Passive Income: My Dream! I Do Believe!
I have a dream: to do what I want when I want – and I am very, very lucky to be living it! Passive income isn’t a terribly easy goal – but I am getting there – and I think I just turned a big corner, let me explain. Not income wise, but in the psychological, mumbo-jumbo department!
When I did my last update I had had a pretty bad month. I lost my part-time job in late January – and it had stuffed up my productivity! How so? Even with only 2 days a week work it gave my week structure. Now it was gone and I appeared to be going nowhere. I admitted my frustration in a private forum I am a member of (sorry closed to new members at the moment – I’ll let you know if it re-opens) – and got jumped on pretty hard. I thought my problem was keyword research – but it wasn’t – the problem was I hadn’t down enough work!
That is not to say I wasn’t spending all day at the beach, nope worse than that, I was distracted by forums, commenting for fun, twitter and a whole lot of other unproductive stuff! In fact an on-line friend asked me what sites I wanted to promote in a mutual-help group he was starting – and I didn’t have any I could be bothered with anymore!
I wasn’t being lazy – not logging on lazy – but I was unfocused I hadn’t figured out what I had to do to succeed – even though I did know – and have known for nearly a year – build more sites! For goodness sakes the original name of this blogs was “Journey of 100 sites!” Had I developed 100 sites – nope!
I got mad – first at my colleagues in the forum – and then at myself! Someone called me stubborn - I laughed out loud – its odd how someone who has never met you can pick out some major personality trait like that!
My main issue was: people say you can’t achieve unless you believe that you will achieve – but I don’ t believe in anything I can’t touch: the Easter Bunny, Father Christmas and God being my main examples.
I’m not much into the pop psychology, “law of attraction” crap. I did however, somewhat in desperation, do a bit of a google – and came up with the concept of visualisation. Sorry I don’t know where I got the check list from – I wrote it on a bit of paper – and it was very useful- leave me a comment if you recognise the source! Having decided on what your goal is: in my case passive recurring income from niche sites – you need to go through the following steps:
- Is the result possible. Do other people do this?
- Is the result possible by me – do I have the skills?
- Do I really want this result?
- Do I deserve the result?
- Does the goal contradict my other beliefs?
- Create a plan to achieve the goal
- Do the steps in the plan contradict my beliefs?
- Do you can do the steps in the plan?
- Do you believe you will do the steps in the plan?
- Believe that you will achieve the goal.
OK nothing better to do at midnight when I couldn’t sleep so I worked thru the steps.
- Yes I know other people who make over $10k /month with this model.
- I believe I have the skills – the technical stuff is pretty easy, the writing is fine, I can outsource what I can’t do myself
- Oh yes! I felt like trapped in corporate IT. Even if there wasn’t a financial crises I wouldn’t want to go back! Its waaay too good havin control of your life.
- Why the fuck not? No one will get hurt in the process and I certainly own my partner over a year of him working and me not producing any income.
- This was infact my initial issue with Internet Marketing – but I found out a while ago that its perfectly possible to sell on-line without ripping anyone off.
- Plan – its in my head – its not that hard:
- find long-tail keyword to target
- find a way to monetize
- build site
- promote site to top of SERPs
- rinse and repeate
- No
- Yes
- Yes
- Well bugger me I think I might believe in my goal now!
Sorry for the ramble – now I have to go and build some more sites!
EDIT – this post moved me to tears writing it – and this video totally expresses what I not have the skill to say in words:
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I think some of us may be afraid of success even though that probably sounds a tad strange. These next few months are going to be a real test for me. I have 10 niche sites I’m going to get to #1 on Google. Luckily I have a solid plan and I plan to stick with it. I’ve said it before and I’ll say it again: I can’t wait until “passive income” is no longer an oxymoron! We can do it!
Amanda’s last blog post..Do You Have a Happy List?
Nope it doesn’t sound strange at all to me! I was taught the traditional way of living: good education/good job/retirement at 60. It wasn’t traditional for my family to go on to higher education – but my mother died thinking I was a sucess. Unfortunately I wasn’t I was making lots of money and I was miserable. I have no background in the real-world of working for myself or running a business and I think I have had to deal with a lot of issues around that.
Good luck with your niche sites – and remember content isn’t king – backlinks are!
