We’re already in april… wow! Time flies. March has been an interesting month for me and I’m glad to share the results with you.
First, I’m getting used to my new job. This is great because I wasn’t fully myself and was sleeping and spending damn too much! I had difficulty finding energy for writing and difficulty finding money to save. I now think that this time is gone. I still have a lot to learn but it’s slowly becoming a routine.
Let’s see how much I made in march!Dividend income strategy
I haven’t bought any dividend growth stocks in march and trust me, I miss it. I have put a couple hundreds in my brokerage account but the balance is still too low to make a new purchase worth it.
I didn’t do my tax yet and didn’t receive my bonus yet but I expect to get a lot of fresh money to invest pretty soon. It’s about time! Clearly, I won’t reach my goal of increasing my dividend income by 1000$ this year. It’s bad… But I’ll do what I can to be as close as I can to it.
The US/CAN exchange rate is still very high and buying stocks in US money right now doesn’t seem to make a lot of sense to me. I guess I’ll focus on Canadian stocks for a while. There are plenty that interest me anyways like TD bank, Royal Bank, Fortis, Jean-Coutu, CN etc…
Here’s what I’ve received in dividend income for march :
Online income strategy
As you might know, my goal is to make passive income from both my investments in dividend growth stocks and online ventures. Making money online is new for me. Actually making money all by myself without the external help of someone or without a job is something new for me.
I’m learning the hard way. I made countless mistakes and still do, but it’s starting to pay off. It’s gaining momentum slowly… very slowly indeed… but surely.
March has been a great month for me and a month during which I took many decisions.
After testing the water for about a year and a half, I’ve realised that it won’t be easy to make money online. I tried to diversify myself into too many ventures and I’ve been all over the place, spending too much time, time that I don’t have so I had to cut on sleep time, on stuff that doesn’t work for me. So, I’ve decided to take the time to think and to see what works for me to only focus on that for a while until I become a master.
I’m a very bad salesperson and while I can speak and write in english, I make a lot of mistakes. Being an affiliate, promoting products in english, is not something I like to do. I’m bad and my return on invested time is very very very poor. Plus, I might create tax complications and I don’t want to deal with that at all. So, I’ve decided that for now, I would shut down all my affiliate accounts and focus on what works for me.
I love reading about new stuff. I love to learn about how to make this or that, about how to resolve problems or about how to make homemade stuff and I love to share my new knowledge with people around me. In brief, I like creating informative content that will be useful for the years to come to a bunch of people.
So, that’s what I’m going to focus on from now… creating useful and informative content to help others. I might also find a better balance between writing in french and writing in english. French is a niche in itself and it might be more difficult to make money in french but I found it easier to rank for keywords. Less direct competition!
Long tail keywords research definitely works. I should have started doing that on day 1. I still don’t do it always properly but I’ve been able to see results from different tactics I have used.
I haven’t bought a keyword tool yet and do all my keywords research by hand but I might invest in a tool pretty soon. It’s called Long tail pro and I really enjoyed their free trial offer. It can save me much much time and I think it is worth the 100$ Spencer Haws asks for it. I won’t get any affiliate commission by the way if you decide to test or buy his tool… and I don’t know Spencer personally but I happen to enjoy his blog and tools. I’ve learned a lot from him, he’s a seasoned niche site creator and lives fully from his diversified online ventures (niche sites, ebooks, softwares and so on…).
To monetize my websites, for now, I’ll focus on ads. Thanks to the tips of Thomas from INeedMoneyAsap.com, I’ve been able to realize that it was definitely possible to improve my ads income with simple tweaks.
In fact, I’m very happy to announce that I’ve almost doubled my ads income during the month of march alone to reach 50,71$ and this without increasing my traffic. In fact I had less traffic in march than in any other recent months! Yeah! 🙂
Fifty bucks is still not a lot but it’s gaining momentum and that’s what I like to see. I still have websites who have decent traffic on which I can work on to double my ads income again.
While it will be my last check, I’ve also made 37$ from Cbank. I will now cancel my account but still… I’ll take it into account here.
Total : 87,71$
So the grand total for march is 265,41$!!!!
265,41$ Canadian (before taxes and expenses). Hey it’s money and it’s growing! Making money online for a french Canadian might be tough but it’s feasible! I’m doing it. This thing works and it’s compounding. I’m pretty confident that several years from now I’ll post monthly income results in thousands of dollars. Remember that last year, I was making 2 or 3$ per month!
After realizing that with a good keyword research it could be possible to improve traffic, I’ve decided to try my hand at something different but highly related. A keyword will rank better on a site with high authority and number of quality backlinks. It’s a fact.
Building a succesful blog takes time… a lot of time. And, after spending a lot of time blogging, most bloggers eventually stop blogging. They have built great content, they have reached out in the community and built tons of links… only to let their site die…
Companies have built fortunes over this, selling their .com when they expired without even letting them know and everyday, there are tons of websites changing hands with a profit. Just take a look at Godaddy auctions and see by yourself.
And, for someone like me who loves blogging for fun and who’d also love to make decent money from it, I thought that building on someone else abandoned work would be an interesting idea to explore.
Websites are the real estate of the 21st century. It took me time to understand it and most people still don’t but there is money to be made there for sure. A great .com with a lot of backlinks and ranking for highly profitable keywords can sell for millions or even billions… think about Google and Facebook. Many sells for several hundred of thousands or thousands and most sell for less.
You could register a .com tomorrow for 10$ but it wouldn’t be worth a penny because you wouldn’t have any traffic. Or you could buy an expired domain who’s already ranking and who has a lot of backlinks and traffic for 150$ and make money on day 1… It’s up to you.
I’ve built my sites the hard way without using any black hat techniques or link building techniques and trust me, that’s a lot of work. But that’s how it should be done.
But, in this world, good guys always seem to finish second. Cheaters are wining the game. I am no cheater and won’t be. But I understood that in order to make money online, one needs to take advantage of opportunities.
I have been able to leverage some of my domains and I’ve failed with others but in the end, I still make pennies even though I have invested money and time to learn and to create content.
It is often frustrating to see that a 5 pages crappy website is ranking number 1 in Google for the same keyword I target while a great post of mine on which I spent countless hours gets stuck on page 20. How can this happen? Simply because cheaters cheat. They build spammy links to boost their website ranking. They create themselves private blog networks or PBN of high authority sites and link to their crappy sites. They are filling the net with junk to make money. And they make tons…
I now know how it can be done. I even know how to do it. But I won’t. What I might do though, is to invest some money into buying expired domains or existing blogs to continue to build on their success. There is risk involved. I could buy an expired domain and lose all the backlinks but I’m confident that I can build interesting new content, especially in french.
I’ve actually made a jump last week and bought one to test the water. I was impressed with the instant success. I only bought the domain, not the content. I could go on web archive and retrieve the content to republish it like many do but I won’t. It’s an empty website and my GF and I have written 3 posts on it last week. It’s already getting 100 visitors a day and it has made 7,87$ in a couple of days.
99,9% of the traffic comes from existing links and the domain has costed me something like 175$ Canadian to buy. I’ll do my best to build on that and get search engine traffic pretty soon. It’s a PR 3 website with a page authority of 39 and 165 domains are linking to it over 4000 times. It’s not a great website but it’s a good website. I think I’ve paid way too much for it but it’s part of the learning curve. Finding a free spam free PR3 .com could certainly be possible but after spending more than 20 hours scrapping the web with tools such as link Sleuth and other online tools, I don’t think it’s worth it. I’d need an automatic tool to do that.
So, that’s about it for today. How was your month?