Saturday, July 14, 2007

Passive Income

As a Young Entrepreneur what I am striving to create are multiple income streams. More specifically, passive and semi-passive income streams. Making money passively doesn't mean you have worked any less hard to earn it, building a system to create this cash flow without your constant attention. An example, your income from that 130 unit rental property you have purchased which is being professionally managed or outsourced to property management. That is passive income! That is the entrepreneur's golden egg!

One of the fastest ways I've found to create passive income is to create a blog. So far, I have dedicated very few hours to my blog and therefore i don't believe i have reached my earning potential. I have decided to spend at least 10 hours a week writing and optimizing this blog, and for two really good reasons. 1) People are reading! even without a domain name or being listed on any search engines. And therefore i plan 2) make money! in the little time that i have been actively writing on this blog i have seen the AdSense account grow. Its really amazing how quickly the clicks ad up! So, why not create content and build an audience that shows interest in the same subject as you? And at the same time, build a passive income stream (sooner than you think)

i could suggest many ways to attract visitors to your blog, and earn revenue, instead i will suggest you visit http://www.problogger.net/ . this guy is great, hes a full time blogger with many tips for those aspiring bloggers. With a little time, planning and effort you can create a winning blog where you will not only see your readership grow, but also your revenue!

No comments: