It’s that time of the month again, it’s time to take a look at the numbers and see how much passive income I was able to generate over the past 30 days. Check out my blog income report for October here.
This income report is going to be a little bit different as there are some new sources of income that I will be adding in addition to everything else that I usually do. I’ve been doing some Cryptocurrency trading and investing in bitcoin over the past 6 months which I’m going to include here as well which is something I don’t normally do.
Passive Income Made Easy
The first source of income that we are going to be focusing on is my very own online school. Passive Income Made Easy is my own Teachable school that I launched a couple of months ago. Every month I get a few course sales and this month I added a new option for students to enroll. Along with the option of paying for courses individually, students can now enroll in a monthly subscription for only $9 a month.
I got the idea to start doing this from Phil Ebiner and after seeing the success that he was having by doing this. The results from this month have been pretty good, I’ve made around $200 in course sales as well as 3 subscription enrollments. 1 enrollment was full price while 2 were during the my Black Friday promotion I ran where I offered the first month subscription for only $1.
This might seen like a small number but remember subscriptions are reoccurring payments and they add up over time. The good thing about a low cost subscription is that it’s easily affordable and allows me to continually make a stable source of income.
I spent the vast majority of my time setting the school up, adding new courses, and promoting the subscription option. I plan on spending the majority of my time in December doing this as well.
Total income from Passive Income Made Easy: $211.
As predicted I had a pretty good month on Udemy for November. Every year Udemy runs a massive Black Friday sale where they drive a lot of revenue and students to your courses over only a couple of days. We did pretty good this month bringing $1,298.38 in total sales! I’m pretty happy with this number and love the fact that my Udemy courses continue to sell even though it’s not my main focus these days.
Because November does so well I’m expecting December to not be as good but then again January has been a pretty good month historically as well on the platform. Udemy usually runs a big promo for New Years as well.
Other than that I haven’t done much on Udemy. I did launch one course on Udemy (How To Create Your Very First Online Course) but haven’t had time to do any promotion or marketing. After the New Year I’m planning to focus more on promoting my Udemy courses once again, and I still think it’s a great place for anyone to publish a course on.
Total Income From Udemy: $1,298.38
Skillshare is another platform that I sell online courses on. I don’t publish many courses anymore and I do next to no promotion on the platform ether. Regardless, because of work I did in the past I still make income on a monthly basis.
In November I made a total of $70.59 from premium minutes watched on my courses and another $30 from referrals. I did a review of Skillshare a little while ago that continues to drive traffic and make me commissions on students signing up to the platform.
I still recommend anyone just starting out to upload any courses or videos that you can to Skillshare.
Total Income From Skillshare: $130.59
YouTube is something that I really enjoy doing, sadly this month I wasn’t able to dedicate as much time as I would have liked but still I’ve been plugging away. My Channel has been growing steadily currently at 3,451 subscribers.
If enjoy making videos then I highly recommend you make your own channel and start uploading right away! Stats from this month have been pretty similar to last month with some small increases and decreases.
Honestly as long as my subscriber base keeps growing which it has been I’m happy!
Amazon Video Direct is something I’m starting to see some potential in. Unfortunately I only have 4 videos published on the platform, perhaps I will do an experiment in the near future and start uploading more content and see how much higher I can spike my earnings…
Total Income From Youtube: $113.86
Amazon Video Direct: $0.60
Affiliate Programs and Sponsored Reviews
My affiliate programs for the month have been a little weird. Some programs I’ve seen increases in sales and conversions while others haven’t done as well. I also haven’t been focusing on affiliate marketing as much ether with my main emphasis being on promoting my online school.
I think because everyone was working really hard for Black Friday sales overall my affiliate income is a little bit low this month.
Regardless the great thing about affiliate programs is that they are indeed a great source of passive income. I also did my first sponsored review of LiveAgent which was a nice little bit of income for the blog. If you would like me to review your product or service feel free to visit my Advertise page and get in touch.
Here are the stats from all the various programs that I am a part of:
Amazon Associates: $0.82
Impact Radius: $6
ServerPress Desktop Server: $19.00
Sponsored Reviews: $100
Total Affiliate Marketing Income: $186.22
So why not?
Because the price of bitcoin is always changing it’s hard to determine how much money I am making per month. What I decided to do is take the previous month and compare to the price of bitcoin for this month. So if we take my total amount of bitcoin I currently have which is…
If we look at the price of Bitcoin on November 1st ($6,119) we can guess that during that time I had $1259 worth of bitcoin. It’s now the beginning of December and that same bitcoin is worth $2407. I don’t do that much bitcoin or Cryptocurrency trading, there’s been a few I’ve traded and made some small gains but at the moment I’ve just held it on the exchange and have been making income off of margin lending.
Other then that there hasn’t been anything else I’ve been up to. I do want to go ahead and mention that I am going to be doing my first ever Webinar this coming Thursday on December 7th. We will be talking about affiliate marketing and how you can get started earning affiliate income from scratch.
You can sign-up by clicking here if you like.
If you are reading this and it’s too late to attend the webinar, all recordings will be available for members of Passive Income Made Easy.
To summarize up my total passive Income, I’ve made a total of $3417 and I’m pretty happy with that. My main focus for December will be doing more promotion for my online school and getting students subscribed to the payment plan.
Maybe after that we could try a case study with Amazon Video Direct or something similar?
Let me know what you guys think in the comments section below.