Monthly Archives: July 2013

Paid Surveys Earnings (July 13)

Some times back, I’ve ventured into Paid Surveys, looking to start another source of income online. Frankly speaking, I’ve not much experience in this, but eager to test it out. With the results, I’ll be able to share with my readers my progress with the paid survey sites.

I’ve started doing Paid Surveys around May 13, to prove that Paid Surveys in Singapore works! During that time, I have no confident in this project. But hack cares, I’ve got nothing to lose. Even if it doesn’t work out as plan, I’ll just share my updates and call it a day.

My Progress After 2 Months

It’s not really very long, and frankly, I’ve not done much surveys. Within these 2 months, I’ve been quite slack in this project as I’m more focused on my ebook projects. I need to put more attention to this 🙂

I’ll break down several Paid Survey Site and talk about it.

CashCrate

CashCrate

This is my first paid survey site. After I’ve joined, I’ll be able to do some surveys and earn immediately. Right now after 2 months, I’ve managed to earn $9.30. It’s considered small amount, but nevertheless, I’ve not spend much effort on it. You can try CashCrate to have a head starts.

GlobalTestMarket

GlobalTestMarketAnother reliable source of income. GlobalTestMarket has made me the most money so far. As you can see from the picture above, I’ve accumulated over 2,300 points. Every 1,000 points enable me to exchange for USD$50 cash. I’m earning more than USD$100 till now. Sweet!

iPoll

IpollNot as much earning as GlobalTestMarket, but they all add up. Every single paid survey site is important. The trick is to register for a few and whack their surveys whenever available. Till now, I’ve made USD$17.16 from iPoll.

Toluna

TolunaToluna is a local Singapore paid survey site. Most of the surveys are for local companies such as Singtel, Starhub, SIA, etc … It’s based on points system, similar to GlobalTestMarket. From the picture above, I’ve made over 24,000 points. Wow! Unfortunately, every 20,000 points entitles to only $10. So I’ve made $10 from Toluna. Better than nothing 🙂

There are other sites I’m still reviewing. At least, I know these 4 sites enables me to earn real cash. Some sites can earn more, while the rest are small. Nevertheless, the trick is to do whatever we have. It all add up.

Future Plan

I’m going to be serious in this stream of income, at least I must be more consistent. On top of that, I’ll try to find more survey sites to test. If there are better ones, I’ll just put at my blog for my readers to try too.

So what about you? Have you try any paid surveys yet? Care to share your site with us?

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Clickbank and Affiliate Marketing Checks (July 13)

Recently, I’m more pumped up into affiliate marketing. I’m more focus and fully make good use of my available time to do something useful, such as creating a new stream of eBooks income, as well as testing out my new Paid Surveys income.  Maybe it’s because of my coming soon precious daughter who will arrive on Earth somewhere in Sept. Me and my wife are so excited now 🙂

Anyway, my main focus is still on Clickbank. Many forums are saying Clickbank is dead. No one will buy any more ebooks, or digital products from them. It’s way past the prime. However to me, my websites are still making passive income from Clickbank, month after month, without doing any job.

The point I want to share across is – don’t listen to the negative. It’s about you, and your action. If you never step up to do something, nothing will be done. I spent years building my websites. I have lots of ups and downs during these periods. Even now, I faced lots of difficulties and obstructions daily. It’s the mentality of fighting back, never give up and pursue what we believe in.

These checks are not for showing off. It’s nothing great at all. But it’s a kind of motivation that I’ll see every month, pushing my beyond my limits. I hope to share with my readers that I’m just a normal employee, who’s making a side income during the weekends. If I can, you can too 🙂

Affiliate Check 1 – $100

Affiliate CheckThis is a new site that I’m promoting recently. Just started and good to see income starts coming in. I hope to see more in near future.

Affiliate Check 2 – $1304.42

Clickbank 1My usual Clickbank check. Trust me, Clickbank is one of the best place you can promote. The payouts are on time. I’ve been using them for many years.

Affiliate Check 3 – $1579.54

Clickbank 2Another Clickbank check. I’ve multiple accounts in Clickbank, to reduce the risk.  Like I’ve mentioned previously, it’s definitely possible to earn some passive income while having a full time job. All you need is to know how to do it, and just take action!

So what about you? Have you start earning some side income? I’ll like to hear from you. Just share with me what you are doing on top of your job to earn extra? See ya!

My eBooks Income Report (June 2013)

Every month, I’ll update my ebook income as a learning experience for my readers. It’s a way of tracking my income month after month, which I’ve created just end of last year. Selling ebooks on iBookstore, B&N, and other major online distributors allow me start another stream of income, and do note, this income is passive. Although I’m still uploading ebooks daily to sell, I can stop anytime I want and my current pool of ebooks will continue to make money for me.

