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Develop a residual income stream - PEP BB commerce.sand.residual

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Paul Fookes

gardener

Posts: 2135

Location: Gulgong, NSW, Australia (Cold Zone 9B, Hot Zone 6) UTC +10

1020

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posted 2 years ago

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Developing a residual income is necessary to maintain an adequate lifestyle in retirement. In Australia the current CPI is around 5% per annum but the aged pension is indexed at 2.5% meaning that about 2.5% of the pension rate has to be found to maintain spending parity. This BB shows our residual income from Superannuation. Employers contribute to a residual income in retirement called superannuation. To ensure that I can document my PEP journey and update information as I learn more, I have created a journal. The journal entry for this BB is shown below.
For your consideration.

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Proof of Residual Income for Last Financial Year

Failure is a stepping stone to success. Failing is not quitting - Stopping trying is
Never retire every one thinks you have more time to help them - We have never been so busy

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Someone flagged this submission as an edge case BB.
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Note: This seems to be something you bought or invested in? If so, it isn't a fit due to the requirement " - Not something you bought your way into (investment, dividend, CD, etc) "

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Note: This submission has been edited to be different from the original submission. Now it is closer to a "pension".

Melody Cary

Posts: 5

posted 2 years ago

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(This is my first attempt at getting a badge approved, so please let me know if I'm doing this right!)

I created a coloring book that I self-published on Amazon. It's print-on-demand, so I earn royalties every time someone purchases it.

Link to coloring book: https://www.amazon.com/REAL-CATS-Coloring-Book-Adults/dp/1729809715/

Included a screenshot of one royalty payment that came through recently.

It's not making much right now, but certainly fits the "less than $5 per year" requirement of this badge! I'll be making more soon and hope that this can qualify me for the other badges in the future!

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Bethany Paschall

pollinator

Posts: 198

Location: In the foothills of the Blue Ridge Mountains

119

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posted 2 years ago

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I do art and photography as side hobbies. My Dad found a site that you can upload your work and they will print in on stickers, T-shirts, mugs, etc. and give you a percentage of the profit. I have 40 designs up on my shop and I got my first sale today. This income has no foreseeable ending.

Here is the link to my Redbubble shop
BethyBeeHerbs.redbubble.com

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"And we urge you, brothers and sisters, warn those who are idle and disruptive, encourage the disheartened, help the weak, be patient with everyone. Make sure that nobody pays back wrong for wrong, but always strive to do what is good for each other and for everyone else."
1 Thessalonians 5:14-15

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John Pachall

pollinator

Posts: 72

posted 2 years ago

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For making a residual income I decided to post some of my previous and ongoing art projects on a site called Redbubble, which lets you post your art on their site, and other people can buy your artwork on various items, then Red bubble pays you 20% of the income they made off of your work.

Oh, and by the way. If you want any of my art it's still available on Redbubble.

Here's the link.

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Note: Could you include: - A link to something that validates the income stream exists

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Jason Tuller

Posts: 39

Location: Omaha, United States

posted 2 years ago

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I have a residual income stream from a book I wrote: https://www.amazon.com/Easy-Business-Plan-business-straight/dp/1731505329/ref=sr_1_1?crid=3MPJTT13SMB7O&keywords=jason+tuller&qid=1674336182&sprefix=jason+tuller%2Caps%2C279&sr=8-1

It doesn't earn much, but it earns $5 bucks a year.

I added my 1099-misc.

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Jason Tuller

Posts: 39

Location: Omaha, United States

posted 2 years ago

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I added in the picture of identification in the post above.

Holly Magnani

Posts: 85

Location: Columbus, OH

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posted 2 years ago

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I few years ago, I wrote a book rather abruptly...if one can actually do that. It does need to be rewritten but it draws money every month. I have it on Amazon and a few other places. This book tends to make more money around the holidays. I don't promote it at all. I probably should. I get paid two months in arrears so this month (Jan), I will get November's royalties. See attachment. It continues to make money because I leave it up there. If I take it down, it won't. :-)

https://www.amazon.com/How-Not-Be-Asshole-century/dp/0692707298/ref=sr_1_1?crid=XRMIBSL6S0BH&keywords=how+not+to+be+an+asshole&qid=1674680648&sprefix=how+not+to+be+an+asshole%2Caps%2C89&sr=8-1

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My alter ego who has a potty-mouth wrote a book. Check it out here: https://www.amazon.com/Adulting-101-your-straight-succeed/dp/1732148503/ref=sr_1_5?crid=3FBIUWQCJQAPM&keywords=adulting+101&qid=1675194062&sprefix=adulting+101%2Caps%2C96&sr=8-5

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Jean Rudd

Posts: 18

Location: Front Range, Colorado: Zone 5b

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posted 2 years ago

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Hi. I made my first sale of an ebook I wrote called The Poetry Hater's Guide to Loving Poetry https://selfeducatingfamily.com/poetry-guide-landing-page/. I have a website for learning and Charlotte Mason-style homeschooling and I was never able to appreciate poetry before I wrote this.

