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Monthly Earnings Report: October 2011

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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 few earnings reports were a big hit (I started doing this in April). Not only is it of great interest for my blogging friends, but I also believe that my readers have a right to know how this site is being funded. So, with no further ado, here’s the earnings report for October, 2011.

October 2011 Earnings Report

I think this has become my favorite post each month! Making money is not the only reason I blog, but it sure makes it fun!

I had a few big deals in October, which helped boost my earnings from the previous month. You might not be able to tell from the graph, but my earnings in October actually exceeded my earnings in July. Looks like my earnings are back on the up-swing! 😉

Breakdown of Earnings: October 2011

Adsense – $46.80

Staff Writing – $50

Link Ads/Widgets – $830

Sponsored Posts – $820

Affiliate Sales – $0

Total October 2011 Income: $1,746.80!

 

Adsense

October yielded my best Adsense earnings ever, and I really haven’t been tweaking the ads at all to try to gain additional income. However, I noticed lately that one of my blogger friends is making nearly $100 a month with Adsense, so I decided to make some changes for November. Come back next month to see if my alterations made positive impact.

Staff Writing

With my recent home purchase, I have become a busy man and staff writing has really been a tough thing to make time for. I try to keep up with one of the sites, but I still fail once in a while and forget to write an article.

In the month of October, I wrote 2 articles and earned $50. Not too shabby, but I could really do more. Once the house is done, I should be able to get this income up to $200 or so.

Link Ads/Widgets

I earned quite a lot of money this month by selling links on my site. I gained a couple of homepage links and a widget for 6 months, plus I earned a little extra on my sponsored posts by linking to the company’s article (within my site) from my homepage. I don’t mind too much because it’s not hurting my rank. After all, I’m just linking to one of the posts within my site.

Sponsored Posts

I absolutely love sponsored posts. Most of the time, the post provides valuable information for my readers and has only a link or two to the company that provides the post. Not only are they helpful for my readers, but they don’t take much effort on my part.

The posts are written by the advertising agency, so all I have to do is put it up on my site, which maybe takes 10 minutes. Plus, now that I have developed a relationship with a few advertisers that know my rates, they just send me the article and deposit the funds immediately. They know I’ll get them posted without delay.

In the month of October, I posted 8 sponsored articles on my site and earned $820.

Affiliate Links

I have recently posted a new page, “Start Your Own Blog” which helps out those that want to start their own blog, but don’t really know how to take the first steps. It’s a great tool for the newbie, plus it benefits my earnings because it has a few affiliate links. So, hopefully we’ll see a rise in affiliate earnings in the next couple of months (it’s no fun to report $0). 😉

Summary

October really was a great month. I didn’t feel like my site was consuming my life, and my earnings jumped $700 from the previous month.

I can’t wait until I get my other ventures going (eBook, other sites, etc) – I might have a month where I make $3,000 pretty soon. Wouldn’t that be crazy!?

Since July, this site has generated over $7,000 of income. If this trend is consistent (and I really think it could easily be), that means I could make $21,000 a year! As a “side-gig”, that is pretty exciting. What’s even more exciting is that I could do more! I can start up a few additional sites and earn an income that exceeds my day-job salary! While this may not be easy, it certainly is possible.

Pretty sure my goal for 2012 will be to earn $40,000+ from online ventures. Do you think I’m crazy??? 🙂

Income Reports

AUTHOR Derek

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.

32 Comments

  1. Congratulations. Your work on this site is very inspiring. Keep it up.

    • Thanks CFM! I’m always glad when I can inspire someone else to pursue their dreams as well!

    • Thanks 20’s Finances! It hasn’t been super-difficult to make a blogging income, but it has taken a ton of time. Good luck to you! I know you’re on your way! 🙂

    • That’s good that you think I’m crazy! That means that I’m no longer being complacent with my $1,000 a month. There are much larger opportunities on the net right now, and I am determined to capitalize on them! 🙂 The best part for you is, if I do it, I’ll tell you exactly how! 🙂

  2. It sounds like it’s requiring less and less effort each month which is awesome. This may truly become “passive” income within the next few years.

