My goal in building an online business is to earn more than I currently make in my day job so I can quit the ratrace. In calculating my December 2013 online income report, this year I was able to earn 87% of my day job income through my online business. Just an increase of another $50/day in 2014 will allow me to finally quit my day job.
2013 is the first year that I have tracked my monthly online income. Here is a comparison of my yearly income from my day job versus my online income.
$35,870.05 day job income
$31,305.66 online income
Here is a breakdown of where I earned money online December 2013
For yet another month I have seen an increase in my adsense earnings. All of this is coming from my niche website iHvacZone. It took several months to get my niche website ranked for about a dozen different keywords. Now that it is ranking the number of daily visitors to my website has grown.
I created this website in response to the Niche Website Duel run by Pat Flynn. Check out my articles on overcoming adversity and raining success stories to learn how I picked my niche website and got it ranked for selected keywords.
My adsense earnings for December increased of my earnings from November. This is 3 straight months that my earnings have increased with adsense. In December 2013 I earned $8.49 from adsense.
This is yet another income stream that I am able to bank each and every month while doing absolutely nothing. I published several books on Amazon several years ago.
Every month since then I have banked my book royalty checks. It is a nice stream of income. If I spent time actually promoting my books I am sure that I can probably double this monthly income.
Without doing anything I earned $134.31 from book royalties from Amazon.
A year ago I published my Amazon Affiliate Bible. It was a very comprehensive course detailing how to improve your conversions and income from being an Amazon Affiliate.
Even though it was geared toward Amazon Affiliates the information in my Amazon Affiliate Bible could be applied to anyone that is an affiliate.
Since releasing the Amazon Affiliate Bible, I keep getting affiliates that want to promote my product. As a result I get income from the sales.
I pay 60% in commissions to affiliates so I only earn 40% from each sale. Even so in December 2013 I earned $136 from product sales.
I have said it before and I will say it again – Affiliate Marketing is my bread and butter for making money online. If you have not created your own product to sell then you can start making money online by promoting other people’s products.
If you are not sure how to get started with affiliate marketing I put together a 7 step process to follow with affiliate marketing. It is broken down into two different posts. You can read part 1 here and part 2 here. After reading those read the post about 7 traits of successful people on how to get started with affiliate marketing.
I promote a wide range of affiliate products. In December I am proud to report that I earned $91.10 in commissions from Rogue Fitness. The income from this affiliate program has been steadily increasing each month. I can’t wait till I get this up to around $500 per month!
I also took in a nice commission check from Dragon Door. When you promote affiliate products make sure you promote a wide range of different products.
During December I earned $1,887.32 from affiliate marketing.
My December 2013 Online Income Report Summary
Here is the breakdown of my online income for December 2013$8.49 Adsense
$134.31 Book Royalties
$136.00 Product Sales
$1,887.32 Affiliate Marketing
$2,166.12 December 2013 Online Income Earned
Finishing Strong in 2013
I started posting on a regular basis to my blog in 2013. In 10 months I was able to build my website to point that it ended December 2013 I had 5,066 visitors.
I made my first post in February 2013 and I had an average of 21 visitors per day. By the end of the year my website had grown to an average of 163 visitors per day. That is tremendous growth and I thank each and every one of my readers for joining me on my journey.
Projections for 2014
I have been working on my new meal plan website MyEdesia. In January I will be working on content for the website and branding the weekly meal plans.
My programmer is scheduled to start working on my map website on Monday. He is projecting it will take him 2 weeks to complete the website.
I provided a very detail update on my two new websites in my recent update post. It is worth reading because it shows you the ups and downs I have experienced with both websites. It also shows how persistence has paid off greatly in the development of both websites.
In 2013 I earned 87% of my day job income from my online business. My goal is to grow this so that it is at 100%+. This will allow me to quit my day job and escape the ratrace.
I have high expectations for these two new websites. I only need $50/day more in online income to escape. These two new websites will get me to that point.
The first thing I will do when escaping the ratrace will be to visit Fiji to thank my coach who has helped me to grow and change as an individual. This growth has had a tremendous positive impact on my success this year. It is an interesting story how we crossed paths and I eventually got him to be my coach.
What are your goals for 2014? What effort are you taking to make sure you reach those goals?