Internet Business Blog

Wednesday, January 20, 2010

Is it Possible to Generate Passive Income?

One of the things that many people are seeking online is a passive income. The question is is it really possible to generate income streams that are truly passive? If so, how do you go about doing this?

I've been working from home online full time now for nearly 3 whole years. My income is not fully passive, so I do have to actually put in a few hours every day in order to maintain my income.

However
, I do have a number of income streams that are truly passive. If I were to go on vacation now for a year, I could still generate a decent portion of my income, without touching my computer.

So, how do you generate passive income?

The first thing you must have if you want to generate income automatically is your own website. Unfortunately it's not just a case of setting up a website and waiting for the money to pour out like a cash machine :-)

Once your website is up and running you need to monetize it with income streams e.g. Affiliate Products (preferably ones that offer at least 50% commission and a residual income) or Google Adsense or Business Opportunities. To improve conversions further you should also set up an autoresponders series and try to capture the email address of your visitors.

Once you have tested your website to ensure that it is profitable you need to be prepared to spend a lot of time over the following months building up traffic to your website. The best way to do this is by optimizing the pages on your site for popular keyword phrases and getting your site ranked in the search engines.

After time, you will find that the traffic is coming steadily to your website and you are generating passive income. Unfortunately the word "passive" for many people is confusing as it indicates that little or no work is required. To generate passive income on the internet you must put in the work initially and be prepared to work at it for many months before you can reap the rewards.

Visit my legitimate business opportunities page to see some of the methods I use to generate passive income from my website.

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1 Comments:

At 10:52 PM , Blogger site-o-rific said...

I do have to answer emails every day, but that is pretty much it on 2 of my online businesses. I have 2 others that are a lot of work right now. It takes a lot of work to get to the passive part! I have been at it for 5 years, but I enjoy it.

Maybe we could cross promote? Check out the Suze & Ev Method, that one would fit your website nicely!

 

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