Welcome to the Passive Pursuit of Income Blog, where you now have the privilege of reading the first report of my online money-making efforts. Unfortunately, there aren’t going to be any numbers reported here, because I’ve been at this for less than a week in all honesty. Nevertheless, I thought it would be a good idea to explain my approach and methodology, so here’s a little about what I’m doing and how I’m doing it.
When I began looking at the idea of passive income in earnest, I did my research (as almost everyone does these days) online. After wading through all of the get-rich-quick fluff, I started noticing a trend: a good number of people were stating that online article-writing was a good launching pad for getting started and building passive/residual income. (I know that they’re different, but for purposes of economy I will use “passive income” and “residual income” interchangeably.) Since I consider myself a writer at heart, this was right up my alley.
In terms of revenue-sharing sites, I heard a lot of names mentioned, but the site that everyone seemed most-satisfied with was InfoBarrel. They have 75% revenue-sharing and good word-of-mouth, so I decded to cast my lot with them.
In addition to InfoBarrel, I also heard good things about a question-and-answer site called WebAnswers. On this particular site, questions are posed on a broad range of topics, and anyone who has signed up on the site can answer any question. Your goal on is to have your answer selected as the “Best Answer,” which will earn you a greater percentage of revenue. To be frank, however, the revenue-sharing here is a little more difficult to explain, as the site apparently uses some sort of algorithm that takes into acount various factors (including your level of participation on the site) in determioning what you earn. Still, I like the concept and am on board.
So, as of right now, my online money-making efforts are limited to the following:
I hope they start paying soon. Wish me luck!
(On a side note, I should mention that I have published two books since August – another attempt to get some residual income flowing – but neither is really selling. In truth, however, I only did some limited marketing with the first and haven’t marketed the second at all.)