Every month I list my online earnings from the past month to give you some insight into at least a few ways money can be made on line. Whether you are trying to earn extra money as a side-hustle, or totally break free from the job paradigm and own your time, there are a lot of options for income generation and most of them are possible for anybody. All of the work I did could have been done in addition to working a full time job. I currently choose to live off less and enjoy the freedom, but you don’t have to be willing to live off of $1500 or $2500 a month for all of these techniques to be worthwhile. In fact, many of my more lucrative projects are the ones that involve the least ongoing time investment.
Keep in mind that some income sources might not directly involve the internet, but as they still further the cause of freedom I will include them.
Also keep in mind that I do my record keeping on a cash accounting method, so I only count the expenses and income for the month where they actually hit the account, not when the sale or purchase may have taken place. So for instance, the Youtube revenue was actually earned the month before, but was deposited this month.
It is important to remember that I while I choose to do all this as my sole source of income right now so I don’t have to work a normal job, I could have done all this and made the same amount of money while working 40 hours a week at another endeavor if I just wanted to make a bunch of extra money.
Here are my results from May 2016 with some brief explanations:
May 2016 Total: $2,035.04
Online Sales: $150.42
This includes eBay sales, Amazon sales, and Bookscouter, etc. Was out of town near the end of the month so I put my eBay account on vacation, which is one reason why I didn’t have high revenue this month from online sales.
Affiliate Sales: $204.47
These are all sales I make for which I receive a percentage of the sale. This category is always one of my favorites to report as it is probably the one I spend the least amount of effort on, and yet it is a consistent source of income, even if small. This amount was was from Happy Hippo and Amazon affiliate sales,.
Local Sales: $65
This category is for sales where I met the buyer locally and did not ship the item. I sold some random items I got from a free curbside pickup, as well as an old mannequin I had.
The majority of this income was from my two main Youtube channels, with less than $10 coming from Google ads on my websites.
The site was down for a few weeks due to some tech issues, so that affected the revenue. It is still being worked on but should be back up to 100% soon.
Credit Card Rewards: $183.00
This is cash back earned from my top 3 or 4 rewards credit cards that I use for my everyday purchases, as well as a $150 sign-up bonus from another card.
This is a combination of rent, utilities, and internet payment from my girlfriend. Having a roommate that allows you to split housing costs is a great way to more easily and quickly reach a point of independence from the job paradigm.
While not strictly internet income, I include this because it also just gives a more clear picture of my income and what I am working with.
Other Earnings: $189.74
This was an insurance payout for my phone that was broken in a car accident.