June 2010, Earnings Report

1. Ehow:                                 $80.19
2. Constant Content:         $0.00
3. Shutterstock:                  $62.87
4. Dreamstime:                   $22.81
5. BigStockPhoto:              $23.15
6. iStockPhoto:                   $11.20
7. Fotolia:                             $2.00
8. Field Inspections:        $0.00
9. Focus Groups:               $0.00
10. e-Junkie Affiliate:        $18.87
11. Commission Junction: $19.85
12. CashCrate:                      $40.26
13. Project Payday             $0.00
14. Google Adsense:          $122.12
15. Vibrant Media:             $18.39
16. Blog Advertising:         $0
17. ebook Sales:                   $94.99
18. Amazon Associates:   $0.00
19. User Testing:                 $10.00
20. iPhone App Sales:       $61.25  (Half of $122.50)
21. iPhone AdMob:            $TBD
22. Android App Sales:    $4.00

 TOTAL RESIDUAL INCOME:  $591.95

+/- April Earnings: -$179.92  (Was $771.87)

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As far as the positive items go, nothing really stands out - my ebook did $125 for the month, which is not too bad.  My other earners like eHow, Shutterstock, iStockPhoto all remained consistent.  On a negative note, my CashCrate earnings have simply plummeted – $65.22 is a far cry from the $182.97 that I made just two months ago.  I am not sure what else I can do to create more earnings from CashCrate.  Even though I am down almost $300 from last month, I have a good feeling about June and my goal is to obliterate my best earnings record of $1,070.45.  Also, our new iPhone app goes live very soon and I have high hopes for this one!  Below is my earnings report for May, 2010…

May 2010, Earnings Report

1. Ehow:                                 $81.80
2. Constant Content:         $28.90
3. Shutterstock:                  $68.96
4. Dreamstime:                   $15.52
5. BigStockPhoto:              $20.00
6. iStockPhoto:                   $30.03
7. Fotolia:                             $4.44
8. Field Inspections:        $0.00
9. Focus Groups:               $150.00
10. e-Junkie Affiliate:        $23.85
11. Commission Junction: $35.62
12. CashCrate:                      $65.22
13. Project Payday:           $0.00
14. Google Adsense:          $83.89
15. Vibrant Media:             $22.65
16. Blog Advertising:         $0
17. ebook Sales:                   $125.00
18. Amazon Associates:   $5.34
19. User Testing:                 $0.00
20. iPhone App Sales:       $2.10
21. iPhone AdMob:            $6.55
22. Android App Sales:    $2.00

 TOTAL RESIDUAL INCOME:  $771.87

+/- April Earnings: -$298.58  (Was $1070.45)

Best regards,

Michael-John Wolfe

Tags: make money online, residual income, royalties

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You’d think I would be happy with this month’s earnings since I broke the $1,000 barrier for the first time, but in actuality – I am a little dissappointed with the results from many of my sources.  A few negatives were my complete lack of earnings from Constant Content, which has consistently made me at least $60 a month for the past year.  My CashCrate earnings were also dissappointing since I actually built a dedicated blog to attract CashCrate referrals and my earnings were almost $200 last month.  To have my CashCrate earnings drop down to only $96.77 is not what I had hoped.  My new iPhone app only made $9.80 in the two weeks that it has been live.  I am hoping that once the free version of iTimeOut is available on the app store, I will make at least $40 to $50 a month from AdMobs.

My stock photo sales, Google adsense and my eHow earnings pretty much did what they do every month and it is nice to know that I can consistently count on these sources of residual income.  The biggest positive for me was my earnings from UserTesting.  I did a post a few weeks ago about UserTesting and I did not seem to get much interest from my readers and only a few people even commented on the post.  Let me tell you, UserTesting is the bomb!  Prior to doing these wesbite reviews for UserTesting I was trying to make money writing articles.  Writing takes so much effort and time and I never know if my articles will actually sell.  With UserTesting I simply accept a job, put on my headset, give my verbal feedback on a website and I make a quick $10.  Simple.  Most UserTests take me about 12 minutes and it seems like I have been getting a PayPal payment from UserTesting almost every day.  If I did not have two small children making noise in my house, I could have easily made $400 this month from UserTesting.  (You should do your reviews in a quiet environment.)  Overall, this is the best way to make money online that I have found in a while.  Vibrant Media also looks to be a good source of income and I earned $10.98 in just one week.  I imagine that in a full month I should make at least $30 to $40 from these in-text link ads.

