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March 2018 Passive Income Report

March 2018 Passive Income Report

March was an interesting month. We had a lot of Hill Media Group projects coming to a close so I focused on creating content. I put out a ton of videos in March and that shows in the numbers you see below. There are still a few passive income areas that finished correcting back to where they would normally be after the holidays and post-holiday sales.

I changed the name of this report from Side Income to Passive Income. The idea is that the income will grow into something that could become my main focus. Calling it side income makes it seem like something I don’t spend much time working on. The goal is to grow passive income streams that continue to pay me over time. As I continue to feed those passive income streams, that income will continue to grow and become an income source that will pay me even if I decide to take a month or two off on occasion.

With the large boost in content production, I am interested to see where Amazon Affiliate sales will go next month in April. Sometimes it can take some time before the increase in content and views result in more affiliate sales.

I still feel confident with how things are going so far in 2018. I have not had the motivation I had at the beginning of the year. I know that I need to get back to it and work on creating a new course. Hopefully, I can make more forward movement in April.

Make sure to subscribe to my YouTube channel to follow along as I continue to explore new ways to grow my personal income.

February 2018 Side Income Total – $4,895.51 (-9.5%)

YouTube

  • StateOfTech – $1,119.39 (+27.31%) Subscribers: 29,771 (+4.57%) Watch Time: 1,169,902 Minutes (+5.31%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos. I added a lot of video content in March which is represented in the growth see this month.
  • Ditch Auto – $440.79 (+32.12%) Subscribers: 24,785 (+5.31) Watch Time: 827,560 Minutes (+17.57%)
    My photography channel continues to lack content. I have not had time to put anything together for Ditch Auto. I started the monthly photo challenge but have not had the time to work on additional content and have not focused on any other photography content. This needs to change.
  • Jerad Hill – $42.87 (+9.02%) Subscribers: 5214 (+0.12%) Watch Time: 37,249 Minutes (+10.65%)
    This is my personal channel. I started uploading more content this month but am having trouble with it being found. This channel is so old and has been unused so many times. I think it is going to take a lot of content and consistency to get it to bounce back.
  • AltCast – $0 (0%) Subscribers: 1446 (+23.59%) Watch Time: 64,733 Minutes (+23.03%)
    AltCast is a new channel started January 2018 with a focus on Cryptocurrency Mining. I have seen a lot of growth here due to a give-a-way that was pretty successful. I still need to reach 250,000 watch minutes in order to monetize this channel. I am currently at around 155,000.

Amazon Affiliate

  • Amazon Product Links – $972.33 (+13.69%)
    The Cryptocurrency buzz has died down for sure but the new content produced for State of Tech has helped drive more affiliate sales this month. Ditch Auto is still going strong but I have not added new content. This month I also started posting videos on the website as well with a short write up and product affiliate links. I am hoping to see some growth in traffic to the websites as well.

Google Adsense

  • Google Adsense links/display – $27.61 (-44.39%)
    Google made a pretty sizeable algorithm change in January which put the hurt on one of my sites. As I mentioned above, I have started posting video content to my websites with small articles to work toward growing traffic back up on these sites.
    Sites with Adsense Integration: StateOfTech.NetDitchAuto.Com

Jerad’s Courses

  • Paid courses on Jerad.Courses – $637.00 (-18.75%)
    The Mining Rig course still continues to provide some income, though it is slowing down quite a bit. I need to produce a new course to help replace that income.

Udemy.Com

  • Paid courses on Udemy – $335.52 (-46.22%)
    Just like with my personal course site, the revenue has dropped a bit on Udemy. I messed around with Udemy’s marketing a bit and allowed Udemy to set sale pricing on my course. This led to more sales, but less revenue overall.

Other Income

  • Other monthly revenue streams from side work – $1320.00 (-28.65%)
    I am almost back to where things were before in this category. I am not selling mining hardware anymore. This category consists of passive income that comes in from various other past projects and content that I no longer work on growing.

Investments

This was a rough month for my investment holdings in these two spaces. I didn’t put any money or even really pay much attention to my stocks in the Robinhood app so I lost a little bit there. Cryptocurrency continued to get hammered but I believe this is the bottom. My plan with Crypto was to hold on to what I had (HODL) and wait for it to recover. My investment strategy is a long game here.

  • Stocks (Robinhood) – Holdings: $7,455.90 (-2.22%)
    In April I plan to start focusing on my stocks again. Hope to see some growth here and will also put more money in.
  • Cryptocurrency – Holdings: $3,482.12 (-36.66%)
    Crypto has been hit hard this month and continues to take hits into April. I am still mining which contributes to growth in my holdings but I have lost a good portion of value from when it was at an all-time high in early January. I decided not to buy any Crypto in March. I will wait a bit longer to see what happens in April. If you want to get started investing in Cryptocurrency, I suggest joining Coinbase. You can buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin currently.

