Well, I am surprised.
For many companies and individuals worldwide, 2009 was a difficult year. I am surprised that even now my online income has only decreased a little in 2009 vs. 2008. Most of the income came as the result of advertising to my small network of blogs, some from my broker, a little from personal interest.
The grand total for adding up my extra income (not salary) was in fact, $5,386.51. Like always, this is the gross figure, not including expenses, and taxes. My only disappointment is that at this time, I am just not in a position to earn enough on a monthly basis to justify setting up a company or paying myself a decent salary.
I’m slowly getting to my target of $1500 per month, but without additional income streams, it’s difficult to get the most out of my existing streams.
Plans for 2010.
So, in 2010, I’m building a couple of new sites with SBI, to enhance my income stream. It’s my first real experiment with affiliate marketing despite dipping my toes twice this year already with EeeBlogger and TESOLTeachers, neither of which did much business other than pay for their own domains.
I’ve done some rough figures and for my first SBI site, I think it should be able to pay for itself in about 12-18 months because I’m going into a more saturated market, even though my keywords have less competition. One of the reasons, I suspect, is that the payouts are a little less, so profits are likely to be less.
However, if I can even reach levels seen on this site or my other main site, that’d be a blessing! Why? I love creating content, but creating static quality content is a whole new field for me. I think, for the time being, I will ease up on the regular blogging to concentrate on creating real niche sites. 2010 should be really interesting!