This month I felt the full impact of losing my 2 largest affiliate programs. The reality that those sales are no longer present in my income stream really hit home. The net result is that I earned only $2,114.45 in July.
I have already moved on since loosing my two largest affiliate programs. If you haven’t read about what happened read my blog post that explains exactly what happened. These were the bulk of my online income. I had some residual income from these 2 in June but nothing in July. It sucks but it gives me the opportunity to open quite a few new doors. I started out with my new niche website iHvacZone and I am looking to get it ranked and monetized.
Now that I am back from my 10 day holiday I am going to start promoting SafeRide4Kids.com. I have over 60 articles written and I will start putting them out in web 2.0 websites, doc sharing sites, ezine sites and presentation sites.
I spent this past weekend looking at other WSOs on WarriorForum and made a list of all the items that they offered. I am putting together my own WSO as another mechanism to create money online. I want my WSO to offer more value that what is found in most other WSOs.
I purchased a lens a while back from someone on the WarriorForum. I have been presently surprised that this lens was making some money each and every month. Especially since I was doing nothing to it. I decided to go in and make some changes to the lens and try and improve its monthly income. Well this was a mistake because as soon as I published the lens after making the changes Squidoo locked and unlisted my lens.
Seems this has been happening to quite a few other people. Erica Stone who is the Squidoo queen recently sent out an email that Squidoo was doing the same things to her lens. Then she said that Squidoo closed her account even though she was a Giant Squid and she lost all of the income from over 300 lens.
Well now I have a chance to follow Erica’s directions and either take the content and publish it on my own website or change the content of the lens to get it accepted by Squidoo. I think I am going to do the latter since I don’t want a website dedicated to just container gardening.
Even with my primary lens being locked I still earned $16.41 from Squidoo.
When life gives you lemons then make your own products. If you control your own destiny then you can’t be subjected to the whims of having someone close your affiliate account or remove your lens. I will be creating my next WSO this month so I can control my destiny.
During July My Amazon Affiliate Bible sold 20 copies. Actually it sold more copies than that but I pay affiliates 60% in commissions. The way WarriorForum payment system works is that payments are split between myself and the affiliates. I get the whole $17 for one sale and then the affiliate gets the whole $17 for like the next 3 sales. So my commissions reflects only the sales where I received the full $17 payment.
During July I earned $340.00 for sales of my Amazon Affiliate Bible.
Affiliate for other Products
If you have ever read my Amazon Affiliate Bible, you will see that I recommend other products. I actually go through my Bible and show you how to use these products. Once you see how they are used then you can decide whether or not to purchase them.
During July I earned $70.28 in commissions from the products I recommended in my Amazon Affiliate Bible.
This has been and probably always will be my biggest source of online income. It will eventually be replaced by sales of my own products as I start to produce more and more products. Even though I lost my 2 largest affiliate programs I still receive income from other affiliate programs.
In July I earned $1,562.45 from affiliate marketing.
As I jumped into Solo Ads I learned about Pay Per Lead programs. Once someone opts into your list then you can send them to another page to opt-in. If they sign up then you get a commission. If you send enough of the people that opt-in to your list to other PPL programs then you can actually make more money than the cost you spent on the solo ad.
Even though I did not do much with solo ads in July I still got commissions from the PPL program. I earned $4.50.
Also in July I participated in a big JV giveaway event sponsored by Kevin Fahey. There were 35 people participating in the event and I ended up placing 6th. Not bad for my first JV Giveaway event. As a result I ended up earning $60 and I added almost 400 names to my solo ad list.
All total in July I earned $64.50 from solo ads.
P.S. I have finally put together my table showing the results of all my solo ads that I have ever purchased. You can sort the list based on any column. If you want to see the results I have gotten from the solo ads I have purchased then you will find it here. If you want to purchase a solo ad from any of these sellers I have included the contact information for almost everyone. Here is my solo ads rolodex.
When I talk about creating your own products to control your own destiny, book royalties is one method you can use to control your own destiny. You don’t have to limit yourself to creating WSOs.
My books in July created $60.81 in book royalties.
July 2013 Income Report
Here is the total break down of my July 2013 Income Report.
$1,562.45 Affiliate Marketing
$340.00 Product Sales
$70.28 Recommending other products
$64.50 Solo Ads
$60.81 Book Royalties
$2,114.45 Total July 2013 Income
My reason Why
This total comes out to $60.28/day for the 31 days in July. For the first 6 months of the year I was averaging over $100/day. So this was a drop of about 40%. If you had your income from your day job drop by 40% it would hurt and would probably devastate many people.
I am glad I still have my day job income and this online income just provides me with extra disposable income. If you didn’t check my last post I recently traded in my 15 year old car for a brand new Kia Optima EX car. My online commissions paid for the down payment.
In addition I just returned from a 10 day trip abroad with my mother and younger sister. This sounds crazy but we visited England, Wales, Scotland, Isle of Man, Ireland and Northern Ireland in 9 days. My online commissions completely paid for my trip.
I work hard each and every day to build my online income so that it provides me with the opportunity to have experiences in my life. I don’t want a big mansion or a Ferrari. Instead I want to be able to travel to 100 countries – I have been to 66 countries now. That is my WHY. Without a reason WHY you will NEVER NEVER NEVER EVER put in the time and energy that you need to accomplish your goals.
The current speed bump that I went over in the last two months just further hardened my resolve. The holiday was a nice way to recharge the batteries and enjoy life. Now that I am back I am going to be making some major changes and get my online income back up.
My goal before the speed bump was to earn $250/day by August 31st. My new goal is to earn $250/day by December 31st.
What is your goal? What are you doing to reach your goal? What are sacrificing to get there? I will leave you with the saying my coach taught me and words I find myself silently repeating to myself when I face challenges. (You can read about my coach here)