It has been a few months since my last update. Life has been exceedingly busy and I have just not been able to find the time to update this blog. However, I really have been encouraged, excited, motivated to share my results through eHow. If you remember, back in March 2010, I joined eHow. I had extremely high hopes for building a credible stream of passive online income. I realized that once again, my daydreaming got in my way, and I quickly learned the reality was not as beautiful and easy as i had once hoped. That was month 1. I wrote 29 articles and earned $5.01 from ad revenue. Those 29 articles took me an average of 30 minutes a piece, so 14.5 hours of writing time equates to $0.35/hour. Not exactly the barn burner I was hoping for. I was not discouraged and had high hopes for Month 2.
Articles written = 31. Ad revenue earned = $4.97. Hourly wage = $0.32/hour. Stellar. Blackpedaling.
May brought on a strange series of events, where eHow completely changed their guidelines and users were no longer able to submit articles the usual method. There was a completely new service which involved submitting your article to an editor. I tried two articles, both were rejected and I gave up. Articles written = 0. Money earned = $3.82. Hourly wage = $0.19/hour (Even though I did not get any articles published, I spent 20 hours writing and editing the two articles that were eventually rejected…). Massive fail.
Completely demoralized. I just spent the last 3 months pinning my future passive income earnings on a big, fat, flop. However, by month’s end a strange thing happened. I earned $5.22. A record month. I did not write a single article, or really think about Ehow that much, except to lament my plight. So I earned $5.22 for doing nothing. Not bad. Nothing to get excited about. But, not bad.
Still doing nothing on eHow. Earnings = $10.34. Not bad. Doubled my money from last month. Still doing nothing.
Total earnings = $26.41. Hold the phone. You mean to tell me that for not doing a single thing or even spending brain power THINKING about Ehow, my articles have continued to gain ad revenue, and they want to send me a check for $26? I’ll take it.
Total earnings = 27.58. Sitting pretty. But I keep telling myself not to get excited. This latest amount was from September 2010, and I have continued to be disinterested with eHow and frustrated over the loss of my passive income stream. Suddenly I realize, that *gasp* I have created a passive income stream. From the misery of my loss, a passive income stream has risen. Granted, still not enough money to be a game changer, but who would not want $27 extra per month. The best thing, every month is gradually getting better.
October 2010. I eagerly check my Paypal account and *BOOM* , total earnings = $39.36. I am speechless. That is real money. They just paid me almost $40 to do nothing. I will take and run….to the bank.
With the current earnings from November I have earned $138.45. Total hours invested 50. Hourly wage = $2.77. Still nothing to brag about, but the great thing is that since I am not putting any additional work into this income stream, that hourly figure will only rise. Who knows what it will be in a year from now? Maybe 2? 3?
The moral of this story is that there is an actual way to make money from home in a passive income model. Even though I was only able to write 61 total articles, my earnings have continued to increase each month and I look forward to increased earnings in the future. You can absolutely replicate this same success with a little hard work. Your dream of a home based business is not a dream at all. In fact, your home based business is simply waiting on you to take the plunge and open up shop!