I made $1795.25 from passive income sources in July, up $262.45 (15%) over June.
The increase this month was due to gains in both blog income and network marketing.
Some of my sources are more passive than others (as explained in How Passive is Your Income), but each source has a strong residual component.
Here are the the income streams in order of most income earned:
- $1019.28 – Bulk Candy Vending
- $534.48 – Blogging
- $241.49 – Network Marketing
(Read Five Ways to Create Passive Income With Little or No Money for more on these sources.)
Bulk Candy Vending – $1019.28
Bulk Candy vending has been holding strong. I haven’t added any new locations in the last few months, so income has leveled off.
The average profit per location was $23.70, right around my expectations of $25. Thats’ a 72% profit margin when accounting for the cost of candy.
(Read more about bulk vending in How to Start a Bulk Candy Vending Business for Passive Income.)
Blogging – $534.48
Blog income took another nice increase this month, mainly because of my new-found success with LinkWorth. Read the July Blog Income Report for a full breakdown.
(Read more about starting a blog in How to Blog :: The Manual.)
Network Marketing – $241.49
I’ve been putting a little more time into my network marketing company this last month, and it’s starting to pay off.
(Read more about network marketing here.)
Getting Closer!
My goal is to make enough passive income to pay all my expenses. At that point, my time will be free to do what I love: making film.
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Thanks Neal!
Network marketing is a person-to-person business, so the company I’m with doesn’t allow me to advertise the name on a site like this. Check out http://geniustypes.com/network_marketing_for_passive_income/ for more information.
Brian,
You’re doing a great job! It reminds me of those graphs Steve Pavlina has on his website when he wasn’t doing near the numbers he is now.
Keep it up.
By the way, what network marketing company are you involved in?
Thanks,
Neal
Congratulations Brian. 15% growth in a month is nothing to sneeze at. Any ideas how you’ll focus on increasing your passive income for next month?
Keep up the good work Brian!
Quick question though: What candy do you put into your vending machines?
Thanks, HalOtis. I’m going to continue work on my network marketing company and push for increases in blogging. Thanks for your interest!
Thanks Ed!
My favorite candy mix is: Reese’s Pieces, Gumballs, and Skittles.
Congratulations on the growth in income.
Interesting and informative.
Hi Brian! Definitely an excellent blog. I really like what you’ve done with the design, not to mention the content. A question for ya, did you start blogging on your own web site from the get-go or did you use a free blogging platform first? Keep up the good work. AF.
Hi Brian! Definitely an excellent blog. I really like what you’ve done with the design, not to mention the content. A question for ya, did you start blogging on your own web site from the get-go or did you use a free blogging platform first? Keep up the good work, AF.
Thanks AF!
I started out with my own hosted WordPress blog from the beginning. That’s the only way to go as far as I’m concerned. If you’re technically savvy, you can find hosting all over the place for less than $10 a month. If you want to get started quickly, I’d recommend The Genius Tree, a blog hosting company that I’m working with to help out bloggers like yourself.
Great job Brian. I was just wondering if you have any future updates for the passive income that you earn monthly.