Last year I wrote a report on how you can create a $1,000 per month passive income stream all in your spare time and decided to give it away for free as an incentive for readers to sign up for my blog updates.
A year later I was reviewing my analytics and learned that many readers are subscribing without downloading this report. While I am extremely delighted to learn that the content on this blog alone is enticing readers to subscribe to updates stay connected, at the same time I feel that some readers are missing out on invaluable information that is packed in this free report.
I wrote the report myself over several weeks, pouring everything I know about creating a niche website that generates at least $1,000 per month in passive income.
I make most of my passive income online, and that income is comprised of over 20 different websites, all of which operate on mostly a passive basis and generate at least $1,000 each (with the exception of a couple), and the methodology applied in building these do not differ much.
The report is an attempt to provide a step by step road map to how you can achieve similar results. It is a practical case study using one of my niche sites as an example.
Since publishing the report however, several changes have taken place with the major search engines we use today. And while some of the marketing methods have changed, the fundamental approach of building a long term business online hasn’t changed much.
Note: Many readers choose to sign up, get my free report and unsubscribe because they prefer reading via RSS. That’s totally fine too, you just may miss out on free giveaways and contests that I will continue to host via the newsletter update method however. You can see one of the giveaways here.
I created this report because many of my own friends started asking me what’s the best way to start a business that could generate some extra income on the side.
Most of these folks were successful white collar professionals. They weren’t really looking for the next big idea so they can quit their jobs. Rather, most were happy in their careers and merely wanted just an extra $1,000 on the side to play with.
Why was I always consulted? Because I have always been way ahead of my peer group in terms of financial success, and one way I was able to achieve that is by starting multiple side businesses, which I believe is the best tax planning strategy you can engage in.
Many people simply do not realize how much of their money they are losing to taxes, which is your single biggest expense (it’s not rent, it’s not food or clothing either).
When I started this blog in late July of last year, I wanted to offer a free report to give my readers a reason to subscribe to my blog updates. I thought what better way to convey everything I know, have done and stand for, particularly for already successful and busy professionals who are looking to make a bit extra on the side.
This is not to say that you can’t apply the information in the free report to start an online business that can someday replace your job. You certainly can. But for those that want just an extra 1, 2, 3 or more thousand dollars per month, this report will provide you with one way you can achieve that goal in a step by step and practical manner.
Whether your goal is merely to establish one passive income stream on the side, or replicate the process to establish multiple streams, or to start an online business that can someday replace your job, I highly encourage this report because it discusses a method by which you can accomplish either one of those objectives.
Having said that, most of my websites are niche websites in that they passively generate income every month.
I had set up these websites and left them alone after conducting some initial marketing activities.
I did this because I wanted to establish several income streams on a “set and forget” basis.
Several weeks ago however, I started a web based business which I consider to be a long term, authority site that I plan on updating and building on a regular basis. This is the kind of a project that can someday replace one’s full time income from a job or career. I am doing this because I am very knowledgeable and passionate about the topic I am establishing the business on.
I am also doing it to get the experience necessary to be able to talk about the method in more detail, and learn what works and what does not. I plan on discussing this method in more detail in the coming months as the business evolves in the Authority Site Duel portal.
If there is one thing I have learned in the few years of doing business online, it is that creating just a $1,000 per month passive income stream in your spare time is not as difficult as you may think if you follow a tried and tested process that works. I dissect just one of many processes by which you can achieve such a goal in my report.
There are many other methods you can follow to achieve similar results. One such method is Adam Short’s Niche Profit Classroom, which teaches a methodology that I’ve also tried and proven it to work. The important thing is that you pick a method you are comfortable with and follow it without getting too distracted and interrupted in the process.
Note: I am an affiliate of Adam’s course and used it to establish some of my niche sites. I feel his course is still pretty solid years after launching it. He can certainly update his keyword research methodology to further improvise it.
You can download my free report here. Please let me know in the comments section below if you have any questions as you go through the material that I can help with.
If you’ve already read it, I want to know what you think of it? Are you more interested in creating a single or multiple streams of passive income in your spare time, or are you more interested in an ongoing and long term online business on a topic you are passionate about that may potentially replace your job one day? What is your main motivation for either approach?Previous: How to Find Your Niche or Subject for a New Internet Based Business