7 Amazing Benefits Of Creating Passive Income
You may be someone like me who doesn’t fancy the buzz from the alarm every morning, what that alarms communicates to me is the start of another tedious and frustrating day at work. I hate it most when it’s a Monday morning, gosh! I just can’t have enough weekend. The good news is that all of that is now in the past because I took up the courage to quit my job.
Maybe you have also heard about money making strategies, especially online before, but you always dismissed them as scams, or you conclude it’s for people who have a marketing web creation background. Beyond scams, another factor here is that no one wants to be a freelancer, most people prefer to be an Investment Banker, Doctor, Lawyer, and the rests. Most people look down on me when I tell them I’m an online entrepreneur. Laughing out loud.
In reality, absolutely anyone can build a passive income business online, if given the right knowledge triggered with determination. Walking people through this milestone is my next major project, you will know more about it by reading through to the end, you should also benefit from this for FREE. Working 50 or 60 hours a week for a company that can fire you anytime is absurdity, you should start thinking and also come to the realization that you too can be a successful online entrepreneur.
When it comes to making money, no matter what business you’re in, passive income is a great thing. It just simply means you earn even when you’re not working. Maybe you are thinking why I keep emphasizing on passive income online, you wonder why not offline? The reason is this: regardless of your business, the best way to create passive income for that business is online. The internet is a proving ground for opportunities, business opportunities keep sprouting daily through the internet. As a matter of fact, if your business does not have an online presence, I give it a few more years it will become obsolete. Every major brands now are hiring the best digital marketers.
Just in case you are one of those who need motivation, you are still not sure if this is for you. Consider some of these benefits that come with creating passive and residual income online.
Sleeping And Making Money
This is the most obvious benefit – unfortunately this is just a mere fantasy to many. People think and desire this but it is far out of reach. To some they believe someday when they retire they will know what it means to have this feeling – so they keep at work to provide for their retirement. What is hidden from these folks is that there are several individuals living this life on a daily basis. I spend most of my Monday morning on my bed in a chilled room and if I have to go out on Mondays then it should be to have a meeting and hangout with a friend at a bar. Many times I even get tired of sleeping that I envisage starting another project soon. This benefit stand out for me – I can’t trade it for gold.
Freedom To Do Anything
There is this peace and joy that comes from working wherever you are – no scheduled place of business that you must work 8-5. Creating passive income online makes you work anywhere and also above all anytime. I choose whenever I want to work and whenever is convenient for me. There are times I have worked not less than 20 hours in a day for 7 days nonstop and there are times I choose to do nothing in a week, I just roll on my bed. This makes me very adventurous – I just wake up and the thought to give my fiancée a surprise visit sprouts. Surprising her with my visit makes me feel like a superman. Well, I do not think I am a superman. This is why the best passive income model you can have is online. An offline model will still require you to be confined to a location.
It Offers Added Financial Protection
Have you heard this saying: do not put all your eggs in one basket?
Passive income settles this. Online investments gives you the opportunity to have several business models that work. For some people, they may not need to leave their regular jobs, they just need to create more passive income to build more financial muscle. For example you have a blog that you earn through paid adverts, if you suddenly lose the deal, you can still earn on the blog through your affiliate links. Just so much opportunities online waiting to be harnessed.
Unlimited Income Opportunities
One of the limitations of a regular job is that there is a limitation to how much you earn regardless of how hard you work. No matter how many times you get pay-raise there is always a limit. Most organizations have policies as to a time-frame to qualify for another pay-raise. With online businesses, including internet marketing, and even MLM options, there is no such limits. If you want to work 10 hours a day it is your choice, if you also desire a 7 figure annual earnings, nothing is stopping you. You remove the limits by working hard, getting knowledge, harnessing every opportunities and having a passive solution to your income. You can create as much wealth as you want and you can do so with proven models and techniques that many others are working on right now.
The Internet Revolution Advantage
The world is becoming a global village through the introduction of the Internet. It still amazes me how I communicate and reach every part of the world daily. Communication is now cheap, did I say cheap? I should say free. Through the internet I’m able to work with a company to produce a product for me In China and I’m also able to sell these products in America, Japan, Canada among other countries – Just through the internet, I have not been to any of those countries before and I don’t have any intention anytime soon. If I will have to be there, it should be for leisure and not business.
Also the introduction of social media has revolutionized the business environment, people who can’t use these platforms to make money are missing out. I know folks who make millions through the use of their free social media account. Everyone can now connect with their businesses whenever and wherever they are through smart-phones, tablets, laptops and every other devices. It just doesn’t get better than this.
Offers Fulfillment Through Personal Expression
The fulfillment my online business models have given me is so overwhelming – words will fail me to explain adequately. However, I’ll try.
I have always loved and wanted to host a radio and TV show someday. You will agree with me; that is expensive. Since I couldn’t afford that, I started my online radio and TV for FREE. I’m not even going on local radio or TV again because this generation is shifting online. I cannot remember the last time I watched a TV program, but I can spend the whole day on YouTube and my Iroko TV app.
I have a podcast listed on iTunes, Soundcloud, Stitcher Radio, Google Play Music and also on my podcast section on my blog. I have a YouTube Channel that allows me host my videos. I love to write likewise and you’re reading one of my articles. When I get feedback from my expressions; there is this fulfillment I get that money cannot buy. Above all, these platforms pays me. What else does getting paid doing what you love means? I’m taking my fulfillment level higher by teaching people every of my business model. You can take my course on how to start a blog and also a podcast for FREE in my online school, there is a link below this article.
The Liberty To Express Creativity and Innovation
This is one benefit that stood out for me and that is why I’m bringing it out last. I still remember during my paid job, I would often go to my boss and give an idea. I’d suggest we do many things either way, sometimes my boss would consider this and give me a go-ahead to do it my way, but many times it was a dead-end because some decisions has to be a management decision and not a one-man, sometimes my boss never saw the reality. One that will remain with me forever was the suggestion to ignore traditional marketing to digital marketing. It was a war, how can we spend such an amount of money on Facebook just for a campaign? To so many people, Facebook is just a social media to post pictures and keep in touch with friends and family. To yet so many of us again, Facebook is strictly a business centre. Now digital marketing alone as at when I’m writing this generate 80% of all my income. Digital marketers are sort after, every businesses that wants to stay in competition for a long time will not rule out an online presence for their brands.
I won’t be surprised if after reading this piece, many will not take any action. Many will have legitimate reasons never to consider starting something. I believe the ability to jump at opportunities and a high speed of implementation is the difference between the successful and others. Some will say they do not have any knowledge about how to make money online. Well, I never did too when I started out, I read Business Administration in the University, if I can learn it, you too can.
If your question is how do I start? Then you are on track. I have a good news and also a bad news before I drop my pen.
Here is the good news: I paid to have premium access to offer One of the courses I took starting out as an online entrepreneur. This course is attached to a fee on my store, but I am offering it for FREE on my online school platform, no credit card, no adverts.
Before you get over excited, here is the sad news: It won’t be free forever. It will be for a very LIMITED time. This course introduced me to most of my online business models. Click here to enroll NOW, The next time you visit might be too late.
Visit my online school to see all the courses you can take for free, click here now
Start the journey to creating the fulfillment you crave for today.
Finally, be kind enough to share this post using the social media icons below if you find it useful. I love I care.