Is this what they call passive income?

Over the past few months I’ve really not done that much to my niche sites. I’ve created a couple of new ones, added some basic content, but that has really been it. I’ve not created any links etc and just left things to run as organically as they can. Coupled with the fact I’ve moved house and don’t have internet yet (I’m typing this in my lunch break at work) has meant that any money coming in is what I would probably call passive income. I did the hard work months ago and now I’m just sitting back and getting revenue each month. Nice work if you can get it, but obviously not enough for me to retire on.

How am I doing?

June was my best income month on record with my Amazon affiliate site improving to earn me £175.46 and my AdSense earnt me £450 to take me beyond my previous best I set in April.

I’m loving affiliate sites at the moment as I can see the potential in them for being able to create a site I can be proud of. Yes, I’m selling products, but I can only do that by creating a site that can attract visitors, can get them to trust me, and then sell them the idea of buying something. This allows me to write informative posts, share great content, and be happy to promote it. With AdSense I’m creating sites that rank well but where I want people to want to leave straight away through an AdSense advert. AdSense is still my biggest earner though so I’m not giving it up yet until the money starts drying up.

Authority Site

I’m made no inroads into this yet as I’ve not had the time to get started and also think that I need to think a lot harder before committing to this as I don’t want to jump into something that I’m not going to get anything out of. I thought I had a big idea but a while down the line and I don’t think I do. Back to the drawing board.

Paying Tax

It’s worth noting that this income hasn’t been taxed yet, so it’s not just free money (yet). I’m putting a third of my money in a separate bank account and at the end of the year I will have to pay tax on the profit I’ve made (I work full-time and niche sites are my bit on the side). I’ll be honest and say I’ve not done a massive amount of research into this as will try and seek out some help from fellow internet marketers, but by putting this aside I hopefully won’t get a big surprise for money I owe to the taxman. If you’ve got any useful info or tips on tax then please leave a comment.

Speak soon

That’s it for this mini update. Done.