Earn Passive Income 24/7
Financial Independence through Passive Income
What does financial freedom mean to you? To me, it simply means having control over my life. The older I get, the more I realize that having more "stuff" is not what I want: what I want is more time for my family and control over my life. These things are only possible when you have a passive income that can replace the income you would receive from a job.
This website is for people who realize that working for money is the path to a long, hard life of depravation, and who have decided to make their money work for them. On every investment we make, whether in the stock market or in businesses that we own, we look for a passive return on that investment.
My name is Darrin Scott, and my internet income allowed me to quit my job at Microsoft in 2004. No, I'm not among the super rich, but I lead a comfortable, independent life with some cash left over for my family and I to take fun vacations. Since striking out on my own, I have been financially independent, largely through the passive income I have built, and which keeps growing. My passive income works for me 24 hours a day, 7 days a week. It works on holidays, weekends, days when I'm sick, tired, want to go fishing, or when I'm just lazy.
Income realized through passive investments flows like a river. Our passive investments are tributaries that feed into that financial river. Although you may hit a home run and suddenly begin earning huge amounts of passive income (unlikely, but possible), it is vastly more likely that you will begin building your financial independence with several small tributaries feeding cash into the river. As more and more financial tributaries join down stream, your river of cash will become a raging torrent of wealth.
One way we can acomplish building this river of cash is through passive investments. Internet marketing opportunities are one way to do this. There are different types of passive investments, including dividend paying stocks, ETF's, and real estate. Internet websites is another way to build passive income which is relatively inexpensive to dabble with.
My first foray into owning a business was a huge mistake. I bought into a sub sandwich shop, and it was a huge hassle for me. Employees didn't show up. Customers complained. The franchise people were always looking over my shoulder and telling me what I could do. I learned that small businesses requiring large amoutns of capital for a small return is NOT the way to financial freedom.
But out of that experience I designed a spreadsheet for Microsoft Excel that did restaurant scheduling. I sold it on the internet, and have since made more money on that spreadsheet than I ever did as a restauranteer. Just a few hours of work, and now II still make money from that product today, as I have for the past five years. That experience taught me the value of creating Passive Sources of Wealth; that is, sales that will continue whether I am there or not. My first website to sell this product was a modest venture, but the lessons were well learned.
Building product sales websites can, if done correctly, generate passive income for you on a 24/7 basis, and the income can last for years. Although much has been written about this, the quality of advice varies, depending upon who is offering the "program." The fact is, it is indeed possible to generate a very good income from the internet that can move you toward financial independence. It's also a fact that it is easy to waste a lot of time and money building websites or products that no one will ever buy. This often leads to people becoming discouraged and giving up on the project altogether. They label such programs as "ripp offs," become discouraged, and never succeed in building the passive income they need to become independent.
As a sales and internet marketing instructor at a four year college, I often have the opportunity to review several programs designed to get people up and running in an internet business. One of my favorite class assignments to my students is to have them "sell something online" and to write about the experience. In doing so, they learn the basics about how to select products, how to market and advertise, choosing keywords, setting up the website, developing content, basic SEO. Only about 1/5th of my students are ever successful in this assignment. The typical mistake that they make is this:: they start too big, investing too much upfront, and do not measure their results. The more successful students begin small (with a tributary) and build upon that early success, adjusting as they go. The successful students will increase their investment in the product once they see that increasing the investment will increase sales.
So how does one get started in buliding a 24/7 passive income? The first step is deciding what to sell. On the internet, you basically have a few options: you can sell your expertise in the form of consulting, you can development yoru own content such as writing an ebook, you can sell physical products that must be shipped, or you can earn income by sending qualified buyers to sellers of products. Of all of these methods the last one is an easy way to begin buliding income: send qualified buyers to sellers who will pay you a fair commisison for the traffic.
There are many different websites that help make it easy to sell other people's products passively, and you can get started with little to no upfront investment. I participate in many of these programs (RegNow, ShareaSale, Commission Junction, ClickBank, etc) and have had some measured success with each of them. To avoid common mistakes, I have found that most people will greatly benefit by a small upfront investment in knowledge. There are many people who are willing to teach you the basics and help you get a running start in bulding your passive income. By investing in the knowledge up front, you can jump the learning curve, and save yourself months of effort and a lot of money.
ClickBank is a great way to start with a low investment. Michael Jones is a "ClickBank Guru" who is well known for his succesful program that helps people get started right away. Michael's advice certainly saved me time and money when I got started with ClickBank. Although ClickBank is just one of the financial tributaries that feeds into my river of passive income, I highly recommend him for those starting out. His program (although a bit long winded) is very successful for those who will heed his advice.
We wish you all the best in your endeavors. Remember, financial independence through passive income is possible. The trick is to get started today. Start small, think big, and give yourself at least a 3 year time horizon to accomplish your goals.
When that first check comes from your passive investments, it is a tremendous feeling. It may be just enough for dinner at McDonalds (likely), or might be enough to buy the whole restaurant (unlikely), but whatever the amount, it will tell you a) this is possible to do, and b) you're on your way. Every great river has a source. Make it happen! Three years from now you'll be glad you did.
Passive Income Building System
Michael Jones is a "ClickBank Guru" who is well known for his succesful program that helps people get started right away. Michael's advice certainly saved me time and money when I got started with ClickBank. Although ClickBank is just one of the financial tributaries that feeds into my river of passive income, I highly recommend him for those starting out. His program (although a bit long winded) is very successful for those who will heed his advice. Click here
ForEx MegaDroid is automatic currency trading system that can help you build passive income through the trillion dollar currency trading markets. I have seen friends try currency trading on their own and fail miserably. Having a "system" to automate trades and make decisions impartially without emotion must provide an advantage. To learn more about building passive income through currency trading, click here.