I have had several conversations lately about passive income. This is my favorite type of income and accounts for over half of my monthly online earnings. Am I making a million, nope, but I can say this. The Internet is my full time job and it is paying the bills. A matter of fact, the passive income pays my standard living costs. Which I have been real happy with. Except when I have to wait til the end of the month to get paid, lol.
So, what do I mean by passive. I mean income derived by means during the month that I do very little or no work for. For me this is typically from sites I have built and do not have to maintain on a regular basis.
The key to creating a site that will earn passive income is to remember what both search engines and real people want. They do not want blogs written about topics that the author is not an authority on. I always think of it this way. When I had cancer in 1992, if I could have searched the Internet and found information that looked great but was not written by a real authority such as a researcher or physcian, how much trust would or should I have with it?
What does work for passive income is inventory for sale. And there are lots of places to get inventory, Amazon and Ebay are probably the top 2. The downside to a site of eBay or Amazon items is there is no original content. Right? All it takes is a paragraph of good original content to solve that problem. I have designed several different sites to do this with, from WordPress sites with one good page of content to a custom site that builds the content dynamically. Personally I have had more success with the dynamic sites since the data changes which helps keep the search engine crawlers coming back.
If you can find streams of data that can help create a dynamic site, and add just a little original content, you have a winner. Both search engines and people will be happy as you are supplying something that is real and useful.