09-16-2018, 07:40 AM #1
Does Passive Income Really Exist??
The term passive income was completely foreign to me not a long time ago..
When I first heard about it on YouTube, it brought so many aha moments to me ...
I was hooked
So I decided I wanted to dig deeper and find out more about it
What I found surprised me
I was already doing that .. even though I had never even realized it was called passive income!!!!
I might get into how I was earning passive income online some other time
But what I'm more interested in is to know is what members' views on it are
Many well-respected gurus say that it's a complete yth ...
Is it really a myth?
What do you think?
09-16-2018, 02:17 PM #2
Yeah, you can earn for sure. Just you you need to follow the correct ways.SEO Motionz Forum - A Digital Marketing Forum
Forum Management & Promotion, SEO Tips, Money Making tips etc.
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09-16-2018, 09:31 PM #3
The term passive income has been distorted, manipulated, stretched etc.... To the point it does not have a dictionary meaning anymore. It can mean anything from a savings account that grows interest to a totally distorted view of working 80 hours a week on the computer to make $2.50 a month.
Watch the boards. Many people consider passive income = affiliate marketing. Of course, that meaning makes no sense at all. Other may say passive income is when you work 80 hours a week for 6 months and then quit working and sales continue coming in for a few months after you quit working.
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09-17-2018, 05:49 AM #4
I see what you mean. It's exactly this the reason why I suggested to discuss this topic. Do you guys think we can ever agree on what passive income really is? I mean let's be honest for a second here, there's no way you expect making money without spending time/money period!
However, you can spend a little time and/or then get recurring income for years using affiliate marketing in which case it's arguably passive income. You could also put up a course on places like udemy and the like and the platform will sell it for you because they share the profits. You do the work once and profits will continue to come in for months and years to come...
You could as well hire someone to SEO your blog for you so it will continue to bring you money and the costs of SEO will be covered from the profits you make
There are so many avenues in which you can earn passive income online. But like I said, you must put in the work initially and if you know what you're doing, you should be able to earn decent income passively. However scaling it would require putting in more work and more money unless you can automate the entire process or hire a team, in which case it's called leverage income not passive, because you either don't trust the systems to work flawlessly and you'll continue to tweak and update or you will have to manage the teams...
That's just my two cents
09-17-2018, 07:58 AM #5
I think it isn't a myth. It's real and that is your salary for your time you spent.
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09-17-2018, 09:06 AM #6
I would be careful using the term "Salary" because it always implies earning money for time spent doing some work on a 1-1 basis, which is what an employee is. Being an employee is the exact opposite of earning passive income. To me, passive income is where you do the work once, and it keeps earning you residual income over and over. Perhaps an offline example on this is when a sales person closes a deal where the client has to pay recurring payments, he/she only has to close the deal once but they will continue to earn commissions for months and possibly years.
09-18-2018, 06:49 PM #7
Passive income in terms of a buisness in my understanding is cash income on a regular basis which requires minimal work to maintain. E-Books are a good example or a selling an online course.
There’s ways and means to do it but in most cases, it takes a lot of hard work to get it to that stage. So it can become passive.
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09-25-2018, 03:36 PM #8
09-25-2018, 04:02 PM #9
I guess there's no easy way to answer this. Do your due diligence of research, then test
10-02-2018, 07:16 PM #10
10-13-2018, 05:57 PM #11
Off course that exists, but you need to work hard to get it. I am looking for referrals for one page, I am going that last two years, it is hard work (I am doing it every day) but now I have referrals from all over the world, and I am earning money every month when they are active
It isn't PTC page it is serious business and serious money.
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