First of all, I want to apologize for not adding new posts here at NJFM. The weather is getting nice and the real world is taking precedence over my virtual world. I’m sure we are all pretty swamped with birthdays, graduations, weddings, proms, spring/summer gardening, aging parents (oops, sorry to let that one slip, but man oh man, if you think raising kids is a tough job, raising elderly parents is a lot tougher).
With summer in ¾ swing (it’s not full swing until the kids are truly out of school); I realize I really have to work smarter than ever. As a result I spent a little time analyzing my writing venues. As you know I’m a numbers junkie, but I felt it was necessary to engage in this little mathematical journey.
My Summer Writing Efforts
This summer I’m going to place my writing where I get the most bang for my buck. Since writing time is limited I really need to make it work for me. I write for two reasons, the joy and the money. With that in mind there are 14 sites/blogs that I write for on a somewhat regular basis.
I analyzed each and decided to continue writing regularly for the top three money makers (regular writing to me means one new piece a week). On the other two days of my 5 day work week I’ll write a new piece for two of the remaining 11 sites. In other words, the 11 remaining sites will get new content on an irregular basis until the summer is over.
Why I Truly Like Residual Income
After doing a bit of analysis, I came up with my top three residual earning sites. When I came up with the top sites, I calculated the earnings in two ways. First I calculated the number of articles I’ve written over the entire time writing for the site and divided it by the total amount of dollars earned over the several years. Then I also calculated the number of article I wrote in 2010 and divided it by the amount of money I earned in 2010. My per article earnings for my top sites are as follows (earnings do not include June 2010 income/articles):
|Site||Total Earnings/Article||2010 Earnings/Article|
(can’t write for them anymore)
|Blog I started Last Year||$19.98||$27.74|
|Long Standing Site||$12.33||$23.05|
For the remainder of my sites/blogs my cumulative per post earnings range from .20 per post to $9.96 and my 2010 annual per post earnings from $.53 to $17.08.
Caveat: The earnings I list for my own sites/blogs are understated because I only calculated the earnings based on income I receive from Google AdSense. I also use Infolinks, Chitika (although Chitika has changed things and I don’t earn nearly as much as I used to from them), a couple affiliates and Amazon.
Residual Income is the Way to Go
Fortunately, my eHow earnings are still picking up and coming in regularly. My eHow earnings plus writing one article each a week for my top 3 revenue sources plus my ‘round robin’ writing for the remainder of my sites should bring in enough income to hold me over during the summer.
Think about it, I get to write one article a day (or, if I’m particularly prolific one day, I can write all 5 in one day) and I get to spend the rest of the time doing non virtual stuff (like training to run my first 5K – barefoot ). Ahh, the beauty of residual income!