Creating passive income is a truly worth while pursuit. It is so rewarding seeing the $0.05 click in your account, or better yet a sale or two from Clickbank. It feels like you are on top of the world and that nothing is out of your reach.
But then reality returns and slaps the crap out of you! All of a sudden Google bans your account or your niche site gets de-indexed! What then? Do you give up or do you power through it and see if you can make a real run at this game?
In order to be successful there are many things that have to go right, and you have to get a little lucky. There are also a few things that you should not do. Here is a list of rules I think people should follow when trying to create successful passive income streams.
5. Do Not Fail to Diversify - Everyone has heard the old saying 'don't put all your eggs in one basket'. The bible puts it this way:
Give portions to seven, yes to eight, for you do not know what disaster may come upon the land. Ecclesiastes 11:2
There is nothing wrong with adding a little focus to your online efforts; whether it is writing articles for eHow or creating your own educational eBook empire. There are certainly many success stories out there. Problems arise, however, when you put all of your efforts into something that may not last. If, for instance, you were earning decent money on Squidoo promoting weight loss products then lately you have had the rug pulled completely out from under your feet!
4. Do Not Quit Your Day Job - Let face it! Most of us will not make it as full-time internet marketers. While I would like to believe that I am smart enough, dare I say even driven enough, the reality is that more than 90% of us will fail. Of the 10% who do not completely fail, perhaps only 1% will ever make enough money to sit around in their PJs sipping cafe lates and watching Oprah.
And by the way, those stupid sales pages that convince you if you purchase their product you could be working from the beach....who the heck wants to work from the beach? Certainly not I!
3. Do Not Follow the Crowd - Jennifer, over at PotPieGirl (who is absolutely brilliant), teaches us not to follow that shiny new penny. While this is the most difficult thing about learning internet marketing, she is definitely right.
Pick one plan and follow it to the letter. If you have not checked it out yet, I HIGHLY recommend Jennifer's latest product ONE WEEK MARKETING. Of all of the things I have tried, this has been by far the most successful. In fact, I am currently going back to the basics, by combining OWM with good old fashion keyword research! The good thing about using a product like micro niche finder is that all of the work is basically done for you. Then all you really have to do is concentrate on creating quality content.
If you are considering purchasing Micro Niche Finder, please do so through THIS LINK!
2. Do Not Spread Yourself Too Thin - Most of these marketing techniques will work to some degree. If fact, I would argue that if you would give each technique a real chance (say 4 weeks worth of effort), you would experience much more success than you do now.
I am so guilty of not following this rule! Instead of sticking to OWM campaigns, I got into sniper sites and keyword snipes and backlinking campaigns and article marketing campaigns etc etc etc! Now it takes me half an hour to figure out what site I want to work on each night, instead of simply concentrating on completing more content!
1. Do Not Give Up - If this is your passion, you will make it work. Give up now and you will never know if you could have been part of that elite 1%.
A wise man once told me that if you do what you love, you will never have to work a day in your life.
This is so true. Start working on things that make you happy. Make sure you are giving other areas of your life sufficient face time and remember that kingdoms built on earth will not last, but the grace of the Lord will last forver.
Thanks for stopping by and have a great evening!
Dusty
