This small and straightforward phrase has a nice ring to it, doesn’t it?
Plenty of people out there are obsessed with passive income…
And you should be too.
After all, what could be better than generating money every month without lifting a single finger?
A lot of people like to romanticize over what luxuries could come from developing their own forms of passive income and what type of assets they might own that could produce such an enormous lifestyle change.
You might have heard that it’s simple to set up.
There might be people out there trying to sell you a “get rich quick” scheme that revolves around passive income.
But the truth is that passive income actually takes a lot of hard work.
It’s definitely nice to have money rolling in every month, but it’s not easy to get to this stage.
First of all, you actually have to set it all up.
You have to put everything in place, and you have to do this meticulously.
The unsightly news is that it’s not easy.
The extraordinary news is that once you’ve set everything up, the work is over.
I can personally attest to this since the local lead generation coaching program that I had stumbled upon in 2014 – which taught me to leverage Free Traffic sources from the internet to generate passive income has proven itself time and again (and with more students than just my successes).
Now, in 2019, I own well over 45 lead gen sites that are all considered virtual real estate – meaning they take up space online and could be otherwise construed as “digital properties” – and produce a monthly income whether I go to work or not.
Before I found this coaching program, however, I was doing the good old corporate gig that my friends and family would preach to me about day in and day out.
There were some things that I would have preferred to have been able to afford to change in my life, such as…
• Not living in a crummy apartment in downtown Detroit
• Not residing where my ability to turn on the heat during the winter months was surrendered to the landlord’s opinion of whether or not they wanted to spare the expense out of their profit margins (and they didn’t even live on-site)
• Not being expected to walk through deep snow each week in my morning and evening commutes
• Not being able to afford a warm car to avoid walking in deep snow with an extremely thin and cheap business suit – which is all my salary could allow
• Not being capped at $35k in an annual salary
• Not being passed over every quarterly review and annual raise opportunity for popularity reasons
It’s not that people didn’t like me at work, but let’s face it – some people have all the luck!
I wanted a change – and that’s what this lead gen coaching program was able to provide!
Now – 5 years later – I’m generating close to $50k in monthly income, and it’s essentially all from passive income resources that I call “lead gen sites.”
Here’s one of them that is dedicated to the tree service industry, and it’s still online – and has been generating about $2k each month for the past 5 years (see it now, below):
With each of these lead gen sites yielding a monthly $3k to as low as $750 per month, I’m counting my blessings that I was able to reach $10k per month in my first year and walk away from my last position of employment in 2015!
That’s what’s possible with the coaching program that I’m sharing with you.
If you’re ready for those kinds of results, then CLICK HERE to discover the possibilities of taking your future into your hands and changing things that you always wished you could with the extra, passive income from a side hustle that doesn’t take much to get started with (or to maintain).
- Why Should You Pursue Passive Income?
- First: Paid Surveys
- Second: Blogging
- Third: Real Estate Crowdfunding
- Fourth: Self-Publishing
- Fifth: Peer to Peer Lending
- Sixth: Patreon
- Seventh: Amazon FBA
- Eighth: YouTube
- Ninth: Air BnB
- Tenth: Buy and Sell Domain Names
- Final Thoughts
- How Local Lead Generation Leads the Way in Passive Income for Entrepreneurs in 2019
Why Should You Pursue Passive Income?
So what’s the point?
Why should you even put the effort and the work into establishing sources of passive income?
After all, what happens if you try to set something up, and it simply fails?
There’s always the risk when it comes to starting businesses.
But this is a risk worth taking.
Earning a wage is great.
There’s nothing wrong with it.
But at some point, you need to roll the dice and try to set up something that provides you with an income long into the future.
If you never try to set up a source of passive income, you’ll always be left wondering what life could be like if you had spent a few weeks, days, or even hours making an effort.
How much money can you make?
Honestly, the sky’s the limit.
It depends on which type of passive income you choose, but you might be surprised at how much you can earn.