March was a good month for YouTube growth. My main focus was producing videos and we put out a lot of videos during this month which is why there was so much growth in this space. I find that it is too easy to work on things that do not contribute to passive income growth. I have to remember what the goal is and continue to work on what will get me there.

Thanks for coming along. If you have any questions, please ask them in the comments section below.

March 2018 Passive Income Report

Income

February 2018 Side Income Report

February 2018 Side Income Report

February was definitely a reality check that came quick. I knew that January was a Unicorn Month and stated that in last months side income report. I just don’t like seeing red. I am still turning a profit and am up compared to last year, but there is a lot of red in this months report.

I spent most of February concentrating on content. I also played around with Live Streaming quite a bit. One of my plans over the next few months is to start doing some live streaming. I am still trying to figure out what I want to do in that space. My studio is now set up to live stream.

I burned out on buying and selling Cryptocurrency Mining equipment. It was a lot to keep up with and I did not want it occupying so much of my mental bandwidth. By the end of the month, I had sold off the remaining inventory I had. I still have my small mining farm and have been trying to decide what to do with that. It’s earning an income but when the days start to warm up I will need to figure out a solution for cooling the warehouse.

This has also been kind of a tough month for my investments. The stock market corrected quite harshly this month. I was not hit too hard because in December I sold off most of my stocks that had not seen at least 10% growth in the previous quarter so I got lucky there. The stocks I still hold did not get hit too hard and by the end of February, they had completely recovered.

Cryptocurrency continues to get hammered as well. I am still showing an increase in my holdings because I continue to mine Ethereum and ZCash, but I did lose quite a bit. I hope that the coming months bring some recovery to that market.

March will bring a new challenges as I continue to work on content for these projects in an attempt to grow them. I recognize where most of the opportunity for growth is, I just need the time to put in the work.

I am still thrilled with how things are going so far in 2018. The year started off kind of crazy but I can now start to dig into some of my longer-term plans for side income growth. Make sure to subscribe to my YouTube channel to follow along as I continue to explore new ways to grow my personal income.

February 2018 Side Income Total – $5,409.45 (-35.09%)

YouTube

  • StateOfTech – $879.27 (-2.51%) Subscribers: 28471 (+7.28%) Watch Time: 1,110,876 Minutes (-20.63%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos. I added a few videos in February, but nothing that saw much traction. A few other videos have started to see some growth. I hope to get more content up in March.
  • Ditch Auto – $333.63 (-6.96%) Subscribers: 23536 (+6.72) Watch Time: 703,892 Minutes (-20.26%)
    My photography channel continues to lack content. I have not had time to put anything together for Ditch Auto. I will be starting a monthly photo challenge in March so I hope to be able to produce some content around the monthly challenges.
  • Jerad Hill – $33.83 (+30.87%) Subscribers: 5208 (+9.96%) Watch Time: 33,665 Minutes (+1.04%)
    This is my personal channel. I started uploading a few videos here and there with plans to get more serious in March.
  • AltCast – $0 (0%) Subscribers: 1170 (+166.51%) Watch Time: 52,661 Minutes (+201.41%)
    AltCast is a new channel started January 2018 with a focus on Cryptocurrency Mining. I have seen a lot of growth here due to a give-a-way that was pretty successful. I still need to reach 250,000 watch minutes in order to monetize this channel. I am currently at around 120,000.

Amazon Affiliate

  • Amazon Product Links – $855.23 (-49.83%)
    The Cryptocurrency buzz is slowing so this income channel cooled off a bit. I also have not spent much time creating new content for State of Tech or Ditch Auto which are two of the bigger driving forces behind Amazon Affiliate purchases for my account.

Google Adsense

  • Google Adsense links/display – $49.65 (-46.94%)
    Google made a pretty sizeable algorithm change in January which put the hurt on one of my sites. State of Tech’s organic traffic basically cut in half. The algorithm change favors sites that have frequent updates and State of Tech has not had much fresh content lately. I plan to change that over the next few months to regain some ground.
    Sites with Adsense Integration: StateOfTech.Net, DitchAuto.Com

Jerad’s Courses

  • Paid courses on Jerad.Courses – $784.00 (-21.99%)
    The Mining Rig course still continues to provide some income. It has started to taper off likely due to the interest in mining starting to slow.

Udemy.Com

  • Paid courses on Udemy – $623.84 (-35.58%)
    Just like with my personal course site, the revenue has dropped a bit on Udemy. I have been learning how Udemy showcases courses that decide to use their own pricing rather than allowing Udemy to run sales. I hope to discuss this later in a blog post on my experiences with using Udemy for my online courses.

