Passive Income Category Archive

Why Ebooks Are Such a Golden Opportunity

Monday, June 25th, 2012

Recent data from 1189 publishers shows that ebook sales have overtaken hardcover book sales and will overtake paperback books soon. In comparing the same sales period for 2011 vs. 2012, hardcover sales increased by 2.7% while ebook sales increased by 28.1%. It’s difficult for the supply of quality ebook offerings to keep up with this […]

Donations

Friday, June 22nd, 2012

One of the simplest ways to start earning passive income right away is to request donations. Just invite people to give you money. The Kindness of Strangers In rare situations donations can really take off. Consider the recent case of Karen Klein, the New York bus monitor who was filmed being bullied by students on […]

Fame

Thursday, June 21st, 2012

Fame is attention. With enough attention you can generate passive income. Monetizing Fame Monetizing fame is actually pretty easy. Consider the Oprah effect. When Oprah recommends a book, it sells like crazy. If she wanted to, she could leverage her fame to promote products, businesses, and more in exchange for a cut of the sales. […]

Generating Ideas

Friday, June 15th, 2012

As we go through this passive income series, you may start getting ideas for how you can create new streams of passive income. How do you know which ideas are worth pursuing? Keep It Simple It’s easy to bite off more than you can chew with your first passive income idea. If you already have […]

Virtual Real Estate

Wednesday, June 13th, 2012

In addition to earning passive income from physical real estate, you can also generate income from virtual real estate. Virtual real estate is online property, including domain names, websites, and online services. A virtual pub in an online game world is an example of virtual real estate. If you’ve ever registered a domain name or […]

Passive Income From Real Estate

Tuesday, June 12th, 2012

Real estate investing is one of the most common ways that people become wealthy. You can buy real estate such as houses, apartment buildings, office space, retail space, etc. and rent it out. You can also make money from the appreciation, assuming that real estate prices rise while you own the property. When renting a […]

Passive Value

Saturday, June 9th, 2012

I wanted to share this photo I took because it depicts a nice example of providing passive value. Coming up with the idea and adding this wall art required a one-time investment of time and energy. But once it’s shared, it can continue to provide value in the form of laughter and amusing conversations for […]

Are You Still Broadcasting Doubt?

Friday, June 8th, 2012

As you read through this passive income series, suppose you start seriously thinking about creating your own passive income streams. You talk about some ideas with your friends and family, and you get a negative reaction. Perhaps they suggest that passive income is beyond your reach and that you should just settle for a job like […]

Passive Income is Not an Escape

Tuesday, June 5th, 2012

If your motivation for passive income is escape, you’ll most likely fail. Passive income is fuel to expand what you’re already doing. Trying to add fuel to what you don’t want is a recipe for self-sabotage. You will give up before you get very far. Trying to build passive income streams on top of a […]

Self-Discipline and Social Pressure

Sunday, June 3rd, 2012

A big part of self-discipline comes from social pressure. This is how people in the military can become very disciplined, particularly in special forces. They don’t want to hold their team back, so they have to do their best. Loyalty to their teammates holds them to a higher standard. Loyalty to their country or to […]