Many of my friends and family members need to ask themselves this question after talking with me about my online businesses and success.
Internet marketing can be a bit of a trap. It sounds so darn easy. Write some articles. Get money! How much easier could it be?
Well the truth of the matter is that you need some real focus and a long term view of things if you are going to make this thing work out well for you.
Anyone can start a website, and many people do. The vast majority of websites do not make much, if any, money.
So you need to ask yourself 2 questions:
1) Is this type of business a good fit for me?
2) How much work am I willing to do in terms of publishing and writing new content every day?
Creating a passive income stream is a full time job. Period. You can turn it into a part time job, of course, and you can spend one hour per week on it if you like, but ultimately you are not going to see a full time income until you have put in some full time hours on your website.
I would say that a rough estimate is 1 dollar of income per month per decent article on your website.
This is not true on a literal, 1 to 1 basis of course. It is an aggregate figure.
So if you build a website and you publish 500 articles on that site over the first two years, then at the end of those 2 years you should be making roughly $500 per month or so in income.
Likewise, if you publish 2,000 articles over the first 2 years, you may well be making around $2,000/month in income from that website.
Now of course this will depend on TONS of other factors, but ultimately, in the long run, those are pretty good income estimates.
Keep in mind that you need to let the site age for that income to fully kick in (at least 1 year from date of each article publishing) and also that you will likely need some links and promotion done in that time frame too.
Now once your site is a few years old and you have done some link building and it is earning a stream of income, you can step back and look at things and see where you are at.
Maybe you have 400 articles and your website is averaging around $250/month in income. If that is the case, you have a choice:
“Do you want to raise your income to $500/month by publishing 400 more articles, or not?”
So the amount of work that is involved is the willingness that you have each and every single day to publish multiple articles on your website or not. If you do not have the willingness to publish lots of articles on a regular basis then building a passive income stream in this manner is not for you.
It takes a lot of upfront work in order to build a business like this but once you have done it, the money tends to stay fairly consistent.
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