It’s that time again! Every three months I detail all the passive income my business generates. Passive income is money you can earn in your sleep. Look at the nice photo of a cat sleeping. I add cat images to all my income reports just to annoy SEOs.
Passive income is money you earn from an asset – for example, a digital product. The more you sell, the more money you make without having to work more. My passive income reports always generate interest and other businesspeople find them useful. However, being transparent with your businesses income is not always easy and it does attract a certain amount of negativity.
My passive income
First we start with the revenue. Where am I earning my passive income? What’s going up and what’s going down?
Last quarter I made $16,027.20 passive income profit. The target for this quarter is $20,000. Let’s get going!
Udemy
Udemy is an online learning platform that has been my most consistent passive income earner to date. As you can see from the image below, I’ve nearly earned 6 figures from Udemy in less than 3 years on the platform. $50k of that in the last year (2015).
| Period | Revenue |
|---|---|
| 2015 Q1 | $15,659.30 |
| 2015 Q2 | $11,381.66 |
| 2015 Q3 | $11,646.15 |
| 2015 Q4 | $11,520.76 |
Udemy annual total for 2015 is $50,207.87.
It’s not all good news. I haven’t been selling quite as much as I did towards the end of last year. This quarter, again, we only got only $11,520.76 – less than the $15+k quarters of a few months back. Not sure of the reason for this lower plateauing. However, I will continue on Udemy for the foreseeable future.
Skillfeed
Skillfeed, another online learning platform, decided to shut up shop on September 30th 2015. This is a cautionary tale as to the pitfalls of passive and online income. You can’t rely on anything. Platforms come and go. Never, ever, ever assume that any source of passive income is going to stay.
| Period | Revenue |
|---|---|
| 2015 Q1 | $1,190.05 |
| 2015 Q2 | $1,201.46 |
| 2015 Q3 | $811.79 |
| 2015 Q4 | $141.95 |
Skillfeed annual total for 2015 is $3,345.25. Next year: it’ll be zero! 🙁
Skillshare
Skillshare is hopefully going to be the new Skillfeed for me.
| Period | Revenue |
|---|---|
| 2015 Q1 | $531.16 |
| 2015 Q2 | $852.27 |
| 2015 Q3 | $921.05 |
| 2015 Q4 | $820.06 |
Skillshare annual total for 2015 is $3,124.54.
Other online learning platforms and deals sites
I’m continuing to experiment with other online learning platforms and deals sites to sell my courses. Stone River eLearning made me: $186.26 this quarter. And, Dealfuel, which is a “Deals” site, made me $350.17 in revenue in the last three months.
Here’s a video about alternatives to Udemy.
Amazon Kindle
Kindle publishing is great for promotion of a brand. Imagine how great it would be to say: I’m an Amazon Kindle bestselling author. Here are the books I’ve written over the last two years or so:
- Running A Web Design Business From Home: How To Find and Keep Good Clients and Make Money with Your Home Business
- How To Sell Video Courses Online: How I make $2000+ passive income every month
- From Freelancer to Entrepreneur: Escaping work and finding happiness
- Build a Brand, Create Products and Earn Passive Income
- Create the Website You Want with WordPress
- Free Your Thoughts: How I Re-programmed Myself For Happiness And How You Can Too
- Free Yourself, Leave Your Job and Be Your Own Boss: A Guide for Entrepreneurs
| Period | Revenue |
|---|---|
| 2015 Q1 | $1694.01 |
| 2015 Q2 | $1301.56 |
| 2015 Q3 | $1393.91 |
| 2015 Q4 | $894.09 |
Amazon Kindle annual total for 2015 is $5,283.57.
This has been an interesting quarter. I decided last quarter to stop writing Kindles temporarily because Udemy gets me so much more money and exposure in comparison. I really want to relaunch some old titles but I haven’t found the time to re-write them so far.
The red line above constitutes book sales. The peak at the beginning is from the end of the launch of my last book. The peak at the end presumably represents a surge of interest in entrepreneurial books after Christmas.
