I've run over two dozen blogs since 2004. I've successfully monetized new blogs across a variety of niches including writing, music, education, small business, marketing, PR, and technology. I still run several of those blogs (like AFW, NakedPR.com, and AudioXposure.com). Others I've monetized only to then flip them for a profit. Either way, I've found it's fairly easy to bring a variety of blogs to three or even four figure monthly incomes in a pretty short period of time -- no more than a couple of months (which is faster than writing the same amount for most 3rd party residual income sites).
Basic marketing ability -- You will not earn a decent income from most blogs if you don't market that blog in some way. That doesn't mean you have to market aggressively or feel like you're whoring yourself out with a constant sales pitch (more on that myth later). The most important thing you'll do marketing-wise is actually completely on the back-end -- evaluating your stats, testing ad placements, and just overall optimizing the site.
I no longer count traditional publishing as passive income because after you’ve spent half a dozen years pitching agents, arguing with publishers, and having your heart broken repeatedly only to make about a dollar per book, it’s not really passive income. More like overdue income. The responsibility that traditionally published authors shoulder is much too high and the cut far too little to make this even a profitable, let alone passive, income option for most writers.
I've run over two dozen blogs since 2004. I've successfully monetized new blogs across a variety of niches including writing, music, education, small business, marketing, PR, and technology. I still run several of those blogs (like AFW, NakedPR.com, and AudioXposure.com). Others I've monetized only to then flip them for a profit. Either way, I've found it's fairly easy to bring a variety of blogs to three or even four figure monthly incomes in a pretty short period of time -- no more than a couple of months (which is faster than writing the same amount for most 3rd party residual income sites).
Insurance agents, authors, credit card processing professionals, multilevel marketing participants and actors are good examples of people who often receive monthly, quarterly, semiannual or annual residual income. For example, your job is to sell credit card processing services to retail merchants. A merchant signs a card-processing contract with your company. First, you will receive active income for making the sale. Every month thereafter, as long as the merchant stays with your company, you receive monthly residual payments based on the merchant's credit card sales volume. The more merchants you have, the higher your monthly residual income.
Similar to what Chris Guthrie did with his Amazon niche sites back in 2008-09, you should take every dollar you earn and reinvest it into your passive income business…pay for more content to be created, for better (and quality) backlinks to be built, to buy new niche sites etc.  At least for the first few years.  Chris did this, and it allowed him to go from $0 to $100,000 in just over 12 months.
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