How to Earn Passive Income Online (3 Legit Models From $5 Million Entrepreneur)

Published on December 4, 2020

Latest high defination online streaming relevant with writing tips, best passive income, and Example of Passive Income Business, How to Earn Passive Income Online (3 Legit Models From $5 Million Entrepreneur).

Today I’m going to show you how to make passive income online. I’ll be showing you 3 different business models that you can choose from to start with so that you can build a business that works for you.

If you’d like to see specific examples from several different businesses that I own, here are 9 ways that I earn passive income online: https://www.youtube.com/watch?v=dhgQc70ZV7Y

With that said, please read on for some really important information about this desire we all have to earn passive income, because there’s a lot of information about it online, and not all of it is true.

There are several different definitions of passive income. I’m aware of the traditional definition, such as earnings derived from a rental property, but there’s a better way that I have years of experience with and have also taught tens of thousands of others to do.

It involves building online businesses that take advantage of systems of automation that allow transactions, cash flow, and growth to happen without requiring a real-time presence.

In other words, we don’t trade time for money. Instead, we invest our time upfront to create assets in the form of an online business that can continually pay us back later.

There are several different ways to achieve this, and the 3 models I share in this video will give you an idea of how you might approach an online business that works for you.

COMMON QUESTION #1: Does generating passive income mean you don’t have to put in any work to earn money?

No. Not at all. Creating various passive income streams takes time and a lot of hard work. It’s about building a real business that solves a problem, and creating systems, or hiring people such that it can be run on auto-pilot.

COMMON QUESTION #2: Can you create a passive income stream that requires zero upkeep or attention that will pay you back forever.

No. All passive income streams, even traditional ones, require some form of upkeep and maintenance. Real estate portfolios and market investments cannot (correction – shouldn’t) be walked away from forever, and neither should any type of online business.

With that said, however, online businesses can be fashioned in a way so that you can walk away from it for a while and it can still continue to run. An online business is a storefront that is open 24 hours a day, 7 days a week (even on holidays), and much more than real estate or market investments, building an online business gives you a lower barrier to entry, as well as a lot more potential upside.

Just think – how much would an extra $1000 per month help you? Imagine how much it would cost to invest to obtain an additional $1k per month in tradition forms of passive income, while building a business online is much more achievable.

Let’s do some math to give you some perspective:

Imagine you sell a $25 product. You only have to sell 40 of them, per month, to earn an additional $1000/month.

Imagine you sell a membership into your program for $25 a month. You only need 40 members to generate an additional $1000/month. But then the next month, you obtain an additional 40 members who also pay you $25/month. Now you’re making $2k per month.

The most important thing, however, is that whatever product or business you create, that it helps solve a problem. All good businesses solve a problem in some way, shape, or form, so make sure you watch the video to learn exactly how you can approach building a business online of your own.

Links mentioned in this video:

SPI Podcast Interview with Brian Casel: http://www.smartpassiveincome.com/session158

Tools I used to start selling my first product / ebook:
http://www.gumroad.com

Also watch 3 Passive Income Myths, BUSTED: https://www.youtube.com/watch?v=cGOiGCXMbRM

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Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:

What is Passive Income?

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New and updated: “Podcast Marketing in 2020 (Top 5 Podcasting Tips that Get More Downloads and Subscribers)”

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Example of Passive Income Business

Example of Passive Income Business, How to Earn Passive Income Online (3 Legit Models From $5 Million Entrepreneur).

Freelance Composing Disaster – Inadequate Sources Of Income

You create it, market it, and after that create a foundation for a complete time organization. Having a MISs from main, secondary and passive income streams will accelerate your wealth building. Can you envision making money while you sleep?

How to Earn Passive Income Online (3 Legit Models From $5 Million Entrepreneur), Find more complete videos related to Example of Passive Income Business.

Residual Income Will Give You Financial Freedom

The main focus ought to be developing your list with as less effort as possible. We do not have to opt for the regular income from one job. So, discover your specific niche, work on it, and stay with it up until you are successful.

If you are searching for some extra earnings concepts you might well have actually come across among the following thinking it is the answer to your prayers. Unfortunately these plans usually do not make anyone other than the individual promoting the program much money and are best avoided. So what earn money quick plans should you avoid?

Paper. This is most likely the easiest of the passive income sources. By investing your money correctly you can produce capital through the marketplace also. However it’s likewise the most riskiest. Paper investing like stocks, bonds and so on are really market delicate. Markets increase, markets decrease, and markets go sideways. When the market goes bad, the problem with paper possessions is that there’s really little or no defense. They succeed when the marketplace goes up and lose whatever coming down.

Sounds easy right? Yes, it is. Through passive income streams, people have actually gained a lot. All they require to do is to create a website, increase their traffic with the usage of SEO, and gain more visitors daily.

Content 2.0 sites that generally develop themselves. You get the ball rolling with a few pages of content and the software takes care of the rest. These sites are a lot slower to grow, however as passive income ideas go, they need the least upkeep.

Discover keywords that have a high search rate however low competition. There are a number of various software applications which will allow you to do this. Google’s keyword tool is a fine example of an easy to use program.

That’s at the high end of the scale. Numerous account owners make just 3-5%, as their money is being in a bank someplace, as a certificate of deposit. That’s “technically” self directed IRA passive earnings, however three to five thousand each year is not going to help you retire in the style, you may like. In truth that 8% would not help too much either.

You do not have to work all alone. Professional help is a need to in any passive earnings organization launch, and while you may anticipate to be included at the deep end from the really starting this is not the case.

You can brand name yourself as a weight loss guru and young boy, will you earn money! Many people would love a chance to earn money for really little work. Ok, services that do not need your presence.

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