An evergreen business with passive income?

10 replies
It really is the internet marketing dream. Besides making heaps of money, most marketers would like to have systems set up that brings in predictable revenue with very little management.

Myself included.

So for those have put blood, sweat and tears into an online business that is managed by only one person and earns around half a million in revenue, what guidance can you offer someone who wants to accomplish the same thing?
#business #evergreen #income #passive
  • Profile picture of the author moneymagneto
    Invent something useful to the world.
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  • Profile picture of the author Shane N
    Great ambition!

    Of course, if I had more time, I'd be able to give a lot more/better advice... But here goes nothing...

    Get involved in a niche or subject that you are knowledgeable and passionate about.

    Take action --> Don't get held back by over-thinking or fear.

    Truly passive income can be achieved best via:

    1. A Membership Site where your members pay you a fee every month/year

    2. Earning a recurring commission from an affiliate program that is recurring/subscription-based

    3. Building a list and having a strong autoresponder followup series that "passively" brings in sales. You'll also need a squeeze page and "passive traffic" for this to totally be hands-off, which is not easy.

    Some Evergreen niches are: Finance, Credit, Health, Beauty, Weight Loss, Business Opp, Gaming, Electronics, Gadgets, Loans, Insurance, Dating, Romance, Etc.

    I suggest you work towards one or all of the above and you should be a bit closer to achieving your goal.
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  • Profile picture of the author Steve B
    Adjust your dreams. Be realistic about online business from the outset.

    You may eventually reach 500K/year. But if that's your goal at the start, I'm afraid you're going to be sadly let down.

    A better goal would be $100/week. When you're making that consistently, shoot for $200/week. Then $500/week. Then $1,000/week.

    Then shoot for $1,000/day and see if you can do that consistently for 1 month. Now you're closing in on your goal.

    It will take $1370 every day of the week for 365 days for you to reach your goal. It's not going to be easy. Very, very few IMers sell at this level.

    I challenge you to simply make $100/day and come back and report when you're making that much every day - it's a milestone.

    Steve
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    Steve Browne, online business strategies, tips, guidance, and resources
    SteveBrowneDirect

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  • Profile picture of the author Sarevok
    Focus.

    It's all about focus.

    I don't care if you're flipping burgers or designing SEO plugins. (Or some membership / recurring payments).

    Focus on what you're doing. And have clear goals.

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    • Profile picture of the author RobbieRodriguez
      Originally Posted by Sarevok View Post

      Focus.

      It's all about focus.

      I don't care if you're flipping burgers or designing SEO plugins. (Or some membership / recurring payments).

      Focus on what you're doing. And have clear goals.

      I agree with you fully! Do you have any tips or insight on how to create relentless focus?
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  • Profile picture of the author Tom B
    Banned
    Originally Posted by RobbieRodriguez View Post

    It really is the internet marketing dream. Besides making heaps of money, most marketers would like to have systems set up that brings in predictable revenue with very little management.

    Myself included.

    So for those have put blood, sweat and tears into an online business that is managed by only one person and earns around half a million in revenue, what guidance can you offer someone who wants to accomplish the same thing?
    Patents
    Licensing
    Put large amount of money into bonds.

    There is no passive income in business. The best you could do is hire people to do most of the mundane work and you oversee them. That should take very little time if you have everything set up prior to hiring them.
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  • Profile picture of the author Kenster
    Find a good business, build it yourself (it will take a crapton of work...but it's fun)...then find some darn good talent to manage it all.

    How to do that will depend on the model and business of course
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  • Profile picture of the author David Hooper
    Coming from the music business, I see this kind of thing all the time. Here's the key -- own the copyright. or trademark of something valuable

    If you own intellectual property that people want, whether it be a song, a book, a script, or anything else, you can make passive money like this via licensing.

    Everything else mentioned here requires some kind of work...
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  • If you want evergreen niche, I suggest going for make money online.

    Everybody wants to know how to make money online and if you can master a skill set on helping others how to make passive income, then you are step closer to success.

    You can setup a proper sales funnel that actually is also your bribe or lead magnet to acquire people's email to become your lead.

    You prob already heard a million times that the money is in the list so building your email list(whichever niche) is the best and fastest way to build your empire.

    You can also leverage off from other products and systems out there in affiliate network marketing that you can promote within your blog or brand.

    I prefer promoting low ticket passive monthly incomes at the front of sales funnel and high ticket affiliate products at the back end in order to make those 1k a day incomes.

    Most of all you must be a master of a skill that you can teach your students or leads. This makes sales easy because they trust and respect your authority.

    People hardly buy products but people join people

    This is just one example of my passive income streams and its pretty much autopilot now which will allow me to branch out to other passions and niches online or offline to scale my brand or lifestyle altogether

    Joe
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