 As you can see I have a long list of income sources and no real strength.  They say if you throw enough shit at the wall, eventually something will stick.  Well I’ve got an empty wall full of dents with a big pile of shit on the ground in front of it!  Even though this is the case, I am not ready to give up yet.  I have another iPhone app in development and a few other irons in the fire.  I am happy to see that this blog has become a forum for many different money making ventures and each day I can see the number of new visitors to Residuals and Royalties steadily increasing.  Below is my earnings report for April, 2010…

April 2010, Earnings Report

1. Ehow:                              $68.61
2. Constant Content:      $0.40
3. Shutterstock:               $53.32
4. Dreamstime:                $27.77
5. BigStockPhoto:           $15.25
6. iStockPhoto:                $24.21
7. Fotolia:                           $6.41
8. Field Inspections:      $150.00
9. Focus Groups:             $125.00
10. e-Junkie Affiliate:        $5.00
11. CashCrate:                     $96.77
12. Project Payday:           $15.00
13. Google Adsense:         $95.43
14. Vibrant Media:             $10.98
15. Blog Advertising:         $0
16. ebook Sales:                  $125.00
17. Amazon Associates:   $0
18. User Testing:                $240.00
19. iPhone App Sales:       $9.80
20. Android App Sales:    $1.50

 TOTAL RESIDUAL INCOME:  $1070.45

+/- March Earnings: +$161.02  (Was $909.43)

It is a good sign that I have seen an increase in my monthly earnings every month since I first started keeping steady monthly earnings reports.  I would need to make at least $5,000 a month from all of these sources to say that I “make a living” from online income.  My goal is to hit the $2,000 a month mark by January of 2011 and go upwards from there.  I’d like to thank those of you who come back day in and day out to follow me on this journey. 

Best regards,

Michael-John Wolfe

Tags: make money online, residual income, royalties

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By looking at other successful bloggers in the “make money online” niche, I can see that many of them have succeeded with selling ebooks, Amazon Associate websites, private advertisers on their blogs, iPhone apps, CashCrate and Google Adsense.  These seem to be the primary sources of online income for the successful bloggers that I have been following.  I am going  to try and cover all of these arenas over the next year.   Here is a breakdown of my March earnings from all of my various money making sources…

March 2010, Earnings Report

1. Ehow:                              $62.35
2. Constant Content:      $107.50
3. Shutterstock:               $65.53
4. Dreamstime:                $28.78
5. BigStockPhoto:           $13.00
6. iStockPhoto:                $22.61
7. Fotolia:                           $0
8. Field Inspections:      $100.00
9. Focus Groups:             $125.00
10. e-Junkie Affiliate:        $0
11. CashCrate:                     $182.97
12. Google Adsense:         $116.69
13. Blog Advertising:         $0
14. ebook Sales:                  $75.00
15. Amazon Associates:   $0
16. User Testing:                $10.00

 TOTAL RESIDUAL INCOME:  $909.43

+/- February Earnings: +$296.36

My first ebook “How to Start a Limousine Business” started off strong with four sales in the first  week it was available.  Then sales started to dwindle and I even had two people reverse the charges after purchasing my ebook.  This was not how I was hoping my sales would look at the end of  March, but I am hoping that my SEO investment in LinkWheeler will get me to the top of the search engines for “How to Start a Limousine Business” as this should help increase my overall sales. 

On another note, I got a phone call from an executive with “As Seen on TV” who had some interest in my No Splatter Ring.  She told me she does not think it could be sold as a “stand alone” product – but it could be an excellent “add on” for another product.  She told me she would be submitting my NO Splatter Ring video to some of her vendors who may be intersted in discussing the possibility of manufacting my product.  She did say that this process could be lengthy and I may not hear back from her for months.  But the fact that she took the time to call me and submit my product give me some hope!

