Kamis, 12 Februari 2009

Making Passive Income Online

Making Passive Income Online

How to make passive income online. Learn how I am currently making over $300 dollars per month in passive income while only working less than 30 minutes each day.

By Patrick Meninga

How would you like to make money from websites while you are not even at the computer? I do and it is great.

My intention has been to increase my online passive earnings over the last few years. I have done this very slowly, working here and there at it because I already have a full time day job. Now some people will argue that the income is not truly passive because I am working hard to build it up.

This is a valid point but it I would still argue that the end result is mostly passive. At this point, I get a check each month for a little over $300 dollars and I only need about a half an hour a day to maintain that level of income. So no, the money is not truly passive but it is darn close.

Now what gets even more exciting is that this level of income is growing. I used to only make about $100 dollars per month from my online ventures and before that it was even less. And yet I continue to work for about a half an hour each day in order to produce that income. If I want to grow this income further I have to spend extra time but I can always revert back to a half an hour per day and still have the checks keep rolling in.

The awesome thing is that within a few short years my current earnings will jump up to a thousand or two per month and that will enough for me to quit my day job. I currently have no dependents and I’m also working 40 hours per week so having that kind of extra income would be very powerful indeed. Once I reach such a point with my passive income streams then I would likely quit my day job and focus exclusively online.

Now this might sound far from “passive” but believe me, it is much easier to work for an hour per day from home than it is to commute and put in 40 hours per week plus. The truly amazing part will be when my online income starts to exceed my day job income. Like I said I project that this point will be in about 3 years at the most.

So how do I make this passive income online? There are many different ways to make money online but I usually go the route of optimizing sites for search traffic and then making money using contextual advertising. There are other ways to do it but this has been fairly successful for me and it seems to scale quite well.

Think about this: if you can make a website like I did that is pulling in 300 dollars per month in passive income, what is to stop you from making a dozen such websites? That is the power of the internet - it is all about scale. You can use something that is already working for you online and multiply your success in to other websites. This is actually what I’m trying to do right now and thus I have some other new sites that are in the works and targeting new key terms.

So if you’re interested in earning passive money on the internet then I would have you go start up a new website and start creating valuable content for it. The real challenge is of course in building links to your website and that is where the real money is at. If you can get others to link to you then you win. You will make passive income. Simple as that.

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