Well guys, it’s time to report on my 3rd month of owning RDS and though I’m a little late with the post this month, I’m still holding true to my promise that I’ll report my earnings from this blog.
Again, you need to know that I didn’t have to “start from scratch” so that’s helped me to earn money from this blog from the get-go. I purchased this blog because it was already established, which makes it easier to monetize. I also leveraged Budget Blonde’s advertising network from the past few years which helped a lot.
So, without further ado:
Third Month’s Income:
Affiliate and Direct Advertising: $631.00
Help With the Blog: $412
Guest Posts: $60.00 (since the beginning of RDS, because I forgot to count them before)
As many of you know, I have help in the form of two virtual assistants here on RDS, and I also pay Grayson to regularly update the technical side of things. Combined, their services cost me $412.00 last month.
So, Earnings – Expenses =
Total Income: $159.00
Seeing this in print is somewhat disappointing, but I knew October was going to be slower as soon as it started. It started off REALLY slow, so much so that I thought I would be in the red for this month. But, it finally picked up a bit at the end. The good news is that some advertising income that I started working in October wasn’t finished until after November 1st, so we should have a good November!
Also, I got some important things accomplished which were very much worth the expense. One of my VAs added over 100 bloggers to the RDS twitter feed so that we can start promoting other sites. If I forgot to add you, please e-mail me and I’ll get her to add your site as well. We would also so appreciate a mutual tweet back if you noticed we added you this past week!
I also spent a good bit of time training Kayla to handle advertising for RDS in October as well as a few other important tasks. As always, she picked it up super fast and so now I’m calling her the official blog manager for this site. She is pretty much running it by herself with the occasional question answered from me or occasional post from me, and thus she has become invaluable to me.
If you want to grow as an online entrepreneur by adding new sites to your portfolio, a trustworthy blog manager is everything. One day I hope to implement some more of the ideas I have for this site, but for right now, just having it provide good content and support for those in debt is good enough for me. It’s a big expense to buy additional sites and have other people run them, but hey I made $159 dollars in October that I wouldn’t have had otherwise if I hadn’t made the investment in growing my online business. So, I’m calling it a win.
How did your side hustles go for October?