Wednesday, August 11, 2010

What It Takes to Make Passive Income Now that Everything Has Changed

1. Write, write, write. In my opinion and experience, you need at least 100 articles per website. Try to increase length too, 600 words is the new 400 (but don't kill yourself to get one stinking article that's giving you a hard time up to 600 words. Leave it at 400 and move on.)

2.More of everything; content, more SEO, more back links, more words. 2009 was the last 'easy' year for passive revenue, in my opinion. 2010 is the year that the bad economy hit the internet and companies like eHow shut down their programs. You'll have to hit it harder to do well in today's net economy.

3.Work with several passive revenue websites. Don't put all your eggs in one basket.

4.Figure out what you are doing wrong. If you aren't making any money and if your passive income isn't growing, you are doing something wrong. Take a class, read a book, lurk on message boards, ask for help--whatever, but you need to put the effort into tweaking your strategy so that passive revenue works for you.

For me, I often compare myself to complainers in forums. If established people or newbies aren't making money,but I am, I consider myself to be doing okay--in conjunction with my income going up too.

5.Don't count on anything. The net lifecycle is short. Websites come and go. I no longer believe that you can earn on articles or one website forever--even if you run your own site. Sooner or later Google will make a change that will bury you. It happens. I see lots of 'old timers' giving up as their revenue plummets instead of realizing the business landscape has shifted under their feet and that they need to revamp, renew and rework.

You can't count on writing an article once and making money forever. Not anymore.

6.Rework old articles to extend their net life. Improve the SEO. Give them more back links. Make your older stuff work for you somehow. Be creative about it.

7.Don't expect much. Passive revenue is all about hitting critical mass which takes time. Gone are the eHow days of instant earnings, we are in the new era of 'slow and steady wins the race.' Content may take months and months to mature. My Hubpages that earn income have taken a year to show a profit (although I don't promote them so maybe I could've shortened that timeline a bit).

8.Don't buy a bunch of gimmicks and expensive gear. I see a lot of people trying to sell various 'make money online' products when I know they themselves are not successful. They're selling a product of dubious quality, not their personal experience and expertise.

9.Start blogging to create back links. This is a good way to immediately give your content a boost. There are many free platforms. Start several blogs in your topic areas, update as you wish and use them for backlinks. So long as you post unique content every once in a while, the blog will eventually rank as a good do follow back link. Much easier than writing a bunch of ezine articles. Plus, if one of the blogs gets good traffic, you can monetize it.

10. Get into social media. Google now gives weight to social media back links. So get people talking about your work. Start with Twitter and Facebook and branch out from there. However, be careful not to let social media become a time suck.

1 comment:

  1. Thanks for these tips! I love what you said about 600 being the new 400 - this is so true. Writers should strive to write longer, but good quality, articles rather than just busting out mediocre 400 word How-to's.