How Can I Earn a Passive Income Online?

You can’t. It’s that simple.

The concept of earning a passive income online is one that’s mostly peddled by people trying to get you to buy their Internet Marketing book or join their Internet Marketing related membership site!

If you haven’t worked online, or in Marketing, before you’re going to have to learn some new skills – which takes time and commitment.

The most important point to remember is that an Online business is no different from a traditional bricks and mortar business: It has to be well planned, well funded, well managed and worked at!

Having said that, there are tremendous advantages to having a successful online business. You’re operating in the biggest market in the world (the number of Internet users and people who buy online is growing fast every day).

Because you’re selling from a website, rather than a shop, your business is open 24 hours a day and the technology allows you to handle hundreds of customers at the same time.

So your operating costs are much lower.

But remember that people who tell you that you can earn a passive income online are probably trying to get you to buy their Internet Marketing book, their Internet Marketing software or join their membership site!

Best Affiliate Marketing Training program!

The closest you may be able to come to what could be called a passive online income is if you’re selling memberships where you get a portion of the recurring membership fee each month – as long as the people you sign up remain members.

If you’re selling these memberships as an affiliate you could call that passive income because you theoretically don’t need to do anything once your new member has signed up.

However, at some point your new member is going to cancel their subscription, so you’ll lose your commission.

So you need to keep working your business in order to keep a stream of new members joining.

Long story short: the lure of passive income is usually used by people trying to get your business. To be successful online you need to work at it just as you would any other business.

Cheers,

Martin Malden

Martin Malden
Owner – WealthyDragon

Website owner: Martin has been working online since 2006 and focuses on two areas: 1) affiliate marketing and 2) designing and building websites based on WordPress. He has his own WordPress agency, and serves clients in Hong Kong, Australia and the UK.

What do you think?

Comments on this entry are closed.

  • Linn Dec 4, 2008 @ 17:07

    fantstic read..

    i couldn’t agree with you more…

    thanks for the blackbook, just downloaded.

    very much appreciated.

  • WealthyDragon Dec 4, 2008 @ 17:23

    Hi Linn,

    Glad you enjoyed it and you should get a lot of good stuff out of the Authority Blackbook – I hope you do, anyway..!

    Cheers,

    Martin.

  • Linn Dec 5, 2008 @ 19:51

    Martin,

    thanks for the reply.
    I was reading the book and it’s fantastic.

    i will come back to read other articles as well. thanks for sharing

  • WealthyDragon Dec 5, 2008 @ 20:00

    Hey Linn,

    Welcome!

    Cheers,

    Martin.