Making Alternative Income
I’ve been posting my alternative income for every month lately and while it’s nice to chart how well I do from one month to the next, I started to wonder how much alternative income I’ve made total since I started to monetize my blog and keep track of this stuff. So I decided to count it all up and see where I stand. Here are all the things I’ve counted into the figure in order of how much they’ve made me:
- Freelancing: Writing, editing and translating.
- ING Interest: As passive as it gets, I just keep my savings in there and they pay me 3% interest.
- Other: Referral programs like Money Exchange and links I’ve sold through the blog.
- ING Referrals: When someone opens an account with my promotional link, I get $10 and they get $25.
- Blogging: Ads on my site.
- Amazon: Links to books on Amazon where people actually end up buying a book.
Since November of 2007, I’ve made $690.
My first month I made $45 and on my best month I made $136. The best part? It’s gone right back into my ING account to continually grow how much interest I get. The bad part? I feed my Roth IRA via that account, so every few months it experiences a drop when I invest.
It sounds great, but keep in mind there are people out there making more than this in a month, so in the blogging world this is chump change. For me, however, it’s a nice way to see how I can grow my income. Even if it’s just a little.
April 4th, 2011 at 7:10 am
Hi,
I was very interested to find out the amount of money that you had made from various “alternative” sources. There are a lot of people out there with blogs saying they have made money but not so many saying how much. For a couple of years now I’ve been making about £700 ($1000) per year from advertising on my blogs. That seemed really good the first year but now I’m getting frustrated that I can’t push it any higher.
I’ll be interested to see how you get on with the earn 1k program.
April 12th, 2011 at 6:15 am
Thanks Neil! I’m excited to see how I can make it work for me. Stay tuned…