As many of you know, last month I grossed over $2,200 in pure profit. $1,800 of that was from my personal favorite GPT (get paid to) website, SWATcash. I received a lot of questions with regards to how I was able to do this with an offer-completing website. As I had a very busy night and was unable to put together a longer post, I decided that I’d give you guys the payment proof from last months earnings.

Too many bloggers claim that they are making $X,XXX every month, and enver give you any proof. While you would typically just take people for their word, I feel like it is important to give readers the actual receipts every now and then to increase validity. Personally, I have come across dozens of earnings reports that I immediately felt were “creative” to put nicely. This would include people counting sales of blogs as a net income, when they actually put in a good deal of money into the upkeep of the website, and even certain people accrueing revenue that wasn’t actually booked. That’s an accounting no-no! :twisted:

The Difference Between Accrued Income, and Hope
Since I have such a quick post today… I wanted to drive one point home… and that is the difference between accrued income and revenue that you simply expect to come in. A quick accounting lesson: accrued income is income that is earned by providing a service or selling a product, but has yet to be received. Basically, you are moving items onto your books that haven’t actually been realized gains yet. Does this sound suspicious? It’s not. It’s entirely acceptable as an accounting practice and is used all the time to make your books look a bit better for the time being.

Now that you understand what accrued income is, we need to separate this from the wishful thinking that many bloggers have been adding to their earnings reports every month… despite the fact that the sales aren’t at all closed. Essentially, if you signed an agreement to sell a blog on December 31st for $10k, you could move this to your books as an accrued income. However, many are adding blog flips and the like that they have not actually sold to anyone onto their books, citing sales that fell through or expected sale prices. Things like this are enough to trash the reputation of the “make money online” niche as a truly worthwhile industry… not a good thing at all.

On to SWATcash!
Right, so here you will see the big check I received the other day from SWATcash headquarters. They process payments half way through every single month… and never miss a beat. Just check out their payment proof forum for a great example of the payouts they are giving on a daily basis. I was able to gain such a big amount, largely because of income that I had been  accruing in my user account as unearned income. It was all just racking up value as “SWATcash” points, which is their credit-based rewards system, and I turned it all to gold last month. In addition to this change, I had a good deal of referral traffic come in, and a great amount of leverage that they rewarded me for from posting about the website and obtaining some of the highest Google rankings for their niche terms. ;)

Lesson learned. Treat companies right, and they will reward you in the end with some great “financial aid.” I have been able to do this most viably with SWATcash, although other small companies have given me similar rewards for helping them along their way.

-The Net Fool

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