Passive Income? — SteemCN

It's Wednesday and the week looks to be good.

Got a question about Passive Income

So on one of my social media accounts, CashJuice, I got a question about Passive Income.

And it's such a large area to cover, so I decided to make a post about it, so this is for you Hector.

What is it, and how to create it?

But before anything else let's define what Passive Income is.

In it's most narrow description the only thing that would qualify as a passive income would be to park your fortune in an index-fund.

In it's most broad description it could be anything that let's you earn money without switching time for money, despite the fact that you have to work for it.

And as in any case the definition lies in the eyes of the beholder, there could be as many definitions as there are people on earth.

So what was asked for specifically was, "system, method of products", so let's look at that.

And as CashJuice is a social network for Affiliate Marketers, that's another parameter.

But I would not call it Passive Income, rather Leveraged Income, since it's decoupled from the money for time scheme, but you do still have to work for it.

Now what tool do an affiliate marketer need more than anything, and has to pay for upfront with a subscription, and there are no real free alternatives?

An autoresponder.

Every other tool in the affiliate toolbox can be had for free, but not the autoresponder.

So therefore the autoresponder is always at the very center of that business, both as a tool and as an income opportunity through an affiliate program.

And as we all know that Paypal have not been very nice to affiliates lately, let's just exlude every autoresponder that has anything to do with them, and to my knowledge the only real thing left is AIOP, they do not accept Paypal but many other alternatives including crypto.

And I have even made an ebook on how to setup a list with AIOP, and you can also consult my Mobile Cash Formula for free ways to earn the cash needed to pay for the autoresponder, before it pays for itself.

The next thing a list needs is leads and for that you need traffic, and in CashJuice you already have links to 4 traffic exchanges that should get you started, and I would also add LeadsLeap since it has so good conversion ratio.

But traffic exchanges are very time consuming, so only use them to get traffic instantly.

PTC traffic is a much better alternative, but requires some time to build up momentum, so is perfect after the first period with traffic exchanges.

These PTCs are top of the line and you only have to watch 4 ads per day in each to earn referral commission, takes about 5 minutes.

Just use whatever funds you earn in these PTCs and make ads to get traffic to you landing pages, they have very good conversion, and once they take off so do you.

The next and may I suggest most important part is you, and more specifically your blog.

I have my blog here on Steemit, and the best part about that is that it's just so much more than just a blog, it's community and connections and social media, plus crypto (Steem), and you even earn money by posting and interacting, even though I would recommend that you make an initial investment into Steem Power to take full advantage of it.

Post and interact every day and you will see great results in a very short amount of time, and I would also recommend that you watch the instructional videos in SteemSavvy by @jongolson, free to join.

After that it's time to leverage your cashflow to elevate it higher by reinvesting 100% into the tools that you are using, upgrades and so on, and do so until you reach 2 times the cashflow needed to cover the cost and only use the cash that you make to do so.

That will get you better utility from those tools and speed up your traffic, leads and referrals, plus you will also earn higher commissions on everything.

After that you apply the 50/50 rule and expand with 50% of your cashflow and cash out the other 50% as profit for your own personal residual income.

And you expand by adding tools and programs that add usable value, and by that I mean the benefits of them apart from their affiliate programs.

Do not try to sell a compensation plan, that's not sustainable, only add things with real value, things that you might even pay for even without an affiliate program.

They should also complement and elevate what you already have, everything links back to the start and expands outwards.

Just keep your eyes open, and do your research, and you will get it right.

And now just put everything written above, and put it in your own rebrandable ebook, and use that ebook as a lead magnet to build your list, your downlines, and your income.

Now do remember that's also just the first step, find other angels to use, but keep it simple, if you feel that you want to add too much just make another ebook instead.

So that's about it.

Thank you for reading, follow and like if you do, and have a nice day.

Sincerely,
Erik Gustafsson