Comments on: An Intro to Passive Income, Popular Ways of Getting It and the Mindset You Need to Start Creating It

By: Steve-Personal Success Factors

Steve-Personal Success Factors — Tue, 16 Mar 2010 13:48:00 +0000

No matter what the product, I don’t think there is much passive income to be had. It requires ongoing, hard work. However, once the initial hard work is done, provided that there are systems in place to keep the work going, I can see that the income is passive. But it continues to require much oversight: there is no such thing as automatic pilot.

By: Steve-Personal Success Factors

Steve-Personal Success Factors — Tue, 16 Mar 2010 13:46:35 +0000

I’ve been one of those guest bloggers, and I agree: it’s a win-win situation. The successful bloggers who have done this seem to do very well with their blogs. I’ve now got another goal to add to my list for the next year

By: Glen

Glen — Sat, 13 Mar 2010 13:32:13 +0000

One issue with passive income is that we find out about it too late! Our schools teach our children to be employees (which is fine if you’re doing what you love) rather than owners of businesses or income streams. I will be breaking the cycle with my kids.

By: Jr Deputy Accountant

Jr Deputy Accountant — Sun, 07 Mar 2010 19:09:57 +0000

Most bloggers who try to monetize in the “passive” sense don’t do very well and for good reason. If you’re going to expect your readers to put up with ads, you have to make it worth it for them. People seem to think you can come out of nowhere, slap some ads on your blog, not add any value and make tons of money. That’s just not how it works.

Why do bus shelters have ads on them? The bus shelter is doing someone a service – giving them a dry, somewhat comfortable place to wait for the bus – so it’s reasonable that in exchange for that service, the person using the shelter will put up with advertising. It’s the same with a blog – and if you aren’t adding value to your readers’ lives as a blogger, they aren’t going to put up with your ads.

By: Garrett Miller

Garrett Miller — Wed, 03 Mar 2010 10:26:31 +0000

Hey now, don’t leave out us web 2.0 attraction marketers (network marketing + internet marketing, including blogging). We’re doing what we can to change people’s perspectives on our industry… As far as passive income goes, though, GO FOR IT! I’m so glad I figured that out at 19.

Solid post.

Garrett

By: Elucid

Elucid — Mon, 01 Mar 2010 10:58:17 +0000

Dont forget about making money off a website that you have built or will. If a website becomes very popular, it can make a huge sum of money by hosting advertisements.

By: Mac Sage

Mac Sage — Mon, 08 Feb 2010 18:31:22 +0000

While blogging may not be passive, there are many ways to make your blog more passive. One is to develop a group of regular “guest bloggers” who write a piece for the opportunity to get additional exposure.

By: marci

marci — Mon, 25 Jan 2010 16:55:30 +0000

Ditto on the Laddered CD’s with auto rollovers… effortless and continuous, yet something is always close to available for emergencies, if needed. Interest goes into the investment stock pool for auto buys… Not much effort on my part (once it was all set up) and the money keeps on making money for me

By: Bill

Bill — Mon, 25 Jan 2010 05:40:15 +0000

I am a very cautious and lazy investor. I put together a 5 year ladder of FDIC insured CD’s. The passive interest it throws off I use you buy shares of the Vanguard Total World ETF (VT).
CD’s and a total world etf. That’s it.

By: garvin franco

garvin franco — Tue, 19 Jan 2010 23:04:20 +0000

Hi Richard,

I’m interested to learn how one can earn $$ from blogging. I work in the information technology field as an independent consultant and I have this idea that I wanted to try out via implementing my own website, however if blogging is an avenue I can pursue to generate P I, this may be the way to go for me. If you have any websites or info you can share with me, this would be much appreciated.

Regards,
Garvin