Income Report – June, 2020
Another month and another fun Income Report. These reports show you an example of a real person earning money online and what it looks like.
What Happened In June, 2020
- We added some great backlinks to Wallet Squirrel. Most notably from RentCafe’s 10 Most Popular Finance Blogs You’ll Want To Follow Right Now and the Detailed Top 50 Finance Blogs!
- Adam is getting settled in his new house and Andrew just moved to a new apartment. We’re both really happy with the new digs. Plus I (Andrew) helped Adam move so Adam helped me move into my new place!
- We coordinated some additional guest posts on Wallet Squirrel. Let us know if you find them helpful. If not, also let us know so we can help gauge future guest posts.
- We updated our Ways To Make Money Page. It looks so good and becoming one of our most popular pages!
- We wrote some fun articles:
- Google AdSense Review – How Much Are Bloggers Making With Website Ads – We share what we make with Google AdSense and some other options to get more ad revenue.
- How This Machine Operator Earns Extra Money Streaming on Twitch – Adam interviewed a friend who earns extra money playing video games. It’s a cool post just to understand how it all works.
How Much Did We Make In June, 2020
It’s so cool to see our revenue increase. Most of this is due to some sponsorship opportunities we’ve found. By found, I mean these companies reached out to us through our Contact Page. We reject many of these, but a few are a great match.
It’s great when companies reach out to us, but honestly, we need to be better about reaching out to brands we love for sponsorship opportunities. It’s scary emailing a large company to say “please give us money in exchange for links back to your website”.
It sounds silly and a bit sleazy hence why we’ve been putting it off. Maybe this month we’ll get some courage and type up something a bit more convincing for some potential sponsors.
Here’s what our Income Report looks like with the little boost from our latest sponsors.
If you’re curious about any of income streams, here is where we’ve written about them before:
- Google AdSense – make money when people see or click on website banner ads
- Affiliate Marketing – earn a commission if someone buys a product through a link on your website
- Stock Photography – We make money whenever one of our photos sells online.
- Sponsored Link – Companies pay us to link back to their site. If it makes sense, we add it.
- Interest Checking/Saving Account – Making extra money from the money already in my bank account.
- Cash Back Credit Card – I use my credit card all the time (responsibly) and make an average $25 back a month!
- Seeking Alpha – I wrote a couple of articles for Seeking Alpha two years ago and continue to make money for each page view
- Lending Club – A Peer-To-Peer Lending Company. I invested in loans and make interest back monthly.
- Dividends – All the money we make on Wallet Squirrel, I invest in dividend stocks. These continue to residual income every month and at some point will fund my retirement if I keep building this up!
Where our money goes
It super great to earn money, but there are expenses to manage WalletSquirrel.com. Here are what those look like. It doesn’t take a lot to run a blog.
Monthly Expenses – $67 Total = Bluehost [$36], Sitelock [$8], Domain [$2], Bloom [$7], Tailwind [$14]
Any additional income goes toward investing in those dividend stocks. It’s like the circle of life, but in reality the circle of investing. We make money through these money experiments and that money goes directly to our investment funds to make more money with dividends!
What’s Next In July
July will be fun with some new articles, more outreach to build backlinks, and further development of our Ways To Make Money page.
I really want to make the most comprehensive Ways To Make Money list on the internet. Where people won’t need to visit 90 different websites that simply say “Drive for Uber”. I want ONE single webpage that lists every way you’ve ever heard of and more, plus how each works. We’ll link to our articles, plus 3rd party articles if they’re awesome. I want to make it a great resource because that’s what the internet should be.
Do you have a favorite way to earn extra money we can add?
Wallet Squirrel is a personal finance blog by best friends Andrew & Adam on how money works, building side-hustles, and the benefits of cleverly investing the profits. Featured on MSN Money, AOL Finance, and more!
Looks like it was a fun month for the two of you (as always). Excellent pickup of the backlink for RentCafe. Did you reach out to have them add you?? I saw you are the 11th blog in there article. They really should make it an even 12 🙂
Bert
They were so nice! I simply asked them and shared some cool things about our blog.
We’re trying to catch up with how cool you guys are! =P
-Andrew