Earn less with a passive income online vs Earn more but requires more hours

[Jon]

Which would you rather do.

Been reading the Bitcoin thread and thought to myself.

Would I rather earn less money but get the money in a passive fashion or work harder to earn more money online via a manual method.

Personally, and it may just be because I work a full time job but I would much rather earn a bit less for a more passive income. I do accept that in order to get the passive income it would require a LOT of work to get it to that point where it just sits there and brings money in for you..

What would you rather have....

 

[FreeSwagSites]

I will choose the "blog like crazy for a couple of years" and then sip cocktails on the beach while the money rolls in please ;D
I would be prepared to write the occasional post to keep things ticking over between drinks 8)

 

[Blackpepper1]

Passive income is the best.

 

[alundra]

Both! Some people in the US run perktv and swagbuckstv on their phone and do tasks on websites at the same time.

I hope we get those for the UK soon.

 

[silverhoop]

Would like to earn enough through a passive income that I could spend more time trying to earn more through a manual method.

At the moment my job gets in the way of me spending more time trying to earn.

 

[usa1]

I think everyone is chasing the holy-grail of passive income

 

[RickyRaj]

I like the passive income approach. This frees me up to do other stuff.

Anyone thought about passive income from shares? There are some great companies out there that have been paying a decent, increasing dividend for years e.g. McDonalds. Much better than current bank interest rates.

 

[askgar]

I would love to go make some money passively, to supplement my active income, however from experience passive income is never going to make that much money.

Bitcoin specifically, it is now basically impossible to mine coins at a rate which is profitable (unless you have free, VERY powerful dedicated mining hardware, and don't pay for electricity). I did mine back when coins were around $5 after the first peak at a whopping $20! Saved them and cashed almost all of them out at terrible times due to not believing it would would actually sky rocket again (and needing the money at the time), I think I worked out that I lost out on over $5000 due to terrible timing.

EDIT: Just seen this thread is over 2 years old, not sure how it got bought up again but the above still stands

 

[Jon]

Crikey 2 years old lol

Getting a passive income is certainly easily doable

From buying shares to building a website that generates enough trust from its readership that they use your links today, next month and for years to come..

 

[askgar]

Crikey 2 years old lol

Getting a passive income is certainly easily doable

From buying shares to building a website that generates enough trust from its readership that they use your links today, next month and for years to come..

I wouldn't say either of those are truly passive though, building a website requires maintenance and content updates, otherwise people will go elsewhere. And shares would require management, or just an acceptance that your passive income may turn into a loss.

 

[Jon]

Crikey 2 years old lol

Getting a passive income is certainly easily doable

From buying shares to building a website that generates enough trust from its readership that they use your links today, next month and for years to come..

I wouldn't say either of those are truly passive though, building a website requires maintenance and content updates, otherwise people will go elsewhere. And shares would require management, or just an acceptance that your passive income may turn into a loss.

I think they are passive in terms of you earn money from them while doing nothing in the long term

I struggle to think of any form of passive income that doesn't require some kind of start up effort lol

 

[Jordan135]

Is anyone earning money with a passive income at the moment? If you so what and you doing, and how?!

Thanks

 

[Jon]

Is anyone earning money with a passive income at the moment? If you so what and you doing, and how?!

Thanks

me

I earn a passive income through blogging

do it the same as everyone else

build up an audience

build up the trust

use affiliate links

done

 

[katykicker]

Is anyone earning money with a passive income at the moment? If you so what and you doing, and how?!

Thanks

Affiliate income from my website.

 

[stonecrows]

The problem with websites and blogs is finding something that is at least mildly lucrative that doesn't already have a saturated market.

I prefer risk free or minimal risk so shares aren't my bag.

 

[Twiggy]

I don't earn passive income, not at the moment anyway.

Ideas for you are -
establish a blog, do affiliate marketing
write and sell an ebook
create a product that can be sold over and over (eg- image for selling as prints)

All take some degree of effort, and ongoing usually, so only passive to a degree.

Profitable affiliate niches are definitely gambling, porn, mentoring courses, but effort is required to keep a website, blog or newsletter relevant.

or - write a Christmas number one

 

[katykicker]

The problem with websites and blogs is finding something that is at least mildly lucrative that doesn't already have a saturated market.

I prefer risk free or minimal risk so shares aren't my bag.

Personal finance is rapidly becoming saturated, however, people will always read blogs! I have found joining blogging groups where you help one another with comments, Instagram hearts etc, has really helped build my traffic up.

It IS work through so is it technically passive income? [member=1]Jon[/member] and I both do really well with passive income, and if we suddenlystopped posting we'd still make money, however, I guess we do still work for it.

 

[Jon]

The problem with websites and blogs is finding something that is at least mildly lucrative that doesn't already have a saturated market.

I prefer risk free or minimal risk so shares aren't my bag.

I don't think it's about the market bring saturated

If you go into let's say the sess pit that is "mummy bloggers" that market is WAY over Saturated but if you write fantastic unique content then the audience WILL come and then you can branch out of that niche into all sorts of wonderful things


Good content = good audience

 

[stonecrows]

That's what I mean, you've got to find something that is not already done to death. I agree the mummy blogger stuff is pretty awful, I see a lot linked on FB and there's so many out there.

It varies completely for each person; depending on their knowledge and interests, some people will find it easier than others to produce unique content.

 

[Jon]

That's what I mean, you've got to find something that is not already done to death. I agree the mummy blogger stuff is pretty awful, I see a lot linked on FB and there's so many out there.

It varies completely for each person; depending on their knowledge and interests, some people will find it easier than others to produce unique content.

It can be hard but I tend to find the more you exposure yourself to a niche the most ideas you get presented with that you hadn't even thought about when you started the blog.

Biggest piece of advice I can give is PACE YOURSELF when you run a blog, there is no reason to do 3 posts a week or whatever, you will just plough though decent content that way which won't help you in the long run