The blue line above are the amount of pages read by the people who’ve “borrowed” or downloaded my book through the Kindle Unlimited program. I have been making less money since Amazon changed the commission structure for Kindle Unlimited.
| Period | Number of books sold |
|---|---|
| 2015 Q1 | 494 |
| 2015 Q2 | 1119 |
| 2015 Q3 | 1126 |
| 2015 Q4 | 527 |
Number of books sold annual total for 2015 is 3,266.
My membership site
I sell longer versions of my courses on my membership site. Check out my courses.
| Period | Revenue |
|---|---|
| 2015 Q1 | $3,681 |
| 2015 Q2 | $851 |
| 2015 Q3 | $2,405.01 |
| 2015 Q4 | $1,836.03 |
My membership annual total for 2015 is $8,773.04.
I’m going to be making much more from my membership site next year. I’m going to be investing time and money into retargeting and email marketing. There is huge potential here.
Google advertising income
This is revenue from ads on my YouTube channel as well as a little bit of Adsense on my website.
| Period | Revenue |
|---|---|
| 2015 Q1 | $372.84 |
| 2015 Q2 | $324.89 |
| 2015 Q3 | $295.96 |
| 2015 Q4 | $222.02 |
Google advertising income annual total for 2015 is $1,215.71
Affiliate sales
I am an affiliate for certain products that I recommend or mention on this site. I get a commission if a sale is made through one of my affiliate links. The links below are affiliate links!
| Affiliate product | 2015 Q1 | 2015 Q2 | 2015 Q3 | 2015 Q4 |
|---|---|---|---|---|
| Genesis WordPress theme | $777.95 | $240.28 | $298.14 | $566.62 |
| WPML WordPress Multi-Lingual plugin | $712.00 | $675.00 | $296.00 | $180.00 |
| Aweber email marketing and delivery | $ 77.70 | $ 86.40 | $104.70 | $ 87.30 |
| Others | $430.77 | $504.48 | $521.20 | $589.06 |
| Total: | $1998.42 | $1506.16 | $1220.04 | $1,422.98 |
Affiliate product annual total for 2015 is $6,147.60.
Others this quarter include:
DreamHost: $151.16
GravityForms: $7.80
WishList Member: $83.10
Your Facebook Challenge Solved: $247.00
Hostgator: $100
Total revenue
So, if we add it all up. My passive income revenue in the third quarter of 2015 was: $17,394.32 that’s down from $19,027.20 last quarter. The reduction comes from less SkillFeed income (as SkillFeed shut up shop), less Amazon Kindle income and less membership site income.
Expenses
Here are the expenses I’ve incurred for this quarter.
| What? | How much per quarter? |
|---|---|
| Outsourcing | $800 (est.) |
| Hosting (LiquidWeb) | $270 |
| Email marketing (Aweber) | $400 |
| Cloud storage (Dropbox) | $30 |
| Video storage (Vimeo) | $30 |
| SSL (Godaddy) | $15 |
| Domain registration (NameCheap) | $25 |
| Total | $1570 |
This may be the last income report with expenses. I have always strived to provide accurate figures so that other entrepreneurs get value from these reports. I wanted to go one step further and in 2015 I subtracted expenses from the passive revenue to prove that you can use a blog to generate passive income profits from nothing.
Passive income is horse shit? Share on XSome of the talk on the blogosphere is very negative. Some high authority bloggers say “passive income is horse shit” or “there’s no such thing as passive income”. I can see why they’re saying this – they don’t want to over-hype it – but their overall message is off-putting to entrepreneurs.
I wanted to show people that they can do it. You can build a passive income profit machine from nothing. That’s what I did.
Unfortunately this has caused me two problems:
- Haters. I have been targeted by a semi-influential rating website who’ve labeled me as a scammer because I talk about passive income. This could have a negative effect on my Facebook traffic.
- Myself. I have felt inhibited to invest my profits back into my business in order to keep the profit figures up.
For the above two reasons, I will stop publishing the expenses and I’ll probably stop publishing income reports.
This quarter’s total passive income profit
So the revenue ($17,394.32) minus the expenses ($1570) is … $15,824.32 which is, again slightly down on last quarter’s $16,027.20 – and still far from my best.
