Quote:
Originally Posted by TheIronStar  Well this is sort of where I got confused. How do you mean create something once? Music, blog posts, etc. are certainly not one-shot deals! (Of course, no business in the world is.) I'm not sure I understand what you mean by create and recreate, and selling it over and over. |
Let me just respond to the part addressed to me.
I'm a programmer/web developer. I used to sell my services to other companies. I go there, create a piece of software for them, and they pay me for it once. I work 8 hours and get paid for those 8 hours.
This is what Steve calls exchanging time for money.
Now I can also make a program once, and sell it on my website. I do the same amount of work, but I make it so that more people can use it than just one company. I can sell this product over and over again.
For example: Steve creates (very good) blog posts once and earns a living using ads (such as adsense) and affiliate marketing (such as the photoreading deals). Because he creates so much value he can extract much value.
Like I said, it's almost never truly passive. In Steve's case, he has to keep visitors coming back to his site. He has to keep posting else the visitor level might drop: people will not come back because they know they will not find anything new, other websites will stop linking because of the same reason, etc.
I just created a little bit of value (also by affiliates and adsense on the site in my sig), and thus making just a little bit of money. But don't let this discourage you: this is more passive than working for a boss. On the internet you'll be leveraging value/technology instead of time.