May was a great month for side income. In total I brought in $1,672! This represents a significant increase to my take home income from my job. All of this extra money has been going towards a “quitting” fund… the eventual goal is to quit my job and work from home full time 🙂
I can’t believe its been almost a year of earning income online. It seems crazy looking back at how much extra income I’ve been able to make just from a website.
It was May last year is when my site started to really take off. When you add it all up I’ve earned almost $17,000 since then. There were a number of months where I only earned a few $’s per month. Those months were tough. Putting in lots of work but seeing little to no results. But after some hard work things began to gain momentum. Now I’m averaging $1,500/month pretty consistently.
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Check out these links for some of my past income updates…
- November 2014: $1,539
- December 2014: $1,504
- January 2015: $1,662
- February 2015: $1,126
- March 2015: $1,257
- April 2015: $1,732
(Looking for other opportunities to make money? Check out my new “monster post” 66 Ways To Earn Money Online)
My May Update: $1,672
My websites continue to drive the majority of my side income. This is thanks to Adsense, Media.net, and some affiliate sales.
Last year a spent quite a bit of time optimizing my ad placement. There was a balance between ad clicks and bounce rate. After testing a bunch of different ad placements I found the ad below the nav bar and the ad directly above the post had the best click through rate.
Lots of people place ads in the sidebar but what I found is that those ads tended to have the worst performance. The best performance came from ads close to the content. Either above the content or placed within the content.
Of course you need to make sure your site isn’t just bombarding readers with ads. It took a while but I think I’ve done a decent job at integrating ads in the least obtrusive way given their size and location. There was a bunch of time spent on placement and also stylizing the ads to make them seem integrated with the theme.
What do you think? How is my ad placement on the site?
The site had a few more visitors this month but those visitors viewed sightly less pages per session this month. It seems like 2.3 pages/visit is still a good number but it was higher in previous months. The bounce rate seems to have increased slightly as well. To look into this I’m going to use my Google Analytics account. Hopefully I can find some ways to decrease the bounce rate again.
- Sessions: 12,523
- Pageviews: 28,731
- Pages/Session: 2.3
- Bounce Rate: 58%
Swagbucks brought in only $40 this month. Having spent a bunch of time working on that new piece of content for the website my Swagbucks earnings came down slightly.
Swagbucks is a great way to make a bit of extra money online. It won’t make you rich but it’s pretty easy to get a few gift cards for free each month. I personally like the $5 Amazon gift card for 450 points. That seems to be the best deal for me right now. Sign up now and get a $5 sign up bonus.
Last month I finished my first Personal Finance course from a local college. This month I started a new course about risk management and insurance. This course covers auto insurance, home insurance, life and disability insurance. It also introduces the concept of insurance and what insurance should be used for.
It seems that a lot of people don’t fully understand the insurance is meant to reduce large risks and that risk is different than hardship. One interesting discussion was about the need for life insurance. Many people without kids and without a mortgage choose to get life insurance. This is one of those situations where there isn’t actually a huge risk but people choose to insure anyways.
Its an interesting class, although it is some heavy reading, and I can’t wait to learn more about it.
Making Money From Home:
In my opinion everyone should have a bit of side income. There is a certain amount of freedom and independence that comes with this extra money. It’s reassuring to know that even if I lost my job my monthly income wouldn’t go to zero. This is just one reason why I think everyone should try and find a fun side hustle to make extra month.
How was your May? Make a comment!
Photo by Epicantus via Flickr