amusing rant about domain values by Sara shortly after I had reviewed the worth of this blog which just happened to show up in some search results. I also found it rather humorous that this blog was valued at $2637, had 1,238 estimated visitors per day and made about $4 daily. Shoot, if a day is internet code for about 6 weeks, we might be on to something.
But then I started thinking about it a little bit and decided to do my own valuation. And I came up with right at $36,000! How on earth did I get that number? Did I pull it out of my hat? First of all, let me say that it is not the value of this blog by itself. It is the value of all of my internet articles--everything that you have been reading about right here. It includes all of my Hubs, eHow articles, and everything else all combined.
Of course you are still wondering what I mean so allow me to explain:
The same day that I ran across Sara's post I received a notification in my email that a $100 dividend had been paid on 2000 shares of Valero Energy (VLO) that I own. This dividend is paid quarterly and represents about a 1.1% yield which is comparable to the rates on a 1-yr certificate of deposit. In other words, it is passive income!
Compare that to my current online income for all of the work that I have done over the past year. All of the articles at the various sites are currently yielding about $100 every three months between AdSense and eHow payments into my Paypal account.
Since VLO is trading right around $18 per share (closed at $17.99 today), it would take me $36,000 to generate the same amount of passive income via dividends or even a CD deposit that I am making with all of my blogging and writing. So as you can see, I have valued my online activities at $36,000. Assuming that I have worked 360 days over the past year, I have created $100 in value for each and every day of the year.
It is encouraging and makes me feel good to know that I have created that much value. At $10 per hour, that is the equivalent of working for 10 hours each day and shoveling all of that money directly into savings. Everything that I do over the next year will only serve to increase my passive income and enhance the value creation. Boy, it makes me want to get cracking to create $100 in value today.
On a side note, I was able to complete my Highlight Video of the 2010 Indy 500. This video is shot from our seats. We are located on the front row of the stands across from the first few pits so we always get to see some good pit action where the outcome of the race can be decided. I am hoping to get 500 views over the next year and add to my YouTube earnings.
Anyway, have fun creating some valuations for your online enterprise and let me know what you come up with. Are you an online millionaire in terms of passive income? You never know.
2 weeks ago