Is True Passive Income Online Still Possible?
It is a fact that most people are living paycheck to paycheck. Furthermore, most people also despise their job and only stick with it because they do not have the Earn 8% Daily on your investment qualifications to work any other job. In order to break the bonds of living this way, you have to get a job that can earn you continuous passive income.
What is passive income? It is earning recurring revenue from only having to do something once. There are several ways in which this can be done. One way is by starting your own online business. Once you get an online shop set up, you can potentially make ongoing sales without having to make many modifications to your site once it is set up. While you will still have to do work, such as updating your inventory or sending out newsletters, the bulk of the work is already done once the site is up and running.
If starting your own business sounds too complicated, then you don’t have to start one at all. You can benefit from someone else’s company by becoming an affiliate for that business. A lot of online retailers have an affiliate program. Once you sign up, you will be given a URL address of the vendor’s site with a unique ID attached to it. You can make the URL as a link and include it in places like blogs and social media sites where it will generate the most visibility. If the link is clicked on and a purchase is made, then you get a percentage of the commission. It is a win-win situation for both the vendor and affiliate.
The idea of making a passive income is a desirable thought. Who wouldn’t want to make a steady stream of revenue just by including a few links here and there? However, it is something that is far harder to accomplish in practice. Whether you start your own business or are an affiliate for one, you will have to do some serious work to get your name out there. Unless people know who you are, they are not likely to buy from your shop or click on your link. You have to engage in some serious SEO work and get really active with all the latest social media sites and networks.