What to expect from passive income

Passive income is what many people think of as “living the dream.” If you are making passive income, that means you are making money from a website, digital product, or affiliate product that you previously set up. Now you can sit back and relax while the money is pouring in! You can potentially scale this business to get very rich, but either way, you will benefit from not trading your time for money!

But is it really so? Are you really heading for a lifetime making money while relaxing on beautiful yachts?

This is not a get-rich-quick scheme!

Maybe. But the first thing to recognize is that this is by no means a “get rich quick” plan. This is not a method that you can use to earn money without investing the equivalent amount of work and time up front. You are still working for your income, the only difference is that you have done this work in advance, so to speak.

The other thing to recognize is that this takes a lot of time and a lot of trial and error. In the vast majority of cases, you shouldn’t expect to make hundreds of dollars a day for a long time.

Instead, it will take time, work, and a lot of patience to finally get to that point. If you start your passive income business model thinking that you will be able to quit your day job immediately, you should expect to be very disappointed.

Instead, the best way to think of passive income is a good way to add a little extra income to your existing setup. Try to think of e-book sales or ad clicks as additional income and as a way to improve your overall salary.

This way, you won’t be disappointed even if you only make $ 20 in e-book sales a week. That’s still $ 80 a month and $ 960 a year … enough for a great vacation!

But more importantly, once you start earning this money and enjoy it so much, you will find that it starts to increase. If you don’t get frustrated quickly and give up your passive businesses, they will grow over time and start making more and more money.

This is how you successfully increase your passive income and it is what will eventually allow you to quit your day job.

Infinite scalability

The other great advantage of passive income models is that they are infinitely scalable. Because you are not trading work hours for money, that means there is no limit to the number of times you can repeat the same business model over and over again.

Make a profit by selling an ebook on Kindle? So why not make another one? And other? And other? In this way, you can multiply your sales over and over again.

And eventually, you will almost certainly land on that “big hit” that will be your true source of income. It takes time, it takes patience, and it takes luck. But is it worth it!