November Earnings:
The sixth month for The Residual Income Challenge not only failed to meet the daily profit goal, it was my lowest full month of earnings ever. I needed to average $5.47 per day in residual income to stay on pace, but I only earned $1.44 per day. That's a difference of a $4.03 per day, or $120.90 for the month.
November Vs. October
For the month of November, I earned $43.12. That is a 41% drop from the month of October. October was my highest residual income month so far, but a 41% drop is still huge. Let's hope November was just a bad month, and things get back on track.
Current Residual Income Opportunities
Unfortunately I was unable to add any additional residual income opportunities this month, but I have quite a few in mind that I still want to try out. So, as of now I still have 16 ways of making residual income online.
Residual Income Breakdown:
My residual income from various sources was weak across the board except for this blog. Examiner earnings were weak, eHow earnings were about average, and the rest of my sources earned a few pennies. My blog however, really stepped up this month and made a significant contribution to my total residual income for the month. The Residual Income Challenge made $2.63 which represented 6% of my total income for the month and was a staggering 574% gain over October's earnings. I don't think that trend will continue though, because I had one huge earnings day off of just 1 click.
Here is a breakdown of my November earnings:
The Examiner: $24.69 (89 Articles)
eHow: $15.63 (39 Articles)
Residual Income Challenge Blog: $2.63
RedGage: $0.06 (25 Uploads)
FireHow: $0.11 (2 Article)
Total: $43.12
What's With the Low Earnings?
For the month of November, I was very busy at work and I wasn't able to create as much new content as I wanted. It's obvious my Examiner earnings are what really dragged down my residual income from the month. I only created 8 new Examiner articles, when I normally average at least 20 each month.
Daily Earnings Chart
Here is a chart of my daily earnings for the month of November. Nothing too interesting to note this time; except that the spike in earnings continues to come around the middle of the month. It's very possible eHow gets backed up at the beginning of the month and then pays several days worth of earnings towards the middle of the month. Other than that, the chart looks kind of depressing as the daily earnings hovered near the $1 level whereas the earnings in October gravitated towards the $2 level.
December Goal
Examiner earnings have started to come back around the past week or two so I will keep writing as usual. My main goal for this month is to create about 10 new eHow articles. I have about 30 on reserve that I just need to start writing. I did an eHow poll in November, and the results indicated that members who have a couple hundred eHow articles tend to earn more per article than those who have less than 100. Very interest results, so quite simply my plan is to build my way to 200 eHow articles as soon as possible.
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1 day ago
Don't worry about your November or even December earnings. With more people taking vacations and out doing other things, you'll generally have less traffic. I know I have and it really sucks. January will shoot up, just watch and see.
$100 a day in residual income in 2 years is totally achievable. I like how you break things down by $/article/month. This tells you that if you are making $0.50/mth per article, you will need about 6,000 articles published to make $100/day. It's all about how many money making properties you put out there.
I know you're a big supporter of using Ehow but the reason why you are able to make money with them is because of the authority of the site. You can try other sites as well such as Hubpages. However, in the long run, the best thing to do is to focus on your own sites. You keep 100% of the income and have way more control.
I haven't read everything on your site yet so my apologies if you already know this stuff but knowing how to choose the correct topics to write is essential as well. You can write 1000 articles and still not make much if they are all on topics that either have very little demand or very strong competition.
I just stumbled on your site and read a couple of your posts and commend you for taking on your residual income challenge. Hopefully your success will inspire others to do the same. Keep up the good work.