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Monday, November 10, 2008

Passive Residual Income Monthly Report

Interested in my passive, residual income progress? Well, my monthly report is here ... but I must be honest, it is with some trepidation that I post this month's totals.

I have never written about my "regular" freelance writing money, as it's not my style to discuss personal income. However, I have shared my residual income and eHow earnings from the beginning, since this was just "extra" and with eHow's vague earnings detail, I thought of it as an encouragement and service for others.

But as my readers know, I have been slowly replacing my active income with residual income streams. While I am still doing some paid freelance writing and editing, I'll soon be focusing all my work time on building ongoing income sources.

For privacy reasons, I've decided that I will no longer give monthly totals. However, I will explain HOW to achieve significant residual income, talk about maximizing income streams in detail, and I may let you know income amounts for specific sources throughout the year. For example, one month I might talk about my eHow income and the next, about Bukisa residuals.

I think through this blog I have clearly demonstrated the value of residual income streams, the unlimited possibilities of online income and that it is achievable, even by busy, overworked stay at home moms like myself.

WriterGig's Residual Income Report October 2008
eHow $1,615.17
eJunkie $646.72
CJ $115.72
Lulu $111.79
Amazon $110.38
HostGator $50.00
Adsense $4.40

TOTAL $2654.18

It was my best month ever for online residuals, and exceeded my expectations by quite a bit. My only overhead was getting my computer fixed (tax deductible $150) and webhosting ($15). I already deducted the cost of affiliate payments and host fees from the other numbers.
Sales of my eHow eBook (which is a great guide for those trying to maximize eHow earnings, by the way) were good, and I expect them to be even higher in November with the revamped sales page.

P.S. If you know me in real life ... no, I'm not rich yet. My residuals covered property taxes and unexpected income loss this month. We're still working toward our debt-free goal. ;)


P.P.S. I'd love to hear about your residual income progress or new sites you're trying. Also, let me know if this was an encouraging post for you. Please share in the comments section, below.

16 comments:

Write for eHow said...

Of course it was an encouraging post! Those are excellent earnings. Congrats!

I understand your need for privacy but I'm glad to hear that you'll share some info with us going forward. Particularly as it concerns new revenue streams like Bukisa.

Wishing you continued success,

Julie

jen brister said...

Thank you so much for sharing! It's always encouraging for those of us who are trying to make it to the next level to see someone who is succeeding!

conner.ash said...

It is most definitely encouraging! I am a new eHow writer with only 18 articles written and $5.50 earned TOTAL. I'm hoping to one day get a larger income coming in each month from this. Looking forward to it, knowing that it can happen. Congrats and I hope your success continues and increases!

Felicia said...

Wow! What an inspiring post!

Thanks for sharing Maria.

As you know, I recently started with eHow as a result of your book. While I have other income streams, currently I'm most excited about eHow. I hope my eHow earnings trend as yours did.

Keep up the great work!

JPaint said...

Outstanding! Thanks for sharing. I continue to set my goals high because of your success!

Gracie said...

yeah, you are pretty much super awesome! Thank you so much for sharing this with us, something to work toward for sure!

Maria said...

Thanks for the comments, everyone! I wish you all the best succes with eHow!

The Verbal Warrior said...

I'm so glad to have met you...and today, just having a moment to look at your blog, you're definitely going to be a steady source of inspiration!! I'm gonna look you up on Bukisa! :D

passivefamilyincome said...

Very encouraging post. I have been trying to create as many passive income streams as possible.

Suzanne Wells - The eBay Coach said...

Are you kidding me Maria? $1,600 on eHow in one month? WOW!! Thanks for sharing your tips for success, they are certainly working for me.

Suzanne

Jamie said...

OK, so I finally broke down and bought your e-book. I had already figured out some of what the book suggests, but there were other tips that had not occurred to me. I have a couple of articles on eHow that perform consistently well, and others not so much. Now I know why!

I'm usually wary of e-books, but your success, and your friendly, down-to-earth tone, was what really drew me in. Nice job!

Maria said...

Thanks for the comments! Jamie, thank you--I was inpired to write my eHow guide after fielding tons of questions form other users and writers on eHow topics. I am glad it has helped others.

CheapBastid said...

I just started using eHow a few weeks ago and already have some income. Not much mind you, but it's a start. I'll be looking at Bukisa tonight and will probably write there also. Thanks for the info and inspiration!

Rachelle said...

I notice that you don't even bother to write for Associated Content(AC). I'm really feeling like AC isn't really worth it. What are your thoughts?

P.S.
This is a most encouraging post, keep them coming!

Miss Lisa said...

Thank you so much for this information. I am looking into signing up on Lulu. Your blog is inspiring to me and I hope I can find the success you have. Good luck.

passive residual income means financial freedom said...

Hi Maria,

I'm very impressed to see how much money can be made from ehow.
I discovered this site very recently and bnever thought it could be so profitable.

About tour $4.40 with Adsense this is mainly due to the position of your ads.
Just imagine how many people read a post until its very last sentence.

Most readers scan reading here and there. That is to say your ads shoud appear before scrowling down.

The reader should be able to see them without touching the mouse.

I hope it helps!
Arthur.