Everybody knows that passive income is the name of the game, right? Running any sort of business, even if only 2 hours a day, isn’t passive income. Real passive income involves owning assets like rental properties or investing in businesses that pay dividends—anything where you don’t have to do anything after spending some cash. Most people do not have the resources to buy those assets, but your online business could do that for you. At some point, you’ll want, or have, to stop doing anything online. If you’ve structured things correctly and used the income to purchase those passive income-generating assets, stopping will not affect your income. A friend of mine bought a magazine business very cheaply because no one could figure out what to do with it. He boosted circulation by improving the magazine’s quality, giving away advertising and pushing it to as many related groups as he could find. I thought he was nuts, but he proved me wrong. Within a year, he had raised the magazine’s profile so much that he could employ half a dozen people to manage its sales, design, print, and distribution. When all his costs were covered, he employed a manager and went travelling with his family. That is almost passive income. You can search for Horse Deals to find out more about his business. In my Australian search, he has the top ten listings in Google and three more in the next ten. That’s a dominant position in anyone’s language. Thats how you build a digital asset and a passive income. OK, how do you get there faster? Well, you can go to Flippa and buy a website that has existing income. When you buy one of those with money you made with your online business, you are building digital assets that you can keep or improve and flip. Building a money-making business is only the first step to a life of financial comfort. Start here easily: https://go.wm-tips.com/diamond. Regards, |