The plugin works with all major payment gateways including PayPal, Authorize.net, and Stripe. You can even offer site visitors coupons or free trials. You can also establish any kind of membership system you want from dripped content to freemium to a full pay-to-access everything setup. It also includes a setup wizard, the ability to opt out of features, and more.
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.
As always, I’m here to answer questions (within my ability) and I can always help you find that YouTube tutorial you need. When you are REALLY ready to start taking your blog seriously, I have many resources available on my learning site, Adventures in Blogging. The Income & Traffic Bundle is a great place to start if you’re dying to learn everything you can about traffic & income.
Managerial accounting defines residual income in a corporate setting as the amount of leftover operating profit after all costs of capital used to generate the revenues have been paid. It is also considered the company's net operating income or the amount of profit that exceed its required rate of return. Residual income is normally used to assess the performance of a capital investment, team, department or business unit.
Residual income is when you continue to get paid after the work is done. This includes royalties from books, movies, or songs and also income that comes from real estate or business investments where you don’t actually have to be present to earn it. For example, Bill Gates is still making a residual income from Microsoft even though he isn’t working there anymore.
What you should know, though, is that book sales on Amazon are still massively fruitful. Founded in 1999, Amazon was the original online book retailer, but they've expanded exponentially into a store that sells just about anything. Amazingly, Amazon sales currently account for 43% of all online purchases. 25% of all US adults are Amazon Prime customers, and they ship 1.6 million packages every day.

I was so excited I wanted to share how it all happened and what I had learned, so I created SmartPassiveIncome.com that same month. Then, as sales grew on the LEED stuff, I had more and more to talk about and I kept sharing how much I was earning and what I was leaning — things that went right, and stuff that didn’t go right. A year and a half later, I started to accumulate a large following and be known as a transparent leader in the space of online business education. I then started a YouTube Channel and my podcast. Then I wanted to experiment. I created new businesses outside of anything I was already doing, and sharing that along the way — that’s how SecurityGuardTrainingHQ.com, CreateaClickableMap.com, FoodTruckr.com and other sites came about. Recently, I started getting involved with public speaking. All the sites have kept growing and people have shared their success stories based off of my own experiments with me, and here I am today.
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.

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.
Further, the clarified order awarded Karen sixty percent of the residual income that was earned from the income and commissions generated by the brokers within the first category, and after the date of divorce. However, the order also stated that Karen was not entitled to any of the residual income generated by the second or third category. Brad filed for a new trial, but the trial court denied it. He appealed, and the appeals court ultimately affirmed the trial court’s clarified order.
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. 😛
Jitendra's talent, skill, and style make him one of the most qualified digital marketing gurus in India, and in my opinion, shortly in the world. I know Jitendra from DomainX event , he was very active there and I was really impressed by networking & business skills he have. I decided to work with him and he delivers his best at his work. I really like his style of working.
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.

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.
Link-building campaigns -- My SEO-centric pals might want to hit me for this, but frankly I've found that most traditional link-building is a royal waste of time. Don't submit your site to every free directory you can find. Don't waste time submitting news releases to all of the free press release distribution sites you can. Don't post short, garbage comments on other people's blogs just to get the link back. Don't engage in link exchanges. Don't get me wrong. There are ways you can increase links early on that I do recommend, but I suggest them far more for the exposure value. Those things would include linking to other blogs from your posts (the bloggers often know who's linking to them, and they might come to check out your post -- it's a good way to start networking with others in your niche). You could also comment on other blogs and include your link, but only do this if you have something substantive to add. Otherwise you just look like a schmuck. The absolute best way to build links to your blog however is to simply create great content that people deem worth linking to. Remember, it's not just about linkback quantity. It's about getting quality, relevant links back from sites who cater to your audience (who not only provide link juice, but direct traffic).
The Automatic Millionaire – I randomly found it in a used bookstore years ago and decided to check it out. Little did I know that it was a #1 bestseller and still well read today. I found it was an easy read and gained some valuable ideas from it. The first is that you need to “Pay Yourself First” meaning don’t invest what you have at the end of the month after all your expenses are taken out. Set aside what you’re going to invest first, then the rest of your budget should adjust to that. And then like the title suggests, automate your savings and debt payments and that will put you on the right path to being wealthy.
If Uber was a thing in my country I would do this every day as you can earn enormous amounts of money just by driving other people to work and back home, while doing the same thing for yourself. This can turn out to be a fun experiment as it will bring you money, and you will have people in your car keeping you accompanied on your way to work and back home. It’s like a school bus, but better!
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.
The more residual income you can build, the better off you’ll be. In fact, it’s said that the average millionaire has 7 different streams of income. By creating passive income streams that generate money while you sleep, you’ll build wealth faster and diversify the ways you’re able to make money – which helps protect you from the loss of any one individual income stream.

