Now that I know what it’s feels like to create something from nothing and get paid to pursue my passions? I’m creating new products left and right! Coming up next is a line of products for the moms in my community who are simply searching for the best way to earn money from home, whether it’s blogging or not. I can’t wait to unveil this product line on my blog…stay tuned! 🙂
There are many skills that an entrepreneur must develop and continually improve. Being in business for yourself is extremely rewarding, yet one must be prepared. There will be challenges to overcome, otherwise your business and dreams will die. Do not let that happen to you. Learn the skills that every entrepreneur needs to be successful in today's global economy. Start getting your information here.
Amazon let’s you enroll in KDP Select when you’re publishing, which lets you give away the book for free on some days. Amazon markets the book heavily and the idea is to get people to try out your book and write reviews or to buy your other paid products. I did this in the beginning because that’s what I heard was effective, but it did nothing for me. I feel there are a few lessons learned:

About Blog My name is Michael W Smith, I created this page because I realized that people are in a game that is rigged against them. It is a game where the house always wins. I help people by to showing them how to beat the game we refer to as the "rat race". Not by cheating or scamming but by rewriting the rules and setting up a new game. Join me as I teach people how to earn massive passive income online.
Airbnb is a concept that has only been around for a few years, but it has exploded around the globe. Airbnb allows people to travel all around the world and to stay in accommodations that are a lot less expensive than traditional hotels. They do this by staying with participating Airbnb members who rent out part of their homes to travelers. By participating in Airbnb, you can use your residence to accommodate guests and earn extra money just for renting out space in your home.

Truebill is an app that helps you save money by identifying recurring subscriptions and other bills and helping you cut costs by negotiating better rates and fees. One of their partnerships is with Acradia Power, which has the potential to save you up to 30% on your electric bill. It searches for better power rates in areas where competition is allowed, and it locks in the better prices for you.

Residual income is different from a salary, or linear income, which is paid out strictly based on the number of hours a person works. Someone who works on a salary is often said to work “paycheck to paycheck.” This is because he pays all of his bills with his first paycheck and then must wait until he gets paid again to have more money. Ideally, someone will work hard building up a business so that he can enjoy the residual income once his goals have been met. Then he can work on additional projects while still earning money from his business.

That’s why I think the whole concept of passive income sites are based on a fallacy that they are different somehow from any other business and any other money-making scheme. For one, you still have to put in a ton of work to make anything worthwhile. People argue that it winds up being worth it because you’ll continue to make money long after you’ve finished creating that online course or ebook or what have you, but I think that’s a faulty assumption as well.
Policies may restrict the amount of part-time earnings relative to full-time, pre-disability earnings. This restriction may be a maximum benefit per month or a maximum percentage of pre-disability earnings. For example, an employee may have purchased a policy with a monthly maximum benefit of $5,000, but may have a pre-disability income of $80,000. The difference between pre-disability income and annual benefits is $20,000 ($80,000 - $60,000), or a cap of 75%.
One of his favorite tools is Personal Capital, which enables him to manage his finances in just 15-minutes each month. If you sign up and link up an investment account with $1,000+ within 40 days, you get a $20 Amazon gift card. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.
If you’re signed up for an Amazon affiliate account, you can easily add links to products in your posts, pages, and sidebar widgets using the Amazon Link plugin. You can manually insert product links or you can use an Amazon search widget to dynamically create links for you. Each link that’s created will include your Amazon affiliate ID, insuring you receive the appropriate commissions.
In all reality, any business that involves selling a product is passive in some way. I mean, once the product is developed and created, you’re not actively creating it anymore; rather, you stand back and watch as people buy it and your bank account grows. But when you hear people talk about online passive income, they’re referring to a specific kind of business and specific kinds of products.

