I’d have to say that March of 2019 was one of the most difficult months I’ve ever had with my online business.
This isn’t because my revenue has been falling, this was actually my second-highest earning revenue month ever, but it’s because two other difficult things occurred.
First, my Website 5 was hit by the recent algorithm change and traffic dropped by about 50%.
Because of that, I had to take some really drastic measures and I’m changing the entire structure of the site moving forward. I’ll detail more in the report, but it’s been pretty tough to deal with.
Second, Website 1 started to show declines in traffic and that’s a pretty scary feeling when it makes up about 75% of my earnings every month.
After some reflection and figuring out what it is that I need to do, I can actually say that I feel better about my business today then I have in a while. I’ll get into why that is within the report, but I’m making some changes and already seeing positive results.
This month my total income after expenses was $16,728.57 which comes out to $539.63 per day.
Life continues to be hectic with the renovation of the house that we purchased at the beginning of the year.
I’m happy to report that we’re coming to the end of the most expensive and difficult projects in the house such as electrical, flooring, and a kitchen remodel.
Once those are done, there are still a few bathroom remodels we want to do and adding a fence in the backyard, but those are all small relative to the projects that we’ve been getting done.
In March, I was able to focus more on my business and less on the house itself as we are simply hiring contractors for most of the work. But, it’s still a pain to deal with because there’s a lot of dust in the air and it screws up my daily routine pretty significantly when workers are here.
Aside from that, my wife will soon be getting her green card and we can live like a normal family finally.
Not a whole lot to report from a personal standpoint this month, we’re just chugging along and life is good.
Oh, and before I begin on the actual report, If you’d like to begin a similar journey as myself and try to create a passive income online business, I recommend you read this write-up I did.
It should help educate you before you begin to move forward.
Before I dive too deeply into the income report, if this is your first time on my website let me explain why I write a detailed income report each month that outlines the money I made (or lost) each month.
I’m doing this for a number of reasons:
1) I strive to be transparent about what it takes to make money online.
2) These reports help me keep track of my own progress.
3) These reports hold me accountable.
In short, I don’t create these to gloat about my earnings. I create them to help you understand the true “earning curve” of online business. Now that we got that out of the way, let’s dive into the report.
|PRODUCT OR SERVICE||REVENUE||EXPENSES||NET INCOME|
|Udemy Course Sales||$20.24||$20.24|
|Aweber Email Platform||$20.70||$20.70|
|ShutterstoWebsite 5 Images||$46.00||$46.00|
|Website 4 FBA Merchandise Sales||$53.74||$53.74|
|Partners and Affiliates Revenue|
|OHP Partners and Affiliates||$11.98||$11.98|
|Website 5 Partners and Affiliates||$29.67||$29.67|
|Website 4 Partners and Affiliates||$580.75||$580.75|
|Website 3 Partners and Affiliates||$797.70||$797.70|
|Website 1 Partners and Affiliates||$8646.08||$8646.08|
|Personal VLOG Channel||$11.59||$11.59|
|OHP YouTube Channel||$64.65||$64.65|
|Website 3 Media.net Ad Revenue||$18.85||$18.85|
|Website 4 Media.net Ad Revenue||$58.17||$58.17|
|Website 1 Media.net Ad Revenue||$186.52||$186.52|
|Google Adsense Revenue|
|OHP Adsense Revenue||$6.20||$6.20|
|Website 2 Adsense Revenue||$19.98||$19.98|
|Website 5 Adsense Revenue||$123.32||$123.32|
|Website 4 Adsense Revenue||$238.56||$238.56|
|Website 3 Adsense Revenue||$2,803.75||$2,803.75|
|Website 1 Adsense Revenue||$8,174.19||$8,174.19|
|Adobe Photoshop Account||$10.61||-$10.61|
|Mailshake Email Software||$19.00||-$19.00|
|Google Business Drive Storage and Apps||$32.09||-$32.09|
|Intuit Quick Books||$40.00||-$40.00|
|Credit Card Annual Membership Fee||$95.00||-$95.00|
|Freelance Labor Expenses|
|Freelance Research, Editing, and Misc. Labor||$2,674.71||-$2,674.71|
|Revenue By Channel||Website 1||Website 3||OHP Website||Website 4||Website 2||Website 5||Consulting||Udemy||YouTube|
|January 2018||$7993.31 ||$467.71 ||$757.59 ||$718.04 ||$14.26 ||$486.99 ||$0||$113.95 ||$67.06
Every month I have income that streams in from multiple sources and quite frankly, a lot of that is pretty regular. However, each month I tend to see a few line items that are drastically different from the prior month. In this section, I only discuss the items that have increased or decreased significantly.
