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I'm Back! What I've Been Up To & Lessons Learned from Neglecting My Businesses for 3+ Months
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I’m Back! What I’ve Been Up To & Lessons Learned from Neglecting My Businesses for 3+ Months

backbypopulardemandI wanted to share a quick update with everyone as to what I’ve been up to the past 3-4 months.  I’ve gotten quite a few messages from people asking where I went to and why I haven’t been publishing new posts/podcasts on OIT, responding to emails, etc.

To be honest, these past few months I’ve not only neglected OIT but also the rest of my businesses.  As an estimate, I probably worked on them around 2-3 hours total since the beginning of March.  Unfortunately, some personal issues came up which caused me to not be able to put almost any time into them.

Although my income is technically from “passive” sources, no matter what business you’re in, if you neglect it for 3-4 months straight there are going to be some negative consequences.  As you can tell by reading my March, April, and May income reports, both my Kindle and iPhone app income took big hits compared to their peaks.  However, a bright spot over the past few months has been CreateSpace.  While my Kindle income dropped, my income from CreateSpace stayed steady and even grew!

I’m happy to say though that I’ve started working again over the past week and have been SUPER productive.  I’ve still got a lot of catching up to do to get back to where I was before I stopped working, however a lot of the immediate “damage control” items are taken care of and I’m ready to step up my game this summer and get my income not only back up to where it was, but higher!

Graduation

Speaking of summer, another positive thing that happened during this time was I graduated high school.  I now have the summer to dedicate 100% to my businesses until college starts in the fall when I’ll be attending the University of Pittsburgh.  I’ll definitely still be working on my businesses during my time there just like I did throughout high school.

I hope you all have been more productive than me during these past few months and continue to keep it up!  If you’ve been lacking motivation recently or haven’t been as productive as you’d like to be…there’s never been a better time to get going and crush it this summer!  Let’s do this!

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Comments

  1. Still killing it by the looks of it ;).

    Good to see you back on this!

  2. I am inspired by your blogs and passive income. What’s a good starting point for a newbie?

    • Hey Dewayne – There’s two ways to really go about it in my opinion. The first way is to first find a problem that needs to be solved and then find the best avenue to solve that problem (apps, software, blog, physical business, etc). The second method would be to pick the business you want to go into (for example say apps) and then look for problems you can solve or solutions you can improve upon specific to that model. Pat Flynn has a series of 3 podcast episodes on his blog that you can check out here to learn the basics of different passive income business models: http://www.smartpassiveincome.com/passive-income-101/ Hope that helps!

  3. dewayne says:

    One more question. Please give some advice on entering the Kndle and Create Space ebook world. Man if I could make money like that by writing books I would be HAPPY as Pharrell!!!

  4. Hi Thomas,

    congrats on your graduation! Quick question – do you know anybody who sold a Kindle publishing business? I mean, do you know if it’s possible to sell and transfer the entire account to another person? I have published around 40 ebooks and I think somebody else could take a better care of them.

    Thanks!

  5. Hi Thomas,
    You say you had neglected your business for 3+ months !? But still managed to earn some secent some of money. So, dont worry, keep doing what you are doing.
    Best wishes,
    Teresa

  6. Good to see another passive income example that actually work :) How’s your business now? No updates on your blog since June :(

  7. Martin Baďo says:

    Hey Thomas, how are you doing? What is your passive income? :)

  8. Whats your actual passive income ? Sounds good but sharing that motivates more people like me…

    Keep up your good work..

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