Passive Income

Why pay hundreds of dollars for an internet education when you can get one for FREE.

Many people have been emailing me asking where I have been.

To be honest with you, I have been out there putting in the effort that is needed to really change my financial life. A few months ago, I only dreamed about making money online. The problem was that I had no IT background, no money to spend learning everything you need to know, and no real focus. Fortunately for me, I stumbled across the Newbie University while wasting time of the Warrior Forum (one of my former bad habits).

In case you have never heard of Brian Zimmerman allow me to introduce him. Brian is just a normal person like you and me. He is not some guy that claims to make millions online each month, nor he is one of those gurus who tries to sell you something everyday. He is a guy that has learned from real life experience how to make this stuff work. And the cool thing is he shares it with us for FREE.

The is no catch. No hidden membership fees. No products to buy, etc. Brian simply provides a wonderful forum in which internet marketers of all abilities are able to ask questions, get feedback and make money online. Every other week Brian holds a 2 hour webinar which focuses on specific ways to make money. Again this is ALL FREE.

You guys know me by now. I do not tell you about stuff that is crap or that I have not personally tried.

If you have ever wanted to learn how to really make internet marketing work, The Newbie University is the perfect place to begin. With over 10,000 posts and hundreds of people joining every month, you are sure to find the answers to anything you are looking for. Even if you are a seasoned veteran, the community is a tremendous place for you to give back and help others in need.

Join the Newbie University Now!

Disclosure note – While joining TNU is 100% completely free to you, if you join through any of the links above I will receive a small commission. The cool thing is that once you join, you can do the same thing. So please, if you are going to join do so through any of the links posted on this page.

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In January, I decided to try my hand at creating additional streams of passive income. It all started with eHow and slowly progressed to other avenues such as Today dot com (aka The Biggest Scam on the Internet), Bukisa (worthless waste of space), affiliate marketing (aka Clickbank) and Infobarrel (my new favorite place to write). This afternoon, I decided to compile a simple profit and loss statement to see how I have been doing, and let me tell you….IT AIN’T PRETTY!

I knew that I was not making much money, I just did not realize just how truly pathetic it really was. This has got me thinking about whether or not it is even worth the effort to continue building these income streams. I do, after all, spend a ridiculous amount of time online writing articles, making landing pages, etc. I would be better served working the late night drive through at McDonald’s. At least then I could take that money, invest in a solid dividend paying growth stock and spend more time with my wife and son.

Fortunately (or unfortunately), I am not the type of guy that gives up easily. Nope! I am too hard-headed for that. I am, however, going to set some income goals for the next six months. If I am not achieving these goals by December 31, 2009, I am done – completely done with writing articles, promoting affiliate products, etc. The only thing that will continue is Chasing The Bull, and maybe Experimental Blogging.

I have spent way too much money chasing the newest technique. I should have stopped with One Week Marketing, since that guide actually works, but I could not help myself. As such, I will not be purchasing ANY new eBooks, courses, training manuals, etc. I will take the ones that I have already spent good money on and make them work. No exceptions!

Additionally, I will continue to write for sites that I know make me money. Currently, these include eHow and Infobarrel. I will continue to use Squidoo and Blogger blogs to promote some affiliate products and will create a few Hubs over at HubPages. Each of these will get one day per week maximum, so that I can properly diversify my passive streams of income. Finally, I am going to begin creating a few niche sites that should take about 4 to 5 hours each to complete. Each of these sites will be a few pages of quality content that provides useful information and points to an affiliate product or service.

By the end of December, I want to be making the following monthly income (from passive sources):
Affiliate Sales: $250
Ad Revenue: $50
eHow: $125
Misc: $75

$500 a month should be an attainable goal for me. While many internet marketers would scoff at such low goals, $500 per month would help me pay off my mortgage 15 years earlier. ChasingTheBull, is after all, a blog about personal finance, investing and passive income. It is time to put up or shut up!

What about you? Are you achieving your online goals in 2009?

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To be perfectly honest with you, I am a terrible typist. I pretty much use three of four fingers and kind of jab at the keyboard. Even then, I spend most of my time hitting the ‘Backspace’ key to correct the hundreds of errors I continually make. Since I am trying my hand at article marketing, this simply is not a good experience.

Each article, or post, takes forever to complete. I bet that I cannot complete a 300 word article in less than 30 minutes. So frustrating!

I am think about trying Dragon NaturallySpeaking.  Using this software, I could simply speak into the microphone and have the computer do all of the typing for me. I am certain this would free up hours of time for me to complete even more articles. The problem is, I do not know anyone who has ever tried using anything like this. Of course, I could read the reviews on Amazon, but most of the time when someone leaves a review they either really like the product or really hate the product. I just want to know what the average user thinks.

If you have ever used Dragon NaturallySpeaking please leave a comment and let me know what you think. I would truly appreciate it!

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