There were two items that jumped out to me this month:
Similar to the income I make every month, there are certain expenses that I consider “fixed”. As I did in the income area, I’m only going to discuss the outliers or new items added as expenses.
There were two items that jumped out to me this month:
Website 1 Update:
For the first time in a long time I really started to get nervous about this website in the month of March.
Long story short, traffic was continuing to drop for three months in a row and though it was only dropping by 5-10%, in aggregate that can be pretty difficult to deal with.
The content of the website is already decent, and I’ve got enough back links to succeed in the niche, so I did a little bit of soul-searching to figure out what it was that was going wrong.
The conclusion I came up with is that the content needed to be refreshed.
Plain and simple, there are plenty of articles on this website that I had written 3 to 4 years ago and I haven’t touched. I’ve been reading a lot about how updating your website content can yield some positive results, but I didn’t buy into the theories.
Now that I’ve tried it and revised some pages, I’m seeing that I should’ve done this a long time ago.
Though I’ve only revised five different pieces of content, I’ve seen an 8% increase in visits to the website and pageviews have increased by 10%.
The total time that it took me to do this? Probably about three hours.
The return on investment for the time spent is far beyond what I would get in creating new content and I think it’s a lesson that I need to make sure I’m revising content on a more regular basis.
My strategy for the revisions has been pretty simple.
This process was pretty easy to do, but the results were pretty awesome to see. Prior to the revisions I could see myself ranking numerous times in the 3-4 positions, but then after revisions I was able to bump right back up to number one.
In addition to that, I saw numerous occurrences where Google was showcasing my answer to a question in their knowledge graph at the top of the search results, but they were using my competitors’ image.
I thought this was really strange because all of my text was at the top answering the query, but for some reason, my competitors’ image is what the search engine thought would be most appropriate.
What I found was that after republishing my content and revising it to be a little bit better, my competitor images disappeared and the knowledge graph pulled my own website images again.
I really have no idea why this is or the reasoning behind it, but I do know that I was able to revise things to make myself show in both spots again so I’m happy with the result.
In the next few months, I anticipate revising a lot of the content on this website to try to win some of my traffic back. I can’t even imagine if I was able to get to the number one search results on numerous pages that I’ve lost in the past, but if I was able to do so there would be a significant bump in both traffic and earnings.
Udemy Update: I no longer focus on Udemy and though it still gives me some income, it’s all passive.
OHP Website Update: I no longer focus on this website outside of these income reports.
Website 3 Update: It was nice to see a jump of about 23% in traffic to this website in the month of March. I think some of this has to do with seasonality, but I think a larger part of it is because I’ve been focusing a lot on guest post link building.
While I can’t say with 100% certainty that this is the cause of the traffic increase, I think it’s pretty apparent that the more links I get, the better this website does.
Like Website 1, I’m going to look at some of the content here that has lost positions and try to revise it to increase my rankings in search engines.
Beyond that, I’m going to also look at how to further increase earnings on the website.
Per 1000 visitors, I’m making about a third of what I do on Website 1 and I think that’s because I just haven’t thought hard enough yet on how to monetize the website.
Here’s a graph of the last 12 months of progress:
Website 4 Update: I was pleasantly surprised to see the earnings for Website 4 this month. I really haven’t done anything at all to make it better, but I almost hit $1000 in earnings for the month which is the target.
I don’t really have many plans for this website right now other than letting it run on autopilot, but I may consider content revisions here as well if it makes sense.
Here are my statistics for this website in the last 12 months:
Website 5 Update:
It’s possible that the writing is on the wall for this website.
Everything I’ve tried to do isn’t working and it’s getting to a point where I don’t know what to do any longer.
I’ve been in this Internet marketing space for over five years and haven’t had a serious failure since year two.
However, at this point in time, this website is looking like a huge failure.
