Online, passive income - where does a newbie start?

Your goal does not seem too unrealistic, but you will have to work hard to achieve it I'm sure. One obvious thing you could do is build an online business where you sell a product or offer a service. If there's anything you're passionate about or if you have any certain skills that might be a good place to start. Just think of a good idea and either create a website yourself (Wordpress or Magneto might help) or pay someone to make one if you think it's worth it. Then it's all advertising from there (the hard part).

Just a question. Why couldn't you continue to work your job for a few months or so more while you built your future online business? I understand you have money to last you for a while but still.

There are many different areas to "learn the ropes" in. I'd start out by researching and seeing the various business models that would help you reach your goal.

In your OP you talk about starting a membership site, so I would look into that. Additionally you can check out other models such as:

Niche Site Building
Email Marketing and List Building
YouTube Affiliate Marketing
Kindle Publishing
Product Creation and Promotion (Software, Ebook, Training Courses, Etc)
Blogging

and many more. Lots of internet marketers use one or all of those methods in their businesses. While I don't know of any specific resources that teach the majority of those models, you can learn about niche site building by visiting Thriftypreneur | Webpreneuring on a Budget!

Good luck, hope you reach your goal.

I don't really understand, what is passive income, sounds as though I have to do nothing at all, I want to apply also. I wish I made passive income, but mine is very much active income online, I have found out the hard way if I'm away for any length of time my income will drop in a few weeks.

If i had it to do over again i would learn copywriting the rest will take care of itself.

Okay I will tell you this, I have had some products that i created and I put them up and earned very good money without doing nothing.

After I put them up that is, after I managed three programmers all the writers and I paid a support to outsource it. Then I made a little profit and guess what because I treated it as passive it was, after a while,

The income just past me by lol.

Im not trying to be snide or anything just that people want that push button money machine and that four hour work week. They want to drink those funny drinks at the beach with the little umbrellas. They can but I bet they have there laptops in there lap posting on warriors or jvnotify or in a webinar or talking to a programmer why the software doesn't work like promised.

Online marketers face the same challenges as every day people, we have bosses (our customers) we have problems that we have to solve and we have sleep less nights sometimes.

The benefit of working online is because you can do it on the beach or the bedroom but you have to work to make the money and the harder you work the better you do.

For me its a challenge, can I get 1000 emails from this product, why isn't my sig working I need to change it so I can get four signups a day instead of two. See we work just as hard if not harder because we strive to better each day.

You forgot to mention what your budget is. If you've got 10k to invest it's a little different than if you've got 1k and lots of time.

Your goal is doable, but only if you get on a quick action plan from the beginning and follow through. No ebook or report out there will do any of the work for you, and just like HustlinSmoke has mentioned a few times.. it does take work.

The smarter you work in the beginning, the easier you can work in the end.

By appreciating that there's almost no such thing as truly "passive" income available (unless you mean something very different by that from others here).

Are you sure that was wise, Captain?

Well, that's possible. A small proportion of people trying it do manage that.

It depends on what kind of business you want to start. If you don't yet know what the possibilities are, from which to choose, I'd use up about a week doing nothing apart from reading the threads listed on the first page or two of every section of this forum (without ever buying anything!), just to get the flavor.

All the areas covered by the forum headings in the Warrior Forum.

No, not necessarily. I managed it, myself (though I earned almost nothing in my first 3-4 months), so it can't be. I knew almost nothing when I started and made a huge number of mistakes.

I wish you'd stop saying "passive".

Every time you use that word, I instinctively think of your chances declining a little, because your expectations may be unrealistic.

Just my perspective.

I know nothing about this business model. Others who do will comment.

This is what I do, if it helps/interests you: http://www.warriorforum.com/main-int...ml#post5721774

Good luck!

What I was looking for, a wordsmith to put it in the right perspective for you.

Start by learning skills such as copywriting, PPC, e-mail marketing and so on. There are many good books on Amazon. Then sign up to see what the top guys in your niche are doing.

If I were you, I think the best way to create a passive income online is first and always build your list.

Find a niche you are passionate about, and is profitable, then start collecting people's email addresses that are also interested in this subject matter.

