Passive income is money you generate continuously with minimal to no ongoing effort. However, to earn passive income, you will need to have the discipline to work very hard upfront to build your business.
“The key to financial freedom and great wealth is a person’s ability or skills to convert earned income into passive income and/or portfolio income” – Robert Kiyosaki
There is nothing as good as reaching that point in your business when the money comes in day and night without you putting in a lot of effort, meaning that you can have time to do whatever you choose to.
It’s interesting how we all have 24 hours a day. Nobody has more than 24 hours; so, ask yourself, if we all have 24 hours, why do some people make more money than others?
That is why working hard to create passive income is important so that you can later on spend time not worrying about money.
Why Passive Income is important
- Freedom to work or not to work
- Freedom to travel to all the places you have been longing to without asking for permission from your boss and not worrying that you do not have enough money to give you that memorable holiday.
- Freedom to be with your family whenever they need you
- Freedom to spend time on things you care about (new home, new car, fashionable clothes etc)
- Freedom to pursue things you are passionate about without thinking about money.
- Gives you the choice of working from Anywhere in the World. Most passive incomes are created online meaning that you have the freedom to access your business from anywhere in the World
2. Chance to Invest in Yourself.
As an employee, you are investing your time, mind and energy to grow someone else business which could be earning them a passive income.
If by unforeseen circumstances you lost that job, (for example, through redundancy, or long-term sickness) you would end up with almost nothing.
On the other hand, if you are spending time growing your own business, you are investing in yourself and working towards a brighter future
To be honest with you, most people start their own businesses as a side hustle while still in employment.
They spend their time off wisely knowing that if they persevere, they will finally see the rewards for their hard work.
This way, you are able to fund your business. It’s tough but it’s worth it. As long as you do not give up even when you are faced with problems, you will eventually succeed.
“Without hustle, talent will only carry you so far” – Gary Vaynerchuk
If you run your business the Right way, eventually, it could give you a lot more money (uncapped) than your employed job could ever give you
3. Opportunity to Learn Other Skills
As a business owner, you need to keep on learning to bring more value to your business. The more you learn, the better your business grows.
This is no different from an employed job but this time, every skill you learn is going towards the improvement of your business and eventually your life.
4. Less Stress
Earning passive income allows you not to be stressed about money as you are assured that your bills will always get paid as you are not relying on a pay check which can disappear any time.
Having no money worries stops you from thinking of “what if” scenarios which comes to mind; for example
a) What if I lose my job?
b) What if l get a long-term illness?
Just as an example, if you earn your income through sports, you are always thinking of what if I am injured and I can no longer participate in sports.
This is applicable to everybody but if you had a passive income coming in, the worries would be less
5. Opportunity to gain experience in entrepreneurship
As you go through your entrepreneurship journey, you will be faced with obstacles.
As you unblock those obstacles, you become better and better and eventually you become an authority in your field and in time, people start coming to you for advice.
This can lead you to other money making expertise like earning other streams of incomes different from what you originally started; for example, you could start creating downloadable online courses in your niche where people pay before they download
We all would want to earn Passive income But the thing is, the best passive income is the one you earn if your business is internet based.
For you to succeed in any online business, it is advisable for you to learn to how to do it the Right way from the beginning.
Doing it that way means that you cut down on cost and time it would take you if you did it all alone
Luckily enough, l have partnered with accompany that will teach you how to earn a full-time passive income where you can start learning for free (without paying any penny upfront)
You will Learn:
1. How to find a profitable niche
You will learn how to find a profitable niche that will give you the best passive income.
If you already have a niche product, you will be able to find out what you need to do so that it can give you passive income.
If you do not have a Niche, you will be shown thousands of niche products you could choose from.
Most people start their businesses with freedom in mind but when it comes to choosing their business, they choose one which cannot survive in their absence.
Unfortunately, they do not realise they have chosen the wrong business until they have spent a lot of their precious time and hard work.
2. How to build your website
You will learn how to build a website which is both desk – top as well as mobile friendly; and a website which loads quickly.
If your website does not load quickly, your website visitors will abandon it, never to return. We are in a World where people have no patience
3. How to Create Good Content For a Website
Whatever business you choose, there will always be competition. Wealthy Affiliate will teach you how to write content about your products in such a way that you out compete your competitors.
They have all the tools which will make your business to be found easily on the first few pages of Search Engines like Google.
Google is the most visited website for information, so you will learn how to tap onto Google and other search engines in such a way that it benefits you
Wealthy Affiliate has a free starter membership where you get free training which is step by step and you can access it by clicking here.
