Following my plan, I started building my first niche website a few weeks ago. No, not like this. I outsourced the building process of my first niche website. This is a…
May 2016 Income Report: Rat Website Makes Money, Blog Makes Money And More
In this blog, I write about what I am doing to create various income streams that come from online endeavors. The monthly income reports detail my results.
Why am I sharing my income publicly? I hope to gain trustworthiness with you and to keep some degree of accountability for myself.
The reports motivate me. I tend to forget my small achievements… and reports like this one won’t let me do it 🙂 Apart from that, they help me to remember how much I have already invested. It’s a motivation to push even harder!
Read on my income report #9 to find out what happened.
But before we proceed, I have to tell you I will take a week or two of a break from my blog. I am pretty busy with my personal life and I need to get some rest… yeah.
What Happened In May
May 2016 was an awesome month that had a few pleasant events. it was pretty much as good as April and even better. The income was great and the expenses were not too high.
Let’s take a closer look.
Rat Website Makes Money
Rat 🐀 Website stands for a website I got ready made from Human Proof Designs.
Yes, the website started making money in May! (this is one of the pleasant events). I recently posted an update about how it is doing and what I have done so far. Here I just want to show its Amazon stats for May.
Blog Makes Money
For my blog, I have a couple of ClickBank affiliate programs I work with: Ultimate Azon WP theme (read my review) and Easy Blog Networks (read my review) for PBN hosting. Knowing that my blog is relatively new and does not have yet a big traffic, I never bothered to look at my ClickBank account.
When I finally did a couple of weeks ago, I was pleasantly surprised to see that I already got a sale 🙂 Somebody bought a subscription to Easy Blog Networks. It actually happened in April but since I never looked at my account before, I did not know about it.
The other surprising part was that it was a recurring sale. Now I have about $5 revenue from it each month, very nice 🙂
In the end of May, I made another sale, again for Easy Blog Networks.
In May, I got a pleasant surprise from Kickfurther, too.
As I already told you when you click on my affiliate link and open an account, I do not get money. Instead, I get an offer key (one for three new accounts), which I can use to back offers earlier than the rest of the crowd.
Turns out, they do pay money for referrals but only if you win a referral contest. That is if you refer the biggest number of people comparing to other affiliates. The contest happens on a weekly basis.
During one week in May, I won it 🙂 I do not know how many people I referred exactly but I can say that now I have 6 offer keys comparing to 3 I had back in April. My prize was $3.75 of account credit – I can use it for backing purposes 🙂
As of the business, May was also a quiet month. I did not get any total payout but I got about 20 partial payoffs.
With these payoffs, I backed three offers. Here they are:
- Divino with their gelato filled fruits made in Italy
I think this is a very cool product with a reasonable price! I would love to try it myself. I invested $35 and now after giving it a second thought, I think I should have put in more… hopefully, they will be back with more offers.
- Say Please Inc. with their Lunchbox Love for Kids
While I do think they have a cool idea loved by many, my main concern is that their product is easy to knock-off… At the same time, they have a solid distribution system so I hope they will be fine. I put in only $20.
- Teadora, LLC with a variety of skin products.
They seem to be a solid business with a good product and many sales channels. I believe in beauty products as being a good business (given many sales channels) so I put in $40.
If you want to try it out yourself, sign up with my referral to get $5 credit to start backing Kickfurther businesses.
In May, I was busy with selling my condo. It is not sold yet. I have many visitors, which is great but they consume all my energy. Given that, I did not have much time to work on my niche website business. Also, I will skip a week or two of postings for this blog. I need to get some rest.
I finally did my taxes for 2015. The pleasant part of it was that my accountant managed to put my big investments (as you know, I purchased two websites in 2015) as a capital loss or something like this. Thanks to that, my business had a big minus! As a result, I got a very nice tax return 🙂 I do not include it in my income report because it is based on my total income including the salary from my day job.
So, that’s what I was busy with in May. Now, let’s look at the numbers!
The expenses in May 2016 were lower than usual but higher than in April. I have not yet resumed the contract with my VA (read this post to find out why I paused it) and I did not give any work to my writers because I was busy with the offline life.
Also, I cancelled the Hammerhead Domains subscription, because I want to try some other service that has better search tools – or maybe even a private crawler. I registered on GoDaddy Auction site and started looking at auctions… yeah, the auctioned domains are expensive 😐
I also paid for yet another month of the Lightening Rank package for Rat 🐀 Website and this was the last month I am paying them. Starting from this month, I cancelled the package. We will see how the website will go without it.
|Outsourced writing||$5.25||Content for money making websites and for PBN|
|Outsourced VA||$0.00||Did not outsource any work to a VA|
|PBN domain registration||$0.00||Did not register any new domains for PBN|
|PBN hosting||$36.00||For my PBN; Paid for Easy Blog Networks, an awesome solution for PBN hosting (read my review to find out what it is)|
|Majestic 3 month package||$149.97||Paid for Majestic|
|Lightning Rank package||$225.00||Paid for another month of 5 Bolt Package from Lightning Rank for Rat Website|
|GoDaddy auction subscription||$6.09||Registered on the GoDaddy auction to hunt for expired domains|
|KickFurther||$95.00||Re-invested the paybacks received in March and April|
|Tax accounting||$168.18||Paid my accountant to do taxes|
|Meals and Entertainment||$34.55||Had a couple of business lunches as a payment for services|
|Bank fees||$2.91||Some fee my American bank charged me – I still have to call them and ask what the heck it is|
My May income was awesome 🙂 It actually beat April in terms of revenue. The income exceeded $2,000 – back in April, I thought it would not be possible 🙂
Elephant 🐘 Website is going well. It has been steadily contributing the major part to my revenue and has already paid off 45% of the price I paid for it.
Horse 🐎 Website is also doing well. May was its best month with the revenue of 122% comparing to the anticipated one. It has already paid off almost half of the price I paid for it (read here to find out what website nicknames mean).
Also, KickFurther investments have paid back a bit – as usual 🙂
|AdSense by Elephant Website||$904.89||Revenue from the 1st website I bought|
|Amazon by Elephant Website||$462.91||Revenue from the 1st website I bought|
|AdSense by Horse Website||$192.92||Revenue from the 2nd website I bought|
|Amazon by Rat Website||$48.04||Revenue from the website ready made by Human Proof Designs; check it out to see if they have one for you|
|ClickBank||$23.91||Referral sales in April-May for Easy Blog Networks|
|KickFurther||$207.78||Online investments paid back; read more in my post about Kickfurther|
|KickFurther credit||$3.75||Won a referral contest|
Here are my totals for May 2016.
Total income $2,043.93 minus total expenses $722.95 makes a net profit of $1,320.98. Only slightly behind the total number from April!
And here is the graph with the investments included. Much less pretty!
Plans For June
So, what are my plans for the next month?
I plan to continue to be more serious about finding expired domains. I am building a PBN for Honeybee Website, and a PBN audit I did recently showed that my PBN domains suck :-\ So I will spend more time searching for good domains and then moving the content over to them.
I have registered on GoDaddy Auction to see how expired domains are traded. So far it has only shown that auctioned domains are expensive.
Apart from that, I plan to work on increasing conversion on my Rat Website. It already is getting a good traffic so now it’s time to make this traffic work 🙂
Some of the links in this income report are affiliate links. I will receive a small fee if you choose to buy after clicking on any of these links. Thank you if you do!