Once on your list -- then promote products that have a recurring billing like membership sites or coaching. If you stay focused, this can be accomplished.

To get an immediate income, I would do some services on Fiverr or the Warriors for Hire section. If you aren't sure what services you could offer, go through Fiverr and check out Internet Marketing gigs that have a lot of feedback. Then, find a WSO that will teach you how to do it. After that, post some gigs and try to get some money rolling in.
As for the passive part, I suggest a membership site. There are some good WSO's on membership sites that cover setup, traffic and content. Just search for the term "membership site" in the Warrior Special Offers section. One of the best ways to do content is some quality PLR. Just google PLR.

1. The first thing I would do is get the idea of "passive" out of your mind except possibly for a very long term (years away) goal.

2. Next get yourself mentally ready to put in a lot of time and hard work.

3. Don't believe anyone that tells you to ignore #2.

4. Next thing is follow Alexa's suggestions to scour WF and find your passion. You need to decide on ONE method to build your business. Thriftypreneur gave you an example of some current models being used by others.

5. Get to work.

I highly recommend selling on Flippa to any newbie. The concept of selling websites is more straightforward than, say, affiliate marketing or SEO. I think it's much easier to learn and master this type of business than any other branch of online entrepreneurship. The revenues are fast, and the workload is moderate to heavy: perfect for a someone who's looking to do this full-time. All you need to do is:
- Learn WordPress and how to clone/transfer websites
- Buy a few nice themes
- Build attractive websites
- Attach business models to your websites (e.g. online services, blogs, etc.)
- Write good copy for your listings. And remember that Flippa is not the Warrior forum, people won't appreciate "over the top" descriptions there.
- Scale up and start outsourcing...

Good luck, but wouldn't it have been better to continue with your job and at the same time start making money online? I think it's better to be safe than sorry and anyway you couldn't possibly earn too much money from the very beginning!

I would:

1. Call your boss and ask for you job back.
1b. Apply for other jobs
2. Read up and come up with a plan.
3. Work on your business while working at least part time.

In all seriousness, and without knowing too much about your financial situation, it will be tough. It will especially be tough with $0 of reliable income each month while getting started.

Each of my mentors has at some point told me to keep plan B going until plan A makes it impossible. Keeping a little job going that covers your living expenses keeps the pressure off which means you can focus on enjoying building your online business.

Gee, Art, that doesn't sound too passive to me... :p:confused:

Hi,
Wish you hadn't quit your job! I know you are anxious to get started, but, building an online business takes time. There is no magic bullet!!
You will work hard toward achieving your goal.

Send me a message and go and visit my blog.
There is a multitude of how-to's videos and exactly what you need to do first.
Before you pick a domain name, pick a niche. Something that you like, ie, hobbies, cooking, fishing, pets etc. You should know something about the niche you pick and really like it. Go to Google and investigate the niche. How popular is it?

Start thinking about a domain name that goes with the niche you pick. Don't put any numbers, dashes or weird spellings in your domain name.

So that you can earn some money online, check out Fiverr.com. What are your strengths. You can set up gigs and earn some money while you are working on your business.
Good luck. Hope this was helpful.
Geri Richmond

Since you're looking for passive income the easiest route for you would be to start building your list and create some sort of membership program, could even be a monthly newsletter, but just make sure you have a recurring charge and then start sending traffic to your sales funnel and turn your leads into members.

Passive income is all about setting up something that will bring in income monthly without you having to do much once it is setup. The best way to do it in my opinion is to setup websites and promote different affiliate programs. Amazon has a pretty good program that a lot of warriors are making money on. Making money online is just like any other job and if you WORK hard enough at it, you will be successful..

The phrase "passive income" is throwing me off. Are you saying that
you want to set something up that will require you to do no further
work by your deadline?


That's what I think of when I read passive income, and it takes most
people many years to reach that point... not that it can't be done a
lot quicker.

Willie

Dude keep it up that's good

Interesting to read, different people with different opinions. Very interesting in fact, though everyone agrees, you will have to do hard work. I mean HARD WORK, it won't be hard anymore.