August Blogging Income For This Project

Earlier in the month I mentioned a new format for reporting my penny project income. Instead of grouping by investment amount I am going to report by source like I see many other bloggers doing.

Current Assets Non-Cash: Assets include 4 Domain Names 3 of them currently hosted with content. 2 blogs hosted on free service providers (blogger & wordpress). I did some cleanup and removed the blogs that were not getting much traffic.

This month I will be adding at least 1 more blog as part of the 10 Minutes A Day project.

Cash Balance: Cash Balance to date of $ 352.74 recorded as follows. August 1st cash balance was $ 137.40 corrected to include a hosting fee I forgot to subtract. Income was $ 215.34 as outlined below with expenses of $ 34.76 including some advertising that I purchased. That dose not include an ebay auction listing as I have filed a non-payment dispute with Ebay. If the winning bidder pays before the deadline I will record the income and listing expense next month.

PayPerPost $151.81
Text-Link-Ads $18.75
AdSense $19.78
Affiliate Income $25 (TLA)

At the current rate it looks like I will make my goal of $1,000 by Thanksgiving. Things are improving each month and my network of sites is growing. I have some big plans for September and October.

The 10 Minutes A Day project starts Monday. Don't bother doing a Google search for it, this is my idea, not a big competition like the 30 day challenge.

Michael