This year’s total passive income profit
This year I earned a total of $68,548.13 in 2015, compared with $54,506.55 in 2014, $15,803.90 in 2013, $8,553 in 2012.
This increase looks modest compared to the previous years (well short of my $150,000 target 🙁 ). This reflects both taking the expenses away from the 2015 figures as well as my reluctance to invest in the business.
Remember the passive income is only a part of my business. I also run a web and graphic design business. I’ve never published the profits I make from clients.
However, if you add the money from the active income to the passive income it comes to well over $100,000. So I’m now the proud owner of a 6-figure business! 🙂
Comparison with previous quarters
| Period | Revenue |
|---|---|
| H1 2012 | $3331.07 |
| Q3 2012 | $2,447.10 |
| Q4 2012 | $2,611.03 |
| Q1 2013 | $2,036.93 |
| Q2 2013 | $3,949.05 |
| Q3 2013 | $5,191.36 |
| Q4 2013 | $4,626.56 |
| Q1 2014 | $7,215.82 |
| Q2 2014 | $10,230.49 |
| Q3 2014 | $15,435.79 |
| Q4 2014 | $21,624.45 |
| Q1 2015 | $23,118.12 |
| Q2 2015 | $13,578.49 |
| Q3 2015 | $16,027.20 |
| Q4 2015 | $15,824.32 |
Target for next quarter and next year
My target for next quarter, Quarter 1 2016, is: $20,000 passive income (again).
The target for this year, 2016, is $150,000 passive income (again).
Previous passive income and business reports
H1 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
You can do it
You can make this much passive income if you just follow what I’ve done.
I’m interested to hear what you think in the comments.
You can create a passive income earning machine from nothing Share on X
Congrats Rob on a great year! I know things seemed to slow down throughout the year, but you’ve invested a lot of time in creating great products. You give away so much great information. And while I’ll be sad to see your income reports go (if it comes to that), I understand the reasoning for it. Here’s to an amazing 2016! I’m sure it will be better for the both of us!
Cheers,
Phil
Hi Phil, you know that you and your income reports are a huge inspiration to me? Yes, Udemy especially did slow down for me and I’m not completely convinced of the reasons behind this. There is a little more competition from excellent instructors, yes, and the new courses I’ve made this year maybe weren’t the right courses in terms of demand. But, who knows. I have continued to grow my portfolio of products.
I have great plans for the coming year and I hope to show my audience how to take things to the next level.
All the best, Phil. Keep on what you’re doing!
Well done Rob. The idea of Passive income sounds promising, I’m an aspiring graphic and web designer, that would like to do what you do. Live life on your own terms rather than a slave to a 9-5 rat race form of living. I think I’ve bought all your courses and I know it all takes a while and dedication, there’s no quick fix. However there’s one thing that I would like to ask you.
Maths is my kryptonite I’v never been good at it, would you say you have to be very good at it to be successful in this?
Nooooooo! I really wouldn’t worry about maths! Every entrepreneur has different skills and, trust me, you’ll find that some entrepreneurs are great at maths and some are really bad. Same with web designers. Honestly, Neil, that’s the last thing you should be worrying about 🙂
Ok cool, cheers!
Rob, thanks for sharing your quarterly income report. It’s nice to see what’s feasible when one follows your advice.
Please reconsider keeping your expenses on your reports. These are real costs that your business incurs, and it’s helpful to see the more complete picture, warts and all. Besides, any fool could spend a lot of money to make a fraction of it back … Your relatively low but realistic expenses prove that you’re not a scammer!
Thanks for your comment, Joe, and I take your advice. I will explain in more detail about the expenses soon.
The expenses are low at the moment but I’ve got a surplus in the business and will invest heavily in the coming months. It’s not unusual for businesses to invest 100% of their profits to ensure future growth. Some of the investment will pay off; some of it won’t. I will share what I’ve done in blog posts as I always do but I don’t want to share all my spending decisions when some of them will be wrong and unhelpful.
It’s a tricky one, to be honest.
Hey Rob!
i’m very impress…..your work is very good and I appreciate you and hope i’ll reach this target 😛 😀 soon
cheers!
