What is Passive Income and Why Do You Want it?
The dream of everyone who enters the make money online niche is to generate passive income. I’m going to show you how you can do this starting now and moving into 2019.
According to Wikipedia Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.
You want Passive income as you want to do the work once, and then let it work for you. The internet provides us with an opportunity for generating passive income that never existed before and you can generate passive income too.
Active and Passive Income
I want to be honest with you, when we talk about passive income, it must be active at some point. What do I mean? In order for passive income to work, it requires work, it needs to be active before it becomes passive. Now I’ve actually learned this the hard way. If you think you can make passive income without putting in the work, you are wrong. Whoever teaches you that is lying, don’t listen to them.
Passive income exists, but in order for it to become passive you need to put in some work, you will need to write the blog post, make a video, get your message out there. You need to do something whether that be investing your time to generate the passive income or you may have to actively invest your own money that’s how it works. If it was as easy as generating passive income by doing nothing everyone in the world would be doing it. You and I both know that is not the case.
Passive income is sexy, that’s why so many people talk about it because you literally work one time, remember you’re active, you put in the work or you invest and then you can make money. I’m going to share with you how you can get started in the idea of truly passive income there are so many different ways by leveraging affiliate marketing, leveraging your own courses, your own blogs and selling maybe even on Shopify
There’s a lot of different ways that you can generate passive income. I want to give you an overview of the grand scheme of things of how you can get wealthy with a long-term business to generate yourself a passive income.
What To Do
The first thing that you have to do is you need to pick a niche, everything we do is going to be based on this niche.
The second thing we’re going to do is we’re going to build an audience. Build an audience inside of this specific niche. How do you build an audience? If you have no experience, if you don’t consider yourself an expert and if you if you’re just starting from Ground Zero, you need to make a mindset change. That is you need to understand that you do not need to be an expert in order to build an audience to grow an income and to make passive income.
I’ll say that again because that’s a huge lie that so many people tell you, you don’t have to be an expert, you simply have to do this one thing ready? Create value. Create valuable content that is it, that is how you build an audience.
I know what a lot of people are thinking well I’m starting at Ground Zero what value can I share to the world? This is the hack that I used and that you can use right now to grow an audience to make passive income and grow the business of your dreams. You can do it.
When people say things like “I have nothing to offer I’m just I’m just starting out” or “I can’t do that I don’t know what to say” they are sabotaging their success. You need to believe in yourself. If you don’t believe that you can do it, or you don’t have value to give then quit then don’t do this don’t be an entrepreneur. But wait! You have to understand you got to make that mind shift. Once you start believing in yourself amazing things begin to happen. It’s very very powerful.
If you’re just starting all you have to do is to learn something on YouTube, go read some blog post, go online and figure out some information inside of your niche, remember this is all based off your niche, go learn something, go do that thing and then turn around and start teaching it. That’s it. People have built multiple six-figure businesses based on what I’m sharing with you right now.
How does this become passive income? How can you automate this process so that way while you’re sleeping, while you’re on holiday with your family with your friends the money just keeps pouring in? How do you do it? I’m going to share that with you now.
There are several ways that you can create content two of the ways I like most are 1. create a blog and 2. create a YouTube channel. Remember, we’re talking about passive income, that’s what this entire business is about it’s creating passive income not active, but you have to be active in order to get to passive so let’s let’s focus in on this part.
Why a blog and YouTube? Both of these platforms have to do with search. What do I mean by search? I mean that people are actively going to YouTube and they’re going to Google because they want to learn about something. When someone goes to a search engine such as YouTube or Google to search for something this is the most powerful type of traffic because these people are looking for answers. When they land on your content, they get the answer that they are looking for. You, in turn, have something to offer them at a cost. Your conversions, the chances of you making sales on search traffic are much greater and will cost you a lot less money because this is free. It’s free to start a YouTube channel, it’s free to start a blog, but I don’t recommend doing that, I recommend doing a WordPress blog.
The psychology is that you will build a business around this. What happens is when people start to continually find your content, they start to trust you. Assuming of course that you are providing value. I’m not saying this is easy. I started like everyone else. You have to start with barely any results and you just have to have the vision and understand that if you don’t stop you will get better and you will start making more money.
What happens is when you start putting in that work, you do a blog post and another blog post. YouTube video, another video, and another video and nothing in return for it. Then you do it again nothing in return for it do it again nothing in return for it. Do it again you get a return you made a sale! Hey, look at that?! You start generating leads for your business. Then it gets to the point where we’re talking about passive income. You now make a sale you don’t make a video you still make a sale and so that’s what happens when you build a business around search traffic. This is the most powerful way of becoming rich with passive income.
What about social media and Facebook marketing. Well, this is active. You need to be involved and hustling on Facebook and other social media platforms. You need to be talking to people in the groups.
Alternatively, you can pay for advertising. The big money is made by doing retargeting ads. When you retarget an audience who already knows you, your conversions go up. So many people lose money with Facebook Ads because they are advertising to people who don’t know them and don’t trust them. Cold traffic.
To make a passive income you need to build an audience. An audience who know you, like you and trust you. You continually provide them with valuable information and then you sell to them that is what the gurus are doing right now.
What I love about this strategy that I’m sharing with you right now is that anybody can do it. Do you know how to go to your computer and go to Google and search for something inside of your niche that you want to grow a business in? The answer is yes you do know how to do that. Do you know how to take notes? Yes, you do, you go find the information, you learn it, take notes put them in your own words then turn right around and teach it. You will build an audience.
But, you probably will say, why will they listen to me? The information already exists out on the Internet. That’s just human nature some people will like you, they’ll connect with you more than someone else.
If you want to be successful in your business, in your niche, you need to put yourself out there. You need to inject yourself into the marketplace.
You build an audience, you build an email list and a YouTube Subscriber list. It costs you nothing to write a blog post it costs you nothing to create a YouTube video. It will cost you to grow an email list. But once you have your audience, you’re gonna run retargeting ads to your own audience.
This audience already knows you, so now you don’t have to go and run the ads to warm them up. When you build an audience hustling and creating content you no longer have run ads to a cold audience. You already built an audience so you run them to your own audience. You have an offer and you make money and that’s it.
You can now put this on autopilot because all you have to know is how much you are spending. What’s my spend on ads and then how much am I profiting? As long as what you’re earning is higher than your spending you’re in profit. You are making money and you can just let that ad run until it runs out and you’re making money.
You can do this by yourself or you can get help with all these steps. Learn how to earn from 8 passive income streams. Learn how to set up your blog correctly and how to set up your YouTube channel. It’s free to join. Click here now and I’ll see you on the other side.