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Since October 2015, every month I publish a detailed report with all the accounts for my online businesses. On them I include the earnings and expenses, I tell a little bit about my personal experience and what new things I have been trying during this period of time.
I explain as well what my future targets are and if the previous ones have been achieved or not. Why doing this?
- It helps me to keep track of my personal finances. In any moment of time, I can look back at my reports and see what steps and results I got from determined strategies, like a log book.
- Increase trusting. I also want to show you that I am a real person starting from the first step. There are many amazing bloggers out there reporting their incomes of thousands of dollars, but I found very little bloggers reporting low amounts of money like me. I think this can help to starters and to people who are not decided yet to start their own online business.
- Motivation. Writing here my results will put me on that kind of uncomfortable position in which I need to demonstrate that I can go one step further instead of getting lazy and rely on excuses. My finances are open to everybody!
I know that every month I say the same, but it’s the truth. All earnings here reported are coming from Passive Income sources. I am not including any kind of outsourcing because the intention is you show you how far I can go with only passive income sources.
This is my 14th month reporting my accounts and I simply love it! I can’t believe I started this month one year ago, it just feels great =)
You can have a look to some of my previous monthly income reports:
- Income Report December 2015 – $161.53
- Income Report January 2016 – $228.33
- Income Report April 2016 – $307.27
- Income Report September 2016 – $660.22
IMPORTANT THINGS GOING ON IN NOVEMBER
Focus On Pinterest
On November I spent quite a few time on Pinterest. I heard that many bloggers use it to promote their articles.
This month I wanted to give more importance to Pinterest and see if I can generate traffic out of it. I already had an account but I’ve never promoted it very well.
What I did is to join as many boards as I could on topics related to my website. Then I shared some of my content and other blogs content on these boards.
The most important here is to create Pinterest friendly pins, this is vertical pins with some colored text. You can visit my Pinterest profile here, so you know what I’m talking about.
My New Traffic Strategy: Tailwind
Tailwind is basically a Pinterest pin scheduler. It allows you to schedule your pins at specific times and in different boards. It saves me a lot of time and I can do bulk schedule in less than 30 minutes.
I already used the free trial which allows you to schedule up to 100 pins, but I wanted more. So this month I paid the membership for Tailwind and it has been a total success. My traffic has increased by x4, you will it below in the traffic section.
If you want to start using Tailwind you can get 2 free months when paying for 12 months by using my link.
Extra Effort On Twitter
This month I promoted my Twitter as well. I put extra effort on this and it paid very well.
My blog got so many new followers and visits from Twitter. You will see more details of my Twitter strategy below.
10% Earnings Donation To Children With Disabilities
Last month I made an important decision, a decision which will change the life of many people. From September onwards I’m putting a 10% of my monthly earnings aside.
This money will be donated every month to different charities. I want to help children with life-threatening, terminal illness or learning disabilities.
With this blog, I want to be successful but also I want to make a difference in other people lives.
My wife has a little dream since she was a child, she wanted to build schools in China (from where she is from) for children with problems and learning disabilities.
The first time she told me, I felt so touch that I made a promise to myself, a promise that I will never forget: if one day I make enough money to build a school, I will do it.
So, why to wait until that day? I can start helping from today.
That’s why from today I promise myself and I make it public to you that a 10% of the money earned with any of my websites will be destinated to support people who really need it.
So the more I grow my online business the more I will help children facing problems.
What do you think, do you like the idea?
Passive Income Wise
This month I created a lot of new images for my Pinterest boards and also for Twitter and Facebook.
Also, I’ve been working on a few posts which you will enjoy.
- Google AdSense vs Monumetric: Which One Is Better?
- Passive Income Report October 2016
- 7 Blogging Hacks That Will Save You 40 Hours A Week
- Earn Cash Back When You Shop This Holiday Season
- Income Roundup Report – November 2016
The first one is a review of Monumetric, my favorite ad network. Since I changed from AdSense to Monumetric I almost increased my earning in a 300%.
And now… let’s start with the interesting part. I know you are here to check out my numbers 🙂
Google Adsense (from niche site 1 ): $90.78
- Previous Month: $55.80
- Difference: + $34.98
Monumetric Ads (from niche site 1): $130.76 Start with Monumetric for free if you have more than 80k pageviews
- Previous Month: $225.50
- Difference: – $94.74
PadSquad mobile ads (from niche sites 1 & 2): $162.71
- Previous Month: $166.01
- Difference: – $3.30
Paid surveys: $115.60 Read my post about 7 Free Online Survey Sites To Join For Extra Cash
- Previous Month: $36.14
- Difference: + $79.46
Consulting Work: $162.50
- Previous Month: $208.00
- Difference: – $45.50
- Bluehost: $200.00 How to start a blog with WordPress and Bluehost
- Content Samurai: $22.56 Read my Content Samurai review
- YouTube (from niche site 1): $0.86
- Amazon Affiliate Program: $7.09
- ShareASale Affiliate Program: $0.00 Click here to read my post about ShareASale
- Grammarly: $0.00 Click here to start using Grammarly for free
- Qmee: $1.88 Click here to read my post about Qmee
- Redbubble: $18.10 Design and sell T-Shirts
- Disqus (Ads in comments): $2.92
- TailWind: $0.50 Click here to start using TailWind for free and increase your Pinterest traffic
In February I needed to upgrade the hosting for my Niche Site 1. Before I was using a shared hosting with a limitation of 150 GB of transfer data, now I have my own VPS in where I have up to 5,000 GB and I can host an unlimited number of domains. A total of $62.00.
- Consulting Work Expenses and Charges: $32.50
- Google AdWords: $62.00
- Other expenses: $27.57
Net Total Balance: $915.99 – $184.07 = $731.92
- Previous month: $583.95
- Difference: + $147.97 (+25.3%)
November has been the best month so far in terms of income and net total balance. The expenses have been a little bit high compared to other months. The main reason has been the purchase of Tailwind but the results have been amazing.
The consulting work is coming from people who contact me to hire my services. It seems some readers like the way I do things. Great! More than $150 this month will help to cover most of the expenses.
This is my 14th month reporting my accounts and it seems to keep growing little by little which makes me so happy. Obviously, it’s nothing to compare with other famous bloggers, but for a starter like me, it’s considered an important milestone. I am having nearly $600 profit and this is starting to be very exciting.
Imagine what would you do with an extra $731 per month?
The graph below shows my income and expenses since I started with my Niche Site 1 in February 2015. It seems incredible that I’ve been on this for more than one year!
The graph below shows the balance or profit which is calculated as:
Balance = Income – Expenses
November is the third month I am donating a part of my income to children with health issues and learning disabilities.
Since September, every month I’m sharing how much money Passive Income Wise is giving to help these families.
Income Donated This Month: 10%($731.92) = $73.19
Total Income Donated Accumulated = $189.65
Nice! One step closer to build a school in China!
I only report social media related with PIW.
Twitter. If you don’t want to miss any of my new tweets follow Passive Income Wise on Twitter
- Followers: 5,812 (+3,320)
Pinterest. Check out my new Pins by following Passive Income Wise on Pinterest
- Followers: 2,164 (+133)
- Likes Page: 226 (+4)
- Friends: 1,621 (+8)
- Subscriptions: 237 (+93)
That’s everything for this past November. I wanted to publish also my targets for the next month, but you know what? I keep it for myself for now. If for a couple of months I see that I achieve them I will share here with you 🙂
Did you like my November Income Report? Are you interested in earning income online?
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