Harsh Chaklasiya
Thank you, Harsh. I hope you reach your target too!
But the mistakes can sometimes teach others so much, Rob. I hope you will continue to publish the income reports with expenses. It’s encouraging! If not for everyone, perhaps to your FB group that I’m in. 🙂
Congrats Rob! I appreciate your transparency, yet can see how it attracts haters. It’s inevitable when you put yourself “out there” in any way.
As far as those who call passive income horse poop – I don’t know who they are or exactly what they say, but I’d say it I a bit of a misnomer in that you have to work incredibly hard to set up “passive” income. That’s my take, anyway.
As for me, I’m excited to be getting back into a more “active” earning business after years of not fulfilling my calling in the online world. Not giving up, but not pursuing it right now. Bottom line is I want to design. Not interested in teaching, videos, live streaming, webinars, managing a team, or any of that!
Have a great 2016!
That’s interesting, Louise. The things is I got bored to doing design for clients many years ago which is why I was happy to go down this road.
Yes, I did work at the passive income but not as much as everybody thinks. I had to blog in order to get clients for my active business so in a way the effort to build the audience came as a by-product of running a design business and therefore wasn’t effort towards passive income. And then creating the products wasn’t difficult or time-consuming for me because I was used to creating content.
I’m still learning from following you, Louise, so I hope you keep on. 🙂
Thanks Rob. I’ve never worried that my content isn’t good. It’s just that I can NOT find a way to monetize it that I find fulfilling. Heavens knows I’ve tried! Almost 4 years and about $10,000 in coaching and training. I don’t think it’s in the cards for me.
I always appreciate seeing what you’re up to though! And I definitely learn from you as well.
That’s a shame, Louise, because your content and the size of your audience definitely is enough to make you decent passive income. If I was you, I’d do video courses but if you’re not excited about making that content then, I completely understand. 🙂
Well done Rob.
Thanks, Nick.
If you have haters calling you a scammer then you know you are big enough to get noticed and making enough for them to be jealous. I’d look on it as something that is reassuring, and evidence that what you are doing works, rather than a negative thing.
With most of these people the only way they can get noticed is by slagging off people who actually are successful and have worked hard to get where they are.
Thank you, Chris, I’m sure you’re right.
Great of you to show us how you are progressing and provide us with an a contextual view of what is possible.
Please keep us the excellent communication and all the best for a prosperous 2016!
I’m glad it’s of use, Scott.
Hi Rob,
Congrats on your 2015 passive income. I am new to your products and your teaching but love all of it so far. Having earned some income online myself years ago from selling a product I created I know the income potential is real. I stepped away for a while and I am pursuing an online income again. I hope you, your products and your income reports are here for a few more years, it is very encouraging to see someone like yourself do well.
Too bad people want to say negative things about those who work hard and want to share their success, makes you wonder if the naysayers are doing so because they tried and failed. Please ignore them and continue to do what you do and remember, you inspire many more than you may realize.
Thank you for sharing and I Look forward to your 2016 reports.
P.Miller
Hello Percy, welcome to the blog. It is something you need to do consistently. I will continue to share what’s working for me well into 2016.
Thanks for this enlightening, honest report, Rob! This level of transparency is rare among your peers. And as far as the negativity surrounding the concept of “passive income,” it seems out of place as applied to you. I can understand the issue here….the loads of come-ons promising astronomical rewards to those who will buy their “magic button” products and then sit back and count the money….but that is so clearly NOT you! I have always admired your candid approach toward explaining your journey to your current level of success…that it takes persistence but that it is in reach for all of us. Cheers for 2016!
Hi Tom, you nailed it there. It takes persistence. But it doesn’t take a lot of work everyday. It’s something you need to do a little bit of everyday.
Yes, I’m just getting to grips with the fact that some people will be negative about “passive income” regardless of the facts you present to them. My problem is I’ve never been exposed to the scams about passive income. I’ve only been exposed to people like Tim Ferriss and Pat Flynn who are shining examples of successful businessmen.
Thank you for your candor and transparency. It makes internet business opportunities more real and much less frightening. I agree with you. If you can do it others can too.
