What Is Passive Income?

By definition, passive means “not working or operating.”  Passive income means not having to work actively and still earn.  Stephanie Meyer  (Twilight) and J.K. Rowling (Harry Potter)  earns passive income out of the booksales and royalty fees of  famous novels  that they wrote five, ten years ago. 

  

That means if you were able to write a relevant article and had great reader turn-out, you will continue earning pennies out of that article everytime someone clicks and reads your article.  Moreso if you have advertisements  in your write-ups –you earn everytime someone clicks on your ads.

Does that mean you expect big time money by writing articles under your name?  Yes you can, but it will take a while.  Most online writers who had been in the business for a year or two (or more) are now regularly earning as much as $100 - $300 per month (and sometimes go as high as $500 per month), depending on the effort  that they have previously put in.

 

Can I give up my job for this?  It is not really recommended, but if you don’t have much choice,and with careful planning,  technical writing, virtual jobs or ghostwriting jobs would do.  If you focus on technical writing, online copywriting and blog-writing jobs, and you’re good at it, yes you can actually make a living online.  Check out another article about getting started with home-based jobs. 

Article writing (those that are written under own your own name or penname), on the other hand,  cannot IMMEDIATELY substitute your present means of income, as you have to start with a few pennies first before you can actually earn regularly.

In my homebased job, which is a completely different arrangement, I started with ghostwriting first before I
finally got to use my real name on my articles.  

To wrap up, passive income means making money out of a hobby you love.  It’s not much, but it gives you the pleasure of monetizing your efforts  while indulging on a well-loved pastime.