Interesting that this guy recognizes that you can make money online but doesn't want to! If you want to, give me your details at the top left and take a look at the free videos to see if it might be for you.

Tony

"Mom told me that her friend said that you can make money online. Well, of course you can. People are doing it all the time. I guess I just feel like I do not have the time for this. I just want to make sure that my mother understand that I have a full time job, and I do not want to bother with setting things up. I know that people who can bother with it will earn a lot of money because they are willing to make the effort. However, this is not something that I am interested in doing for myself at all. It is not like it isn’t a good idea. It really is a good way to earn income. However, I just do not feel like it is for me. Perhaps if she wants to get started on her own, she can. This is just not something that I see myself doing for awhile"

Building Multiple Streams of Income

With acknowledgements to the "Saving Money Today" blog

Ever since my wife quit her job to stay home and raise our kids I’ve been on a quest to create as many streams of income as possible.  I currently have this blog and a small portfolio of web sites that earn me a nice little side income.

In addition to the obvious benefit of extra income, my online efforts offer us some protection by diversifying our income sources.  While my online income can’t replace the salary I receive at my full-time job (not yet anyway!) it would buy us some extra time and breathing room if I were to lose my job.

If you haven’t already started building multiple streams of income for yourself, perhaps it’s time you started.    Take baby steps and add one small income stream at a time.   And keep reminding yourself that as you build those income streams they will slowly join together to form a raging river!

Ideas For Building Multiple Streams of Income

Working part-time at a second job is probably the first idea people have when brainstorming ways to make extra money.   You can also earn extra money by pet sitting, mowing lawns, delivering newspapers, or doing odd jobs around the neighborhood.

The downside to these methods is that your earning potential is limited to the number of hours you can work.  If you’re too tired, sick, or just plain busy to deliver papers or mow lawns…you don’t get paid.

I prefer to search for more passive income ideas.  Enter the internet.

I launched my first web site back in 2004.  It was nothing fancy, just a small static site consisting of about a dozen pages about wine.  Right now that site is  averaging about $2 a day in Google AdSense revenue.  That may not sound like much, but that’s for a site that I have barely touched in years and do almost nothing to promote.

I have other sites too in addition to this blog and they are online 24 hours a day, 365 days a week.  Even if I’m sleeping or away on vacation, they are running and making me money.  That’s about as close to passive income as you can get.

Have you ever considered launching your own website to make extra money?  Why not?

You’d probably be surprised how easy it is to get started, and it requires almost no start up costs.  You can get your own domain and web hosting package for about $100 a year.

Now don’t get me wrong.  Making money online does take hard work and patience.  Anyone who says otherwise is trying to sell you something.

But, the beauty of the internet is that once you go through the initial effort of setting everything up, it can be relatively easy to maintain.

Passive Income Tips. Develop Passive Income

Thanks and acknowledgments to "Passive Income Pro" . 

"The More Your Know, the Faster It Will Grow!!" What will grow faster if you know more about it? Well, a number of things, but here we are only interested in one, the creation of passive streams of income.That's what these passive income tips are here for.

The reason why most people do not earn any automatic income, the reason they all work hard never get ahead, is because they do not know what passive income is, how it is made, and how they can get started. Before anyone can create multiple streams of passive income they must have a pretty keen understanding of how it is done. That is why I am hoping the passive income tips on this page will give you a boost in Passive Income I.Q. and help you get closer to your financial freedom goals.


Passive Income Tips...

Know Exactly How Much You Need Financial Freedom
Financial freedom is a state of living where you have enough money coming in to pay for your desired lifestyle, all without having to work. When you have enough passive income to cover your cost of living, you are completely financially free. How much passive income would it take to set you free? How much income would you ultimately enjoy having each month to spend? Goals give power to our actions, and knowing your goal for automatic income will give you the power to create the life you want.

Choose the Best Path
There are infinite possibilities when it comes to developing passive income, but they all fall into one of two categories, Business vs Investing Income. Which is best for you? Well, it depends on a number of things including your skills, experiences, abilities, your unique interests, as well as your starting capital. Investing can require a lot of upfront capital before substantial profits can be made, which makes the business route more accessible to a wider range of people.

Choose Your Vehicles Wisely
Once you decide to tackle one of the main areas of passive income, you need to choose individual income vehicles. Once again, you will want to assess yourself and choose the income opportunities that are best suited for your goals and capabilities, as well as your interests and passions. Take time to investigate possible opportunities before jumping in head first.

