Despitethis, many brave bloggers publish how much money they make each month and also how they make it. They breakdown the channels that drive income and also the major expenses. Since my blog is about enabling you all to build consistent passive income streams and build a long term business asset, it only makes sense that I share my income reports with you.
This information helps you choose affiliate programs that convert well. You can also use it to understand the kind of review/tutorial posts you should be writing to convince your audience to buy. Of course you should always affiliate for products you use, like, and truly believe are useful.
You always need to invest in a good hosting provider and some email marketing software, and there can be several other expenses in terms of tools, plugins, outsourcing, etc. The expenses are as important as the revenue and, therefore, the profit.
Once out of college, she started her finance blog to keep track of (and improve) her finances so she could pay off the student loan. She even briefly took up a job as a finance analyst which she quit to pursue solopreneurship.
Every month, Michelle publishes her income reports where she gives a breakdown of the money she made in the last month. Her income is spread across affiliate programs, freelance writing, ads, sponsored content, and more.
Harsh Agarwal is one of the first probloggers in India. His blog is about helping people make money online. Each month, Harsh publishes an income report and lists all the affiliate programs he promotes along with the commission he made via each.
Abby uses her blog to teach people about organization and productivity. She also helps people build consistent passive incomes like hers. Every month, Abby and Donnie publish a detailed breakdown of their earnings and expenses.
Thank you, Rene, I really appreciate your support. And, I agree, whether a blog has an income report or not is not important. The most important quality of a blog is its ability to help people with its content. 100% with you on that one. ?
It's nice to meet you! I'd love to send you exclusive content that you can't find anywhere else on the blog, and I'll send you free ebooks and MP3s to help you with your online business as well!
Originally just a place to share the recipes that Lindsay enjoys making and eating herself, today Pinch of Yum reaches millions of people every month with exciting recipes that inspire people to make time in their busy lives to cook.
Pinch of Yum is more than just a recipe blog, as Lindsay also shares stories from her life outside the kitchen, including travel, home stuff, motherhood, and her deeply personal story of the loss of her baby son, Afton.
Their last income report was published in November 2016, and at that time the main sources of income were advertising and sponsored content, although there was also some affiliate income. The main expense was staff salaries and contractors.
Revenue comes from affiliate commissions on sales of the many products that Mike has reviewed on his YouTube channel, from commissions on product launches he promotes to his email list, and earnings from his monthly coaching program.
Ryan Robinson started his first side project in college, when he designed a fake iPhone called the iStash so students could smuggle weed into concerts! He had them manufactured in China and sold more than 6,000 units but still managed to lose more than $6,000.
Joe monetizes his blog mainly with coaching and consulting, a mastermind group, and a membership community designed to help people start their own practice, as well as some passive affiliate commissions.
Seeking an outlet for her productive energy that would fit into nap times, Suzi turned to blogging which seemed the perfect fit, offering the flexibility she was looking for, as well as connection with other Moms.
Matthew decided to see if it was possible to rank the blog without doing any link building. As the blog now has more than 100,000 monthly pageviews, he seems to have answered the question convincingly!
The blog is monetized with affiliate commissions on more than 60 products that Matthew has talked about. He also includes a similar amount of affiliate income from another online project which is not publicly disclosed.
With case studies about successful VAs and articles about how to become a VA, including the skills required, ideas for services you can offer and information on the legal considerations, the site has a lot to offer those considering this flexible and lucrative line of work.
Sydney left her 9-5 job and now has her own business editing, writing, managing websites and doing other online work. She shares her wins and losses on the Untemplater blog, to encourage others to build a base of financial freedom and strike out on their own.
Sewrella makes money from display advertising and sponsored posts, as well as some affiliate income, and sales of patterns through Etsy. Expenses are minimal with Etsy Seller Fees being the largest outgoing.
Today the blog has lots of tips and information to help others who would like to quit their jobs, work from home and make a real income. Daundra spills the beans on making money with freelance writing, and retail arbitrage using Amazon FBA.
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Positive Psychology is concerned with what makes life worth living, and since its beginning, positive psychologists have done a good job of moving under their umbrella more and more relevant concepts. Passion is one of the recent notions claimed by positive psychology, and my purpose in this post is to talk about research into passion by psychologist Robert Vallerand at the University of Quebec (Montreal).
First a little background about "passion" that is relevant to contemporary research. The word apparently comes a Latin verb - patoir - meaning to suffer and endure, an intriguing origin considering that nowadays we often use the term to describe pursuits that we enjoy and - indeed - to describe active pursuits as opposed to the passive endurance of painful events.
The term was used to describe the suffering of Jesus (cf. Mel Gibson's 2004 movie "The Passion of the Christ") and Christian martyrdom. Following these uses, "passion" came to mean more generally very strong emotions, not only suffering but also what sustained the person who suffered. Even today, I suspect that one indicator of how passionate someone is about a pursuit or goal is the willingness to sacrifice in order to achieve it. In one of the memorable lines from The Last Lecture Randy Pausch told his audience that the barriers in our lives are put there so that we can show how badly we want something.
Somewhat more recently in etymological history, passion was used more narrowly to describe strong sexual desire, a still common use, although nowadays we also see passion referring to any and all strong emotions: love or joy or hatred or anger.
Vallerand (2008) defines passion as "a strong inclination toward a self-defining activity that one likes (or even loves)." Note that he limits "passion" to activities that people like or love, which is why his work fits well under the positive psychology umbrella. I suppose it would be interesting to explore the darker passions, those marked by hatred or anger, but that has not been Vallerand's purpose. I refer interested readers to AM talk radio.
Vallerand's qualification that our passions define us is important and distinguishes his work from superficially similar investigations of notions like persistence and perseverance. So, I persist doggedly every April to complete my income tax returns, but I would never use the word passion to describe what I do (except when I feel like an IRS martyr).
Vallerand uses the examples of playing the guitar and playing basketball. Many of us do these things, but they become passions when we start to think about ourselves as guitar players or basketball players.
Is passion as Vallerand defines it a positive psychology topic? Obviously. The activities about which we are passionate make our lives worth living - usually - even if psychologists have typically neglected them. (There is an extended psychological literature on so-called "interests" which strike me as the tepid relatives of passions.)
Where do we find our passions? Some folks are passionate about their work, and others passionate about their loved ones. In my opinion, these folks are fortunate but not typical.Freud famously wrote, "Work and love ...love and work ... that's all there is." I disagree. What about play?
Leisure activities are where many of us find our passions. Because he is my friend, I happen to know that Robert Vallerand is passionate about playing the guitar and about playing basketball (not at the same time, to my knowledge). And I am passionate about playing Scrabble and rooting for the University of Michigan football team. One need not be all that skilled at an activity to be passionate about it; I am at best a mediocre Scrabble player, although I am better at playing tiles these days than the Wolverines are at playing in the Big Ten.
Leisure activities may lend themselves readily to passion because they are voluntary and intrinsically motivated. It is much easier to define yourself in terms of an activity that you choose to do as opposed to one that you must do.
In any event, I suspect Robert Vallerand is also passionate about his research as a psychologist because he has carried out an impressive line of work into passion, one that he writes about and speaks about with great enthusiasm.
His early work entailed surveys. He found that 85% of his adult respondents could readily identify at least one activity about which they were passionate. As I have suggested, most of these activities are recreational. People on average spend 8.5 hours per week on their most passionate pursuit, and they had done so for many years, usually starting in adolescense. (It can't be a coincidence that the central Eriksonian task of adolescence is to create an identify for one's self.)
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