miscellaneous Income
    • Bubblews: $29.18
    • TOTAL: $29.18
      • Last Month: $22.86
      • Difference: $6.32 (+)
  • TOTAL PASSIVE INCOME EARNED IN DECEMBER 2012: $406.71
    • Last Month: $390.69
    • Difference: $16.02 (+)

I had originally set a mini-goal to earn over $400 in passive income through the month of December in 2012, and I am happy to say that I achieved that goal.

And I actually overachieved it by $6.71 :)

What I Will Be Doing In January Of 2013

January will definitely be a busy month in terms of my personal life because I will have a few important things going on throughout the month; however, I still plan on accomplishing many things.

I plan on:

  • Publishing one post per week for this blog
  • Creating a minimum of 20 more Squidoo lenses
  • Publishing at least 3 more posts on my authority site
  • Starting to write an ebook that will be sold on Amazon

One thing that I have learned after publishing the results of my 2012 goals is to set goals that leave some room for error. I used to set goals that could only be achieved if everything went perfectly and according to plan; however, we all know that this rarely happens!

The goals that I have set for January are achievable, even if some small things don’t go perfectly!

December was a great month for me in terms of passive income…it yielded a slight increase over the previous month’s earnings. How do you think that I did in December? What could I have done differently?

{ 18 comments… read them below or add one }

Meggie January 3, 2013 at 6:14 am

I’m one of those people who is insanely curious what people make as well. I never really understood why it was a taboo topic according to social norms, but people value their privacy so I’ll give them that. Thanks for being one of the people who shares!

Reply

Mike January 9, 2013 at 7:46 pm

Hey Meggie,
curiosity about money, salaries, and income has always been something that I have taken pride in. I was always curious how much money people in different job positions made.

People value their privacy, and I definitely respect that, but sharing my monthly passive income figures is something that I take pride in.

Sharing is not a problem. I’ll continue to share my passive income earnings because it’s something that I really enjoy!

Thanks for commenting.

Reply

Daniel Canfield January 3, 2013 at 8:14 am

congratulations on hitting 1,000 articles on InfoBarrel! I too just begun writing for Squidoo because of all the hype on the InfoBarrel forums. I am excited to see how Squidoo will pan out for us.

Reply

Mike January 9, 2013 at 7:50 pm

Thanks Ernie,
1000 articles has always been the overall goal for me at InfoBarrel, so I feel really good now that I’ve hit that milestone. You’re right, the InfoBarrel forums have literally been flooded with Squidoo hype.

I really hope that the hype materializes, and that we both develop decent streams of passive income from out Squidoo lenses.

Thanks for stopping by and leaving a comment.

Reply

Omar Best January 3, 2013 at 2:21 pm

Congrats Mike and keep inspiring!

Omar

Reply

Mike January 9, 2013 at 7:51 pm

Thanks Omar,
I’m glad that my posts are an inspiration to you. I’ll keep on inspiring…I promise!

Thanks for commenting on the post, I really appreciate all of the comments that you leave!

Reply

Southerngirl09 January 3, 2013 at 5:56 pm

Good job, Mike! I am enjoying watching your passive income growth. I hope 2013 is an awesome year for you.

Reply

Mike January 9, 2013 at 7:54 pm

Thanks Southerngirl!
I am glad that you are following along in my passive income journey. Thanks for your hopes.
Let’s hope that there is some huge progressions in 2013, with regards to passive income, life success, and this blog!

Thanks for stopping by and leaving a comment.

Reply

Steve January 3, 2013 at 6:52 pm

Great job man! I follow you on InfoBarrel. You’re really killing it on Bubblews and Amazon. Amazon is definitely one area I need to work on.

You may also want to consider investing in peer-to-peer lending for monthly passive income which can net you anywhere from 7 to 13 or so percent APR. LendingClub is the site I use. Real Estate is another great way to get passive income.

Looking forward to the next report!

Reply

Mike January 9, 2013 at 8:03 pm

Thanks Steve!
I just started with Bubblews and Amazon, and I’m definitely glad that I’m doing so well on them. Bubblews seems like it’s much better for the short term, and Amazon seems like it is better for the long term. With that being said, it looks like the combination of both gives me some diversity in my passive income, which is one of the “unstated” goals that I have for 2013!

I was thinking about doing peer-to-peer lending because I have seen a few bloggers making a decent amount of money from it; however, LendingClub is not available to Canadian citizens, so that’s out of the question. I plan on doing some research and trying to find a trustworthy peer-to-peer lending website that I can use as a Canadian citizen. I’ll test one out as soon as I find one.

