Generating Passive Income?

[Sabine]

Does anyone have any good ideas on how to quickly generate passive income? Affiliate marketing? It doesn't have to be a lot of money right now, just something that's legitimate. I don't expect to match my salary, but I just would like to get a little something coming in help me out for the next few months while I figure out what to do. Everything online seems to be a scam.

Here's my dilemma: I need to quit my job ASAP.

I'm inspired by this book, yet a little overwhelmed, because the whole muse creation phase seems like it will take some time to get going. Time and energy I just do not have while I am at my full-time job. I'm miserable every second I'm in the office and I feel sick to my stomach every morning when the alarm clock goes off. I have fantasies about getting laid off or fired (which is unlikely because my bosses love me), because at least then I'd get severance and unemployment benefits. If I quit on my own, I don't get anything. Finding another job will be even more time-consuming than the muse creation, and is not ultimately what I want to do, so I don't see the point.

I'm smart and resourceful, and am confident that when I do take the plunge I will succeed. I feel like I can work on muse creation as soon as I'm out of this cubicle hell.

Any suggestions for getting out?

[TonyRush]

I've got a suggestion for you but I don't want to violate any rules about publicly recommending a business on the forum. But, in a nutshell, we escaped our "job" situation by making some very simple decisions....and earned a 5-figure income in our first month. It's not multi-level or anything like that. We did it "from home" but if you have a cellphone and a laptop, you can do it from anywhere in the world.

Feel free to contact me via email or Private Message if you'd like to get some details.

Tony

[ZEvenEsh]

I kinda fell into my gig, which is really doing what I love....

I started training athletes through my backyard, I was dirt poor w/out a dime, so I borrowed my Dad's digital cam, took pics of everything we did and a few weeks later cranked it out into an e book

I did a few interviews w/big web sites and I was selling 5 a day, making about $ 100 a day! It was crazy but it all started by simply following my passion

I found that when I focus on what I love to do, the ideas and passive income flow easily

think of what you love to do first, and then see how you can use that passion!

--z--

[jetpacklife]

Well, Google has declared that "Content is King" ( http://adsense.blogspot.com/2006/08/content-is-king.html )

Online content can be a very passive business. Once you get something started, it can practically run itself.

See my other posts for getting ideas.

[TonyRush]

In my observation, establishing the kind of web traffic required to generate a decent income with Google Adsense is one of the more futile ways to create a passive income. Not that it can't be done, obviously. But, even the ideas that Timothy outlines in his book are easier and more profitable to get into (dropshipping, private labeling, etc.)

Basically, there are two ways to make money online: selling something on a website....or giving away something for free on a website and allowing people to advertise on that site while you do it.

The latter -- including the Google Adsense game -- can be very profitable for those who are willing to invest the huge amount of time and effort to create that situation.

For me,....I just wanted to make a ton of money quickly without having to fight tooth and nail to do it. I found something that worked for me (similar to the information sales that Timothy talks about in his book) and created a multiple six-figure income almost instantly.

I'm not totally automated to the degree that Timothy advocates but I AM down to about 15 hours a week with more trimming in the works.

It's a good life!

Tony Rush

[cornflower]

I earn fourty cents a day in adsense after building multiple sites for the last 6 months. I can't see it being a major income earner for me any time soon!

[jetpacklife]

Well, content generation is much more about organic SEO and getting lots of free traffic.

Google sends me thousands of users per day for free, then proceeds to pay me for them clicking on AdSense ads. It might not work for everyone, but I've repeated this for multiple sites and ideas.

I'm not here selling anything, so I don't care if you believe me or not.

[ConsistentIncome.com]

Greetings,

I personally quit practicing as a successful eye doctor to work from home. Anyone can do it! Now I have more time and more money to boot. This book is EXACTLY what my life is about....congrats to you all!

Dr. Jason :)

[Trancender]

Sabine,

You said: "I need to quit my job ASAP."
Why? Are you in mortal danger? Are you being harassed or abused? What if you viewed your job as the engine that can propel you into the life that you desire. Instead of a hindrance...


You said: "I'm smart and resourceful, and am confident that when I do take the plunge I will succeed. I feel like I can work on muse creation as soon as I'm out of this cubicle hell."

I say - re-read the book . Especially the parts about creating your 'muse' while in your current job.

[Sabine]

John,
I'm sure you were trying to be helpful, but your advice was rather insulting. You know nothing about my miserable situation at work. I've read the book and the chapter on muse creation several times over. However, it really lacks some details that people need to get started. I do have many ideas, but as I mentioned before, those will take some time to develop. I am looking for a temporary fix that will provide me with a little bit of income while it takes me a few months to develop my muse, which I have little time or energy to deal with while at my current job. Apparently no one has any helpful suggestions though. Everything like this appears to be a scam.

[jetpacklife]

"Everything like this appears to be a scam."

Do you mean this forum, or the book, or just change your life sort of motivational ideas?

The book was more about developing a longer term "muse"... Timothy spent a lot of time on his. I don't know of any temporary solutions besides working for pay... but I don't know what part of Timothy's book could be considered a scam.

I wouldn't necessarily trust any of the stuff that people are selling in this forum. I don't think I ever bought any ebooks while I was creating my muse.

[Sabine]

Oh no, I'm not talking about Tim's book. Just any kind of work-from-home opportunity, including the ones being advertised by others visiting this forum.

I agree that it takes time to develop a muse, which is the frustrating thing about this. I do have several ideas, but I have no idea how long it will take me to get any of these off the ground while I'm working my full-time job. I'd just like to see some light at the end of the tunnel.

