This is the first income Report for PassiveIncomeTrek.com. Every month I will be publishing a detailed report of what has happened in the previous month and how much income and expenditure has gone on. I feel I have started in a good place, the back end of the website is organised, I have a lot of post ideas already started and I have automated as much as I can in order to let me concentrate on generating Passive Income.
A lot of the time consuming work that I needed to do this month was registering for the various affiliate programs associated with the products and programs I use on a daily basis. I then had to set up the correct tracking redirects etc and getting the website to look how I wanted. Getting all of this done makes me think that going forward I am in a really good place to push on and start generating the holy grail and whole point of this website – Passive Income.
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One of the things I did do this month away from this website was I signed up to Evernote premium, I have always worked in a messy way. The old method involved hundreds of text files with different notes on my desktop for things I needed to remember. Eventually these would be filed away into correct projects in my dropbox. After trialling Evernote, I decided it was a cost I should take on. So subscribed to Evernote premium, Since then I have managed to bring a bit of order to my non existent filing system. Imported all of these notes into Evernote and actually managed to feel tidier in the process.
All of this being said, I started off quite well. Generating 1176 page views, 669 of those are unique visitors. I published 5 Posts in May (including this one) and the most popular one on unique visitors was a post about the four hour work week and drop shipping udemy course that I am taking. The bounce rate was 65% for the month. Which I am aiming to decrease as I ad more interesting and useful content.
So on with the Income report.
|Monthly Affiliate Income||Income (In GBP)||Income (in USD)|
|Total (In GBP)||£||408.16||$||589.68|
|Non Affiliate (Regular Consultancy)||£||340||$||491.20|
|Non Affiliate (Irregular Consultancy)||£||60||$||86.68|
This month I took on one irregular consultancy job as well as my two regular clients. In total for consultancy I earned an additional £400. £360 of that is regular income.
Expenditure stayed the same as previous which was detailed on the expenditure page.
|Monthly Expense||Amount (In GBP)||Amount (In USD)|
|Total (In GBP)||£||86.71||$||124.58|
|TTNC (The Telephone Number Company)||£||10.00||$||14.45|
|DidLogic (Telephone Numbers)||£||5.00||$||7.22|
|Google Domain Apps||£||16.50||$||23.84|
Total for the Month of May
Overall for the first month I am very happy. I need to improve the bounce rate and I also obviously need to keep growing the visitor numbers. I am hoping to invest in BuzzBundle at some point this month to add that to my armoury of tools that I use on a daily basis to drive traffic to the blog. In the meantime if you find anything useful please share the post or page or leave a comment below!