Wow, great ideas! I never thought to link to a candle! My blog is about diabetes so I’ve never thought to link to common things I use daily but that’s genius! I love how she added the candle at the end as a side note almost. I guess I’ve never thought to look on Amazon for candles because I go to Bath and Body Works for those. I’m updating my best posts today! Plus I’m going to do some Pinterest posts for my affiliate number for your book which is a GREAT book!
Buy a small business: A local small business, like a car wash or a laundromat, is a great way to put money down on a money-making venture. Automate it so you don't have to be on the premises unless you're collecting money. Go into a local business with your eyes wide open - study the books, especially on income and expenses, and examine water and utility bills if your venture will be open 24 hours.
This is a VERY good point. Too often I see people touting the benefits of blogging as passive income. But um, y’all, blogging is a lot of work. If you’re in it just for the money, you probably won’t perform super-well. Some of the income is passive through ads, but you still have to write new content, interact with readers, talk to bloggers, etc. There are certainly things you can put on autopilot but it’s not like investing where you sit back and watch money ebb and flow. 😛
Even with Smart Passive Income as successful as it is now, the first six months were really tough because I didn’t have an audience. There were a few people reading and a few people leaving comments and the same people leaving comments. There was no growth. Because I just enjoyed writing so much, I kept doing it and then a year and a half later, it got to the point where it exploded.
I made guest posts on other blogs/college admission websites on topics like what makes a great application or how to write a great essay. I linked to my book, and get maybe 1 sale a month that I can attribute to these blogs. It’s not great for sales, but it did help my book get ranked higher on Google searches and I met and helped out some cool people, which is nice.

This startup work is something that anyone involved in establishing passive income will admit requires some serious elbow grease. It’s the great exception to the whole notion of “passive” income in that it’s decidedly not passive. And for the most part, this is acceptable. People seem to get on board with this idea. “Hey, if I just buckle down and do a bunch of work right now, I’ll be able to sit back and enjoy the fruits of my labor later.” It’s a simple enough concept.


The whole concept of passive income is kind of a load of hooey. Low maintenance income? Sure. I can get on board with that. But truly passive? Not so much. And I think promoting these kinds of online marketing businesses as anything different than your standard Internet-based companies is being a little bit dishonest to those who are hungry to make a better life for themselves.

