My Monthly Report – January 2010

dollar-signYay! The first monthly income report for the year 2010!

Each month, I like to write a detailed report about where my online income comes from, as well as report on the things that I’ve been up to that may have had an impact on my earnings. I do this not only to help myself keep track of how I’m doing, but more so to help you learn what to do (and what not to do) during your online business or blogging adventures. I hope you enjoy this month’s report.

Important Going-Ons in January

iPhone Apps

I’m going to start off a little differently this month and talk first about my iPhone apps.

For those of you who don’t know, I am the co-founder of LOLer Apps, a company that my buddy and I started last year. We started the company as an experiement to see if iPhone app development was a viable source of passive income. We knew that if we could get a few apps in the App Store, we could hopefully sit back after all of the work was done and keep earning money month after month.

Although we have yet to develop that “million dollar app”, we’ve been fairly happy with our results. Lately, with no additional work put into it, our apps have seen a nice increase in sales, as you’ll see in the earnings report below. This has amp’d us up to start talking about releasing a few new applications (iPad?) in the year 2010, to hopefully double or triple our earnings.

I’ll definitely keep you updated on our progress.

GreenExamAcademy.com

It looks like I finally have some competition. Last month, the company that actually adminsters the LEED exam has recently come out with their own study guides. I’m not sure if this was done as a direct response to companies like mine, but I wouldn’t be surprised. If it was, then I take it as the ultimate compliment.

So from the outside, it might look like I’m screwed. However, as I suspected, I was still able to maintain an average income from my own study guides last month. Here’s why I think that is:

  • My guides have been available on the market for a long time – they are proven and people aren’t afraid to share that with their colleagues.
  • I’m just one guy, so I can afford to keep my prices low. They are a huge company, so there are employee and overhead costs that have to be taken into account.
  • My guide is electronic, which means it can be delivered immediately after purchase.
  • I also have an audio guide available to go along with my eBook.
  • I’m the “mom & pop shop” equivalent, non-corporate player in the market, which many people are attracted to.

Of course, I’m sure to highlight these points on my website because they are all things that work in my favor.

Am I worried? No.

Am I pumped? Yes.

Last month, I put in a total of 1 hour of work on this site. Yes – 1 hour during the entire month. That’s how powerful passive income is. However, it’s a double-edged sword. I’ve been so used to putting so little time into the automated business that it makes me wonder whether or not I could of taken it even further. I’ve been happy with the results and did not want to get “greedy”, but there’s a difference between being greedy and being a smart businessman.

It’s definitely something to ponder. I may write a blog post about this and expand on it later.

The Smart Passive Income Blog

This blog just seems to keep growing and growing (thanks to you!), and it’s getting even more fun to work on. Here’s a quick summary of what has happened in just this past month:

Seriously though, if you’re reading this report – thank you. All of you (even those of you who don’t comment!) have helped me achieve so much in a relatively short period of time. If you ever meet me on the street or at a conference or something, say hello and ask me to buy you a coffee (or any other beverage appropriate to the occasion), and  Itotally will.

Lastly, I know many of you are waiting for the Smart Passive Income Podcast to help fill those gaps in your day when you just want to listen to some motivational, legit advice to help you get things done. Well – it’s on it’s way. After I finish moving and have my new office all setup, that will be my next big project.

Ok – let’s get to some numbers!

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.

GreenExamAcademy.com Product Sales:

  • Ebook Only: $1198.00
  • Audio Only: $15.00
  • Ebook + Audio Package: $1,468.35
  • Total: $2,689.35
    • Last Month: $2,979.10
    • Difference: -$289.75
  • eHow Earnings:
    • Total: $131.09
      • Last Month: $135.03
      • Difference: -$3.94
  • Affiliate Earnings:
    • Total: $4,997.75
      • Last Month: $4,957.78
      • Difference: +$39.97
  • iPhone Applications:
    • Total: $2,448.44
      • Last Month: $1,927.84
      • Difference: +$520.60
  • Gross Total in January: $10,266.63
    • Last Month: $9,999.75
    • Difference: +$266.88

A wonderful month, finally breaking the $10k mark once again. As far as how much time I spent in total to earn this amount, the iPhone apps and the eHow earnings took zero hours of my time and my product sales from GreenExamAcademy took about 1 hour of work (answering emails and responding to comment on the blog). It’s hard to determine the exact time I spent on my affiliate earnings because the time I spent promoting the Smart Passive Income Blog does have an effect on that total, although it’s not a direct correlation. I’ll just ballpark it and say 5 hours total.

It’s kind of crazy to think about, but that comes out to $2,053.33 an hour. Well – it’s not really correct to think about my earnings this way because I did spend a lot of time setting up these income sources in the beginning. The proper way to calculate my per hour rate would be to determine the total amount I’ve earned up to this point, and divide that by the number of hours I’ve worked ever since I started doing stuff online. Unfortunately, I didn’t keep track of those numbers when I started.

Things I Learned in January

1. I Created a “Brand Base”

Thanks to Glen from ViperChill.com, I came across a very handy tool that I’ve been using everyday since the beginning of the year – Netvibes. It’s the first website I open up every morning, and the hub for all of the work I do each day.

Glen explains it in far more detail, but it’s basically an organizer for all of the different projects and to-dos that are on my plate. You can setup different widgets on your homepage that can be very helpful for what you do online, such as to-do lists, a calendar, web notes, an RSS subscription reader, a Twitter and Facebook client, Google Alert, etc. – and you can even have separate tabs for each project or site that you have as well.

