Many people mistakenly think that passive income means you can make money without ever doing any work. And while there’s a basis for that belief, it’s quite misleading. The truth is that you always need to do some measure of work, but it’s also true that you can continue earning money while you’re sleeping or out having a day of fun with your family.
Passive income is amazing. There’s nothing quite like the feeling of waking up after a long, restful night’s sleep to see that you earned money overnight. And it’s even better when you’re on vacation with your family for weeks, and you barely have to look at your phone or computer.
Nothing in this list is complicated, but it’s not easy either. The startup period can be intense. There’s a lot of upfront work that goes into creating a mostly passive income from blogging. But after the startup stage is complete, you’ll only need to spend a few hours a week managing everything you’ve put into place.
You can do it all without a blog, too. Each thing mentioned in this guide can be done without blogging, but it will be so much harder to succeed. Blogging helps establish your name and reputation, gives you an excellent platform for building traffic, fans, and followers, and gives you the greatest amount of control well into the future.
While similar things can be done with social media, blogging is more authoritative and longer lasting, potentially going on to continue generating income 10 to 20 years into the future.
Nothing happens until you start. Start your blog, then start adding income streams. Your future self on vacation with the family will be thrilled that you chose to follow through.