Create Passive Income in 2016
How much money are you crrently making in your 9 to 5 job? I imagine you are probably struggling to make ends meet. Am I right? You may not know it but you have options which you might not have known about. I am not talking about those get rich quick schemes, because the truth is there is no such thing. It is feasible that you can make a financial difference for yourself this year in 2016, but it will require work, dedication and committment.
The typicaly set up for your current 9 to 5 job probably pays hourly right? You probably get paid per hour and once that time has passed you will not be able to get paid anymore for that hour of work you put in.
You can start working from home today using your computer and Internet connection. You can start generating an income which will give you more personal freedom with your family and loved ones. What I am talking is referred to as passive income. Have you heard of that?
If You Will, Imagine for a Moment:
What if you were able to get paid for doing something only one? What if you could spend an hour or two doing something in which you will get paid over and over again for? This is most likely opposite of what your current 9 to 5 job structure is set up.
In the next five minutes, I will show you the different income structures. I will show how the majority of people live and work. Next, I will show you how you can choose to work. If you are a typical worker, depending on what country you live in and what occupation you are in, you probably make anywhere from $15,000 a year to $100,000 a year. If you are making more than $100,000 you are doing pretty good and perhaps what I am about to tell you may not apply to you, but I am referring to the norm of our society.
From that income, you put in a typical eight hour a day job, five days a week and you get paid for your work you did during that 40 hour week. You cannot get that time back nor will you get paid more than once for those 40 hours you put in during that week. That time, effort, energy and commutting costs back and forth to your job are gone.
Passive income works another way. In fact, you may be familiar with it already. Passive income refers to an ongoing money-generating machine. When a TV commericial is aired, multiple entities are paid over and over again from it. Each time a commericial is played on the television, the actors and everyone else involved in the production of that commericial get paid a certain amount of commission. Eventhough those actors only performed once in front of the camera for that particular commericial, everytime the TV networks air that commericial, those actors are paid whatever proceeds they agreed upon.
Comparison Between Passive & Direct Income
|Passive Income||Direct Income|
|Get paid over and over again for tasks you completely only once!||You do not get paid for past chores you completed for your employer.|
|Can be achieved with little or no money down.||Requires some money in reserve to pay for gas, commuting costs, etc.|
|Requires much work and patience at first but you learn a lot.||Work an hour and earn a X number of dollars repeating the same tasks.|
|Potential to become wealthy over time.||You live week-to-week and paycheck-to-paycheck. That is the norm.|
|Relatively low competition if done correctly.||Nearly impossible to get financially ahead.|
Think how much our world and how we communicate has changed over the past three decades ever since Tim Bernes Lee invented invented the Internet in the 1980s. For more information about the evolution of the Internet, refer to this article. This past decade and the beginning of the 21st century has seen massive changes to how people are earning money through passive income. Today, the internet is used everyday to perform even the simplest tasks from online shopping and email exchanges to moentary transactions which we will be seeing more of in 2016 with the introduction of BitCoins.
Allow me to put it to you this way! Three billion people use the Internet on a daily basis, surfing the web and checking out the latest trends. So much of that traffic is creating a massively large amount of passive income. When you go to a website, you are often annoyed by ads right, much like some of those annoying television commericials I refereneced above. Yes, I said annoying and I will be the first to admit they can be annoying. But those annoying ads on both television on the web are generating some massive income for others. As annoying as they sometimes are, millions of people are clicking on those ads everyday and somewhere someone is making a fortune off those clicks and purchases through that particular website. This process is referred to as affiiliate marketing. This is a real and very achievable for anyone with an internet connection and a strong and determined willingness to learn new skills and apply it.
You need first to have belief in yourself that you can make this work.
Opportunities in 2016 for Generating a Passive Income
In 2005, two young men named Kyle & Carson started a website service geared towards helping people to build a website plus monetize that website. These men are owners of Wealthy Affiliate. In a sense, they taught folks how to be producer of their very own television show – a website. It has produced some of the top earning online affiliate marketers of this past decade.
Their resources are second to none. It was their desire to share with anyone who had a willingness to learn. Now, 10 years later they are well known for being a couple of the best SEO (search engine optimization) leaders of the world wide web. Initially, when they started Wealthy Affiliate, they were asking for money before trying it out. After their confidence in their product grew, they began offering people the opportunity to try it before you buy it and I personally have always been a fan of that type of program. I personally do not beleive it is ethical to ask people to purchase something before allowing them a chance to sample it.
As a result, today you are able to get limited access to this program as a free starter up. This way, you can experience for yourself what an absolute difference this will provide you for the next coming year and many more years after that.
- Absolutely no credit card is required for the free start-up membership.
- You may remain a free member for as long as you like. However, there will be encouragement to go premium.
- You have nothing to lose. There is no obligation to buy.
- I will also be there to help coach and guide you.
If your ready to have your own free website which requires little skill to create, use the form below to create your own domain and have a website up and running in about one minute:
Discover Your Niche & Turn it into $$
Once you have built a website, you need a niche. Basically, you need to find a group of people who are interested in the same thing as you to talk to. Anything can be a niche. Even if you think it is too bizaare and narrow, trust me – there are others out there interested in the same things you are. What do you like? What are your hobbies? What are you considered to be good at? The choices are limitless.
After you have discovered your niche, you need an audience or website visitors which is known as traffic. Once you have traffic, you can turn that into money. This requires you to seek out companies with affiliate partnerships willing to pay websites commissions for sending people to their websites. There is an unlimited market here no matter what your niche. There is a huge disparity between companies offering an affiliate partnership. One of the biggest well known companies is Amazon. However, Amazon offers the lowest commission rate of all, only 4% commission which is not much.
Ready to Get Started?
Are you satisfied with the research and information I have provided you? If so, I welcome you to get started with a free startup membership. Everything is broken down in a step-by-step format supplemented with videos. There is is addition a massive community of thousands of people to help you with questions you may have. I have found my success at Wealthy Affiliate and inside I will be there waiting for you.