Truth About Passive Income That No One Tells

[Mika]

A lot of people believe that building passive income means making money without any great effort. Well, that’s what you hear from these online gurus. However, this is just a half-truth.

In order to build a stable passive income source, you either need to be highly skilled, or you need to have a lot of money.

Blogging, Affiliate Marketing, Writing Books, Dropshipping, Youtube, Print-On-Demand, etc. are some of the highly recommended passive income sources. However, in order to generate passive income sources from these activities, you need to be highly skilled in multiple areas. For instance, to become a YouTuber, you need video making, SEO, and digital marketing skills

If you do not have professional skills, the only way to build passive income is through business (a business that is entirely automated or you have a team to work for you) or investment in the stock market, real estate, or crypto. In order to build passive income through these methods, you need a lot of money.

 

[cmoneyspinner]

There is no such thing as making any income ~ passive or otherwise ~ without putting in any effort. Even when people inherit money, they have to work hard to stop other people from stealing it! LOL.

However, once you do the work on certain projects, you can earn income while you sleep. But when you wake up, you better check on those projects to make sure things are running smoothly. LOL. If you Google "earn passive income" you will see that for all of those "suggestions", you can not generate that income without doing some serious hard work first.

 

[Jasmine]

One of the biggest misconception about passive income is people believe it is free money and it comes to you easily. Well, that is not the case. You need to work really had to build passive income. You need to put a lot of effort to generate passive income. A lot of passive income methods also require you to work regularly, for example, if you are doing affiliate marketing, you need to regularly find affiliate products and market these products to generate sales. If you are doing vlogging, you need to regularly create videos, publish videos, do SEP on videos and market your videos. The only passive income method that does not require any work is earning from dividends, however, in order to use this method to make money, you need to invest a lot of money in stock market. If you have patience and if you are willing to work for years, you might succeed though.

 

[Chibson]

The simple truth is that it is not really easy to build a very good passive income stream on the internet because it can take a lot of resources and time for you to be able to create. There are several ways in which you can use to make money passively on the internet but before then you must be ready to work and put the right things in place.

A business venture like blogging can take a lot of time for you to be able to monetize but on the long run you are going to make a lot of money passively even when you are sleeping. It may take some years for people to succeed as blogger but with the right things in place, you will probably succeed.

There are several ways in which you can use to make money in cryptocurrency passively but you must invest a lot of money for that to be possible.

A lot of people think that if you want to make passive income online you just click a particular liy and boom, you are making money but that is definitely not the truth. A lot of YouTubers are guilty of this half-truth.