Looking at my other sources of income, I was most impressed with CashCrate.  My CashCrate earnings increased by over a $100 this month.  I went from $72.21 in February to $182.97 in March.  I am very pleased with this program and it’s results, plus CashCrate pays me on time every month.  My stock photography earnings seemed to stay the same, as well as my eHow earnings – which remain pretty consistent at around $60 a month.  I completed my first website review for User Testing yesterday and this site holds some promise as a possible money making source – I earned $10 for 15 minutes of my time.  Hopefully I will cross the $1,000 mark for my April earnings report.

Best regards,

Michael-John Wolfe

Tags: make money online, residual income, royalties

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There was not much of an increase in my monthly total – but my ebook was only for sale for one week.  I am eager to see what a full month of sales will do for my totals.  I am hoping that adding a second ebook will bring me up and over the $1,000 a month plateau.  I also will have a guest post going live on a very popular blog soon and I am interested to see how the additional traffic will affect my earnings. 

On February 2^nd, I had the most unique visitors to my blog in one day – the total was 1,012.  If I can get to that figure on a consistent basis, I am bound to have some advertisers knocking on my door soon.  One thing to note, StockXpert is no longer on my earnings report because they closed up shop this past month.  Which is too bad, because I really liked their website.  I also have four new sources of income listed below: SquishyCash, Treasure Trooper, YouData and my eBook sales.  I was ver happy to have my CashCrate earnings go up considerably this month, especially since there is no effort on my part.

February 2010, Earnings Report

1. Ehow:                            $66.94
2. Constant Content:    $36.98
3. Shutterstock:             $54.97
4. Dreamstime:              $33.32
5. BigStockPhoto:        $9.71
6. iStockPhoto:             $24.41
7. Fotolia:                       $10.01
8. e-Junkie:                     $4.98
9. CashCrate:                  $72.21
10. SquishyCash              $9.91
11. TreasureTrooper:    $10.80
12. YouData:                     $2.55
13. ProjectPayday:         $33.00
14. Google Adsense:       $116.70
15. Blog Advertising:      $0
16. AuthorHouse:           $26.58
17. ebook Sales:            $100.00

 TOTAL RESIDUAL INCOME:  $613.07

+/- January Earnings: +$65.42

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At this point I don’t even have an ebook for sale, which as many of you know can be a big boon to a blogger’s earnings.  People like Pat Flynn from Smart Passive Income have earned a large portion of their monthly earnings from the sale of an ebook.  This is something that I may pursue in the future.

This month’s figure of $547.66 is what I would consider low – I have had a month of over $900 in residual income, but recently I have stopped submitting articles to places like Constant Content and eHow.  I also have not submitted a new photo on any of the microstock websites in many months.  This will all be changing by the spring of 2010 -which hopefully you will see in my next few monthly earnings reports.

My immediate goal is to be paying off my entire mortgage ($1,593) with my total monthly earnings.  I will set a target to reach this goal by the end of the calender year 2010.  My ultimate goals are much higher! Below is a breakdown off all of my sources of online income.  This may seem like a lot of “separate streams” of income – but just remember, one payment of $1,000 is the same as 20 payments of $50.  It does not matter to me how many payments I receive, the only thing I care about is the total earnings.  I have also included a video that shows my Google adsense check for this earnings period.

January 2010, Earnings Report

1. Ehow:                            $62.06
2. Constant Content:    $49.05
3. Shutterstock:             $49.66
4. Dreamstime:              $66.94
5. Stockxpert:                $23.60
6. BigStockPhoto:        $50.00
7. iStockPhoto:             $22.85
8. Fotolia:                       $9.79
9. e-Junkie:                     $25.00
10. CashCrate:                  $48.08
11. ProjectPayday:         $28.50
12. Google Adsense:       $112.12
13. Blog Advertising:      $0

TOTAL RESIDUAL INCOME:  $547.65

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