First Time I've Reached $400 Passive Income in One Month
Where my $400 Passive Income Earnings for March 2012 Came From
HubPages has certainly contributed to my first ever $400 passive income earnings in one month, but most of this income has come from my own sites. Some of my sites do much better than the rest, but as long as my passive income from all my sites remains more than I'm paying for hosting and domain registration, I continue to remain addicted to started new sites.
When I think of a domain name that contains words that have good search volume, I try and purchase it (register it) before somebody else does. Of course free time (or lack of it) is my greatest enemy (or perhaps just my time managment skills?) and my goals of writing and adding many new articles to my newer sites gets neglected as I continue to purchase new domains.
I monetize my sites with Google Adsense ads for passive income earnings, and at the same time also use many of them to at least somewhere on the page or pages also link to or advertise the freelance services Tony and I offer (not passive income.)
Writing and adding search engine optimized articles to the sites not only brings more visitors to the sites to read the content and see the ads, but also gives exposure to the freelance services we offer. We work from home as freelancers, for a living.
Tony enjoys the freelance work; I don't mind it, but would like to earn more passive income so that I can work less!
A breakdown of where that $400 passive income came from
Google Adsense: $299.71
$3.30 of that came from HubPages
$0.80 came from Best-Reviewer
$0.73 came from Bukisa
HubPages Ad Program: $11.52
ODesk Referrals: $51.
Amazon Associates: $2.99
Today (11 April 2012) this comes to $386.79, using a currency converter, but when I did my calculations, using a currency converter on 1 April, my total was $400.81
I do my monthly passive income calculations and currency conversions (I'm in South Africa) on the first day of each month, for the previous month, so $400.81 is the one I'm sticking with!
The thing about earning passive income
Earning passive income is an absolutely fantastic method of earning extra income or even making a living, but the thing about earning passive income is that it doesn't simply just happen overnight. It can be totally inspiring learning about the large amounts that some bloggers and online entrepreneurs are making each month, but even those big earners didn't make that kind of money right away.
It takes hard work to make passive income work.
Passive income still is and always will be a way in which you can earn an income while you do nothing, or even while you sleep, but to get passive income up to a level that you are happy with takes time and effort. And if you want to earn even more passive income, that more often than not takes more work too.
Sometimes passive income earnings may even start slowly decreasing each month, if you don't at least spend a few hours each month working at maintaining that passive income - but it's worth it - who wouldn't like an income they're happy with for just 10 to 20 hours (or even less maybe) work a month?
I do hope that my passive income earnings inspire others who are not yet earning much from their passive income efforts to keep trying, but they do need to realise that it will take some time and a great deal of effort.
Do I think that the time and effort required is worth it?
Of course I do! When trying to earn some extra income or even trying to make a living from your passive income, what's better than going to sleep knowing that all your hard work has paid off, and that you have had to do only a few hours work (or even no work at all) a week, a month, or even longer while you're still earning an income! You put your head on your pillow, you sleep, and you wake up in the morning a little richer, without having lifted a finger during the night.
If you too would like this sort of reward, work hard to get it.
How long does it take before passive income is good?
Perhaps it's not what you want to hear, but it's so true: It's totally up to you.
If you don't have a lot of free time to spend on working at and increasing your passive income, it may take you a long time before you are satisfied with your passive income earnings each month.
If you have the time or can make the time to work really hard at increasing your passive income, it may not take all that long before you are satisfied with what you are earning.
To get my passive income up to $400. in one month, took me more than three years.
If I wasn't also doing freelance work for a living, and had somebody paying my living expenses while I tried to earn passive income online, perhaps it would have taken me a year, maybe less to earn $400 in one month (from scratch, not knowing anything about the Internet, or about making money online, or about Search Engine Optimization, or about joining online writing sites, or about managing my own sites - perhaps if I'd already know these things it may have taken me 6 months or less, still doing nothing else to earn a living in the meantime, though.)
That's just me, though. Perhaps you work harder, perhaps you don't. Perhaps you have more free time than I do, perhaps you don't. Perhaps you already know more about the Internet than I did or do, perhaps you don't.
Look deep inside yourself and decide if you really want to be rewarded for hard work by earning passive income while you sleep. I know I did and still do. Whenever I get a chance to, I work at increasing my passive income. If it's what you want too, work hard, and don't give up.
To those who are already earning so much more massive income - ha ha, typo, but it actually suits the paragraph - passive income than I am, well done! I totally understand the time and hard work it took you to get there.