It’s very realistic to think that even a simple blog can earn over $50,000 per year.
Hell, some blogs even make millions.
But even if your passive income source is only earning couple thousand per year, that’s still better than nothing.
And you’ll be putting virtually zero effort into it after it’s set up.
It doesn’t cost you anything.
With all this in perspective, why on Earth wouldn’t you set up a source of passive income?
And why just settle for one source of passive income?
Why not try out a whole handful?
With these top ten options for passive income sources, you’re sure to find something that grabs your interest…
First: Paid Surveys
This is perhaps the most basic form of passive income.
Some might not actually consider it passive income, but it’s an easy way to make money without really doing anything.
There are just a few kinds of websites out there which pay you to do surveys on products, brands, and all kinds of things.
Most people do these paid surveys when they’re…
• watching television, or…
• even in a waiting room somewhere.
With paid surveys, you can make money during those times when you would just be sitting around anyway.
Sure, it’s not a lot of money.
When you do the math, you’ll be earning about two dollars an hour.
But hey, it’s better than nothing, right?
Blogging is among the most popular forms of passive income.
Why? Because it can actually be very profitable.
There are concourses of people out there who can provide for themselves with only their blog.
Others do much better than that, raking in six or even seven figures each year.
But when you start off as a blogger, you’re probably going to fall into the category of those who make a nice side income, but nothing more.
This is because it takes time and effort to get a blog firing on all cylinders.
Most bloggers have to face a few years of making less than impressive sums.
But sure enough, a good blog will steadily increase in value over time.
You might be surprised at where your blog takes you in a few years time.
As you might expect, a successful blog is all about traffic.
Learning how to direct more traffic to your blog is pretty much essential.
To do this, you might have to learn a bit about SEO, Google search algorithms, and other key pieces of information.
But what most people seem not to remember is that the age of the blog also plays a major role.
That means the sooner you get started, the better.
Google automatically ranks older blogs much higher on their search results.
The great thing about this passive income source is that it hardly costs anything to get started.
For the price of your monthly morning coffee budget, you can keep a blog running.
From there, it’s all about what you bring to the table.
Make sure you’re blogging about something that you’re passionate about.
Otherwise, your blog just won’t be interesting enough.
If you get excited about something, it’ll show.
You’ll get others excited too.
Before you know it, there will be people all over the globe who share your passion.
It’s all about getting your audience involved.
Even if you can get your blog to the point where you’re making an extra $1,000 a month, that’s still pretty sweet.
Third: Real Estate Crowdfunding
How can you make passive income through Real Estate?
That’s easy – just try your hand at crowdfunding.
We all know that the real estate market can be pretty limiting.
After all, the price of housing keeps going up, and some of us just can’t afford to get into the market.
Say that we manage to get started, just for conversation sake, most of us can only afford one or maybe two properties to get started with.
That’s hardly an “investment” in the traditional sense of the word.
It’s more like a place to live, which just so happens to be increasing slowly in value.
It’s hard to “cash in” on real estate quickly and without losing in the long term.
That’s where crowdfunding comes in.
With platforms such as PeerStreet, you can invest as little as $1,000 in properties.
You can review the project owners and the investment details before you part with your cash, and it’s actually a pretty safe way to invest.
Over time, you’ll probably earn a return of about 15% per year with this type of investing. Not bad.
Real Estate crowdfunding is especially useful if you want to diversify your portfolio, spreading your investments outside of the stock market.
Because these are long-term investments, they won’t be hit as hard by stock market crashes and recessions.
A quick thought about real estate, by the way –
A lot of people discuss, pitch, or even suggest (at parties and interpersonal engagements) how true wealth comes from real estate.
In essence, they’re mostly referring to physical real estate – such as…
• Residential homes
• Multi-unit family dwellings, like apartments or condos
• Business and workshop locations
• Some even invest in methods of fixing and flipping or wholesaling properties (which just so happen to have a home built on them, most of the time)
But what if…
Stay with me here…
What if you were able to get your hands on some virtual real estate?