How do I know? Well, it’s easy. The ebooks I’ve uploaded in Dec 2012 are still selling well. I started this project with the mind of collecting passive cash from the start. I wanted to produce great ebooks that will last the test of time, and kept selling until Apple closed down its iBookstore. Till then I’ll keep producing great ebooks for the community.

Having said these, I’ve some interesting findings in June. First of all, let’s look at the sales.

Number of eBooks published in June 2013

I’m still following my plan, and consistent is the keyword to this project. My plan, as mentioned in earlier post, is to continue to publish 1 ebook per day. I do not want to overwork myself to produce more, or too slack that I never do anything about it.

In June 13, I’ve managed to squeeze out 25 ebooks (+56%). I think that’s somehow the maximum I can do per month. So the next few months, I’ll be happy if I can maintain this number. In total, I’ve published 82 ebooks in total. I’m not too far from my target of 100 ebooks by year end. In fact, I may even hit it by next month. Let’s see how it turns out.

Number of eBooks Sold

eBook Chart (June 13) Actually I’m quite surprised by this number. From the chart, you can see that my sales of ebooks have not gone up significantly for the past 2 months. Despite with additional 25 ebooks published, by sales in June just went up by 3. I sold a total number of 296 ebooks (+1.02%).

One reason can be the topics I’ve published. I’ve chosen a wide range of ebook topics to write, from romance to self help. Maybe readers aren’t interested in some of the topics and those ebooks are not getting any sales. I’ll try to dig deeper in that.

I’m still quite happy with the result, as long as it’s positive. I’m hoping I can break the 300 ebooks sales barrier by July 13. It’ll be a milestone for me!

Income for June 2013

This is the reward I’ll get after all these hard work, the income I’ve been waiting for. No doubt the money if good, but I’m finding the process more fun. I’m treating it more like a project, an experiment than really to make money. Of course, I won’t reject the income also 🙂

Anyway, in June 2013, I’ve managed to finally break the $100 barrier! I’ve made $137.82 (+40.60%). Wow! It was totally unexpected. In May 2013, my income jumped 17.6%, which was good, but this month, it jumped 40%!

Why?

I can’t really tell. The number of ebook sales stagnated, yet the income grew. One reason I can think of is probably the higher ebook cost. I’ve made known that I am testing the optimal pricing for the ebooks. In May and June, I’ve increased my ebook cost from $1.99 to $3.99. With higher pricing, my income shot up the roof!

I’m still testing the pricing of the ebooks to get the best price/sale. I’m wondering how $5.99 will affect my figures. Let me try In July and August. I’ll update in my next Income report. Check my future posts for more data.

Best Pricing?

So far, with the data I have, I’m able to do some analysis about ebook pricing. I’m curious what’s the best price for ebooks. The cheaper the better? Or higher price in order to fetch higher earnings? How much higher will affect the sales of ebooks?

Now lets see the data below

Amt Sales Earned
$0 198 $0
$0.01-$1 27 $20.97
$1.01-$2 40 $51.29
>$2 31 $77.03

I’ve sort the Sales and Money Earned based on the pricing of the ebooks. At $0, I’ve sold 198 ebooks, which doesn’t surprise me. Free is good. I’ll ignore this data. However, I’ve noticed a trend. The sales are the lowest when the price of ebooks is below $1 (27 sales), and the highest when the price is between $1.01-$2 (+48.19%). Can this pricing fetches the highest income? Not necessary.

When I breakdown further, although I’m able to see a lower the sales figure for >$2 ebooks when compared to $1.01-$2 (-22.5%), the earnings are much higher (+50.19%).

This data is interesting. It means that the buyers don’t mind paying more for good ebooks. And they don’t really buy cheap ebooks. Maybe it’s the psychology issue. Cheap = bad. So what’s the best pricing? As I’ve mentioned, I’m going to set the prices of the newly published ebooks to $5.99 for the month of July and August. I’ll analysis the data after that. Wait for my post.

My Plan

I’m not sure how far this project will bring me. It’s getting more and more interesting, especially when I have more and more data. I still have a lot of areas to analysis, such as

  • which topics are selling well, and which topics have not sell a single ebook so far,
  • how many ebooks I’ve published for that particular price,
  • what will happen if I adjust the price to >$2? Will my income will jump?

These are some questions I’m quite curious and eager to find out. I’ll just wait patiently for the next 2 months before doing anything. I personally think $5.99 is way too expensive, and foresee I won’t sell much with that pricing. I may not even sell a single ebook and cut short the test to 1 month. If that’s the case, I can assume the best pricing will be between $2-$5.99.  Before that, I’ll just keep my fingers crossed.

So have you started your ebook business? How’s your sales so far? Let me know in the comments below. Thanks!