Are you blind to the opportunities of making "Passive Income" on the internet?

Yes! I woke up at 6:00 a.m. on this beautiful Saturday morning excited to rework my business model to achieve this. He pointed out to me that it was 100% mindset in why my daily activities and time consuming projects were even existent. I created the work because I was following a "proven system."

So it will take some time, but yes, I am working with a smile on my face today to revise my website/product/sales funnel/pricing etc. to where I'm not busting my butt day in and day out to get sales.

Of course saturated with websites but not with competition. For Newbies there is a plenty of room every time...Most of them just start and forget. If you stick with..what you learn then you can crack the short path of success..

Just mix your smart think and hard work then watch the real money rollin

Anil

Why should the percentage matter?

Compare 100% commissions on a $10 product versus 10% commissions on a $500 product.

But that doesn't address what the thread is about. Do you have a system in place to make these commissions as passive income without spending time to make each commission?

.

Can you expand on this Randall? I'm not arguing the fact there's money to be made through linear methods as I've been earning a full time income through those very methods (and I've been very excited about it) but what was pointed out to me is that there are people making the same amount of money and not working 40 hours a week.

Thanks DotComBum,

That's interesting that you bring that up. I guess not everyone is the same and some people love what they do and are happy to wake up and do that work every day.

I personally started my Internet quest with to have much more free time and the luxuries to work from whatever part of the world I desire. So it's interesting to me and important for me to understand that not everyone who ventures in internet marketing shares that same dream.

Thanks for the reply.

Anyone else feel the same as DotComBum?

Take that one step further and get other people to advertise and promote for you. Then "you" can do what you want, when you want, where you want.

Re's
Rob Whisonant

I think you have to make a choice when you decide what you're going to do, how you will market your website etc.

I'm making a tiny amount, but it's definitely passive income, and it's because of the way I set my business up and ignored the path to instant riches.

Hi Jonathan Davis,

Okay I'm going to explain EXACTLY what happened with my situation.

No, I am going to remain online. I have 6 information products I created myself along with a membership website, but my mistake was, my membership fee was a one time entry fee, my products were only offered on that one website, and I give ALL the products to the lifetime members as soon as they join. Thirdly I was marketing it manually myself as I was still testing what works and what doesn't.

My mentor looked at my business model and completely tore it apart. He told me I need to separate my products and sell them individually all within their own websites. Then through automatic email marketing offer "new" products as upsells and bonuses. And on my membership site he encouraged me to lower the entry fee and have the pricing be a monthly renewal fee, and to keep people remaining members offer weekly workshop webinars that have been pre-recorded. Lastly for my marketing he said I NEED to be creating systems for exactly what I'm doing and outsource it as soon as possible so my only focus would be on product development.

So the marketing would be outsourced, the email marketing would be automated to increase conversions/sales/add on sales and the work that I would be left with is managing my employee I outsourced and product development which should be somewhere in-between 10-15 hours a week.

The reason I got so excited is because this is the exact system my mentor is using and he's making over 200k a year and lives a very free lifestyle.

Hope that cleared things up for people on why I created this thread.

That's exactly what I'm talking about Rob. Great work!

To help you out with keeping it going and product development (even though I really enjoy doing this myself as well) it was pointed out to me that what you need to push yourself to do is create detailed systems for how you maintain your site and create new products. Once the systems are created (and they dont need to be perfect right away) you can outsource that as well by giving your employee a layout of what you want the product to consist of and have them do all the busy work. Again the first one might not be perfect but over time you and your employee can work together to fix the bugs and allow you even more free time!

Great response!

I really don't consider it work, you got to build the house before you can live in it. After you've built the house you don't have to worry about water or heat or air. You just turn on the faucet, or flip the switch and periodically make sure it's all running correctly.

Look at it as a business a real business. The owner of that business has other things to take care of, rather then postponing events, because he feels he needs to flip burgers that day. lol

Obviously. The idea of truly passive income is geared towards dreamers who don't like the idea of 'actively' working to earn money. Sure, some websites and products can produce revenue somewhat on 'auto pilot,' but you still have to work hard to make anything happen.

That first sentence makes no sense, but at the same time it says it all. There are exceptional systems out there, created by people who stopped following the mainstream "systems" that everyone else uses. These are the people who really took some time to think outside the box and create an "exceptional system."

Passive income is only a myth to those not willing to try it.

Right on Gerald

Managing and working are two separate activities that shouldn't be compared as equals. If you have to actually do the work every day yourself to keep money coming in your doing "linear" work.

However if you simply have to manage your company and you've taken the time to implement detailed systems for exactly how you want things done, you have the opportunity to take a day off, or take a week off whenever you please and guess what......You're company is still making money. That's passive income.

It would seem that the OP just got received the knowledge that sparked the insight that inspired this post. How on earth could they possibly have had time to implement the teachings and NOW be making passive income?

I think sometimes, as jaded marketers, we get so caught up in asking for income proofs that we forget to stop and simply see the idea.

I'm new here. This just stood out to me as something that should be addressed.

Hi Allissa,

That's a great point to bring up! Marketing your product should be a daily routine to grow your income. But, again where people miss the opportunity here is by creating a detailed marketing system for their product based off of what has worked well for them and outsource the marketing so you can strictly work on selling/developing another product. So now you've created 2 streams of income and you're not stuck doing the busy work.

Once you've built enough streams of income you will have the option to do very little work if you choose.