The Power Of Passive Income

Businesswoman sitting in chair holding laptop with dollar bills

There’s an old saying:

“I’ve been rich and I’ve been poor… and I like rich better!”

I’m going to modify that phrase a bit today…

“I’ve made an hourly wage and I’ve made passive income… and I like passive income better!”

(In fact, I LOVE passive income because of the freedom it creates)

There is NO SUBSTITUTE for having a passive income.

Let me try to put this into words and describe for you what passive income feels like…

  • Passive income is income that comes in whether you work or not – it comes in while you’re driving, while you’re playing, while you’re at church and while you’re at lunch. It comes in while you’re sleeping and while you’re awake. It just keeps coming in, all the time!
  • Passive income is usually created by doing some hard work ONCE, and then seeing the fruits of that hard work for months and months or even years and years to come.
  • Passive income is the opposite of hourly income because with passive income, the number of hours you work (to create the same income) is miniscule!
  • Passive income is created by using one of the most powerful wealth building strategies in the world – LEVERAGE!

Here’s the amazing, powerful and almost magical thing about passive income on the Internet.

Making a passive income online is getting easier each year.

This is because the internet is making it easy to aggregate customers and traffic in one place.

Here are a few examples:

Everyone knows that Amazon and eBay are the clear leaders in ecommerce, with hundreds of millions of members. As the leaders, they are aggregators for mass amounts of traffic – traffic that it would cost you and I a fortune to try to generate on our own.

But they give us access to their traffic “for a small fee”…

Now, when you sell on Amazon and eBay, you are not creating a fully passive income, right? But let’s think about it this way…

Let’s say you buy 1,000 units of an item (wholesale) and then list that product on eBay and Amazon.

Once you list the item on those two sites, the main work is done, because now, the two sites do their part – they send you traffic to your listings and they expose your item to buyers all over the world who are looking for it.

When one of these items sells, you ship it (or if you are using FBA, you have Amazon ship it for you) and you’ve just earned some income.

Can you see how this is an “almost-passive income”?

I call it almost passive because you still have to ship the item, which adds another element of work to the example, but it’s pretty close to passive in the sense that, once you list the item, you are freed up to find more items to resell and do it all over again.

It is a way of leveraging…

Here’s an example of a simple passive income…

Have you ever bought a book in the Amazon Kindle marketplace?

Well, the author of that book earns a passive income every time someone buys their ebook.

And, given Amazon’s huge amount of traffic, this can become a substantial passive income if the book is on a popular topic.

There are people making mid-six-figure incomes by simply writing Kindle books!

So, that’s another great example of a way to create a passive income by tapping into an already existing traffic flow. (Amazon’s Kindle Marketplace)

Here’s one more example…

Discover the easy way to teach online for a passive income.

It’s a passive income I’ve been developing pretty aggressively over the last few months – Udemy.

Udemy is the world’s largest online learning platform and is an amazing source of passive income.

Udemy allows anyone to teach anyone about anything.

So, the way Udemy works is simple – you create and publish a video course on something you’re familiar with or know a lot about.

Once your course is published, you now have access to the over 6 million Udemy students who are looking for new things to learn.

As those students begin buying your course, you begin earning a passive income.

This is truly passive income, where it comes in whether you work that day or not.

It comes in while you’re sleeping (because Udemy students live all over the world) and it comes in all throughout the day, too!

It is amazing and only going to get bigger and better.

But here’s what I LOVE about passive income like Udemy income…

You can build upon past income streams!

For example, once you’ve tasted the initial few hundreds a month of passive income, you will want to create more courses / more income.

Since you already have income coming in from your previous courses, this creates a great opportunity for you to build upon that foundation and grow your income exponentially!

Every new course becomes another income stream, just like every new Kindle book becomes a new income stream.

And there are many different ways to build these passive income streams. Let me list just a few ways here:

Believe me, once you’ve experienced truly passive income, you will not want to work at other forms of income – it truly takes one of the best wealth building tools – LEVERAGE – and makes it work for you.

Want To Teach Online? Udemy’s Top 10 Instructors Generated $17 Million

[caption id="attachment_1446" align="aligncenter" width="300"]Discover the easy way to teach online for a passive income. Discover the easy way to teach online for a passive income.[/caption]

If you’ve ever wondered if you could get paid for what you know…

If you’ve ever wondered if you could get paid for the years of experience you’ve developed in a job, sport or a hobby…

…then you’ve got to check out Udemy.

Pronounced YOU-duh-me, Udemy is the world’s largest online learning platform with more than 5 million students and 20,000 courses on just about any topic.

But the real story is in how it is changing the lives of the people who decide to teach on the site.

  • There’s the 72-year old copywriter who is making $8,000 a month.
  • The young lady who made enough from teaching professional people skills on Udemy to put a down payment on her house.
  • The 2 young men who earned $250,000 in 2 months.
  • The 25-year-old programmer who created a new in-demand programming course and earned $66,000 his first month.
  • The young man who was too sick to go to a traditional job, so he now makes $5,000 a month – mostly passive – from home.
  • And on and on, the stories go…

And then there are the countless other Udemy instructors who are earning thousands a month in (mostly) passive income, month after month!