Other Income

  • Other monthly revenue streams from side work – $1850.00 (-43.53%)
    As I mentioned earlier in this report, I have just about sold off the rest of my mining equipment that I purchased to resell. I still have my mining rigs, but that is about it. It was a lot of work to find mining hardware and to resell it. This category is going to drop off a lot in the next month as I don’t have any current plans to add any additional side income channels for now.

Investments

This is a new category that I am not including in my side income revenue because these are investments. In my opinion, these investments will not become income until I cash them out. In the future, I may break this out on its own as I have more content for this area. I have been investing on my own for a few years but I have not really taken it very seriously until late last year.

  • Stocks (Robinhood) – Holdings: $7,625.02 (+16.40%)
    In December I sold off all stocks that were not performing outstanding to fund the purchase of mining equipment for resale. This ended up working out to my benefit as there was a decent market correction in February. I would have lost close to 20%. Instead, I lost about 5% and then quickly regained that and more by the end of the month.
  • Cryptocurrency – Holdings: 5,497.37 (+36.09%)
    Crypto has been hit hard this month and continues to take hits into March. I am still mining which contributes to growth in my holdings but I have lost a good portion of value from when it was at an all-time high in early January. I will likely buy in during March as the prices are too low not to. If you want to get started investing in Cryptocurrency, I suggest joining Coinbase. You can buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin currently.

February was a good month. Though it was quite a bit lower than January, I didn’t let my expectations get in the way of remaining grounded. I was able to get a lot accomplished in February, but I did have a few setbacks. The emotional high I was riding from things going so well in December and January wore off and I started to feel it. I try hard not to be, but I can easily be affected by a loss of momentum. I am trying to figure out how to course correct when I do lose momentum.

March will be interesting because a lot of Hill Media Group projects will be coming to a close. That will free up a lot of time to work on side projects. I need to continue to work on growing Hill Media Group, but the extra time will be nice to test out a few things.

Thanks for coming along. If you have any questions, please ask them in the comments section below.

Income

January 2018 Side Income Report

January 2018 Side Income Report

The winds are a-changin’. This January was what I will call a Unicorn Month. A Unicorn Month is a month where things were definitely out of the ordinary. I am always watching for opportunities and sometimes what I thought was the opportunity actually turned out to be something else.

In December, I started mining cryptocurrency. There has been a lot of people getting into mining and that has put real strains on the supply of mining hardware. This was already happening when I started buying my initial equipment. I had a lot of people come out of the woodworks wanting information about mining. I produced a video course titled “How to Build an Ethereum Mining Rig” which performed well during the month of January. I also started looking for alternative suppliers of Graphics Cards for Mining Computers. I was fortunate enough to get a large order of them, so I sold them on Amazon and eBay for a profit. I was able to sell so many of them that I paid for all of my mining equipment and am up about $2500 at the time of writing this.

I also started producing a lot of content on the topic of Crypto Mining on YouTube. I enjoy teaching and learning so it just made sense to start producing videos. I am also using these videos to market the course I mentioned earlier.

My YouTube channels continued to grow and saw consistent traffic as the holiday season came to a close. I saw a dip toward the end of January. Revenue was down since the holidays were over so from here on out the monetization revenue will reflect more realistic numbers. A major goal is to get that back up with content that is not so seasonal.

The growth I saw in December and the Unicorn month of January will offer me some additional freedom going into February so I can focus a bit more on my side income streams in between taking care of my existing clients with Hill Media Group. Not having to worry so much about bringing in new clients for a couple of months will give me that extra focus I need to keep things moving forward.

With that said, here is my Side Income Report for January of 2018. This year is off to a great start. In February I have started filming videos on a variety of topics that I post to this website as well as my personal YouTube Channel. Make sure to subscribe to my YouTube channel to follow along as I continue to explore new ways to grow my personal income.

January 2018 Side Income Total – $8,334.72 (+76.9%)

YouTube

  • StateOfTech – $901.99 (-39.89%) Subscribers: 26537 (+9.35%) Watch Time: 1,399,652 Minutes (+2.49%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos. There were a few videos added to the channel this month but my focus was on other channels.
  • Ditch Auto – $358.61 (-49.65%) Subscribers: 22053 (+6.37) Watch Time: 882,775 Minutes (-15.49%)
    This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials. Not a lot of content has been added to Ditch Auto this month.
  • Jerad Hill – $25.85 (-33.01%) Subscribers: 4736 (+2.35%) Watch Time: 33,316 Minutes (-8.68%)
    This is my personal channel which I do not post too often. In February I plan to start producing a daily video. I am not sure what this is going to look like yet but I am sure it will eventually add to growth.
  • AltCast – $0 (0%) Subscribers: 439 (+100%) Watch Time: 17,471 Minutes (+100%)
    AltCast is a new channel started January 2018 with a focus on alternative forms of investing and cryptocurrency mining. This channel will not be monetizable through YouTube until I reach 1,000 subscribers and hit 4,000 watch hours for the year.

