How to Make Passive Income Online (3 Legit Models From Someone Who Made $5+ Million Online)

Today I'm going to show you how to make passive income online. I will show you 3 different business models from which you can choose to start and build a business that works for you.

If you want to see specific examples of several different companies that I own, here are 9 ways I can get passive income online:

That said, read on to get really important information about this desire that we all have to obtain passive income, because there is a lot of information about it online and not all is true.

There are several different definitions of passive income. I am aware of the traditional definition, such as the profits derived from a rental property, but there is a better way in which I have years of experience and I have also taught tens of thousands of people to do.

It involves the creation of online businesses that take advantage of automation systems that allow transactions, cash flow and growth to be made without requiring a presence in real time.

In other words, we do not exchange time for money. Instead, we invest our time in advance to create assets in the form of an online business that can return our money continuously.

There are several different ways to achieve this, and the 3 models I share in this video will give you an idea of ​​how an online business might work for you.

COMMON QUESTION No. 1: Does generating passive income mean that you do not have to do any work to earn money?

Not at all. Creating several passive income streams requires time and a lot of work. It's about building a real business that solves a problem, creating systems or hiring people so they can run on autopilot.

COMMON QUESTION n. ° 2: Can you create a stream of passive income that does not require any maintenance or care that will reimburse you forever?

No. All sources of passive income, including traditional ones, require some type of maintenance and maintenance. Real estate portfolios and investments in the market can not (correct, they should not) move away from eternity, and neither should any kind of online business.

However, having said that, online businesses can be set up so that you can get away from it for a while and still be able to keep going. An online business is a showcase that is open 24 hours a day, 7 days a week (even on holidays), and much more than investments in real estate or markets, building an online business gives you a barrier of entry lower, as well as a lot more potential rise.

Just think, how much would an additional $ 1000 per month help you? Imagine how much it would cost to invest to get additional $ 1k per month in traditional forms of passive income, while building an online business is much more feasible.

Let's do a little math to give you a perspective:

Imagine that you sell a $ 25 product. You only have to sell 40 of them, per month, to earn an additional $ 1000 / month.

Imagine that you sell a membership in your program for $ 25 a month. You only need 40 members to generate an additional $ 1000 / month. But the next month, he gets 40 additional members who also pay him $ 25 per month. Now you are earning $ 2k per month.

However, the most important thing is that any product or business you create helps solve a problem. All good companies solve a problem in some form, form or form, so be sure to watch the video to know exactly how you can focus on building an online business on your own.

Links mentioned in this video:

SPI Podcast Interview with Brian Casel:

Tools that used to start selling my first product / eBook:

Also see 3 myths of passive income, BUSTED:

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Subscribe to this YouTube channel:

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Want to learn more about the smart way to earn money online and start a successful online passive income business (without cheating people or being dishonest)? Then, be sure to visit the Smart Passive Income homepage below:

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Building an email list? Watch my latest video: "How to get more email subscribers (17 ideas of lead magnet)":
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Video credits to Pat Flynn YouTube channel

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How to Make Passive Income Online (3 Legit Models From Someone Who Made $5+ Million Online)

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