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Want to earn money online while you sleep? I know that I do. My goal has been to build up my passive income online over the last couple of years. I have done this very slowly, working here and there at it because I already have a full time day job. Now some people will argue that the income is not truly passive because I am working hard to build it up.
Want to earn money online while you sleep? I know that I do. My goal has been to build up my passive income online over the last couple of years. I have done this very slowly, working here and there at it because I already have a full time day job. Now some people will argue that the income is not truly passive because I am working hard to build it up. This is a valid point but it I would still argue that the end result is mostly passive. Right now, I am getting paid just over $300 bucks per month and this is only taking about 30 minutes per day to keep that money rolling in. So no, the money is not truly passive but it is darn close. Now what really gets me excited is that the amount of passive earnings is going up and up each month. I used to only make about $100 dollars per month from my online ventures and before that it was even less. And yet I continue to work for about a half an hour each day in order to produce that income. If I want to grow this income further I have to spend extra time but I can always revert back to a half an hour per day and still have the checks keep rolling in. The exciting part about all this is that within about two or three years (possibly even less) that $300 dollars per month will have grown to around $1,500 per month and that is well within what I need to make a modest living from. I currently have no dependents and I'm also working 40 hours per week so having that kind of extra income would be very powerful indeed. Once I reach such a point with my passive income streams then I would likely quit my day job and focus exclusively online. Some people would argue that this is not really passive, but it is better to work for 30 minutes at your house than to have to get up and drive in to work every day. The truly amazing part will be when my online income starts to exceed my day job income. Like I said I project that this point will be in about 3 years at the most. So how do I make this passive income online? There are many different ways to make money online but I usually go the route of optimizing sites for search traffic and then making money using contextual advertising. There are other ways to do it but this has been fairly successful for me and it seems to scale quite well. Think about this: if you can make a website like I did that is pulling in 300 dollars per month in passive income, what is to stop you from making a dozen such websites? That is the power of the internet - it is all about scale. You can use something that is already working for you online and multiply your success in to other websites. This is actually what I'm trying to do right now and thus I have some other new sites that are in the works and targeting new key terms. So if you want to make passive income online then my suggestion is to start up a website or even a free blog and start cranking out a few articles. The real challenge is of course in building links to your website and that is where the real money is at. If you can get others to link to you then you win. You will make passive income. Simple as that. |
