I have 18 people in my Other Stream Creators blog list. 14 of them are past their deadlines. How are they doing?
Successes (or nearly successes)
Passive Incoming is almost at her $800 per month goal. She has no deadline date. Her last reported month was nearly $700. She writes small eBooks that she sells at Amazon. As she did not have any previous work to build on, this is an amazing result.
Melissa Rachel Black reached her $50 per month goal by drawing vector illustrations. In addition, she has a new source of active income by drawing commission illustrations.
Pierre Bastien did not reach his original $300 goal and reported that as a failure. I still wanted to list him here, since he got over $150 in September. That is a reasonable bunch of cash - definitely worth mentioning.
Also, Pierre was the only "failed"-reporter that I could find!
What About Everyone Else?
The other 11 people have not written any reports that I could easily find. I assume those people just did not make it and did not bother to report it. Some of them have stopped blogging altogether. One of them has even removed the blog post where his goal was published.
So, Why Did I Fail?
At first, I went through a set of "make believe explanations" in my head. I would have probably continued to believe in them, but then came the time to write this report.
I did not really fail because:
- I was out of alignment with my goal
- My goal was not phrased in the most motivating way
- I chose a slow way to make passive income
- I did not work from my strengths
- I had no concrete idea how to get to my goal
I failed because I did not provide enough value.
I spent most of my time learning things. The people who succeeded in the challenge were busy publishing valuable stuff. Stuff someone was happy to pay for.
I did publish things... but what is out there is not much. I have about 15 articles in my SBI! site. I have this blog. I planned on creating 2 new passive income streams before Christmas. I have one new stream, and it is *tiny*. The fact that I'm getting at least something tells that my creations are valuable to someone.
Instead of publishing things, I learned things. What I have learned has a huge value to me - but against my goal that work is totally invisible. If I want to reach any monetary goals, I need to start publishing stuff. I need to quiet down my inner self-critic and just do it.
The big question that rises from what I have learned from this passive income challenge is: How do I know (in advance) what people want to buy?
The methods I have learned for finding out niches and evaluating their "profitability" seem to me like first steps to finding an audience to deal with. But my passive-income puzzle is still missing some pieces. I do hope 30x500 delivers them.
In the meantime, I continue to show up.