How to earn *passive* revenue

So, passive revenue…

That's pretty much the holy grail, right? 

I mean, who wouldn't like to make tons of revenue while doing pretty much nothing to get that? 🤑 

And that's probably why I receive so many messages from women who want to put in place passive revenue streams.

And they ask me how they can best achieve that.

Something along the lines of the 4-Hour Work Week, that famous book by Tim Ferris.

I'm pretty sure you've heard about it before.

Basically, Tim Ferris advocates eliminating distractions to raise productivity and only focusing on the most important tasks.

He also gives tips on keeping your job but progressively leaving the office to work exclusively from home.

… so that you can work less and have lots of free time to enjoy your life on an island. 🏝️

(btw – Tim Ferris is clearly *not* a mother with small kids going to school)

He also advocates running your own online business.

A business that generates tons of revenue AND doesn't require too much effort. 

(not sure that this really exists… but ok) 

For a business that can be run by third-world country virtual assistants, you pay only $5 per hour... 

... and who are so well qualified and efficient that they require almost no supervision from your side.🤔 

Then all you need to do is automate processes, emails, etc. 

... so that basically, the whole business can run without you.

This way, you can have tons of passive inflows while you enjoy your leisure time on the beach. ⛱️ 

Sounds easy, right?

Well, let's see.

Because I guess I more or less fit that picture (if you don't look too closely):

I have an online business with virtual assistants

(whom I definitely pay more than $5/hour!)

I implemented tons of automation, and I'm able to work from anywhere.

And from the outside, it sure looks like I've figured it out, Tim Ferris' way.

And, of course, I get that it sounds like a dream.

Because I love what I do, I set my own schedule and work from anywhere around my kids' schedules.

And that's why I can tell you from first-hand experience that "passive revenue" with an online business doesn't work.

At least not anymore.

Because there might have been a little over a decade between 2005 and 2018 or so during which you could have achieved this with little effort. 

(fyi, the 4-hour work week was published in 2009)

And if you had started during that time, you could have built a solid base that might still work out for you.

But these days are gone.

These days Google search and social media algorithms are a lot tougher to master.🔧⚙️🔨

And they don't like beginners.

They much prefer established companies with tons to spend on ads. 💰

This is why it now requires lots of time and effort to start a successful online business.

And more often than not, all these efforts are not even enough to pull it off. 

That's why the word "passive" when it comes to online businesses doesn't quite fit the bill anymore.

But you know what else?

There is still one killer way to grow your savings in a way that's completely passive. 

That's investing in the stock market with a well-defined, statistically proven passive strategy.

And sticking to it for decades. 

This is pretty much the only way to get truly passive revenue from your savings... 

… regardless of how much you have to invest.

But realistically, that also means that you'll still need to earn something from elsewhere to make it work.

(well, unless you already have several million you can put to work; but just in case you don't, then you'd still need to generate some revenue somehow) 😆

Most likely from a job.

Or maybe from your self-made "not-so-passive" business.

Or from renting out an apartment you own (or simply a room in your house).

In other words, there is still a way to earn passive revenue...

... just maybe not exactly as "passively" as most people envision. 😉

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That’s all I had for you today!

➡️ Do you need help starting with investing? Let me know in a comment below.

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