You may have landed here on this blog and don’t have a clue of what passive income really means, well, definitions vary from one to another. In my point of view is a process where you don’t directly trade your time for money, instead,you invest your time upfront working hard and creating valuable products to continually benefiting from those assets later on.
But in case you might be wondering that this is just peanuts, let me just say that generating passive income is not easy and it takes a lot of hard work, it does not happen overnight, but, generating passive income is definitely possible.
One Passive Income idea that I wanted to leave you with today is Niche Websites.
If a general website frightens you because of the time that you have to invest and the audience that you have to please, then why not make a smaller one focused on one particular topic?, these websites are called niche sites, focused primarily on one topic. It can be a big or small website, depending on the time you want to invest on it. After the site is done you make money either through the advertising (like Google AdSense for instance) or by valuing the site and then selling it at an auction websites (Flippa is a good one).
I teach all this on my latest course here and here, the main idea to generate a real and sustainable passive income is to create a websites portfolio, where you could plant your seeds, meaning ads, and then collect your good money on a monthly basis. If you have 10 niche websites and each generates an average of 400€ per month, that would be 4.000€ of passive income per month, this is huge money rolling in, and the best of all, you just have to do the work once. Think about it.