The Millionaire Fastlane – The author challenges the notion that the ideal life is to get a job, save slowly, retire old, and then have enough money to last the rest of your lifetime. He states that true wealth is having freedom, friends and family, and good health. His teaching has obviously rubbed off on me quite a bit. He challenges you to no longer be a consumer, but to think like a producer. Create and produce, become an entrepreneur, and that will put you on the fast lane to true wealth.
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.
I still don’t consider it an area of expertise. When I started Smart Passive Income, that was the month I launched my ebook for the architecture site. I didn’t consider myself an expert. It was just something no one had taught me about. People were talking about online business but not about how to automate the process, so I just wanted to create a platform to give it all away. I still don’t know everything about it, but through trial and error, I’ve learned about the process and recorded it.
Easy Plugin for AdSense is a convenient way to add and manage AdSense on your WordPress site with minimal fuss. It follows all the official Google AdSense rules too, which is important if you’re serious about earning revenue from this method for the long haul. It comes with several sidebar widgets, numerous options, control over positioning of the AdSense blocks, and an easy-to-use interface.
As I was writing the lesson I realized just how complex the structure of the system I use to make money with my blog is, yet also how effective it can be once it is set up. I won’t explain everything here – it took me more than four thousand words to explain all the parts to my students in Blog Mastermind – but thanks to writing it out in detail I came to a realization. If done right, affiliate marketing on a blog can almost be passive income.
If you’re interested in putting some of your content behind a paywall, our very own Protected Content is where it’s at. This plugin makes it easy to create a membership site that sells access to just about anything. You can protect your content in a number of ways based on certain posts, pages, categories, links, keywords, files, and more. This is a quick way to earn some income from your site.
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.
#4. Offer free download: Before you even sell, ask yourself, “What is the purpose of my book?”. If you are using your book as a way to establish authority in your niche then giving away your book as a free download. If you don’t want to give away your whole eBook for free, then give a few chapters to them  Again, make sure you are collecting those email addresses in exchange, so that you can follow up with a friendly email to close the sale.
Keep in mind that most passive income business ideas usually become largely profitable after a certain amount of time, depending on the time and money you put in. It is important to know that some, also, never make it and fail - just like any other business in the world. However, some passive income businesses are more vulnerable and others are less risky and more prone to giving a good payout at the end of the month.

If Uber was a thing in my country I would do this every day as you can earn enormous amounts of money just by driving other people to work and back home, while doing the same thing for yourself. This can turn out to be a fun experiment as it will bring you money, and you will have people in your car keeping you accompanied on your way to work and back home. It’s like a school bus, but better!
You can control how many links appear in each post or page, how they look using CSS, and you can even custom select what products get linked to. The premium version adds on even more features like click reports, a bulk keyword editor, site wide keyword selection, link redirection customization, and more. The premium version ranges in price from $27 to $97.
Eventually, I’ll have to stop blogging altogether. Don’t worry, it won’t be anytime soon. I still enjoy blogging, but I just don’t see myself blogging when I’m 70. That’s 27 years away so we have plenty of time left. I really don’t know what will happen to our traffic if I stop blogging completely and just repost old articles. I suspect the traffic will slowly drop and stabilize at some point. If you have firsthand experience, I’d love to hear about it. My optimistic guess is that traffic will eventually drop to 50% of the current level.
The last plugin I’m going to talk about here today is Sensei from WooThemes. This plugin offers another way to create courses, take on new students, and offer assessments within the WordPress dashboard. Though you can use it as a full LMS, it’s also useful for setting up a course and then walking away. Automatic assessments make it totally possible to accomplish this.
Thinking of going the online course route? Then you might want to check out CoursePress. This plugin is easy to set up and allows you to create a full online course that site visitors can sign up for, complete assignments, take quizzes, and more. You have the option to create text, audio, or video-based courses, integrate discussion boards, and even offer video previews to entice potential students.

This might be a weird one, but signing up for Uber (if it is available in your country) can be an amazing way to generate income by doing what you already do on a daily basis. If you drive a car and you have one you use every day, then picking up people that are along your way that give you cash for dropping them off somewhere nearby is, well, unheard of.
Thanks for the great post. I have been working really hard at understanding Blogging in nature and I really hope to monetize as I go. I am also really excited about my wife starting out. Which reminds me. I could really use someone that can design WordPress Templates for her blog. Anyways… we are seriously going to have a close look at Blog Master Mind. Thanks again!
All the little bits of money you earn through those channels can make up quite a nice sum after a year or so. Remember how I said that starting a passive income business either a lot of time or some money, or a bit of both? Well, mobile apps offer the best of both worlds. With a little time and a little money you can have an app developed and on the App Store in literally a week.
At some point, you have problems with scale: you need to dive into advanced sysadmin skills to maintain your server up and running, or pay to have it done. Wordpress updates, OS updates, all of this is work, sometimes heavy works when your plugins start to misbehave. Let alone the occasional drill when your site is under a DDoS attack, or just stops responding for no effing reason.
It comes with a cart system, promotional code support, multiple payment gateway support, a user purchase history, product bundles, variable pricing, customizable receipts, earnings charts, and more. There are a lot of features here so it’s definitely not passive but once your site is all set up, Easy Digital Downloads offers a convenient way to sell your digital products without much hassle or upkeep.
Some people take it automated well before the year is up. When it converts, it converts. If you target the right people and you're able to create the right message that appeals to your audience, you might just hit a home run. An automated webinar often involves the creation of a webinar funnel. That includes, not only the webinar, but also the email sequences, and possibly a self-liquidating offer, and maybe some done-for-your services and up-sells.
"What makes business work is creating value. If you're going into the business with the intention of not creating value, but of having it magically provide money for you, then you often make really bad choices. The business that you're investing in or creating doesn't tend to be creating value for its customers or for anyone. So it doesn't tend to spit off the cash you're hoping it will. So many times I've seen people pursue passive income, and end up having active losses instead. They just spend a lot of time and money trying to push responsibilities off on other people and having it not work."
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