Abso-bloomin’-lutely, Peggy. If I can do it, believe me, anyone can!
Its really inspiring 🙂 Keep it up . You are really a good guy.
Thank you, supriyo.
Thanks for another installment of your encouraging reports. Sorry to hear you may stop them. But you can just as easily discuss your results without current numbers. And you have the past reports to help spell out where the money came from. Happy New Year!
Exactly, Theron, I will always try to share what’s working for me to help the community and I can do that without publishing the exact numbers.
Congrats on an awesome year, Rob! And thank you for sharing all that you know. Don’t worry about the haters. I’m with the other commenter who said it just means you’ve made some real noise on the interwebs! I have a bunch of your courses and I’m on track to actively earn more in my business than I ever have. So cheers and thanks for all of your great content, and for constantly inspiring your readers to go for their dreams. Sounds like a pretty cool way to make a living to me 🙂
You’re an inspiration to me and many people, Mary, and I’m so glad to hear that things are going well for you. So thank you. And thank you for your kind words. 🙂
Fantastic Job Rob! It’s up n up n up from here…. 🙂
Hope so, Kate 🙂
Congrats Rob! Keep up the good work, and get back to writing more books.
Yes, Nick, I will write more books. I haven’t stopped. 🙂
Hi Rob,
I want to give you a big shout out for being honest transparent and for being a good role model for all budding entreprenuers.. Keep up the good work hope sign up for more of your courses in the near future.
Thank you, Virgil, I hope that the transparency helps other entrepreneurs.
How much time did you spend writing, publishing and curating the content? Doesn’t strike me as completely “passive”
Dan, I hate to fight negativity with negativity, especially on my site.
Yes, I spent time creating the content. Do you honestly expect me to present you with a business model where you do no work and make money? That doesn’t exist, my friend. If that’s what you’re looking for you will never find it and you may as well spend the time creating content.
Every business has to create content. This is part of the business landscape of 2016 and will be for sometime. If you don’t create content you aren’t part of a discussion with your customers, stakeholders, and audience and you are dead, dead, dead, as a business. Show me a business that doesn’t create content (or get others to do it for them if you’re Google or Facebook).
So with that as a given, I had to spend time creating content in order to attract clients to my active web and graphic design business. In so doing this meant creating paid content was easy. I just spent less than a week in December creating a course that has already made me $2500 in less than two weeks and will make much more in the coming year. Is that not passive enough for you?
So, finally, to answer your question: “How much time did you spend writing, publishing and curating the content?” Writing (I guess you mean creating): I can create a video course in less than a week and that’s not working all day everyday. Publishing: on Udemy, this takes a few hours per course. Curating: I don’t do any of that.
I hope this helps. Let me know if you have any other questions.
Haters gonna hate, Rob.
People who complain to you (or about anything, actually) do so only because THEY can’t do what you do. They hate to work. They want something for nothing. They want to make easy money, and assume anyone who has all the things they don’t have, are just plain “lucky.” All their problems are someone else’s fault. Never theirs. WAH-WAH-WAH!
“You’re just lucky because you know computers,” – as if any of us popped out of our mom knowing how to use a computer.
It’s called READING, LEARNING and FAILING UNTIL YOU GET IT RIGHT. If these haters spent half of the time they spend complaining actually TRYING to follow the correct steps, had discipline and stuck to a productive routine, they would see results like you do.
Had that ALL my life, even when I was a kid (who hates on an 8-year old with grades, really? They do, though – and they learned it from their parents!). Though, honestly, I thought it would stop once I became an adult and finished college.
It only gets worse.
Next time a hater hates on you, respond with: “Whatever, hater! Sincerely, Rob Cubbon, LMAO from Hawaii while sipping a Martini.”
Great inspiration for the new year! Cheers!
Thanks Rob. It was merely a question. I do understand that nothing comes for free or without a bit of elbow grease. If it was that easy everyone would be rich and sitting on a beach drinking pina coladas. That’s why I was wondering the revenue/time ratio for your particular passive income strategy. and for the record I am actually already implementing a number of passive income strategies (physical property, buy write option strategies, and intellectual property based education businesses).
