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$this->set('keyword_for_layout',$static_page['BlogPost']['meta_keyword']);$page_slug = 'secrets-to-making-website-investments-passive' $static_page = array( 'BlogPost' => array( 'id' => '86', 'title' => 'Secrets To Making Website Investments Passive', 'slug' => 'secrets-to-making-website-investments-passive', 'url' => '', 'description' => '<p style="text-align: justify;"> Making passive income is an idea that applies to everyone, the idea of making money without actively doing something for it is magical in itself. Making money out of websites is also a nice and wonderful idea, which also applies to the vast majority of people using the internet. Is it possible to make a good combination of both of those? Basically – There is. However, it requires a bit of work up front. And there is no guarantee for success, which means you may not succeed the very first time, but over time – it is completely worth the effort.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> Before you begin – Set your goals straight. Creating a successful passive income source depends majorly on your audience, and on your ability to convince them that your will lies in their favor, and not in "Just making a few bucks". You need to be the one they can rely on, and they need to believe you care for them. In other words: You wouldn't buy something from someone if you think you're not going to see or hear from them again, so why would anyone else do that?</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> There is no such thing as an immediate success. You WILL fail, quite a few times, be prepared for it. We all know the success stories, but not all of us know about all the failures that came before that. Also, remember that no income source is truly 100% passive, there is some effort to be put in at all times, if you want to keep your income source alive that is.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> Cash flow from websites, or any other passive income source, is a lot different from simply opening a savings account. First, it wields a much higher income percent. Furthermore, it requires constant attention, as minimal as it would be. The idea is to make your website as self-sufficient as possible, but it will still require some attention (For instance, a web site may require about 4 hours of work a week, to produce an income of 5,000$ a month).</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> If you are looking to buy a passive income website, look at what the seller says. Never believe it, as people tend to overestimate the return and underestimate the amount of effort it requires. Furthermore, the previous owner of the website may have a skillset different than yours, which may result in you having to put more effort into it, or less, depending on what skills the website requires. Therefore, always look at what the seller has to say, draw your conclusions, and try to assess the amount of effort and time it will require from you. Even more than that – In case you have the opportunity to chat with the seller, and see what they have to say about what they do and how much time it takes them to do it, by all means – DO IT!</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> One more thing you need to look into is how the website works, from the moment the customer placed an order, or made a purchase, to the moment the customer gets his product and places a review. Some websites will require more work than others, depending on the automation percentage of the process. One website may require you, as the new owner, to contact the supplier of each product ordered, while another website will do the whole process automatically. Choose wisely, and carefully.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> While some website already have stable, or even growing, traffic without putting much effort, that is not the case with most websites. Most websites will require some, or even a lot, of advertising and marketing in order to generate a descent amount of traffic. Nowadays traffic is worth a lot, and generating traffic can cost a lot. In most cases, even a website with stable traffic, or even growing traffic, will still require some advertising, just to keep traffic going. Plan ahead, try and assess how much time and effort you need to put into marketing, or maybe even remarketing, a website, while deciding how much it is worth.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> Are you going for stability or growth? Most of the time, as previously mentioned, even keeping a website alive, with stable traffic, is a difficult job, let alone generating growing traffic. Don't make the mistake of thinking you can just buy a working website and lay on a bed of roses - that is NEVER the case. Just like any other business, if you do not put enough into it, it will soon wither and die.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> Worst case scenario – You've purchased a website, and then realized it is NOT a passive income source. This is, in fact, the worst case you can encounter. In this case you can either <strong>sell</strong> the website, or try and <strong>outsource</strong> the work required.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> Should you choose to <strong>sell</strong> – Put the website on the market immediately! If you wait too long, traffic may perish and no one will be interested in a dead website.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> However, should you choose to outsource – You realized your newly bought website is not a passive income source, but there is enough margin to cover the costs of outsourcing the work required for it, find the cheapest way to do so, maybe even hire an employee, or a few, and let them take care of the work.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> Also, once you've purchased a website, always be hands-on, and consider changing the business model to better suit your needs. Ideas may include:</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> - Turning the website to drop-shipping instead of self-shipping.</p> <p style="text-align: justify;"> - Automating some, or all, of the work.</p> <p style="text-align: justify;"> - Affiliate marketing.</p> <p style="text-align: justify;"> - Terminating sales that are less lucrative, and replacing them with new products/services that will be more beneficial.</p> <p style="text-align: justify;"> In conclusion:</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> 1. Find a website you can manage.</p> <p style="text-align: justify;"> 2. Realize it is not completely passive, and that there is some effort to be considered.</p> <p style="text-align: justify;"> 3. Always build and improve.</p> <p style="text-align: justify;"> 4. Anything that does not grow – Eventually dies.</p> <p style="text-align: justify;"> 5. Traffic is life!</p> <p style="text-align: justify;"> 6. Always check your facts.</p> ', 'meta_keywords' => 'website', 'meta_description' => 'Making passive income is an idea that applies to everyone, the idea of making money without actively doing something for it is magical in itself. Making money out of websites is also a nice and wonderful idea, which also applies to the vast majority of pe', 'is_active' => '1', 'created' => '1507126919', 'modified' => '1507126919' ) )BlogPostsController::detail() - APP/Controller/BlogPostsController.php, line 273 ReflectionMethod::invokeArgs() - [internal], line ?? Controller::invokeAction() - CORE/Cake/Controller/Controller.php, line 490 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 187 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 162 [main] - APP/webroot/index.php, line 231
Making Passive Income Is An Idea That Applies To Everyone, The Idea Of Making Money Without Actively Doing Something For It Is Magical In Itself. Making Money Out Of Websites Is Also A Nice And Wonderful Idea, Which Also Applies To The Vast Majority Of People Using The Internet. Is It Possible To Make A Good Combination Of Both Of Those? Basically – There Is. However, It Requires A Bit Of Work Up Front. And There Is No Guarantee For Success, Which Means You May Not Succeed The Very First Time, But Over Time – It Is Completely Worth The Effort.
