Don't let anyone fool you, building passive income streams is hard work.
If your motivation for passive income is escape, you'll most likely fail. Passive income is fuel to expand on the life you want to live and requires a ton of hard work, especially up front. If you're looking for an easy way out, you will most likely give up before you get very far.
It's important to create money and passive income around things you are passionate about to fuel success. Don't think you can escape it by creating streams of passive income. It won't work. However, if you are willing to put in the time to learn and the work required, anyone at any age can start making passive income now!
Students
Any student is given assignments, papers to write, projects to do. Especially at the high school and college level, why not take one of your courses and turn it into a passive income stream?
For example, if you are passionate about health and are going to school to be a health coach and mostly enjoy that kind of work, you can expand your service with something like an online course or an eBook or a website, which will allow you to passively provide value to people even when you're not available to help them one on one. Or have not yet graduated. As long as you are honest and base it in love, this is a great way to make passive income before and after graduation.
Why not? You are learning things to get you certified or trained. Explain to your audience what your blog is about, you are an aspiring health student. What you learned and are learning and package some of the information up to sell. Or at the very least create a ton of free valuable content, which will drive tons of free traffic to your website and then monetize the site by putting up ads or use affiliate marketing for useful products and services. This will allow you to earn passive income. Passive income is a side effect of providing passive value.
You could then expand your services when you did graduate and add another stream of income by providing one-on-one health coaching services. You have created a "job" while you were in school. You have already created your own virtual "health center/office" with tons of clients who trust and value your opinion and who would probably be elated to take some of your coaching services.
Now tell me this isn't much smarter than going to class, writing papers and doing nothing more. Then when it comes time for graduation, you get to start fresh by printing up business cards and knocking on doors. Or better yet, polishing up that dreadful resume (with probably zero experience besides serving food... because you were in school) and applying for jobs.
Yes, it will be hard work and take a lot of energy to write your assignments over into ready-friendly content. Or experiment with healthful recipes and create an eBook, but it the long run, this sounds like a much more intelligent plan. Depending on how hard you work, you may even generate enough passive income to come out of school debt free, now that sounds like a winner!
Parents
For all you parents out there, there probably just doesn't feel like enough time in the day to get everything done. How are you supposed to create a passive stream of income on top of it all?
My suggestion is to break it down. Write one article when the kids go to sleep every night, at least 300 words. Your topic/niche can be very simple. Don't over-analyze this.
So you are a mother who wants more healthy recipes using fresh ingredients? Turn your passive income stream into something you already want to learn... how to make healthy recipes using fresh ingredients.
Let's do this together. If you go to google keyword tool and type in "healthy recipes" you can see that there are over 1,500,000 search queries a month with a medium competition level. That's a pretty broad topic to win over and chances are that you won't rank very high with Google trying to win that keyword/niche.
You need to break it down further... what's healthy? Salads are healthy, let's do another keyword search for "healthy salads." There are 60,500 search queries a month with low competition as well as 12,500 search queries a month for "healthy salad dressings" with low competition. So if you made your site around healthy salad and healthy salad dressing recipes, you could have a potential of 72,500 visitors to your site per month! That's a lot of traffic and the monetization options are endless.
So... as a mother, let's say, of two children, you want to start a website/blog to earn passive income around healthy salad and healthy dressing recipes. So you vow for 300 out of the next 365 days (one year) you will learn, research and make a recipe for either a healthy salad or dressing to give to your family and then make a corresponding article/recipe to add to your website with a pretty picture. You use Google keywords and then after you have 300 recipes, you take the 50 best and package them into an eBook you sell for $15.
Let's say you are now on the front page of Google because you are starting to dominate the niche keywords "healthy salads" and "healthy salad recipes" and your monthly traffic is at 20,000 visitors. Now let's say you have a 2% conversion rate on your eBook of "50 of the best healthy salads and dressings" that you are selling for $15. That means in a given month you will sell roughly 400 ebooks and at $15 each you are now making around $6,000 a month passive income! The best part is you got to learn something you wanted to anyway... how to feed your family healthy, and you are helping other families do the same thing, but now you are getting paid for it.
I'm sure it was a ton of work upfront, you would have rather rested after the kids went to bed and watched a movie with the hubby instead of writing about vinegars and oils, but it was worth it wasn't it? Hard work up front pays off!
Both groups of people, students and parents are BUSY, BUSY! But it can be done, and it should be. You have nobody to blame but yourself if you don't try, it's actually quite dumb not to. Figure out your niche and make a website to start earning passive income.
I have just covered the tip of the iceberg here. The absolutely, positively best program out there to use to learn all of what I just covered and more is Site Build It. It honestly changes lives and teaches you every detail to create the life of your dreams, whether you are a busy mom, a college student or anywhere in between. Even if you're not computer savvy, it doesn't matter. It is all laid out for you, you just pretty much start writing great content to start collecting visitors to your site.
http://www.happy-whole-self.com is a site about personal development and conscious living.
This site covers topics such as: Health, Happiness, Consciousness, Money, Work, Freedom, Art, Creativity, Loss, Travel, Discipline, Nutrition, Exercise, Adventure, Balance, Stress, Sustainability, Passive Income, Design, Passion, Personal Development, Love, Courage, Business, Fear, Goals, Motivation, People Skills, Out-of-the-box-thinking, Leisure and more.
This site contains enough free personal development material to fill hours upon hours of your time. Don't let that overwhelm you though because no matter where you begin, it will only take a few clicks to find something of value to you.
