Passive Income|Can You Succeed? Obiously Yes!!!!!

Yes! Everybody wants an online passive income stream.Dont you? But most of the people actually struggling to earn a decent passive income online.So, is passive income a dangerous fantacy?Absolutely not.At least in this type of income you do not have to spend ten thousand dollars to sit in a seminar to learn something, so simple. Well, you do not have to, but it’s not like it is unheard of, but it should be. One of the biggest reasons many fail at most anything online is the fact they can’t seem to find the time for some of the most basic and fundamental practices here. So, let’s look at what we can do to settle down, get focused and make the time to build what we want deep down inside, a successful passive income stream. What Passive Income Is Not Let’s dispel with some myths and set realistic expectations before we go any deeper. 1. Generating passive income is NOT easy and it takes a lot of hard work. Nothing in life comes easy. Making money online is no different. Many conventional internet marketers and online entrepreneurs will try to persuade you to think otherwise. Why? Because they’re trying to make passive income online from false hopes. I’m here to tell you the truth: online business is hard. I’ll do my best to guide you and give you the information you need, but I can’t force you to take action; that’s up to you. 2. Generating passive income does NOT happen overnight. I don’t live, teach, or believe in get-rich-easy schemes. My first online business took about a year of hard work before it was generating enough to support my family. There was nothing easy about what I had to do to get that business going. But in relative terms, it was “quick” because I decided to opt-out of the work till 65 deferred life plan and make my own luck happen. You can do it too. 3.People are enjoying their lifes by generating passive income streams. Internet is the best platform to make passive income online.Because it does not demand your actual presence. Virtually you can be anywhere online.  Wake Up! It’s Late’O Clock!  Yep, it’s time to get to work! And, if you remember what your grandfather said, “if  a man don’t work, a man don’t eat.” We need a little bit of this today, and not just bout passive income if you ask me. We however, in this day and age, are finding ourselves stretched thin to say the least. Not that this is an excuse, it simply means we really have to get to work.  Remember,Hard Work is the key of any Success even for generating passive income at very beginning.

Planning Out Your Passive Income Year

Before we get into it, remember, as you start to follow this plan, you will soon find yourself, here and there, creating one or two more a week as income begins to be faster to create. Oh, and don’t be afraid to learning more, ever. Here is what we do: 1.Picking Out Your Type vs. Time Management.  Do you want to continue working 50, 70, 100 hours a week the rest of your life? Good! Neither do I. Do you want to be able to take time off whenever you want to, without worrying about what's going to happen to your business? So do I! There's a saying in the corporate world: "Don't make yourself irreplaceable. If you can't be replaced, you can't be promoted." Let's think of "being promoted" as earning more and working less. You can raise your prices, but until you can remove yourself from being directly involved in doing the work that generates the income, there's always going to be a limit to how much you can earn, and it can only increase very slowly. Let's look at basic types of passive income streams,key strategies for earning more and working less. 1.Affiliate marketing.This is one of the best ways to make passive income online.Affiliate marketing means you sign up with a company and/or entrepreneur and sell their products. For example, if you start a tech website, you could become an affiliate of a web hosting or anti-virus software company. You can earn hundreds or even thousands of dollars each month if your website receives a decent amount of web traffic and you have thousands of email subscribers. Being an affiliate marketer takes dedication and time. You need to build traffic via your website, email marketing and social media. Is this for you? You be the judge. 2. Start a freelance business. Have you always wanted to own your own business? You could start a side business while you work a full-time or part-time job. For example, if you're a graphic or web designer, you could start your own graphic or web design business on the side to make passive income. If you like to make jewelry, you could sell at craft fairs and online. Starting a business may be daunting, but if you believe in you and your work, you could earn a decent living, maybe even quit your day job. Search out those who are doing what you want to do and interview them. Find out the mistakes they made and ask for guidance. 3. Network marketing. Network marketing or multi-level marketing is one of the most popular passive income streams. When you join a network marketing company, you become part of a team. The goal, for some, is to become a leader, such as a district manager of your area, because you can earn more money. The drawback to network marketing is poor leadership and the emphasis on building teams quickly. If you join a team with a weak leader, you won't like network marketing. But if your leader knows how to build and develop people and teams, you could be successful, earning passive income of $5,000 or more per month. A word of caution: read the fine print when you sign up. Make sure you have ample time to quit if you decide the opportunity is not for you. 4. Investments. Stocks, bonds, 401(k)s, annuities, etc. are great ways to earn passive income online. If you're not financially savvy, you'll want to hire a financial advisor who'll help you choose the right investments for you. You may want to take a couple of finance classes to understand what your advisor is speaking about when he/she recommends an investment strategy. Done right, investments can pay off for years. 5.Real estate Do you watch real estate reality shows? Have you dreamed of fixing and flipping houses? What about being a landlord? Believe it or not, real estate is a good way to earn passive income. Real estate investing includes fixing and flipping houses. This requires capital in the form of cash and/or credit. If you can partner with someone, do it. You'll attend housing auctions and bid on houses; you can get them for a good price. Hire a contractor to fix up the inside and outside (could cost anywhere from $10,000 and up), have the house appraised, sell it, make a profit and split the profits between you and your partner(s). Of course, you could buy properties (e.g., houses and apartment buildings), and become a landlord. Another alternative is to become a real estate agent. Speak with seasoned investors and realtors to find out if this passive income strategy is right for you. 6. Royalties Royalties from writing books, songs or developing products are good way to generate a passive income stream. You can even buy someone else's share of a song via a writer's auction. For example, if a songwriter dies, his/her heirs have the right to auction off a percentage of their songs during an estate sale. You bid on a song, and if it's accepted, you own a piece of it and receive a royalty check each month, which can be deposited into your savings or checking account or a special savings account like a financial freedom account. 7. Participate in surveys and paid focus groups Get paid to take surveys at home by signing up with one or more survey websites. All you do is answer questions and voilà, you get paid. Another way to earn extra income is to participate in focus groups. Companies hire focus groups as a way to test out a new product before it hits the market. Why? Because they need to make sure it will make money; they want a high return on their investment. Surveys and focus groups may not make you a millionaire overnight, but you can earn hundreds of dollars each month by giving your opinion on products and services.