Every month I like to share with my readers what’s been going on with one of my biggest passive income building activities – being the owner of several niche sites that I created and maintained. Each of these websites has their own particular monetization strategy that I’m constantly trying to foster and develop. The goal of course is cultivate them into streams of regular income that I can use to supplement my savings efforts each month.
To be honest a lot of my time in April was spent on a different passive income effort – the release of my first eBook. (More to come on that topic in a later post.) Even though that project did suck up a lot of my attention, I did manage to spend some time with my niche sites adding some new material and making a few strategic decisions that I hope will pay off big in the upcoming months.
Here’s what’s new with my niche website collection.
Niche Website Income Report – April 2015:
Here is my income and expense report for the month:
Here’s a closer look at my income sources for the month:
- Amazon = $129
- Clickbank = $248
- Google Adsense = $413
- Web Hosting = $130
- Personal Capital = $0
- Private Advertising = $200
Continuing to Build Up My Amazon Site NS4:
The one place where I was very active this month was my Amazon-based music site NS4.
I started by posting a job for a writer on Elance. Right away I got a number of good applications. Despite making a decision about which one I thought was the best and then offering that person that job, something inside me told me I better break the project up between two writers. And so I did.
It turns out that was a smart choice! Writer #1 flaked out and never delivered anything! She did really well in her initial interview and was very responsive at first. But then after several repeated attempts at communication she never delivered one single piece of writing. So I had to let her go and cancel her contract.
The second writer I hired at the last minute turned out to be phenomenal! He responded to every email within 24 hours in great, short, affirmative replies. On top of that – his writing was excellent! I only had to make a few relatively small changes.
The lesson learned: When it comes to working with freelancers, sometimes it pays to diversify and spread the work out among more than one person. If nothing else it can be a good insurance policy!
With the cancelled contract from Writer #1 and the $129 of income we made this month, I plan to do the business-like thing and reinvest some of those earnings back into the niche site. What that will mean are two things: 1) more content and 2) more link building.
Depending on my overall I’m sure I’ll eventually hire Writer #2 to complete the articles that Writer #1 never delivered. (I did get my escrow money back from Writer #1, so that’s why I show a credit in my expenses for NS4.)
An Upcoming Link-Building Experiment for NS1:
Last month we reached a milestone with NS1 when the site finally grew to 100 published posts. Even though I was really excited about this, as it turns out the Internet wasn’t really feeling as ecstatic about it.
Why do I say that? Because nothing changed for us in terms of income! I’m still getting roughly the same number of visitors and revenue for NS1 as I have been for the past few months.
So what does that tell me? Maybe the ole-stand-by of adding more posts to the site isn’t the answer … I’m beginning to think that perhaps new growth will come from doing a better job of promoting the content that’s already there!
There are a lot of different ways I could go about doing this. One would be to use the same strategy I did last year when I guest posted several times a month. Another way (and the more lazy option) would be to simply buy up a link package from an SEO service.
Well, guess what?
At the end of month I made my decision to go ahead with a link building package. (That was the expense I show for this month under NS1.) Next month I’ll get more into what service I’m using, how I made my decision, and hopefully have some positive results to share!
Readers – How are your passive income and website building efforts going?
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