The guide is designed to help homeschoolers incorporate poetry studies year-round with classic seasonal poems. So it's a timeless ebook and won't become outdated as a revenue stream. It's not permaculture related unless you count growing children!

Here's a picture of my first sale in Stripe.

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~ jean (self-learner, homeschooling mom, DIY'er)
Teach the next generation by teaching them to love learning | https://selfeducatingfamily.com/

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Sara Hjalmarsson

Posts: 16

Location: Skara, Sweden, Europe

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posted 1 year ago

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Hey there,

I'm not sure if this counts, but I believe I have a potential residual income stream here. To be sustainable long-term, this needs to grow, with more subscribers. The simplest way to make this income stream work long-term is to automate the publication of posts several months in advance (I've already automated the posts for publication 2 weeks in advance), hire a VA to respond to subscribers and produce more content while I'm sitting on my mountain top. This particular stream is focused on makeup and special effects but also funds the production of a comedy series that will be hosted at Vimeo Video On Demand for a more passive residual income.

I also have a Patreon page for my videos and blogs about solar cooking and self-sufficiency (patreon.com/sunchefsara), but it is not generating income at present.

I published a book in 2008 and it was a nice source of passive income, but it is out of print now. I have two new books in the pipeline, though. Both of these will be sold on online platforms (probably Lulu and Amazon). If none of the above qualify me for this badge, I'll come back once my books are published.

Best regards,
Sara Hjalmarsson

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Solar chef, entrepreneur, digital nomad, polymath. The more you know, the more you can get done.

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BBV price: 1
Note: Sorry, that stream isn't passive enough (employing a VA, etc). The other ones sound like great options. You may consider posting your out-of-print book to IngramSpark to "print on demand".

Sienna Scott

Posts: 80

Location: Zone 5a, Southern Wisconsin

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posted 1 year ago

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I wanted a way to quickly remember facts about my local fungi and fauna- I found that the best way- outside of a book (which is a whole other thing) were zines.
A zine is a small magazine, I wanted to make on that could be folded into something small and wouldn't break the bank to replace. I was originally going to make a big thing, but the format itself meant I had to limit the number of entries per sheet- and for liability reasons I had to make sure I wasn't making any definitive medicinal claims.
So, with these limitations in mind, I chose to make a zine about identifying and foraging for mushrooms to be used in teas. I spent a few weeks researching and making the art for the zine and I did it all digitally.
Doing it this way meant I could basically list the file on Etsy for a reasonable price, and anyone who had a bit of curiosity and a few bucks could buy it. As it is a digital file, there's no limit on that front, and Etsy lets me auto renew the listing with no input on my part. Eventually I'll move it to another service, but this has been pretty set and forget and should work for as long as I leave it up.

Here's a listing for the first zine I made: https://www.etsy.com/listing/1330097303/foraged-peculiari-teas-shelf-fungi
and my first sale!
I do all my creative work over the winter, so come December, I'll be updating the art for these zines, finishing a flower tea edition, working on a new one for quick conifer ID, and another for berries.

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"We are not destructive by nature but by habit" - Neal Spackman
I keep some of my personal and community projects here if you're interested: My Blog & My Instagram

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Tina Wolf

gardener

Posts: 2122

Location: Zone 8b North Texas

574

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posted 1 year ago

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I wrote a couple meditation books and published them on Kindle Direct. I mainly share them but have made money from them as seen below.

This is the main listing for the owner in Kindle Direct.

This is the royalties page for my books on Kindle Direct.

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Permaculture Playing Cards / Wood Heat 8 DVD Set / Jumbo DVD Package

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Timothy Norton

master gardener

Posts: 5073

Location: Upstate NY, Zone 5, 43 inch Avg. Rainfall

2226

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posted 1 year ago

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Requirements:
- Must bring in at least $1.99 before this BB is complete
- Describe how this will continue to bring in an income for at least a few years
- For purposes of PEP, it must be something you developed
- Product development, residuals, royalties and pensions count
- Not something you bought your way into (investment, dividend, CD, etc)
- Not something that happened to you (insurance claim, accident payout, inheritance, etc)
- This income must be able to continue to come to you even if you're on a mountain top for 3 years without internet access

To get certified for this BB, post the following:
- A description of your income stream and how this will continue to bring in an income for at least a few years
- A link to something that validates the income stream exists
- Proof it made $1.99 or more (needs to identify you but you can smudge out other personal info)

Verification - https://permies.com/p/2155994

My income stream is actually from the Permie's affiliate program. I have found by strategically placing hyperlinks in places that have sustained traffic, I can bring in income from the clicks that come my way. Once the front end work of placing the links is done, it self sustains.