Ps Gaby, I am not a “hater” as you say. Just asking a reasonable question. Reading your comment/ reply it is obvious you have a chip on your shoulder or some other issues from your childhood. Hope you eventually find peace bro.
Hi, Dan!
Thanks for bringing attention to your comment. I make a point NOT to read other people’s post before I reply and write only MY reaction to the article itself. As you may very well recall, Rob mentioned and used the words “haters.” Seeing as I have experienced negativity (similar to the one you displayed on your OP, now that I’ve read it, and also on responding to me, apparently thinking I was talking to you), my thoughts on the matter are but my own experience. Just as your thoughts are based on yours, I’m sure.
If I wanted to address you, I would by using your name or responding directly to YOUR post.
Clearly, you have your own personal demons to deal with (we all do, actually). However, telling and assuming others have “chips on [their] shoulders” or “issues from [their] childhood” they have to resolve does not put you on a better light than the person you assumed was personally attacking you (especially when there wasn’t an argument to begin with, as I did not even know you existed until you took personal offense for what I said and used my name on your response).
However, if the shoe fits, and you felt my comment was directed at you, then that’s your problem to deal with, not mine.
Finally, thank you for reminding me why I had stopped posting comments on blogs: even in 2016, people still think any comment that talks about something they have done or said was specifically written for them and that it entitles them to attack a stranger in the most disrespectful of ways for no reason other than to save face online (like it matters). Since you actually addressed me, now I address you: thank you for proving my point about haters and how they behave.
Sincerely,
A woman (not a bro), that is chilling like a villain, working from home, making nearly six figures working two weeks out of each month while haters hate, sipping a cherry limeade Vodka, and unsubscribing from this thread to continue enjoying my freedom.
Keep hating, Bro! 😉
Rob, when you think about it, the ability for individuals to bootstrap instructional courses to a global audiences for passive income is unprecedented in the history of the world. As an early adopter, your sharing these financial insights is most generous and appreciated. Thank you.
This is a really important point, Scott. I made this from nothing. There was a negligible investment in ScreenFlow and microphones. Building an audience with a WordPress blog is almost totally free as well. Glad you like the insights. 🙂
Rob, I too am fairly new to your writings, teachings, etc but it doesn’t take much time at all diving into your materials to truly understand the true person and businessman in Rob Cubbon. So, it doesn’t surprise me that you have been taken back a bit by the haters because it’s not your nature to be that type of person. However, if I may, I’ll give you some advice – stay true to yourself and keep your focus on your business and what’s best for YOU. Yes, it’s wise to notice what’s going on around you and to assess how actions and behaviors may affect you but don’t cave in. IMHO, you’re doing great work and your success speaks for itself. Heck, I’d be jumping for joy if I earned $68K in passive income last year so here’s a BIG CONGRATS to your success.
I for one am getting back into dev work and plan on launching online businesses this year (in part, using your writings & teachings) and hope my passive income success matches that of yours. So, again, congrats on your success, for producing quality work and for being an honest and trustworthy businessman and mentor. Here’ s hoping the student outpaces the teacher in 2016! 🙂
Btw, here’s one possible suggestion for you… if you finally decide that publishing your numbers is not in your best interest, what about making that info available via an opt-in list so that folks like me (and many others who have posted here) can continue to learn from you and appreciate your candor but the haters can be left out in the cold.
Hello Pete, thank you for you kind words. I think you’re making an excellent point when you say: “it’s wise to notice what’s going on around you and to assess how actions and behaviors may affect you but don’t cave in” because I do cave in, in that I’m sensitive to criticism and sometimes (very rarely) I bite back as you can see above. This is wrong. I should just ignore the sideshow and get on with it. You’re right.
And a good suggestion about sharing my financials privately. Thank you.
Hi Rob,
Thank you for sharing your results and revealing how possible it is to earn a living through passive income. I discovered you through my writer friend, Jyotsna Ramachandran. Since then, I’ve experienced nothing but the best from your courses. Thank you for setting a great example.
Michael
Well we have a marvellous mutual friend. I have huge respect for Jyotsna. Thank you for sampling my content and my courses.