As a free starter you will learn how to choose your niche product for your business
You will be able to build 2 free websites using 2 free domains. There will be a video walk through on how to do it
Online Entrepreneur Certification (10 lessons)
Bootcamp training (10 lessons)
They also have a premium membership training which will teach you everything you need to run a profitable business regardless of the niche you are in.
These are a few of the things you will have access to (as a Premium member):
1. The complete Step by Step Blueprint to accelerate your success
2. Certification 50 courses
3. Bootcamp 70 Courses
4. Ability to build 50 websites (25 free with 25 free domains pus 25 websites with your own domains)
5. Access to over 3000 website themes
6. 24 hours, 365 days support which also includes live chat
7. Virus and Malware protection
8. SEO training
9. Advance your business skills with expert led Webinars and video tutorials
10. Access over a million free images you can use for your websites
11. Network with over 1.4 million entrepreneurs
12. Mentoring. Having someone to guide you will result to you progressing towards the Right direction much quicker.
Cost for Premium membership
$19 if you upgrade to premium member within 7 days of you joining as a free starter member.
After that it is either $49 monthly or can save a lot by paying 6 monthly at $234 or Yearly at $359 which is less than $1 per day.
You cannot get a similar training which is high class with that amount anywhere else. A training that gives you 24 hour support and all tools and resources you can think of under one roof.
CLICK HERE To get started
Your Breakthroughs, Your Life Fulfilment Awaits You.
You will also learn different and very unique strategies of earning money.
I will give you a few examples which might help you in opening up your mind to other money making opportunities out there.
Ones you become a Weathy Affiliate member, you will learn many other strategies.
Example no. 1
Dealing with Physical Products without actually owning the Products:
You can achieve this by:
–Building a physical product niche site, registering yourself as an amazon Affiliate marketer and then hooking it up with amazon. How to do this is all covered in Wealthy Affiliate Platform.
-Whatever niche interests you, you will always find similar products on Amazon and the good thing is;
You can be an affiliate of as many products as you wish. All what you have to do is write content rich content focused on the products and use the matching Amazon links.
-Ones a customer buys the products, Amazon pays you a commission.
It even gets better; If the customer buys any other product apart from the one which made them land on Amazon’s website, you also get paid a commission for those products.
The other good thing with Amazon is that it will also suggest other products the customer might want.
In this modal of business:
- you do not actually own the products meaning that you have Zero product expenses
- Amazon handles all the customer fulfilment; the payments, the deliveries and any customer related questions
If you want to get more knowledge on how you can promote Amazon products, and how to get started not only on Amazon but also other large retailers, all what you need to do is sign up with Wealthy Affiliate and Start the “Online Entrepreneur Certification”
CLICK HERE to get started
Example no 2.
Dealing with Digital Products
One good feature of promoting digital products is that the commission is higher. This is because:
- The products are not delivered physically. After the customer have paid, all what they need is to download them
- The products do not need any packaging material
Example no 3.
Using your passion or your hobby
Let’s say you have a passion on Photography:
You can Build a website with a library of photos and hook yourself up with photo companies like Shutterstock, iStockPhoto and Etsy OR
you could tailor your photos to a particular audience like cookery bloggers, travel bloggers and other make money online marketers.
Most business owners who have money making website, find it difficult to find good photographs. There are millions of website owners who are always looking for images on their websites. All what you need is a nice camera.
The best thing with photographs is that they never expire. You can sell them again and again.
That said, for you to succeed, you need to know how to run an online business which will teach you how to maximise your earnings
Wealthy Affiliate has an online training which caters for every niche you could think of and in any field. You do not need any experience as everything is taught through actionable steps.
We have a very broad community within Wealthy Affiliate, Examples, teachers of every field, artists, stay at home parents, plumbers, electricians, accountants, lawyers, bloggers, nurses, people in fitness industry, health and wellness,
CLICK HERE to get Started
You will not believe what you have been missing
What Makes Wealthy Affiliate Unique?
a) The Learning is applicable to all the industries and we have all the tools you need (everything is under one roof).
b) Weekly Webinars and Live classes on various topics
c) Learning on how to Leverage affiliate products
d) Learn about Search Engine optimization (SEO); this is the most sought after knowledge by most of the business owners. SEO determines how long term your business will be
e) You also learn social media, Email marketing, YouTube marketing; any topic you want, you will find it
f) Learning A to Z on how to start and run a profitable online business.
Most business owners are online and most people shop online.
Is your business online?
Take control of your life by generating Passive income
CLICK HERE to get started
I am already inside of Wealthy Affiliate waiting to give you my Free one-to-one Support.
You could literally be needing someone to show you just a few tweaks that could Explode your Business.