Once again it’s time for a Blog Income Report.  If I had to summarize this month in three words they would be “Need More Time!”

This month has definitely been testing my time and energy management skills.  As you’ve seen in my income reports I’ve been taking on some Blog coaching / consulting work which I really enjoy so a large portion of my time has been focused on that, along with the Inspired Blogger Membership Site I’m building.

The great news is that I think I’ve pretty much figured out and finished all the initial time-intensive setup required for the membership site as far as the technical aspects of setting up the site, members-only content, forums etc. so now it’s just a matter of creating all the actual content lessons which is the fun stuff for me.

Besides writing content, I haven’t had too much time to devote to Inspired Money Maker in terms of building traffic to the site, selling ads etc. so that’s something I’m definitely going to have to put more energy behind in August.

RSS Subscribers

My RSS subscriber count this month had a major spike.  As I explained in a post on the 5th of July, this happened because I began broadcasting my RSS Feed to my email subscriber list I have managed by AWeber and when you connect AWeber with Feedburner they talk to each other and Feedburner knows how many people are receiving the RSS Feed via email.  In other words, the Feedburner count you see on my site now includes my email subscribers as well as people who read my RSS feed via a non-email based reader.

When I setup AWeber to email my RSS Feed to my list I had no idea it would do this and was just as surprised to see my counter jump the next day as anyone else.  However, after some digging I found that other Bloggers like Yaro Starak and John Chow have the same thing setup and their Feedburner count also includes their email subscribers.

If you don’t know what AWeber is, they are basically a service which helps you to build, track and connect with an email list of subscribers on your site.  I use them to manage my email list and I highly recommend their services.  I tried a few other email list management software services but AWeber is definitely the best in my opinion.

This is what my RSS Feed graph looks like now:

You can clearly see where AWeber was introduced into the picture.

Keep in mind that if you were to draw a line from the top right hand corner of the graph down to where the graph shows January 2008 that’s probably what the graph would have looked like if I had AWeber setup with Feedburner back in January when they started talking to eachother which is what most other Bloggers did.  If you don’t want your graph looking goofy like this one, get yourself setup with AWeber right away and get it talking to Feedburner from day one.  Then your graph will grow in a more naturally looking curve than what you see above.

Blog Income Report

Ok, now for the actual income report.

My total income earned from Blogging for the month of July 2008 was $2,758.10

As with last month I have a line in this months report for “Blog Coaching / Consulting” which I’m including in the report as it’s income that stemmed from running this Blog.  If you’re purely interested in income the Blog itself generated, look at all the other lines minus the coaching/consulting line.

Here’s a breakdown of how all the numbers tallied up:

• Direct Ad Sales: $180.00
• Affiliate Commissions: $423.85
• Blog Coaching / Consulting: $2,100.00
• AdSense: $10.08
• Text Link Ads: $23.77
• Kontera: $0.40
• eBook Sales: $0.00
• ReviewMe: $20.00

My income in July ($2,758.10) grew by 80% compared to June ($1,528.46).  Although I’m definitely extremely happy with the growth of my income, I do want to start focusing more of my attention in the coming months to growing my traffic and diversifying my income streams and especially growing my Direct Ad Sales revenues.

I haven’t done any major advertising for this site yet, but I do intend to set aside a budget for that in the coming months.  I’m also eagerly awaiting the Traffic Secrets 2.0 course from John Reese which is on it’s way to me as we speak.  I’m hoping to get some good wisdom from John on how to grow my traffic even further.

A couple of quick highlights from July – If you haven’t already entered, don’t forget about the Market Leverage sponsored contest which runs until August 14th and if you haven’t heard,  Blog Mastermind re-opened it’s doors just a few days ago, and I’m offering an Incredible Bonus for that as well.

If you’re a more visual person, here’s a graph of my income from Blogging for the last 10 months starting from October 2007 when I launched InspiredMoneyMaker.com.  If you’re just starting out it might help to inspire you, especially if you see just how little I made in the first 6 months, and how quickly it’s grown since then.

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