Passive Income is Active First

“Passive income is active income in the beginning; you need to put in some work first before you reap the benefits of making money while you sleep.”

People get too excited about passive income as if it will happen immediately. Passive income is an effect, an outcome of something that was created and established in the past.

I have discussed some of the things in the previous chapters that are passive income generators.

Real Estate
Individual REITs or REIT funds are a way to earn passive income since REITs are required to distribute at least 90 percent of taxable income annually and cannot retain earnings.

Earning rental income is another way through a rental (individual/complex-type) property and also through condotels.

This is also a way to earn passive income since you are simply providing capital and then collect returns whether it is for Crowd Lending (Peer-to-peer), Crowd Farming and the like engagements.

Crowd-property investing is another example too.

Index funds and/or any single stock investment grows passively as well. Now, if you are quite capable in determining which individual stocks provide consistent dividends, then you can select those stocks specifically to get recurring dividends quarterly or annually.

Selling other-people’s products/services
Affiliate marketing is likely one of the most powerful ways that you can produce multiple passive income streams. However, this isn't easy by any measure. To succeed at affiliate marketing, you need a large following of users. But it takes time to learn the ropes as an internet marketer.

When starting an income stream, establish and stabilize one first before moving on to the next thing.

As a creator of blogs and videos in YouTube, it is possible to make money off of it but mostly in the future. I am mostly invested in index funds. Though I have also tried affiliate marketing but it doesn’t suit my personality. However, I’m personally mostly excited about the different ways of Crowd Funding!

Content Creation
Another way is through content creation on the internet (Audio, Video, Text, ...etc..). If you like photography, you can sell your photos directly or through stock-photo sites. The same is true for videos, there’s a market out there looking for specific clips (drone shots, b-rolls and the like).

Creating a blog, podcast or vlog can also give you the opportunity to make passive income provided you have built your personal brand with a large enough following. This can be through Google’s Adsense network, and also through Patreon.

You can also create ebooks or online training courses (direct or through e-learning sites) as well.

“The single most important and potent way to expand your income is to devise a way to consistently add real value to people’s lives, and you will prosper.” – Anthony Robbins

A personal brand is one way to utilize and leverage attention. If you bring a lot of value (solve a problem, tips on improving their quality of life..etc.) to those that follow you, you can even sustain that attention.

Celebrities and the humongous cash they get for 30 second commercials, magazine spreads, photoshoots and wearing brands are because they’re a brand themselves.

With the internet and social media, you can literally become a celebrity yourself and if you amass enough or a lot of following, you may even earn like one. Wrap your head around this, influencers are getting paid like celebrities. They get endorsements, and paid shout-outs, just like the big celebrities do.

Personal branding gives you an edge, period.

Passive Income is Active First Passive Income is Active First Reviewed by Vernon Joseph Go on Sunday, April 29, 2018 Rating: 5

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