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iamsy's Income Report May 2013

By Edited May 17, 2015 3 17

Fifth month of passive income

May is the fifth month I'm doing the passive income thing and this is my third income report. You can find my other income reports on my profile page.

I had a few goals for May, which included writing 60 articles on IB, 100 posts on Bubblews and commenting on 30 IB articles. However, I didn't manage to do any of these! I put up only 10 articles on IB, 76 on Bubblews and I lost track of the commenting. But that's because I've been working on my own sites (and they're starting to see results! :)

I did meet the passive income goal of $20 though and here's the earnings breakdown:

  • InfoBarrel - $14.56 (with 10 new articles, running total of 83)
  • Amazon (from IB) - $0.78
  • Niche sites - $8.86
  • Bubblews - $22.74 (with 76 new articles, running total of 123)

Total passive earnings: $46.94

Thanks to x3xsolxdierx3x, I also made my first affiliate sale, but it would be cheating if I included this above ^^;

I'm really happy with the earnings this month because it's more than double of my goal for May! It's mostly thanks to Bubblews but I'm extremely pleased with the earnings from IB too. Some of the income was from the new articles but more of it was from the ones I wrote before May.

What I did in May

Bought some niches sites 

This was done in the last week of May and they've contributed to some of the earnings above. If the sites continue to earn their historical amounts, I'll recover the costs in about 15 months.

However, I bought the sites mainly to learn more about how they were built so I could (hopefully) replicate the process. These are really ugly niche sites with only a few pages of content, not ranking anywhere, but they're doing much better than my main site. I'm still figuring out why!

Improved monetization of blogspot blog

In March, I created a blogspot.com blog for fun and it got ranked on the first page for its keyword in April. In May, it started ranking for a ton of other related keywords and is jumping between the first few results for quite a number of them. This was really surprising because the site took 20 minutes to put up initially and I've probably spent just about 2 hours on it in total. That's much less than the time I spend researching on and writing a 1000-word article! :x 

I had an affiliate product from Clickbank on it, and it has been getting clicks everyday without sales. This month, I added adsense and it has contributed to some of the earnings reported above!

Built more blogspot blogs to experiment with

I built a few more blogs like the one mentioned above. This was done in the last few days of May so I'm still waiting for them to be completely indexed by Google. I'm also doing this with my sister. She's doesn't have school for the whole of June so we'll be able to work on the blogs together if we need to.

Ichigo the Roborovski Hamster

Worked on my hamster site

This is probably the one site I've spent the most time on so far but it's not producing enough earnings to justify the effort (yet). However, it's starting to rank for secondary keywords and is somewhere between second and third page for "dwarf hamster". Also, I have plans to turn this into an authority site + other ideas for monetization so there's no rush! And it's been fun to work on even though it isn't earning much right now.

Did a ton of keyword research

I've been getting a lot of ideas for sites and have found some keywords that I think are pretty good. Also bought domains for some of them that I will work on in June.

Goals for June

I don't seem to be able to hit my non-income goals (because I keep finding other stuff more interesting >.>), but I think it's still a great idea to have them as a general guideline for what I should be doing. My goals for June are:

  • $200 in passive income: For the first few months, I've set very small income goals because I wanted to make sure I could reach them. But I think I've gotten the hang of it now and it's time to move on to somewhat larger numbers. This is a huge jump from $46.94 for me but I am going to do it.
  • Put at least 1 piece of content on all my domains: I have more than 5 empty domains waiting for content to be put on them. To make up for my inability to reach non-income goals in the past few months, I shall make this really easy and only aim for 1 piece of content on every domain.
  • Follow along with Pat Flynn's Niche Site Duel 2.0: Aside from having 1 piece of content on the other domains, I'll also be following along the NSD 2.0. I've already done the keyword research and bought a domain for it too! Have also been reading all the posts and podcasts including the ones for the first Niche Site Duel. Can't wait to get started on the site. Is anyone else on IB doing this as well?
  • Teach my sister how to make $1 in passive income: She's 12 and I think there's no better time than now to start learning how to make passive income. She writes well for her age and she seems interested enough so it'll probably be easy. I can't teach her how to make $100 because I haven't done that yet, but $1 shouldn't be a problem. She's starting to learn a bit of keyword research from building the blogspot blogs I mentioned earlier, and we're going to put up some articles on IB on her account in June too. I might get her to follow along with the NSD 2.0 but I think it might be too much work for her, plus she has to go back to school after June.
  • Get 31 points on IB for maximum revenue-share: I've already written most of the articles, just need to finish up and post them!
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Comments

Jun 1, 2013 8:40pm
Zuke258
Great goals. Reach for the stars and even if you miss, you still get off the ground. I think we started about the same time. I have a lot of the same things going on as you do. I am going to friend you and maybe we can motivate each other along the way. Keep up the good work.
Jun 1, 2013 9:11pm
iamsy
Or land on the clouds :) Yup, I think we started about the same time. Thanks!
Jun 1, 2013 9:29pm
DollProject
I love your goal to teach your sister! Empowering a young person with passive income knowledge seems like a great way to help them get a step forward in life.
Jun 2, 2013 10:23am
iamsy
Hey, thanks for commenting. Yeah, I wish someone taught me when I was twelve!
Jun 2, 2013 12:41am
dieselfit
I agree that is a great goal for your sister. But what happens if she ends up making more than you, will she teach you :PP
Jun 2, 2013 10:25am
iamsy
Haha, I'm sure she will!
Jun 2, 2013 12:19pm
MarkWeaver
Congrats on the good month!
Jun 2, 2013 12:36pm
iamsy
Thanks! :)
Jun 2, 2013 4:41pm
KimChaos
Great month and thanks for sharing. I didn't meet my writing goals this month and I must admit that it made me feel good that you didn't either...because it means that I'm not lazy! It's hard with a lot going on. As you learn about those ugly niche sites you built that are doing more than your main one, I hope that you will share what you learned. It sounds interesting!
Jun 3, 2013 10:14am
iamsy
Hi! Yep, I totally agree. It's hard to stay focused on your writing goals when a lot of other things are happening at the same time. And I'll report back if I learn anything useful from these ugly sites :D Thanks for commenting!
Jun 4, 2013 4:52am
adragast
Nice report! Interesting idea to buy niche sites... I wouldn't have thought about it. Also, good luck for your goals for next month, hope you will reach the $200!
Jun 4, 2013 5:20pm
iamsy
Thanks! I wanted to see first-hand what others were doing instead of just reading about it so I thought it'd be good to buy some.

I hope I'll reach that too! Working on it everyday :D
Jun 15, 2013 1:19pm
mariuski
Great work! Btw I'm also in for Pat's niche site duel 2.0 - good luck for that!
Jun 29, 2013 5:49pm
iamsy
Thank you! Good luck to you too! :)
Jun 18, 2013 1:51am
wordspeller
Good goals for passive income... work on blogs, buy niche sites, follow Pat Flynn and teach your sister how to make money too! Your article is packed with inspiration!
Jun 29, 2013 5:50pm
iamsy
Thanks! I appreciate your comments ^_^
Jan 24, 2014 4:35am
Yngwie
Your goals and projects almost mirror my exact intentions, albeit your a little ahead of me.
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