When I look at my stats I always wonder how much more money I would be making if I wrote more often and stopped playing with stats.
Residual Income Keeps Growing
I won’t bore you with the monthly ups and downs of residual income. I’ll just share my beginning and end of the year average daily rate. The rate is calculated by dividing the number of days in the month by the amount of residual income earned in that month. I use a spreadsheet to track my earnings.
The numbers speak for themselves:
Back in January of 2007 I averaged .70 a day in residual income. I make more in one day now than I earned for the entire month of January, 2007. I wish I could say the increases are always steady but they aren’t. There are some months where the numbers drop slightly (or not so slightly), but in the long run, the numbers end up bouncing back.
Here’s an example: In October of 2009 I went from a daily average of $53.11 down to $45.66 in November. That was a big drop, but the trend didn’t last. Similarly, March of 2010 my average was $61 per day but last month it dropped to $59.33 a day (a much smaller drop, but a drop nonetheless).
The one thing I’m pretty sure about is that by December, my average daily residual income rate will be higher than it was in January. That seems to be the way online residual income works.
Stick with it
If you have read more than 5 posts on this blog, you can guess what I’m going to say next…
Stick with it. It doesn’t happen over night but it does happen. If you learn from my mistakes, maybe you’ll earn more money faster.