Who are these scammers? I’ll tell them to stick it where the sun don’t shine. London. hehe 🙂 You are one of the most genuine people I know. I strive to build a business like you have with Udemy, the book, affiliate $, etc. Keep doing what you do best and let them go on with their negative lives while you hold your head above the clouds.
Yes, DJ. Thank you for your colorful London input. You’re right. I shouldn’t have even mentioned them.
The trajectory of your yearly income is impressive and inspiring.
But, you are right, it was probably skeweed by your (subconscious?) desire to show up raising figures. In the end it was counterproductive, without seeds today there will be no crop next year.
However, pay attention to what others are saying in comments. Your transparency is needed.
Thanks for that Rob.
Thank you, Michal. Yes there was a desire (subconscious or conscious) to show rising figures and lack of investment has been my biggest business sin last year. I will be addressing this next year.
Hope you’re well.
Thanks Rob for all the insights and always being honest and transparent. You are an inspiration. This is the year that I want to put to test to what you have taught me. Keep up the good work and wonderful travels!
Thank you, Lauriza, and all the best to you and your business exploits this coming year.
Hi Rob,
Congratulations on the income you have made so far in 2015! Hopefully, 2016’s earnings would far surpass the previous years 😉 After reading this report, I am beginning to re-align my priorities and source of income for the new year. It seems obvious that creating and selling knowledge is salable.
Passive income is not very easy to earn because a lot of hardwork and motivation is needed to create the right product or service to sell.
Once again, congratulations and I wish you better and higher passive income generation in the new year!
Thank you, Sunday, selling knowledge is definitely a viable business model. I think the pre-requisites are great free content and an email list. I know you already provide great free content at kingged.com and you collect emails as well. Yes, you do need consistent hard work to build the audience. Thank you for your well wishes. And I wish you a successful 2016!
Really thank you for sharing and wish you all the best. I took two courses from you in Udemy and they are very good.
As a person who want to quit his job and work for him self what is your advice for me?
Hello Amr swalha, thanks for your comment. The first step for me was earning enough money from clients doing web and graphic design services. After that it was creating valuable free content on my site and building an email list. This article will help: How To Leave Your Job And Work For Yourself Online.
Thank you for the useful information
Congrats to you Rob on all of your success last year! I have just launched a new brand and I am eager to get started with makikg more income passively!
As one of the previous commenters stated, haters are gonna HATE its just the nature of the beast with doing business online.
I for one am truly inspired by your incomr report. Keep up the great work 🙂
So glad that you’re inspired by this Kim. Good luck with your brand and your own passive income journey. I think if you’re enjoying providing good products and services you can’t go wrong. 🙂
Hi Rob,
Thank you so much for your post! I’ve watched several of your video tutorials on Udemy and really enjoyed them. My favorite was the recent one you did with Zach.
I would disregard the naysayers about your passive income. If anyone has listened to or read Rich Dad, Poor Dad, you will know that passive income is the ultimate goal. Who wants to work their butt off continuously for income? The goal is work your butt off, and produce a product that continuously provides more income without additional work. That’s the simplified version, but really that should be a goal of most of us. Whether it’s buying assets and getting dividends or royalties, or building a great product that brings in royalties for months, years to come, it’s a fantastic way to live our lives and be financially free.
Anyway, that is my goal and your videos as well as this report, are inspiring me to take massive action and do something different with my life this year. I still have a full-time job but am beginning to build a web design business.
And for those who still want to do design work, that’s great too! Not saying anything against still working in your business if you love it and it’s bringing you joy. But wouldn’t it be nice to be able to take a break, go on a trip, or whatever and not have to worry about how you’ll be paying the bills? I think that’s your message and I fully support it!
Great work and thank you for sharing!!
Jeanie
Hello Jeanie, thank you so much for your message. I’m so glad you’ve found some of my videos useful and that these reports inspire you. I wish you all the best with your exciting new business. I think (as you know because you’ve seen my videos with Zach) that running a web design business is a fantastic springboard to creating a larger, more passive, online business. And, yes, doing design work for clients is fun anyway. It’s not as though there’s anything wrong with active income it’s just not what we want to do all the time! 🙂