    I have to agree with sponsored posts. Probably the greatest thing since sliced bread.

    • This site will never be 100% passive because I like interacting with my readers, but it is becoming easier. I write good post, respond to some comments and the advertisers come knocking at my door, begging me to put an ad on my site for their company. All I have to do is say “yes” or “no”. 😉

  3. Love reading these inspiring updates. Congratulations on your success. I have no doubt that $40K is there for the making in 2012, fo for it.

    • Glad to hear it Hunter! I hope I don’t let you down on the $40k!

  4. Derek, I am one of the newbies who was inspired by your ‘Start Your Own Blog’ post and got started right away. First off, thank you so much for your post and inspiration. I bought the domain and I am trying to figure out what next. I started the blog because I want to write some of my own thoughts on personal finance and having a blog to interact to with all of you out there, but certainly having income from the blog would be a huge bonus. My goal is take the next year 2012 to streamline what I want to write about and work on the blog and hopefully in 2013 I will start to bring in some bonus side income from the blog. I would really appreciated if you could give me a few pointers on how to set myself for success. My plan is start off writing one (quality) articles per week revolving my own experience. Any suggestions you have is greatly appreciated

    • That’s awesome that you jumped right in and got started! I’m proud of you! Let me tell you, you’ll never regret it.

      Everyone says this, and it’s the #1 hardest things to do, but start out with solid content. Write as if there were 100k people reading your blog and don’t worry about monetizing it until 6 months to a year down the road. That will give you the most success in the long run.

      I’ll write you an email with some more details. 🙂

      • You are awesome, thank you so much!

        • No problem! Glad I could help!

  5. Possible i earn more then $200 from adsense now.

    • Awesome! Actually, my tweek has already earned me $16 after only 5 days. If I can keep this up, I’m looking at a $90 rather than 40ish. We’ll have to see where it ends up at the end of the month.

  6. Big bucks! Helps keep the wolves away and the wife’s dream of doing her thing alve. That is the best reward.

    Congrats!

    Sam

    • It was a pretty decent month, and yep, it’s definitely helping us put some money away for emergencies as well as continue with our house renovation! 🙂 Thanks for the comment Sam.

    • Thanks LaTisha! I am enjoying keeping up with the site. The income is definitely a bonus though!

  7. A decent month if you ask me, keep it up and the numbers will only get better.

    • Thanks BTI! I do have some plans for increasing the income, so these numbers should keep going up! 🙂

  8. Congratulations! Sounds like you’ve been having some great months lately. It might be a bit crazy to shoot for $40,000+ each year from blogging activities, but sane people never accomplish anything nearly that exciting. You’re definitely an inspiration for those of us still trying to clear $1000 per month!

    • Yep, $40,000 may be a stretch, but who wants to have a goal that’s easily attainable? Not me. I’m going to be pushing myself next year. 🙂

  9. wow congratulations… i hope to earn the same with what you earned.. but i’m just a new blogger and still on the search for opportunities hope you can help me 🙂

    • Thanks Dorry Lyn! Great job starting your blog by the way! It’s tough being a new blogger. You feel like you’re writing for no one, and there is no interaction whatsoever. But, it’s coming! Keep writing those posts and your readers will come. If you have some more specific questions, send me an email through my “Contact” tab on the top of my page. Looking forward to hearing from you!

  10. I definitely agree with setting the high income goal for 2012. Some people get too realistic with goals because they are afraid to fail, and then shoot too low.

    Just know I am behind you 200%, and I know you can blow $40K out of the water. 🙂

    • Thanks wifey! 😉 I always love the encouragement from you! 🙂

  11. congratulations Derek. the best part about this entire post is your wife’s encouragement / endorsement of what you are doing. you will hit $40k before you even know. key is consistent execution of your plans

    • Thanks for your encouragement as well Sunil. We’ll have to meet up sometime since we are in the same area (sort of).

  12. Great month! I think you have a very realistic goal for 2012… Im thinking about setting mine at $25,000.

    • I bet you can do it! Thanks for rooting me on! 🙂


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