In this latest article on 365 Days to Online Passive Income Videos 271-300, you’ll see my progress report towards making online income in July 2018.
365 Days to Online Passive Income Videos 271-300 July income report
July gross income
- Udemy passive income – $45.58 CAD ($35.89 USD)
Total July gross income: $45.58 CAD
- Teachable e-learning platform subscription – $52.28 CAD
Total July expenses:
July net loss
- – $6.70 CAD
365 Days to Online Passive Income Videos 271-300 progress report
July was a tough month for me to get quality work done towards building online passive income. During July, I moved in with my girlfriend, Karen. The whole moving process took a lot of time and energy away from getting quality work done towards my online business platforms.
Also, I started working full time again to make ends meet and pay rent.
On the bright side, I managed to complete one Udemy course. Udemy was doing a promotion in June and anyone who completes a course gets $50 USD bonus. I barely completed the deadline but it will definitely pay off in August as my revenue increases a little bit.
Take away from 365 Days to Online Passive Income Videos 271-300
As usual, the main reason I am losing money is because of the subscriptions I am paying for. If I just go for the free version of Teachable, then I won’t have to worry paying that $50 a month for upkeep.
In October, I have to pay another $500 for my Leadpages Platform. I feel like I am just spending money on platform subscriptions when I should be going lean instead until my monthly revenue increases.
On the positive side of things, I am learning how to use these platforms effectively which will pay off in the long run. Mainly because it won’t take me as much time to use them as I get used to utilizing them.
Perhaps the biggest takeaway is learning and losing money in the short run will pay off in the long run. We’ll see if this statement is true several months from now.
365 Days to Online Passive Income Videos 271-300