5 Passive Income Streams That Made Me $5859.65 in July 2023

Welcome to my sixth instalment of passive income reports.
I’ll provide you with a breakdown of each income stream and the steps I’ve taken to maintain each income.
If you are not up to date with my previous reports you can read my June passive income report below.
1. Amazon KDP -$4497.43

July was my highest month of the year, with a 12% increase from May. I only had 2 days when I earned under $100
My top 3 best-selling books of the month included 2 activity books and a log book.
You can read this in-depth article that includes my expenses.
2. Youtube -$620.07

I only uploaded 5 videos during the month of July. My income is 29% down from the previous months as I took a longer break this month to renew and refresh my mind.
Youtube is a great income source however it is the most time-consuming and you need to keep uploading videos in order to maintain views and income.
If income is most important to you then you will find yourself on a hamster wheel but I’m aiming to focus on finding balance and diversifying my income streams with youtube through my affiliates, digital products and services.
You can check out my channel on Amazon KDP and making money online here.
3. Digital Products -$353.83

I launched my first digital product in June and I’ve been really excited by the uptake and response.
I’ve had great feedback so far and it gives me the confidence to launch even better products in the future.
I’ve been using Payhip, for my digital products and services and promoting these products and services through my social media platforms.
Click on the following link for my digital products and services: https://royaltiesondemand.com/collection/all
4. Affiliate Marketing -$241.31
I create videos about products and services I use for my online businesses across social media platforms. It’s important to build up trust with your audience first and once you have a dedicated audience, they are more likely to use your affiliate link.
5. Medium -$147.01

July was my second $100+ month and I really enjoy developing my writing process, the feedback and learning from other writers.
I wrote 11 articles during the month which is the lowest amount I wrote in a month on medium so far. I’m going to test out writing an article a day during the month of August to see how it affects my earnings.
My top 3 articles of the month include:
Final Thoughts
July has been another consistent month with over $5k in passive income. I’ve built these income streams over the past few years at separate times and whilst it has not been easy, seeing the growth and learning new skills has helped me stay on this path.
I’m working towards reaching $10k in passive income by December 2023 so there is still a lot of work to do.
I will be moving my monthly income reports to my newsletter after December 2023. Make sure you join my free newsletter, Royalties On Demand, which offers tips and strategies to build a sustainable income online.
Let me know how the month of July went for you.
