[Dumb] Passive Income Report for October 2014

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Passive Income Report October 2014Welcome to my [Dumb] Passive Income Report! This blog is all about what I am doing to create several different passive income streams. This monthly income report details my results. I work very hard and dedicate many hours each week to working on my different online endeavors in an attempt to create passive income. So why do I consider it passive income then? Because I am not trading specified amounts of time for a predetermined amount of money like I do at my day job. Most of the income you will see in this report results from work I have done in the past.

Why am I sharing my income publicly? Hopefully to gain credibility with you (the readers) and to maintain a certain degree of accountability for myself. I could blog all day long about what I am doing to create passive income online, including some of my unique strategies. But why would anybody trust me and believe that what I am doing works if I don’t prove it by sharing my results? This is what I mean by gaining credibility and this is one of the main purposes for sharing my income. I also share my failures on the blog, which holds me accountable. Knowing that I will be publishing a monthly income report will keep me motivated to keep pushing forward and plugging away on the things I need to do to create future passive income.

Happenings in October

October sucked. My good Amazon site got hit by Penguin 3.0 through no fault of my own. The site was hit by negative SEO several months prior, but had not been affected by that negative SEO until the latest penguin update. I was on track to break $400 in affiliate sales from that one site, but sales dried up immediately as a result of losing most of the traffic and I rounded out the month at only $284.

October actually didn’t suck that bad – as me and My Lady started a new “make money online” business venture together. You won’t see it in these October numbers, because we barely got started during that month. But as of the time I am writing this (late November) things are going amazingly well. Keep up to date with the blog and check future income reports to see what I mean. 🙂

Income and Expenses – October 2014

Passive Income

Selling on Amazon

  • $8.30 – bi-weekly payments from Amazon for sales (minus all Amazon fees) (This was our very first payment. Wait til you see next month!)

Affiliate Income from Dumb Passive Income

Other Passive Income from Niche Sites, etc…

Non-Passive Income

Website Services by Matthew Allen

  • $0 – Website services – build simple websites for private businesses (like this one grmobilewelding.com)

Expenses

Selling on Amazon

Hosting and Domains

Tools, Plugins and Themes

Outsourcing

  • $222 – to my private writer for article writing for niche sites
  • $63.83 – to oDesk for virtual assistant(s)
  • $0 – to The HOTH for a link building package (comprehensive and completely done-for-you link building)

Miscellaneous

  • $0- Paypal fees
  • $5.00 – Google Apps for domain email

Totals and Thoughts

Total income $902.90 minus total expenses $1508.40 equals a net profit of $-605.50 for October 2014 – yikes!

Passive Income Report - October 2014

I never thought I would see the day that my net income for one month actually dipped into the negative. But due to the nature of the Selling on Amazon business model – you have to spend money to make money. This is far different than the total bootstrap model I have been using with my internet marketing efforts for the past couple of years.

Not to worry at all though. Just wait until you see next months numbers! The stuff we are buying and sending to Amazon is actually selling and we are making thousands! See you in next months report.

Thank You!

Thank You for taking the time to read through my latest income report and Thank You for contributing  if you have previously purchased something through one of my affiliate links!  Many of the links within this income report are indeed affiliate links. I will receive a commission if you choose to purchase after clicking through via any of these links. Thank You if you do!

To your success and mine – may we all be profitable online. -Good Day!

Remember that there are several dumb ways to create passive income online, but only one site that is blogging about it! Dumb Passive Income… dot com.

-Matt

Photo Credits:

Nic Taylor via Flickr