Invest Time in Mastery
Depending on the methods that you choose to develop passive income, you may or may not need to invest money. However, in either case you should plan on spending time to master the income streams that you have chosen. If you are going to build a free passive income business from scratch, you will obviously need to invest a lot of time building and growing your business income. And if you choose to invest for automatic income, you will want to take time to invest in your knowledge and application of proven investment principles.

Make Passive Income Building a Regular Habit
If you think that you can get started today and create financial freedom within a few weeks, you are not going to make it very far. It takes time, often several months or even years before real earnings will be seen on a regular basis. Take your financial goals seriously, and make a habit out of working toward them. Individuals who commit to spending time each day to develop passive income create lifetimes of unlimited wealth.

Diversify and Grow
Mastering a single income vehicle can give you everything you need for freedom, but as you may find out for yourself, building wealth can be a fun and exciting journey, and you may find yourself reevaluating your goals and setting them even higher. The great thing about automatic income is that it works in its own, so you can create multiple income streams without having to use up all of your time. Diversify into a number of money streams and grow a powerful, long term income.

Look Toward the Internet
Over the past few years I have used many avenues to develop passive income, but now I look almost solely to the internet for new and exciting ways to make money on autopilot. My favorite sources of income are my websites. A website can make money 24 hours a day, and with simple software like the Site Build It! website builder, you can effortlessly build a winning money generating website with no previous experience.


I hope you have enjoyed these passive income tips. You can successfully develop passive income, it just take patience, persistence, and attention. And while I will be the first one to forewarn you that a lot of work may be involved, especially if you do not already have a lot of money to invest and therefore need to invest your time and energy.

But I will also be the first to tell you just how exciting and rewarding it can be to begin creating multiple streams of income that earn you money around the clock. Begin now to plant seeds of automatic income and watch as your financial freedom begins to take flight.

NB: For five superb free videos as an intro to my "Pensions Boost" system for establishing your retirement income just enter your name and email address in the space at the top left of this blog.

After eating an entire bull, a mountain lion felt so good he started roaring.
He kept it up until a hunter came along and shot him.
The moral: When you're full of bull, keep your mouth shut.

Will Rogers

How to Make Money Online (For Beginners)

 “I am trying to figure out where to start with internet marketing. I just read your post about lifestyle and I know the kind I want for my family, I just don’t know where to start…”

-Lynn Woolums Smith

Hi Lynn! I actually hear this question a lot, so you’re not alone. In fact there are 161 searches every day for “how to make money online for beginners” and more than 700/day for “how to make money online”…

There are a number of ways to make money online. Options range from creating your own product to sell online, making money as a professional blogger, managing an online community, developing a content site on a hot topic – just to name a few.

All of these are just various ways to deliver content online. Your first step will be choosing a niche, which is the market or topic you are going to focus on.

Speaking of focus, with so many options to make money online – focus is key. You want to choose a niche and a business model, and work on that one project all the way from start to profit. Don’t let all the other options distract or derail you.

Once you decide on a topic or niche, you should sit down and map out a plan for your internet business model. What market are you targeting, and how can you best serve that market? This is the angle you want to work from, vs the more common: how can I make the most money from this market? (Most people get it backwards and then get frustrated when that doesn’t work out for them)

So you choose a niche, create a blog or website, set up social media profiles to interact with your target market on the topic, and you create and share useful content that will build your reputation and readership in that niche.

I can hear what you’re saying…

“That all sounds great, but how do I make money from it?”

How to Make Money Online (For Beginners)

The absolute easiest way to make money online is with Affiliate Marketing. You don’t have to create a product, set up a shopping cart and merchant account, do customer service, work with clients, etc. It’s very much like a traditional commission-based sales job where you earn commission on any sales you refer.

The difference is that you’re doing it online, and you can do it from home without ever doing in-person or phone sales. You simply recommend products and/or refer people to specific merchants through the content on your website.

The method I prefer is creating SEO Content, or content that is optimized to rank well in the major search engines. People find it when they are searching for that, click through, and buy what they need or want. This works really well because you write the content once, and it continues to rank well and earn you money for years to come. As long as you maintain your search engine rankings.

“How can I make 3-4k a month or more? What steps will it take to get there?”

I know this is stating the obvious, but it should be said: It takes time, work, and being both persistent and consistent. An online business is the same as any other business in that it requires an investment on your part to get it up and running. The positive side of online business is that it takes a lot less time and money than most traditional offline business models.

