passive income Archives • Page 2 of 3 • The Dumb Passive Income Blog

[Dumb] Passive Income Report for April 2014

January 21, 2020May 9, 2014 by Matthew Allen

Welcome 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.

Passive Income Report for April, May & June 2013

August 11, 2013July 18, 2013 by Matthew Allen

Welcome 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.

Passive Income Report – March 2013

July 17, 2013April 8, 2013 by Matthew Allen

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.

Passive Income Report – February 2013

March 11, 2013 by Matthew Allen

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.

The Miniature Niche Site Project – Mini NSP

February 20, 2013February 14, 2013 by Matthew Allen

When I started this blog in May of 2012, my efforts to create passive income online were targeted mostly at building smaller niche sites. I had some early success with my very first attempt at building a niche site. I got over-confident and decided that I was qualified to teach others how to obtain the same success that I had found. So I decided to do a Niche Site Follow Along, inspired mostly by Pat Flynn’s very popular Niche Site Duel series. I started to show my exact processes for how I build a niche site. I failed on my first attempt and started over from scratch, all within that same follow along series. I was plugging away on my next attempt, and then the EMD update hit and completely burst my niche site bubble. So what did I do to keep my burning desire to create passive income online alive?

Passive Income Report – January 2013

October 11, 2013February 8, 2013 by Matthew Allen

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.

Earn Free Amazon Gift Cards with Carbonite Referral

February 22, 2013January 16, 2013 by Matthew Allen

Want to hear one way that I generated some passive income throughout much of the month of December? I was able to earn free Amazon gift cards, several of them, through the Carbonite referral program. At the time, Carbonite was running a holiday promotion where the referrer (me) and the person who signed up (the customer) would each receive a $20 Amazon gift card. The promotion was supposed to end on January 3rd, 2013. I was completely shocked when on January 9th another $20 Amazon gift card showed up in my e-mail inbox! I thought maybe there was some sort of delay in the system, until I received an e-mail on January 14th stating that the promotion has been extended. As of January 4th, the $20 Amazon gift card for you and your friend promotion has been reinstated with no planned end date.

Passive Income with Peer to Peer Lending at Lending Club

August 11, 2013January 11, 2013 by Matthew Allen

Much of my focus on this blog so far has been on my attempts at internet marketing through building various types of websites to try to create a passive income. However, there is one other thing that I am doing to create passive income online that does not require the work and knowledge that it takes to build a website. I recently invested some money at a peer to peer (P2P) lending site, Lending Club. Whether or not investment income from interest of this nature is considered passive or not is debatable. For me, it is passive enough. I spend about 30 to 60 minutes per month choosing notes to reinvest my principal and interest payments into. So it isn’t completely passive. But, I am not actively trading time for money like I do at my day job. I choose the notes to put my money into about once a month, then they sit there and earn interest for the entire month while I do nothing. Allow me to explain how and why I got started in P2P lending at Lending Club.

Passive Income to Offset Increasing Taxes (USA 2013)

December 29, 2017October 19, 2012 by Matthew Allen

i want you - Uncle Sam — Image from Flickr by tinou bao

I just received a troubling e-mail from a friend. The e-mail is a forwarded e-mail from his accountant that explains in detail some of the upcoming tax changes that will affect more than 90% of Americans starting in 2013. It makes me wonder why I strive to create riches through passive income at all!

“Raise taxes on the rich.” – “The rich need to pay their fair share.” These are just a few of the democratic/liberal talking points being used during the 2012 presidential campaign to try to appease to middle and lower class voters. Unfortunately, many of these less informed voters probably don’t realize that former tax cuts are about to expire, effectively raising taxes on them. This is happening despite the campaign rhetoric that is telling them otherwise.

Excited To Move from Small Niche Sites to Something Bigger

October 11, 2012 by Matthew Allen

Niche sites are all dried up! - Dumb Passive Income — Image from Flickr by Thomas Tolkien

Over the past week and a half or so, I’ve been mulling over and contemplating what I will be doing to create passive income after the setback due to the Google EMD update. Just after the update, my only site that was still ranking and earning was seemingly untouched. This surprised me, because it was my very first attempt at a niche site and was horribly built. It remained at #1 and was still getting a few ad clicks. Just yesterday, I checked again and it dropped from the #1 spot all the way down to #14. Micro niche sites are completely dead to me!

10 of the 12 domains that I own were initially purchased specifically for the purpose of building small adsense niche sites. All of these domains were either Exact Match Domains or partial match domains. Since the EMD update, I went back and did Google first page analysis again for each one of them.

Income Report – September 2012

October 1, 2012 by Matthew Allen

Welcome to the Dumb Passive Income – income report! I can honestly say that I am pleased with the little bit of progress that is starting to happen. Although my niches site efforts are still barely paying off, there are a few streams of internet income that are starting to drip money into my accounts.

Admittedly, some of this income isn’t passive. For example, the article income I am receiving for writing a few posts for the Penny Thots blog isn’t really passive. But, I agreed to write 2 or 3 posts per month for that blog from it’s very beginning, which was just before I started this blog. That is an agreement I plan to see through and look forward to the shared success with the sites owner and the other main writers.

Passive Income with Amazon Associates

October 6, 2016September 24, 2012 by Matthew Allen

As a consumer, I love Amazon.com for buying books and other purchases. As an online marketer, I love using their affiliate program – called Amazon Associates – for earning passive income through commissions when others purchase products. Amazon has been a trusted online retailer just about since the dawn of the internet. They went online in the mid 90’s, mostly selling books. They’ve now become a world-leading and innovative drop-shipping site – meaning Amazon doesn’t have a massive warehouse that stores all of these products. Rather, they allow buyers to browse and buy directly from their site and then products are shipped from manufacturers or other retailers.

If people were leery to allow companies to store their credit card information during the early days of the internet, that certainly isn’t the case anymore. I heard a statistic (although I can’t find proof) that Amazon has over 300 million credit card numbers on file!

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