2013 State Of The Blog

My first post of 2012 was an update on the progress the blog had made since inception, as well as a disclosure about the blog’s income.  I’ll continue that tradition with this post.

Thank You!

Most of you never read that post, which is pretty cool, because it means the readership of this blog has dramatically increased.  A blog is nothing without readers and interacting with you is the part of blogging that I enjoy most.  Thank you for all your wonderful emails and comments, and especially for sharing the blog with others.  Almost all of the growth this site has seen has been through word of mouth.  A large percentage of my posts come directly from questions you ask, and those questions help the blog stay relevant to its readers.

Productivity

134 posts were added to the blog this year, most by me, but many of the best ones were by guest posters just like you sharing their ideas and experiences.The most popular post was 8 Reasons to Avoid Whole Life Insurance. Your productivity has also been outstanding- there are now over 2400 comments on the site, not counting the 10,716 Spam comments!

Visitor Count

A year ago this blog was being read by 5500 people per month (now 23,500) and 21,000 pages were viewed per month (now 85,000.)  163 were following the RSS Feed (now 729) and nearly no one was following via Twitter or reading the monthly newsletter (now 134 and 599 respectively.)  In the last year a grand total of 165K separate people visited the site, viewing over 764K pages.  Almost all of you are Americans, but there are a few from Canada, the UK, India, and Germany as well.  131 outside websites link here, five times as many as a year ago.

Blog Finances


From the beginning, I decided this was going to be a “for-profit” website, and I’m sure you’ve noticed the ads.  (In fact, I was told this evening one popped up through Google Ads from a medical malpractice firm- sorry about that, I didn’t approve it.)  Last year the blog generated about $1000 in income, although it didn’t actually realize a profit thanks to a few business expenses.  My goal for this year was to gross $5000 in income, a goal I made.  Although I’m still working on maximizing my business expenses, it looks like I’m going to be paying some taxes on what the blog made this year.  The only thing worse than having to pay taxes, of course, being not having to pay taxes.  Full disclosure to you, the reader, of my financial conflicts of interest is important to me.  I want you to know where my money comes from so you can evaluate the information on the site in that context.

Income

  • Google ads                       $1425.62
  • Amazon affiliate program    $801.69
  • Other affiliate programs      $1321.29
  • Privately placed ads           $4536
  • Writing/Speaking Fees       $800
  • Other Income                    $55
  • Total                                 $8939.60

Expenses

  • Total                                 $2190.27

Profit                                             $6749.33

I was pretty excited to add all that up tonight.  Not only did I meet my goal for the year, but the total blog income for the year added up to a significant chunk of money.  The hourly rate still isn’t much, since I spend way too much time working on the site, especially the content, but it’s nice to see something for my efforts.  My goal for next year is $12K in profit, but more importantly, I hope the info found here will be worth that much or more to each of my regular readers.

What’s Coming Up

I plan to continue the ever-popular Friday Q&A series.  Quality guest posts are becoming more and more common, so expect to see more of those.   I’ll also continue the military series and the back to basics series.  I’ve decided to stick with the newsletter, at least for another year, as it gives me a chance to interact with readers in a little bit of a different way.  If you haven’t yet signed up for it, please do so.  It includes content not found anywhere on the site, and it’s just as free to you as everything else here.  I’m also hoping to spread the message of The White Coat Investor through word of mouth, as well as more mainstream publications in the next year.  I’ll be submitting pieces to journals such as Medical Economics and Ophthalmology Business.  Have a great new year!

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Comments

2013 State Of The Blog — 12 Comments

  1. Any idea how many hours you have into the blog in 2012? It would be interesting to see if you made minimum wage. The transparency is awesome and definitely results in increased credibility. Here’s to a great 2013!

  2. Glad you enjoy them Leigh. I like them too, plus they’re somewhat easier to put together!

    I’ll try to put a more prominent link somewhere on the front page Rex.

    Dwolf- I didn’t count up the hours, but I’d guess an hourly income of $10-15 for time spent on the blog. Even if I divided the 134 posts into the $6749 profit it only comes out to $50 a post (and it’s very unusual for me to spend less than an hour or two on them). But the truth is that most of these posts are somewhat ever-green. They continue to generate income into the future. So each one is a little bit of an investment. But really what I’ve done is turned a hobby that didn’t pay me into one that did.

  3. Your transparency is admirable and ethical.
    It’s one of the main reasons I trust this site.
    Please don’t change – it’s incidentally one of the major problems facing the field of medicine as well!

  4. I agree with Rex, especially with this article I’m much more inclined to click on whatever links we can to help out.

    Thanks for everything you do, and it remains an invaluable source of information.

  5. I don’t know that I’d make a habit of clicking on ads just to click on them. I do just fine if you only click on the ones you have some interest in, and surprisingly, these advertising companies like Google Adsense have pretty complex algorithms to tell genuine clicks from people just clicking on ads.

    The conflicts of interest are omnipresent. I have the opportunity to sell my readers out several times a month. It’s much easier to do the right thing since I don’t have to feed my family using the income from this blog. Most financial professionals don’t have that luxury, unfortunately.

  6. “But really what I’ve done is turned a hobby that didn’t pay me into one that did.” I love that comment that you made.
    This is a great site, very informative. Thanks for sharing the stats too. I love looking over the numbers.

  7. I am a current 4th year student going through the match this year. I was turned on to the blog about a month ago by a class mate. I just wanted to tell you thanks for all that you do. I have been reading through a lot of the basic and older posts. It is a great crash course heading in to my first real job on July 1st!

    Thanks
    James from the University of Kentucky

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