Amazon Affiliate

  • Amazon Product Links – $1,704 .69 (+67.91%)
    I saw a huge boost in Amazon Affiliate sales this month due to the success of my Cryptocurrency Mining videos and the Mining Course. People were using my links to purchase parts to build their mining rigs. On top of that, I think that a lot of people received Amazon gift cards for Christmas and were spending them on items they found through my content.

Google Adsense

  • Google Adsense links/display – $93.58 (-49.62%)
    I cut some of the fat on a couple of my websites which will initially produce a decrease in traffic. I deleted a lot of content that I did not feel was relevant anymore. Many of these pages would generate a click or two here and there from organic search, but I deleted it all so that the search engines could focus on crawling quality content.

Jerad’s Courses

  • Paid courses on Jerad.Courses – $1,005.00 (+172.57%)
    The “How to Build an Ethereum Mining” course drove the growth this month. Cryptocurrency has received a lot of attention which has driven a lot of traffic to my videos which market my course. I have not done any marketing of this course yet other than linking to it from my YouTube videos.

Udemy.Com

  • Paid courses on Udemy – $968.48 (+196.93%)
    I decided to add my Ethereum Mining course to Udemy as well. Udemy organic drove most of the traffic to this course which means I received a much smaller portion of the sales than I would on my own website It took 3x the signups to Udemy to make this amount compared to what it takes on my own course website.

Other Income

  • Other monthly revenue streams from side work – $3,276.52 (+134.21%)
    My buying and selling mining hardware paid off as this month. I was able to make some solid side income from Amazon and eBay. I even made my employee James $2,500 as he had me sell the hardware he had purchased to start mining. I made a video explaining how I bet on Mining Hardware in January over Cryptocurrency, and it paid! I put this under other income because this is not a sustainable side income that will continue on. I am only able to sell mining hardware so long as there is a huge supply and demand issue. This revenue does not include what paid off my mining hardware. I was able to pay off all of my mining hardware with the profits and have money left over, which is what I have reported here, otherwise, this number would have been much larger. I will explain this more in the side income report video I will post to my YouTube Channel.

Investments

This is a new category that I am not including in my side income revenue because these are investments. In my opinion, these investments will not become income until I cash them out. In the future, I may break this out on its own as I have more content for this area. I have been investing on my own for a few years but I have not really taken it very seriously until late last year.

  • Stocks (Robinhood) – Holdings: $6,550.43 (-68.62%)
    In December I sold off all stocks that were not performing outstanding to fund the purchase of mining equipment for resale. My original holdings before the selloff were at $22,000 as of December 1st. I will talk about it more, but I am glad that I did. I would not have seen the huge drop in the Stock Market that happened in February. I invest in the Stock Market using the Robinhood App. I will be talking more about how I use this app on my personal YouTube channel and the AltCast YouTube Channel.
  • Cryptocurrency – Holdings: 4,039.42 (0.0%)
    Up until 2/8/2018 I held my crypto in various wallets with no simple way to get metrics on the performance of my holdings as the market fluctuates and new payouts from the mining operations are deposited. I have since started a spreadsheet to keep track of my holdings. I should be able to better report on the performance going forward. If you want to get started investing in Cryptocurrency, I suggest joining Coinbase. You can buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin currently.

What a way to start off 2018! I am excited to see where things go. I have prepared myself for a much lower February but I do not plan on letting grass grow under my feet. With all of my mining equipment paid off, I can focus on sharing revenues from my mining operations as well. I am still working out how I am going to add that into this report as what I earn from mining I see more as an investment than I do actual revenue.

Thanks for coming along. If you have any questions, please ask them in the comments section below.

Blog Income

December 2017 Side Income Report

December 2017 Side Income Report

Things are starting to get interesting as a lot changed this month. It is December, so most of my product affiliate links saw more action than normal but I also dove in head first into Cryptocurrency Mining. As I write this I am thinking back on what I was thinking when I decided to start investing in Crypto Coins and in Mining. I was a little scared, but I knew that I would miss the boat if I didn’t start right away.

In December I made a lot of changes to my investments. I don’t typically include investments as side income because I look at my investments as a long-term growth strategy. My strategy for buying and selling stocks is to continue to grow that portfolio into something I can use for retirement. The stock market has been good to me in 2017 but the growth is nothing compared to what has happened in Cryptocurrency in the last month.

