(Every month I reveal stats about my side projects, which includes how much I’ve earned. The info below is slightly censored. For the full financial figures, sign up in the sidebar to the right.)
Another negative month! Yup, compared to last month’s +$557, this month’s -$164 doesn’t look so hot. It’s because I spent some money. But don’t worry, I like to look at it as reinvesting my profits back into the company. In fact, to date all my ventures have produced a total positive income of a couple thousand dollars despite being in the red some months.
I made some pretty drastic changes in my focus this month. Ya know how I said back in January that I needed to stop jumping from idea to idea and just focus on one (that one being AmpedSense)? Well, I didn’t necessarily follow that advice this month. I felt like I was just spinning my wheels on AmpedSense, going nowhere despite trying everything. I had devoted a solid 5 months to making it work, and it simply isn’t profitable right now.
When is it time to call it quits? Well I’m not calling it quits, but I am putting it on pause for a bit. Maybe Google will finally give it some SEO juice as it matures. Or maybe someone important and influential will stumble across it in the meantime. I know that sounds lazy, but I have noticed with some of my other sites that even when I stop working on them, they’ll slowly pick up steam months later, and then become money machines with no additional effort. One can hope that will happen with AmpedSense.
So what did I do with my time this month? I started a new project. I know what you’re thinking: “Shane, you clown! You already have 8 other websites, do you really need to spend time on a new one?” Well yes, yes I do. See, the 8 other side projects are great, but they’re pretty much at their max earning ability. If I want to bring in more side income, I need to explore other, more profitable areas. Besides, it’s you guys that helped me come up with this idea!
Yes, I won’t get into the details of the new site right now (maybe next month), but I will tell you that it’s because of some activity and comments on this site that ultimately led me to start this new venture. Perhaps writing about my journey is going to have more benefits than I originally thought 🙂
Anyway, let’s get back to this month. Here are the summary numbers:
(You should be aware I’m excluding the expense of web hosting in that chart. At $5 per month, I feel like my web host cost is negligible and hard to split between that many sites.)
Compared to last month, traffic was about the same, but expenses went way up due to creating the new site, thus cutting into profit and making it negative.
I had set a goal at the beginning of the year to be at $1k/month by July. Looks like I missed that goal. Bummer. I still think I can do it, it’s just gonna take a few more months. I think I can, I think I can…
Did you miss any articles?
If you haven’t been to my blog in a while, here’s what I posted this month:
Any questions, suggestions, or feedback about this breakdown? Would love to hear from you with a comment below!