PASSIVE INCOME : What is Your Asset?

Hi,
I'm just helping here, so don't shoot the messenger.
Don't you mean it's the only asset that 'will' last?

If so, then yes, I agree that it's your list, 100%!

A quick note regarding "totally" versus "partially" passive:
Even if you have to work on something every now and then, it's still pretty much passive income (100%). So think of passive income as something that "is, or it isn't" (with no in-betweens).

There's a big misconception surrounding this whole thing: Some people think that something is passive only if it requires NO work whatsoever. But in reality, passive income is simply money that comes in at irregular intervals through irregular work, whether someone works at it once a week, once a month or once a year (hence, passively).

So when you hear someone say, "There's no such thing as passive income," feel free to ignore them.

My long-term passive income streams involve Kindle publishing, email marketing, and membership sources.

As far as my books, i update a few of them between one and three times per year. Everything else (email and memberships) depends on the occasion, but maybe 3-4 times per month if I need to reword a few things or simply replace them altogether.

They have a word offline for people who are young and start out not wanting to work for a living

Its not a kind word but

Online we are more kind - WSO dreamers

I have an affiliate website!

adsense best for me i have many blog

I published 400 apps in the App store....
and I have 14 courses published
and 2 books ....

no passive income here i am starting to create products to make passive income from the web.

Hi Connann,

I am huge on running a self-hosted blog because I own it.

Ultimate asset because you can do so many things through a self-hosted Wordpress blog; sell all types of products and services, publish all types of content, and again, this is a valued piece of cyber real estate that you will own unless you break TOS, which is really hard to do, ultimately.

Ryan

Design templates ranging from logo, icons, vector graphics, etc. Also doing website template, especially WordPress themes.

I share everything for free and make quite nice amount of money from affiliate promoting premium stuff.

It's really passive because I only work whenever I want and create anything I want.

I published 6 apps in the App store....

Still have some old MFA Sites ( "made for adsens"e) that have not been touched or even looked at for years still earning me money.

In my book that's passive

- Robert Andrew

Actually this is an interesting post because I've just started a blog about it (link in sig if anyones interested).

I've been heavily reliant on gambling affiliate cash to bring in revenue share cash, once I get a player I earn 60% of their losses for life. Doesn't sound like much but times that by x100s and you've got a recipe for success. It's kind of passive as I don't need to do anything.

Real estate: anyone thats made a bit of cash and has some savings, I strongly suggest real estate and renting out property. It's a learning curve, but its nice to have some physical assets and the chance of the property increasing in price (its a long game).

I also look in to protecting wealth earned from passive incomes by investing in bitcoins/precious metals etc...

To have a fully sustained lifestyle purely based on passive income is the dream. Even if its half the amount of someone earning a great salary - I'd take half, and have all my free time please

I don't think there is anything passive in internet market, just a lie to sell stuff to newbies.

From what i know since 2006 everything needs attention otherwise money stops from that flow.

Everything passive takes lots of hard work up front.

I have an Amazon FBA business and if I disappeared for a year or two the business would run itself. Took me about 3 years to get to this point.

Second is YouTube. Having a video that earns a few bucks here and there doesn't seem like much when you publish each one. But when you have hundreds of them, each one becomes one of the hundreds of little "workers" for your budget over time. Once you get there, even if you don't publish another video ever, you can expect to earn $$$ completely passively from royalties.

There are lots of ways to earn passive income online, and lots of my clients are already doing that.

The only difference is some clients opt for review websites or content rich websites, while other are immensely sharp. They work on those techniques which sometimes surprise me as well. And, in fact, many times I learn from my clients as well, since because of their level of investment and knowledge I know they are super rich.

It doesn't matter whether it's YouTube, Pinterest, or anything like. The thing I have noticed is that they are focused on "DETAILS". The network in reality doesn't matter. Working on small details help them to win the game.

So, from my experience, it won't be correct to choose one particular way or network for passive income. You have to learn the details. It's same like, if you want to make tea, you should make the best tea in the work, which can compel your guests to visit your home, over and over again. You have to know the right ingredients, amount of heat, some special spice (which is hard to find), and etc. to make your tea exceptional.

Most of us make mistake when we try to dominate different platforms or techniques. It's better to choose one platform and learn everything about it, as much as you can. Test it and stay with it until it hands your super success and wealth.

When you achieve that thing, you already know how to make it passive and triple your income again and again.

Recently, my one client, and he is only 20, earned $3500 within 3 weeks, as far as I remember. He was in the gaming niche. And, his strategy was totally passive. His mind and way of thinking (business mentality) shocked me too.

I use email marketing for the majority of my marketing. I use it to teach, pitch offers, pitch free offers, promote my affiliate program, and promote my products. Due the extreme laziness that i have in life, it's the only thing that i'm willing to do - that makes me money. Other methods work too, but due to me being a guy who wants to lay in bed all day and watch Hulu.... email marketing and my list are my biggest assets.

However due to how regulations affect certain business/marketing practices - my current assets may change in the future.

As far as assets go, build an email list(s)!!!

I've been mailing for over 16 years and there is nothing that can touch it.

Not a big fan of "passive income", what I prefer to build my businesses around are these 3 concepts:

1. Leveraged Income - meaning that I look to deploy high leverage techniques in all aspects of our business such as a) Create products once and sell many times b) Sign up affiliates so they can sell our products over and over again c) develop systems for everything we do so I can outsource and hire to scale up d) Leverage content - create once and re-purpose for dozens of platforms to get maximum reach, etc... In each of these cases, up-front work is leveraged to get many times more return from that effort AND to make it less dependent on me as time goes on so I can scale and exit the business (giving it more external value)

2. Control: This one is BIG for me...I have watched WAY too many people build mini-empires using systems, products and go-to-market methods they do NOT control only to have their entire business pulled out from underneath them by someone else....control is critical to any notion of passive or leveraged income

3. Lifestyle: To me, it makes no sense spending 12-14-hour days for months on end working in a market you do not like, with a product you do like spending the majority of your time doing work you don't like. The more aligned you can make your business with your lifestyle desires -- the better it will do and the more fulfilling your life will be. Don't get me wrong, there will be stuff you won't want to do, there will be headaches, there will be nasty customers, etc...but overall if you are steering the ship in a direction that aligns with your lifestyle goals - you will maximize both your chances of business success and lifestyle happiness.

Jeff

Really?

Email marketing is not an asset. It's a communication medium. Anyone can use it. Having the ability to email is common place - most anyone can do it.

If you have a responsive email list . . . that's your asset. That's something worth money.

Steve

Hi
passive income can come either from rental income or a business.For passive income, you also have to work it's not like if you are not actively participating in business which doesn't mean you don't have to work.In this, a person has to create information product for selling e.g dvd, audio course etc.Rental Income is also a better way for passive income.

You get a fat check every month from your uncle Ferd, just because he thinks you're awesome.

Now that's passive income!

Brent

Pray that you're in the will?

Yes indeed, email marketing is one of the greatest assets out there.

My assets are Bitcoin miners. It has enabled me to quit my 9-5.
I now have the freedom to teach others how they too can get into the crypto market, and generate income through Bitcoin mining.

I prefer to mine through certain companies who manage everything on behalf of their clients. Less headaches for me, haha, and of course this means 100% passive income.

My assets paid themselves off in 8 months. I make around 5%-15% of the cost of the assets per month, depending on what the crypto market is doing.