If you’re having trouble organizing everything you do online, I definitely recommend checking it out.

2. A Good Night’s Sleep Can Go A Long Way

As many of you know, my wife and I recently welcomed the birth of our new son, Keoni. As far as sleep is concerned, some nights are definitely better than others.

On the nights that I do get 6 to 8 hours of sleep, I can easily tell that I’m much more energetic and productive compared to the days when I don’t get very much sleep at all. I know that’s common sense, but sleep really does have an effect on the amount and quality of work that you can get done.

Although – an extra hot, grande white chocolate mocha seems to help a bit.

3. I Was Reminded That Hard Work Does Pay Off

My free eBook guide took a long time to finish (over 2 months), but it was all worth it in the end. The response so far has been nothing less than amazing.

Never give up, and remember why you’re doing what you’re doing. If good intentions are behind what you do, your hard work will definitely pay off.

“The harder you work, the luckier you become.”

Plans for the Future

February is going to be a tough month for me.

Why?

We’re moving!

Yep – we’re moving into a larger home. The cool part is that I get my own office, which is awesome! It’s going to take a while to setup, but once it’s ready, awesome things will happen.

Besides the move, I’m currently working with a few people on separate projects that may eventually have a huge impact on my earnings by the end of the year. Most are still in the planning stages, but I’ll definitely keep you updated on my progress and I’ll reveal more about exactly I’m up to later on in the year.

Wish us luck, and thanks again for all of your support. Here’s to a productive, healthy and profitable February!

Cheers!

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  • http://www.kreci.net KreCi

    Man… you are my idol… hope to be there someday too… :)

    • Pat

      Keep working hard, and good things will happen – I promise :) Cheers dude!

      • http://www.theemotionmachine.com Steven | The Emotion Machine

        Congratulations on your earnings and your new home! I am going to check out your free ebook right now!

        • Pat

          Thanks Steven, I really appreciate it! I hope you like the eBook guide!

  • http://www.realestateguide2success.com Vance

    A little competition never hurt anyone. If anything, it will motivate you even more to succeed. Besides, you’ve built a strong brand in that niche area from scratch. You’ve learned everything you need to be able to “rinse and repeat”! My site has definitely benefited from everything you’ve posted, so I know there’s no holding you back. Congratulations on the success of your iPhone apps as well. The sales have come a long way since that first month :-)

    • Pat

      Thanks Vance – I’m always up for a little friendly competition. And yeah, it’s definitely motivating, that’s why I’m pretty pumped about it, and willing to put in some extra hours (once I settle into my new living quarters) to ramp things up a bit.

      I’m glad I could help you and your business so far. Hearing that makes me really happy and motivated to keep on doing what I’m doing. Thanks Vance!

  • http://fourblogger.com Pascal

    Hi Pat,

    Congrats for the increase of income!

    Can you split your affiliate earnings and show us? I think it won’t hurt you.?

    • Pat

      Well, I don’t want to give an exact dollar amount for each to respect those who I am an affiliate for. But, I can tell you what affiliate items are working for me (in no particular order):

      -Bluehost web hosting
      -Legalzoom Business Entity Creation
      -Internet Business Mastery Academy Membership
      -eHow eBook
      -Aweber
      -WooThemes
      -LEED Practice Exams (on my other site)

      Most come from the resources page on this blog.

      • http://fourblogger.com Pascal

        Thanks for listing. Congrats Pat.

      • http://errantadventures.wordpress.com Mitch

        Thanks for that info! Very enlightening as this is a major portion of your passive income. Also, seeing where this money comes from helps me understand some of your ‘business model’ a bit better.

        Thanks!

        • Pat

          Hey anytime Mitch! Oh, and thanks for introducing me to your readers on your blog. As far as “stealing my scheme” – it’s totally not stealing! I made it public so that anyone could use the same ideas if they wanted to! Anyways, thanks again for the mention! Cheers!

  • http://www.healthydonating.com Tom

    Congrats, Pat.
    I am using Netvibes, too, after I read Glen’s post. It feels so clean and organised.

    • Pat

      Yeah man – I love it! Glad to see others are on board too! Cheers Tom!

  • http://www.innovativepassiveincome.com/ JadeDragon

    It is really good to see your income diversifying so that you are not so heavily weighted to the LEED exam guides. One of the keys to passive income is to develop multiple sources of income so that you can ride the ups and downs of internet based earnings.

    Congrats on the new place and a bigger office. Hope your income climbs higher because these babies really up your living costs – but they are so worth it.

    • Pat

      Hey JadeDragon, I hope so too. I think the new office will give me the boost I need to take things to a whole new level. And I totally agree with what you said about diversification. That’s why I’m still looking at other means of generating passive income streams in the future.

      Thanks again for the interview this month, and I wish you all the best! Cheers!

  • Bart

    Another great month. Pat, you do realize that 1000 times one coffee is … a lot of money ;-).

    • Pat

      LOL – not if you buy a jumbo pack of ground coffee from Costco!

      jk.

      Haha!

  • http://jonassandstrom.com Jonas Sandström

    Always great fun to hear about your projects Pat :)

    Have a great day !
    /Jonas

    • Pat

      Thanks Jonas! Hey, I saw you tweeted from NetVibes. How’s that working out for you? For some reason, I just can’t seem to get comfortable tweeting from their platform. I think I’m too used to Tweetdeck.

