Uh oh, in January I made less money than last year.
One of the most nerve wracking things about making money online is knowing how much you rely on Google and Facebook for new visitors. If Google or Facebook suddenly turn against you then you’re going to have a hard time making money online.
Has this happened to me? Maybe. If you compare today’s update against the one from January 2015 you’ll see the site got a few less visitors. But the big difference was that those visitors were viewing more pages last year at 2.6 pages per visit. Compare that with 2.3 pages per visit this month and that’s over 3,000 less page views.
Thankfully my side income was still quite impressive this month at $1,358. Even more impressive is that since I started the site I’ve made over $31,000! All this money has been saved. We haven’t spent a penny yet.
Saving all this extra side income has really helped increase my savings rate. We’re doing pretty good but if you want to see a really high savings rate check out Derek from Money Ahoy. Derek does a very detailed income report each month. Last month his savings rate was a crazy 82%. That means Derek and his wife saved 82% of their take home income. Want to know how they did it? Check out all the details.
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My Previous Income Updates:
You can check out all of my past income updates by clicking the tracker in the sidebar. My goal is to reach $3,000/month in side income. By clicking each month/amount it will take you to the income update for that month with all the financial details.
My January Update: $1,358
Total number of visitors to the site was down vs Jan ’15 but overall Adsense income was about even with last year. The big drop in income came from fewer affiliate sales vs last year. Last year there were a three large sales which brought in about $380. These big sales didn’t happen this year. Not sure if this is a random fluctuation or a sign of things to come.
The second site I started brought in $37 in January. Pretty steady with previous months. The site does have a good SEO trend based off intel from sites like semrush.com, so I’m hoping for more in the future.
- Sessions: 10,897
- Pageviews: 25,235
- Pages/Session: 2.3
- Bounce Rate: 55%
Swagbucks brought in $48 in January. To make a lot of money on Swagbucks you need to spend a few hours on the site each day. This was tough to do in January so income dropped slightly. The time was better spent on other projects.
In January I started my last financial planning class. The goal is to start a small side business in the future related to financial planning. What I would love to do is help people plan their financial future. What I’d like to avoid is all the high pressure sales practices that are sometimes associated with financial planners. This is leading me towards becoming an independent fee-only financial planner. There is still some research to do on this project.
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Photo by Barn Images via Flickr