Our lead gen coaching program introduces the average person to a business concept of leveraging the internet, and search engine free traffic strategies (meaning no paid traffic or costly digital advertising means are required) to keep your digital real estate generating revenue each and every month.
Just like owning physical real estate, your lead gen sites are…
• Something that you own
• Owning precious space on the world wide web
• Able to be positioned in a location that has high volumes of high-intent buyer traffic passing through
• Once ranked, are able to be rented out to local businesses for a high price
What are the benefits to virtual real estate?
• Very low risk
• Virtually no large investment(s) in overhead expenses or start-up
• Little maintenance (if any); several of my 45+ lead gen sites having been touched by me for several years now, but the checks keep coming, and I keep cashing them with a smile on my face
• Rapidly expandable; you can generate multiple lead gen sites in one month or over the course of 12 months – you get to build your business however fast or slow you choose to, and/or how fast or slow you’re able to contribute your time and resources necessary to generate that passive income in a side hustle-like manner
This is how I was able to generate $10,000 in my first year of this lead gen coaching and mentoring program – I simply built my passive income assets and positioned them in front of the free traffic that constantly came through to them when I was off work.
As each website typically required about a 6-hour investment of solid, focused effort to get situated and ranked online, I knew that I had found a special kind of business model that was going to get me where I wanted to go…
CLICK HERE to check out what this can do for you as well…
Sure, self-publishing might not be for everyone.
But if you like to write, then it’s something you should really consider.
There’s really no downside.
If you’re going to do some creative writing, then you might as well work towards creating your very own novel.
You can eventually self-publish this novel on Amazon.
Writing a novel might sound like a lot of work, but you’d be surprised how quickly everything comes together.
All you need to do is devote about 30 minutes per day to writing your book, and it’ll be finished before you know it.
So how much can you expect to earn?
Some writers can earn tens of thousands of dollars per month. Yes, really.
But realistically, you can expect to make about $100 to $200 per month with each book.
But once you’ve finished the book, the income becomes completely passive.
Spend some money on advertising each month, and the money will simply keep rolling in.
Some speedy writers can write a book every two months.
You do the math.
Before you know it, you could be making at least $5,000 per month.
Statistics show that fiction is probably your best bet.
If you really want to make good money, you might also consider making your novels into a series.
Think Harry Potter or Lord of the Rings.
Fifth: Peer to Peer Lending
By now, you’ve probably heard of peer-to-peer lending, otherwise known simply as “P2P.”
But can it really be used for passive income?
At the end of the day, P2P lending is just another way to diversify your investments.
If you aren’t interested in putting all your eggs in one basket, then you should definitely consider investing in P2P lending.
Let’s be clear – the returns aren’t as good as some stocks.
Realistically, you’ll probably get about 10% per year.
But P2P lending is actually very reliable.
With this investment scheme, you can be pretty sure that you’re actually going to get exactly the return that you’re promised.
That’s a lot better than the “gamble” that is the stock market these days.
In case you don’t already know, the concept behind P2P lending is pretty simple:
You and a community of people on the internet are offering people loans (with interest, of course).
The interest rates are generally better than what people would find at the banks.
And that’s the whole point – you’re cutting the banks out of the picture entirely.
It’s just a large group of people who are pooling their money together online and lending it to people who need it.
It’s a completely consensual transaction between two entities. No government or banking oversight is needed.
The best part is that automated P2P tools make the process entirely passive.
You set the criteria for the investments and loans you want to engage in, and the rest is done automatically.
The money just keeps rolling in.
If you were born at least semi-recently, you probably already know what Patreon is.
There are people on this platform doing all kinds of things…
Some of these people are questionable.
Others just seem bizarre.
Others are genuinely creating interesting content and art.
The bottom line is they’re all trying to make money.
But let’s break down what Patreon really is.
