October was a month where there was some good and bad news.
Let’s touch on the bad news first. Total income reported shows a drop this month. The main culprit is the comic selling portion. This was not unexpected as I have mentioned last month that I will not be selling too many comics even though they have increased in price. The main reason being that I feel these comics will continue to see further price appreciation in the coming months and years. The end result was a pitiful $99 in profit after selling $655 worth of comics.
The good news is that one of the new niche sites, NS2, has broke through the $100 per month mark. To me, it is an important milestone for a niche site. If it continues to earn at this rate this month, I will be a very happy man. This ability to create income streams is important in my early retirement plan. You can easily visualize if I continue to do this, I will have enough online income to retire whenever I want. Best of all, it is so low in capital requirement that anyone can do this.
Below is the revised numbers after taking out one site as mentioned in the September income report.
(Note: I did not include income from any of my authority sites as this table is meant to show only income from niche sites.)
|NS 1 (Beverage)||NS 2 (Appliance)||NS 3 (Bedding)||Old sites||Comics||Total|
Action plan for the coming months
Niche site building
Going forward, I will most likely drop NS #1 and NS #3 from my active ‘working on’ group. NS #1 definitely has some problems being an expired domain while NS #3 is too competitive for me to gain any traffic without resorting to links.
My aim is to replace #1 and #3 with 2 new sites that I have started building since August. NS #4 is a appliance review site while NS #5 is a home decor information site. Both have started to get traffic and NS #5 is showing very strong growth despite being only 3 months ago. Below is a traffic chart showing NS #5’s last 7 days of traffic.
I have not purchased any new sites this year and is something I want to correct before the end of 2014. There is one site I have my eyes on which I hope I can close the deal. That purchase will probably add another $200 to my monthly income stream but I think it has potential to bring in more.
Why I don’t disclose 100% of my income
I have mentioned quite a number of times that I am only showing a portion of my online income. The main reason is that I don’t feel comfortable showing everything as it might create too much curiosity or jealousy such that folks begin to hunt down what I owned. Online is a dangerous world and you never know who is reading your stuff.
At the level that I am disclosing, it is probably not high enough to warrant any kind of special attention. This is why I have adjusted numbers quite frequently to make sure I stay under radar. What I hope to show is that making money online is real and everyone can do it if you put in the work.