My Monthly Report – April 2009

dollar-signThis is the sixth installment of my monthly report, which I use to summarize my income, where it came from, and anything I did or learned that may have had an impact (or will make an impact) on my earnings.

Important Going-Ons in April

Quite a bit happened in April. Here’s a quick breakdown regarding each of my income (or potential income) streams:

Intheleed.com

The LEED exam is going through a major transition period right now. Registration for the old exam is closed, but people can still take the exam if they happened to have registered before April 1st. As a result, my study guide sales have slowed just a bit. However, I am still pretty surprised that my sales are still relatively strong – which means there are still a lot of people who signed up for the test by the deadline who have yet to study.

I have a couple of months, but I want to begin working on new material for the new exam. I’ve already received a lot of requests for it, so I know it would be a smart thing for me to continue with. There’s just one problem…and this is kind of a biggie…

I received a cease and desist letter from the USGBC (United States Green Building Council). I’m not going to go into much detail about this right now, but they are not telling me to stop what I’m doing, they just don’t want me to use the word “LEED” in the domain name intheleed.com. I’ve also noticed that other “LEED” websites have changed their domain names too, which leads me to believe they received the same letter.

I don’t want to lose my domain name, so I’m working to keep it. I do respect the USGBC and everything they are doing, don’t get me wrong – but I want to show them I’m serious about what I’m doing and how I’m helping their cause, so I hired an attorney to help us communicate. I’ll let you know how it all goes down once it’s over. Fun times!

LOLer Apps

I’m really excited to announce that LOLer Apps, the iPhone app development company my friend and I created (we outsource all of our ideas), has released it’s first application! That’s right! As of May 1st, our first app, iPopit!, is on sale for $0.99 in the app store. Here’s our official release on our blog.

It’s been 2 days, and we’ve already sold about 50 copies worldwide. It’s not much, but considering we haven’t done much to promote it yet (we’re about to), that’s pretty good. I promise to give you more details about this later. Good times!

The Smart Passive Income Blog

This blog is going through a few changes within the next month. I hired a designer to redesign the website to allow me to place some ads and start monetizing it a little better. Also, I’m almost finished with an eBook that will be a free gift for signing up for a newsletter on this site as well.

The eBook will be about how to make an eBook, kind of like my 10 part eBook series that I wrote earlier last month.

So, I’m expecting one day this month you’ll come back to this blog and see it look completely different. I’m hoping you like it.

Income Breakdown

Please note that these are figures from reports from each individual company for the previous month. It does not necessarily reflect the actual payment which, for some of the companies listed below, come 30 to 60 days later because of potential refunds.

  • Intheleed.com Product Sales:
    • Ebook Only: 179 sold – $5,274.15
    • Audio Only: 63 sold – $1,495.10
    • Ebook + Audio Package: 195 sold – $8,570.45
    • Total: $15,339.70
      • Last Month: $25,787.65
      • Difference: -$10,447.95
  • Google Adsense:
    • Total: $1,928.35
      • Last Month: $2969.54
      • Difference: -$1041.19
  • Private Advertising:
    • Total: $1,250.00
      • Last Month: $1,250.00
      • Difference: $0.00
  • eHow Earnings:
    • Total: $114.56
      • Last Month: $148.79
      • Difference: -$34.23
  • Affiliate Earnings:
    • Total: $366.75
      • Last Month: $172.50
      • Difference: +$194.25
  • Gross Total in April: $18,999.36
    • Last Month: $30,328.48
    • Difference: -$11,329.12

So like I said, my sales took a little hit because of the exam changeover, but I still made a decent amount. I’m predicting even more of a drop in sales as the last day to take the exam approached (June 30th), but I’m hoping the iPhone app sales help boost my earnings for May. We’ll see.

Important Things I Learned in April

As you may have noticed, my affiliate earnings did increase by over 100%. I attribute this solely to Twitter. Yes…Twitter.

I’ve spent the last month trying to earn as many twitter followers as possible. As of today, my twitter account (http://twitter.com/patflynn – please follow me!) has over 2150 followers, with more and more people following me each day. So how does this help my affiliate earnings? In two ways:

  1. It brings new people to this website, where I do have some affiliate links to other people’s products.
  2. I tweet (sparingly) about products that I’ve used to help me get to where I’m at today. I do this to be helpful, not to spam – but it does generate a few sales as a result, which is pretty cool.

So if you’re not yet on the Twitter bandwagon, I recommend at least exploring it’s capabilties.

Another thing I learned is that it’s really important to be organized. I have 3 or 4 projects going on simultaneously, and I would be lost without organization. I’ll give you tips later on this month about organization.

What’s Next

Like I said, the iPhone app stuff is taking off, so I’ll be posting a lot about that and referring to our LOLer Apps website quite a bit. We have another application that should be in the app store by mid-month which we’re really excited about. We believe this app has the most potential to become huge out of all the rest we have planned so far. Exciting!

Again, look out for the blog redesign – it should be ready by mid-month as well.

Cheers everyone!

