Passive Income

As part of my increased efforts to diversify my passive income streams, I have begun creating small, 5 to 10 page, sniper sites.While these sites will never been considered authority sites, it is my hope that they become a useful part on my online empire.

After the completion of Sniper Site #1, I quickly began thinking about completing another site. The competition in this niche is a bit tougher so my expectations are not as high as they should be. Never-the-less, I began working on it yesterday afternoon around 3pm and completed it around 9pm.

It was never my intention to spend six hours creating a site that may or may not make any money for me, but I guess that is part of the learning curve. Hopefully my next site will only take half as long to complete.

Tonight marks the end of the first week of this passive income challenge. Since I have only created 2 small sniper sites, 1 HubPage and a couple articles of Infobarrel there is not much to report. My adsense earnings from all sources is just plain pathetic. Hopefully, this will pick up over the next few months. I am still loving Infobarrel, although I am getting crushed in this month’s contest (too little time, too many projects to complete).

My eHow earnings are well below normal. Perhaps this can be contributed to my little eHow experiment. I have not made this experiment public until now because I did not want to influence my results in any way. Basically, for the month of June, I have decided to NOT participate on ehow at all. No commenting, no rating and absolutely no article creation.

I am trying to determine whether or not this will impact my earnings. My goal is to create passive income, not income that requires active participation. My buddy Norm, over at The Cheap Bastid, is doing the exact opposite. In his Great eHow Experiment, Norm is commenting on articles, rating various articles and participating in the ehow forums. Like me, he is not adding any additional articles in June. From the preliminary results, it looks like Norm is getting the better end of the experiment. I will let you guys know how it goes once the month is over.

I have actually made a few sales on Amazon. You may remember that a few months back I had some really decent sales, but this has really dried up lately. It appears to me that if you create articles targeting specific products you are more likely to pull in a few referral sales. Again, Norm is the king at this (I just wish he would start posting again – the dude is brilliant).

Tomorrow begins the creation of Sniper Site #3. As I have already purchased the domain name, added a new Wordpress theme and related PlugIns, creation should not take quite as long. One interesting thing is that this site is already ranked on the first page of Google and I have not added a thing. Basically, when you click on the link it has the default Wordpress settings and everything.This could truly be a powerful method of generating some additional income online.

Sales – June 17 – 20: $0.00
Yahoo Ads – $0.05

How is your online empire going? What did you do today to help you reach your goals?

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