  • http://www.innovativepassiveincome.com/ JadeDragon

    That little interview we did has been pulling in good traffic too – even before you mentioned it on this monthly report. A lot of my visitors come from eHow and your interview has proved pretty popular with that crowd too.

  • Daniel

    Hey Pat,

    Congrats to another awesome month again. Sometime a little competitions are unavoidable. You are in the major league when comes to your LEED Exam guide website.

    I can’t wait to see photos of your brand new home office. :-)

    P.S I did not have a link because once I key in my blog address my comment could not be posted. Maybe it went in to spam comments.

    • Pat

      Hey Daniel – I can’t wait to see what it looks like too. I’m worry I’m going to splurge and spend way too much though, so I’ve asked my wife to make sure I have a little self-control. LOL.

      What was your link? I’ll see if I can do anything about that. Thanks Daniel!

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

    Great results for the month, and good luck with the move/ income in February!

    • Pat

      Thanks Ruth! Definitely not looking forward to the move…LOL. Best regards!

  • http://www.wakeupcloud.com/ Henri Junttila

    Awesome stuff, Pat! I enjoy reading these monthly income reports. I don’t know why, there’s just something about personal experiences (down to the cent) that grabs my attention ;)

    • Pat

      Hi Henri! I’m glad you like them. I’m glad they are fun to read, because they are definitely fun to write as well. Hey – did you receive your book I sent you yet? It may take a while because it’s going overseas, but it should be there soon if you haven’t gotten it yet! Thanks!

  • http://www.azadshaikh.com Azad Shaikh

    Good Start for 2010. Best wishes for even better months ahead.
    Warm Regards,
    Azad Shaikh (The Internet Geek)

    • Pat

      Thanks Azad! 11 More months to crush it in 2010! let’s do it!

  • http://www.bloggingteacher.com Paul Cunningham

    Pat, thanks again for doing the interview for my site. Amazing that you did so many this month!

    Congratulations on your ongoing success.

    • Pat

      Hey thanks again Paul for the wonderful interview. I didn’t even realize I did so many this month until I saw this list…LOL. Thanks, and keep up the awesome work on your blog as well. By the way – LOVE the challenge you have going on in the problogger.com forums. i can’t wait to see what people come up with :)

  • http://www.tianchad.com TianChad

    All the best in year 2010!
    A reader from Malaysia =D

    • Pat

      Thanks TianChad! Great to hear I have some readers overseas! All the best to you!

  • http://zemalf.com/ Antti Kokkonen

    Thanks for sharing again Pat, and huge congratulations for breaking the $10k mark again :) And nicely done on the iPhone Apps! I bet you guys are pretty excited now that the maxi-iPhone (da Pad) was announced too. Have you posted any details on that side of your businesses already, like what you’ve done, “AppStore” marketing or such? …Anyway, you’re doing awesome work here with the SPI, and I’m confident great things will happen to you!

    • Pat

      Haha – don’t you just love the name of that thing? As far as business stuff regarding the iPhone apps, we’ve posted a bit on our blog at http://www.lolerapps.com, but the reason why we don’t talk much about it is because the app store market is always changing, and it’s definitely hard to keep up. We’ll see – I may have something lined up in the future regarding iPhone apps and how one can get them done.

      Thanks for the encouragement Antti, and I know great things are ahead for you as well! Cheers!

  • http://www.realestatecareermentor.com Marty Green

    Congratulations Pat on another outstanding month. I really want to thank you for sharing with every post. You really are well on your way and I know you will be hugely successful.

    I have just joined up with netvibes.com I also purchased a wacom bamboo tablet this weekend which you recommended to me. I have switched over my stats on my website after seeing the detail you put into one of your posts last week. All are things you have shared in the past.

    As for never giving up, I totally agree. This is what I teach as well. Move your business forward a little bit each day. By the end of the month you will have massive action in the right direction. It’s the little baby steps that put you closer to your goals.

    Best

    Marty

    • Pat

      Hey Marty! Thanks so much for your awesome comment – it’s really cool to hear stuff like that about me.

      I’m glad to see you’re doing some of the things that I’ve done to help me get to where I’m at. I hope I can share even more info in the future to help you and others get to where you want to go. Let me know once you film your first video with the tablet – I’d love to check it out!

      All the best to you! Cheers!

  • http://bloggingparents.com/ Elizar

    Hi Pat! Amazing earning! I hope I can do that too, even half of that would be great :)

    I downloaded the interview with you and Darren/Yaro and it really inspired me to blog again… thanks!

    • Pat

      Wow! Thanks for taking the time to listen to both of those interviews, Elizar. I know it takes up a lot of time, so I appreciate every moment you spend on it. Keep working hard, and eventually great things will happen. There’s no reason why you can’t make half, or even twice the amount that I’m earning. Remember, we’re all on level playing fields.

      Cheers! :)

  • http://www.busyriting.com Malini

    Hi Pat,
    A very informative post. I especially like the netvibes idea and checked it out.
    Quick question – can you use netvibes to track where all you are being mentioned on the web? I think that is an awesome way of maintaining your brand image.

    Congratulations on your success.

    • Pat

      Hey Malini – yep! That’s exactly what I do, and I always make sure to somehow address those who have mentioned me elsewhere if applicable. As you can see in Glen’s post, he has an entire tab dedicated to that called “reputation”, where he inserts Google Alert widgets and a twitter widget with his name in the search. Good stuff!

  • Howie

    Great job, Pat! :)

    • Pat

      You da man Howie!

  • http://www.personalfinancenotebook.com Patrenia

    Congratulations on another great month! It still amazes me that losing your job was the best thing that ever happened to you. I hope February doubles in income for you! I wish you all the best:-).

    • Pat

      Hi Patrenia! Thanks so much. Yea, it’s totally weird to think about, but I actually think about it all of the time. A lot of my architecture friends who also got laid off are in lower paying jobs now, and I think my lucky stars each and every day for where I’m at today. Thanks Patrenia!

  • Howie

    Out of curiosity, Pat, what’s it feel like to have more Twitter Followers than the San Diego Chargers? lol…

    http://twitter.com/patflynn

    VS.

    http://twitter.com/ChaRgeRs

    lol….. :P Pretty cool, hu?

    • Pat

      LOL – well. I wouldn’t say I have more than the charger players. Maybe more than the organization does…but definitely not the players. Shaun Philips (http://twitter.com/ShaunPhillips95) has almost 350k…

      One day…LOL.

      • Howie

        Give it a day or two, Pat ;) lol

  • http://subject2.com [email protected]

    Way to go Pat. I just deposited an affiliate payment of $136.95 but the nice thing is, I’m not into affiliate marketing, I didn’t really try, it’s just not my thing so I’m giving away a $25 gift card to Amazon or iTunes for leaving a comment on my site, we’ll see how that goes :)

    Your affiliate sales, are they just from the 4 little boxes you’ve got here on the site or are some of them now coming from links within your e-book(s)?

    • Pat

      Awesome job on the affiliate payment! It’s awesome to see stuff like that happening when you barely even try…hehe.

      Most of my affiliate sales come from a practice exam that I promote on my LEED website, as well as the resource page on this website. I get a few coming from those 4 links in the sidebar, and I’m debating whether or not I should take them out to get rid of all ads on the site all together. Thoughts?

      • http://subject2.com [email protected]

        I’m the last guy to be giving advice :) My site sucks and I only have a few really big ads but it’s cool, I’m not in it for the ad revenue. It really is a place for me to connect and engage with others that will in turn create large revenue streams outside of the blog.

        If I were to answer your question, it would be a vague stock answer like, ‘test it with other ads’ but what value does that have….

        • Pat

          Dude – testing is the answer to pretty much everything online, so I totally agree with you. :)

        • http://www.innovativepassiveincome.com/ JadeDragon

          A few ads never hurt anyone. I’ve used your ads to buy stuff I need. Putting a little in your pocket is a great way to say thanks for your leadership and free sharing of great information.

        • Pat

          True. And thanks for that, I really appreciate the affiliate love :)

  • http://www.supportanalytics.com/blog Tony

    Pat – you are my new hero on the web. I’m quickly becoming a huge fan and regularly check your site/feed. Also, your tips on Facebook alone are amazing. Keep up the great work and I wish you the best!

    • Pat

      Dude, thanks Tony! I appreciate that! Great to see you in the comments, and I hope to see you here again soon! Cheers, and I wish you all the best too.

  • http://experimentsinpassiveincome.com Moon Hussain

    Pat,

    Still going steady there, I see. Every little bit counts. I have to re-read your affiliate product related post that you did a little while back.

    Regarding the competition–I would closely monitor but you’re right in saying that you don’t have all that overhead, plus you have an established community of people.

    If you have any time today, please check out my post: Grrr. URL shortening websites are being blocked at work >:( Anyway, here: http://experimentsinpassiveincome.com/7-steps-to-get-out-there-and-crush-it

    • Pat

      Hey Moon – thanks for the link, I’ll check it out right away. If you have any additional questions about affiliate stuff that I do, don’t hesitate to ask. Thanks again for your comments, as always!

  • http://www.idrawdigital.com Drezz

    So long as you stay relevant and you’re providing something of worth to people, you’ll always make a profit from your guides.

    If anything, the professional competition has more to lose than you do. They have to spend more to get ahead of you. You’ve got a leg up on the competition being the “smaller” guy. You have history, trust, low overhead, and a fair price for your system. Your competition will probably have to shell out a lot of money to make their venture worthwhile.

    Good to hear that your income is still coming in at a generous level. I’m also glad to see that you’re very diverse in your system. Putting all your eggs in one basket can be disastrous.

    Thanks for the tip on NetVibes. I’m going to try it out.

    • Pat

      Well said Drezz, and you’re absolutely right. Thanks for the encouragement, and I only wish that they saw that I was actually helping their cause by promoting their exam, which I know they make bank on as well. Oh well, I can’t do much about that except crush it on my end :)

      Thanks again for your comment Drezz, they are always a pleasure to read. Cheers!

  • Robert Hagstrom

    Holy Guacamole! I like the Netvibes idea. Every morning, I check a dozen things. I will be nice to check one site for multiple things. I now actively look for and incorporate things that automate or otherwise save and leverage time and effort. Thanks again, Pat.

    • Pat

      Hey no problem Bobby! Let me know if you need any help with setting it up, or would like to see how I have it working for me. Cheers!

  • http://residual-income-earning.blogspot.com/ CM Herold

    Congrats on your income and new office. Thanks for posting your earnings; it’s very inspirational.

    • Pat

      No problem! I’m glad you enjoy reading my monthly reports. Cheers!

  • http://www.freemanlegacyllc.com Ms. Freeman

    10k a month is nothing to shake a stick at.. That’s awesome! I have seen a dramatic decline in my eHow revenue as well..hmm.

