In the past few years, it has become more and more alarming for Millennials to be reliant on a single job given how the American job market has been fluctuating lately more than ever. Once you taking the student loans piling up in consideration and the inevitable oil prices going up in the near future as well, it might be a good idea to either start looking for another job, or think about starting a business of your own! This article will explain passive income ideas for Millennials in 2017, and exactly what you can do about them!
Then, at the end of three months from the date of the domain registration, I'll let you know how much the blog is currently earning. I'll share traffic stats (you'd be surprised how little traffic you really need in order to earn a decent start-up income). I'll share specific revenue stats (as much as I'll be allowed to based on the ad networks' policies). I'll tell you exactly what I did to get there. My goal is to show you that you can at least hit a three figure income in three months. Obviously I'm not aiming for $100 to just call it a day. I will do the best I can using as little as I can in a model that anyone can follow. Some general updates will be posted here just to let you know the project is still under way. I hope that teaching by example will help to alleviate some of the fears some freelance writers have about blogging for residual income. Will you be along for the ride?
Then I learned about how people earn money without leaving their house, and even working from another country, and without having to spend too much time on it. This is where passive income comes into play. To be honest this hit me pretty hard the moment when I realized it - there are ways to earn money every month by doing almost nothing, and it’s not renting a house or apartment you inherited? First thing I thought when I heard this was “What can I do to make this happen, ASAP!?!”
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.
The Total Money Makeover – Great book on getting your debt under control. When the average American has nearly $10,000 in credit card debt, his message is extremely relevant. While I don’t agree with everything he says, it did make me way more conscious about the power of not having any debt. After reading this, I ended up buying my next car in all cash. Read my full review here.
Setup your basic pages. I strongly suggest adding an About page and / or Contact page to your blog. Share some information about yourself and why your background makes you qualified to write about this niche topic in some way. It can go a long way towards building trust with readers. Also set up a privacy policy, comment policy, or any other pages you feel would be relevant.
If you are a photographer looking to diversify your income stream, putting together styled stock photo packages can be lucrative. For example, a package of 15 wedding-themed stock photos for $10. You can then market this to any bloggers or businesses who are in the wedding business for their use (photos of different engagement rings styles are super popular). Through this method, it’s possible to make a continuous stream of income off of photos you’ve taken once (similar to a licensing deal).

Another drawback of residual income is that future income payments are often not guaranteed. If you spend a month building a website to generate residual advertisement income, the actual amount of income you make can fluctuate over time and it may fall if the traffic to your site declines over time. Similarly, companies can slash their dividends and tenants can move out of rental units, which can decrease passive income. With earned income, you get a certain amount for your services up front so you don't have to worry about future earnings.
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.

Financing -- Sure, it's great if you have money to invest in a custom blog theme, advertising, or to hire other bloggers to help out in the beginning, but it's certainly not necessary. In fact, my highest-earning blogs were all started without spending a dime over the domain name and hosting (and since several are hosted together, that saved on the startup costs after the first). You can afford $10 or so per year. If you can't, you probably need to re-think your entire freelance career before you start planning new residual income streams.

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.

Most credit card companies offer sign-up bonuses to entice you to open a credit account with them. As long as you don’t spend money just to hit the minimum balance and always pay your balance on time, this can have a minimal impact on your credit score while earning you hundreds – or even thousands – of dollars a year. Some of the best travel credit cards offer 100,000 points to new accounts when you meet reasonable spending requirements.
The net operating income is the amount of money that has been made once all of the person’s expenses have been subtracted from it. For instance, in order for an author to determine his net operating income, he would have to deduct the costs involved in creating the book from the amount that he earned. Designing the book cover, editing the book, and publishing the book are all examples of these kinds of expenses.

When you read Russell's new book. You will be amazed at how simple and effective his strategies are. It's like mining for gold nuggets and your striking it rich in any direction you swing! Every chapter gets you one step closer to burning bridge to your old marketing and sales ways. Expert Secrets sent me down a path in story telling and branding I didn't expect to pursue.