[jetpacklife]

I don't think you're going to be able to "buy" a specific idea. There are lots that work, it's just that you have to come up with them yourself, especially online stuff.

I tried several different ideas (over 8 years) before one finally took off. The one that finally broke me free, I had the idea in October, had it up and running in November, and by July I was making enough on it that I felt comfortable quitting my real job. (Since then, I've come up with a few more winning ideas)

So, it doesn't come instantly for everyone. You just have to try some!

[ralvarez]

John,
I'm sure you were trying to be helpful, but your advice was rather insulting. You know nothing about my miserable situation at work. I've read the book and the chapter on muse creation several times over. However, it really lacks some details that people need to get started. I do have many ideas, but as I mentioned before, those will take some time to develop. I am looking for a temporary fix that will provide me with a little bit of income while it takes me a few months to develop my muse, which I have little time or energy to deal with while at my current job. Apparently no one has any helpful suggestions though. Everything like this appears to be a scam.

Sabine,
I understand you as I was in the same situation, hated to wake up in the mornings and go to work, sometimes to the point of driving slower than needed to avoid getting there, and like you I was loved by boss and coworkers, just could not take it anymore, I felt I was dying slowly.
Now, by chance I could get out with unemployment comp. I decided to trade 42K a year for $ 1100 a month. Now I am in the situation where I am trying to find out what to do so I don't have to get back to 9 to 5!! I started working from home doing recruitment commission based but don't know if it will pan out. My advice for you is to try to cut expenses to the bone, up to a minimal budget that you can then covered with a part time job. This will free up time to investigate what to do next. Of course it depends on your particular situation, mortgage, family etc.
There is always a light at the end of the tunnel....
Rey

[GatsbyGirl]

Implementing the methods in Tim's book takes actual work. For those of us that have managed to develop a muse and quit our job we had to FIND the time and energy to develop the muse and/or initial passive income. Nothing gets handed to you unless it IS a scam.

If you have no energy or time to develop a muse, then you have to have money to pay someone to develop it for you. If you have neither, then you should just look for a new job.

[gr8kidsmom]

Sabine,
My suggestion would be to maybe try a temp agency. They can find you a temporary job that will be more bearable than where you're at, and by its very nature be a short-term thing while you work on what you really want to do. I've worked for temp agencies for many years, and the flexibility is wonderful! You may not be making a CEO's income, but it should be enough to make ends meet.

[cbmedia]

hey there,

I've been developing a useful tool that ANY website can use, and an excellent partner/reseller program. However, like others, I don't want to violate any rules, so you'll have to email me for details.

fyi.. I'm a web developer, and a legit one :)

CB

[aTown]

Hello All!
I have recently received an inheritance of $300k and was wondering what one would do with it.

I want to invest into something that I don't have to babysit. I have been looking into apartment complexes (I've been involved in real estate for the last 5 years). Or maybe some type of bond/financial investment(?).

Does anybody know what kind of return one could expect in any cretin investment?

Im open to any excellent business ideas that require cash to get it off the ground.

Im assuming I will have access to harder to "get into" investments given the amount I have on hand.

Something that's pretty safe and generates a monthly income.

...So the big question here is what do you think I should do?

Thank You in advance for your input!
aTown

[nghs22]

go to rich dad poor dad forum....

[MJ1225]

I would suggest reading the book again. I read it twice. Once I started my "muse" I went back to the book to work out problems such as defining who my customers are. That is the secret. Then, develope your product according to the customer you have in mind. Mine was an affluent friend who has very discriminating taste. She was the person I kept in mind as I developed the product.

Your product should be something you enjoy! You need to be interested in whatever it is you are selling.

I put quite a bit of effort and time into it. It's not a "get rich scam". I have been working on the business full time since January and hope to test the website this month. My goal is to start selling product a week before Father's Day.

This book gives you the tools you need. Some people will use the book and put very little effort into their muse to try to make a fast buck. Others will use the book to build a solid business. I prefer the later.

Best wishes to you!

[nghs22]

I would suggest reading the book again. I read it twice. Once I started my "muse" I went back to the book to work out problems such as defining who my customers are. That is the secret. Then, develope your product according to the customer you have in mind. Mine was an affluent friend who has very discriminating taste. She was the person I kept in mind as I developed the product.

Your product should be something you enjoy! You need to be interested in whatever it is you are selling.

I put quite a bit of effort and time into it. It's not a "get rich scam". I have been working on the business full time since January and hope to test the website this month. My goal is to start selling product a week before Father's Day.

This book gives you the tools you need. Some people will use the book and put very little effort into their muse to try to make a fast buck. Others will use the book to build a solid business. I prefer the later.

Best wishes to you!

good post mate

[dreb]

I would suggest reading the book again. I read it twice. Once I started my "muse" I went back to the book to work out problems such as defining who my customers are. That is the secret. Then, develope your product according to the customer you have in mind. Mine was an affluent friend who has very discriminating taste. She was the person I kept in mind as I developed the product.

Your product should be something you enjoy! You need to be interested in whatever it is you are selling.

I put quite a bit of effort and time into it. It's not a "get rich scam". I have been working on the business full time since January and hope to test the website this month. My goal is to start selling product a week before Father's Day.

This book gives you the tools you need. Some people will use the book and put very little effort into their muse to try to make a fast buck. Others will use the book to build a solid business. I prefer the later.

Best wishes to you!
Agreed, great first step actually reading the 4 hour work work - the muse should be something you are passionate about as your passion will transfer to the customer. Developing the product and the market will take time - Tim's product did not appear overnight and he worked hard to get to where he is. Passive income is the same, there has to be an investment at the start - if this was not needed then everyone would be in the business.

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