The wonderful thing about teaching on Udemy is that, although you only have to create your online course once, (most courses are in video form and, once published, require very little maintenance, other than answering the occasional student question) it then begins making you an ongoing, passive income! (and it just keeps going, and going, and going)

And if your course is in high demand, it can be a “massive, passive income.”

While many people believe that teaching should only be reserved for those with teaching credentials or for those who have a PhD or some other quaification, Udemy has no such requirements.

If you know a topic well and can present halfway decently, you can teach on Udemy!

In fact, in my “Online Course Creation – Fast & Easy Online Course Publishing” course, I show you 5 different ways to make money with Udemy. (and teaching is only 2 of those!)

So, if you’ve ever felt a twinge of regret for not taking advantage of an opportunity, this is your chance to get in early and begin making a passive income by teaching online.

You can do it!

To help get you started, check out my new course – here’s a discounted coupon just for my blog readers!

https://www.udemy.com/udemy-course-creation-online-course-publishing/?couponCode=BlogSpecial

 

This is, hands down, my favorite way to make money online…

My favorite way to make money (and it just so happens that it is also
where I've made the most money) is by selling information online.

I love it because you create your information product ONCE and then
you can turn it into an ongoing income that continuously gets deposited
into your accounts. (It comes in whether you work or not!)

I remember the very first time I sold an information product online...

It was my first eBook titled: "Beyond eBay".

(Back in 2001, when I did this, it was so much harder to sell info-products
online than it is today, but when that very first payment came in...
it was only $29.95... I was SO EXCITED!)

Now, I wasn't excited that I had made $29.95...

But I was REALLY excited because someone had come to my site, they read
my sales copy and decided to buy!

I knew right away, that all I had to do was ramp it up and I could make
thousands a month. (which is exactly what I ended up doing - I turned
that little eBook into a $3,000 a month passive income)

I then went on to make millions selling my information!

The feeling of freedom and control that you get when you start selling
your own info-products is completely exhilarating!

So I want to tell you some exciting news - I've decided to re-launch
my Infopreneur Mastery Program! (and, at an investment that is now
DRAMATICALLY REDUCED from the original!)

Here's the scoop:

The Infopreneur Mastery Program is my intensive coaching program where
I walk you, step-by-step, to success online.

This program must be updated and renamed because, very soon, I will be
offering it to students from stages all across America.

If you've ever wanted a business that gives you a high income, (and
an income that you don't have to do much to maintain) then this is for you.

If you've ever wanted to create a REAL info-products BUSINESS, and I mean
a business that builds to a high six-figure income, then you've got to
watch the video I've prepared for you.

This truly is an exciting opportunity to learn the Info-Product business
from someone who has done it (sold many millions worth of my own
products) and someone who is STILL doing it, today...
(the low investment for this coaching will shock you)

WATCH THIS VIDEO:  http://InfopreneurSystem.com

I am totally excited to share my proven strategies with you and to help
you see tons of success as an Infopreneur!

To your success,

Dave Espino

PS: I am providing a SUPER-LOW INVESTMENT for this amazing coaching program
because I need to have this program ready for my speaking engagements.

That's why YOU get to benefit by being in on the recording of it!!

WATCH THIS VIDEO:  http://InfopreneurSystem.com

PSS: This will never be offered at this low of an investment again...
You'll kick yourself if you miss this!

Online Learning Platform Udemy Acquires $32 Million For International Expansion / Product Development

[caption id="attachment_1241" align="aligncenter" width="600"]Insider Secrets To Making Money With Udemy Insider Secrets To Making Money With Udemy[/caption]

I’ve been publishing eBay and Internet Marketing courses on Udemy for several months now and am excited to see the massive growth of this online learning platform.

Well, a few days ago, Udemy announced that they had acquired a $32 million investment for International expansion and improvement of their product. (their platform)

According to TechCrunch:

“The funding will also be directed towards product developments, including continued development of its course creation tools, and ensuring a smooth experience on mobile and other platforms — to underpin Udemy’s on-demand education ethos.”

This is exciting news for anyone who is thinking of publishing their course / information product on Udemy as it shows that they are growing fast and are working hard to make improvements to their platform as well as to bring new students in from all over the world.

Some other very interesting facts include:

“Udemy has attracted more than three million students to its platform cumulatively, since launch, and 8,000 teachers who have published courses to date. Course content runs to 16,000 courses at present.”

Source: http://techcrunch.com/2014/05/08/udemy-series-c/

If you have experience, a skill or knowledge of a certain topic and want to publish a course for ongoing, residual income, I’ve created a detailed, step-by-step course that walks you through the process and shows you exactly how to do it.

It’s titled: “Insider Secrets To Making Money With Udemy” and is receiving rave reviews.

Check out my new Udemy Publishing Course here: https://warriorplus.com/w/v/snpck1/blog