With the start of a new month, it’s time for another update to my alternative income. Last month, I had the biggest jump forward, a near 43% gain as I went to from $50 to $71.49. This month things have really skyrocketted to more than $225.
How did I do it? My Prosper loans continue to grow which contributed a few dollars. I paid off $1000 of my HELOC which lowers my “necessary expenses” column by $10 a month. In the end, almost all the gains this month came from advertising on this blog. I’m at the point where I can pay for my groceries, Internet, cable, heat & hot water, electricity, and cell phone from my alternative income. How did I get all that advertising income? I only have you, the reader, to thank. I’ve been talking with co-workers about what makes money on the Internet and it’s all about audience. That’s the reason that Google paid billions for YouTube, with no business plan. Obviously, I’m working in a much, much, much lower scale, but the principle remains the same – if you provide something that people find interesting.
I try not to write a lot about this blog or how I make money with it, but this is the one day of the month that I bend the rules a bit. I don’t want to be a John Chow where the purpose of the blog is to discuss ways to make money with a blog (that’s my opinion on limited readings of his site). However, if you have some questions, please leave a comment. I’d say that 98% of the time, I answer the questions in a comment or in an e-mail back to the commenter.
Date
Alternative Income
Necessary Expenses
To Go
3/1/2007
$237.33
$1,679.00
$1,441.67
2/1/2006
$71.49
$1,689.00
$1,617.51
1/2/2006
$50.00
$1,689.00
$1,639.00
12/3/2006
$51.00
$1,689.00
$1,638.00
11/20/2006
$33.00
$1,689.00
$1,656.00
10/31/2006
$26.00
$1,689.00
$1,663.00
10/15/2006
$17.00
$1,699.00
$1,682.00