making money online

2 Years Online: An anniversary for nearly $12000 extra income

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I promised that I would be switching to cash accounting rather than counting each penny as I earned it. But then I realized that I’d be making the switch mid-year and in some cases I would be double counting some income, creating a false total.

Then in August, the changes that I had been planning for the blog for a while finally came together: InvestorBlogger became a multi-channel blog with separate and identifiable ‘channels’ on Finance and Blogging. Those two are perhaps the strongest streams. Three additional channels were created for minor stuff, and so InvestorBlogger Dot Com has increased page views, readership, readers, RSS readers, page time and much more. Though each of the channels is still slowly building up steam, the benefits have been positive so far.

Since August 1st, I’ve published a number of great articles in both the primary channels, as well as the occasional piece in the others. I’ve worked hard on the SEO of each piece, including keywords, descriptions for both blogs and posts. I’ve added sitemaps for humans as well as search engines. I’m also extending advertising by joining new networks and working hard to promote the site on AdWords.

While I’ve been doing all of this, income to the blog has dropped somewhat to a less than spectacular $390.27 for August. This brings the total to a grand sum of $11,962.38. This is not bad for two years work and focus. I’ve really succeeded in making an extra $6000 or approx. $498.50 per month over 24 months.

So at this point, rather than switch to cash accounting. I will be ending these ‘consolidated’ accounts as I split the blog into two major parts. It’s quite difficult to know exactly where to put these reports. Rather than that, I’ll be splitting the reports into two: Online Income and Offline Income. Of course I’ll be keeping a track of the income myself, you’ll need to do a little detective work! Online Income will in future be posted in the Blogging Channel, while Offline Income will be posted in the Finance Channel.

So what did I learn? A number of things actually. I’ll be sharing them as the blog takes on these new directions.

Purchasing Domains: Yahoo! Domains for Small Business

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Dont’ use Yahoo! Domains, or you could find yourself paying nearly $35 bucks a year for the domain once the term is up! I was about to register a domain for this blog, and noticed the text on the frontpage which says: “$9.95/year for your first term (terms available 1-5 years) $34.95/year after.”

yahoo domains

In the agreed number of years for your term, you will only pay the $9.95 for your domain for that year. After the initial term expires, you will be required to fork out nearly $35 for the domain thereafter. This is a deal that just doesn’t make much sense: many hosting companies charge $15, $10 or even less for standard domains, so why would you?

So, I guess I’ll be using GoDaddy or NameCheap for my next domain purchases, it’s a pity Yahoo! Such tactics are very mercantile, and don’t make for good customer feedback! Who do you use for purchasing your domains?

Video: Steve Pavlina on 6 Figure Blogging

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Steve Pavlina kick started my interest in blogging and monetizing my blog. I’d been interested in personal finance for quite some time, but it was with the refounding of my blog in August 2006 (2 years ago) that my interest firmly established.

Steve’s blog, Steve Pavlina, has been quite a success and has generated a huge following as well as a proper financial foundation. In fact, his article entitled How to Make Money From Your Blog has been the post that launched a million blogs, all with the same dream. In fact, I was re-reading it today, when I realized that it’s worth reviewing from time to time to help focus priorities.