Goals for November

When I first started doing work online last April, my main focus was earning cash quickly to meet bills for my son and I. Much of my time was spent writing articles for cash with companies like Textbroker and for Amazon's Mechanical Turks program. Generally the pay was low ($3-8 per article), but it was (and is) a reliable source of income. I was earning between $200-250 a month writing a couple of articles almost every day. However, this also felt a bit precarious since my daily earnings were based on what kind of articles were available, and there were some days when there were simply no available orders that I could fill.

The writing was also often tedious, since I often found myself writing articles about which I had no personal interest. And it was also frustrating, since I knew the people I was writing the articles for were profiting from them - although I wasn't quite sure how they were doing this, and I became determined to learn more about how they were doing this.

Thus started my research into the complex world of advertising, affiliate marketing, website development, search engine optimization and much, much more. The results of this research also started a big shift in my own earning strategy from focusing on "active" source of income coming from daily freelance writing jobs, to "passive" sources of income (also known as "residual income") from Adsense and affiliate marketing programs.

What does passive income mean for me and my son? It means that if I can't work for a day (or two or three), I'm still earning money. I'm no longer tied to what jobs are posted that day - I have much more flexibility in terms of developing and promoting the websites that are earning passive income for me. In sum: it's great!

By October I was earning almost the exact same amount I earned in April or May from freelance writing jobs, but nearly all of that income was coming from passive income streams. Passive sources of income can take some time to develop (often several months), but I have a feeling they are going to really explode for me in the next few months - so I hope you follow along to see how that goes for me!

For November, I am hoping to double my income from October. In October I earned $213, so for November I am hoping to earn at least $426. I believe much of this income will come from a new affiliate program I have just become involved with: Clickbank. I just learned about Clickbank last month and made my first sale last week, and I'm looking to earn at least a couple hundred dollars from this revenue source this month. The remainder will come from Adsense - which I'm earning over $100 reliably now each month, and which I hope to get to at least $200 this month.

I'll be making updates as the month goes along!