Residual income is the amount of net income generated in excess of the minimum rate of return. Residual income concepts have been used in a number of contexts, including as a measurement of internal corporate performance whereby a company's management team evaluates the return generated relative to the company's minimum required return. Alternatively, in personal finance, residual income is the level of income that an individual has after the deduction of all personal debts and expenses have been paid.
Fundrise – With a minimum investment of just $500, investors of all types can make crowd-funded real estate investments through Fundrise. This means you get the benefits of being a landlord without actually having to deal with owning or managing the properties yourself. Even though we own 2 rental properties, we recently began investing in Fundrise ourselves. We love it because there is no “accredited investor” requirement, making it far more accessible for the average person than the other two options below. Follow the link above to learn more, or read our full review here.
Do you know of a successful business that needs capital for expansion? If so, you can become something of a small-time angel investor and provide that needed capital. But rather than offering a loan to a business owner, you instead take an equity position in the business. In this way, the business owner will handle the day-to-day operations, while you will act as a silent partner who also participates in the profits of the business.
One of the disadvantages of residual income is that income received for initial efforts or investments is not immediately received. For example, if you spend a month creating a new website to generate advertisement revenue, you might only generate $100 a month in passive income. Had you spent that month creating a website for a company that was paying you, you might have hundreds or thousands of dollars upfront that you could use to pay for immediate expenses and purchases. If you don't have an immediate financial need, delayed income could be an advantage.
And speaking of not selling to everyone, don’t try to create products that are trying to speak to everyone. Don’t be afraid to get specific. For example, I’m no longer buying “how to make money blogging” courses that are meant to include beginners. Why? Because I can count on 75% of the content, if not more, to be about things I’ve already done – buying a domain, setting up hosting, setting up this, that and the other thing. I’m spending money on things specifically created for people at my stage of the game. And guess what? That creates a lot of opportunity for you in creating additional courses! You can create one for the beginner, intermediate and advanced user. That's a lot of income potential.
Self-hosting -- If your goal is to earn money through your blog, this is non-negotiable. Host it yourself (and yes, that means paying for a domain registration and hosting account). Personally I recommend GoDaddy for domains and HostGator for hosting. They're the combination I use for the majority of my blogs. Why is this important? Because if you want to effectively monetize your blog, you need complete control over monetization options and access to thorough site statistics. The easiest way to guarantee access to both is to host your blog yourself.
Obviously, if you’re starting from scratch and you haven’t written your book quite yet, you should think about subjects that are of interest to you. If you write about topics that you lack a passion for, you’re embedding your own boredom into your poorly-prostituted words, and no-one’s gonna go for that; regardless of how punchy you make your title.
"The majority of people I see who are interested in passive income and pursuing it, haven't learned how to create value in the first place. They're just trying to do gimmicks and tricks and formulas. They're trying to do the automation part, but they've missed the point that the automation only spits off cash if it's based first on automating something that actually creates value. If you automate something that is worthless---or worse than worthless, a scam -- it's not going to work in the long run."
In equity valuation, residual income represents an economic earnings stream and valuation method for estimating the intrinsic value of a company's common stock. The residual income valuation model values a company as the sum of book value and the present value of expected future residual income. Residual income attempts to measure economic profit, which is the profit remaining after the deduction of opportunity costs for all sources of capital.
Obviously, if you’re starting from scratch and you haven’t written your book quite yet, you should think about subjects that are of interest to you. If you write about topics that you lack a passion for, you’re embedding your own boredom into your poorly-prostituted words, and no-one’s gonna go for that; regardless of how punchy you make your title.
This is a venture that is growing rapidly. You can create videos in just about any area that you like — music, tutorials, opinions, comedy, movie reviews — anything you want . . . then put them on YouTube. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads. When viewers click on those ads, you will earn money from AdSense.
Fox’s book is a little outdated now, but the alternative passive income streams he mentions includes straight up blogging (with the advertising and affiliate marketing as the natural monetization strategy), but also podcasting (don’t agree with this so much as a direct revenue stream) and vlogging (video blogging / web TV, whatever you want to call it).
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