    Netvibes looks a lot like iGoogle, but on steroids…I’ll give it a go especially since I can integrate my reader into it.

    Do you have any strategies (that you can share) to deal with the corporate challenge with regards to the LEEDs program?

    Have fun with the move and here’s to a Fabulous February! :)

    • Pat

      I think we’ll see a jump in eHow once again. Did you watch that apology video from eHow? They will be compensating us for our losses, I believe. They finally have their head on straight again.

      Pretty much everything I outlined above in regards to my corporate challenge are all things that should be leveraged, and definitely mentioned in sales letters, and reflected in your price as well.

      I’ll try and make the move as fun as possible. LOL! Thanks!

      • Howie

        ….Pat, when Info Barrel surpasses eHow, just remember I’ve been touting them since August…lol….

        Social media is kinda funny….all they’d have to do is introduce something like a $1,000-$5,000 writing contest, and people would swarm over in droves with bloggers catching on the a wildfire….

        (Don’t be surprised if they have something like that up their sleeves…)

        ;)

        The fact that eHow would do all that stuff, in the first place, is really quite disturbing….and has tarnished their reputation in the minds of alot of people….

        but….hey….let’s make a deal….if/when IB breaks a 100 Alexa rank, would you Join under my referral link? lol :) :) :)

        • Pat

          Sure Howie. Any guess on when this will happen?

        • Howie

          Realistically speaking, Pat….competition gets really brutal above 1,000….I do think they’ll be over 5,000 come summer time….

          It depends on a few things.

          If they have they means to launch a series of huge writing competitions, with huge rewards, you’ll see a massive influx of writers. Imagine what a series of several $1,000 prizes would do for growth.

          These guys have serious skin in the game.

          Come next month, if his earnings keep doing what they have, the gentleman I co-wrote the book with will be approaching what the highest earner on Squidoo earned in October….

          …and, Squidoo is a PR7 website with millions of lenses, and way over 1,000,000+ users registered for it’s forum alone….

        • http://www.freemanlegacyllc.com Ms. Freeman

          Howie,

          What is the InfoBarrel you speak of. I must search it out…hmmmm :)

      • Howie

        …I do think its good they addressed that and are compensating accordingly, but I really can’t figure out how they would go about doing it “fairly”….they said that they have calculated it “generously”, but the means by which they calculated it is just as much of a secret as their “secret algorithm” for payment….

        but, it still doesn’t erase the fact that they proceeded to do it in the first place, knowing full well that they couldn’t compensate writers….it wasn’t until a small handful of vocal writers said something that they decided to address it publicly….

        just my thoughts, Pat :)

        • Howie

          err…one more thing Pat….InfoBarrel has been testing out a new article layout format that has been proving to significantly increase CTR (Click Thru Rate)….it looks similar to the original, but, they were able to make adverts look THAT much more appealing…

          They asked me to be a “guinee pig” to test it out, and, my CTR has gone up significantly….I think that will draw new members to the site, as well…further expediting their growth :)

      • http://www.freemanlegacyllc.com Ms. Freeman

        No I didn’t see the video, I’ll go see if I can still find it. Thanks for the heads up :)

  • http://smallbizbee.com Matt | Small Biz Bee

    First off nice job! Secondly, thanks for the tip on netvibes – I’ve gotten to the point in the last year where keeping track of everything has become a challenge. At first glance netvibes may be just what I’m looking for to keep it all straight.

    Thanks,
    Matt

    • Pat

      Thanks Matt! Yeah – I’m loving netvibes to keep my head on straight. I love living in the cloud! Let me know if you have any questions. Thanks!

  • cedubu

    Pat,

    What are you spending for your affiliate marketing? Do your earnings already have the costs subtracted out before you post them? Please advise. The reason I am asking is that I have been preparing to do some affiliate marketing but I can never get a straight answer out of people what kind of ROI can be expected.

    • Pat

      Actually, I don’t spend any money on advertising or marketing whatsoever. All affiliate income comes from existing websites, such as this one, where I don’t spend any money at all to promote. If don’t this way, your ROI is obviously an infinite amount :)

  • http://www.marriedtothearmy.com Stacey

    I love your website and find your monthly income posts incredibly inspirational. I emailed you last week and was so surprised to get a prompt email in return. Oh and my husband is pumped that you also recommended that I write an eBook! He’s only been bugging me about it for…well, I won’t even say how many months! :)

    Thanks again and congrats on another great month!

    • Pat

      Hey Stacey! Then I guess that’s a sign of exactly what you should do next! Always glad to help, and feel free to email me if you need any more advice. Cheers!

  • http://www.EngagedMarriage.com Dustin | Engaged Marriage

    Another successful month for one of the best guys I know online. Congrats on your well-deserved success, Pat! And enjoy that bigger home until all the baby/toddler toys make it seem like a studio apartment. :)

    • Pat

      Thanks Dustin! And yeah – I’m sure Keoni will turn our house into a studio in no time, with all the toys laying around and forts and things he creates. I can’t wait!

  • http://www.rudyrodarte.com Rudy

    Moving stinks, Good luck!
    BTW, bought the 4 Hour Work Week this weekend. So far, the ideas in the book are intriguing and it’s cool to actually see someone (you) put them into practice!

    • Pat

      Awesome Rudy! Tim has somewhat of a different style, as he really utilizes outsourcing and travels a lot, while I’m more of a stay at home type of person (or at least stay in the same state!). But yea, I love that book – I think I’m on my 3rd or 4th read right now.

