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Author info: This guest post has been written by Alan Johnson, who has exposed the 100 most popular online myths over at TheRatingBlog.com.
You can hear more than a few people saying that you can earn passive income by working from home, but is that actually possible? Are you, as an online entrepreneur, capable of generating passive income, or is it just one big myth?
Can passive income be earned online? Yes and no, it depends on what you understand by passive. Yes, if you compare being a webmaster to having a regular job, it does seem like passive since, with a job, you
are only getting paid while you work or, in other words, you are selling your time.
As a webmaster, on the other hand, you can definitely earn money 24/7, even while you’re sleeping. Think about it: let’s assume that you are running a website and promoting products related to your niche as an affiliate. Whenever you make a sale or generate a lead through your affiliate link, you are getting paid. In other words, if one of your visitors decides to buy a certain product using your affiliate link while you are sleeping, for example, you get paid. If that’s what you understand by passive income, then yes, it is definitely achievable.
On the other hand, thinking that earning 100% passive income is possible as an online entrepreneur, or, in other words, thinking that you can earn money without working is just plain foolish on your part.
A website which is currently profitable can stop generating revenue at any point, depending on how well you do your job as a webmaster.
Sure, you may currently be receiving visitors form search engines but rest assured, things will definitely change if you neglect the process of SEO. The same way, a PPC campaign can and will no longer be
profitable if you don’t tweak it whenever necessary. No matter what others say, you have to invest time and efforts in order to make money and, while just relaxing and doing nothing while profits are rolling
in does seem like quite a tempting scenario, I’m afraid that things don’t exactly stand this way.
As a conclusion, depending on what kind of meaning the term has to you, earning passive income as an online entrepreneur may or may not be a myth. Are you interested in making money 24/7, even when you are not working on a certain project? Then yes, it is definitely possible if you do your job right. On the other hand, do you think that, after you launch a certain project and it becomes profitable, you can just sit back and relax, that your job is now done? Then, my friend, I am afraid that you still have a lot to learn and you basically have two options: you can either understand just how foolish such a way of thinking is and change your attitude or you can learn your lesson the hard way.
Depending on your answer, your experience as an online entrepreneur can be a dream come true or one large disappointment. What will it be?
Best wishes,
Alan Johnson