Of the many ways to generate income online, passive income is one of the best of those ways. Growing a passive income takes finesse, skill, and brains. If your target market gets a whiff of insincerity, your gameplan is in the toilet. Do you want to generate passive income or more toilet paper for your bathroom? One of these methods will give you the lifestyle that you are looking for, and the other will only clean your ass. Do you want to be known as a winner, or a loser in the world we live in today?
As you do need to sleep, you're cautioned to not go at it so hard that you get frazzled and burnt out on whatever business plan you wish to put into action; And this is contrary to all the snake-oil hustler propaganda, and once you have a flagship product, then there will be no time for sitting around patting yourself on the back as you've just arrived at the bottom of the summit you need to climb. There IS NO 100% passive income as you need to supply enough effort for it to keep rolling along. And the bulk of that effort involves building your products' friend and fanbase. A business that produces low-quality products will not last long, not in this day and age.
You're advised to not try and play jack-of-all-niches. Pick 3-to-5 niches where you know enough about them and can comfortably spout off about them constantly. Your inspiration and solutions will be directly proportional to your reward from that niche market. Don't make the mistake of jumping on the latest "on-fire" quick rich scheme as you'll need to sustain your penetration into that niche market for months and years to come. If you can solve problems, then you will be way ahead of the market.
Your best bet is to establish yourself on a foundation that will grow with you as you get deeper into those chosen niche markets. If you are an excellent coder, then, sites such as Sourceforge and Github are repositories of some pretty amazing amateur coding that begs to be discovered. What can you provide that others will want?
Once you have decided on that winning niche, then you are going to have to offer loads of value to your audience, these days, people do not like to be sold to, and are very skeptical, so never try to out-think your audience, and never try to give them a sale pitch, however, if you can solve their needs and wants, then you may have a chance.
Once your business starts gaining ground, then do not forget those that helped you along the way, if some blog gave you a mention, then make sure they get some credit by returning the favor, personally, I would rather have a business that earns $1000/mo compared to a greedy billion dollar company such as Amazon. I would like to be able to sleep at night knowing that I helped those that help me in gaining success, rather than leeching from my affiliates by giving them super low commissions.
As you do need to sleep, you're cautioned to not go at it so hard that you get frazzled and burnt out on whatever business plan you wish to put into action; And this is contrary to all the snake-oil hustler propaganda, and once you have a flagship product, then there will be no time for sitting around patting yourself on the back as you've just arrived at the bottom of the summit you need to climb. There IS NO 100% passive income as you need to supply enough effort for it to keep rolling along. And the bulk of that effort involves building your products' friend and fanbase. A business that produces low-quality products will not last long, not in this day and age.
You're advised to not try and play jack-of-all-niches. Pick 3-to-5 niches where you know enough about them and can comfortably spout off about them constantly. Your inspiration and solutions will be directly proportional to your reward from that niche market. Don't make the mistake of jumping on the latest "on-fire" quick rich scheme as you'll need to sustain your penetration into that niche market for months and years to come. If you can solve problems, then you will be way ahead of the market.
Your best bet is to establish yourself on a foundation that will grow with you as you get deeper into those chosen niche markets. If you are an excellent coder, then, sites such as Sourceforge and Github are repositories of some pretty amazing amateur coding that begs to be discovered. What can you provide that others will want?
Once you have decided on that winning niche, then you are going to have to offer loads of value to your audience, these days, people do not like to be sold to, and are very skeptical, so never try to out-think your audience, and never try to give them a sale pitch, however, if you can solve their needs and wants, then you may have a chance.
Once your business starts gaining ground, then do not forget those that helped you along the way, if some blog gave you a mention, then make sure they get some credit by returning the favor, personally, I would rather have a business that earns $1000/mo compared to a greedy billion dollar company such as Amazon. I would like to be able to sleep at night knowing that I helped those that help me in gaining success, rather than leeching from my affiliates by giving them super low commissions.
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