At its core, it’s a way for the public to support artists.
Well, perhaps a better word would be “content-creators.”
Some people on Patreon are genuine artists, but some just like to create funny videos, memes, or anything else that makes people happy.
If your personality type likes to be creative, why not create an account on Patreon?
The next time you create a piece of art, a funny video, or even a meme, you could be paid to do it.
Here’s how it works:
Your “patreons” pay you to do whatever it is that you do.
They might even ask you to create a personalized piece of art especially for them.
Sometimes, people thank their Patreons simply by creating signed pieces of art or thanking them publically on a blog.
By the end of the day, you can earn some serious cash on Patreon.
People won’t think twice about donating a couple dollars to you each month.
However, amassing nearly tens of thousands of Patreons… well, it adds up fast.
Seventh: Amazon FBA
Let’s be clear – Amazon FBA is a tough gig, and it’s hard to pull off.
In fact, it’s a full-time job.
It’s definitely not passive income.
So why is this on this list?
Well, FBA becomes slightly passive after you’ve put all the work into it.
Let’s say you’ve done all the heavy lifting of getting a third party manufacturer, creating a brand, and listing your products on Amazon.
That’s right, at this point, you’re basically just waiting for those products to sell.
You’ve already made the investments, and done the hard work.
Because Amazon handles all of the shipping and the storage of inventory, you really don’t need to do too much.
If you’ve done everything right, you’ll be raking in cash soon enough.
Making around $5,000 in extra sales each month isn’t unheard of.
Yes, that’s right, YouTube is still profitable.
Sure, it might not be an easy way to make money, but the rewards can be quite high.
If you can land even a few hundred thousand views on a video, you could be in for a serious payday.
Most YouTubers make videos for the enjoyment and passion of creating content.
That should definitely be your motivation.
If you just want to make money, there are probably easier ways.
But if you want to turn your hobbies and passions into a potential income stream, then YouTube is a great option.
Think about it.
You’re already going to spend time engaging in your hobbies and interests.
Why not simply film yourself having fun?
Or better yet, why not review certain products you’re interested in on YouTube?
There are always people who want advice on their purchases.
The sky is the limit on YouTube.
You can get seriously creative.
Some people create their own TV shows, podcasts, or vlogs.
The craziest ideas are sometimes the best ones.
Why not give it a shot?
Like many types of passive income, the hardest part is the beginning.
You’re going to have to endure the pain of having no subscribers and no views on your videos.
It might last months, even years.
But by sticking with it, you’ll succeed (eventually, and if you play your cards smartly with effective review and possibly even mentoring).
A video might go viral.
You could get a lucky break.
And when that happens, it’ll suddenly start to feel like passive income.
The views will continue to pile up, and you’ll keep getting checks from YouTube each month.
The reality that some people have become millionaires from YouTube is no secret…
Ninth: Air BnB
For this type of passive income to work, you’re going to have to own property.
Everyone knows about Air BnB these days.
In many cities, it’s causing quite a controversy.
People have discovered that they can make more money by renting out their properties for a couple days each month, rather than renting to actual tenants.
Air BnB is an online platform that you can use to run your very own “bed and breakfast.”
Of course, you don’t actually have to serve them breakfast in the morning…
The numbers don’t lie.
A successful Air BnB business can be a great source of side income.
If you have a spare room at home (or better yet, a basement), then why not rent it out?
It makes no sense to have that square footage just sitting there when it could be making you money.
If you’re concerned about random people coming into your home, don’t stress.
Air BnB has a system where you can look at a renter’s past history, and whether or not they’re nice people.
Renters can review your service, but you can also review them, and it goes on their profile.
The best Air BnB setup is probably a cabin or a cottage that you own in a touristy location.
You won’t be getting in each other’s hair, and you can set up the space to make it more suitable for short term stays.
All in all, you can make great money from an Air BnB listing.
This is especially true in popular cities during peak holiday seasons.