Family upbringing and national culture are powerful influences. I moved thousands of miles from ‘home’ to escape the social baggage but money mindset and blockages years in the making can take a lot of mental effort to bust and rebuild. I know the journey must be taken in the mind first.
Your list is a great way to reinforce positive affirmations.
you’re right there BuzzyBee – thanks for visiting
Now there you go, I just commented on your other post about how easy it is to get sidetracked on forums – and turns out that’s what happened!
I do think that’s the trouble with creating sites that are based purely on keywords you care nothing about. Have you thought about using your own hobbies as a starting point?
Marisa’s last blog post..Choosing Castanets
LOL Marisa – I did – but I have weird non-commerical tastes it appears! My dance site dreams of making $100/month LMAO
Good blog Lis! Part of creating a success plan does entail creating a blueprint for you to follow. I hope it goes really well for you.
Bianca Raven’s last blog post..Get or keep a job: your reputation is your most important asset
Yes, well my dance sites aren’t making $100/month either – except for last month when the belly dance one suddenly peaked at $200. Showing no sign of keeping it up, though.
However, the point is that maintaining the belly dance site is absolutely no effort – I love doing it, so the money is a complete bonus. Maybe if you had one or two of those, it would ease the slog of doing the rest?
Marisa Wright’s last blog post..Choosing Castanets
Hi Lissie,
I enjoyed reading this post of your’s. I’ve been reading you for a while but never commented on your articles. You lost your part time job in January. I would say, congratulations, but this may dissapoint you. Because if you look on the bright side, and there is always a bright side to everything, you have so much time now to work on building your passive income. I’m soooo jealous!!!!!
I often wish I could lose my full time job and then I could do the same. Unfotunately, this is not going to be the case in the near future at least. Shite!
I am also envious of those who are retired. I can’t wait till I’m 65. Most young people can’t wait till they are old enough to drink. I can’t wait till I’m old enough to not have to work and I can get those sites going… And I don’t give a damn about the wrinkles one gets at 65.
Perhaps, I should go skiing and break my leg – that is worth at least 6 weeks off from working…
Just want some time off work… Okay, am desparate.
Lucky you, you have that precious commodity now – TIME – to work on those 100 sites and build your empire.
Veraz’s last blog post..Blogging into the New Year
What a delight a comment which is not about Site Build It
Thanks for visiting Bianca. I’m trying to find something Marisa – I do outsource the really boring writiing BTW – you should anchor your keyword and then just sign so I know its you!
Hi Veraz – someone reads me bloody hell
You an say congratulations because that was immediately my reaction – this job is such a waste of time and distraction to my real work! Yes time is the real thing – though I must admit I found I had to make a real effort to get more focussed without the job – it felt like the pressure was off – which of course it wasn’t. February wasn’t a good month, but March is much better! Don’t wish your life away – find away to make it happen – life is not a dress rehearsal someone said once.
Hi Lissie,
I can relate to your post, same here, I am so unfocused, I like to do more but I get distructed by different things. i am doing alright with my hubpages and adsense ,I get something every month now, but I know I can do more if i focus on keywords and write more…. btw i read your article about SBI… I am one of the very unhappy customers, their site / platform is very hard to use.
Oh I thought it was perfect for beginners LOL! You should be able to get a prorata refund – they seem quite keen to pay people out to shut them up- write a hub and then request the refund – should work (put comment moderation on first
) Thanks for visiting and commenting
Passive income is also my dream! I still find myself getting distracted with so many things online that I really really have to work at staying focused. I just want to say that I know what you mean and you are not alone!
Catherina’s last blog post..RSS Directories with High Page Rank
I had a good talk to myself and decided that giving up my dream was not an option so I better get some work done to make it real! Thanks for commenting
No worries! You shouldn’t give up – keep going! You know, I had a recipe blog that I made an effort on a couple of years ago, after 2 months I earned around $35 adsense from it. Then the blog host I had the blog in shut down and I gave up! Imagine if I just restarted and kept going… that would have earned me regular income now. I also thought about creating more sites but I got sidetracked and did other things. So now, I’m making sure I stick with it and keep going. We’ll all get there if we persist. Anyway, good luck to you, Lis.
Catherina’s last blog post..RSS Directories with High Page Rank