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2017 May 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 22.95

Income

Xtend Life Natural Health Supplements USD$ USD$ 45.55

  • 5th May 2017 USD 16.06
  • 8th May 2017 USD 5.16
  • 18th May 2017 USD 5.96
  • 23rd May 2017 USD 12.33
  • 29th May 2017 USD 6.04

SellHealth USD

Amazon $2.30

Expenses

PASSIVE INCOME INVESTING (PII): SGD 671.32

  • ST Engineering SGD 160.00
  • ExcelPoint SGD 8.10
  • ExcelPoint SGD 13.50
  • SoilBuild Biz REIT SGD 89.34
  • MapleTree GCC SGD 6.93
  • MapleTree GCC SGD 26.65
  • Lippo Malls SGD 28.00
  • Lippo Malls SGD 150.00
  • Starhill Global REIT SGD 24.00
  • Starhill Global REIT SGD 11.20
  • Starhill Global REIT SGD 153.60

CONCLUSION

Like April 2017, month of May yielded slightly more sales (total 5 sales) and it went into a positive net profit area, but I have a problem with this – the main issue I have is because the income/sales are unpredictable, almost adhoc. Both these categories, from Xtend Life and SellHealth, are based on outright product positioning ie when a reader visit the site, they can browse the entire products available/recommended (similar to how NigelChua.com's resources page are), and they either buy, don't buy and leave.

Most teachers in the internet marketing space say that the approach is not good, because most people take 7-10 exposures before they decide, and hence getting them to subscribe to a mailing list will work better over the long term. Which is why you have started to see that I've installed some lead optin generators on NigelChua.com – these same option program applies to the new dating site I'm experimenting on, and what interesting for the dating site, there is zero product listed – just content and content. Once the content is completed, I will promote the content and website, and readers can benefit from the contents as is, without any optins, but if they want to accelerate and improve their outcomes faster, they can access my curated dating products and programs only by signing up to the mailing list.

Well I'm not sure if it'd work, but I'm trying that out, though it may take 6 months or more before the traffic is sizable enough to make good returns – if I can finish my contents within 6 months, I will also set aside $200 – $500 a month on solo ads to build the mailing list too – keep you posted on this. I'm trying to be very focused on one project but it's not easy.

Weirdly enough, this season in my life there is a lot of opportunities and offers coming my way, not those shady ones, but real businesses in the physical world coming my way. Good in a sense there is more opportunities, bad in a sense it'd take me away more from my online venture. Ugh.

As usual, the dividends that come in from income/dividend stocks come in at very fixed and periodic timings, and I'm pretty happy about this. I recently checked my stocks account (yeah, I seldom check them) and I found that I've made a capital gain of 10% average across all my stocks, which means I can sell them to make a decent profit…but of course, that isn't my style. I'm holding them for predictable cash flow.



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Books I'm Reading

Holy Bible

Tribe Of Mentors

Seneca Letters From A Stoic

Seneca On The Shortness Of Life

See my full book/read list here.

Blogs I'm Following

Tim Ferriss

Pat Flynn

Tony Robbins

Ramit Sethi

Personal Goals

SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45

SGD 2,000,000 in cryptocurrency

Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40

Publish at least one book by 40 years old

Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month

Ongoing: spend more quality time with children, wife, family, bible, God.