I talked a lot about my mindset in a video I filmed on Building My First Ethereum Mining Rig, but I saw Cryptocurrency Mining as a less risky way to get into Cryptocurrency. If I was wrong, I could at least sell the mining rig or its components. Currently, I am posting weekly update videos to a new YouTube channel where I focus more on Cryptocurrency and Mining. It’s called AltCast. My goal is to talk about alternative forms of investing as well. Right now my topics are mostly Cryptocurrency and Crypto Mining.

I want to talk about the crazy things that have been happening in January so far but this blog is about December so I am going to try to stay on topic. You can follow me on Instagram, Twitter, and Facebook. I will try to share as much as I can there as it happens.

Towards the end of the month, I filmed a course titled How to Build an Ethereum Mining Rig. I had built a few at this point and had been answering a lot of questions online. The course went live a few days before the new year so it only sold a few copies. I’m excited to see how the course performs through January.

Traffic to the YouTube channels continues to grow. State of Tech and the new AltCast got most of the attention in December even though I wanted to give Ditch Auto more time. State of Tech has seen some growth due to the mining specific videos I posted. I thought about doing more mining content for State of Tech but I didn’t want to get too far off topic so I created AltCast to discuss investing and Cryptocurrency.

With that said, here is my Side Income Report for December of 2017. I am looking forward to seeing where things go in 2018 as I continue to explore new ways to grow my personal income.

December 2017 side income total – $3705.40 (+16.98%)

YouTube

  • StateOfTech – $1351.56 (+21.33%) Subscribers: 24167 (+6.48%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos. There were a few videos added to the channel this month but we did add a bunch of videos right at the end of October that was specific to the Samsung Galaxy Note 8. Those videos tend to take off a few months after they go live.
  • Ditch Auto – $595.45 (+36.25%) Subscribers: 20692 (+7.28)
    This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials. Not a lot of content has been added to Ditch Auto this month.
  • Jerad Hill – $36.07 (-0%) Subscribers: 4626 (+0.37%)
    This is my personal channel which I do not post too often. I do plan to do a lot more on my personal channel in the near future. I am just trying to decide what I want my focus to be there.

Amazon Affiliate

  • Amazon Product Links – $840.51 (+45.15%)
    With August being back to school, it makes sense that these numbers would be higher. The majority of the product links I have out there are for technology and camera equipment. We have not put out much content that includes product links so I don’t expect much growth here until Christmas shopping begins.

Google Adsense

  • Google Adsense links/display – $155.33 (+31.99%)
    I cut some of the fat on a couple of my websites which will initially produce a decrease in traffic. I deleted a lot of content that I did not feel was relevant anymore. Many of these pages would generate a click or two here and there from organic search, but I deleted it all so that the search engines could focus on crawling quality content.

Jerad’s Courses

  • Paid courses on Jerad.Courses – $74.00 (+100%)
    This is a new side income category. I have had this website live for a few years now but there has not been any paid courses on it until now. I expect a lot of growth here as I continue to produce content.

Udemy.Com

  • Paid courses on Udemy – $7.49 (-111.91%)
    I only have one paid course currently and that course is getting old. It needs to be refreshed. I have plans later this month to get new courses out that will be paid and to revise a couple of my existing courses to drive some return traffic to my instructor page.

Other Income

  • Other monthly revenue streams from side work – $645 (-34.62%)
    I turned off a couple of sources of this other income that I did not plan to maintain any longer. These sources really only brought in $20-75 per source and took an average of 3 hours per source. Not a good return on invested time, so they are gone.

I am excited about what 2018 will bring. I have a renewed vigor for improving my side income and a new goal I will announce with the January Side Income Report. I also plan to start filming some videos for my personal YouTube channel to discuss more on how I produce content that leads to the side income I am reporting in these blogs.

Thanks for coming along. If you have any questions, please ask them in the comments section below.

Blog Income

November 2017 Side Income Report

November 2017 Side Income Report

As predicted, November was a bit better than prior months. This happens often during the holidays. The biggest boost I saw in my side-income during the holidays was when the Hoverboard got popular. There was a couple of months where I was getting $2,500 to $4,000 just from Amazon Affiliate links alone. That died off of course as does any fad. Going into this holiday season I do not have any content that is somewhat going viral to help generate revenue. I have a few ideas that just are not going to make it in time unless I end up with spare time in December.

One area that saw decent growth was the Google Adsense links. Due to my recent hire, a lot of content was created for two of my websites that I have brought new traffic to those sites. Though there was only a small amount of growth in regards to the cost of producing that content, that new content will live on for months and hopefully will return on the investment.

