Passive Income Ideas and Answers – Ask Matt – July and August 2016

Passive Income Ideas - Ask Matt - July - August 2016

Passive Income Ideas - Ask Matt - July - August 2016Welcome to the 2nd edition of my “Ask Matt” series! In case you didn’t see the 1st edition, check it out if you want to read details about why I started this series. Basically, I got tired of wasting time answering questions privately via email and figured I might as well answer questions publicly on the blog. I figure, if one person has a question they need answered, surely others have the same (or similar) questions. So why not publish my answers so that everyone can benefit?

The previously undisclosed intent was going to be to publish these Q & A posts monthly. And I certainly had enough questions to create a separate post for July… but I slacked off and didn’t make the time to get the post written and published. So… August is almost over and I’m about to hit publish on this post which includes questions for July and August. Feel free to read the entire thing. Or just scan the subheadings to see which questions might apply to, or interest you. Hope you enjoy and I hope this helps (at least in some small way).

Okay. Here are the questions and answers…

Continue readingPassive Income Ideas and Answers – Ask Matt – July and August 2016

[Dumb] Passive Income Update for May 2016

Passive Income Update May 2016

Blogging – Niche Sites – Amazon FBA

Since I stopped publishing regular monthly income reports at the end of last year, I’ve gotten lots of emails and comments from people wondering what the heck has been going on with me. How is my passive income journey going? What’s happening with my niche websites? Am I making any money with Amazon FBA? What’s working for me and what isn’t? What about my ONE Thing FOCUS strategy that I talked about last fall?

I admit – I’ve kind of neglected this blog and it’s audience for a couple of months while I concentrated on other things. So it’s definitely time for me to write and publish a decent update. I’m going to try to keep it quick and short. I’m typically terrible at that and tend to ramble on for several thousand words. Below, you’ll find the things that I’ve been working on, broken up into different sub-sections. A LOT has been going on with me. And NO – I still have not hit the internet jackpot. But income is on the rise and things are headed in the right direction. Let’s do this!

Continue reading[Dumb] Passive Income Update for May 2016

Private Label Products to Sell on Amazon FBA – Getting Started

Private Label Products to Sell

I don’t know if you’ve heard or not – but there is a LOT of money being made by people who private label products to sell on Amazon via the FBA platform. Yeah! I’ve heard that too. It’s been really hard to ignore over the past year or so if you hang out in the “make money online” spaces like I do. I read blogs and I listen to podcasts. Most of my focus over the last few years has been around blogging and building niche websites. But even most of the people that I follow in that space have either dived in, or at least talked about private labeling products and selling them on Amazon via FBA.

Throughout most of the past year, I have had to purposely ignore all of the talk and the hype around Amazon FBA. I had specific reasons that I didn’t want anything to do with that type of business. At least not at the time. So, what were those reasons and why did I change my mind? Why am I jumping into the business now?

Continue readingPrivate Label Products to Sell on Amazon FBA – Getting Started

A Profitable Online Business – Amazon FBA

Profitable Online Business - Amazon FBA

Looking at a few of my more recent income reports (late 2014 and early 2015), it’s hard to miss that my total online income numbers have skyrocketed. This is due mostly to the recent business venture that my lovely wife and I are doing together – selling on Amazon via FBA. If you haven’t seen it already, be sure to check out my original post about how we got started – Side Hustling with My Lady. Income is up. No doubt about that. But expenses have skyrocketed too. Due to the nature of this type of business – we have to spend money to make money.

In this post, I’m going to dig through my numbers from my first 4 or 5 months in this business and answer the following questions:

  • Is selling on Amazon via FBA a profitable online business model?
  • Is selling on Amazon via FBA considered passive income?
  • How much money have I spent?
  • How much money have I earned?
  • How much inventory do I have at Amazon?

Continue readingA Profitable Online Business – Amazon FBA