My First Passive Income Stream That's Still Paying, You Can Do The Same

Hello, my name is Paul Tilley

from Paul TilleyDigital and welcome to this podcast. And today I thought basically I would share with you how I sort of started my journey of making money online and the very first place where I actually started to see some income coming from. And like a lot of people it was after reading Tim Ferriss book, I went out there and I started searching. It's quite a few years ago now and I came across the website Udemy that you may have come across or at least seen adverts from, not to be confused with Udemy which is like a

email in mass emailing sort of marketplace Udemy you d e m y is basically a platform where you can develop your own

courses and upload them and sell them. It's quite simple. It's quite a simple model really. And my background was basically developing courses and I was involved in education anyway. So there's a natural progression for me to sit in front of a camera and record myself and I went down the hole I was basically I did loads of different courses in sort of all sorts of different themes from how to start running

to various making money online type of gigs, and then at the time, there was a big thing about

selling on eBay, you know, sort of drop shipping from Amazon onto eBay. And that was working quite well at that particular time. I started dabbling around in that was trying to make some money. I wouldn't recommend that you know, Bali, and so far I know I could put this into course. So I developed a course and that now is totally dated.

But weirdly still make some money as people still buy the course is still there. I don't know why people buy it, but they do.

And I'm not going to move because he brings in some little bits of money here there. And if it helps people still, that's absolutely fine.

And I remember one month getting

in my paypal account about $600. And I couldn't believe it. I was like, Oh my god, you know, I can't believe this actually works. And, you know, basically, for me sitting down for a whole weekend and recording the course editing it, uploading it.

I'm still being paid even now. I mean, years later, I'm still getting little bits of money coming in from a course. And that's really the the passive income sort of dream, isn't it? You do work once. And then he pays you for sort of pretty much the rest of your life maybe if you really

get an evergreen type of course. So anyway, yeah. So Udemy was that was a great platform for me to start on. And I put quite a number of courses on there and had quite a bit of money come through now. The platform's changed quite a lot.

There's a lot more competition obviously, when I got on there, it was quite early on, they've changed their pricing structures. So it's not quite as lucrative as it was several years ago, but I still think there's an opportunity there for people to be making passive income. I think the key for places like Udemy is first of all to find

original content. I think if you do a course like you know how to make $1,000 in one day from Clickbank stuff as a is gonna be really saturated and just, there's probably just not enough people out there who want who would pay money for that. So I think a specific skill is really where a place like Udemy comes in. So if you are a specific skill that you could share on Udemy then

yeah, I think I think you would you would be in a good position start to make some passive income

That, that takes me nicely onto the other platform, which I think is a lot more lucrative now than Udemy. And that's Skillshare. Now scaf shares a great platform, I have recently signed up as a customer to there because I've been upskilling, some of my video work, photography, that type of stuff, and I've watched several courses. Some of those courses are incredibly, highly,

highly produced really good high quality, Film and Sound. So it's a very different platform to Udemy I felt with Udemy it's a little bit raw, it's a little bit you can literally just film yourself on your laptop and put Of course up there I think Skillshare

sort of you need to be a little bit higher spec.

And the difference is with Udemy. You can buy a course for say $10 and

And you'll have access to the course for the rest of your life. So people who bought my eBay course

years ago have still got access to the course if there's so desire. With Skillshare you basically pay so much a month I think it's about $8.

And for that month you have access to all these different courses you get paid yes of Udemy you get a percentage of that $10.