Another way to generate passive income is to invest and be a silent partner in a business. This is very risky, but with risk comes the potential for high returns. For example, several years ago both Lyft and Uber were looking for private investors to invest in their companies. Today, they are worth billions - but you as an investor would only reap that benefit if they go public via an IPO, or get acquired. So, it's risky.
Another way to add a course to your WordPress site is LearnDash. This full-fledged learning management system (LMS) offers tons of features for setting up any kind of online class you can imagine. Create certificates of completion for your students or run your class based on a point system. Offer multi-tier courses complete with topics, quizzes, and more. Leave comments on and approve submitted assignments. too.
What Every Real Estate Investor Needs to Know About Cash Flow – The focus of this book is making sure that you have a deep understanding of the numbers that drive a good real estate investment. The key emphasized here is that investing for cash flow is preferable to speculation. There are some great case studies in the book for those who learn well using those.
This is the basic mistake they've made: they've fallen prey to the belief that money and meaning are two totally separate things. They've chosen to make their money from something that feels completely meaningless to them (some business they care so little about, they just can't wait to get away from it and minimize their involvement as much as possible), which they hope will buy them the freedom to do something they actually care about.
If you read everything I said here and your response is, “Okay, that’s fair. I can give it four years,” then you’re already way ahead of most people. On the other hand, you might also say, “Jon, this is interesting, but I really don’t have that kind of time, so I’m going to bow out now.” In that case, congratulations, you just saved yourself a lot of wasted time.
It’s going to be a little bit tough in that I won’t be able to share the actual site here (to avoid an unfair advantage). I will say that the niche will revolve around PR writing — a specialty area for me, and one my research and experience has told me will probably monetize well (precisely the kind of thing anyone should know before starting a blog for income’s sake). I’ll hopefully find the domain name today to start the 3-month period now. I’m about to quit for lunch, so I’ll see what I can find during my lunch break and deal with the basic setup quickly.
The ABCs of Real Estate Investing – It’s a great overview of real estate investing particularly in multifamily properties. It covers topics on how to perform due diligence, negotiate a deal, and manage properties. It really focuses on the fundamentals – the basic calculations needed to be a successful investor. It’s quite direct and easy to understand.
While it’s possible to qualify with a DTI ratio that’s more than 41%, you must exceed the regional residual income requirement by at least 20%. So, if you have a family of four and you live in Michigan, your regional residual requirement is $1,003. If your DTI ratio is 43%, you now must have a residual income of $1,203 to be approved for a VA loan.
But I hate the very idea of how the “kick back and do nothing” business opportunity is sold. *Residual* income and *Passive* income are not the same, so I agree with you there. I’d love to see a series that goes more in-depth into what kind of work each type of digital business needs, a kind of fantasy vs reality thing. (Mostly so I could have something to send to people when they ask me, as I’m not in business.)
If you have a spare bedroom, you can find a roommate or list the space on AirBnB for travelers. Having a roommate is the more passive of the two, as being an Airbnb host will require more work in the form of turning over the room between stays. This is a super painless way to earn $500 to $1,000 a month without much effort – you may even be able to cover your mortgage payment with this extra income!
However, you should pick a niche and blog about that. If you're launching a money related blog, maybe it'll be about how to make money in real estate or simply how to make money online. Pick the niche and stick to it. If it's a diet and fitness related blog, maybe the niche is the Ketogenic diet, the Atkins diet or some other form of diet or fitness.
Monthly residuals are a wonderful method of increasing your income, getting paid for things you did in the past that continue to generate money for you. Those who qualify receive a check or electronic payment every month based on work completed in the past. Many sales and marketing people earn monthly residuals by selling a product or service that generates income months or years after the original sale. For example, you might sell a life insurance policy with a 10-year term. The insured pays his monthly premium religiously. The insurance company then pays the selling agent monthly residuals — a percentage of the monthly premium — for up to 10 years.
However, you should pick a niche and blog about that. If you're launching a money related blog, maybe it'll be about how to make money in real estate or simply how to make money online. Pick the niche and stick to it. If it's a diet and fitness related blog, maybe the niche is the Ketogenic diet, the Atkins diet or some other form of diet or fitness.

As soon as you build a significant community of followers, you need to keep interacting with them on a regular basis, through comments, social media, or your site’s forum if you own one. Ultimately if that part is not interesting for you anymore, you need to hire people to do it, or find moderators, etc… to do it for free. If they do it for free, expect them to leave regularly, so you have a constant job of “hiring” ongoing.
Those who can reap the benefits of residual income have typically put in an immense amount of effort and time in the beginning to be able to enjoy the rewards later on. Residual income, therefore, does not result in instant gratification. Those interested in earning residual income must have a lot of patience and determination to work as hard as necessary to achieve their ultimate goals of a long-standing income stream.
Other policies define "total disability" as the inability to perform the duties of any occupation. Such a definition is narrower than the definition found in an own occupation policy. Under this definition, you must be unable to work in any occupation, not just your own particular occupation. However, these policies typically define "disability" in terms of your ability to engage in any gainful occupation for which you are reasonably suited based on your education, work experience, and other factors.

On the admin side, you can tackle everything like grading and reporting and it includes theme and shortcode support. If you require more features, CoursePress Pro is the way to go. It allows you to create an unlimited number of courses, supports 12 payment gateways, and includes all sorts of bonuses like course teasers, automated and manual assessments, free courses, media integration, live chat, and more.
But I will temper that opinion, by saying getting your name in print can be great for achieving expert status for use in later ebooks/membership site promotions (your really money spinner), and for gaining new fans that your own distribution efforts can’t get.  For example, Ferriss pulled this off pretty well, using a book to drastically grow his online following / blog readership.
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