If your motivation for passive income is escape, you'll most likely fail. Passive income is fuel to expand on the life you want to live and requires a ton of hard work, especially up front. If you're looking for an easy way out, you will most likely give up before you get very far.
It's important to create money and passive income around things you are passionate about to fuel success. Don't think you can escape it by creating streams of passive income. It won't work. However, if you are willing to put in the time to learn and the work required, anyone at any age can start making passive income now!
Students
Any student is given assignments, papers to write, projects to do. Especially at the high school and college level, why not take one of your courses and turn it into a passive income stream?
For example, if you are passionate about health and are going to school to be a health coach and mostly enjoy that kind of work, you can expand your service with something like an online course or an eBook or a website, which will allow you to passively provide value to people even when you're not available to help them one on one. Or have not yet graduated. As long as you are honest and base it in love, this is a great way to make passive income before and after graduation.
Why not? You are learning things to get you certified or trained. Explain to your audience what your blog is about, you are an aspiring health student. What you learned and are learning and package some of the information up to sell. Or at the very least create a ton of free valuable content, which will drive tons of free traffic to your website and then monetize the site by putting up ads or use affiliate marketing for useful products and services. This will allow you to earn passive income. Passive income is a side effect of providing passive value.
You could then expand your services when you did graduate and add another stream of income by providing one-on-one health coaching services. You have created a "job" while you were in school. You have already created your own virtual "health center/office" with tons of clients who trust and value your opinion and who would probably be elated to take some of your coaching services.
Now tell me this isn't much smarter than going to class, writing papers and doing nothing more. Then when it comes time for graduation, you get to start fresh by printing up business cards and knocking on doors. Or better yet, polishing up that dreadful resume (with probably zero experience besides serving food... because you were in school) and applying for jobs.
Yes, it will be hard work and take a lot of energy to write your assignments over into ready-friendly content. Or experiment with healthful recipes and create an eBook, but it the long run, this sounds like a much more intelligent plan. Depending on how hard you work, you may even generate enough passive income to come out of school debt free, now that sounds like a winner!
Parents
For all you parents out there, there probably just doesn't feel like enough time in the day to get everything done. How are you supposed to create a passive stream of income on top of it all?
My suggestion is to break it down. Write one article when the kids go to sleep every night, at least 300 words. Your topic/niche can be very simple. Don't over-analyze this.
So you are a mother who wants more healthy recipes using fresh ingredients? Turn your passive income stream into something you already want to learn... how to make healthy recipes using fresh ingredients.
Let's do this together. If you go to google keyword tool and type in "healthy recipes" you can see that there are over 1,500,000 search queries a month with a medium competition level. That's a pretty broad topic to win over and chances are that you won't rank very high with Google trying to win that keyword/niche.
You need to break it down further... what's healthy? Salads are healthy, let's do another keyword search for "healthy salads." There are 60,500 search queries a month with low competition as well as 12,500 search queries a month for "healthy salad dressings" with low competition. So if you made your site around healthy salad and healthy salad dressing recipes, you could have a potential of 72,500 visitors to your site per month! That's a lot of traffic and the monetization options are endless.
So... as a mother, let's say, of two children, you want to start a website/blog to earn passive income around healthy salad and healthy dressing recipes. So you vow for 300 out of the next 365 days (one year) you will learn, research and make a recipe for either a healthy salad or dressing to give to your family and then make a corresponding article/recipe to add to your website with a pretty picture. You use Google keywords and then after you have 300 recipes, you take the 50 best and package them into an eBook you sell for $15.
Let's say you are now on the front page of Google because you are starting to dominate the niche keywords "healthy salads" and "healthy salad recipes" and your monthly traffic is at 20,000 visitors. Now let's say you have a 2% conversion rate on your eBook of "50 of the best healthy salads and dressings" that you are selling for $15. That means in a given month you will sell roughly 400 ebooks and at $15 each you are now making around $6,000 a month passive income! The best part is you got to learn something you wanted to anyway... how to feed your family healthy, and you are helping other families do the same thing, but now you are getting paid for it.
I'm sure it was a ton of work upfront, you would have rather rested after the kids went to bed and watched a movie with the hubby instead of writing about vinegars and oils, but it was worth it wasn't it? Hard work up front pays off!
Both groups of people, students and parents are BUSY, BUSY! But it can be done, and it should be. You have nobody to blame but yourself if you don't try, it's actually quite dumb not to. Figure out your niche and make a website to start earning passive income.
I have just covered the tip of the iceberg here. The absolutely, positively best program out there to use to learn all of what I just covered and more is Site Build It. It honestly changes lives and teaches you every detail to create the life of your dreams, whether you are a busy mom, a college student or anywhere in between. Even if you're not computer savvy, it doesn't matter. It is all laid out for you, you just pretty much start writing great content to start collecting visitors to your site.
http://www.happy-whole-self.com is a site about personal development and conscious living.
This site covers topics such as: Health, Happiness, Consciousness, Money, Work, Freedom, Art, Creativity, Loss, Travel, Discipline, Nutrition, Exercise, Adventure, Balance, Stress, Sustainability, Passive Income, Design, Passion, Personal Development, Love, Courage, Business, Fear, Goals, Motivation, People Skills, Out-of-the-box-thinking, Leisure and more.
This site contains enough free personal development material to fill hours upon hours of your time. Don't let that overwhelm you though because no matter where you begin, it will only take a few clicks to find something of value to you.
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