Online passive income is what almost every internet marketer strives for but very few actually achieve. According to the ever popular Wikipedia, passive income “is an income received on a regular basis, with little effort required to maintain it.” Naturally, an online passive income is when you’re able to do this online.
They say that the money is in the list and for a lot of people that is true. Not me though because I don’t shove affiliate products down my subscribers throats. I’n sure many of you have subscribed to one or two yourself and you’ve probably noticed that you get the same offers from different people arriving in your inbox at roughly the same time. Some of these people have huge lists and probably do rather well at it. The question is, is this what you would call a true online passive income?
I would say the answer to that is no. Why? Because they have to continually look for products to sell to their subscribers. If they didn’t their money would dry up and they’d have to go back to finding a real job. They also have to find more bait to grow they subscriber base as they drop off from being continually bombarded with crap email.
Online Passive Income A Reality
The only way to find a real online passive income is to have something that people are willing to pay a monthly subscription to. This is not easily done. Andy Bailey is trying his hand at it by getting people to subscribe to updates for his commentluv premium, which I wrote about in this post. If you were smart you would have taken the opportunity of paying for the plugin outright, as I did, with lifetime free updates.Unfortunately, that opportunity is now gone.
I found an easier road to online Passive Income by starting up my online lotto site. This is because people who buy lottery tickets do so on a regular basis. Either weekly or less often if they’re the sort who only follow the jackpots. Like the current EuroMillions jackpot which is now worth €185,000,000! I wrote about it in a post called How To Buy EuroMillions Lottery Tickets Online. The Logo Creator has come into it’s own helping me to create my own advertising material, as you will see in that post.
I don’t know why I didn’t think about this sooner. I used to have a deli with a lottery agent that used to serve the local community. The commissions from my lottery sales used to be over a thousand dollars a week! As an online agency my potential market is no longer the local neighbourhood but the world! All I have to do is to get people to join one of several online lottery agents I am affiliated with. Why so many? It’s all about giving people choices, which I wrote about in a post called Choices? Should You Give Customers More Choices? If they join any one of those online lottery agents they become my customer for life and every time they buy a ticket I get a commission.
The beauty of it is you don’t even need a lottery site to become an affiliate. I first started making money selling lottery tickets on this very blog by linking to Oz Lotteries in the sidebar. It’s actually still there. The beauty about that banner is it always shows the current jackpot!
Talking about jackpots you really notice your money grow when one of the world’s lotteries jackpots to a huge level, like the current EuroMillions and the previous US PowerBall which was well over $600 million! You can become a lottery agent by joining one, or even several as I did, of the the sites listed on my Lottery Affiliate Page. You get enough customers under you and you will be on your way to a real online passive income!
This is real passive income! Firstly because as they join they become your customer for life and secondly, and this this is the best part, you never have to send them emails to remind them to get a ticket. This is handled by whatever online agent they decide to join. There are times when they even offer incentives to sweeten the deal. Remember at the beginning of the post when I told you what the meaning of passive income was? Passive income “is an income received on a regular basis, with little effort required to maintain it.” That’s exactly what you get when you have people who [highlight]want to buy their lottery tickets online[/highlight] join as your customers!
In case you’re interested in increasing your knowledge about generating a passive income, here are some more resources.
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