      Thanks Rudy! Hope to hear from you again soon!

  • http://www.escapingthe9to5.com Maren Kate

    Awesome job Pat! Your killing it :)

    • Pat

      Thanks Maren! How’s the blog post strategy going on escapintthe9to5.com?

  • http://www.opalelephant.com Matt | Opal Elephant

    Hey Pat! I’ve been reading your blog for a couple of months now. I always enjoy all of your posts, and I can’t wait to see what you are going to be doing this year! Congratulations on the new house! My finance and I will be buying our first house in the next few months! Hope the move goes well!

    • Pat

      Thanks Matt, and congrats to you and your fiancee on your new house! I wish you all the best with your move too! Cheers!

  • http://www.ZenithPropertySolutions.com/blog Owen McGab Enaohwo

    Pat keep on inspiring me. I like what you have done with this blog!

    • Pat

      Thanks Owen! I don’t plan on stopping what I’m doing anytime soon, so hopefully I can keep up the inspiring info. Cheers dude!

  • http://wilsonusman.com Wilson Usman

    hey pat love the blog I found you through that bald guy what his name again lol J/K…but yea good point on the baldness we should shave our head maybe then we’ll be like them.

    No I just wanted to thank you for such a killer blog here I hope to be close to your success by the end of the year as well and maybe meet you too you seem like a lay back kind of guy like me. Congrats on the baby my girl wants seven of them lol she thought he was a cute baby and me too…anyway keep up the hustle and thanks again

    • Pat

      Hey Wilson! Great to meet you, and thanks for the comment! What kinds of things do you have going on? I’m always inspired by others and their online journeys too. Thanks for the congrats, and good luck with the seven kids, lol! Chat with you soon!

      • http://wilsonusman.com Wilson Usman

        oh man this is my first blog and only one month on it…I really need to find a niche I think to get going I am kinda going with what I know like entrepreneurship and personal development and I am blogging for another blog too lifescapeartists.com but I be checking your blog out for advice cuz even though I am not worried about making money now even though I am broke and unemployed I just really want to give my readers the best you know.

        • Pat

          Hey, you gotta start somewhere, right? Keep working at it, and you’re sure to see results come your way. That’s what it should be all about – giving your best to your readers :) Cheers, and best of luck to you!

  • http://www.justpointandshoot.com Randy Mejias

    I love these reports haha.

    Even though ProBlogger was the blog I used for a huge portion of my learning when I picked up blogging, these reports are one of the first things to inspire me into considering blogging as a real way to earn a living.

    Now I read them all the time because it inspires me to keep working, and that I only need a fraction of what you make to be able to escape the confines of my cubical!

    Thanks for writing and congrats on all the success.

    • Pat

      Awesome Randy! Thanks for taking the time to read these posts – I love writing them, so I’m glad others enjoy reading them too. Here’s to your success and a quick exit from the confines of your cubical. Cheers!

  • http://www.healthmoneysuccess.com Vincent

    A home office would be cool! Do share with us some photos when you had moved into your new house.

    Cheers,
    Vincent

    • Pat

      I definitely will, you can be sure of that! Cheers Vincent!

  • http://www.ZenithPropertySolutions.com/blog Owen McGab Enaohwo

    Pat at what point can one expect to start results 3 months, 6 months 9 months?
    Lets assuming I commit to posting original content 3 times a day.

    • Pat

      Ok 3 times a day is A LOT of posting. I’d be worried about spreading yourself thin and I think quality far outweighs quantity, so you may want to cut down to 1 post a day (which is still a lot!), and make is the highest of quality. As far as when you’d start to see results, it depends on a lot of factors, including the content you write, where you promote your site and how others promote it as well. If you keep at it and put yourself out there, I wouldn’t be surprised if you started seeing traffic within the first month, and some good traffic within 3 to 6 months, if not earlier. Hope that helps!

      • http://www.ZenithPropertySolutions.com/blog Owen McGab Enaohwo

        Thanks Pat; you are right about the need to post quality and quantity. I will take this piece of advice to heart and see the result of it.

        Thanks

  • http://www.ucwebcreations.com/ Ursula

    Wow, Pat, that is absolutely awesome!! Congrats!

    Also, thank you for sharing such awesome tips and resources on this blog… it’s becoming one of my favorites to read! :)

    • Pat

      Awesome! Glad to hear that the content I’m writing about is something you look forward to! Thanks as always!

  • Rawhider

    Your blog always wakes me up and raises my head a little bit higher. You are truly an inspiration. I love how you are so transparent online. It’s very refreshing. Congrats on the numbers. That’s what hard work is all about. And I love your end quote:
    “The harder you work, the luckier you become.”
    Awesome stuff!

    • Pat

      Hey Rawhider! Thanks so much for the kinds words, and I’m glad I can provide some inspiration for you! I have that quote printed out and pasted on the wall by my computer for me to look at every day. It’s what I live by.

      All the best to you, and I hope to hear from you again soon!

  • http://www.rayantouch.com Rayan A.

    Hey Pat,
    ive been surfing your blog for the last few days, it is absolutely amazing man. very easy to navigate, every word every page is very very helpful.
    keep up the good work.
    Yours.

    • Pat

      Awesome! Thanks so much Rayan! I’m glad to hear about the navigation being so easy on the blog because that was something in my latest redesign that I really wanted to make sure was done. I will continue to provide you and everyone else with as much helpful information as I can! Cheers!