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- Tim's Homestead Journal - Purchase a copy of Building a Better World in Your Backyard - Purchase 6 Decks of Permaculture Cards -
- Purchase 12x Decks of Permaculture Cards - Purchase a copy of the SKIP Book - Purchase 12x copies of Building a Better World in your Backyard

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R West

Posts: 82

Location: Shenandoah Valley (Virginia) Zone 6b

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posted 1 year ago

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To get certified for this BB, post the following:
- A description of your income stream and how this will continue to bring in an income for at least a few years
- A link to something that validates the income stream exists

A year or two back, I created a Redbubble account as a way to burn off some artistic steam and hopefully make a couple bucks as a byproduct. I made some money in 2022, then I got busy and stopped posting new stuff at all this year. I still made $6.09 in 2023. Not big bucks, but still money. I'm guessing I'll keep selling a few things from the shop here and there.

Here's the shop: https://www.redbubble.com/people/AlleghenyDesign/shop

My name isn't attached to this shop in any way, but I screenshotted the dashboard in Redbubble and the matching payment from my bank transactions list. If that's not enough, I'm not sure how to get a picture that identifies me more definitively?

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"If we are not willing to fail we will never accomplish anything. All creative acts involve the risk of failure." - Madeleine L'Engle

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J Garlits

gardener

Posts: 514

Location: Wabash, Indiana, Zone 6a

250

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posted 1 year ago

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My income stream is royalties from ebooks hosted at Draft2Digital

My author portal on D2D's public-facing website Books2Read is here: https://books2read.com/ap/81kMlv/Jim-Garlits

Here is a picture of my (measily) 2023 earnings:

https://jimgarlits.files.wordpress.com/2024/01/draft2digital-jim-garlits-2023.jpg?resize=450%2C450

Here's another something I'd forgotten about until recently: https://jimgarlits.wordpress.com/2010/07/03/for-the-birds/

When I was making these birdhouses, I sold about a dozen of them, mostly the $10 ones, several $20s. At the time of the blog post back in 2010, I'd only sold 3, but they were all $10 houses, though one lady tipped me ten, too. I didn't give receipts, but hopefully the post will show it's own legitimacy. Still have to go out and earn $50 for some Permaculture labor...

Passionate advocate for living at a human scale and pace.
Help me grow the permaculture presence in Indiana https://permies.com/t/243107
Concise Guide to Permies' Publishing Standards: https://permies.com/wiki/220744

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Patrick W Kelly

Posts: 92

posted 1 year ago

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Are cash back rewards on a checking account considered residual?

Mike Haasl

steward

Posts: 15721

Location: Northern WI (zone 4)

4948

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posted 1 year ago

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Not as I read the requirements:

- Not something you bought your way into (investment, dividend, CD, etc)

SKIP books, get 'em while they're hot!!! Skills to Inherit Property
See me in a movie building a massive wood staircase:Low Tech Lab Movie

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Rebekah Harmon

Apprentice Rocket Scientist

Posts: 979

Location: 4a, high mountain dessert

467

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posted 10 months ago

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I've been earning residual income for work I did several years ago in a network marketing company named doTERRA. It's main products are essential oils. It's been 6 years since I was active in the business, and I still receive monthly checks over $200. I am positive this income will continue for at least another 5 years, given the company's high customer retention rate. Even if I do nothing to encourage it.
Proof that the company exists: here is my personal referral link: https://referral.doterra.me/101514
Here's a class video I made over zoom then posted to YouTube several years ago: https://youtu.be/guW35vvmyGw?si=j_W6V7LF1jFjpH9-

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Being weird is easy. Making it mainstream is hard. Be brave! https://www.youtube.com/@healthygreenbrave

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Cheryl Loomans

pollinator

Posts: 301

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posted 6 months ago

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I created an account on Redbubble and added items to my shop. Now that it's setup it requires nothing from me (perfect for spending 3 years on a mountain top)
It will continue to bring in money as long as there is internet for people to shop.

Here's a link to the income stream

https://www.redbubble.com/people/H2oskis/shop?asc=u

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"The winter will ask what we did all summer" - Henry David Thoreau

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There's a city wide manhunt for this tiny ad:

Learn Permaculture through a little hard work

https://wheaton-labs.com/bootcamp