My Passive Income Report August 2012 – 2320.65

Hello everyone this is my income report for August 2012.

This past month I have been planning for  wedding and a lot of my time went toward that.  With that being said however, I have started writing a few new apps for iOS.  Most of my issues from last month have been resolved and I am back in creating my soundboards.  I also spent some time working on setting up a system to sell the source code I have created to help other create a Passive Income stream.  Well with that being said here are my results from August, as you can see I had a 20% increase over July with is always good. However I was not paid this month by Microsoft since I did not sell enough.  I expect next month to be low, since the iPhone is coming and people are beginning to save for the holidays.  Take a look at my numbers and drop me a comment if you have any questions.

Apple App Store  – 1925.79

Amazon App Store – 227.01

Google Play – 167.85

Windows Marketplace – 0

For a total of 2320.65

Mike

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5 Reasons Your Big Idea Might Fail and How to Overcome it

 

You’ve come up with an idea, and it’s the greatest idea you’ve ever came up with. You spend all of your time thinking about it. After spending a good amount of effort, you lose interest, and stop. Does this happen to you?

This is a common experience by many entrepreneurs. A lot of times it’s because of the five following thoughts that circle our brains:

  1. “I’m not going anywhere.”
  2. “I don’t know what to do next.”
  3. “I don’t care anymore.”
  4. “Maybe my idea isn’t so awesome after all.”
  5. “People are doing something similar already, and it’s way better.”

If you ever have one or more of these thoughts in your head at the same time, your big idea could ultimately be just that – an idea. Here are some helpful ways to smash these thoughts out of your head and get yourself back on to being successful:

1. “I’m Not Going Anywhere.”

You’ve put in hours of work, but it doesn’t feel like anything is getting done. Maybe things are going wrong, or you just don’t have anything to show for your efforts. Here is what you can do:

  • Create mini-goals: Turn your BIG goal into a bunch of smaller goals. This gives you the satisfaction of completion after each stage. As you finish a mini-goal you know that you’re one step closer to that much bigger goal. Think about it…how crappy would Call of Duty be if you had to play the game straight through without checkpoints? We get a sense of satisfaction after completing each mission, knowing we’re one step closer to saving the saving the world.

 

2. “I Don’t Know What to Do Next.”

You have an idea and you know what your goal is, but you just need to find a way to get there. There are a few things you can do to help you find some direction:

  • Write Stuff Down (Got Some Paper?): Seeing things on paper organizes the thoughts in our head. Similar to mind mapping, you can visualize your ideas and easily branch off of them to see what your next step should be. You can also use a checklist. Writing steps down in order and crossing them off as you go is like having your own recipe for success.
  • Research (Be More Informed):  We have huge amounts of information available right at our fingertips. If you run into a problem, just Google it! More than likely there is someone else in the world that has had a similar situation that has already been answered.
  • Ask for Help (Only Dumb Question, Is the One Not Asked): There’s nothing wrong with asking for advice. Just be polite and ask.

 

3. “I Don’t Care Anymore. Why Bother?”

You’ve lost sight of why you are working so hard. When it comes to motivation, there are a number of ways to get it back:

  • Back to Square One: Go back to when you first came up with your idea. Why was it so exciting to you? It had to be exciting for a reason, right?  You should never forget the original reasons why you started in the first place.
  • Read A Book: Right now, I’m reading Yanik Silver’s Moonlighting on the Internet. I read it when I’m bored, and I’m usually back on the computer in no time.
  • Break Time: It’s crazy how a short break can make you more productive in the long run. I usually check my Facebook to see what’s happening in the world.

4. “Maybe My Idea Isn’t So Awesome After All.”

It’s easy to believe that all of the hard work you are doing now will end up being for nothing. This is the thought that seems to pop into my head more so than any of the others. It’s a bummer, but here’s how you can rise above the occasion.

  • Think Positive: Simple as that. What good will come from thinking that your idea sucks? NONE. After reading Michael Losier’s Law of Attraction: The Science of Attracting More of What You Want and Less of What You Don’t, I really think that both consciously and subconsciously, people’s thoughts dictate the reality of their lives. Have positive thoughts, and positive things will happen to you.
  • Sell Yourself to Yourself: If you sell yourself short, your idea will have no chance to succeed. Also tell yourself that you’re good at something and don’t let yourself or anyone else tell you different.

5.  “People are Doing Something Similar Already, and it’s Way Better.”

If you find your idea isn’t the most unique in the world and there are other’s like it in operation today, there’s no need to worry. It’s actually a great thing! That means your idea is a good idea, that other’s are already make money with.

Make it Better: If you’re worried about why people will come and visit your website, use your services or buy your products, understand that people will come to you because you have something more to offer than your competition. Maybe it’s the unique content or your take on something in your blog. If you’re exactly the same as the others, you’ll fail. If you offer something more or different, you’ll stand out and make some real money.

Earning Extra Income While You Have a Full Time Job

People don’t have to quick their normal job to make money online.  If you plan on starting this off as a hobby, I wouldn’t even think of quitting my job.  Having job security in your normal career will allow you to try out different strategies for making passive income online. Finding a blog of someone who has already been successful at passive income is a great place to start.  Doing your research, along with being patient and making smart decisions, you will begin to start making money.

With Your Busy Day Where Do You Find Extra Time

Personally, I wake up early, get to work and come home after being stuck in rush hour traffic. Besides your workday, you have family commitments, friends wanting to hang out. Pretty much my day is full of things to do.  I know many of you reading this go through the same thing every day just like me.  But how are you supposed to find time to make money on the Internet after a day like that.