  • Howie

    Good morning, Pat! (EST)

    (Couldn’t stand seeing this post at 99 Comments in that Green little box…had to round it off to 100…)

    ….it’s the OCD kicking in again…lol :)

  • Simon

    Pat..really great to see you doing so well.

    I must admit as a father i had a bit of a knowing laugh when a few posts back you talked about sacrificing sleep. Now that you have a baby you maybe realise how valuable sleep is. You can steal a bit of time from sleep every now and again but to remain productive you got to get proper rest. So hope you getting some passive zzzzz’s over the next few months too mate.

    • Pat

      Haha! Thanks Simon, I’ll definitely do my best to stay well rested. We’ll see how it goes this month with the move and all. Cheers!

  • http://deneilmerritt.com Deneil Merritt

    Wow, I haven’t been here in awhile. You know working hard. :) The income looks great as always and a lot of reading that I enjoy. Pat when did you get so many commentators? It felt like I was going to scroll forever, lol. I guess that’s a good thing. Anyways, I will catch up to you soon enough. Then I will be around a lot more. Cheers to our success! :)

    • Pat

      Good to hear from you again Deneil! I hope all is well! Keep me updated on how you’ve been doing. Cheers bud!

  • Ron

    Awesome report Pat, the income just keeps growing more and more passive it seems (less hours). With everything that’s out there about internet business, its great coming across great content like yours and Glen’s at ViperChill.

    • Pat

      Thanks Ron! I love reading Glen’s stuff too, his articles are always so helpful, detailed and thorough!

      Hope all is well!

  • http://www.blogincomelife.com Valentina

    Hi Pat,
    A double round of congratulations to you – for the $10K+ income for January, which is a great opening to the year; and for the upcoming move to new the digs.

    Wishing you continued and upward success ……………..

    best…………valentina

    • Pat

      Thanks Valentina! Although, the move so far has been quite stressful! A lot of things to do. Ahh!

      Here’s to your success as well. Cheers!

  • http://www.jlamarferren.com J. Lamar Ferren

    I just found out about this blog a second ago. I must have been hiding under a rock to have missed this. Thanks so much and I’ll definitely be back often!

    • Pat

      Awesome! Thanks for stopping by, and I hope to hear from you again soon. Cheers!

  • Leonard

    Well done, I just stumbled across you and I have to say, I am impressed. To see people actually being able to achieve financial well being using the internet is a pleasure.

    • Pat

      Thanks Leonard for the comment. I love reading success stories. It was actually a few success stories that helped me stay motivated while creating my own online businesses

      :)

  • Shawn

    Very inspirational to say the least! I actually similarly started my blog about a year ago for a certification test in the IT field. It hit me one day that I could probably monetize it some way and did a little research and came across your website. I’ve always enjoyed writing so when I read your ebook about how to create an ebook I had my first lightbulb AH HA moment! This was about 6 weeks ago, currently I have a simple web page with a free teaser ebook download while I finish up the full product. I can’t wait to get my product on the market and report my results. Thanks so much Pat, honestly without you I don’t think I would have taken that first step to finally generate my own income!

    • http://www.configurethenetwork.com Shawn

      Good thing I misspelled my website name

      • Pat

        Hehe, it’s all good Shawn.

        Thanks for the comment and sharing your experience too. I can’t wait to hear about how your eBook launch goes too! Please, please keep me updated on your progress.

        Good luck!

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  • http://www.imoneygym.com John

    Pat,
    Great looking site, this is my first time visiting and I must say, I will be checking back regularly and will be downloading your e-book in just a few minutes. This is where I want to get to, thanks for the inspiration!

    • Pat

      Thanks for your comment John! Is there’s anything else I can do to help, please let me know. I hope you enjoy the eBook! Cheers!

  • http://www.behappynyc.com Einat

    Congrats on the move AND the 10k+ month! Well deserved! And as always, thank you for sharing your in detail monthly reports with us, you are truly an inspiration!

    • Pat

      My pleasure, Einat! Thank YOU for the comment and for your support. Wishing you all the best!

  • http://www.identityquest.co.uk Paul

    Some great figures there and truely inspiring! I am still trying to get myself earning a passive income as I aim to give up my day job to focus on earning a living online, just finding it diifcult to get the income stream started. Love the blog and I will keep reading!

    Thanks Pat

    • Pat

      Thanks for stopping by Paul! I hope to hear from you again soon :) Cheers!

  • Tiffany

    Hi, I stumbled across your site when I googled passive income. I’ve read a few of your reports, and I have to say I am very impressed with your ingenuity and persistence. In the near future I hope to set my own passive income wheels in motion. It’s good to hear it’s working so well for you. I know now there’s hope for me yet. :) I will be visiting again.

    • Pat

      Hey Tiffany. Seriously, if I can do it, anyone can do it. I’m no one special, so it makes me really excited to hear people get excited about what I do, because I know it can happen for them too. Hope to hear from you again soon! Cheers!

  • http://makingsparechange.blogspot.com/2010/02/examinercom-update-on-earnings.html Char

    Wow so inspiring and I was happy with $400 per month!

    • Pat

      Hi Char! I remember when I was making about $400 a month. I was happy with that too, but there’s always more you can do. You just gotta keep working at it and believe you can do it!

  • Joe

    Cool beans. Do your affil earnings come from this website, or other websites as well? Cheers.

