sensetosave said:
Anyone else use this business model? What do we do?
@Kacie
I don't have the answer for you unfortunately, but wanted to give you some hope. Last January (2011) my adsense check was almost $5k. I barely knew what I was doing, but luckily stumbled across a few keywords that were paying pretty well. I was averaging between 100-120k visitors per month and was on cloud nine.
I got hit by Panda in April 2011 and saw my traffic hit new lows May, June, July, and August. I went from averaging over $100 per day to $20 on a good day. Talk about frustrating.
That's when I realized I couldn't be dependent on source of income. At the time I really couldn't do text links on my homepage (and don't really do them now on my main site).
I started focusing on building my email list, doing an occasional sponsored post (I'm very selective on which ones I accept no matter what they pay), affiliates, affiliates, affiliates, and now banner advertising.
This month my traffic is back – finally!!. Although I think I'll pass 100k in visits my adsense is still only 1/3 of what it used to be. I wish I knew why, but I'm just thankful that I added other income sources to diversify.
I guess the moral of the story is to not get discouraged. If you truly love blogging then by sticking with it you should have other opportunities present itself.
Good luck!