Multiple Streams of income (Stream 1)
I have always traded time for money. Whether in a regular 9-5 job or as an in-home computer technician. My 9-5 has its benefits for sure – health insurance, stability, comfort. Both my freelance and 9-5 have the same thing in common though – I am paid for my time. I love my job, don’t get me wrong. The company I work for offers a great deal of flexibility with time off and hours worked. I appreciate that my work environment values work ethic without encouraging burn out.
Even though my job is ideal I have been thinking about creating many income streams for a few months. I set my goal to make $10.00 of passive income per month. As of today, I’m $2.39 of the way there. On July 9th, I published my TP-Link Smart Plug Utility app on the Windows 10 Store. This app allows users to use their Windows 10 device to control TP-Link smart plugs on their home network. Shameless plug (pun intended) – it’s available here for $0.99. So far, the app has made three sales. MIND. BLOWN.
A good friend that has a similar utility in the Microsoft Store for a competing smart plug. Their app has sold over 8,000 copies over roughly five years with almost zero attention. Dividing that out over 60 months that is about 130 copies sold per month on average. If my app performs at even half that level I will have exceeded my $10.00 a month goal by at least five times. Exciting!