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Published on: June 19 2023 by pipiads

Passive Income Report: May 2019

Hey, this is Johnny from JohnnyFD.com, and it has been another crazy 30 days. In this income report, I'll be sharing the sources of my passive income, how much they made this month, and what I've been playing with to grow my income. I hope you can learn from my mistakes as well as my victories.

Income Streams:

1. Kindle Books: My book sales generated $197 this month. Though it's not my biggest stream of income, it's the most rewarding to me.

2. Udemy Courses: Udemy now forces instructors to price their courses between $20 and $50. My earnings for this month were $184, which is my worst month ever on Udemy.

3. Dropshipping: This is my biggest source of income. I made $37,726 in sales for my main store, spending $2,800 on ads. My profit for this store is still being calculated.

4. Miscellaneous: My YouTube ad income generated $67 this month. This is completely passive since it's for a video I made almost a year ago.

Other Highlights:

- I tripled my budget for one of my dropshipping stores, resulting in a big increase in sales.

- I traveled a lot this month, visiting Koh Lanta and Taiwan.

- I spent a lot of time at Punspace, my favorite co-working space in Chiang Mai.

- I participated in Songkran, the water festival in Thailand.

- I sold some products on eBay, following David Vu's advice.

This month, I made $4,650 from dropshipping alone. This replaces my entire income from my job back home. What's great about it is that it's semi-passive, taking only a few hours of work a week. Overall, I'm happy with my income streams, and I hope to continue growing them.

F&*^ Udemy Drop Shipping Training Courses!!!

- The speaker talks about changing his mind about courses in internet marketing

- He has been trying to make money online since 2001

- The speaker believes that social media has changed the way courses are marketed

Changes in Internet Marketing:

- Before social media, people would sell courses through one-page ads or websites

- The success of internet marketers was based on customers not knowing what was going on

- People would buy courses out of fear, emotion, or not knowing

- Social media has allowed the average person to create quality content and sell courses

- There is a lot of free information available on YouTube

- Social media has led to less scams and lies in internet marketing

Changing Perception of Courses:

- The speaker encourages making educated decisions on purchasing courses

- Transparency in course marketing allows for more informed decisions

- The speaker still offers a free course and encourages trying out cheaper courses

- The speaker is cautious about buying courses on Udemy and recommends not reviewing them before finishing the course

- The speaker wants to explain his thoughts on courses in internet marketing

- He encourages making informed decisions and being cautious about buying courses

- He emphasizes the importance of transparency in course marketing and the role of social media in changing the internet marketing landscape.

I Tried Dropshipping With $100 (Realistic Results)

In this article, we will discuss how to start a dropshipping business with only $100. We will go through the process of finding a winning product, building a Shopify store, and creating content for TikTok to drive traffic to the store. We will also go over the challenges and rules that come with starting a business on a budget.

Step 1: Finding a Winning Product

To start with, we need to find a winning product that we can sell. We will use TikTok as an organic marketing strategy, so we need a product that has the potential to go viral. We scroll through our TikTok feed and look for interesting products that we can potentially sell. We come across a portable Bluetooth speaker that amplifies sound when placed on a metal or glass surface. We research the product and find that we can source it for $21 on AliExpress, and we can sell it for $40 on our Shopify store.

Step 2: Building a Shopify Store

We use a 30-day free trial of Shopify to build our store. We name our store Porta Speaker and create a product page for our Bluetooth speaker. We use high-quality images and GIFs to showcase the product. We also add a reviews section to our product page to build trust with our potential customers.

Step 3: Creating Content for TikTok

We create a TikTok account for our store and start filming content for the Bluetooth speaker. We film videos of the speaker being placed on different surfaces to show how it amplifies sound. We also ask our audience to vote for the surface that sounds the best. We post regularly and try to get as many views and likes as possible to drive traffic to our store.

Starting a dropshipping business with only $100 is possible, but it comes with its challenges. We need to find a winning product, build a Shopify store, and create content for TikTok to drive traffic to our store. It requires hard work and patience, but with the right strategy, we can make a profit and potentially grow our business.

Online Income from Courses and Drop Shipping, Udemy, Teachable, eBay, Amazon, and Sh

In this article, we will be discussing a Skype call between Jack and Joe, who has a YouTube channel about EXO and is working on Udemy courses. The conversation revolves around Joe's courses and his questions about income paths and pricing. They also discuss drop shipping and the minimum capital required to get started.

Drop Shipping:

1. Minimum Capital Required:

- The appeal of drop shipping is that you don't need much capital to start.

- However, stability can be a problem, especially if you're in another country and selling into the US market.

- The only costs associated with drop shipping are cash flow, programs, and virtual assistants.

- Having some capital is helpful to alleviate cash flow problems.

- Virtual assistants can give you a competitive advantage and help you do better in any form of drop shipping.

- The main three forms of drop shipping are on eBay, through Shopify, and on Amazon.

