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How To Create PASSIVE-INCOME-PRODUCING BLOGS.

How To Create PASSIVE-INCOME-PRODUCING BLOGS.

https://bit.ly/JQ0Wej

What is Passive Income? Passive income is money you earn that doesn't require you to do a lot of "active" work to continue making it. In essence, you can do most of the work upfront and put some additional effort along the way to earn an income.   For example, if you create an online course, you just need to update its content to keep the money flowing. You've probably heard the expression, "make money while you sleep." That's the biggest draw that entices people to earn passive income.  You can create something (a blog, course, ebook, videos, or an online store) that generates money even when you're not working. Or you can make passive income investments (property or stocks) that allow you to earn passively.  Active Income vs. Passive Income – Which Is Best for Me?  In theory, all of your income sources carry similar weight. But when it comes to achieving financial freedom, passive income leaves active income in the dust. You see, active income is the money generated from all those efforts you're currently making. And you need to keep working in order to continue earning an income. If you quit, you don't get paid. Your time literally equals money. And then you have passive income. An income that doesn't require you to work actively. And the money continues to flow in for years and years. If you're looking to design a dream life where you are financially free, it might be better for you to focus on passive income. Just remember, while you might be able to build a passive income stream with a small investment, you're not making any less of a commitment than someone investing their time. Making passive income comparable to income earned from active efforts requires a good amount of work upfront. How Much Passive Income Can I Earn?  You can make as much or as little passive income you want. However, it's not a get-rich-quick scheme. You'll need to put in some hours, effort initially, and capital to create a passive income source.  The good news is that nailing these things early allows you to sit back and enjoy the financial rewards for years to come.  You may invest as little as $100 in the beginning, then reinvest your profits until your passive income grows to a sustainable figure. With a high recurring income, you can make enough money to live off of. 23 Passive Income Ideas 2021 1. Start a Dropshipping Store

What is Passive Income? In the regular 9-5 world, you work an hour and you get paid for an hour. In order to make more money, you have to work more hours. You can't make money while sleeping because you can't perform work functions while sleeping. Passive income lets you work an hour and keep getting paid for it again and again, sometimes for many years to come. You're no longer trading time for money, you're trading skills and knowledge instead. Blogging is an excellent example of this difference. Instead of being paid for each hour you spend writing a blog post, you can set up several distinct types of income streams that will make money for you even when you're away. In this guide, we'll explore many different ways to do that. So, how can you really make passive income from blogging? Below is a list of the best ways to monetize your newsletter. Each technique contains examples from real revenue-generating newsletters. I encourage you to consider multiple monetization strategies with your newsletter. Newsletters vary tremendously in their content, structure, and audience, so there is no one-size-fits-all solution that works best for every newsletter. Let's begin! "Passive income is a stream of income derived from an upfront investment of time or money, which continues to generate long-term cash flow with minimal ongoing effort or further cash infusions." Passive income is income that is not proportional to the time you physically put into acquiring it. Active income (typically one's regular job or additional part-time jobs) is a direct exchange of your time and skills for money. Examples of passive income include royalties earned from stock photography or from a digital course you create. In both cases, the content, whether self-hosted or on a larger website, generally requires little or no maintenance or additional financial investment to maintain the source of income. The intriguing thing about passive income is that it can be generated literally while you are sleeping, freeing up additional time for hobbies or allowing you to increase your earnings by performing some other form of work while still generating previously established streams of passive income. An example of this would be a person working a 9–5 office job where they are paid a fixed salary. This same person also receives regular passive income from an eBook that he wrote on gardening over two years ago. The office job requires direct effort to produce the agreed-upon amount of income. The employee, whether hourly or W2, is trading their time for money. The eBook is different. Regardless of what is going on in the office employee's life, the book is listed for sale in its digital form on Amazon and the author does not have to perform any work (beyond the initial creation of the content) to maintain this stream of income. The employee can literally never check on that book and they will still receive their royalties, every month.

tags: make money online, passive income, passive income ideas

Bibliography

23 Passive Income Ideas to Build Wealth In 2021 | Oberlo. (1970). Retrieved on October 3, 2021, from https://www.oberlo.com/blog/passive-income.

How to Make Passive Income Blogging. (1970). Retrieved on October 3, 2021, from https://bloggingguide.com/how-to-make-passive-income-blogging/.

https://bit.ly/JQ0Wej

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