  • http://www.hansika-motwani4u.blogspot.com ravi

    you are earning 1000′s of dollars but im just earning in only 100′s

  • http://DivorcedDadFrugalDad.com DDFD at DivorcedDadFrugalDad.com

    I’m jealous!

    I would start thinking and reserving other domain names just in case . . . you can always feed into your main domain,

    Did you copyright IntheLeed.com?

  • http://lissowerbutts.com Lis @ Passive Income

    I admire that despite your success with your LEED e-book you have made a big effort to diversify your income – few people would have bothered I suspect . Congrats on your figures

  • http://www.homesprosperity.blogspot.com Steve

    Thanks for modeling the ways to make passive income. I do hope that your attorney will converse assertively on your behalf, and that the outcome is a good one. Thank you very much for all your work, and for showing us readers that smart passive income is possible. I would suggest to readers to keep reading this blog, and to play the Cashlfow 101 game from Robert Kyosaki with as many like minded friends as possible, to keep you on track.

  • http://textroubadourtales.blogspot.com/ Will Atkinson

    Pat, good luck with the USGBC. Why do you think some of your other earnings went down? I’m surprised that eHow hasn’t continued to build for you.

  • http://www.sarahhallphotography.com/ Sarah H.

    Great numbers, despite the upcoming exam change-over! I look forward to the blog’s redesign and hearing more about the progress of your iPhone apps.

  • http://dealchasr.com Nick

    Your numbers are still outstanding even after the drop in sales. Thanks for reporting them.

  • http://www.inmeinerstrasse.de/blog Günther

    Just discovered your blog. Nice design and good income. I like that you seem to be transparent and that you are not talking about millions of dollars.

  • http://www.passivefamilyincome.com pfincome

    Great job as usual. I guess I am going to have to jump on that Twitter bandwagon. I have been avoiding it at all costs but it looks like it has some merit.

    In terms of eHow – did you have any articles get removed from the site in April? I have heard others complaining about this and was wondering if that help attribute to your drop in income. I lost two articles myself.

    • http://www.sarahhallphotography.com/ Sarah H.

      I can chime in on the eHow front…my earnings were down about 45% this month, but I only lost 6 of my 107 articles in the big sweep. They weren’t high earners either, so I do not really attribute the drop in income to this. It’s hard to say why else earnings were down, especially since there are people on the forums talking about earnings increases. Fluctuation can be expected I guess. :)

      • http://www.passivefamilyincome.com pfincome

        Sarah – Thanks for the info. I actually saw a +30% increase in my earnings of which about 3%-5% was from articles written in April. So my older articles still saw a big increase but I did notice a lot of my recent articles (Jan – Mar) jumping a lot. Just a strange month.

        • http://www.passivefamilyincome.com pfincome

          I apologize about my comments before as I misspoke. My articles from April accounted for 25% of my earnings for that month and my March articles accounted for 26% of my earnings. Over 50% of my earnings for the month were from articles less than two months old. Kinda strange?

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  • http://writersjourneyblog.blogspot.com/ LS

    That definitely happens- I got a cease and desist from eBay because I had a domain name with eBay in the title that I was using to sell a digital product about eBay. They told me to take everything off the site and to not renew it because it was cybersquatting and that people might mistake it for the main site(?!). Of course that was preposterous, but I ended up taking it down anyway.

    • Pat

      That’s funny, that sounds like the exact same letter I got. I’ll let you know how it all goes down. Thanks for sharing that with us, sorry to hear about it though. Cheers!

  • http://www.webcareergirl.com Web Career Girl

    Wow, those are certainly some inspirational numbers. I’m slowly but surely working my way up towards that lol :)

  • http://howtomakeiphoneapps.com MattjDrake

    Pat,

    You are doing great – and thanks for the candid information you are presenting on this website. It is a fantastic read and the eBook stuff is very helpful!

  • http://getpaidtofart.com 2ThePoint

    Hi Pat,

    It’s always inspirational to read about your earnings (as well as your other posts). More grease to your elbow this month and all the best with your iPhone application.

    take care…

  • http://residualincomeweb.com/ Maria @ Residual Income Web

    Still strong, but it does look like you’ll have to revamp your main income producer to keep your income numbers growing each month. Best of luck and way to go!

  • Matt @ My Financial Recovery

    Thanks for sharing your info! I always enjoy seeing how other people are doing – it motivates me to keep trying while working on figuring this web stuff out.

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  • http://www.Zeeland-Urlaub.com Sascha

    Amazing! Congratulation!

  • passive income

    Once again congrats on the figures

  • Residual Income – Kai

    Thanks for posting this. Very inspiring.

    • http://www.howtomakeaniphoneappsite.com Nick

      Thanks for posting this informative article

  • http://www.urlaub-in-nl.de/ Ben Holland

    Congratuations. To read things like this still rises up my motivation about earning money in the web. Thank you.

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  • http://www.queasystomach.com/ Tommy Hardin

    Going back and reading how the exam site took a hit for 11K blows my mind. It’s great to see how you still made the site into a huge winner.

  • http://www.amirrimer.com Amir Rimer

    Amazing results! I didn’t know that Twitter is so effective. I will be sure to check this further!