Monday, June 25, 2012

One Year of Passive Income with Mr. Rebates

It's been just over a year since I posted to this blog. One year and nine days, to be exact.

That last post, Six Months of Residual Income with Mr. Rebates, outlined six months of earnings, which totaled $1200. I'm back to update what my earnings have been like since then.
In the twelve months since I wrote that post, I've earned $1,911.20 from one passive income source: Mr. Rebates.

My earnings have broken down like this:

July 2011: $197.03
August: $279.38
September: $375.72
October: $121.34
November: $95.71
December: $121.23
January 2012: $66.82
February: $128.27
March: $138.60
April: $155.94
May: $84.54
June: $146.62

Why the drop?

Despite these strong passive income numbers, the fact remains that my monthly average earnings dropped from $200/month to $159/month. 

So, why the drop?

During this time, eBay pulled out of its cash back rebate arrangements with Mr. Rebates and other sites like it. eBay was a huge source of referral commissions at Mr. Rebates. In fact, I didn't realize how much of my commissions came from eBay purchases until they were gone.

But, eBay made a business decision to discontinue cash back rebate arrangements and -- while it was disappointing -- it was by no means the end of the story.

Mr. Rebates Still a Strong Source of Passive Income

Instead of focusing on the loss of the eBay commissions, I'm focused on the fact that Mr. Rebates has still been a reliable source of passive income to me for six years now.

I continue to get regular referrals -- 204 in the last twelve months -- from blog posts, etc. that I've had up forever. That makes this income stream completely passive. All I do is check my earnings and request a Paypal payment at the end of each month.

$1900/year is not bad for doing that. :)

Why Mr. Rebates is my Favorite Source of Passive Income

But the very best part is that the fact that I've earned $1900 in the last year means that those who I've referred have gotten back $9500 in cash back rebates during that same time period. That's what makes this referral program such a pleasure to be a part of.

Whether you're interested in Mr. Rebates as a referral program where you can earn commission or as a cash back program as a shopper, I encourage you to check out Mr. Rebates for yourself. Not only is it free to sign up, but you'll get a $5 signup bonus credited to your account right away.


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