Monthly Income Report March 2016: $1,279.08
It seems to be a recurring sentence in my monthly income reports: last month was extremely busy!
I am still living in Manila, Philippines and I spent the month of March working from a cowork space.
The positive energy I was getting when I started working from a cowork space several months ago is slowly wearing off, and I’m not sure I’ll keep going there next month.
At this point, I’m considering setting up a home office and start working from home again.
Since life is not always about work, with a group of fellow marketers we decided to organize a weekend retreat / workshop to share our experiences and help each other grow.
There are plenty of beautiful islands in the Philippines, but some of them are reachable only after using a combination of plane / bus / boat / tricycle. It’s all fine if you have a whole week, but we only had a weekend.
We needed an easily accessible destination, so we ended up going to Boracay Island.
The weekend was a nice mix of business and fun, and it got me really pumped to keep growing my online business.
Let’s take a look at my different projects.
In March, I have put a lot more work than before in this blog.
I spent plenty of time rewriting my page explaining how to start a blog from scratch. This is one of the first pages that I setup on this blog when I launched it in 2010, so it was filled with outdated information.
The new page, titled “How To Start A Money-Making Blog In Less Than 5 Minutes (Step-By-Step Guide)” explains step by step how to get a money-making blog like this one.
There are lots of pictures to show you exactly where to click and what to do. I find this format easier to follow that video guides where you need to constantly pause, rewind, etc.
With my guide explaining how to start a blog, you just follow the steps, one after the other, and in less than 5 minutes, you’ll have your own blog.
It couldn’t be any easier than that!
Since a lot of people can benefit from this guide, I decided to feature it more prominently at the end of every article on this blog. The wording depends on the article category and it’s softly pushing people to one of my “money pages”.
As you can see, the traffic increased a little compared to February. However, the revenue stayed stable.
After over a year of hard-work on my new niche sites, I am finally seeing some exciting results: 40% increase in unique visitors, and almost 60% increase in revenue, month over month.
I wish I could tell you that I have a secret weapon that’s allowing me to keep increasing my traffic and my revenue at this breathtaking pace since January, but I didn’t really change much to my work flow since last year.
It’s been really all about doing keyword research to find high-potential keywords with little competition, produce some high quality content, and publish it.
The following graph shows my product-oriented Amazon niche site into more details.
I started this site in March last year, the traffic numbers during the first 10 months were really discouraging… but I kept working on it.
To summarize: I was deeply convinced that I was doing things right, and it was just a matter of time before it started paying off.
While a lot of people might have given up after 3 months, 6 months, or even 9 months, I kept working diligently.
And as you can see, the traffic growth, during the past 3 months, is really exciting.
At this point, every month I’m thinking: “ok, this time it’s going to stabilize. It can’t keep growing like this.” And every month, I’m proven wrong when I compile my traffic numbers.
I’m not going to make any wild prediction regarding my traffic or revenue with my niche sites for next month. I will just keep working on this day in and day out, and we will see how it evolves.
There is really not much to report about this project anymore.
After working 7 days a week for 1.5 month on this project, I am not seeing the results I was hoping for with this project.
My associate on this joint venture is getting busy with some other project, and I spend my time working on things that are actually increasing my bottom line.
I’m not sure where this site will go in the future.
I stopped buying traffic for my viral sites about 3.5 months ago, and as you can see the traffic, page views, and revenue, are staying pretty stable.
I am keeping these sites alive at this point only because they are not costing me any money and I need some time to figure out what to do with them: revive them, sell them, kill them, or whatever else goes through my mind.
What about the money?
Here is a breakdown of the money flow for my various projects.
To make this report easier to understand, I’m using a simple color code: green numbers are positive, red numbers are negative.
Please keep in mind that these figures may not be 100% accurate due to various factors such as refund requests and network adjustments. The terms for each payment may also vary. As a result these numbers may differ from the actual payments issued and received.
|Niche Sites||$258.87||▲ $213.70|
|Lead Gen||$2.62||▲ $1.92|
|Viral Sites||$115.93||▲ $112.06|
|Contextual Ads||$18.70||▼ $0.20|
|NET TOTAL||$45.39||▲ $502.49|
I’m really excited to see that my niche sites are bringing in a profit for the second month in a row.
Keep in mind that I am reinvesting as much as possible to keep these sites growing, and if I hadn’t spent any money to keep the growth going, I would have made a profit of almost $1,000 from my niche sites.
This blog, Dukeo, also generated some profit last month, mostly thanks to a BlueHost affiliate commission that I received from a visitor to my guide: How To Start A Money-Making Blog In Less Than 5 Minutes (Step-By-Step Guide).
As you can see, the only project that is not generating any profit at this point is the joint venture. This is the reason why I prefer focusing my time and energy on my other projects at the moment.
March is only the second month in the past 12 months where I generated some profit. I am going to be a lot more conservative regarding the money I reinvest in my projects and I will most likely spend only money that I have already earned.
As a result, my net income will stay close to zero, while my gross income should increase.
In April, I am going to work on a big project for this blog. You will see more about it in my upcoming blog posts.
Regarding my Amazon niche site, I am going to follow my long-term plan and keep generating content for low-competition keywords.
My third goal for April is to launch an AdSense niche site in an extremely competitive niche by applying the keyword-research & content-generation strategy that I developed for my Amazon niche site.
We’ll see how it goes!
If you're inspired by this income report, and you're interested in starting your own blog, I have written a step-by-step guide that will show you how to start blogging for money for as little as $3.49 per month (this low price is guaranteed only through my link). You will also receive your own domain name for free ($15 value) by clicking on this link and purchasing at least 12 months of hosting with BlueHost. Keep in mind that the first thing you need in order to make money online is your own self-hosted website. It will help you look more professional in front of your visitors, clients, companies, and everyone else.