Passive Income Report Q4 2016
Looking back over the year I’ve got to say I’m very happy with where I ended up! I’ve been determined to buy a portfolio of successful online businesses and as I move forward it’s really starting to take shape. I just want to take a moment and say thanks to Pat Flynn because without his niche site duel who knows if I would’ve ever built my first site and realized I could make money online. While I’m still far from my end goals I can tell you I’m having a blast traveling down the less followed path and building my business. If you’re interested in seeing where I started, check out my first passive income report.
Here are a couple of awesome things that happened during last quarter.
- My son is now running around like crazy and talking every chance he gets!
- My sites have made four figures $$$$ every month this last quarter!
- We’re looking for other like minded people to join our buyers group, people who want to learn how to buy, sell, and invest in passive income websites like us!
Before I get into the numbers I want to go over what I include in these reports and what I don’t. Alright, lets get down to it.
What’s Not Included
In these reports I will include only passive income. Meaning, no income from my full time day job. Although I make a paycheck, I’m still trading hours for dollars and that’s what I’m working to get away from! I want PASSIVE, earn in your sleep income!
I’ll also not be including:
401K IRA”S Roth IRA’s Pension
Basically any accounts I would get Penalized on if I where to use them early, won’t be included.
In this report I will include income items that are passive and easily available to use if needed. Website income, interest income, dividend income (from non-tax penalty accounts), cash back from credit cards and whatever else blows my way!
Passive Income Q4 2016
Income from Websites
If you’ve read my investment strategy this is the section I’m really bulking up and it’s working out nicely. While some people might not be comfortable with buying websites quite yet, I recommend you try building one first, it’s fun and a great learning experience, if you’re interested, check out my how to start a blog post. As some of you know I have teamed up with other like minded individuals to buy websites. This has helped me get into more deals, learn about areas I’m not familiar with from industry experts, diversify my risk, and meet some amazing people! Over 4th quarter I invested in two more sites bringing me to a total of 6 sites in my portfolio! Now to the fun stuff, lets check out how these sites are doing for me.
Traffic is doing well and while I would love those spikes in traffic they are just spam BOO!!!! Lets check out the numbers.
This is the first site I ever built and it is still humming away and earning me cash. Usually the last quarter of the year tends to do very well for this site an niche but overall it didn’t really pan out. One of the big things I forgot to do was send out continuing education reminders through Aweber which drives a decent amount of sales. You snooze you lose and I definitely snoozed it.
As most of you know, this was the first site I ever purchased and the main reason for the purchase was to understand how to transfer a site after purchase. I’ve really made no changes to this site but have switched all amazon affiliate links to EazyAzon links and it has helped!
I decided to ditch Info links mid way through the quarter to declutter the pages and see if it helps with amazon CTR, so far there was a increase in click through rates but it’s hard to say that it was from the declutter or because of christmas shoppers. I hope to know by next quarter, either way this site continues to earn small but steady.
For those that don’t know this is the first site that I invested in with my buyers group. Just like the first site I purchased above this was a tester, I wanted to get my feet wet buying businesses with others. I don’t share a lot of information about this site since I’m not the only owner but it’s a eCommerce site which has a stand alone shop as well as a FBA (Fulfill By Amazon) shop. My cut of the net income, aka, passive cash flow income was $430. We have been testing different avenues to grow sales including paid traffic which represents the spike in the above screen shot, I’m hoping it fares well!
Here is the second site I bought in my buyers group. This site continues to blow me away with how much it is earning. This site makes its money through the amazon affiliate program just like site number 2 but is doing it on a much larger scale as you can tell. My cut of the net earning for this site was $1851.
Site 5 (New)
While this site was acquired in late September we didn’t end up starting to earn on it until the end of October due to training and the seller having some personal things he had to deal with. This site provides a certain service online and has pros and cons. The biggest pro is this site can be scaled into a monster business! The biggest con is we have a ton of work to do to make into that monster. My cut of the earnings for the last two months of the year comes to $796.
Site 6 (New)
This site was acquired in mid November and is a eCommerce/dropship store. It’s in the clothing niche and has great potential to be branded. This site will be great to build into a larger store to flip later on. While we did take distributions in 4th quarter we will most likely reinvest profits from now on to grow the businesses must faster. My cut for the last month and half of 2016 was $610.
The interest I earned this quarter totaled $52 most of which came from my Capital One 360 high yield savings account. This is by far the easiest passive cash flow I earn. If your looking for a FREE way to save some money to invest, start with a high yield savings account. If you’re interested, you can sign up through this referral link Capital One 360 Savings Account and you will receive $25 if you are a new account holder and make an initial deposit of at least $250.
Please note, I’m only able to provide this to 50 people so once I have hit that mark, I will take the link down.
My dividends for fourth quarter were $0. I moved my cash out of stocks in the beginning of the year to invest in websites because the ROI I’m receiving on websites is impossible to get in the stock market, unless I want to gamble on some penny stocks, which I don’t! As of right now it’s proving to be the right move but eventually I will be allocating money back into stocks as well.
Credit Card Cash Back
Most of you have credit cards which you spend lots of money on. If you’re anything like me, you use credit cards for most purchases each month, then pay the bill in full at the end of the month. This way I’m taking advantage of the rewards with out paying any interest or penalties. The cash back rewards card I use is the Fidelity Investment Rewards, Visa Signature.
This quarter I received a payment of $96 into my account and all I did was spend money I was already going to spend!
Total Passive Cash Flow Q4 2016
So after crunching the numbers, my total passive cash flow for fourth quarter comes to $4,870.45! This quarter has been awesome and I was able to add some great businesses to my portfolio. If your interested in grabbing some information about joining our buyers group and growing a portfolio of cash flowing websites like me fill out the form below!
Thanks for taking the time to read my income report I would love to get your feedback on my progress, or better yet, if you have any websites your looking to sell let me know!