I got a question from one of my readers:
Can you really create passive income from the internet or is it just a scam to make you buy some e-books or courses?
Well to answer this one was easy, I said “yes you can”. But then In thought about it for a while and decided that it probably is best to have a blog about this topic.
What is passive income?
When you get a income from something you’ve created or worked on but does not work on it any longer, this can be seen as passive income.
I will say the following can be seen as passive income and please feel free to comment and give more examples.
- Royalties
- Rental income
- Interest on savings
- Dividends
- Income on products you’ve created
Well there is probably more but lets focus on these and see how we can use this for a income strem on the internet.
Royalties:
When a song writer put his song on the market and it get used by other singers or radio stations, he/she gets a income from that song.
When a writer finished a book and get published, they get income from the book
When you’ve patented a certain thing, you get royalties from that product when it get used or build by others
I think you get the drift
Rental Income:
If you get more income than your expenses on a property, you have passive income
Interest on Savings:
The income after tax is passive income
Dividends:
Any dividends that get paid from stocks or bonds, can be seen as passive income.
Income on products you’ve created:
If you create a e-book, MP3, video and it can generate income for you or a affiliate, it can be seen as passive income after your initial cost is deducted.
Well I think with above examples you will see that it is possible to create passive income, but will it sell on the internet. that might be the relevant question.
Before you create a product to be sold on the internet, it will be wise to do some market research and see if there is similar products. The easiest way will probably be to go to clickbank and have a look at their marketplace. Are there any similar products and how can you make yours better? Buy some of those products and see why it sells. Can you give a better product and create a stir in the market? If so, create your product, do a JV or even give your product to some marketers on a share income base. This way you can spread your product faster and get a nice solid passive income.
Well that’s it on passive income, I will touch it again in other posts
Till next time, stay well
Tags: income from internet products, interest from savings, internet passive income, passive income, rental income, royalties
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