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5 Greatest Benefits of Passive Income – Which One Is Your Favorite?

According to Wikipedia passive income is an income received on a regular basis, with little effort required to maintain it. In other words, you are getting passive income. You don’t need to work almost at all to get money. In this post, we are going to have a look at 5 benefits of passive income. I will also reveal to you how I earn money online on “autopilot”.

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How to Earn Passive Income Online? – Video

Before we dive into the article I want to give you an opportunity to take a look at my video where I explain the benefits of passive income and how you can earn it as well. I believe you will find this helpful and valuable. Enjoy!

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Why is passive income important? Here are the 5 reasons.

1.You can provide value for more people
2.It forces you to learn
3.You have more time available for other things
4.Live anywhere you want
5.No income limits

Would you like to learn to earn passive income online? I earn money while I sleep, go for a walk, chat with my friends or lay on the beach.

=> Start a FREE Step-By-Step Training to Earn Passive Income Online! (I Use This Myself.)

Numerous people who have gone through that training are nowadays earning a full-time income online and having a freedom to live wherever they want and work whenever they want. Some people went even from $0 to $10,000/month without prior knowledge. NOTE: Of course it required work and persistence but over the time course it pays off.

Anyway, let’s discuss now more in detail about the benefits of passive income

1.Value for More People

If you want to earn money you need to offer value for someone. If you are an employee you are providing value for your boss and his customers. Then the customers pay your boss and the boss pays you and takes a little for himself.

Usually, if you want to earn the passive income you need to sell something. Rent a property, sell books, sell movies, sell music, sell other products or services which don’t require your own time anymore or sell investments when the value has gone up.

We all have 24 hours/day. If you want to counsel 100 different clients every day it’s almost impossible. But if you write a book or create a website you can counsel 100 000 people every day if they read your book or visit your website.

Or you can make a great song that serves 1 000 000 persons all around the world. Once you have made the album people can buy it and you get passive income.

2.It Forces You to Learn

Let’s face the fact: earning active income, in general, is dead easy. You send a job application, go to a job interview and get applied. Then you start doing what your boss tells you to do and he pays you. You are just required to do what your boss says but nothing more. (Okay this is a bit simplified but you understand the point.)

But if you want to earn a passive income you usually have to learn some skill before you can earn it. There are many different ways to earn passive income but probably one of the most common ways is to have your own business.

When you have your own business you need to be interested in your own subject and provide value for other people. Then you need to learn marketing and selling. Of course, you can outsource many things but most of the time having business forces you to face and learn many things that you haven’t ever faced before.

3.You Have More Time Available for Other Things

Let’s say that you are working 40 hours a week and sleep 8 hours a day which makes 56 hours a day. There are 168 hours in the week so you are awake 112 hours a week. That means that you are working over 35% of the time you are awake.

If the travel to your work takes 30 minutes back and forth, then your work requires over 40% of your time. THINK HOW MUCH THAT IS! Add the time you think and talk about your work with your friends. It means that work takes the half of your whole time (and life).

Do you want to learn new skills that you are not practicing at your workplace? Do you want to study some interesting subjects but you don’t have time because of your work? Or are you bored with your actual work? If you answered yes, then passive income could be a good choice for you.

4.Live Anywhere You Want

Do you want to travel, dive into new cultures and live anywhere you want? When the income you made doesn’t require your presence you can choose where on this planet you want to spend your time.

Online businesses are a great example. When you have a laptop and internet connection you can connect if it’s required.

I just want to mention that there is no 100% passive income. If you buy and hold stocks then it’s probably 99,5% passive income. and if you are renting houses you still need to find a tenant and see that he has paid the rent.

But compare for example if you are driving taxi and earning commission of your shifts then it’s 0% passive income.

5.No Income Limits – $10,000/Month? No Problem.

There are 24 hours a day. If you earn $50/hour (which is a lot over average) that makes $400 in 8 hours. If you work 14 hours that makes 700$. But there’s actually a limit. Your income limit is $700/day (given that you can work 14 hours a day).

