Surely, everyone interests in make money onlinewish to have passive income, and surely most people define passive income by making money without doing anything! Well, does such an opportunity really exist? Many people wish to have that, but in reality unfortunately it is JUST a dream! So what is passive income anyway? you asked. After reading The Truth About Creating Passive Income Online , Kenneth Koh actually define passive income as “A passive income is an income system that does not trade time for money” What does that mean?
Passive income example
One obvious example will be doing a 9-5 salary job. If you don’t work and quit your job you don’t make money at all. Another example for a non passive income will be doing a freelance writing, graphics, web design, link building etc. The Ultimate goal for passive income according to Kenneth is to create a system that can sustainable or generate an income on itself. A typical example is making money adsense. You need content, traffic, and an optimized placement of your adsense code. Once you’ve figure out a system that let you constantly generate traffic and content on your site. Then you have a passive income system.
The differences between a passive income and making money is often creating a passive income system often you will lose some money. Just like you’re doing an offline business. Open a retail fashion shop for example. Not every design if clothing could make you money. However, if you choose the right piece, it can earn you a great deal! I know that because my dad is doing a fashion business and often some designs were really sucked and no one else want it! But business is a business. Business can make you rich but jobs won’t. Perhaps it is the same case with passive income, seeks every way to automate it, once you find out how you can do it and that’s it!
