This is the sixth in a series of monthly income reports detailing the revenue and expenses from building my blogging business (originally at myDustExplosionResearch.com but now at DustSafetyScience.com).

GradBlogger income report for May 2017In the first four months of 2017 (January, February, March and April), I had $131.92 in expenses.

It had been a full 12 months since I purchased the myDustExplosionResearch.com domain in June 2016. (See June to December 2016 income report here and note that I did not actually launch my blog until August 2016!) At 12 months in, the blog was getting 711 visitors and 1268 views per month, my LinkedIn connections grew to 617, and the combustible dust newsletter had 153 members.

In this post, I talk about how the blogging expenses are started to build up, my strategy for content creation, and some thoughts on initial monetization of my blog.

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May 2017 Summary

As I mentioned in the last income report, I was a bit surprised to find that my hosting provider added two charges to start my second year of blogging: one for domain registration and one for hosting the website. Furthermore, the hosting fee was quite a bit more expensive ($8.99 USD/month) than the introductory rate ($2.95 USD/month), resulting in a $107.88 USD charge in May.

Once this charge came in, I took a look back and realized that my blog expenses had started building up! With those most recent charges, I was now at $315.64 CAD in expenses since the start of 2017 and $362.64 CAD since starting the blog 12 months prior.

Blogging-Income-Expenses-First-12-Months-CAD

Seeing the expenses adding up reinforced the need for my blog to make money over the long term. I started brainstorming ways to make that happen (see below) and I also got more serious about creating interesting and useful content to get people back to my website.

Content Creation in Mid 2017

As I mentioned in January, a big push on generating content when I started my blog (see How to Write 40 Academic Blog Posts in 56 Days) left me pretty burnt out on writing at the start of 2017. Besides my combustible dust expert round-up post in March, I had only published three posts this year (yikes)!

However, I was seeing a pretty good conversion between the number of people coming to my website and joining my newsletter (4-6%, with many coming through my industry report lead magnet). I was also seeing success in sharing my content on LinkedIn and having people come back to the website, but I was running out of things to share!

In May, I started focusing on creating more valuable material. This included “Review Posts”, “How-To Posts”, and “Current News Posts” (See Lesson #5 on Blog Content Strategies in the GradBlogger Getting Started Mini-Course for more on these types of posts!):

 

These articles were all between 1300 and 2500 words. They were designed to rank for specific keywords: Combustion, US Ink Explosion, Combustible Dust, and Chemical Safety Board. More importantly at the time, they had “catchy” titles, and the substance underneath, to encourage sharing on LinkedIn and to drive people back to my blog.

My newsletter increased from 119 to 153 people in May from 711 visitors to the website (4.8%).

Income Breakdown

Below is the revenue, expenses, and net profit breakdown for May 2017.

Revenue Breakdown


Gross Revenue: $0.00
Annual Gross Revenue: $0.00


Expenses Breakdown


Bluehost Website Hosting: $149.17
MailChimp $14.00
Self Employed PhD $20.77

Gross Expenses: $183.94
Annual Gross Expenses: $315.86


Net Profit Breakdown


Total Net Profit: -$183.94
Annual Net Profit: -$315.86


* Note: All numbers are reported in Canadian Dollars

Generating Income Moving Forward

As I mentioned above, May was an interesting month for me. It was my most expensive month ($183.94) to date and I just broke the $350 mark for overall blog expenses.

With this in mind, I looked at an old notebook I had used to brainstorm ideas to make money online. I cover some of these in Lesson #9 (Blog Monetization Options) of the GSMC but entries from 2016 jumped out with some ideas.

August 12th, 2016:

  1. Advertisements from consultants <–
  2. Advertisements from universities
  3. Review of courses
  4. Personal consulting
  5. Free products to review
  6. Advertisements for conferences <–
  7. Sell products to an email list <–
  8. Advertisements for graduate student utilities (e.g., findgraph)
  9. Referral fees for students going to universities
  10. Graduate student job board

October 24, 2016:

  1. Textbook Affiliate Sales <–
  2. Google AdWords
  3. Commission Junction Banner Ads
  4. Create a Job Board
  5. Create Combustible Dust Course
  6. Connect Research Labs with Students
  7. Marketing Consulting for Businesses
  8. Commission Sales for Equipment Manufacturers
  9. Safety Consulting
  10. Create educational products

Some of these brainstorm ideas did not resonate with what I wanted my blog to be. However, I realized that a couple involving advertising, affiliate sales, and even creating my own online products might be possible with the community I was starting to create!

This had me pretty excited and thinking about how I might make my first $1 online. As we will see in next month’s income report, this milestone was not that far away!


Which monetization methods above resonate with you? Share in the comments below along with any other ideas you have to make money with your blog!