So far Passive Income experiments are not going good.
Initially, I had success with selling old books and video games on Amazon using FBA. A lot of stuff was sold within a week. But the stuff that didn’t sell within a week is still there after several weeks.
Then I sent in three more shipments to Amazon FBA. They lost all three shipments. After 4 weeks, they issued me reimbursement for lost items. To be honest, they were fair with pricing and it almost was awesome. Then a week later they found my lost shipments and reversed reimbursement. This is double sucks because first I cancelled my Amazon Seller Pro account trial. So now each item sold, cost me extra dollar.
Then on February 26th, Amazon FBA fees went up.
At this point, I am not really interested in further experiments with FBA or retail arbitrage.
Freelance Web Development
This has been one of most realistic experiment in semi-passive income. I had only one client but I outsourced almost 75% of her project. This saved enormous time, and I would say that is pretty passive. But since then I haven’t tried to pick up another project. It just seems like too much responsibility. I don’t want deadlines outside of my regular job.
Just last week, I was accepted into Merch by Amazon program. There is 10 t-shirt limit on me for now. Many sources on web seems to imply that Merch by Amazon is the best place to sell t-shirts online. Some people claim they make $10,000+ during holiday season. I haven’t made a single sale yet but we will see.
I have added Google Ads here and on some other blogs. But I should really focus on building traffic first. This blog is getting about 70 unique sessions per month. Photography and programming related posts seems to be most popular here. But any chance of making realistic money from this blog is not there.
I have been programming couple of Android Apps. This is tough for me because while I enjoy programming I find it harder to code after work. Also I don’t really enjoy UI design and Android development is mostly UI programming. I am also playing with Cordova so that I can use same source and compile app for both Android and iOS.
I haven’t uploaded any new stock photos since last year but I continue to sell some. I received 1099 from Fotolia and was surprised to see that I made $15.
However, I don’t plan to do more stock photography at this time.
Writing a novel is one of my life long dream. It was not one of my original plan for Passive Income but I start to write really bad stories when bored at night while trying to code. So I really thinking about it. Also I dream when and if I am financially free, I would spend my time writing and photographing.
So I am refocusing on writing fiction. My new year’s resolution was to write blog posts daily even if they are just private throw away posts. Now I just write daily, sometimes blog posts, sometimes fiction.
To be honest, my fiction writings sucks right now. So it will be a long time before I publish anything.