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To avoid any confusion, "passive" does not mean you don't have to work for it OR that you don't have to do atleast some maintenance. In the online marketing world, passive income is made by a "machine" that you build and run maintenance on. Knowing how to make a passive income online is simply knowing how to get the "machine" up and running.
Website
Having your own website is critical to your success. This is your online real estate and can be though of as something akin to a shop- or to be more accurate, an automated vending machine. To have an income that lasts, your best bet is to set up your own website YOU own and YOU control rather than counting on something someone else built. On the flip side, you only have yourself to hold accountable for your success or failure.
Sales
Despite what some internet "gurus" would have you believe, you have to actually sell something to make money online, period. Money has and always will be a medium of exchange for goods and services(this includes information).
MLM
The closest thing to a business model that doesn't involve sales is a multi-level-marketing(pyramid scheme) set up like Empower Network. These are based on getting more and more people involved in the same crap so that everyone throws some cash upstairs, with the owners cashing in from every up top. By definition, these are not sustainable. You might manage to be successful for a time in one of these, but one day the floor will fall out from under you and you'll be back at square one.
Passive income
Ok, so how it should all work is that you provide your visitors with something valuable(such as information, gossip, pretty pictures) and steadily aim to get more and more traffic as time goes on. You monetize on your traffic in a number of ways such as affiliate marketing, adspace, or even writing and selling your own Ebook! There are tons of possibilities here! Remember the golden rule though: you have to sell something to make money. Even ads are a service sold to the destination website.
It is just that simple!..kinda...
And it really is that simple! Well, at a glance it is! You will have to learn how to set up and run a website before you can ever get started. Once you've done that, you can get to work on building traffic and finding some way to make money off of it. It does end up being quite difficult but this is to be expected of anything that rewards you with a real, passive income!
I`d actually go so far as to say that ALL the hard work it up front. When you`re already making money, it doesn`t seem so hard anymore. I mean what`s a blog post a day when you have a steady(and building) income?
I know what you mean. It feels as natural as talking to me at this point. Don`t lose sight of the bigger picture either- for most of us, the altrnative is a whole lot worse than a little writing every day!
I`m working just to get back on my feet. Still living with my parents at 22 sucks. Don`t "try" that`s the wrong way to look at it. But believe me, I feel your pain and then some. Maybe the internet isn`t a gold rush anymore, but lets get out our sifting pans and go to the creek lol.
Yea, it really is simple in theory. Just like brain surgery.
Good job on the article,Chip. I like the landing but the blue image is too powerful and doesn't reflect a "money" or "internet" reference. Other than that your landing page is excellent.
I had a perfect one before with a picture of a globe to represent the internet. I really liked it but the theme that came with it messed everything up. Now I have a perfect theme and a bad image...
Hey, the image isn't bad. it's a cool image, actually. It would be great for a starry page about the cosmos.
Well ok- not bad but rather inappropriate. Speaking of which, I made a tiny site about life on Mars. It`s in my latest article.
Nicely put Chip. So true about MLM and throwing cash upstairs. Very realistic article Thanks!
In most countries, MLM is illegal. That`s why Empower network is based in Costa Rica and doesn`t use paypal. They will eventually get taken down anyways though.
A great article on the basics needed to start earning passive income.
Yup it`s all very simple. I always tell people who ask to just get started, it`s the easiest way to learn!
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