Understanding The Leverage Of Passive Income

9 replies
Passive income, what is it? According to wikipedia
Passive income is an income received on a regular basis, with little effort required to maintain it. It is closely related to the concept of "unearned income".

Today there is really so many business opportunities out there and we can really leverage the use of "passive income" to work smarter.

This can be in means of a membership site or a service plan. There are hundreds of different ways to create substantial passive income. What is nicer is having 3 or 4 passive incomes at once and building them all at the same time with just one website.
#income #leverage #passive #understanding
  • Profile picture of the author Elvis Michael
    The month of August has definitely seen its fair share of "Passive Income" threads here on WF, lol.

    Not complaining, Ethan -- just a quick observation.

    Thank you for the motivational post.
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    • Profile picture of the author Frank Donovan
      Originally Posted by Elvis Michael View Post

      The month of August has definitely seen its fair share of "Passive Income" threads here on WF, lol.
      Yeah, well... Passive income earners have a lot of time on their hands.



      ..
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  • Profile picture of the author roblawrence
    I've made all my money from membership sites so can certainly vouch for it as a viable business model. If you have a brain filled with quality knowledge to share with others, you can make money. It's as simple as that!
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  • Profile picture of the author Graham Maddison
    Tap into the forex market .... many aspects of this can be passive once you have successfully built a list to market to and also recruited some sub affiliates to get 5 - 10% on their efforts too.

    Forex traders are akin to gamblers -- there is a fine line between them, but repetitive commissions each time they make a deposit can only be good for the affiliate don't you think?

    Takes time to build - but can soon become passive once you get there with your marketing efforts.
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  • Profile picture of the author nicholasb
    here is a look at what my income looks like, which I would say is as passive as it gets..

    Income 1 My own products and affiliate income averages about $1,000-$1,500 a day profit consistently.
    About 95% passive

    Once it's created I have to make sure everything is running smoothly, I have to check on it. Make sure my help team is paid and happy and all my clients are happy. There a re few hours a week where I have to really focus on this business.

    My affiliates, JV partners and help team do most of the work here

    Income 2

    This all comes from investing 90-95% passive

    I take a good majority of my earning and invest them since I don't have debt and have very small bills. Here I have to look into my account do some studying and decide what I want to invest in. what I should buy sell ETC... Where I should put what money and if I should transfer any around

    My income is now earning me a good fortune (put your money to work), but I still have to check on it. and see where goes what

    I'm sure I could bring both of these to 99% automation if I brought in someone to manage everything, but there are just somethings I prefer to do myself..

    So with these two incomes I'm pretty set and can get away with less than 15 hours a week. So thats ok with me, pretty damn automated.

    But I don't think there is anything that can make you 100% automated, I could be wrong though.. I'm sure no matter what it is you have to be doing something consistently to keep it growing even if that is just a phone call to the person managing it for you.
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  • Profile picture of the author tyronne78
    Want a guaranteed way to make passive income? Check this out - According to BankRate.com you would need to invest around $521k in a 5-year CD @ 2.3% to make around $1,000 a month in passive income.
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  • Profile picture of the author cyberzolo
    Membership websites have so much potential! Say you have 500 members and they pay $19.95 a month, that is $10k a month!
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  • Profile picture of the author EPoltrack77
    Awesome! You can get involved with MLM and build a downline and network and teach them how to go out and make sales. Delagation
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