This month I started looking into Cryptocurrency mining. I am very interested in mining Ethereum (ETH). I will be building a mining rig early December so there will be a new category in my side-income report. I plan to track what I have mined, it’s growth and the fluctuation in the market. Should be interesting to follow.

So let’s take a look at the report for the month of November 2017.

November 2017 side income total – $3124.74 (+32.44%)

YouTube

  • StateOfTech – $1091.08 (+32.59%) Subscribers: 21135 (+4.86%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos. There were a few videos added to the channel this month but we did add a bunch of videos right at the end of October that was specific to the Samsung Galaxy Note 8. Those videos tend to take off a few months after they go live.
  • Ditch Auto – $412.74 (+21.94) Subscribers: 19238 (+5.71)
    This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials. Not a lot of content has been added to Ditch Auto this month.
  • Jerad Hill – $36.02 (-6.15) Subscribers: 4592 (+0.20%)
    This is my personal channel which I do not post too often. I do plan to do a lot more on my personal channel in the near future. I am just trying to decide what I want my focus to be there.

Amazon Affiliate

  • Amazon Product Links – $530.89 (+57.02%)
    With August being back to school, it makes sense that these numbers would be higher. The majority of the product links I have out there are for technology and camera equipment. We have not put out much content that includes product links so I don’t expect much growth here until Christmas shopping begins.

Google Adsense

  • Google Adsense links/display – $112.49 (+48.73%)
    I cut some of the fat on a couple of my websites which will initially produce a decrease in traffic. I deleted a lot of content that I did not feel was relevant anymore. Many of these pages would generate a click or two here and there from organic search, but I deleted it all so that the search engines could focus on crawling quality content.

Udemy.Com

  • Paid courses on Udemy – $26.52 (+124.18%)
    I only have one paid course currently and that course is getting old. It needs to be refreshed. I have plans later this month to get new courses out that will be paid and to revise a couple of my existing courses to drive some return traffic to my instructor page.

Other Income

  • Other monthly revenue streams from side work – $915 (+33.0%)
    I turned off a couple of sources of this other income that I did not plan to maintain any longer. These sources really only brought in $20-75 per source and took an average of 3 hours per source. Not a good return on invested time, so they are gone.

Overall I am pretty impressed with this month considering the low effort. As I mentioned before, the holidays often boost these numbers. It is much more challenging to maintain these numbers during the rest of the year. I am sure December will be good and will probably be a decent month assuming the mining of Ethereum (ETH) goes well.

I plan to do some filming early in the month to try and get a few videos that would make sense for the holidays done, but I am not sure if I will have time. Hill Media Group is keeping me pretty busy going into December. Unless that lets up a bit, the December income report will just be true passive income.

Blog Income

October 2017 Side Income Report

October 2017 Side Income Report

I did mention last month that October was going to see a decrease in side income revenue. To recap, this is due to my inability to put much time into the below-listed channels. In August and early September, Hill Media Group saw an influx in new business, which left me with little time to work on my side-income channels. With that said, it is cool to see that I can take my eye off of these channels and still have some income from them. I recognize that I can not ignore them forever, but a month here or there is not going to kill them off.

Next month will show some growth due to the holidays approaching. Much of my content revolves around technology and photography gear so people often look for content to help make purchase decisions. I don’t see having much time in November to work on content but I am going to try to get a few things out at least.

October 2017 side income total – $2359.31 (-3.56%)

YouTube

  • StateOfTech – $822.89 (-9.53%) Subscribers: 20156 (+4.35%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos.
  • Ditch Auto – $338.48 (-3.15%) Subscribers: 18199 (+5.64)
    This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials.
  • Jerad Hill – $38.38 (+17.66%) Subscribers: 4583 (+0.31%)
    This is my personal channel which I do not post too often. I do plan to do a lot more on my personal channel in the near future. I am just trying to decide what I want my focus to be there.

Amazon Affiliate

  • Amazon Product Links – $388.10 (-26.46%)
    We have not put out much content that includes product links so I don’t expect much growth here until Christmas shopping begins.

Google Adsense

  • Google Adsense links/display – $75.63 (-30.6%)
    I cut some of the fat on a couple of my websites which will initially produce a decrease in traffic. I deleted a lot of content that I did not feel was relevant anymore. Many of these pages would generate a click or two here and there from organic search, but I deleted it all so that the search engines could focus on crawling quality content.

Udemy.Com

  • Paid courses on Udemy – $11.83 (+100%)
    I only have one paid course currently and that course is getting old. It needs to be refreshed. I have plans later this month to get new courses out that will be paid and to revise a couple of my existing courses to drive some return traffic to my instructor page.

Other Income

  • Other monthly revenue streams from side work – $688 (+32.82%)
    I turned off a couple of sources of this other income that I did not plan to maintain any longer. These sources really only brought in $20-75 per source and took an average of 3 hours per source. Not a good return on invested time, so they are gone.

