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Alternative Income Streams – October 2008

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Another month is done and it's time to take a look at my alternative income for the previous month. In past months, I've given a number that was very specific, down to the cents. This month, I can't be as specific - the power cord on my laptop is broken, so I have to make a battery last a week, until the person from Ebay ships my replacement. (While I am happy to have saved around $40, I would have paid full price to get it faster - it simply wasn't an option that I could see.)

So this past month, my websites and other dividend income (which is minor) netted me around $2100 in profits. I'm sure some will come and say that I should be quite happy with that number, but it hasn't gone up in some time. Then again, I spent much of last month in Australia and Thailand, so I can hardly complain. The dollar per hour worked was actually quite high. Most months that would be the biggest piece of news...

This month, my business partner, had been selling the poo out the start-up business. Though I had the contact for the biggest client, the rest were all him and his contacts. I came back and found that he set our company up with a competitive recurring profit to my websites and dividends. I'm not quite sure how to classify the income though. It's a little like a manager's job, where you have to be around to make sure the excrement isn't hitting the fan. However on most days, I'm just making sure that everything else is running smoothly, which is fairly passive. I suppose there's the making of new sales as well.

I don't know whether to consider to consider it alternative income based on the definition at that link or not. I'm pretty tempted to say that it is, because the amount I'm paid is not tied to how many hours I work. Let me know your thoughts (even if they are that I need to come up with new words for doody) in the comments.

Posted on October 3, 2008.

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8 Responses to “Alternative Income Streams – October 2008”

  1. Eric says:

    $2K passive profit sounds good. Since that is your profit, would you be willing to describe your expenses?

  2. Would this be that business idea you mentioned a while back… Seems profitable and yet under you 6 month original estimate. Congrats! Multiple income streams rock!!!!!

    I had my best month ever… 3 significant and different income streams. Blogging actually lost money but only cause I significantly ramped up my expenses to shoot for growth. my top line revenues was the highest it has ever been at just over $6K for the month from personal websites.

  3. Justin says:

    Sounds like you are making some good money online! I need to figure out what you’re doing.

  4. KushMoney says:

    I had my best month with a profit of $169. I know it’s not much but its a start. This month will be much better. I really need to focus on passive income but I can’t help but it flip websites for quick cash. I am always working with a very small budget since all the profits go towards bills to make things easier around here.

    I am shooting for $500 – $1,000 this month. :)

  5. Matt says:

    That’s a fair amount of profit for a month. I am hoping to get to a point where I can generate even a quarter of that. We will see.

    I am going to have to go dig around your archives to check out what streams are working for you.

  6. When will tell me the details of your other project? :)

  7. The Other Guy says:

    I suggest you assign yourself a portion of the profit from your new business as earned income, and the remainder as dividends – passive income or alternative income. Regardless of the amount made, working for oneself is often much more rewarding then working for someone else.

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