For many entrepreneurs, passive income is the holy grail of online and internet marketing. I must say that making money day and night without much effort sure sounds sweet. Unfortunately, there are so many misconceptions around passive income that entrepreneurs often have unrealistic expectations that keep them from having real passive income.
How does passive income work, really? What can you really expect if you want to embark on the journey of creating streams of passive income?
Passive Income Requires Upfront Work to Create and Aggressive Actions
Passive income is a bit like a rocket. It takes a lot of energy to get it off the ground. Once it’s off the ground however, it requires far less energy. The expenditure is no longer on getting the rocket moving, but on steering the rocket.
There are two ways to create passive income: To buy it or to create it. And to create it is a lot of work. There’s no such thing as passive income for nothing.
Adapt to Suit Your Business Environment:,
Passive Income Vehicles Online
- AdSense websites. If you have a site with good search engine rankings and you’re monetizing with AdSense, then as long as your rankings increase, your income will be 100% passive.
- Info Product. If you own an info product and have a sales funnel setup that includes driving traffic and converting that traffic, then the sales will keep coming in even while you sleep.
- Affiliate Marketing. Again, if you’re bringing in consistent traffic, whether it’s through organic SEO or through PPC traffic, so long as the traffic remains constant you’ll keep collecting a paycheck whether or not you put in any work.
Keep in mind these are just a few of the many options available to you. New ways of making money online are being invented every single day.
However, it’s important to remember…
Nothing is 100% passive. Robert Kiyosaki, author of Rich Dad Poor Dad, once said: “Never get involved with a passive income vehicle you don’t love. If you do, you won’t maintain it.” That’s more true than ever online.
If you’re committed to creating this level of success for yourself, then go out there and start building passive income for yourself – Starting today. Implement an aggressive marketing strategy for each vehicle and watch the over flow.