Build Passive Income with a
Yesterday we talked about passive and predictable income and I asked you to make a list of the things you want from your own passive income stream …
Before making the leap from full-time job to full-time freelancer, my main concern was setting up a source of steady, predictable income separate from clients.
I wanted some sort of safety net in case a client went away and I hadn’t landed a new one yet.
That’s when I discovered passive income — income that comes in whether you’re working or not — and quickly decided I wanted a slice of that pie.
One example is a website where you sell products — either your own or someone else’s. Your customers can buy whether you’re at the computer or the beach … or even while you’re sleeping.
My first step in creating passive income was getting the proper training. I decided on Nick Usborne’s How to Write Your Own Money-Making Websites because I could use my writing skills and it didn’t require any experience in business or Internet marketing.
Both my husband and I quickly went through the program and decided to each make a Money-Making Website. You can see the detailed process of one of the sites here. Basically, we used a website building service to make setting up the sites a breeze. Then we wrote articles and blog posts and started sharing our sites through social media.
Now we enjoy several thousand dollars every single month — even when we’re not actively working. The other night, we went out on the town and made over $200 by the time we returned home!
A Money-Making Website is an ideal passive income stream because it:
Fits in nearly any schedule — If you only have a few hours to work each week, a Money-Making Website may be perfect for you.
Plus, you’re doubling your efforts because your Money-Making Website gives you writing experience and a portfolio to show potential clients.
Provides passive, repeating income — A Money-Making Website has been referred to as a “personal pension plan.” And, that’s what our sites have become to us.
We know we have money coming in every month. While it took upfront work, the payoff has been well worth it.
Is easy to maintain — Once your money-making site is up and running, maintenance will take just a few hours a week.
And it’s fun — Creating your own Money-Making Website is also a fun experience. Ideally, you’ll choose a site subject based on something you enjoy. Mine is earrings, my husband’s is survival preparedness. But, pretty much any subject can work from car restoration to tourist destinations.
Money-Making Websites are a great way to live the writer’s life. With today’s technology, you can maintain and work on your site from anywhere in the world — as long as you have an Internet connection.
And once you have a site that pulls a profit, you can enjoy even more of the writer’s life. I personally take weeks off of work — only checking in occasionally. And the best part is while I’m vacationing … I know my bank account is growing.
Today’s action step is to start thinking about your passive income topic or niche. I recommend reading this article first. Then start brainstorming niches that combine one of your interests in life with a profitable market.
If you already have a Money-Making Website, I’d love to hear from you. Please go here to share your site in the comments.
Tomorrow we’ll talk about building a steady income stream by telling stories. See you then!
How to Write Your Own Money Making Websites
Learn how to write an information website in your spare time and earn $1000, $3000, even $5000 a month in passive income. Learn More »