In this latest article on 365 Days to Online Passive Income Videos 361-365, I talk about what I learned after completing 365 days of video blogging my journey to make online passive income.
365 Days to Online Passive Income Videos 361-365 -lessons learned from daily video blogging
Trying to build online passive income proved to be a daunting task when I first started the series back on October 5, 2017.
First, doing daily video blogs turned out to be quite a pain in the ass. Having to turn on my camera, record myself talk, then upload it online everyday is a nightmare. I have a tremendous respect for anyone who has the discipline to do daily video blogs because it’s not easy!
I also got quite a lot of criticism with people telling me I’m saying the same stuff on my videos! To be frank, the number one reason I started the daily vlog is to help keep me accountable to work on my online passive income sources. I also wanted to stop procrastinating and just crank out content on a regular basis instead of being a perfectionist. Finally, my last goal is to get used to speaking in front of the camera because it does feel awkward if you have never done it before.
Imagine watching yourself talk and hearing your own voice. You’ll be shocked at how you come across and the sound of your voice.
Despite my videos not being that great, I accomplished what I set out to do which is to get some practice. To those who didn’t like the video series, don’t worry, the next series I am starting is more useful to those that likes to travel and build online income.
The 365 days to online passive income series is merely a test run. Moving forward, I plan on publishing at least three videos a week in total across all my YouTube channels (I plan on launching two channels: one on Travel and the other on Personality types).
365 Days to Online Passive Income Videos 361-365 – lessons learned from building up online income sources
Since I started selling online courses on Udemy earlier this year on February, I have earned a total of $198.14 USD or $257.58 CAD. Not bad for making money while I’m sleeping. However, it did take time and effort to make those courses. Each courses run anywhere between 2.5-4 hours so it did take me time and effort to film and edit each course.
I did mention before that I lost some money each month and that’s mainly from paying for my web hosting. If you think about it, my web hosting is completely separate from Udemy so perhaps it was a bad idea to list them in the same category for income and expenses.
Another thing that shocked me is how much it cost to have an online presence! The year hasn’t ended yet and I incurred $1,239.73 CAD so far just to run a website and my Teachable online course platform. Despite making $910.18 from Teachable, I actually lost money as a result!
Even if I add my Teachable and Udemy income together, I lost a total of $71.97 during this whole online passive income endeavor.
365 Days to Online Passive Income series conclusion
Despite losing $71.97 during the entire year trying to build online passive income, I actually think it’s not as bad as I think. Mainly because I actually learned a lot during my one year journey trying to generate online passive income.
One thing is clear to me that Udemy does work for making income and so does Teachable.
Moving forward, I will aggressively use YouTube and see what sort of result I get from there.
Thanks for following this series and feel free to comment below or send me an email if you have any questions on how to get started making income online.
365 Days to Online Passive Income Videos 361-365