I'm going to be choosing a niche and domain name this week and launching a new WordPress blog. The only money I'll spend will be for the domain name (I'll use existing hosting as you might do if you're already hosting your own professional site). No paid advertising. No paying for custom designs or coding. I'll be launching the blog in the same way many of you might -- spending as little as possible up front.
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.

I’m feeling inspired! I’ve been a PT for 19 years and I feel I have so much experience to offer but have been so intimated by starting a blog. I also subscribed to Michelle’s website but wasn’t sure it was for real. Is it for real? After reading this I feel like it’s time to take the plunge, I need to start a blog, I have so many ideas and even course ideas. I want to get away from the paperwork that plagues our healthcare system but not leave the field so the blog just might be the answer. I’ve been a landlord for 15 years now, great investment for sure, renters paid for the down payment of our house and should hopefully help pay for our kids college. I’d love to have one more! Thank you for the inspiration, wish me luck with my blogging!


4. We do our own IT, website design and implementation, write all our own materials, do ongoing research to keep it fresh and develop new products and technologies, market, mail like madmen (our emailing subscriptions alone cost us $1,100 per month, but we’ve got a list of 15,000 after four years in the biz), and somehow manage to keep the dishes clean, food in the fridge, and love our 4 kids as much as we can.
If retirement is a goal of yours (and who doesn’t want to retire someday?!?), it’s important to learn how to start investing. In fact, funding your retirement accounts should be at the top of your list. While these accounts won’t help your immediate situation, by stashing cash now, the residual income they create should help propel you through your golden years.
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.
Greg Johnson is a personal finance and frugal travel expert who leveraged his online business to quit his 9-5 job, spend more time with his family, and travel the world. With his wife Holly, Greg co-owns two websites – Club Thrifty and Travel Blue Book. The couple has also co-authored a book, Zero Down Your Debt: Reclaim Your Income and Build a Life You'll Love. Find him on Instagram, Facebook, and Twitter @ClubThrifty.
My advice for beginners – especially beginner bloggers with new sites – focus on your site content and traffic for a while, then add your Amazon links once you have a little traffic. So many beginners focus on making money from their links and sacrifice their content building in the process. Without good content and traffic you won’t make much anyways.
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.

Under throughput analysis, the only factor that matters is the impact of a proposed investment on the ability of a business to increase its total throughput (revenue minus totally variable costs). Under this concept, the main focus is on either enhancing throughput through the bottleneck operation or in reducing operating expenses. This analysis requires a consideration of bottleneck usage by the likely mix of products to be manufactured, and their margins. This is a much more detailed analysis than is contemplated under the more simplistic residual income approach.
As for Mr. Tako’s idea of hiring writers above, it’s not bad. However, in my experience it isn’t great either. Managing writers can be as much work as managing the other aspects of the blog. They come and go and I found myself spending more of my time on tasks that I didn’t enjoy (hiring and interviewing). I also felt like I didn’t have the same connection with my readers.
The trial court ruled in Karen’s favor and signed a proposed divorce decree that had been drafted up by Brad’s attorney. Neither party appealed the decree. After the divorce, however, Karen’s monthly income began to progressively decline. As a result, she filed a petition in July of 2007 alleging that Brad had violated the terms of the divorce decree. She also proposed an alternative argument that perhaps the divorce decree was too vague and needed to be clarified. The trial court found that the decree was, in fact, too vague, and ordered it to be clarified.
The members and brokers that Brad recruited, as well as the members and brokers that those people recruited, were considered Brad’s “downline.” At the time of the divorce, Brad’s downline consisted of thousands of members and brokers, earning Brad a residual income of about $27,000 per month. The trial court was tasked with determining just how to divide the residual income, generated by Brad’s downline, between the two parties.
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Just because the whole notion of passive income isn’t all that passive, doesn’t mean you can’t build monetization into your WordPress site with minimal effort. You’ll still need to participate in all of the general site upkeep tasks like writing new posts, marketing, and site maintenance, but the money-making approach you take can be quite simple and require little work on your part once set up.
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.

Most workers earn income by performing tasks and receiving compensation from an employer or a client paying for services. Earned income is compensation made through active work that results in an immediate payoff. Residual income, also known as passive income or unearned income is money you receive periodically that does not require constant active effort. Passive income has several notable advantages and disadvantages with respect to earned income.
Passive income is hard to generate for one reason – the world is dynamic. Human beings, some who work with you, some who you compete against, are dynamic, and because of that, if you are to do business, you must be dynamic. The only way to respond to dynamism and succeed, is to be dynamic yourself, and therein lies the work – and the end of any chance for passive income.

I always knew it would take hard graft and a lot of time. I started writing three years ago, at that time, for no other reason than I wanted to put pen to paper. However, over the years my blog has developed into something I would like to focus more on and would like to monetise it. So can I ask, are there any good books or other websites etc I should be reading to help with SEO etc – I understand the basics but I now want to know more.
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.
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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.
All that being said, the residual income valuation approach is a viable and increasingly popular method of valuation and can be implemented rather easily by even novice investors. When used alongside the other popular valuation approaches, residual income valuation can give you a clearer estimate of what the true intrinsic value of a firm may be. (Don't be overwhelmed by the many valuation techniques out there - knowing a few characteristics about a company will help you pick the best one. See How To Choose The Best Stock Valuation Method.)
Jitendra Vaswani is the founder of SchemaNinja WordPress Plugin, prior to SchemaNinja he is the founder of big internet marketing blog BloggersIdeas.com. He is successful online marketer & award winning digital marketing consultant. He has been featured on HuffingtonPost, BusinessWorld, YourStory, Payoneer, Lifehacker & other leading publication as a successful blogger & digital marketer. Jitendra Vaswani is also a frequent speaker & having 5+ yrs experience of in Digital Marketing field. Check out his portfolio( jitendra.co). Find him on Google+, Twitter, & Facebook.
Peer-to-Peer Lending: Earn up to 10% in returns by lending individuals, organizations and small companies who don't qualify for traditional financing through peer-to-peer lending platforms like Lending Club. You can lend $100, $1,000, or more to borrowers who meet lending platform financial standards. Like a bank, you'll earn interest on the loan - often at higher returns than banks usually get.
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.

For those who prefer a more do-it-yourself style but still want their investments to be managed automatically, a robo-advisor like Betterment may be better suited. After completing an initial questionnaire, this program will automatically invest your money based on things like your risk tolerance and time horizon. They’ll even rebalance your portfolio when necessary – all automatically, of course!


Even if each patron only contributes a very small amount each month, it can still be a huge source of income. Take a look at the Patreon page for Kinda Funny, an internet video company. They have over 6,209 patrons which means an average of just $3 a month would be a monthly income of almost $19,000 – plus they get cheerleaders that are always happy to spread the word on their brand.
About Blog Smart Passive Income is a resource run by me, Pat Flynn, to teach you proven strategies for running an online business and optimizing it for passive income. Passive income is money, made by your business, that does not require a lot of ongoing, manual effort from you. Follow this blog if you'd like to learn more about any particular topic about doing business online.
Also: be prepared to work hard. Initially, you’ll have to work persistently on your business or website and not see any returns. Once you’ve built up your business or product to a complete level, and established connections, then you can expect to start earning money from it. (Note that not all of these ideas are businesses; some of them can be done without needing to open up a business).
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.
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.
This book is a definite must read, and in the top 5 out of this list.  My favorite use for this book is to help people decide what business model to pursue – for a start anyway.  ie info product v membership site v affiliate marketing.  Since Joel compares them all and shows you the major challenges for each (along with how-to guides), the task becomes a lot easier.
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