Alternative Income Streams - July 2008 |
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The calendar flips and it’s time to reflect on my alternative income from last month. Executive summary: Not as good as last month, but more sustainable.
This was the first time in a couple of months that I didn’t have $500 from Revolution Media Exchange referrals to factor in. I knew this was going to happen so it wasn’t exactly unplanned.
The other disappointment came from the Forbes Network. I’m so disappointed that I’m not even going to link to them. They contacted me last November to be a part of their advertising network. They said that they’d send traffic to me and take 60% of ad sales. I was pretty skeptical, but when Forbes comes calling you have to listen. Many months later, it turns out they don’t really send any significant traffic - I get only 5 to 10 visitors a month. Their ad pricing also doesn’t compare with other advertising networks. I made almost enough to order a pizza with their ads this month. In short, it’s sullying the good name Forbes had built for itself.
With those hits to my alternative income, I was pretty worried that I’d be heading in the wrong direction. Then something interesting happened… the Google AdSense that had dropped to 30% of what it was bringing in, grew 70%. This is why it’s great to have various income streams. That replaced a good chunk of the $500. When a couple of new ads came in, it was almost a wash in the end. I’m also seeing some growth on Lazy Man and Health and at some point it may even turn from something that I do for mostly fun to something that brings in a profit. It all lead me to bring in a revenue of $1646.92 after taxes, but only $1330.26 after expenses.
The outlook for July is actually pretty good. I’d expect it to be one of my weaker months as people head away on vacation. However, the trend is moving up. Website traffic is moving up (thank you, readers). I’m crossing the “T”s and dotting the “I”s on a partnership that I’m increasing getting excited about. I’m also working on two or three projects, which if they work, will boost the bottom line quite a bit. I have to admit though, there’s a lot of sweat equity going into them.
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Propeller18 Responses to “Alternative Income Streams - July 2008”
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July 7th, 2008 at 5:01 pm
Interesting to hear about Forbes. I’ve been with them not quite a month yet. We’ll see how it turns out.
By the way, did everyone know yet that Google is dropping its Referral ads program in August?
July 7th, 2008 at 11:41 am
In addition, if you had referral links posted to a website they will no longer generate referrals. You need to update the links.
July 3rd, 2008 at 4:51 am
Tom,
I think that you are correct. I had one referral in June but I don’t think the person got the $25 bonus.
July 2nd, 2008 at 9:08 pm
I think I get it now - you still get $10 if you refer a friend. The friend no longer gets $25 for signing up. That’s how it has changed.
July 2nd, 2008 at 6:53 pm
It looks like the RME promotion is still going on. I don’t see an end date on the promotion page only a note that, “Revolution reserves the right to terminate the Program at any time with or without notice.”
July 2nd, 2008 at 11:30 am
I did max out my account and my wife’s. I thought the promotion was over May 15th, which meant that I wasn’t going to earn anything for June.
July 2nd, 2008 at 10:55 am
Why was this the first month you knew you wouldn’t have $500 coming in from RME? Did you already hit the max on your account(s)? I noticed that I wasn’t getting any RME referrals the last couple weeks. I logged in today and realized I needed to update the referral link.
I also got an invite to join the Forbes network. It now seems like just about everyone got a personal invite. Now I’m glad I didn’t join.
July 2nd, 2008 at 6:42 am
O.D., I experienced exactly the same things. It seems a good ad in May wasn’t renewed for June.