In regards to real estate, I definitely want to invest in a property that I can rent out within the next 10 years. I have some other priorities that are higher on the list, so purchasing a rental property will happen once the other stuff has been satisfied. But you’re completely right, real estate investing is one of the best and most lucrative forms of passive income out there!

Let’s hope that the next report will be even better!

Thanks so much for leaving a comment and suggesting the idea of using a peer-to-peer lending website!

Reply

anna January 4, 2013 at 2:00 am

congrats mike~ i know the new year will be even more prosperous for you!

Reply

Mike January 9, 2013 at 8:05 pm

Thanks for the congratulations Anna.
I really hope that 2013 will be really prosperous too. I’ll definitely be working my butt off, so I’m sure that it will pay off!

Thanks for leaving a comment.

Reply

Quinton Hamp January 5, 2013 at 2:39 am

1,000 IB articles! way to go!

I know you had some really good product keywords. Are you thinking of going through and adding some of the new amazon modules to them? I bet you could double your money!

Reply

Mike January 9, 2013 at 8:12 pm

Thanks Quinton!
1000 articles was my overall goal with InfoBarrel, so I’m super stoked that I hit it!

I would say that 85% of my articles are based on profitable keywords, and I touched upon many niches with those keywords.

I went through and added the Amazon modules to the 130 most trafficked articles, and they seem to be performing really well. I have seen quite a few sales, and the increase in income is amazing. The only stipulation is that those 130 articles make up about 70% of my daily traffic, so it may not be as worthwhile to add the Amazon modules to the other 870 articles.

I’m going to pause with the Amazon modules for now, but I might go back and do another 100 articles in the near future.

Thanks a lot for the comment, and for the Amazon suggestion!

Reply

Simon February 1, 2013 at 6:00 pm

Hi Mike

I just submitted my first article to infobarrel today. I’m trying to work out if its more profitable to do this than build up and spend my time posting on my own authority site? 1000 articles for a few $ a month is not a large return for the time invested. I know it accumulates over the months but to the neglect of not building up resources on your main site.

How much time on average did you spend on each article?

Reply

Mike February 1, 2013 at 6:52 pm

Hey Simon,

I would say that both situations (posting articles to an authority site and to InfoBarrel) are equally as profitable with regards to the amount that the articles themselves will earn; however, there are additional ways to earn money through an authority site. For instance, you can direct your email subscribers to a post that contains affiliate links and even make money through the jobs/freelance work that you get as a result of the authority site.

However, article-writing for InfoBarrel is definitely the place to start.

Someone that is trying to create an authority site without any content marketing experience stands a small chance at succeeding to their full potential. Writing for InfoBarrel allows you to test the waters with keywords (see which ones are profitable), learn how to write content that ranks well, and earn passive income in the process!

I would say that I have spent an average of 30 minutes per article. That amount of time includes writing, proofreading, inserting links, adding images, and posting. 1000 articles at 30 minutes each translates to 500 hours being spent on them. On average, including the big increase that happens in October, I make an average of $300/month from those articles.

5 years worth of earnings from those articles will end up being $18000…all in my spare time :)

I look at writing articles for InfoBarrel and writing articles for your own authority site as being on the same level…they are both profitable and great! So why not do both?

Post 500 articles to InfoBarrel and 500 articles to your own authority site! Get the best of both worlds!

Thanks for commenting!

Reply

Elvis Michael February 17, 2013 at 8:05 am

I noticed your Amazon income looks pretty healthy. I am slowly expanding, as keeping all my eggs in the Kindle publishing basket is a terrible idea.

I tried Infobarrel years ago, but i could never be successful there. Maybe it was a lack of SEO skills, but at some point i gave it a rest.

Reply

Mike February 26, 2013 at 6:30 pm

Hey Elvis,

Thanks for the compliment! It’s sort of healthy right now, but it booms towards the end of the year (from October to December), so I can’t wait for that!

I like building a passive income stream to $100+ per month and then moving on to a different one. This allows me to diversify where my passive income comes from, and it sort of prevents me from getting bored!

InfoBarrel has proven to be successful for me, but it definitely took a lot of work. It’s not for everybody though, so you’ll have to see which avenue of passive income works best for you!

Thanks so much for commenting! I really appreciate it.

Reply

Leave a Comment

Previous post:

Next post: