Before you get serious about generating a passive income online, you need to understand the myths that surround it. There are some myths that you need to know about and be prepared for. We believe in bringing you the truth so that you can make the right plans.
Generating Passive Online Income is Easy
You have no doubt seen some of the claims made by unscrupulous vendors that are trying to sell you the latest dream. “Work 4 hours a week and make six figures”, “set it and forget it passive income” and “the no stress way to an online fortune” are all classic variations on the same theme.
Well, the truth is different from this. To make a reasonable level of passive income online, you will need to put in a lot more than four hours a week and concentrate your efforts entirely on the task at hand.
The easy ways of making passive income have gone. People that made a lot of money writing articles for products and publishing them on ezineartciles.com is a thing of the past. Buying that keyword rich domain name and ending up on the first page of Google for a great keyword is also gone.
Today it is all about providing value and producing quality content. Money talks and if you have a budget for advertising then this will help. But you can’t send your visitors to sales pages and expect them to buy straight away. People are a lot savvier than they used to be.
You need to be prepared to roll your sleeves up and make your effort investment now and be ready to wait from 6 months to maybe two years to get a good return. If you are not prepared to do that, then passive online income may not be the right strategy for you.
You have to have good Technical skills
A few years ago this was true to a degree. Installing websites, setting up autoresponders and other essentials were quite technical. These days everything is easier for the average person to succeed. There is no need for you to know and understand HTML or any other kind of coding to launch a passive income business online.
Rather than be concerned about your technical knowledge, it is better that you concentrate on developing skills where you can connect with people and build good relationships. Some successful marketers do not have a clue about the technical stuff making very good money.
You have to be an Expert to make Passive Income
A lot of people believe that because they are not an expert in a niche that they will never be able to be successful with passive online income. Yes, it is great to be an expert and dominate your niche, but do you really think that all of those people making good passive income are experts?
No, they are not. They certainly know their subject, but you can learn all of this. There are many examples of people making money from niches that they know or knew nothing about. You just need to be prepared to research. Knowing more than the average guy is a good place to be.
Selling products to people is a Sleazy act
This is just a state of mind. There indeed are some sleazy sellers out there who peddle dreams and false hopes. But there are also a lot of sellers that provide great value to people with their products and services.
You need to be one of the latter. You want people to buy your products and then send you glowing testimonials about them. If you don’t fall for the “quick buck” mentality, then you will be on the right track. Always provide value and high-quality products.
Only good writers will succeed
The thought of writing all of those blog posts and offer letters is just too much for some people. They are not confident in their writing ability and do not like the idea of having to create all of that content.
The truth is that you do not need to be a professional writer to make passive income. OK, you need to be able to get your thoughts down on paper, but it doesn’t have to win any literary prizes. The ability to get your point across is all that matters. If you have more money than time, you can outsource a lot of your content writing.