Do these 10 steps, in this order, to get started:

Choose Your Niche

Register a Domain Name

Set up a Website or WordPress Blog

Set up a Facebook Page and Twitter account

Download and read SEO Fast Start (free)

Create Optimized Content for your Site/Blog

Sign up for Affiliate Programs in your niche

Write Product Reviews for those products

Get links pointing to your pages or posts

Continue creating content, getting links & interacting via Social Media

Once you get all this set up and you’re making money as an Affiliate, you can look at other ways to monetize your site. You might create short reports on your topic to sell, test contextual advertising, or look into even more methods to make money.

Yes it’s work. And yes – it’s worth it!

If you do these steps, and continue to learn & tweak as you go, you’ll start earning money. You can increase your traffic (number of visitors) and your income as you continue to grow and market your website. It takes time to get to a consistent $3-5K per month in revenue, but you could easily do that within the first year.

Best,

p.s. Lynn was referring to my Lifestyle & Income of a Super Affiliate post. Give that a read if you haven’t already as it will give you a sneak peek into my life and success doing the exact things I outlined here. If you have any questions, feel free to leave me a comment below.

When Somebody says Something's Impossible, How Do They Know

Judging from the way people talk, pretty much everything is apparently impossible to achieve.  I’m confident Columbus’s quest to reach the East Indies via the western route was regarded as impossible by most.  I’m equally confident that not even 200 years ago practically everybody believed flight to be impossible.  In short, pretty much everything awesome anybody has ever done has been called impossible.

Theoretically, one could try to find out whether or not something is impossible by applying scientific principles and mathematical formulas to the problem at hand.  If, after being able to rule out all possible scenarios, you discover something is either physically, biologically, or mentally impossible, you have your answer.
But it doesn’t work that way in real life.  It’s nearly impossible to actually prove something is impossible (ironically enough).  Just because you can’t figure out how to do something doesn’t mean it’s not possible, it just means you don’t know how to do it yet.  It’s very easy, on the other hand, to prove something is possible:  just do it! 

People have a tendency to believe something is impossible merely because they don’t know how to do it.  They’ve never actually tried, of course; they just can’t figure out how to do it.  So it must not be possible, naturally.

For example, many people would say it’s impossible to earn a significant income on the internet, but I’ve managed to do it and so have many others.  Still more would say it’s impossible to become wealthy without winning the lottery (a very common belief among low-income workers), but thousands manage it every year.  As it turns out, impossible is pretty easy, namely because most things people consider “impossible” are merely things they never bothered to try themselves.

So the next time somebody advises you not to do something because it’s “too hard” and “you’ll never succeed,” ask them how they know.  Have they tried it?  If not, it’s probably fine to ignore their advice.

Is passive income possible?

Passive income is the idea for many people. It sounds great doesn’t it, to earn money with no effort really, just sit on the beach and watch the sunset. For income to be truly passive you need to not have worked for it, so if you inherited a bunch of shares and received dividends or something like that, that would be true passive income.

Most people’s idea of passive income is income which was worked for initially, then became passive. This is the passive income I am talking about in this post. Some think this is unachievable; others are just going for it. Me, I am going for it!

I have discussed passive income on here a little before, including my ideas and what I am doing. You can check my previous passive income posts here and here for ideas.
I want to know what you think.

One comment on one of those posts really resonated with me “No matter how much money you make, if you are a slave to money, I would still consider that as being poor.” – Mike from Adstalker. I totally agree, which is why creating streams of income, particularly passive income is so important to me.

I think it is possible, but I know so many people who do not.
Why do I think it is possible?
Because I know people who are doing it!
I know people who own businesses and barely have to do a thing with it. They run themselves, which is how a good business should be. They get the profits, and hardly have to work. It took a long time to get to that point and yes, there are issues every now and then that need to be dealt with, but on the whole, it is a relatively passive form of income now.

I know others who have written books and still collect the royalties’ years later. You need a really good book for this, but it is possible.
I know landlords who own enough homes to live more than comfortably. They selected them, and then go agents to manage them and they hardly have a problem. Yes, there have been times where repairs need to be made, or problem tenants, but the pros have far outweighed the cons.

Passive income is possible. A lot of the time the issue is the work needed beforehand to create the stream of passive income that puts people off. Putting in the hard yards before reaping the benefits can seem like to much work.

I am at the stage where I have been putting in a lot of work and things are starting to pay off. I have a long way to go, but I have a couple of small passive income streams which I plan on growing and other income streams which are not passive, but the money I make through them will be invested to create other streams of passive income.

What are your thoughts – is passive income (the type you work for first and turn it passive, or almost) achievable or even realistic?

Posted on September 12, 2011 by Kylie