If you’ve tried your hands in MLM, paid surveys, and data entry, you know that there are very few people actually making a living off doing this. That’s because these are not actual business models. These are systems that may allow you to make a little bit of extra money, but only if you work hard.
If you want to build a real business from home, you need a real business model. One that is scalable, that grows over time and allows you to make money even when you are not hard at work. Isn’t that the idea behind passive income?
One of the best business models that exists is the ability to build on online business. That’s because even without a website, you can earn extra cash in your spare time, and it doesn’t cost a dime to start. And over time, you build a real passive income steam.
That’s because everything you do online can exist online forever. It’s like the author of Harry Potter, J.K. Rowling. Every time someone wants to buy a copy of Harry Potter, she does not have to write a fresh version. She did the work once, and it is reproduced over and over again.
The online world works the same way. For instance… did you know you can create a YouTube video just using Power Point? Take a look around YouTube and you’ll notice that most videos are just Power Point slides and pictures. There’s no actual filming going on.
Anyone can create a quick video with Power Point and post it on YouTube. As a result, that video not only exists forever on the world’s second most visited website in the world, but people can share the video with their friends, post it on their blog, and reproduce it over and over again – each time making you more an more money.