What Does Passive Income Mean
You might have heard this expression many times and wondered what does it mean
The definition of Passive income is shown below
Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved.
For the purposes of this post, you are going to learn about passive income in the form of ‘Other Enterpirses’
Some of the examples, might, just surprise you a little, depending on what you current understanding of passive income is
Bitcoin is probably, well at the time of writing this post anyway, the most popular and well known version of passive income
As you will be well aware there are several Bitcoin opportunities available, sadly not all of them good
However, I digress from the purpose of this post.
So lets look at some forms of other enterprises which are passive income and which have been established for donkeys yonks ( that’s a long time in other words!)
This, or Your blog. Yes Your blog, is a form of passive income. Did you know that?
How so?… Well first of all, like this blog, your blog will be a self hosted blog. Whether yours is with the same host as my #1recommendation or not only you will know : )
But because its a self hosted blog, then the chances are you will receive a commission from your host for referrals
Your Auto Responder. Yes Your auto responder, depending on who your auto responder is with is and to give some examples of them, they are
Google Adsense, is googles very own ad programme, which pays you for displaying ads on your own blog.
As an example this blog displays a selection of both Banner and Text ads, in the header, sidebar and footer sections, some of which are content related.
How these work is like this, ads are displayed, the reader clicks on an ad and is taken to the product / or service they have an interest in. Once the ad is clicked on the blogger then receives a small commission
This action, on its own, may not make earning money from adsense sound very attractive. However, consider this…
Your blog is shown, right around the world, through various search engines and similar other traffic generation websites
This amounts to over 3.75 Billion people, worldwide with access to see your blog
3.75 Billion people clicking on your ads, amounts to a very healthy and tidy commission. So you see the potential?
So In summary and Conclusion that is what Passive Income means