Online Income and Passive Dividend Income Update for September
I made $2,884.13 in online & passive income for the month of September, 2008. After the somewhat lackluster income over summer, this was a welcome increase.
Here’s the breakdown:
- Online Income: $1799.92
- Adsense: $214.78
- Linkworth: $332.24
- TLA: $241.78
- Kontera: $$45.48
- Direct Ads: $205.55
- RevResponse: $28.23
- Prosper Referrals: $25.00
- Amazon: $58.67
- Ebay Publisher Network: $580.58
- Other/Affiliate: $51.59
- Savings Accounts: $127.59
- Direct Oil Drilling Investment: $387.59
- Dividends from Canroys: $502.09 (after tax deducted at source)
- Other Dividends: $73.51
The affiliate income from Ebay has been growing steadily. It’s more than doubled from August and the total revenue for this year is $1847.67. I think that’s a pretty good return for a little bit of effort (most of which took place in May). In July I added a storefront on this website which focuses on business, cheap real estate, gold coins and other income producing ventures. I recently added a Ferrari and Sports-car for sale page. I don’t expect to sell any Ferraris’ or Lamborghinis’ but I sure enjoy looking at them!
Some of the other ebay affiliate sites are .info sites that I bought .info domains for $0.99 from GoDaddy and created them using BANS software, which automatically pulls the relevant content from Ebay. They’re all hosted on Dreamhost, for which I pay $110/year for unlimited domains. Dreamhost is currently running a special, where you get four times the usual disk-space and bandwidth! Also if you prepay for 5 years you get $150 off. Use one of the promo codes below at Dreamhost:
333373609023
986060012222
593944613024
436480227416
972055933830
Note: Setting up BANS on Dreamhost requires a little bit of tweaking. If you’re not very familiar with setting up websites then I strongly suggest using HostGator for your hosting. They cost about the same and have pretty good compatibility with the BANS software.
For a little more info on how to generate passive income from sites, look at the 2nd half of this post (look for the section on Niche Sites).
For more info on the other online sources of income, check out my previous passive income updates.
Last month was a massacre for my oil and gold stocks. One of them, Tortoise Energy (TYY) was trading under $6/share for a brief period and yielding 36%!. Unfortunately, I missed the buying window and it’s now trading over $15 again. TYY is an American MLP (Master Lease Partnership); dividends are counted as return of principle making them tax-free!
Anyway, its time to wind up this post. I have 3 midterms next week.
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November 2nd, 2008 at 10:54 pm
Hey just curious.. since you’re making about $130/month with an ING savings acct at ~2%, does that mean you have approx $80k cash saved up in that acct?
I try to read your site whenever I can and am starting my passive income as well. I currently have some CANROYS as well as a savings account, however, my savings account is not making nearly as much as yours is..
Just wondering if it’s a special savings account or just a great sum of money?
Thanks!
November 2nd, 2008 at 10:56 pm
chris, its a combination of a large sum of money and a CD that pays more than 2%!
November 3rd, 2008 at 1:16 am
do you really get between 10,000 and 20,000 visitors a mo like compete.com says you do? you must get a lot of traffic from moneyshaker.blogspot
November 3rd, 2008 at 8:00 am
Nice income. I doubt however that ING has the best CD rates in the marketplace.
November 3rd, 2008 at 5:53 pm
Do you use domain embarking anymore? I’m thinking about signing up. About how much do you average per site?
Thanks.
November 3rd, 2008 at 6:34 pm
Excellent income streams! Little tough lately with the Canroys but I am looking to buy some more now.
November 3rd, 2008 at 10:40 pm
michael, i do use embarking. they’re having some problems with their cashflow, so they haven’t yet paid out the last semi-annual amount.
but many of my sites now have a pagerank of 2, which is great when I decide to start using them. I can also put up my ads, but I haven’t really spent much time doing that.
November 4th, 2008 at 5:42 am
Congrats on a good month!
Your canroys look interesting, I’ll have to look into that.
November 5th, 2008 at 10:28 pm
Just curious as to your contingency plan regarding canroys and the preferential tax treatment ending in 2011. All companies will be required to revert back to paying corporate tax again, and some companies may do it earlier than the deadline. Thinking about this myself, as I have PWE in my portfolio and thinking of adding some others.
November 11th, 2008 at 12:58 pm
Great post! I am right behind your numbers, only all of my residuals come from online sources as I’m working to build my residual income online (I guess I could count the rental income as dividends…)
Thanks for the detailed post–I did the same this week for my readers and I think it is helpful.
November 15th, 2008 at 3:16 pm
Wow, you are such an inspiration. This is the site that finally motivated me to get off my butt and get out of debt.
Congrats on that awesome income and keep up the good work!
Norm
November 16th, 2008 at 8:38 am
Hi,
Got only one question about the ingdirect do they have some affiliate program? and if yes where could I got more informatino?