Passive Income For October 2008: A New Record!

I’ve been busy with Business School and it’s been an insanely hectic month. Forget about writing posts, I haven’t even had much time to sleep!

I just ran the totals for passive income for October and I found out I’ve broken my previous record for monthly passive income that I set in June.

Monthly Passive (alternative, online & dividend) Income was $3,454.99.

The total online income was $2160.67 which is lower than my record by ~$95. However, my investment in a Japanese REIT paid a quarterly dividend that pushed up my dividend income over the usual $1000/month to a total of $1259.18.

Here’s the breakdown of the $3,454.99:

Online Income:$2160.67

Dividend/Alternate Income: $1259.18

  • ING Savings Account: $111.18
  • Direct Oil Drilling Investment: $397.53
  • Dividends from Canroys: ~$412 (after tax deducted at source)
  • Other Dividends: $338.47
  • The affiliate income from Ebay was almost $650 last month. Year to date, I’ve made $2,220 from my Ebay sites. Adding storefront on this site has also helped my income.¬† The store targets people who want to buy online businesses, cheap real estate and timeshares, gold coins and other income producing ventures. I recently added a go-kart for sale page.

    Some of the other ebay affiliate sites are .info sites that I bought .info domains for $0.99 from GoDaddy and created them using BANS software, which automatically pulls the relevant content from Ebay. They’re all hosted on Dreamhost, for which I pay under $119.40/year for unlimited domains, 500GB of bandwidth and some couple of TB of data. Dreamhost is currently running a special, where you get four times the usual disk-space and bandwidth! Also if you prepay for 5 years you get $150 off.¬† They’re currently running a special where you get unlimited bandwidth and disk space at no extra cost for the next 11 years. Use code PassiveIncome to get $19.40 off your hosting or Dividends to get a free domain registration.

    Note: Setting up BANS on Dreamhost requires a little bit of tweaking. If you’re not very familiar with setting up websites then I strongly suggest using HostGator for your hosting. They cost about the same and have pretty good compatibility with the BANS software. But don’t ask me for support!

    If you want more info on how to generate passive income from sites, look at the 2nd half of this post (look for the section on Niche Sites). I also recommend¬† the secret cash plan ebook. It’s a primer on the different methods to create online income. It has a very good section on finding niche market segments. It only costs $20 and it has a money back guarantee.

    For more info on the other online sources of income, check out my previous passive income updates.

    But while my passive income is up, my stock portofolio has been almost decimated. While it’s actually update 20%+ from the lows of last month, its down 50% for the year. Luckily I barely have any leverage, otherwise the account would have been wiped out!

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