Here are 3 great tips to help you find time in your busy day:

1. Realize Your Free Time

During the day believe it or not you have some free time you can use to your advantage. If you add up your drive in the morning, your breaks throughout the day, your lunch, your drive home, workout time, and some of the free time you have at home you might find a few extra hours there.

2. Do Two Things at Once

We can all learn to have better time management.  While your driving do you listen to the radio?  Instead of the radio, why not listen to a podcast or an audiobook about Passive Income.  You can even find time while watching TV.  We all like watching TV, some of use too much. Why not read or write your blog during commercials?  You get to watch your show or sporting even and still find time to work.  The average one-hour show is only 42 minutes long, leaving you with 18 minutes to work on your Passive Income dreams.

3.  Use Your Day Job to Help Build Your Dreams of Passive Income

If your job has one of the “ internet for anything but work is prohibited” rule , I wouldn’t recommend surfing the internet to learn about making money online. That last thing you want to do is lose your job because Big Brother was tracking you.   However you can use your job as an idea machine. What I mean by that is you can find an issue with something and use your blog to sell a product to fix it. Or lets say you need a certification for work and you have been studying for it, use your notes to create an eBook. You could market that eBook and now you have a Passive Income Stream.

I hope you enjoyed ready about how to earn extra income while having a full-time job.  Feel free to comment on this post and join my emailing list so you will know when I have new blog post.

Cheers

Mike

Looking for Passive Income? Then CRUSH IT!

Do you have a hobby you wish you could do all day? An obsession that keeps you up at night? Now is the perfect time to take those passions and make a living doing what you love. In CRUSH IT!

Crush It by Gary Vaynerchuk is short, 140 pages or so, but that short form is consistent with his direct approach. It starts by outlining the importance of passion and Gary’s three rules for success in business and life: Love your family, Work super hard, Live your passion.

“Passion is everything.”

From there he shares his “hard working immigrant makes good” story of coming to the U.S. as a child from Belarus and numerous examples of how “hustle” and business savvy have been a part of his DNA from neighborhood lemonade stands to building up his father’s liquor store business from 4 to 50 million to creating another new business of his own, Vayner Media.

“It’s never a bad time to start a business unless you’re starting a mediocre business.”

The essence of this book is to find out what you’re really passionate about. Work your ass off, communicating that passion using whatever media format and channels are the work best for you and the audience you’re trying to reach. The passion will show through in the content you create, the connections and community you build and the legacy ,more important than short term financial gain, you leave from building the business.

“Story telling is by far the most underrated skill in business.”

Along with advice on creating content, choosing the right platform, being authentic, finding like-minded participants on the social web and social media marketing advice, he offers several ideas on monetization (some of which I’ll be implementing now), the value of patience and being adaptable.

“Be patient. In time, if you continue to hustle, you’ll grow your presence and improve your skills to the point where the fish – really, really big fish, will be jumping straight into your hands.”

Vaynerchuck admits his own contradictions, like do what your passion tells you no matter what, but also be adaptable in how you execute on your passion. He also makes a few comments that fly in the face of marketing (social or otherwise) key principles, like don’t pay much attention to analytics, but go with your gut.

“Anything is better than zero.”

Despite contradictions and rare advice that would make most marketers cringe, there’s no mistaking the success Vaynerchuck has achieved following “The Best Marketing Plan Ever” which he shares in the latter part of the book. He even goes so far as to offer a checklist and several business ideas he says he doesn’t have time to go after himself, so go for it.

“Legacy is greater than currency.”

For those looking for step by step instructions on how to develop a social media strategy and the specific tools to execute, this book has some of that, but it’s more about inspiration than “how to”.  To get anything out of a workshop or testing social tools yourself, you need to be inspired first anyway.

“Crush It” is an excellent book offering personal stories that illustrate the importance of passion, patience, hustle and the value of doing what you need to do to be happy. Success takes hard work and this book does a great job of showing anyone the framework for making what really makes them passionate and turn it into an online business.

In this book you will master the following

Learn: Why social media has evened the playing field, destroying the “gate-keepers” who had previously dictated the distribution of content.

Learn: How to beat unemployment and create wealth-building opportunities by building and maintaining a personal brand.

Learn: Why storytelling is the most important business concept in the current marketplace.

Learn: How you can build an online business around your passion without quitting your day job.

Learn: Why Twitter and Facebook are just tools and not a social media strategy.

Learn: How to take advantage of the half-billion dollars in advertising that are moving to the internet.

Learn: Why transparency and being true to yourself are now winning marketing formulas.

Learn: How to build and maintain an online community around your passion and brand.

Learn: Strategies for turning attention into money.

Learn: Why the legacy element of the internet era is so underrated.

To purchase this amazing book click here, and start CRUSHING it today

Please let me know what you think about this book, by leaving a comment.

Mike

My Passive Income Report July 2012 – 1938.08

Hello everyone this is my income report for July 2012. 

This month I have been running into issue with both Apple and Amazon allowing my new apps to be published.  I expect it will take me a few weeks to refactor my code and put in some new features to get them accepted.  Even with those two issue I was able to add three apps to Google Play and ten to Windows Marketplace.  Below is the break down from each of the apps stores, So you can see how it breaks outs.   Thanks for checking it this out and be sure to check out the rest of my site to get the tools I use to create my passive income stream.

Apple App Store  –  1467.63

Google Play – 167.86

Amazon App Store – 279.45

Windows Marketplace – 23.12

For a total of 1938.08

Mike

Just Starting Off

Hello everyone, My name is Mike Nowak and today I have decided to change my life.  Be check back often as I will be adding more content over the next few weeks.  As this blog grows I will show how I am changing my life by finding other ways to make money and hopefully I’ll be able to help you.

 

 

 

 

 

 

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