What is Passive Income?

 

Are you looking for a new way to make income?

Maybe you are tired of your job and want to replace it, or perhaps you are looking to make extra income.

Whether or not you have heard of passive income, you have come to the right place to get started and learn more about it.

Welcome to Passive Income Newbie

Here, you will learn more about how you can be successful at making money online.

This is the perfect place for beginners, and while there is a lot to learn, no one said you have to do it all in one day.

Whether you are thinking about blogging, affiliate marketing or writing an eBook, here is what you need to know about passive income.

What is Passive Income?

Passive income is the ability to make money online without having to worry about spending too much time and effort into your work.

This means that you can make money while sitting back and relaxing.

No, wait!

Making money online is not as easy as it sounds, especially when you first get started. It requires a lot of time and energy up front, but eventually, you may be able to set it on autopilot and only work for a few hours per week.

Many people have jobs that are active, meaning they only get paid for the hours they put in. Passive income doesn’t require you to trade your time for money.

You Can Work For YOU

Bosses usually have an impact on whether or not someone feels good about what they are doing at their job day after day.

With earning passive income, you don’t have to worry about working for anyone but yourself.

Many people find this to be the best part about earning money online. You don’t have to answer to anyone nor will you have anyone hanging over your shoulder counting the minutes you were on lunch break.

Work When You Want

There is no set schedule for earning passive income. In fact, you can be earning money while you sleep (once you get going).

If you have children that you would like to be more a part of their lives or be able to care for them when they are sick, you will be able to do this! You can make your own schedule and take vacations when you want.

You can even travel and work from anywhere in the world. Of course, it is always nice to separate work from vacation, but if you must, you can write blog posts from the beach.

Enjoy Your Work

If you have ever had a job that you show up to strictly for the paycheck, then you know what it is like to not enjoy what you do.

When picking your own passive income direction, you can start to enjoy what you are doing every day. You will most likely learn a lot about yourself and your new job.

Not only can you do something you love, but you can also live anywhere while you do it! It will make life much more positive.

Set Your Own Goals and Priorities

Often times when we work at a desk job or for any company, we are told what to do and why to do it.

Our work is driven by company goals, which often don’t align with our own life’s goals. Essentially, we are working to make someone else happy or make someone else money.

Earning money online means we can set our own goals and make certain parts of our job a priority.

Examples of How You Can Make Passive Income

There are many different ways you can make money online. Here is a little definition of each kind. Finding your niche is important to being successful:

Blogging – Blogging is writing about a topic or niche online that you are knowledgeable about. This is in a way an online journal that is updated on a regular basis.

Affiliate marketing – By advertising other people’s products, you can make money online. This can include pay-per-click marketing campaigns, promoting products through a blog or website, or recommending a product through user reviews.

Selling products – This is done through Amazon FBA or drop-shipping, which involves getting the product from a third-party and shipping to customers interested in the product.

Creating an online course – If you are an expert on a topic and enjoy teaching people, you can make money by creating an online course that people are interested in and will pay for.

Writing a Kindle eBook – If you have a great idea that you want to share with the world, you can write about it and publish your own eBook on Kindle!

How Do I Get Started?

Now that you have started learning about passive income, you need to know what it takes.

First, you have to pick what you would like to do while earning money online. Finding something you are strong and capable of doing will ensure you are successful.

Once you know what you would like to do, you’ll need to set some goals, both long-term and short-term that will drive your inspiration.

Planning out how you will accomplish those goals is also a must. It is always important to have a plan A and plan B, just in case something doesn’t go the way you want it to.

Learn as much about what you are going to do as you can, and it won’t hurt to find a mentor to learn from.

Having a support system who understands what you are going through will certainly help you be more successful.

The Takeaway

Earning passive income may not be for everyone, but it certainly never hurts to try something new. You never know how good you are at something until you give it a go.

The most important thing to take away is that you will still need to work hard, especially at first.

The great news is that there are so many ways you can passively earn income online. You have already taken the first steps to get started.