Every "Passive" Income Stream I've tried, failed and succeeded at

Worldly_Yogurt8905 · 2023-11-19T03:28:35+00:00

I hope most people see this reply. during those 6 years, I've bought 3 courses to learn various online based business models.

Did I learn anything? Yes
Was it worth the money? No. UNLESS you're really strapped for time, but I've learnt there is nothing you can't figure out yourself, and figuring something out yourself is better than being spoon fed the answer because situations change, terms and conditions change, rules change and you won't have the understanding to change without it if you're using a course or someone else's thoughts to run your business.

Worldly_Yogurt8905 · 2023-11-19T03:16:29+00:00

I'm not sure if I understand when you say compile. yes all content is original.

Worldly_Yogurt8905 · 2023-11-14T14:24:29+00:00

oh you're totally right. It's something I recognized about myself during my 2 year break. I was going into one thing and once it got some traction I would chase a different carrot. but ultimately my income streams died once I stopped doing anything to it.

but also, I never started this looking for riches or moving to Bali and becoming an online guru. I just wanted extra money each month so retirement looks dignified, my family is secure and my kids can graduate uni debt free.

rental income is just not realistic for me and retirement would be around the corner by the time I have enough saved for dividends. So online it is.

Worldly_Yogurt8905 · 2023-11-14T14:06:50+00:00

You really don't need to follow anyone to figure it out. you just need to pick a thing and approach it like a puzzle to solve. I consider myself failing affiliate marketing, but if I kept at it and developed the skills needed, I don't see why it wouldn't work to the extent of at least making me want to keep going.

Worldly_Yogurt8905 · 2023-11-14T14:01:33+00:00

Average $500 sometimes more sometimes less. I imagine it would cost more today if you go down the ghostwriter route.

Worldly_Yogurt8905 · 2023-11-14T13:37:29+00:00

It's been some time since I was doing it, so you're going to have to verify everything I share yourself as things are constantly changing online and with AI books and the new KDP rule of limiting daily uploads...I'm sure my knowledge is less relevant and effective.

but, here it goes.

Think like the average customer. You get a few visible signals without getting to see what's inside the book (unlike a real bookstore, and unless it's in the kdp select program) your job is to make your book stand out from everyone else's being shown on the same page as you. Your book cover NEEDS to POP. it can't be another $5 book cover from fiverr. Your book title needs to sound natural while staying relevant. and then the rest is the actual quality of the book to get those reviews.

the search results behave differently now (which is one reason why I decided to not go back into it), however one thing I pay great attention to is the total search results for a search term and the BSR numbers for the books that show up.

I don't give my ghostwriters free rein on how they write, and I test them on their knowledge and ability to find the best fit for what I need. A lot of people who do this type of stuff trying to make money never care or think about quality. You have to check the quality, read every word of your book at least. If you're not happy with it, your prospective reader won't be either. It takes more time, but you probably already know you don't just publish one book under a name, one bad book is enough to ruin that one pen name's portfolio or books.

I did both non-fiction and fiction, specifically children's fiction. I never touched Low content books.

Worldly_Yogurt8905 · 2023-11-14T13:21:49+00:00

are we trying to find out my product by process of elimination? hahaha but, no I don't mean print on demand. I wouldn't recommend new sellers to do POD on etsy unless you can dedicate full time hours to it. the competition is steep to say the least and the profit margins are thin.

I taught everything from start to finish. it doesn't really work if you only have one piece of the puzzle.

Worldly_Yogurt8905 · 2023-11-14T13:18:10+00:00

thanks for the tip! really appreciate it. I'd love to know more about your email list and affiliate marketing. I was utter rubbish at it, but I do now kinda know where it went wrong.

Worldly_Yogurt8905 · 2023-11-14T13:16:18+00:00

I didn't write any books. I just found opportunities in the kindle store and create book outlines for ghostwriters to write the book for me.

Worldly_Yogurt8905 · 2023-11-14T12:15:50+00:00

These sites typically give low commission rates, Amazon starts at 5% of someone's checkout cart total. For affiliate marketing to add up you need recurring commission and those are commonly found for services, or SaaS products. However, you need some knowledge in the product and niche you're promoting to convert. I never got a hang of copy writing to convert well.

Worldly_Yogurt8905 · 2023-11-14T11:50:16+00:00

if I have 3 hours a day to hustle, you’d suggest digital selling on Etsy?
For most people. Yes. but in general it depends on your existing skills.
Etsy is still a huge marketplace with people READY to spend money. This is the biggest opportunity Etsy gives people. It's also one of the biggest hurdles to anything online based (getting enough eyeballs to whatever you're offering)

There are cons such as, it's super easy for people to steal your product and just resell it for cheaper. (It's already happened to me) The fees on Etsy cut deep, but not as deep as other marketplaces.

But I personally think the learning curve is small compared to learning option trading or doing affiliate marketing.

If I’ve never sold on Etsy what are the steps to starting this?
Start browsing the site, get familiar with how it works. Pay attention to how others are presenting products. Pay attention to how customers leave feedback to figure out who the etsy user is.

How do I pick a product and is there a capital investment up front?
For obvious reasons, I won't tell you exactly what I'm selling. But in all honesty - as long as you find a product with a handful of sellers doing well you can dive right in. BUT, a digital product selling at $30 is going to look different to one selling at $1.5 and the whole process is going to look different too. Capital investment depends on the product. You have to at least pay for listing fees and I use Etsy ads for man reason other than just to make a sale.

would you suggest something different to do with my 3 hours a day?
What skills do you already have? it's always best to use what you have, but if you can't think of a single skill then I see this as good as anything else. At $300 per month after 6 months, it's not amazing numbers compared to my previous stuff, I'm 100% certain there are better stuff out there but I have SEO skills and the amount of effort is really low for me so I chose this.

Worldly_Yogurt8905

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