GRAHAM Cochrane lost his job, but he turned that unfortunate event into a business opportunity.
He was only 26 when he made this decision and faced more than one challenge.
Graham, now 38, wrote in CNBC that when he started his production business, he struggled to make ends meet.
He said, “I [only] earned between $800 and $1,000 per month”.
On top of that, his wife wasn’t making much money either, as she was trying to turn her job as a freelance photographer into a full-time business.
As the two did not have significant streams of income, they began living off their savings and food stamps.
Graham’s genuine desire to earn more money then increased when they became parents.
He said: “So later that year I decided to start a music blog – The Recording Revolution.
“I thought having an online presence would help me attract more production clients.”
Fast forward 12 years and Graham is now earning $160,000 a month in passive income while working just five hours a week.
How Graham Did It
In his first year of launching Recording Revolution, he posted three blogs on his website and one video on YouTube per week.
As his audience grew, he saw an opportunity to monetize his content.
So, to land video sponsorships and advertising revenue deals, Graham created a press kit that shared his website traffic and reader demographics.
But, even then, Graham still wasn’t making much money.
In 2010, he decided to change his habits and launch his own digital products, such as e-books, online courses and online coaching.
Later that year, he sold his first online course for $45.
Over the past six months, he has generated $120,000 per month in passive income through the Automatic Income Academy, which is an online course.
The money also came from a coaching program called The Epic Mastermind and affiliate commissions from a company known as Kajabi.
Currently, approximately 2,800 business owners use Graham’s coaching products.
Today, the Recording Revolution earns him about $40,000 a month.
For more ways to make money, check out 30 Ways to Generate Income from Home.
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