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Great Revenue-Sharing Resources to Kick-Start Your Passive Income Stream

I’m still fairly new to the passive income game, but I’ve been fortunate in that I found a lot of great resources online that steered me in the right direction.  For instance, all of the positive reviews I found about Q&A site WebAnswers convinced me to sign up and I’ll be forever grateful that I did.  Within a week of joining I was earning income and have continued to do so almost every day since.  (It’ s been about one-and-a-half months.)

Likewise, I think article submission sites like InfoBarrel are untapped gold mines, and so are many of the social bookmarking sites.  With that in mind, here are the sites I think will play a major role in the development of my own passive income streams, and hopefully that of anyone else just starting out:

 

 

***Please note that many of the links above are affiliate links, which means that I will earn a commission if you purchase products or services via the links I have provided.  More information about these products and services is available on my Resources page.

Aside from WebAnswers, these are all either article submission or social bookmarking sites.  Moreover, they’re giving 60-100% of the revenue to the writers.  This strikes me as a pretty good way to earn some money.

 

Getting Started Earning Passive Income

I think it’s a given that almost everyone would like to earn extra income.  Even more, I think everyone would prefer to earn passive or residual income.  That is, extra icome that doesn’t require continuous effort.  Since that’s we’re all about, let’s get started.

The first page your passive income playbook has to be setting up a Google Adsense account.  Almost everywhere you go online, just about all earnings will be through Google Adsense.  In fact, for online income purposes, it’s going to be like your Social Security number:  every revenue-sharing site will ask for it, and you’ll need it just about everywhere you go.  That being the case, you may as well try to get it as soon as possible.

Next, you have to decide the manner in which you want to start earning.  There are a lot of revenue-sharing sites out there – especially for article writing.  In fact, article writing should absolutely be one of your passive income streams, but I’ll talk about that more a little further down the road.  Right now, in terms of getting started and earning quickly, I like WebAnswers.

For those who don’t know, WebAnswers is a question-and-answer site, whereby you can earn money for both asking and answering questions.  (The site implies that being paid for asking questions is a limited opportunity, but I haven’t heard anything about it going away yet.)  You have to sign up (it’s free) and answer 50 questions first (not in one sitting), but after that you’ll be invited to join Adsense and/or enter your Adsense ID.  From that point forward, you can start making money.  Personally, I dragged my heels in terms of answering the 50 questions, and I still started making money within about a week. I now earn money on WebAnswers practically every day.  (One caveat:  the algorithm used to calculate what you are to be paid is not publicly known, so predicting earnings with any degree of accuracy is probably going to be difficult initially, but after you develop a history of earnings you’ll probably better capable of estimating what you will be paid.)

 In short, it’s my suggestion that you get started by 1) setting up and Adsense account and 2) Sign up with Webanswers to start earning asap.

At Last, InfoBarrel Earnings!

I am please to report that I finally have some InfoBarrel earnings.  I was starting to get a little antsy because WebAnswers is earning for me just about every day (even my niche site is starting to generate cash), so this was just the mental and emotional boost  needed.  The earnings actually occurred one day last week ($0.83); you can read my InfoBarrel article on it here.

 

My First Earnings!!! (October 2011 Report)

I am, naturally, completely ecstatic to report that I have my first online earnings!  I earned $5.89 from WebAnswers during the last week of October!  Of course, this isn’t a lot of money, but it’s inifinitely more than I was earning online a week ago.  I’m hoping it is the shape of things to come. 

It looks like I started earning about a week after I joined WebAnswers.  You have to answer 50 questions before you can start earning, and I kind of dragged my heels doing that (I was focused more on writing articles) so I assume I could have started earning earlier – probably not the first day, but maybe by the second or third.

Speaking of articles, I now have 10 on InfoBarrel.  I haven’t earned anything yet, but I haven’t been writing based on keyword research or anything like that; I’ve more or less been writing about topics I feel like writing about.  I assume thatwhen I start writing content that people are actually interested in, the earnings will come.  Plus, I’ve heard that you need to have a decent number of articles out there before you start seeing money come in.  (Just between us chickens, my original plane was to write 3 articles per day so that at the end of a year I’d have a thousand of them out there generating income.  needless to say, I am woefully behind schedule.)

In addition, I started a niche web site which I am still in the process of getting fully off the ground.  I don’t have a background in technology, so I was more than a little terrified that I was going to mangle things beyond belief, but I got great support from a lot of areas, including Bluehost.com, which I’m using for all of my web hosting.  I have found Bluehost to be extremely service-oriented and have received nothing but outstanding support from them (which came in handy as I was setting up).  Following my experience with them, I became a Bluehost affiliate. 

That said, here are the current potential sources of income I’m relying on to build up my passive revenue streams:

 

 

Total Income for October:  $5.89

I know:  I’m fighting a war on numeorus fronts here (article-writing, answering questions, developing websites, etc.), and it’s difficult to figure out where I should really be applying my efforts.  Trying to do everything at once has me spread pretty thin – not to mention the fact that I’m still working a 9-to-5.  Still, I can’t imagine putting anything on the backburner right now; it all feels important.  (Of course, there’s an old saying which states that when everything is important, then nothing is…)  With any luck, I’m hoping to have my niche site up within a week, then I can devote some attention to other matters.