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What is the best way to generate a passive income?

Discussion in 'Making Money' started by Natty, Oct 19, 2015.

  1. Natty

    Natty Jr. VIP Jr. VIP

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    What is some ways in which you have personally generated a passive income, no matter what size! Just looking for some ideas and inspiration!
     
  2. TayaX

    TayaX Jr. VIP Jr. VIP

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    Autobloging. But it's not 2000 anymore, if you want passive income, you'll have to work around the clock for quite a while to master a niche, master the technology, set it all up, see it failing, correcting it.

    The amount of the income you generate passively in IM is equally proportional to the amount of work you put in before.

    Funny enough, only really hard worker will make money passively.
     
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  3. Natty

    Natty Jr. VIP Jr. VIP

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    Hey, thank's for the reply. I've been spending a lot of time mastering the twitter social marketing and I've been bringing in a solid $30 - $60 a day for the last 30 days. I've thrown some of the money into technology, but most of it is sitting their unused. The age old saying that money makes money doesn't seem to strictly run true with IM, however I was wondering if you have any advice on at what revenue/profit should I start to look at automating things?
     
  4. TayaX

    TayaX Jr. VIP Jr. VIP

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    There is no such thing as automating things. As I said, it all comes down to what you do first. So best way is to pick any method you can find online, master it, and then automate it.

    See it as throwing a ball. The more power you'll use, the further the ball will roll.
     
  5. billnelson

    billnelson Registered Member

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    Automate a system people couldn't do without on any niches. Introduce the service as subscription based and see the money rolling in daily.
     
  6. BulletServers

    BulletServers Junior Member

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    best way to generate a passive income is to start working your ass off to find something that works.
     
  7. soulcollector

    soulcollector Senior Member

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    I'd like to add that investors don't really work hard, they are just good at using money to gain more money.

    @ OP: Investing money in outsourcing or income assets tends to make you money, but even at this point you still have to master and then "work" your assets column to afford your liabilities you want in life.

    In social media marketing, you can either outsource to big players that know how to milk the crowds (non cpa, non stupid adsense site spam crap) or your followers are donating to you, buying from you as you meet their daily content needs.