First here’s a quick definition of both Passive and Active income:
Passive income is an income received regularly, with little effort required to maintain it. The American Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income.
Active income is the income for which services have been performed. This includes wages, tips, salaries, commissions, and income from businesses in which there is material participation.
Until our student understood the advantages of a Single Operated Newsletter many spent countless hours on sites like Buzzfeed or Reddit looking for a solution. (But more about that in a second).
If you have tried to find a way to make income online (passive or active) you already know that some of the options provided are ridiculous.
If you do the shopping for your household I don’t need to mention how quickly prices for everyday items are increasing. Particularly the staples (bread, milk, eggs, etc.). And trying to navigate crowds during the pandemic have only added to the stress.
This is just one example of why having passive income is not only a good idea but almost a necessity in today’s world.
Two Ways to Make Money Online
I know that this may sound like an oversimplification but it’s true; there are only 2 ways to make money online:
1) Sell a product or service.
2) Refer to a product or service.
Service VS Product
To create a passive online income you may need a shift in perspective. You may be accustomed to thinking about the internet as this cool, fun, entertaining place.
But in reality, the internet is the largest global selling machine ever devised in the history of mankind. Every site online is aimed at trying to make money selling someone something.
If you think that SALES is a dirty word — you must change that perspective — quickly.
Now just because creating passive income involves selling that doesn’t mean that the process can’t be:
- interesting
- educational
- or even fun
Some have turned to a product or service to find additional, passive, online income. But the new way to create it involves a hybrid model. And some of these income streams can be produced in a matter of days.
The Curation Marketplace
As individuals we are constantly assessing our world and the daily “situations” we encounter through the lens of whether a scenario is “good for me/bad for me.” The importance of such an evaluation is consistent with the general idea that we automatically evaluate stimuli. (Barrett, 2005).
Instant influence, primitive automaticity, modern automaticity, and sacred shortcuts represent decision-making timesavers that we will most likely always adopt because, as Robert Cialdini explains, our world has become overwhelmingly complex, information-intensive, and fast-paced. A heightened awareness of the influence factors Cialdini describes, such as reciprocation, consistency, social proof, liking, authority, and scarcity, means our ability to make better decisions improves.
It is because this massive amount of information (data) constantly assaults us at breakneck speeds that we shortcut and curation.
The Profit in Curation
It is in the summation of this MASSIVE amount of Information that your fortune will be made from a single operated newsletter.
People need shortcuts because of the ridiculous amount of information thrown at us not daily but hourly!
Learn how to help subscribers with this quest for simplification and build a business that can change your lifestyle.
However the curation model is only one of the options that you are taught in the Paidletter.Com Fortune Training Course.
There is a high demand for information parcelled in specifics ways. And your single operated newsletter can even help corporations (which leverages your time and allows you a hefty ROI).
Get your Free week of the single operated newsletter that our clients pay to read.