Google chopped my legs off last week, metaphorically speaking of course, but it was still quite painful. Because Google believes that I have some unnatural links on my website, they have downgraded my Page Rank from a PR3 all they way down to a zero. Due to this downgrade, my site will no longer rank as highly when someone performs a Google search, which means fewer visitors, which then means less money will come my way. And now, my goals of paying off my mortgage may be at risk.
A Reduction in Income
Ever since 2011, my website has comfortably earned between $800-$1,500 a month, and it was pretty steady. Now that I have been Google slapped, I expect that my earnings per month will fall to half of the average – somewhere between $400 and $800 a month, which means I can expect about $600 less each month, which then means that my mortgage payoff will suffer by $4,800 between now and the end of the year (if my Google Page Rank never comes back that is) :(. Before this painful event, I was already going to come up short with my payoff (by about $7,000), so now I need to figure out a way to earn $12,000 additional dollars between now and December.
Ideas to Counter This Reduction in Income
I thought that I might be able to save my way to my financial goals when I only had $7,000 to make up for the entire year (you know, like use less gas, find cheaper insurance, use less heat in the winter), but now that the gap has spread to over $12,000, I really need a better plan of attack to get this house paid off by December.
Some of you may remember my idea to mow lawns with my non-motorized reel mower this summer. In short, the plan was to find 10-20 clients that would enjoy an eco-friendly cut that wouldn’t pollute the earth, was quiet, and would keep their grass more healthy than with a gas-powered mow. I could complete a small yard for just $20 and would emit no fuel in the process (I would ride my bike to each home with a wagon in tow).
Some of you thought this was a pretty good idea, and I believe that the concept would really catch on and make my clients feel good about doing their part for the environment. At this time, I have already secured one client (possibly two) and could probably muster up another 8 or so just by walking door to door around my neighborhood and asking them if they would like to hire me for my eco-friendly lawn services. If I was able to get 10 clients by the end of this month and 20 by the end of June, then that would probably net me….
- $100 in May
- $800 in June
- $1,600 in July, August, September, and October
….$5,700. Hmmm. I would work my butt off (mowing 20 lawns would probably add 15 extra hours of work each week) and earn less than half of the $12,000 that I need to hit my financial goals.
It is possible that my business would take off and net me more than 20 clients, which would mean that I would probably have to hire out some help, but this would still net me a greater income. Since this is probably my best bet to earn some decent money, I will most likely pursue this. I will never know how great of an idea it is until I try right?
Another method that has earned me some pretty decent money in the past was to buy and sell cars. It does get pretty tiring to try and sell the vehicles to picky customers (which most of them are), but when I earn over $600 with each car, this could probably net me over $2,000 with just a few different vehicles. If I find another amazing deal on a car, I will probably try to buy it in order to sell it for a profit.
I am already a staff writer for 3 different sites, but I might try to ramp this service up in the future. At $25 an article, I can pretty easily earn $50 an hour by doing this. Yes, it can get tiring at times, but it is good money, so with a couple hundred articles (eek, that sounds like a lot!) I could get myself that much closer to my goal at the end of December.
Get Promoted at My Day Job
Now that I have earned my MBA degree, I hope to move up within my company and ultimately make a higher salary before the year is over. There is obviously no guarantee of this, but if I keep working hard like I have been doing and if a better position opens up, then my title could get bumped up and help me pay off this mortgage on time.
It is quite obvious that any one of these ideas by themselves will not yield me the income that I need to pay off my house, but collectively, it still could happen! If everything went right, I could have an extra $20,000 or so in my pocket by December. This has a pretty slim chance of happening, but it does make me feel a little better to know that it is still possible to hit my financial goals. 🙂
Have you ever been penalized by Google? What do you think about my ideas to earn some extra cash?
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.