Before You Begin – Set Your Goals Straight. Creating A Successful Passive Income Source Depends Majorly On Your Audience, And On Your Ability To Convince Them That Your Will Lies In Their Favor, And Not In "Just Making A Few Bucks". You Need To Be The One They Can Rely On, And They Need To Believe You Care For Them. In Other Words: You Wouldn't Buy Something From Someone If You Think You're Not Going To See Or Hear From Them Again, So Why Would Anyone Else Do That?
There Is No Such Thing As An Immediate Success. You WILL Fail, Quite A Few Times, Be Prepared For It. We All Know The Success Stories, But Not All Of Us Know About All The Failures That Came Before That. Also, Remember That No Income Source Is Truly 100% Passive, There Is Some Effort To Be Put In At All Times, If You Want To Keep Your Income Source Alive That Is.
Cash Flow From Websites, Or Any Other Passive Income Source, Is A Lot Different From Simply Opening A Savings Account. First, It Wields A Much Higher Income Percent. Furthermore, It Requires Constant Attention, As Minimal As It Would Be. The Idea Is To Make Your Website As Self-sufficient As Possible, But It Will Still Require Some Attention (For Instance, A Web Site May Require About 4 Hours Of Work A Week, To Produce An Income Of 5,000$ A Month).
If You Are Looking To Buy A Passive Income Website, Look At What The Seller Says. Never Believe It, As People Tend To Overestimate The Return And Underestimate The Amount Of Effort It Requires. Furthermore, The Previous Owner Of The Website May Have A Skillset Different Than Yours, Which May Result In You Having To Put More Effort Into It, Or Less, Depending On What Skills The Website Requires. Therefore, Always Look At What The Seller Has To Say, Draw Your Conclusions, And Try To Assess The Amount Of Effort And Time It Will Require From You. Even More Than That – In Case You Have The Opportunity To Chat With The Seller, And See What They Have To Say About What They Do And How Much Time It Takes Them To Do It, By All Means – DO IT!
One More Thing You Need To Look Into Is How The Website Works, From The Moment The Customer Placed An Order, Or Made A Purchase, To The Moment The Customer Gets His Product And Places A Review. Some Websites Will Require More Work Than Others, Depending On The Automation Percentage Of The Process. One Website May Require You, As The New Owner, To Contact The Supplier Of Each Product Ordered, While Another Website Will Do The Whole Process Automatically. Choose Wisely, And Carefully.
While Some Website Already Have Stable, Or Even Growing, Traffic Without Putting Much Effort, That Is Not The Case With Most Websites. Most Websites Will Require Some, Or Even A Lot, Of Advertising And Marketing In Order To Generate A Descent Amount Of Traffic. Nowadays Traffic Is Worth A Lot, And Generating Traffic Can Cost A Lot. In Most Cases, Even A Website With Stable Traffic, Or Even Growing Traffic, Will Still Require Some Advertising, Just To Keep Traffic Going. Plan Ahead, Try And Assess How Much Time And Effort You Need To Put Into Marketing, Or Maybe Even Remarketing, A Website, While Deciding How Much It Is Worth.
Are You Going For Stability Or Growth? Most Of The Time, As Previously Mentioned, Even Keeping A Website Alive, With Stable Traffic, Is A Difficult Job, Let Alone Generating Growing Traffic. Don't Make The Mistake Of Thinking You Can Just Buy A Working Website And Lay On A Bed Of Roses - That Is NEVER The Case. Just Like Any Other Business, If You Do Not Put Enough Into It, It Will Soon Wither And Die.
Worst Case Scenario – You've Purchased A Website, And Then Realized It Is NOT A Passive Income Source. This Is, In Fact, The Worst Case You Can Encounter. In This Case You Can Either sell The Website, Or Try And outsource The Work Required.
Should You Choose To sell – Put The Website On The Market Immediately! If You Wait Too Long, Traffic May Perish And No One Will Be Interested In A Dead Website.
However, Should You Choose To Outsource – You Realized Your Newly Bought Website Is Not A Passive Income Source, But There Is Enough Margin To Cover The Costs Of Outsourcing The Work Required For It, Find The Cheapest Way To Do So, Maybe Even Hire An Employee, Or A Few, And Let Them Take Care Of The Work.
Also, Once You've Purchased A Website, Always Be Hands-on, And Consider Changing The Business Model To Better Suit Your Needs. Ideas May Include:
- Turning The Website To Drop-shipping Instead Of Self-shipping.
- Automating Some, Or All, Of The Work.
- Affiliate Marketing.
- Terminating Sales That Are Less Lucrative, And Replacing Them With New Products/services That Will Be More Beneficial.
1. Find A Website You Can Manage.
2. Realize It Is Not Completely Passive, And That There Is Some Effort To Be Considered.
3. Always Build And Improve.
4. Anything That Does Not Grow – Eventually Dies.
5. Traffic Is Life!
6. Always Check Your Facts.