Is a passive income for free?
Many people dream of passive income. But what is a passive income? And how do you get a passive income? And a passive income for free?
These are questions that many people today do not know the answer, so this question is dealt with in this article.
What is passive income?
A passive income is actually nothing less than an income where you almost don't have to work for. This may sound a little unclear but through an example it might be. In the example I use a website that runs on Google ads, also called Adsense, further we use a site owner, called the entrepreneur.
The entrepreneur buys a domain and put a website up. First he installs a theme via WordPress, and then the entrepreneur types content on it (blog articles, reviews, other content), so the site can get a good position in Google. The entrepreneur sees more and more visitors to his site. This he sees through the use of Google Analytics. Now he puts Adsense ads on it. The entrepreneur sees that he gets income from his site and decides to make more pages with information, so the site can be indexed in Google. On those pages he puts ads.
Eventually the entrepreneur thinks, to his idea, he has enough pages and a good income from his site, so the entrepreneur decides that it is good like this. The site runs good and generates a monthly revenue from advertising, while the entrepreneur don't have to do nothing anymore. This is an example of passive income.
How to get a passive income?
A passive income you can get by investing once in a successful project. Examples include: Adsense websites, websites that run on affiliate marketing, online stores, etc. Of course it is also possible to shop without a website or get a passive income such as writing and publishing physical books. I believe that the online way is the best way.
Is a passive income for free?
This is a question that can be viewed in two ways. I will answer both ways.
1e : Passive income is free because you have to do nothing and still receive money. After several months, you earn money for something you've done a few months ago. Now you invest no time and the money you get is free.
2e : Passive income is not free. Before you started to earn money with your project, you had to invest a lot of time. Time is money, so you had to invest time and money. This passive income not free, because you've spent money on your passive income.
Whether passive income is free, is up to you. We have it from two different angles. Personally, I find that passive income over time is free, but certainly not at the beginning.
Performed in the beginning you work to build a passive income and eventually reap the fruits of it.
Is training necessary?
Of course training is essential!
It will cost money to have a good training. but it will pay of eventually.
And you have to admit it. The training here at WA is so great....
I can't find any training elsewhere that is the same way as here. You can follow training offline, but it will cost you a whole lot more!
Here at Wealthy Affiliate you have the experience of a whole bunch of people who are heading at the same direction. So Learn, learn and learn even more and PAY IT FORWARD!!
Good luck to all of you!
Recent Comments
3
Great article, This is what we all want! Wish you the best of luck with it :) Greetings Kevin
Nice job. Good luck to you on your site.