Wow, this month went by so fast! I can’t believe that, as I’m writing this, it is already Halloween. I feel like it should still be mid-summer. This month has been another good month, and I’m very excited about the diversification of income I’ve been receiving across my multiple website and businesses. I’ve always said that one of the biggest benefits of developing multiple income streams is that if one income stream is down for the month, there are always others right there that can pick up the slack.
Like I mentioned last month, one of the biggest changes has been the growth in affiliate advertising. I think you’ll see the impact of affiliate marketing below in my income report. I’m still putting together a good post on it, but I’m trying to improve this income stream on all my sites.
Also, I hired a virtual assistant to start helping me out with a lot of the behind the scenes work. I think this person is going to bring a lot of value to my business, while at the same time freeing up some of my time to be with my family (which is extremely important). She starts in November, and I’m really excited to bring her on board. I’m also going to be sharing some of the strategies I used.
Finally, I disabled InfoLinks on The College Investor. I’m running a test on whether it is more valuable to not have the InfoLinks turned on. Many regular readers don’t like InfoLinks, and they are the same readers who may convert on affiliate advertising. As such, I’m giving that a shot, but you will see decreased CPC advertising income as a result.
My Multiple Income Streams
By now, you should know how this works, but I like to break down my multiple income streams into categories so you can see how I make my income. I don’t include my salary or my wife’s, although I do consider those part of my multiple income steam strategy.
- Dividends: $167.29
- The College Investor
- Private Advertising: $1,025.00
- Affiliate Advertising: $21.24
- CPC Ads: $7.11
- Amazon: $0.56
- Sponsored Tweets: $0
- My Multiple Incomes
- Private Advertising: $695.00
- Affiliate Adverting: $14.13
- CPC Ads: $4.05
- Entrepreneurship Life
- Private Advertising: $225.00
- Affiliate Advertising: $464.00
- CPC Ads: $2.98
- Japanese Stock Market Online
- CPC Ads: $0.06
- Niche Site #1
- CPC Ads: $1.09
- The College Investor
- Writing Service: $885.00
- eBay Sales: $1,143.29
Gross Total: $4,654.71
Difference from Last Month: -$703.54
What I Learned
The biggest thing that continues to amaze me is the power of multiple income streams. I love how, even if one income source dips a bit, another seems to take its place. After being penalized by Google, it is important to not just rely on one single source of revenue, because you never know when that is going to change.
I also learned the importance of treating everything like a business. I put together an informal plan to start increasing affiliate advertising, and it seems to be working. Let’s hope it continues, but I think the structure I’ve given myself helps. I’m trying to be much more structured in everything I do, and it seems to be helping.
What to Expect This Month
This month, I hope to finalize my post on affiliate advertising, as well as share some things about my new virtual assistant. That is just getting going, but hopefully I’ll have some things to share soon.