The importance of focusing your attention on passive income

Yes i can understand this with running websites myself as you can see my site in my footer.

Passive income is some thing hard to build and i find it hard.

As you say

When it comes to Internet marketing strategies, you should know how to create both passive and active income. However, your main focus should be in generating more passive income. This is simple, since all you have to do is to create a website and to generate traffic. In order to do this, you don’t have to spend hours in order to post ads on forums and Facebook, but you have to create a website that will actually attract your target audience. It has been proven that people don’t click on the online ads that invade their computer every time they access a website. On the other hand, they are actually attracted by valuable content especially created for them. Besides this, you can also publish on your website YouTube videos and interesting pictures. It has been proven that consumers are attracted by visual media. As you can see, it is very easy to make a website work for you, generating the necessary income you need.

I think you hit the nail on the head

"attracted by valuable content especially created for them"

If it resonates with a problem they need to solve, then they will not mind that you are not active. Therefore they will accept and pay for passive media such as training videos.

good topic regarding passive vs active income. I would like to add that it would be beneficial to put some thought into short term vs long term perspective too.

Many monetization methods such as building niche sites for Adsense or affiliate income can be extremely passive once you got them on the right track. The downside however is that they might not be a secure long term revenue (google slap can tank them overnight)

Something passive and long term IMHO would be a membership site and software development i.e. built in continuity.

bottom line is sometimes active income is necessary such as providing services. While it needs more active involvement from me, it provides me short term income to support my long term projects. Hope that makes sense.

Don't forget customer care followup sequences in your product launches as well - it's very easy to weave in affiliate links weeks/months after a buy.

I do'nt really believe there is something like passive income. Every income source online requires a lot of work. I would rater define it as automated income streams.

That being said the most automated income stream is definately promoting affiliate products with recurring commissions (membership sites). You don't have the ongoing maintenance of the site and you still earn months after your initial promotion.

Creating passive incomes for your business allows you to take away most of
the problems of having to make consistent one single sales from your sales funnel
in order to reach your monthly income goals.

One example of this is to create a membership site platform.

Once you've laid the ground work and you've added lot's of useful content
that people can get easy access to every month then it's just a case of improving
and tweaking your conversion rates and your retention rates too.

Retention rates are a key factor in running successful online recurring passive
income membership sites because once you know that you can keep members
active for several months by strategically drip feeding your content to them that
they need and desire then this becomes a very powerful way to keep constant
revenues coming into your business.

Very powerful and I always encourage any mass product creators out there to
think about creating them also.

Thank you Guys for your comments. Yes I really believe it is very important to focus your energy on Passive Income in order to grow your Internet Marketing Business.

so what type of product, business or service would be best for passive income?

I don't think the OP was describing a "free lunch" -- just less of a direct relationship between services/good provided and revenue. That being said, content with a long tail could be a sort of passive income in this context.

I was once told "If you are exchanging time for money, you will never be wealthy."

I'll never forget that. Passive income is what it's all about. The asset mindset is the road to riches.

Yes Guys generating a system which generates a passive income does not mean there is no work involve. Let`s give you a step by step tasks you need to to do in order to achieve this.

1/ Research a product that the market wants

2/ Create a landing page

3/ Create a serie of emails on your autoresponder (Videos even better)

4/ Create traffic

5/ Monitor and make adjustment.

Now if you decide to generate traffic by posting on forums and be active on social medias every day I will not call this system a passive one as you require to work every day to generate traffic.

On the other hand let`s say you decide to generate traffic by using youtube and you are going to do a research to find keywords with reasonable search and relevant to the product you want to sell.

You create an amazing video talking about this specific keyword (Group of keyword) preselling your product and you repeat the process everyday for the next 50 days. After a while you are going to generate a system which will generate traffic without your assistance and some of them will convert into a sale.

This is what I call a system creating a passive income but initially you needed to work on this for 2 months without making any penny and most people in this world do not have the patience and persistence to achieve this.

Yes Phil your quote does it say all
"If you are exchanging time for money, you will never be wealthy."

passive income is as easy as building a stock porfolio that pays of dividends every quarter. The trick I finding real life companies that pays divdends, and have a history of paying divdends

Yes Jonwebb building a stock porfolio that pays of dividends every quarter is very good way of creating a passive income.

Actually very true point. Hard to build, but worth the effort. Membership sites are a good example - same amount of work and marketing on the product, but the clients stay around month after month.

Passive income is definitely better than active income.

However, passive income takes time. It will require endless efforts that don't seem to get anywhere. Until that one day where everything starts moving.

And this is the main reason why more people choose active income as they can get their needs satisfied immediately.

True passive income is perpetual. The IRS deems passive income
are only rental activities or business activities which you are not
materially involved.

If you are not materially involved in your endeavor your income will
disappear eventually.

Forbes.com calls the type of income we are discussing as leveraged
income. Instead of trading an hours work for a set amount of money
we invest an hour into something that will work many hours (but not
forever) without our involvement, in hopes that we generate far more
income than we would as a wage earner.

As we develop automated processes and systems the leverage
increases. Maintenance will always be necessary though.

Leveraged income does allow us to take significant breaks without
involvement so we can enjoy our higher income on a regular basis

By this definition, there is no such thing as passive income when it comes to business. BTW, I do agree with the definition.

The reason I say this is because the whole passive income when it comes to business is pretty much a myth used to sell courses

The minute you stop being active, then it is just a matter of time your business dwindles to nothing. That could take a week, month or year. Either way, that isn't a good thing and most definitely not something I consider passive.

What I do think people should be looking at is leveraging their time. Get the most out the least amount of work.

Forget the whole passive income unless you have a lot of money you can throw into some long term bonds.