now THERE’S a title…if i could run that into a book , i’d make a chunk of change. Perhaps i will. 2013 is looming on the horizon like some sea monster on a map with its mouth open ready to swallow my jonah ass.
Since my income dropped drastically last summer..and i mean drastically like a cannon ball off the chrysler building…. i have been living so scaled back i have to check the couch cushions before i leave the house. I KNOW what i need to pay my bills comfortably and leave me a little left over to feed the cats and keep the fridge stocked. It isn’t much in the greater scheme of things. $1000 a month could do JUST that and no more. Now that’s clear and free over what i have to shell out for products to resell…that’s where life gets complicated..people buy products and i have to save up and buy more products…it’s a vicious circle. And that’s obviously not including the vast amounts that i owe the utility companies and other various bills that mock me every week. So basically like the rest of america i am kinda fucked.
Passive income is the money that comes in with me having to pack and ship and rebuy products and process each individual order etc… I am still going to keep printing books to sell locally and buying products to sell online..but I want that OTHER money to be more than just the pennies that drip through the keyhole. Passive money is what comes in when Amazon sells a copy of one of the books i published or wrote…passive money is what comes in from Cafepress for designs I uploaded. Passive money will be what comes in from digital publications..i am thinking up other possible avenues…i think i will pay a call on Zazzle and send some designs that way. Basically anything I can set up ONCE and that costs me nothing to earn coin.
Now i know i won’t get to 1000 a month using this nickle and dime stuff overnight…but like the divesting..if i do it steadily for a year it will just turn into a habit.
I pulled up all the passive sales I made from 2012, and was surprised at the number of transactions…the money is VERY low. .60 cents on a .99 cents sale takes a while to accumulate..and the cafepress stuff averages about 1.50 per sale. But it is all encouraging that I am making ANY money passively. I just need to do MORE of it…at least that’s my plan and I am sticking to it.
Today’s chore is to rewrite the Finding Money Book I put together 3 years ago…reading it now I am terribly embarrassed it does have a lot of redundancy and it could have been much improved. But I do remember it being a quick experiment to understand how the Kindle Publishing process worked even though i linked it to a paper copy. I actually couldn’t find my original file for it and had to recreate it from a pdf download. So i took it apart down to the bones and putting it back together as a second edition and I will send it to smashwords and reupload it back on Kindle and Createspace. I do like the cover, though i will have to do SOMETHING to indicate it’s a new edition.
Before I start too many new projects from scratch, i am still pulling projects like this out of my computer and dusting them off. I had a Bibliophile glossary I produced for a pda device about 6 years ago and I am dusting that off too. After I do a few of these which won’t earn me much, I will tackle something larger and more complicated.