Needless to say, there have been a lot of changes in the online income game over the past few months. The rules of the game have changed. It is survival of the fittest. It is time to adapt or die. I refuse to be a buggy whip manufacturer but will stay as nimble as possible and continue to do what I can to continue this hobby of mine and maybe even make enough on the side to pay for my other hobby, golf.
eHow Cancels WCP
Several of you may have heard that eHow will be shutting down its Writer's Compensation Program. The choices are to accept a buyout offer for the rights to my articles or watch them get deleted. Now I could claim them for myself and publish on another site, but I really don't have any place to put them. So, I plan to accept the buyout offer. It works out to about 6 months of revenue so I can't complain too much. I have earned my fair share for the amount of effort that I put into those articles.
HubPages and the Ad Program
My HubPages traffic continues to dwindle. It seems yet to find a base. I signed up for the HubPages Ad Program figuring that I might be able to some revenue from the limited number of views that I get daily. I am not sure how well this is working. It is really hard to say since my AdSense revenue is now nonexistent. No revenue at all for the month of May is unsettling to say the least. It is reminding me of the first few weeks of writing on the internet although at this pace, I will have earned more then.
Is the HubPages Ad Program having a negative effect on my AdSense? It is hard to tell what I might make with the massive traffic decline. The Ad Program does replace several of the AdSense blocks. I will say that the eCPM for the Ad Program is similar to what I was able to get with AdSense so maybe the impact is negligible.
Since my 2 main sources of online revenue have been destroyed, it is time to start over again. I have learned quite a bit these past 2 years and plan on using that newly acquired knowledge to make a real go at earning online income. I plan on taking this hobby thing to the next level and officially making it a part time venture with the goal of creating online assets that will supplement my golfing fund in retirement.
I can think of no better way of spending my time than getting up early and heading to the golf course while letting my wife sleep late. Then I can come home, blog and work on sites for a few hours after lunch, then have the evening free. Sounds like a great life to me. Unfortunately, it is probably about 15 years down the road. But that gives me plenty of time to develop a few sites, right!
I plan on using the eHow buyout to fund a hosting account and domain. I figure that would give me about a year to get the site supporting its own hosting costs. If I can't get it making $7 per month in a year, then I will have to re-evaluate my abilities. I might have to retire as a starter at a golf course instead.
I should also be able to reach the $50 HubPages payout in another couple months. I am about halfway there now. Once I get to that point, I will try a little experiment and discontinue the program to see what the AdSense impact truly is. That $50 can also pay for some of my hosting expenses and maybe even another domain or two should I come up with a couple good ideas.
Well, that is the approach that I plan to take for the rest of this year.
Readers, what are your thoughts about my plan? How have you altered your online strategies with all of the recent changes? Are you defeated or adapting? I would love to hear from you.
I am just a neophyte learning to make money online. I am excited about the opportunities and hope to share what I am learning.
I am also interested in real assets such as gold and real estate. I have a blog on these topics as well. Be sure to stop by and check out both my blogs.