Going into the holidays, things tend to slow down a bit. I hope that as the end of the year approaches that I will have extra time to work on content. Another area I plan to spend time in research is cryptocurrency. I have been watching Bitcoin since it’s inception and have had a lot of interest in mining. Perhaps mining will become another side-income channel in the future.

Check out the September 2017 financials.

Blog Income

My September 2017 Side Income Report

September 2017 Side Income Report

I have certainly let time get away from me this year. I mean, I meet all of my deadlines and don’t miss anything at work, but the goals I make for myself often get put off. My goal of reporting my monthly side income finances is one of those goals that quickly got put on the back burner.

I know we are supposed to be talking about September but October was a crazy month for me. I had two jobs out of state which took up just about two full weeks of the month. Both jobs were on the east coast. I felt it in my productivity and my ability to create content that would assist in my goal of increasing my side income.

With that said, a few things took place in September that was notable.

Toward the end of the month, I hired someone to assist with editing video. This part-time position was created to help us catch up on all of the video content we had filmed but had not yet edited. We had about 30 or so videos in the backlog. I will talk more about the progress here in Octobers post.

I am approaching some major milestones on Youtube. From here on out I will include subscriber counts to the YouTube channels and the increasing percentage as well. Though this report is about income and income is usually referred to in dollars, I also will be paying attention to reach. At this phase, I would prefer an increase in reach over income.

September 2017 side income total – $2446.50 (-17.56%)

YouTube

  • StateOfTech – $909.62 (+17.42%) Subscribers: 19314 (+5%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos.
  • Ditch Auto – $349.52 (+1.77%) Subscribers: 17227 (+6.04)
    This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials.
  • Jerad Hill – $32.62 (-2.51%) Subscribers: 4569 (+0.41%)
    This is my personal channel which I do not post too often. I do plan to do a lot more on my personal channel in the near future. I am just trying to decide what I want my focus to be there.

Amazon Affiliate

  • Amazon Product Links – $527.77 (-47.31%)
    With August being back to school, it makes sense that these numbers would be higher. The majority of the product links I have out there are for technology and camera equipment. We have not put out much content that includes product links so I don’t expect much growth here until Christmas shopping begins.

Google Adsense

  • Google Adsense links/display – $108.97 (-7.41%)
    I cut some of the fat on a couple of my websites which will initially produce a decrease in traffic. I deleted a lot of content that I did not feel was relevant anymore. Many of these pages would generate a click or two here and there from organic search, but I deleted it all so that the search engines could focus on crawling quality content.

Udemy.Com

  • Paid courses on Udemy – $0 (-100%)
    I only have one paid course currently and that course is getting old. It needs to be refreshed. I have plans later this month to get new courses out that will be paid and to revise a couple of my existing courses to drive some return traffic to my instructor page.

Other Income

  • Other monthly revenue streams from side work – $518 (-23.28%)
    I turned off a couple of sources of this other income that I did not plan to maintain any longer. These sources really only brought in $20-75 per source and took an average of 3 hours per source. Not a good return on invested time, so they are gone.

I like the color red on a car, not on income statements. I have not looked at the numbers for October yet but I am sure they won’t look much better. Unfortunately, I just have not had the time to spend on much. Unless I cut back somewhere, there is no room left for growth. This is why I have started removing some of the items that consumed a small bit of my time. Removing, even more, will allow for more time on my side projects.

October is going to tell a similar story as to September. I battled with not posting September or October at all, but that would not paint a very fair picture of reality. The reality is that sometimes I start things and don’t have the time I thought I would have. I often get into trouble in this way. I am learning that it has to do with some fear that I carry that stems from a need for security. It’s not completely unhealthy, but there have been times I have missed opportunities because I chose security over risk.

One last thing of note: Both of my brothers have now entered the realms of the self-employed. My middle brother bought a truck and started his own mobile diesel repair business. My youngest brother was doing some sales for a solar company and saw a need for solar panel cleaning. One of them is full-time self-employed and the other is on his way there. Pretty cool if you ask me.

Stay tuned for October’s numbers. I know I didn’t provide much hype, but I will be posting them soon.

Thanks for reading. If you want to connect, shoot me an email or contact me through social media. I enjoy connecting with others on Instagram, Facebook, and Twitter.

Check out August 2017 financials.

Blog Income

Going Public With My Financials

Going Public with my Financials

Over my years as a self-employed, I have always had some kind of work on the side that I have maintained. When I started in Photography, that was my side business. I started earning a few hundred extra dollars each month from side photography jobs and that continued to grow fast. When I started designing websites, it was a side business but in 2005 I made it my full-time business.