But when you are earning a passive income you can earn $10 000/day because work doesn’t require your presence. Warren Buffett earned $37 million per day! in 2013. Let’s compare $700 and 37 000 000$. Is there a little difference? Which one would you prefer?

If you are working only for active income there always will be some limits. If you earn $20/hour the limit is 280$/day.

Instead of going to study 5 years university degree (and get a student loan) could one possibly be to build a business and start earning passive income?

Summary – Everything Is Possible for You!

Earning passive income is highly beneficial and recommendable. By earning the passive income you can provide value for millions, learn a lot of new things, have more time do the things you want and live anywhere you want.

Remember that earning passive income doesn’t mean getting rich overnight. It usually requires a lot of hard work and studying before you start earning it.

If you are interested in earning passive income through online business I recommend to start in Wealthy Affiliate

 

What do you think about passive income? What are the greatest benefits in your opinion?

I would love to hear from you in the comments below.

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“How to Get More Visitors to My Website?” – Start with This!

Probably every online entrepreneur, blogger and affiliate marketer are asking themselves “How to get more visitors to my website?”

That is the crucial question because visitors are the key to earning online revenue and passive income.

Today I’m going to share what is the most important factor when you are attracting more visitors.

Content is king!

Content, content and content. The most uccessful online entrepreneurs talk over and over again about the importance of content. That is the key to success online.

The content of your website is your asset. When you have your own domain, you 100% own your content. But first a quick question.

“What is content?”

Content can be 700 words blog post, 3-minute video, appealing images, training tutorial, product review or anything between. (Extra tip, How to Make Your Content User-Friendly? 6 Tips for the Readable Text)

 

What Should be the Purpose of Your Content?

Some people think this way, “I want to earn money online. Okay, I’ll just put some fancy ads on my website. Then I do some social media marketing probably and the money will flow to my bank account.”

Nothing could be further from the truth.

The purpose of your content must always (ALWAYS) be adding value to people’s life. To fill some of their needs, help them, make their life better and so on.

For example, the purpose of my website YourOnlineRevenue.com is to help you to start earning money online. I provide tips and 1-on-1 mentoring for everyone who needs help on any subject related to earning money online.

The focus of your content must be helping people.

“You can have everything in life you want, if you will just help other people get what they want.” -Zig Ziglar

The Content is Your Most Valuable Asset

The highly successful online entrepreneur Jeff Bullas stated that the valuable content really attracts visitors to your page.

Once you have valuable content on your website, people are willing to share your pages with their friends, in the social media and they begin to trust you more.

As you have your own domain, the ownership of your website’s content is totally yours. When you add something to Facebook (or to other social medias) you always need to follow their regulations.

But in your own website you can do whatever you want. (And remember to provide value)

Think your website as building a house. Brick by brick it becomes more and more valuable. When you add more content to your website, the value of your asset rises.

It becomes more and more beautiful house (website). More and more people are willing to visit your house (website) and they are inviting their friends there also.

Solve Problems, Help People

Solving problems work.

People are searching on the Internet help for many things.  “How to earn money online?” “How to learn languages faster?” “How to boost my business?” “Which guitar should I buy?” and literally anything.

There are many answers that people want to find.

If you can provide the good answers for the people’s problems I can guarantee that you have the keys to success in your hands.

When someone is frustrated without finding the answers you can come and help him/her. Nothing works better that real helping.

Give them language learning tips, provide help with their business, help them with the music instruments. What is your strength? Use it!

ONE EXTRA TIP: Provide the Information That Other’s Don’t Bother to Giving!

Your content will compete with all the other content on the Internet. Why would people choose to read/watch your content? Probably you have done well SEO and now it can be found easily. But do you know what is probably the most powerful way to get visitor?

The most valuable content is something that other’s don’t provide. If you find the problem without an answer on the Internet you can jump because of the happiness.

There is your chance to succeed! Give valuable answers for that problem and you will succeed.