That being said, you can still earn an awesome income in a rural area.
Tenth: Buy and Sell Domain Names
We’ve all heard of “flipping houses.”
But what about flipping domain names?
Not only is this possible, but it’s also highly profitable.
This type of passive income is essentially just another form of investing.
But this could be one of the smartest investments you’d ever make.
There are tons of possibilities when it comes to buying and selling domain names.
The most obvious option is simple. Just buy a domain name you think will be popular, and sit on it.
Eventually, someone will be willing to pay big bucks for it.
Remember, domain names can become way more valuable as time goes on.
You’ve probably already heard about the guy who bought “pizza.com.”
He bought the domain for a few bucks in the 1980s and sold it for hundreds of millions in only decades later.
But if you want to get a little bit more involved with your domain names, there’s another option for making money here.
You can actually buy existing domain names and sites, improve them, and then sell them for a profit.
This might not technically be passive income, but you’d be surprised at how easy it really is.
Simply buy a domain, hire an SEO specialist to optimize it, and it instantly becomes more valuable.
You might be able to make a profit of only a few thousand dollars, all while doing virtually nothing.
As you can see probably tell, there are plenty of options out there for passive income sources.
There’s really no excuses anymore.
The sooner you get started, the better.
Ten years from now, you don’t want to look back and regret this moment.
This could be the moment that changes your entire life.
You could wake up tomorrow and set up multiple sources of passive income.
A few years from now, you could be making great money without lifting a single finger.
You could quit your job.
Travel the world!
Indulge in time with your family and loved ones.
The possibilities are endless.
But you’ll never know until you actually give it a shot…
How Local Lead Generation Leads the Way in Passive Income for Entrepreneurs in 2019
We’ve just gone over what I would say is just shy of a baker’s dozen-worth of recommendations for how to generate passive income in 2019.
Whether you’re an entrepreneur or simply want to make extra income, passive income strategies are sure to be a compliment to your monthly budget.
It’s entirely up to you to do your own due diligence and research what you think would be the absolute best model for you to follow…
After all, you’re the one making the investment with your hard-earned money and choosing to step up your game so you can have it better than your peers.
In fact, some of your peers might not be working as hard as you but still make more money for doing less.
Wouldn’t you like to have a similar lifestyle?
That’s one of the greatest things that I think about when I consider the first time I placed my eyes on this lead gen coaching program!
See, some of the “get rich quick” business models require the need to obtain results thru buying web traffic – and you can do this by way of…
• Google Ads (formerly Google AdWords, but popularly referenced as Pay Per Click, or “PPC”)
• Facebook Ads (also referred to as Facebook Advertising, but still a form of PPC, as it were)
• Other social media methods or options to purchase attention on the world wide web
In the end, we should at least acknowledge that each of the methods (within the aforementioned list) results in a dip in profits because you actually have to keep the money flowing by continuing to get attention…
Unfortunately, in those paid traffic strategies, you simply have to take a portion of your profits and put them back into the advertising campaigns.
Also, some of the paid strategies involve a principle called “ad fatigue,” where you’ll basically have to invest more time with your advertising options and adjust accordingly to keep things performing well.
I’ve done this with other business models, and I can personally attest to it feeling like a second job, and I didn’t want to start a side hustle just to shift my daily work hours as I leave a corporate job to position myself into another “day job.”
The purpose of passive income, for me, was so that I could have both the money to cover my needs (and indulge in a few wants) and enjoy the notional time freedom to…
• Worry less
• Rest easy
• Stress less
• Enjoy life more!
If I were to have a second job thru paid advertising, I simply don’t believe I would be free of the complexities of corporate life; I mean…
If I stop working on my paid advertising campaigns, then my income stops.
I was looking for a way to…
1. Build a business
2. Design it to run on autopilot
3. Be able to step away and let the cash keep flowing inbound
If you’re with me on this, then you’re in luck because the coaching program that I started with is still going strong today and teaches how to set up free traffic assets that work 24/7 so you can do the things you want to do after you’ve positioned yourself for maximum profitability.