2. Costs of Operation for an eBay Store:

- The costs of operation for an eBay store are typically low.

- You will mostly be paying a 10% fee on the sales that you make.

- The cash flow works by making the sales and using that money to pay the fees.

Udemy Courses:

1. Best Practices:

- All courses should be paid and start out as paid.

- Have a mini course on the side that acts as an advertisement or an entry to your paid course.

- The mini course will absorb the bad analytics that you get from having free courses but will also enable you to grow an audience on Udemy because it is free.

2. Pricing:

- Udemy courses should be priced at the maximum price of $200.

- A coupon code is just a link that claims the traffic as your own.

- Virtual assistants can help with creating coupon codes.

In conclusion, we have discussed the minimum capital required for drop shipping, the costs of operation for an eBay store, and best practices for Udemy courses. Virtual assistants are essential in both drop shipping and Udemy courses to give you a competitive advantage. It is important to have some capital to alleviate cash flow problems, but it is still doable without it. Pricing Udemy courses at the maximum price of $200 is recommended, and virtual assistants can help with creating coupon codes.

Easiest Way To Start Dropshipping From Scratch (Exactly What I Did)

How to Start a Successful Dropshipping Store: My Exact Strategy

Starting a dropshipping store can be overwhelming, but with the right strategy, it can lead to success. In this article, I will share my exact strategy for starting a new dropshipping store from scratch.

Step 1: Finding a Winning Product

- Look for products that are currently trending on Facebook and Instagram

- Choose a product with mass appeal

- Determine if the product has good profit margins

Step 2: Building a Hybrid Store

- Combine the benefits of a one-product store and a general store

- Model your store off of what's already working

Step 3: Getting Traffic and Customers

- Learn how to create a video ad for your product

- Launch your first ad with a low budget strategy

- Analyze the results and make improvements

Step 4: Running Your Business

- Work with an agent to fulfill your products faster

- Scale up your Facebook ads once you have a winning product

- Continue to improve and make changes as needed

Starting a successful dropshipping store takes time, effort, and strategy, but it can be done. By following these steps and making improvements along the way, you can build a profitable online business.

Dropshipping: Halal or Haram? - DR ZAKIR NAIK

What is the Islamic ruling on conventional dropshipping, and how can it be made permissible according to Sharia law?

Dropshipping is a popular method of online retail where a seller does not hold inventory but instead purchases products from a third party to fulfill customer orders. In Islam, the conventional method of dropshipping is considered haram because it violates two important requirements for Muslim sellers: ownership and possession of goods. However, there are alternative methods that can make dropshipping permissible according to Sharia law.

1. Conventional Dropshipping:

- A seller advertises products on their website or app without owning them.

- Once a customer pays for the product, the seller buys it from a manufacturer and asks them to ship it directly to the customer.

- This violates the Islamic requirement of ownership and possession of goods.

2. Islamic Requirements for Selling Goods:

- A Muslim seller must own and possess the goods they are selling.

- They must provide accurate details about the product, including weight, measurement, and date of delivery.

- They must ensure that the payment is made in full and not in parts.

- They must take liability for any issues that arise during the transaction.

3. Salam Transaction:

- A Salam transaction is a contract where the buyer pays in full for a future delivery of goods.

- The seller must provide accurate details about the product and delivery date.

- The buyer does not take possession of the goods until delivery, but the seller must ensure they have ownership and possession.

4. Alternative Methods for Permissible Dropshipping:

- A seller can use a Salam transaction with the manufacturer to fulfill customer orders.

- A seller can appoint a courier company as an agent to pick up goods from the manufacturer and deliver them to the customer.

- A seller must provide accurate details about the product and take liability for any issues that arise during the transaction.

Conventional dropshipping is haram in Islam because it violates the requirements of ownership and possession of goods. However, alternative methods, such as Salam transactions or appointing a courier company as an agent, can make dropshipping permissible according to Sharia law. Muslim sellers must provide accurate details about the product, take liability for any issues, and ensure payment is made in full.

Shopify Drop-shipping Model By Udemy

The Shopify dropshipping model is a great way to sell products without actually owning them. In this model, you buy products from a retailer and sell them on your own Shopify website for a higher price. The retailer ships the product directly to the customer, so you never have to worry about inventory or shipping.

How the Model Works:

1. Find a retailer, like Aliexpress, that sells products cheaply.

2. Buy a product from the retailer, like a $10 watch.

3. Sell the product on your Shopify website for a higher price, like $50.

4. Find customers through advertising, like Facebook ads.

5. The retailer ships the product directly to the customer.

Benefits of the Model:

1. You never have to worry about inventory or shipping.

2. You can make a profit by selling products for a higher price.

3. You can advertise through social media to find customers.

The Shopify dropshipping model is an easy and effective way to sell products online. By finding a retailer, selling products on your own website, and advertising to find customers, you can make a profit without ever owning the products or worrying about shipping.

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