In 2007 when the first iPhone was launched, I started another side business reviewing apps. Years later that turned into a technology review YouTube channel which I still run (very much on the side) today. I mostly review and produce tips/tricks videos for technology that I use or purchase for work.

In 2014 I filmed a photography course which I put online for free. A year later I started a YouTube channel and started producing content around photography as well. The photography course took off and at the time I am writing this, has over 240,000 students that have taken the course. Unfortunately, I did not provide much follow up to that course to generate any revenue, but I have attempted to gather emails and engage with some of the students through a Facebook group.

I always have to be working on something. I spend the majority of my day focusing on creating for my clients. I pour a lot of thought and effort into their projects, but I still desire to work on something of my own, which is why I keep a couple of things going at all times.

In an attempt to be more accountable to my side projects I am going to start challenging myself to give some extra time to those projects. As my side projects produce more income, I can afford to work on them more. At this point, I am only able to work on them once I have completed all of my client work. That leaves enough time to work on them, but not really create on the level I really want to be at with these projects. That might require adding someone to my team who’s job is to help with the creation of the content I want to be producing. This will take more revenue.

I’m going public with my financials

Ok, so I am kind of going public with my financials. I am going to be sharing a monthly post that breaks down where all of my side income is coming from and how it’s growing. I am doing this because if it is not growing, change needs to happen, and this will help me visualize it. This will also keep the fire lit under my butt because who wants to read financial reports on something that is not growing. This will start out very rudimentary, but I hope to evolve it into something fun to look at and read. This has been something I have wanted to do for quite some time, but have not due to not having time to make it look awesome. NOT EVERYTHING NEEDS TO LOOK AWESOME JERAD! Ok, so it would be nice if it did, but for now, it’s just going to be a list.

I am not posting this information to show off or come across like I am bragging about success in any way. I am posting this information to be accountable and to show that you can earn enough money on the side to afford to take your family on vacation or put money into savings. The goal is not to be rich, the goal is to be comfortable and to have the freedom to choose my work.

To get started, I am going to post what August of 2017 looked like. I will explain what each of these items is in short and will post about them more in length at a later time. I plan to have revenue goals and reach goals as well. Reach goals will be around subscriber count, new students, and sign-ups.

My side income comes from a few different locations online. I am going to list everything that I plan to grow. Know that there are some small side income streams that I do not care to grow anymore so I will bunch those together into an “other” category which is where old side income revenue streams will go to die. The numbers below are gross revenue. In future months I will try to list expenses associated to having earned that income. Currently, I have some overhead that is shared between Hill Media Group and these side projects so some of the income reported below also has to pay for a portion of the overhead.

Current side income total – $2,967.69

YouTube:

  • StateOfTech – $774.62
    This YouTube channel is part mobile technology review videos and part tech tutorial videos.
  • Ditch Auto – $347.75
    This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials.
  • Jerad Hill – $33.46
    This is my personal channel which I do not post too often. I do plan to do a lot more on my personal channel in the near future. I am just trying to decide what I want my focus to be there.

Amazon Affiliate:

  • Amazon Product Links – $1,001.61
    These are a bit hard to track because I have one Affiliate account that has links spread across a couple of websites and YouTube channels. Typically, if I am not making new videos, I see a major dip in revenue from Amazon Affiliate links.

Google Adsense:

  • Google Adsense links/display – $117.69
    Adsense links are also a little hard to track because I am using one account to manage ads placed on a few different sites and I have not yet segmented out those ads so I can see which are performing well and which are not. This is an area for growth for sure.

Udemy.Com

  • Paid courses on Udemy – $17.36
    Most of my courses are free. My goal was to produce free courses and then have a paid course as the next step. The problem is that I never produced any of those paid courses. I have one course that gets one or two new sign ups each month producing a tiny revenue but I list it here because I plan to grow this.

Other

  • Other monthly revenue streams from side work – $675.20
    I will elaborate more on this “other” category in the future. This amount is nothing to be upset about and some of you will wonder why I am not trying to grow it. This section represents income from about 8 different locations and it will take a lot of work to continue to grow it.

I do have other monthly revenue streams such as the income earned from Hill Media Group and my Photography work. My main work is what pays the bills. The goal here is to increase my monthly revenue from my side projects and eventually try to narrow my focus. As I mentioned before, the purpose of this post is to be public about my side work financials for accountability and to keep me motivated. I do hope that this information motivates others as well. This is very much side work for me. Some months I put 20 or so hours into this, other months it’s less. If I devoted a bit more time and focus to these projects, I would see substantial growth, and that is the goal here.

In sharing this information, what is something you are currently doing on the side? Are you earning any income from it and would you want to if you could? I would love to hear your thoughts or comments below.

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