I just visited your blog for the first time from a recommendation by Yaro. I too am doing the eHow gig. I haven’t written an article there in over a year but am still earning close to $100 a month. It definately feels like passive income to me!

Keep up the good work.

Tommy

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Software is probably the most scalable product you could sell because the only money needed is to create the actual software. That could be an expensive process but once you create the software the next step is fairly cheap as to sell it all you have to do is burn on a cd.

Consulting on the other hand is the least scalable and passive because simply if you do not work you do not get paid,

Passive income is a dream for many, especially myself. My current passive income startegy consits of real easte and securities. When it comes to securities the best is to get paid dividends but nothing beats profting from an increase in share price. Besides that I really have no sources of passive income and let’s be honest they are not the greatest.

I run a blog but it makes no money and it is not passive at all let me tell you that. Blogging is usually not passive income because you have to work on it every single day. The best source of passive income is what Pat has done. You write an ebook once and then for the rest of your life you can make money by selling this book. Writing the book was probably a pain and took a lot of time. Now that the book is written it is extremely scalable, especially considering that an ebook has substantially less costs than a real book.

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I will have to keep this info handy and refer to it as I learn all these new things, advertising and so much more.

Carolina D.

Have you read Michael Gerber’s Emyth book yet? That’s another good one for any small business owner. He says that the main reason so many businesses fail is that they’re started by technicians (people who know the work best and want to do it all themselves), but the businesses that really succeed are set up like franchises. You do like McDonald’s and set up an operations manual that a teenager can use to make your business a success, and you yourself step out of the day-to-day operations.

I do love the power of the internet for putting automation into the process and look forward to the day when I create some product of my own and have a little army of affiliates selling it for me, lol.

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*smiles*
Michele

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I’ll say it again…your experiences with In the Leed are truly inspiring. I’m so glad you are blogging. I look forward to each post!

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I love the quote about being the policeman to step in if something goes wrong. I shall certainly be aiming for that.

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