To create residual income, you need to create something that people will continue to buy on a regular basis long after you’ve created it. A house is a prime example of this as people will continue to pay rent for the right to live in the house. A business needs to have products that are sold over and over again rather than trading the business owner’s time for money.
I wonder what the avg number of hours/week (over a year) would be for something to be considered “passive income”. To me, it’d be under an hour a week. If I was able to earn money from something with that time investment, the hour a week would be mostly a time investment in checking on things that it’s still working and setting the course back on track.
There are places online that can help you find developers, such as websites offering freelancing services similar to Upwork. These developers are willing to haggle for the costs of development, and creating a simple mobile app that generates minimal amounts of money doesn’t have to be too expensive. I’ve seen examples of apps that do the simplest measurement conversions (kg to lbs) or apps that show you the nearest parking spot generate thousands of dollars in just a few months.
Affiliate marketing spins around having readers click on the links in your articles and then subsequently purchasing the products you were writing about. Once they click the link in your article and then buy the product, you get a piece of the pie through commission. Commission varies among companies, but usually it is anywhere between 2% up to 10%.
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.
Frequent updates -- Sometimes you just won't feel like blogging, and that's okay. Don't stress yourself out feeling like you have to stick to rigid posting schedules or that you have to post every day. Are frequent updates nice? Sure they are. But they're not always required. I mentioned my two highest-earning blogs (small business and PR) before. Both of them can go for months at a time without an update. In fact, I took an announced 6 month hiatus from NakedPR.com previously. During that break traffic nearly doubled, and income followed suit. Even here, where I try to post more frequently (even twice a day a lot of days), I see subscribers and traffic increase when I go a few days without posting. It's become pretty predictable. So go ahead. Feel free to take a break every now and then. It gives your readers a chance to catch up or dig into your archives (where some of your best content might be hidden away). Don't decide on a solid schedule up front. Play with it and see what works best for your niche and your readers.

Setting up a Google AdSense website is a simple and effective way to earn a passive income stream. The way it works is that you first have to find low competition keywords in a niche. Use Long Tail Pro to find keywords with low competition that get at least 1,000 – 2,000 searches per month. Then, write long, useful, and SEO-optimized articles around those keywords. Lastly, promote your website on social media and build backlinks to it.


The downside is the content may not be on your niche. If you’re lucky like I was with the history niche, there will be others who write on similar, complimentary topics. There was one history writer who covered mostly the Wars of the Roses, while I covered the Tudors and the Stuarts. We worked together quite well to help grow each other’s audiences.
Investment properties: An investment property is one purchased with the sole purpose of earning revenue. It could be a commercial space you’ll lease out or a residential rental unit. Not only will this type of investment provide potential appreciation and tax benefits over the long term, but it can also provide residual income in the form of monthly rent (after expenses).
Yeah, entrepreneurship is definitely not a defined path that can be summed up in one book. I think it’s mostly about having the right mindset and determination/hustle. That’s why I love listening to and watching Gary Vaynerchuk. I think an easy one to start with is “Start Something That Matters.” The right mix of inspiration, motivation, and instruction. Plus I’m just a big fan of the shoes and company. Let me know what you think.
Domain names cannot be replicated. If one is taken, the only recourse would be to approach the owner to discuss a sale. While there are other variations you could choose, sometimes owning a certain domain (especially if it is attached to your business) can be worth the premium. Often, people will scout out domain names that are still available, buy them, and then sit on them in order to sell them down the road. Depending on who may want the domain down the road, you could sell it for a large markup.
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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.

​Udemy is an online platform that lets its user take video courses on a wide array of subjects. Instead of being a consumer on Udemy you can instead be a producer, create your own video course, and allow users to purchase it. This is a fantastic option if you are highly knowledgeable in a specific subject matter. This can also be a great way to turn traditional tutoring into a passive income stream!
You know the fantasy: write some ebook (or better yet, hire freelancers in Mumbai to research and write it for you at $.20/word!) on some niche topic, set up AdWords and Facebook campaigns targeted to the right keywords (you can hire those Mumbai guys to do your keyword research too), put up a cheap landing page (with copy written by... guess who!), press "Go!" on the PPC campaign, and voilà. . . just wait for the money to roll in while you sleep!
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