Thursday, November 1, 2012
October 2012 Status Report
Passive Income In October 2012
I'm getting just a trickle of pennies from AdFly, Adsense and SiteBuildIt!
Costs In October 2012
I'm happy to see the costs coming down. I'm still paying SiteBuildIt! monthly and plan to continue with it. I spent the other $30 to books. I needed those as a study material for my own book.
I can't build a 1000€ passive income stream by Christmas 2012
You may call me an early quitter if you want, but I've stopped believing my current goal is reachable to me. That is my subjective reality. I don't feel like I'd be quitting, I feel like I'm moving on.
Due to the collaborative 30x500 prep work I'm beginning to see where I really stand. When I started this project I thought I knew a lot about passive income. Now I know I knew very little.
My approach has been far from optimal. Actually, my approach was like shooting into the dark, hoping to hit something. Thanks to 30x500 I'm seeing that now and I believe it can be changed. But realizing all the strategic mistakes I've made has eaten up the motivation to work.
I don't want to publish new products with my faulty process.
So, I've been procrastinating. I've tried to push myself to work on my project, but the motivation is gone. I'm going to quit procrastinating now and give myself a permission to NOT work on this project.
I've written over 20 pages for my book, but publishing it does not seem like a smart thing to do. Not now.
I have been mulling over this a lot. On the other hand I feel I should "just do it", but from my new viewpoint I'd be publishing a dead baby. Everything is an experience, but nothing happens without a motivation.
I still love SiteBuildIt! and my blogs - I'm not going to abandon them. I'm going to continue the pursuit for increasing my passive income - even though this project has made me realize that building passive income takes a lot of work.
30x500 starts next week and I'm targeting to be the next star student.
I'll be updating the stats until the old goal is due and then I'll put up a new goal. For now, just studying and doing 30x500 is enough. Of course I'd love to start increasing my income right away, but there is some learning to do first.
I'll also continue with SiteBuildIt. I kinda see SBI! compatible with 30x500 base ideology. In it you just don't go to the "Customer Safari" to search for your audience. Instead, you'll express your own worldview and attract a compatible audience over the first year or two. No wonder it takes time to earn with that approach! Yet, the approach is solid and the course is really useful. My traffic is in solid increase and I enjoy having the site. I'm still at day 8. Two more to go!
I'll continue posting on the topics of passive income and product building as I stumble to interesting things. Thanks for helping me with this project!