I’ve started thinking about my passive income goals for 2011 and have been doing some research into what things are bringing in the most money for me. I haven’t done much with any writing for content sites since about June so I really wasn’t aware of what my numbers really looked like. Well, I decided to check them over and what I found was actually pretty surprising to me.
What I did with my numbers is I added up all the revenue I had made from each site and then divided that by approximately how many hours I worked to get that money. For example, an average article at eHow took about 30 minutes to write and upload. I haven’t done any back linking or any promotions on most of these articles (maybe a tweet on a few articles) so my total average time for an eHow article is 30 minutes. For articles on Suite 101 it is a little higher, usually about 45 minutes, with some of them being a little shorter. So here is what I found:
- eHow.com – $16.50/hr
- Ste 101 – $13.85/hr
- Associated Content performance payments only – $6/hr (with upfront payments it is $31.80/hr)
Remember that I haven’t really touched these sites since June. I would say that this is some pretty nice passive income and there is definitely money to be made through these passive income opportunities.
Both eHow and Suite 101 have higher hourly pay than what I was making when I quit my administrative job 3 years ago. (I was making about $13.65 an hour). The awesome thing about this is that these numbers are only going to go up. So, in two months, the average hourly rate for Suite 101 may be $14 instead of the current $13.85. I would also say that ¾ of the articles on Suite 101 are from June so these numbers will definitely be very competitive by next year this time.
My Passive Income Plan
I decided that I should include these sites into my plan for earning passive income in 2011. Now, I am not going to focus on them too much as I have way too many plans for websites to do that but I figure I can show them some love in the New Year.
My plan is to submit at least 1 article to Suite 101 every week as well as publish 1 Hubpage every week. Now, you may notice that Hubpages is not even on my income list but since you can no longer submit articles to Ehow (Darn it!) except through Demand Media (which I don’t feel like dealing with) I am going to be pursuing Hubpages instead. There are many people at Keyword Academy who swear by Hubpages and make a decent income from their hubs.
So, this means that I have to write 2 extra articles a week for these sites. I attempted to do some math on what I could possibly be earning by 2012 by adding these articles and my math is probably off but 50 more Suite 101 articles adds up to about another $850 a year plus the ones that are still maturing and making money right now. I haven’t experimented with Hubpages yet so I can’t really say what these will earn but I’m expecting them to do the same or even more. This equals to around an extra $2000 a year in passive income through these sites (and if I can pick some awesome keywords and get ranked for them hopefully more like $3000 or more).
My goal is to have 50 more Suite 101 articles as well as 50 Hubs published by 12/31/2011. I will be taking some time off when I have the baby next year so that is why I am making it 50, figuring there may be a few weeks were I may have to write 2 articles for each site.
So, this is my first passive income goal that I have set up for 2011 so far. I’m slowly making a list of what I need to accomplish next year and most of it is dealing with work rather than actual monetary goals.
Have you started thinking about your income goals for 2011?