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2017 July Passive Income Report

Every month I try my best to compile all the income and expenses that I occur in my pursuit of building and living the passive income lifestyle and please understand that I didn’t get to where I am overnight or through miracles – it is an ongoing progress, and has been a long road filled with lots of hustle and my fair share of mistakes.

And yet, through persistence and passion and continuous focus for progress, I’m slowly and surely building something amazing for myself, my family, for you to learn here in NigelChua.com

PASSIVE INCOME INTERNET BUSINESSES (PIIB): USD -281.11

Income

Xtend Life Natural Health Supplements

  • 6th July 2017 USD 6.26
  • 17th July 2017 USD 6.54

SellHealth 

  • 24th July 2017 USD 17.99

Amazon

  • $2.30

Expenses

PASSIVE INCOME INVESTING (PII): 0

No more dividends at this point in time as I sold off all my shares in June 2017 for a tidy sum of $25k+, 16.67% capital gain.

CONCLUSION

The month of July yielded me 3 sales: 2 in Xtend Life and 1 from SellHealth.

As I've embarked on having 2 purely outsourced written WP sites, that spiked my expenses by a lot (I hadn't even factored in budgeting for marketing) but as you can see, you can have very minimal expenses if you want ie less than USD 30 a month to start learning and building an online business.

I have budgeted for the outsourced writings of the WP sites for one full year, though I will monitor on a month to month basis – if the revenue they generate is equal or more than what it costs me to engage the writers ie more than USD 280 is generated by month 12, then I will 100% continue with them. If it's less than USD 50, I'll likely drop the sites (depending on which is doing better).

I'm not touching those 2 sites at all, except for the occasional hiring of outsourced content marketing and backlink building, so it's more or less more than 95% outsourced – this is to test my theory of “is it me who's holding myself back” in the online world. If it's proven that I should outsource more ie outsourced work makes more than me running it, I will entertain the idea of outsourcing everything (except this site of course…unless it serves my audience better – see how).

Where to next?

  1. Head to Home Page

  2. Read the Core Articles, Popular Articles and my 21 Days To Financial Makeover

  3. Contact me by email at (even just to say hi) nigel@nigelchua.com

  4. See the latest articles and updates at the blog

  5. Check out all the resources and tools I use

  6. See my top two resources for online business below: Wealthy Affiliate (left) and Solo Build It (right) - both have very specific strengths and functions

Wealthy affiliate: #1 to learn how to build profitable wordpress online businesses

Wealthy Affiliate is my recommended for WordPress online businesses.

I've been a premium member of Wealthy Affiliate since 2015 and there are a number of pros to be with them, which you can read at my Wealthy Affiliate review here.

One of my favorite points of WA is that they have a try-before-you-buy forever-free membership which you can sign up here for free. No credit card needed.

solo build it (sbi): #1 for offline businesses local search engine ranking, traffic and lead generation

Solo Build It (SBI) is my #1 tool for local search engine optimization (SEO) domination as well for online marketing which I've been using since 2010 personally for multiple projects.

Read why I chose Solo Build It...

...and more importantly, why I still stay with Solo Build It (SBI) till today and use them exclusively for all my SEO, traffic and e-lead generation.


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