As many new site authors are aware, trying to monetize your website can be a very difficult process and requires a considerable amount of work to find the right balance. This series of posts is my attempt to shed light on the process that I am taking to see what does and does not work in my attempt to monetize my sites.
Back in March, I broke through with my first month of triple-digit earnings from blogging. Unfortunately, April was not quite as impressive as my earnings dropped a few dollars below the century mark.
With a firm belief that you cannot achieve success without defining goals in black and white, I had set a goal for the month of April to earn $125 and bumped that up to $150 for the month of May. While I have to report that I have yet to actually achieve my earnings goal, I am not afraid of failure and continue to get closer and closer to my goal.
More Monetization Options
In an effort to continue experimenting with alternative sources of income, I have been running a trial on this website with AuctionAds. The motivation here was that they were offering $5 just for signing up with the service, although you need to reach $10 to receive your first payment.
Last month you may recall that I had added LinkWorth to my *income toolbox* and also closed a private advertising deal at the end of the month. However, I have seen that my best performer is still Text-Link-Ads, which is now available on this site as well so be sure to sign up while the prices are affordable! 😉
Dollars and Cents
As I mentioned earlier, I had defined a goal of $150 for the month of May and came just short of reaching the goal this month. However, even though I may not have satisfied the goal I did have my highest earning month ever and only missed the goal by a few dollars.
This represents a 54% increase in my earnings from the month of April and I feel that is outstanding progress. There is obviously still a lot for me to learn and I am continuing to try new approaches to see what will work the best for me.
Following my motivation of setting a goal for my earnings, I came so close to my goal of $150 that I am going to set the bar at $175 for the month of June. In order to try and reach that goal, I have a few things in mind to try and tweak my existing sources of income.
Keep your eye out for changes around here and over at my personal finance site in the coming month. If you want to participate in my attempt to reach my goal, feel free to purchase a Text-Link-Ad for $15 per month! 😈