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I’ve Spent Over $700 This Month Creating Books!
Edition #38
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Welcome to the 38th edition of Royalties on Demand - your guide to generating consistent income online.
Are You Ready For Change?
I’ve Spent Over $700 This Month Creating Books!
Passive Income Report For January
Are You Ready For Change?
Life is full of surprises, and things can change fast.
One day, everything's going smoothly, and the next, bang, a big change comes out of nowhere.
Whether you're running your own business on websites like Amazon and Medium or just going about your daily life, it's important to be ready for anything.
I share in this article 10 ways that you can actively prepare for change.
I’ve Spent Over $700 This Month Creating Books!
Three years and countless books later, my publishing journey has taken an exciting turn.
I've invested over $700 in outsourcing the creation of two books.
This strategic move is not just about expanding my portfolio but exploring new opportunities and ideas.
I’m stepping up and working high-content books.
I explain my process in the article below and the books I spent $700+ on.
Everyone is looking for "easy" or "fast" without understanding the exorbitant cost of that mindset.
If you want to succeed, do it slowly by working through difficult situations.
You'll learn more, be more prepared for adversity, and success will taste much sweeter.
— Justin Welsh (@thejustinwelsh)
1:02 PM • Dec 27, 2023
Passive Income Report For January 2024
Welcome to my passive income report for January, a month traditionally marked by a post-holiday slowdown and often considered the quietest period in the year for many entrepreneurs.
Despite the anticipated dip, certain parts of my passive income portfolio not only withstood the seasonal downturn but shone brightly, offering valuable insights and hope for the year ahead.
Let’s take a look at January:
Amazon KDP
I made $2572.12 with this income stream in January. I did expect to make more but life knows how to keep us humble.
You can my full in-depth report below.
YouTube
I made $361.57 despite posting only 3 videos. I was actually quite please with this as I have slowed down my output with YouTube during Q4 and Q1 as I’m focused on building my KDP business.
My highest day was the 23rd January and I made $16.53. Youtube is the most time-consuming passive income stream but I’ve hired a thumbnail and video editor to help with the workload.
Medium
January saw a huge drop from December due to several reasons I outline in the story below. I was still able to earn $329.58.
Affiliate Marketing
This is my most passive income stream. I create content about tools I use in my business and once a subscriber purchases a tool then I earn some commission.
I made $221.12 last month from affiliate marketing.
Final Thoughts
These 4 passive income streams equate to $3484.39, a 58.87% decrease from the previous month.
Despite this drop, I was prepared for January being my lowest month of the year.
However, looking back on 1 year ago my passive income has more than doubled.
Don’t get caught up with how things look right now, remember how far you have come and keep sight of the goals you are working towards.
Need Help?
At Royalties on Demand, I offer various services tailored to aspiring authors and self-publishers looking to make a mark in the industry.
You can find free templates designed to simplify the design process and enhance your books' visual appeal.
My one-to-one coaching sessions provide personalized guidance and mentorship, allowing you to face the challenges of publishing with ease.
For those looking to delve deeper into the world of AI Coloring Books, my comprehensive eBook is packed with insider tips, strategies, and step-by-step instructions to guide you towards success.
Once again, thank you for joining me on this exciting journey. Have an awesome week ahead and I look forward to catching up with you next week.
Next week we will have a big interview to look forward to!
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Danny
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