Building a Passive Income Online
The joy of earning a passive income is that it is self-sufficient and reliable, even when you don't put much effort into it.
The key is to get streams of passive income built up, which will take some work to accomplish.
In the long run, passive income is well worth the work that was put into it, since it generates a high rate of return for hardly any work.
Good Tips Passive income is more commonly successful for people in smaller increments.
Hundreds and thousands of dollars is the long term goal; however, at the beginning you are looking at the tens of dollars or less.
For example, lets say you are selling a handful of stock images, which you only net several cents each time.
As this slowly builds, you will notice a new lively side income of selling cheap stock images, and you do the same amount of work as when you first started.
Is Passive Income right for You? Earning passive streams of income isn't meant for those who are wanting to get rich quick, fast, or easily.
It takes patience, time, and imagination.
Even though the amount of work put into a passive stream might be the equivalent of part time hours, many simply give up feeling it didn't work for them.
BE PATIENT and it will happen! It might take a few weeks, months, or a year or two, but DO NOT give up on creating a sustainable income! If you want to do well be in for the long haul, and see your cents add to tens of dollars, hundreds of dollars, and thousands of dollars.
In addition, you also need to be very distinct and clear that this is about making money.
Be motivated, straight forward, honest, and unashamed.
Passive Income isn't the most complicated feat to accomplish; however, it does take some effort and can be done the wrong way.
In fact, many over complicate and over think things that (in most cases) decreases the success of the generation of their passive income stream.
Always keep in mind this simple rule:
Over the past few years the accessibility of stock files is more common thanks to online microstock firms.
iStockpho.
com is a great example of selling much a much higher quantity at a much lower price.
Stock files used to be hundreds of dollars to purchase, but thanks to microstock firms the idea of selling stock files is much more affordable.
In short, a stock file is already made and sold in a large online directory that can be viewed by Internet users.
Instead of commissioning a specific piece of work, a stock file would be used instead, by the buyer, to accommodate what was needed.
The buyer has two options when purchasing a stock file 1.
) A royalty free file 2.
) A rights managed file.
For each sale that is made you make a commission anywhere from 10% - 95%.
In fact, the number of times a file sells and the price of the file are critical factors that make up how much you can make by selling stock files.
Other Stock firms Shutterstock Dreamstime FlashDen iStockphoto VectorStock Web Business Since the Internet became popular so did the idea of a 100% web business.
This idea is so broad and so diverse that we are just going to focus on a business model that has traffic coming in, and advertisements and promotions that are clicked on by this traffic.
The great thing about this model is anyone can be a success with this, if they are committed and have original content to provide.
The most common venture of this model is starting a blog (I recommend that you have your own domain name and use WordPress.
Sub-domains usually don't do well in search engines).
If you use a blog be very careful when choosing an overall topic that you will write about.
To get traffic you need to place in search engines and submit to article directories.
To place well the content on your blog should be relevant to your site, and be content rich (keywords and slightly repetitive) to boost your page rank.
The blog is a very popular route, and is a very effective business model.
Another route to take is a content site.
A content site contains numerous templates, tutorials, or has some sort of popular content that people are going to naturally demand.
Like a blog, the key is to be optimized with the search engines.
If you are unfamiliar with any of these terms check my other articles, or use the Almighty Highlord Eminence - GOOGLE.
To Wrap Things Up In short, I think both selling stock files and creating your own web business are two great ventures to generate an online passive income stream; however, there are many more ways out there to research.
Beware opportunities that sounds to good to be true 99% of the time they aren't.
If (when researching online) you run into an MLM, NETWORK MARKETING COMPANY, AFFILIATE MARKETING COMPANY please research the company in and out before you get suckered into a company that will make you $0.
00.
The key is to get streams of passive income built up, which will take some work to accomplish.
In the long run, passive income is well worth the work that was put into it, since it generates a high rate of return for hardly any work.
Good Tips Passive income is more commonly successful for people in smaller increments.
Hundreds and thousands of dollars is the long term goal; however, at the beginning you are looking at the tens of dollars or less.
For example, lets say you are selling a handful of stock images, which you only net several cents each time.
As this slowly builds, you will notice a new lively side income of selling cheap stock images, and you do the same amount of work as when you first started.
Is Passive Income right for You? Earning passive streams of income isn't meant for those who are wanting to get rich quick, fast, or easily.
It takes patience, time, and imagination.
Even though the amount of work put into a passive stream might be the equivalent of part time hours, many simply give up feeling it didn't work for them.
BE PATIENT and it will happen! It might take a few weeks, months, or a year or two, but DO NOT give up on creating a sustainable income! If you want to do well be in for the long haul, and see your cents add to tens of dollars, hundreds of dollars, and thousands of dollars.
In addition, you also need to be very distinct and clear that this is about making money.
Be motivated, straight forward, honest, and unashamed.
Passive Income isn't the most complicated feat to accomplish; however, it does take some effort and can be done the wrong way.
In fact, many over complicate and over think things that (in most cases) decreases the success of the generation of their passive income stream.
Always keep in mind this simple rule:
THE MORE YOU PUT IN, THE MORE YOU WILL GET OUT IN RETURNSelling stock files Stock files are usually associated with stock images; however, can also be audio, video, fonts, flash, and even websites.
Over the past few years the accessibility of stock files is more common thanks to online microstock firms.
iStockpho.
com is a great example of selling much a much higher quantity at a much lower price.
Stock files used to be hundreds of dollars to purchase, but thanks to microstock firms the idea of selling stock files is much more affordable.
In short, a stock file is already made and sold in a large online directory that can be viewed by Internet users.
Instead of commissioning a specific piece of work, a stock file would be used instead, by the buyer, to accommodate what was needed.
The buyer has two options when purchasing a stock file 1.
) A royalty free file 2.
) A rights managed file.
- Royalty free is a one time payment for unlimited uses of the stock file.
- Rights managed is a reoccurring fee for each specific use of the stock file.
For each sale that is made you make a commission anywhere from 10% - 95%.
In fact, the number of times a file sells and the price of the file are critical factors that make up how much you can make by selling stock files.
Other Stock firms Shutterstock Dreamstime FlashDen iStockphoto VectorStock Web Business Since the Internet became popular so did the idea of a 100% web business.
This idea is so broad and so diverse that we are just going to focus on a business model that has traffic coming in, and advertisements and promotions that are clicked on by this traffic.
The great thing about this model is anyone can be a success with this, if they are committed and have original content to provide.
The most common venture of this model is starting a blog (I recommend that you have your own domain name and use WordPress.
Sub-domains usually don't do well in search engines).
If you use a blog be very careful when choosing an overall topic that you will write about.
To get traffic you need to place in search engines and submit to article directories.
To place well the content on your blog should be relevant to your site, and be content rich (keywords and slightly repetitive) to boost your page rank.
The blog is a very popular route, and is a very effective business model.
Another route to take is a content site.
A content site contains numerous templates, tutorials, or has some sort of popular content that people are going to naturally demand.
Like a blog, the key is to be optimized with the search engines.
If you are unfamiliar with any of these terms check my other articles, or use the Almighty Highlord Eminence - GOOGLE.
To Wrap Things Up In short, I think both selling stock files and creating your own web business are two great ventures to generate an online passive income stream; however, there are many more ways out there to research.
Beware opportunities that sounds to good to be true 99% of the time they aren't.
If (when researching online) you run into an MLM, NETWORK MARKETING COMPANY, AFFILIATE MARKETING COMPANY please research the company in and out before you get suckered into a company that will make you $0.
00.