Welcome to my Passive Income report for May 2018. I am excited to report growth in May and am looking forward to June. May was a busy month personally, so I didn’t get to spend as much time on growing passive income streams as I would like, but it is nice to see that growth can still happen if I continue to produce more content that has value.
I am realizing that I need to increase the production value of my YouTube videos. The content is great, but the production value is just lazy. Other creators are stepping up their production quite a bit. People are expecting more out of the videos they watch. I need to focus more on producing an all around great video rather than just trying to get something out in a timely manner.
Traffic to my websites saw a boost in May, but I need to be more consistent with creating content there as well. Having videos transcribed has helped quite a bit with search engine ranking but a direct transcription of a video is not providing the best experience for those who land on this written content. I need to take my videos and turn them into a well-organized article with quality photography when necessary.
It’s hard to do all things well. That is why most people focus on only doing one or two things to the best of their ability. I have never been that way. I want to do all things and do them to the best of my ability, but I know that to be near impossible. I give myself eight hours each day to work and I don’t work weekends. I either need more manpower or I need to scale back in a few areas. I guess I have some thinking to do over the next few weeks.
Going into June, I have a lot on my calendar in regards to family time. We have something scheduled each weekend through the end of summer with family events and other short trips scattered throughout June and July. It is going to be hard to focus on Passive Income Growth so I will take time when I can find it to create. Summer is a prime example of why I am doing this. I will have extra income in June and July because I have done this work. Passive Income is providing more freedom for me this year than I had last year, and that was the goal. I am getting closer to replacing my families income needs and feel 100% confident that I will be able to pull that off well before the end of this year.
Later this year I will bottle up everything I learned growing my Passive Income (Side Income) from a few hundred dollars to what it is now in under a years time. People ask me about these monthly Passive Income Reports all of the time. I know there is a huge need for education on building passive income streams from someone who actually has proof they are doing it.
Make sure to subscribe to my YouTube channel to follow along as I continue to explore new ways to grow my personal income.
May 2018 Side Income Total – $4,698.92 (+17.33%)
- StateOfTech – $1,378.28 (+39.55%) Subscribers: 31,567 (+5.57%) Watch Time: 1,507,912 Minutes (+28.93%)
We have released a lot of videos over the last few months and the numbers are reflecting that. We broke through the 30,000 subscriber mark as well. This is a huge milestone and has given me a fierce desire to grow this channel. I still feel that I need to narrow down the topics a bit to appeal more to a specific audience. With over 1.5 million minutes consumed each month, we should be growing at a subscriber rate greater than 5%.
- Ditch Auto – $522.90 (+24.78%) Subscribers: 27,311 (+5.30%) Watch Time: 904,417 Minutes (+11.14%)
I was able to get a few new videos live this month. I am looking more into affiliate programs in the photography space to grow revenues and seek out new opportunities. A video I did for a Peak Designs Camera Bag brought in over $175 in affiliate commission. Over the next few months, I am going to try to bring on a few more affiliate programs for products I believe in.
- Jerad Hill – $57.64 (+27.72%) Subscribers: 5302 (+0.34%) Watch Time: 40,005 Minutes (+7.53%)
I didn’t upload as much in May to this channel as I have in the previous few months, but the transcriptions of the videos I have been posting have been helping grow traffic to my blog, which has these videos embedded. My income reports have also been getting talked about a bit which has resulted in more views and subscribers. Looking forward to growing this channel as I would love to catch up to State of Tech and Ditch Auto.
- AltCast – $0 (0%) Subscribers: 1,718 (+3.99%) Watch Time: 34,106 Minutes (+4.51%)
AltCast is a new channel started in January 2018 with a focus on Cryptocurrency Mining. I am not sure what I want to do with this channel. I have not been doing much with Cryptocurrency Mining over the last few months other than just making sure my mining rigs continue to run. I sold off some of the hardware so I only have two rigs left. I think I am going to need to pivot and come up with another topic for this channel in order to keep moving forward with it.
- Amazon Product Links – $804.83 (-4.28%)
This last month I have been publishing a lot of informational content rather than product reviews which is where most of my Amazon revenue comes from. I need to start doing a better job representing products in my videos without the video having to be a review for an exact product.
Want to show me some love on Amazon? Use this link the next time you go to purchase something on Amazon.
- Google Adsense links/display – $42.10 (+42.9%)
As I mentioned last month, I have been publishing more content on the two sites I monetize with Adsense. This shows up in the numbers. Though it is only $42, that also represents a huge bump in traffic to these websites. In order for adsense revenue to almost double, traffic to the site had to almost double. I am glad to see some forward momentum after how the last several months have been.
Sites with Adsense Integration: StateOfTech.Net, DitchAuto.Com
- Paid courses on Jerad.Courses – $49.00 (-50%)
The Mining Rig Course is definitely not producing like it did for the first three months of this year. On this site alone, that course produced just over $3,300 in income. Not too bad, but I was hoping for more. I should have more aggressively marketed that course while the interest in mining was still high.
- Paid courses on Udemy – $163.17 (+32.97%)
Just like with my personal course site, the revenue has bottomed out here on Udemy. To date, the Mining course has brought in just over $2,300 on Udemy.
- Other monthly revenue streams from side work – $1,681.00 (+14.98%)
Over the last few months, I have started to build content for a few small affiliate programs that will eventually become their own category in this income report. The affiliate programs are for products I have reviewed or produced other content for. In the next few months, I will break apart this category a bit to further explain what it is made up of.
I didn’t touch my investments this month. My stock holdings in the Robinhood app grew at a decent rate but my cryptocurrency holdings decreased a bit after last months rebound. Nobody knows where Crypto is going. I know it is not going away, but it’s hard to tell where it will go in regards to value over the following months. 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: $10,402.92 (+13.24%)
Continuing to see good growth here. I did not put any money in this month so the improvement here is all market growth. Hopefully next month I can throw in an extra $500-$1,000 to purchase more stock. There were a few stocks that bottomed out in early May that I wish I had the extra money to buy as they saw a solid rebound in May. I need to make sure I have money set aside for opportunities I see like this.
- Cryptocurrency – Holdings: $6,033.52 (-9.92%)
Last month I was happy to see things rebound a bit. There was not a lot of excitement here in May. I did sell off some of the GPUs from one of my Ethereum Mining Rigs and stopped mining ZCash altogether. I am continuing to mine with 375mh/s of power going to Ethereum.
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.
May was a pretty good month. All of these revenue streams continue to grow organically. I have not partnered with anyone or attempted to collaborate with other creators yet. I feel that this is one of the next areas of growth for me. There are opportunities for growth in these partnerships. I have used my location as an excuse and I need to stop there. There are creators near me, I just need to find them and partner with the ones who make sense.
Thanks for coming along. If you have any questions, please ask them in the comments section below.