Let’s say that you have struggled with something before in your life without finding an answer from the Internet. Then you figured out the way. Now, share your tips for the others! They can be ultimately valuable.

Learn More about Content Creation

I have learned the importance of content creation from Wealthy Affiliate. I realized that actually all of the successful online entrepreneurs talk about the importance of content.

Wealthy Affiliate is an awesome training community which provides awesome training and tools how to create valuable content and how to develop all the time.

Read for example:

Get GOOD at Writing Content (By the guy who earns more than $10,000/month online).

Two from the founder of Wealthy Affiliate. Online millionaire.

You Want Online Success? It Starts With Brute Force (One of my favorite texts!)

and Writing Out Themed Content.

This one is impressive: Over 10,000 Visits in a Week – Importance of Content Creation to Convert.

I really hope that these tips will help you to create valuable content and get more visitors to your website.

As you persistently keep on adding valuable content to your website and do your SEO, the visitors will follow.

What are your favorite ways to get more visitors to your website?

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How to Make Your Content User-Friendly? 6 Tips for Readable Text

The #1 purpose of the good website is to provide value for the readers. But how to get readers? With valuable and well-written content. No one will get value from the site if no one reads it.

To get the visitors read your content, you need to make the content appealing. One important thing is to add relevant images. But today we concentrate how to make your text look good.

6 Tips for Readable Text (confirmed by an Online Millionaire)

(1) Use Small Paragraphs
(2) Separate Your Ideas With Headings
(3) Use Black Text (or Dark Grey) on White Background
(4) Use Conversational Speak
(5) Choose a Relevant and Captivating Headline
(6) Use Relevant Images

(1) Use Small Paragraphs. People in internet don’t want to read long paragraphs. People are used to read small snippets like maximum 140 characters in Twitter.

Sometimes people just skim through texts and blogs without reading them carefully. If your paragraphs are short, they are easier to skim through.

One sentence paragraphs are totally okay.

Got it? 😉

(2) Separate Your Ideas With Headings. As you can see in this text for example I have separated different ideas with subheadings. It’s easy to see when the new idea starts and when the other ends.

Separating your ideas with headings helps navigating. Another benefit is that good sub-headings can captivate the reader for the longer time in your website. Good headings leave the reader curious.

(3) Use Black Text (or Dark Grey) on White Background. You don’t want that your website looks like a circus show.

What do think about this? Do different colors give me authority? No.

Black text on white background is easy-to-read and it looks more professional than many different colors.

You can exceptionally use a bit of some colors like I have done in the end of my reviews. But only exceptionally. Don’t overuse colors. Black text on white background is cool and effective.

(4) Use Conversational Speak. Lay back. It’s just you and me.

Don’t use too formal text. People want that the text is easy to read and understand. Usually the best teachings are so easy that even a child can understand the message.

Usually You-form is the most effective because then the reader has the feeling that you are talking right to him/her.

(5) Choose a Relevant and Captivating Headline. You want people to read your text. You need to captivate their attention with the relevant headline.

Don’t tell everything in the headline. Leave people a bit curious. But say something that they are would like to hear. If your website’s theme is fitness and healthy lifestyle, great headline could be for example “How to get fit in two months?” People want to get fit fast and they want to know how to do it.

(6) Use Relevant Images. People are visual by nature. We get used to images already in the childhood when our parents read us children’s books.

Great images make our content more lively, it helps to remember the text better and it makes the whole website more appealing. (How to find free images.)

Summary

These six principles are great guidelines for you when you are writing texts. Remember, there can sometimes be exceptions but by using these principles your text will be very user-friendly. Your visitors will spend more time on your website and you will get your message through.

(1) Use Small Paragraphs
(2) Separate Your Ideas With Headings
(3) Use Black Text (or Dark Grey) on White Background
(4) Use Conversational Speak
(5) Choose a Relevant and Captivating Headline
(6) Use Relevant Images

I hope you found these tips helpful! If you have any comments or questions, please don’t hesitate to leave them below.