(* Updated Report-- 3 May 2012-- Due to losing my Google AdSense account-- described here and here-- I've amended this report to indicate my lost Google AdSense earnings. I'll keep the original text up, in some cases with strike-through, and make the adjustments as necessary.)
It has been less than a month since we started the Live the New Economy project, and I'm happy able to report our first month's results:
The bulk of our income is still very clearly "active" income, or income earned from my job, but as you can see, we managed to generate our first ever, web-based "passive income," primarily as a result of monetization of our four websites and two YouTube videos with Google AdSense the small amount of income we earned as an Amazon affiliate and from Media.Net contextual advertisements.
Despite my efforts with product placement of various products (that we actually like, enjoy, and use ourselves) that can be purchased via Amazon.com, our successes there have been marginal at best.
Media.Net is another advertising service, and our results with them have also been marginal, though I have only placed a few of their ads on this site, in less than ideal locations, and very late in the month.
All in all, not a bad this is a start. I hope to keep the momentum going into May, though posting may be slowed by the fact that we're getting ready to move to a new house, I'm a little bit under the weather right now, and the pace at work has increased. Be sure to check out our Goals Page, where I'll keep a running tally of goals that we've achieved.
Also, if you want to try your hand at any of this, I will keep our Tools Page updated, which highlights actual tools that we're using in the Live the New Economy experiment!
Thanks for your support! Please leave a comment or question or highlight this post on your favorite social network. Some highlights from this last month: