My June 2014 Online Income Report is my first income report from my time of being “unemployed.” If you have been following my Internet Marketing Journey then you will know that I permanently left the ratrace on May 30th.
For the month of June I woke up every day knowing that I was going to be my own boss and I did not have to drive to a 9-5 job and spend 9 hours a day in a cubicle working for somebody else.
Instead I get up everyday and get the opportunity to work on something for myself. I chose when I wake up, when I go to bed and when I get to do anything.
I don’t have to be beholden to a boss to approve my request to take time off for vacation. In fact I am leaving tomorrow to go on a short trip to the north eastern part of the US with my mother and younger sister. We will be gone for 5 days. One day will be spent staying on Monhegan Island in Maine. The other 4 days we are going to be driving 1,855 miles and cover 13 states. Strange way to travel but not unusual for my family. The best part is that the hard work I put in over the past two years has gotten me to the point where I can spontaneously plan a holiday like this and be on a plane less than two weeks later.
Look for a future post where I talk about my daily life during my first month of being unemployed.
Let me get back to my post showing my income during my first month of being unemployed. And without any further fanfare here is my impressive online income report for June 2014
When I decided to quit my day job I gave my employer a 6 week notice. Not to burn any bridges I offered to help them out after I left if they needed my help.
Sure enough I was called back by my employer to do some work because they did not have anybody else that could do the work.
So for several different days I spent a couple of hours here and there helping them out. Luckily for me it was work that I could do from home so I didn’t have to drive into their office.
For June I earned $450 in contractor work for my previous employer. The irony is my previous employer is responsible for about 5% of my earnings this month!
Sale of Website
Several months ago one of my readers approached me about purchasing several of my Amazon Affiliate websites. I eventually sold him two of my websites.
Last month I ended up doing the same thing again and sold another one of my websites. This website had absolutely nothing to do with promoting Amazon products.
Instead this website provided valuable content for people that are interested in self-improvement, NLP and accomplishing their life goals. The main purpose of the website was to funnel people into attending tickets to one (or more) of Tony Robbins live events.
With Tony Robbins events you can refer three people that purchase a ticket and then you get a ticket for free. You can then turn around and sell that ticket for between $400 and $500.
If you refer seven people that purchase a ticket then your get two free tickets and these are upgraded to a VIP ticket. You can sell that VIP ticket for around $750.
Over the past year I had written almost 50 articles for this website. I had also created several unique infographics similar to the one I did for my About Page.
I had not pursued much of anything with this website but I still got free tickets from people purchasing tickets to Tony Robbins UPW event.
A fellow Tony Robbins crew member approached me about the website. We worked out a deal and I ended up selling him the website. He will definitely put in the time and effort to promote the material on the website giving him the potential to easily sell around 10+ tickets each time Tony Robbins produces a UPW event.
With 4 events a year that means he has the opportunity to easily earn around $8,000 or more per year with this website.
I sold the website for $2,500.
Every month I get a check in the mail from Amazon for my Book Royalties. Since I have my books published in both print and Kindle format, I actually get 2 checks each month from Amazon for Book Royalties.
The checks I got last month were much higher than I have gotten in previous months. Not sure why there was increase. I am just glad to have the extra bump in income when I cash the checks.
In June I earned $94.33 in Book Royalties from Amazon.
I am putting my Adsense income right next to Book Royalties because I do absolutely no work to generate the income from either of these sources.
Just like my book royalties I saw a big increase in my Adsense earnings. In fact it was such a huge jump that I double checked it to make sure I had it right.
My HVAC Zone website is my biggest source of income with Adsense. Last month I had a huge jump in orders from Amazon that originated from my HVAC website. I promote books on HVAC certification as well as tools that HVAC contractors need to have.
Evidently there was another Google update recently and my website got a positive benefit from this update. My website moved up in rankings about books and exam prep guides for the HVAC exam. This resulted in people purchasing the books from Amazon. This also greatly increased my Adsense income.
In June I earned $49.54 from Adsense income. Clearly last month I earned an amount equivalent to what I earned the previous 12 months combined.
After having stellar increase in income for Book Royalties and Adsense, I did not have the same outcome with sales of my own products.
In fact June may have been the worst month in the sales of my own products in the past year.
This shows the wisdom of having multiple streams of income instead of putting all of your eggs into one basket. When this income stream tanks then I have two other income streams that are up greatly to offset this loss in income.
