Last month, I acquired this website and decided that I would turn it into sort of a repository of my passive income ventures. Each month, I plan on updating this site with reports of my passive income and how it changed from the previous one. Also, I want to take some of the extra proceeds and invest it through Sharebuilder, to build sort of a passive income portfolio.
The month of April was pretty good overall. There were however, some disappointments, which I will address. Still, there were plenty of bright spots to focus on to help kick this process into a higher gear.
The month of March was way better than February and April has continued the trend in the positive direction. Here’s a look at those numbers:
February 2014: $44.06
March 2014: $108.29 +64.23
April 2014: $130.37 +22.08
The April totals aren’t finalized as of yet, I still need to include the YouTube numbers (probably only $5) but still a significant increase month over month.
Clickbank Sales: $0
Clickbank has been hugely disappointing the past few months after it started the year out so well. I revamped my promotional texts on my sites and did see an increase in both clicks and order form impressions over the past few weeks. So, hopefully that will get me a few sales at least in May.
Other Affiliate Sales: $47
This one fell from its March numbers as well. I got the exact same number of clicks as March, I guess people weren’t in the same buying mood. The past few days have been better and I hope that trend continues.
Royalties from Past Work
These are royalties I receive from Web 2.0 sites which I used to produce a bunch of content for. There was a slight increase from March.
March 2014: $52.05
April 2014 Total: $54.21 (+2.16)
April 2014 Passive Income Totals:
$231.58 (excluding YouTube) (-29.07)
While the passive income dropped overall this month I did see a nice rise in the holdings in the passive income portfolio.
New Shares: .0673 (Dividend Reinvestment)
The portfolio is obviously still very small but it is growing and I will probably add to my position here in May, using some of the revenue from April.
March 2014 Total Value: $329.48
April 2014 Total Value: $350.38 (+20.90)
I acquired three websites in April and spent roughly $100 for the domains, new hosting, etc. The previous owners of these sites did a pretty good job of building up the link profiles and avoiding spammy content and links.
I am still waiting for search engines to begin to index them for specific keyword searches but I knew coming in that it would take a month or two before I start seeing real results.
One of the sites, should be able to rank for my target keywords fairly easily and turn into a money earner. I only spent $8 buying that one at auction and could make that each day at least once it gets re-established in the search engines. Either way, $8 is definitely worth it to take a flier on, for something that could bring in $3-5 K a year with decent traffic flow.
The other two sites will be re-purposed for traffic purposes and I will not make money with them directly. However, I have already noticed a boost in certain rankings towards my target sites already.
March 2014 Passive Income Report