It’s an extremely simple business model, after all…
1. Gather your resources to build the lead gen site well
2. Quick piece it together and rank it online
3. Generate results that you can rent out
4. Get a deal in place with a local company
5. Repeat the process for more mailbox money coming straight to you
Sound too good to be true?
Well, that’s where this lead gen coaching course comes into play…
Take a look at what I’ve been able to do, and this is just a quick snapshot of one of my lead gen properties online that are found at the top of search results for limo services…
Originating in Lansing, Michigan, this limo rental resource is positioned above all other companies and certain to generate real results that I can rent out for monthly revenue.
It’s simply that easy; there’s not much more to it!
I’m not really trying to sell this concept because I think it sells itself…
In fact, here are some other things that I’ve noticed about the lead gen for a small business model that I believe are luxurious benefits that I’ve not found anywhere else…
• Such a flexible business that you could operate this from anywhere in the world; literally work wherever you feel like it
• Not sure that you want to help companies nearby? No problem… you can acquire clients anywhere the internet has a reach (and that reach is rapidly expanding with each day that we press forward in our technological era)
• Staying at home for the day become a serious possibility – without fear of reprimand from a superior – especially when you decide to be your own boss and live off the fruits of your passive income streams in lead generation
• Collect enough of these assets that are live and producing results, and you – too – could have the time and financial freedom that is coveted by beginners in entrepreneurship without the hassle of physical real estate laws, paperwork, and/or headaches
• High-yield and low maintenance means you can build your business to a competitive salary that rivals most attorneys and doctors, and still not have to work as many hours as they do; thus, you now have the opportunity to build a lifestyle around the income that you’re generating
I quit my job in 2015 to run my business full-time, and some of the students in our coaching program refuse to quit their day job because they love what they do…
That’s okay, too!
We’re not here to say that you have to quit your full-time job or you’re a failure…
Quite the opposite, actually.
When you find something that you really want to do, our coaching program can be the vehicle that accommodates your reach to get you there.
However, this is only a platform of information; we can’t guarantee how much (or how little) action someone might take when getting started, so we require a call to be scheduled so we can learn more about you and find out if this mentorship is a good fit.
At the end of the day, this information truly isn’t for absolutely everybody.
If you’re not ready to change things in your life or you’re not hungry for an additional stream of passive revenue, then that’s okay, and you’re applauded by my team and me.
However, we’re only interested in people that are serious action takers and willing to make the necessary sacrifices early on to see the fruits of their labors in fast-action-taking upon entry…
Those are the hustlers and grinders that we wish to link arms with and give sufficient attention to from our limited schedules so their questions can get answered and they can get to where they want to go as fast as possible.
That being said, the coaching and mentorship are top-notch – and I know this because I was able to reach a multiple 6 figures in annual salary from the same information that you would be receiving if you were to get onboard today.
• My same mentor
• The same training
• The exact same resources
…that I had access to in 2014 to build my lead gen empire!
I’m not the only success story, but I am happy to share about my experiences because I wish there were even a few bits of information – like this blog – when I got started to give me an honest review of the coaching program.
That includes some honest insights into how someone can build a limo rental lead gen site – like the one below – and position it in such a way to collect monthly, passive income for less than a business day’s worth of work and minimal investment costs (see it now):
We’re ready to bring someone in, and if that’s you, then CLICK HERE to connect with me and let’s talk about what you’re looking to achieve.
I could joke and say that operators are standing by, but I’d rather just connect with you personally to see where you’re at and how this could help you to achieve your ambitions in life.
Whether you’re new to the entrepreneurship game, a seasoned pro with the internet, and/or possess multiple streams of income and are doing well for yourself currently…
This program can continue to revolutionize your life – and lifestyle – just as it has mine.
Yeah, so, CLICK HERE and let’s get you moving toward a bigger future for yourself…