In June I earned $270.40 from sales of my own products.
There are many people that are easily generating five figures a month in income selling solo ads. I do sell solo ads but I do not earn the same amount of income.
Instead of trying to spam your email list by sending emails to them two or three times a day in hopes they click on a link, I have chosen to take another path with solo ads. I get people on my list that are more likely to spend money than people you would find on a traditional solo ads list. Then I market to them products that they might use. if they purchase then I get a commission.
My unsubscribe rate is much, much lower than you would see on any traditional solo ad list. Plus my open rates and click thru rate (CTR) is 10x to 15x greater than with a traditional solo ad list.
For example I can recommend a $97 product to my list and end up with 5 people purchasing. With 50% commission I just earned $242.50 in commissions.
Most traditional solo ad sellers charge around $40 to send a 100 click solo ad. Compared to me a traditional solo ad seller would have to sell 6+ solo ads to generate the same amount of income I got from sending one email to my list. As you can see this “modified” method of solo ads that I have adopted has turned out to be quite profitable.
During my first month of being unemployed I spent quite a bit of time building up my list. As a result I ended up moving my lists from Aweber to GetResponse. The primary reason being cost. The size of my lists started moving me into the larger price brackets for Aweber. Having the same number of contacts at GetResponse would save me quite a bit each month.
Overall the user interface on Aweber is much better than GetResponse. Every other functionality like creating a new list, sending emails to lists and setting up autoresponders is the same between the two. Get Response is cheaper.
If you are interested in trying out Get Response, click on this link and get a $30 credit when you become a paying customer.
My modified method of solo ads generated $1,891.00 in income in June.
Affiliate Marketing is clearly my bread and butter both in expertise and ROI. This is the method most people use to break into making money online.
This is one of the most cost effective method of generating income without worrying how to rank on the first page of Google or going through the process of producing and selling your own products.
Anybody can do affiliate marketing.
Even though I do not promote products or have affiliate links and banners on my website like most of my competitors do, I still promote products to my list.
In June I earned $1,020.00 from Affiliate Marketing.
Last month I earned income from producing a video for a friend for a marketing event. Unfortunately this month I didn’t earn any income from Video.
So you might wonder why I am including it in my June 2014 online income report? Well the simple answer is vanity. I produced a video for my younger sister for the first Geocache event ever in Jackson County, Georgia.
You guys are just going to have to suck it up and watch this video that I created for her to show to all the government officials in response to the event.
It was an incredible event. Blackshears, GA does an annual Geocache event and they had 49 people show up at their event. So initially they wanted to have 50 people to show up just to beat them. The reality is they ended up with 326 people attending the event on May 28th.
The first Geocache in Georgia was placed in 2000. In one month the Jackson County Heritage GeoTrail event which had 30 geocaches has put one geocache in the top 25 Favorite Caches in Georgia and 12 in the Top 50 Favorite Geocaches in Georgia.
It was an amazing and highly successful event and I am very proud of my younger sister for what she has accomplished. Now you can watch the video I created for her.
I am continuing in my journey to learn more and more about Facebook Ads. I have had some successes and some failures.
I am running Facebook Ads to get people to optin to my list so I can promote to them using my “modified” solo ad method. I am also promoting other people’s products with Facebook Ads.
In June I earned $2,275.27 from Facebook Ads
My June 2014 Online Income Report Results
My first month of being unemployed was without a doubt a smashing success. Here are the results:
$94.33 Book Royalties
$2,500.00 Sale of Website
$450.00 Contractor Work
$270.40 Product Sales
$1,891.00 Solo Ads
$1,020.00 Affiliate Marketing
$2,275.27 Facebook Ads
$8,550.54 June 2014 Online Income Report Total
My first week of being unemployed started off very slowly. In fact it was so slow that I started to panic thinking I would not generate enough income and I was having nightmares of being hungry and homeless.
After my first week I really kicked it into gear. For three nights in a row in my second week I found myself working until 3 AM 2 AM and 3 AM. That is what you call putting in really long hours at the office.
When I sat down to calculate up my income for the month did I realize that I clearly had my best month ever. That was a comforting feeling because now I no longer have visions of being hungry and homeless.
In my day job I took home a little over $3,400.00 per month in income. In June I generated enough income to equal what I would have earned in 2 1/2 months in my day job. Clearly I made the right decision to give up my day job and I am looking forward to many, many more months of being unemployed.