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Income

May 2018 Passive Income Report

May 2018 Passive Income Report Jerad Hill

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%)

YouTube

  • 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 Affiliate

  • 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

  • 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.NetDitchAuto.Com

Jerad’s Courses

  • 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.

Udemy.Com

  • 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 Income

  • 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.

Investments

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.

 

May 2018 Passive Income Report Jerad Hill May 2018 Passive Income Report Jerad Hill

Income

April 2018 Passive Income Report

April 2018 Passive Income Report

Welcome to my Passive Income report for April 2018. April was a month of reflection as I looked back over everything I have been doing over the past five months since I really started getting serious about replacing my regular income with passive income. Looking into how I have been spending my time revealed to me a few things which I will discuss here and explain how I plan to fix them.

The big elephant in the room is the topic of cryptocurrency. There were some huge opportunities for me in the crypto space which I took advantage of, but they were short-lived, kind-of. Though my cryptocurrency holdings are recovering well (see below), mining with the current equipment I have is getting more challenging. Though crypto pricing is back up to around where it was in early December of last year, the difficulty to mine has increased quite a bit. With that said, I am still able to turn a profit due to having paid off my mining rigs so quickly. With my current set up, I can still mine $1,500 US worth of crypto in a month. My electricity costs are about $400/mo so that puts me at a profit of $1,100 per month.

The mining rigs do not take much to keep up but with summer approaching, I have some big decisions to make with where they are currently running from. I need a proper cooling system to keep the rigs and the room temperature down. I estimate that increasing my electricity costs substantially right away. Last summer in Modesto, CA we had over three months of 95+ degree temperatures. It was 84 degrees out the other day and the room temperature near the rigs was 112 degrees. So in regards to cryptocurrency mining, I need to look at my options. I will explain more in my next Mining Update video on the State of Tech AltCast YouTube channel. What I really need is a solar solution.

Another source of income over the past few months has been my How to build a Mining Rig Course. With the crypto pricing correction and the crazy prices of mining hardware, the interest in mining has gone way down as well.

I have been putting out a lot of videos but this is the time of year where most will see a slight dip in their average view counts anyway. YouTube has been making a lot of changes to their suggestion algorithm which has helped some of my videos while at the same time hurting others. This is an ever-changing process toward growth.

This is why I am doing all of this on the side while keeping my core focus on Hill Media Group. I have learned a lot over the past six months, especially in the cryptocurrency world. I would not trade that new knowledge for anything. I’m still making money.

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

April 2018 Side Income Total – $4,004.92 (-18.2%)

YouTube

  • StateOfTech – $987.69 (-11.76%) Subscribers: 29,902 (+0.44%) Watch Time: 1,116,955 Minutes (-4.53%)
    This YouTube channel is part mobile technology review videos and part tech tutorial videos. After a huge month of new content last month, April slowed a bit which brought me back to normal. Each month I am getting better at determining what content this audience wants.
  • Ditch Auto – $419.07 (-4.93%) Subscribers: 25,935 (+4.64) Watch Time: 813,763 Minutes (-1.67%)
    Ditch Auto is a YouTube channel around the topic of Photography. I added a few videos in April but have not had much time to do more than review a few products. The product review videos do not do as well for YouTube growth as educational videos.
  • Jerad Hill – $45.13 (+5.27%) 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 am starting to see very slow growth here. Trying to figure out my voice and what topics are best for me to focus on.
  • AltCast – $0 (0%) Subscribers: 1562 (+8%) Watch Time: 32,634 Minutes (-49.59%)
    AltCast is a new channel started in January 2018 with a focus on Cryptocurrency Mining. Growth is slow here due to the decrease in interest in mining Cryptocurrency. I still need to reach 250,000 watch minutes in order to monetize this channel. I am currently at around 185,000. I feel like I will need to pivot here in order to regain growth and bring this channel to monetization.

Amazon Affiliate

  • Amazon Product Links – $840.86 (-13.52%)
    Nothing really new to report here except that I am playing around with my own redirect links to Amazon so I could more easily fix links when a product on Amazon goes out of stock. Want to show me some love on Amazon? Use this link the next time you go to purchase something on Amazon.

Google Adsense

  • Google Adsense links/display – $29.46 (+6.7%)
    I may finally have seen the bottom of the drop from Google’s Algorithm change earlier this year. I have been posting some of my videos on my websites with short articles which could also be helping. Next months report should show some additional growth here as well because I have been having some of my videos transcribed and that should help with SEO. Will be interesting to see if there was any value in doing that work.
    Sites with Adsense Integration: StateOfTech.NetDitchAuto.Com

Jerad’s Courses

  • Paid courses on Jerad.Courses – $98.00 (-84.61%)
    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 $3,200 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.

Udemy.Com

  • Paid courses on Udemy – $122.71 (-63.43%)
    Just like with my personal course site, the revenue has dropped a bit on Udemy. To date, the Mining course has brought in just over $2,200 on Udemy.

Other Income

  • Other monthly revenue streams from side work – $1462.00 (+10.62%)
    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

I was right about last month being the bottom. Things have started to recover as you can see in my holdings below. I put an additional $500.00 into stocks with Robinhood but the rest of the growth was due to stocks recovering value. Crypto has recovered nicely with almost a 100% recovery over last month. I have not put any additional money into cryptocurrency but I have continued to mine crypto through the entire month of April. 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: $9,186.30 (+23.21%)
    As I mentioned above, I put $500 into stocks this month and saw some recovery on some other stocks I had that dropped last month. This month I am up and it looks like that will continue into May.
  • Cryptocurrency – Holdings: $6,698.15 (+92.36%)
    I was right about March being the bottom. As you can see, my crypto holdings are recovering at a nice pace. I am continuing to mine with 720mh/s of power going to Ethereum and 3,200 sols/s going to ZCash.
    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.

April was a mixed bag. I still need to figure out a good flow for content release so my audiences know what to expect from me. I need to work on a path that I hope to guide them through. I really need to get serious about updating some of my older courses and producing some premium content for my students as well.

I am considering doing more than just reporting monthly on my progress. I have received a lot of questions from people who want to know more about what I am doing. In a perfect world, I would be producing videos a couple of times each week on this, but that just isn’t sustainable at this time. Maybe a thought for the future.

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

April 2018 Passive Income Report

Income

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.

March 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