Do you ever wonder how much money this site makes per month? And, how does it generate the income? Where does it come from? All your questions will be answered in this post.
As expected, my first couple of earnings reports were a big hit. Not only is it of great interest for my blogging friends, but it’s also a right for my readers to know how this site is being funded. So, with no further ado, here’s the earnings report for June, 2011.
July 2011: Earnings Report
As you can tell, I blew my old earnings record of $571.24 out of the water! In late June, Google finally updated my PageRank from 0 to 3, and boy has it made a difference in my monthly earnings! In July, I made $1,712.28 with this website alone. I was blown away and figured it was just a freak thing, but August is looking to be even better than July! 🙂
Breakdown of Earnings: July 2011
Staff Writing: $150.00
Link Ads/Widgets: $650.00
Sponsored Posts: $800.00
Affiliate Sales: $70.80
Total June 2011 Income: $1,712.28
Google Adsense is a pretty impressive tool. Basically, you register with your info, select which type of ads you would want, and Adsense gives you a code to paste onto your site. Once you paste it in, there’s no more work to be done! You just watch the pennies add up each month.
This past month, I earned $41.48 which is my best month ever! I also received my first paycheck from Google because my account grew to over $100. It was pretty fun to hold that check in my hands – mostly because I couldn’t believe that I just got paid from Google. 🙂
I currently write for 3 well-known finance blogs. As a whole, I wrote 7 articles and earned $150. Considering that each article only takes 45 minutes to write (on average), that’s a pretty good hourly wage.
You may have noticed a few additional widgets and links on my site lately, but most of you probably haven’t. I really try to keep them away from the reader’s vision, because I want you to have a good experience. So, many of the links I put up are on the homepage only, and are near the bottom of the page.
In July, I was able to close 4 deals for links/widgets (2 of these you’ll probably never see, which is how I like it) for a total of $600. These are mostly short-term deals, so when I find a company that would like to advertise for a year or more, this figure could get into the thousands.
Many times, I have advertisers contact me with a request to put up a “sponsored post”, which means that they’ll pay money to put the post up, and then they’ll include one or two links into the post that lead back to their site.
Rather than cluttering up my homepage (and your inbox if you’re a subscriber) with sponsored posts that were not written by me, I often “backdate” these and place them out of your vision. This way, the advertiser is still content with their link, and the reader isn’t bothered by advertising material.
In July, I posted 7 sponsored posts on my site and received $800. This is a pretty solid number, and should continue to go up as my site improves. Ideally though, I’d like to transition my earnings into affiliate link income. It’s much more passive and can yield much higher earnings.
I really only have one affiliate link on my site currently, and it’s for iPage, my web-host. My site is hardly ever down, they provide instant assistance whenever I need it, and they are very user-friendly, so it’s pretty easy for me to promote their services and then make some profits on every sale. This past month, I had 2 individuals sign up for iPage as a web-host, and it netted me $70.80. That’s pretty good money considering the little amount of work that I did.
In summary, the month of July was AWESOME! It’s giving me a great outlook on the future and is helping me realize the true potential of online income! If I had another site and got my eBook onto the market, I could be making $4,000/month. Maybe even more!
I have to say that I’m getting pretty excited about the potential of this business venture, and I can’t wait to share my reports with you in the near future.
Watch out for the next income report next month! Hopefully, it will be bigger than $1,712.28! 🙂
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.