It’s a real shame to and it was really defeating because I’ve put so many hours into this website and so much thought. I genuinely feel like I have a good thing here, but Google doesn’t agree with me and hit the website pretty hard in the month of March with the new algorithm change.
My traffic to the website dropped 43% MoM and my earnings decreased by about 50%. The only good news here is the fact that this was a small website in the first place and never really provided me with a lot of income.
If you’re wondering what the issue is, so am I.
The only thing I can come up with is the way in which I did link building.
For quite some time I talked about how great database link building is and it may have worked against me here.
This is essentially when you create a directory on your website, and then you have multiple people link to you because of said directory.
While this did work for Website 4 without any issues, I think it crushed Website 5’s potential.
Google was only sending traffic to these directory pages on Website 5. Because of this, it was really difficult for me to create affiliate content that would get seen in search results.
I actually think that Google felt my website was mainly a directory vs. a general resource for people who are interested in the main topic of the website.
This meant that even at its best, the traffic to the website wasn’t going where I wanted it to and the revenue generating component of the website was pretty weak.
Because of this, I took some pretty drastic measures and have essentially destroyed hundreds of hours of work that my virtual assistant put in.
At this point in time, I’ve unpublished all of the different directory listing pages that I have on the website. My hope is that Google is going to understand I no longer have a directory on the website itself and instead attribute all of the link equity that I built to the pages that still exist.
If this happens, Google will begin giving higher rankings to the informational content and affiliate content that I’ve created on the website.
If Google does that, then I’ll be able to still make significant earnings. If not, then I have to think about a new direction.
I pulled down all of the directory pages on May 18th and to my surprise, I’m still seeing quite a bit of traffic getting sent to these pages by Google. Again, this is after I pull down the pages and resubmitted a sitemap to Google.
My plan is to wait another couple weeks and then republish these pages with noindex/nofollow tags so that Google doesn’t index them at all. Truth be told, I still see a lot of value in what I’ve created but I don’t want Google to think that this is all that the website focuses on.
If I don’t see an increase in non-directory content from these efforts, I’ll try to build a few more links to the website in hopes that Google will understand what’s going on.
If none of this works, I may just try to sell the website for the domain authority rating and let someone else figure it out.
We’ll see what happen, but so far it has been a VERY rough ride for this website.
Here are my statistics for this website so far:
Every month, I’m going to reflect back and tell you a few different lessons that I’ve learned. My hope is that the lessons each month will be a cautionary tale for you that makes it so that you don’t make the dumb mistakes that I do along the way.
Complete all Development Projects (SUCCESS)
I was able to complete my development projects for the month of March. I’m going to be opening up a few new rounds of development projects in the month of April and my hope is that they move pretty quickly. This will probably be my last round of development updates for some time, which is good because I’ll be able to retain some more of the revenue that I’ve been generating.
Launch PI Officially (SUCCESS)
I’m happy to report that I was able to launch this website near the end of March. I still haven’t finished all the design of the website itself, but I’ve been able to publish 60 different articles and have started putting content out there.
Revise Website 1 Main Keyword Page (SUCCESS)
As I mentioned in my report, this was a very successful test and something that I want to do across more websites. It’s increased my traffic and earnings and seems to be something I should’ve done a long time ago.
Outsource Skyscraper Link Building Process at Scale (FAIL)
This task was going to be for Website 5 and now that things have gone south, I don’t think it makes sense to spend my time and resources here. For now, this is a no-go.
Revise 50 Pieces of Content on Website 1
I use the Pareto principle when it comes to my websites. This basically means that 80% of the traffic and revenue comes from 20% of the effort. I think this is true and my goal is to edit the top 50 pages of content on the website and republish them.
Finish Design of Website 7
Though I’m already publishing content on this website, I’m doing so without a properly designed homepage. I really don’t think it matters at this point because I have the Minimal Viable Product out there, but I need to build out some category pages and make the website look more respectable.
Make My Guest Post Outreach Better
Though I’ve been able to secure a number of guest posts, a good friend of mine told me how he was able to land about 40% of his pitches for guest posting. How was he able to do it? He just said there was a lot more touch points than what I was currently doing. So, in the month of April I’m going to revise my outreach process to try to secure more guest posts.
What are your goals for the month? What questions do you have? Let me know in the comments below!