Passive Income Discussion

PrayingMantis

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If you were to start a business on complete autopilot, which business will you likely give a thought too?
e.g SMM Panels work on autopilot mostly.

Let's discuss as I was talking to someone who doesn't believe that this is possible.
 
Let's discuss as I was talking to someone who doesn't believe that this is possible.

He probably watched some guru like Gary V who loves saying that passive income doesn't exist.

Gary V (and people like him) is correct in his own way, because his reality is a bit different than most normal people's, in that he owns and deals with multi-million and -billion $ businesses daily. You surely can't have such a business and have it run passively.

When it comes to IM, most methods that will make you like 50 bucks daily all have a degree of passivity to them. If you have a website that ranks, a yt channel, get social media traffic, etc, all of those will keep making you money even after you stop working on them for a few months, even a year.

But even the most passive IM methods will eventually slowly die down and in a year or two you'll have to do something else, so in that sense passive income really doesn't exist. Depends on your definition.
 
He probably watched some guru like Gary V who loves saying that passive income doesn't exist.

Gary V (and people like him) is correct in his own way, because his reality is a bit different than most normal people's, in that he owns and deals with multi-million and -billion $ businesses daily. You surely can't have such a business and have it run passively.

When it comes to IM, most methods that will make you like 50 bucks daily all have a degree of passivity to them. If you have a website that ranks, a yt channel, get social media traffic, etc, all of those will keep making you money even after you stop working on them for a few months, even a year.

But even the most passive IM methods will eventually slowly die down and in a year or two you'll have to do something else, so in that sense passive income really doesn't exist. Depends on your definition.
Thanks for the input.
I am sure this is possible and I am happy to know that other people share the same view. Passive is fine in a year or 2 imo
 
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