    • Pat

      Hi Joe, my affiliate earnings come from this site and my LEED exam website, as well as sometimes on twitter :)

  • http://newnichefinder.com Susan @ New Niche Finder

    Pat, I love the monthly practice of not only reviewing income and expenses but really looking at what you did that made a difference and what you learned…and writing it all down. I’m going to start doing that and recommending it to my clients. Thanks for sharing.

    • Pat

      Anytime Susan. I love doing it because it keeps me motivated, but also other people motivated too! Let me know when you begin, I’d love to check it out. Thanks!

  • http://bookmarkingdemon24.com Marc

    Great to see how you’re still “profitable” in these days of recession!! I love it :-)

    • Pat

      The recession started this whole thing actually, the day I got laid off. Looking back, getting laid off was a great thing to happen to me in my life :)

      Thanks Marc!

  • Swapna

    Hi,

    I live in India and I work very hard as a freelance writer. Even so, I do not earn more than $1000 per month – and that is during my best months. I wrote until now, more than 22 e-books for my clients. Your blog was extremely inspiring. I want to write an e-book (or many more) for myself and start selling them to get a passive income – just like you. For this purpose your e-book was awesome. I just wanted to ask you – is it necessary that I sign up for the Internet Business Mastery Academy? I have next to zero idea about the Net and I have no blog or website. However, I am smart – even if I say so myself – and hardworking. Can I kind of find things out myself – with the help of wonderful people like you – or I need to have a professional coaching? $97 is a lot of money for me …

    I would be so grateful if you could kindly drop me a line. All I need is about $3-5K income per month. That would be great for me.

    Do you handhold people into setting up their business?

    Looking forward to your email.
    Swapna

    PS: By the way – please look up your ‘contact me’ page. The spam verification code is not working; and hence people cannot write to you. It gets stuck at ‘double-check your verification code’.

    • http://www.ZenithPropertySolutions.com/blog Owen McGab Enaohwo

      @Swapna I will like to talk to you about your eBooks services, when you get a chance please get back to me.

    • Pat

      Hi Swapna,

      First of all, you don’t have to sign up for any type of program. Many people that I know have not gone through that program (or any other program) and have still become really successful online. What matters most is determination and what we call “hustle”, or just doing exactly what it takes to get to where you want to go. This may include hours of research (there’s a lot of FREE material online, such as on this blog that can help you get started), hours of hard work (which it already looks like you do), and even a little bit of luck, but as I like to say, “the harder you work, the luckier you become.”

      Unfortunately, I don’t do any real “hand holding”, not because I don’t want to, but really because I have so much more going on, and I would only want to do that with someone if I were able to devote 100% of my time and effort into helping that person (as should be done with any business). I have so many things going on right now, I would feel bad not giving the person I was working with 100% of my attention.

      It sounds like you have the right qualifications to do some wonderful things online. Have you thought about exactly what you could be doing. When you say you want help starting your business, what do you envision yourself and your business to be doing?

      Anyways, I tried my contact page again, and it seems to be working. I apologize for the inconvenience, but I’d try again if you wanted to.

      Thanks for dropping by, Swapna, and I’ll do my best to write up some good blog posts that will be useful for you and for everyone else trying to succeed online. Wishing you all the best.

      Cheers!

      • Swapna

        Dear Pat,

        just wanted to thank you for taking out time and answering in such depth. Felt great. I also wanted to tell you I loved you free eBook. I think it is awesome. I am struggling to come about an idea for a good e-book – I am ghostwriter and it seems I have done that for so long that I am unable to think for myself any longer – and I think I will try walking on your type of path.

        Warmest regards
        Swapna

  • http://www.wordplaywithvinay.com Vinay

    this is a great post. I will definitely go back through the archives. great to see the breakdown of your bread and butter. inspiration to us all!`

  • http://www.brandonhansen.com Brandon

    pat – thanks for the inspiration. i first heard about you in sterling and jay’s academy and through their interview with you. i kind of lost track of how you were doing for a little while until i heard about your new podcast from another podcast i listen to.

    i was glad to download it right away and listen to it on my way to work. i have a couple sites that are coming along and hopefully before too long i will have even more smart, passive income. thanks for the inspiration.

    brandon

  • http://www.florian-herzog.com Florian

    Wow Pat, I’ve never seen somebody who’s that honest with his earning, even in private terms. You really encourage me starting my very own passive income flows.

    I’m kind of new to that blogging stuff, so I keep it shirt.

    warm greetings from Germany,
    Florian

  • Denise

    Great info on your site! I (along with a few others) am researching a potential start-up that will utilize an iPhone app. We’ve been pretty overwhelmed with the whole learning process, but this site has been quite inspirational and refreshing. It’s good to find individuals that seem genuinely interested in helping others achieve their goals. I wish you all the best!

  • http://www.thehousewasher.com.au/ house washing

    I hope I could earn same amount in the future. I wonder when it would be. All passive income, well you can expect for more soon.

  • http://www.sydneywidepainters.com.au/ Sydney Painters

    I’m just curious with one thing. How long did you set-up all of your income generating activities to achieve all of these stable earnings? If possible, maybe you could share inspiring story here or any techniques you’ve made. I am interested in earning more online.

  • ygelex

    hi,

    Please advise best successful affiliate program which offers high commission and also reliable.

    Further I have one main problem that paypal is not support my country. That’s why I can’t participant in many good online program what can I do?

    I am waiting your earliest reply. Thanks a lot in advance.

    Regards,

    ygelex