• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • Home
  • Advertise With Us
  • Contact
  • Cookie Policy
    • Privacy statement (CA)
    • Cookie policy (CA)
    • Privacy statement (UK)
    • Cookie policy (UK)
    • Privacy statement (US)
    • Cookie Policy (US)
    • Privacy statement (EU)
    • Cookie policy (EU)
    • Disclaimer

TechWalls

Technology News | Gadget Reviews | Tutorials

  • Reviews
  • Tech News
  • Tech Guide
  • Gadget & Apps

The Initial Steps for Passive Income: Actions You Should Be Taking Right Now

Updated on Aug 2, 2019 by Guest Authors

Passive income is seen as this holy grail of online work because you’d be earning money without needing to actively work – who wouldn’t want this, right?

However, the process that gets you active with passive income takes a great deal of time and strategy let alone the amount of work you’ll be doing in the long-run.

That’s right, passive income requires nearly just as much time as active income. Don’t be fooled.

However, you will earn money throughout the month without doing much work – but it requires those oh so important steps in the beginning. Here are those actions:

Action #1: Grab Your Name, as a Domain

I can’t stress this enough: Get your name as a domain.

Every day, thousands of domain names are snagged up which makes it even more difficult to grab one that’s worthwhile. The one that has the most value is your own name. Why? Because it becomes the central hub around everything you do.

You may not necessarily use yourname.com as the central strategy for earning a passive income but it does play a great part in building the brand which generates the momentum to reach a decent income.

Specifically, your own branded website will let potential partners to easily reach you rather than the normal social channels that are often cluttered and noisy. Even your customers may find their way to your doorstep. It’s another asset you should add when you’re first getting started to future-proof yourself and your potential to earn.

passive-income

Action #2: Start Your Social Profiles

Speaking of social profiles and noise, you’ll want to snag up all of these as soon as you can because, like domains, they’re running out of brandable names.

Don’t worry so much about the hundreds of social sites, focus on the big ones: Facebook, YouTube, LinkedIn, Pinterest, Etc. You can also go to the extent to grab your branded handle on the forums that are very active in your overall niche.

The reason I’ve included this action is that you’ll want to have your brand active where your audience is without having them second guess who you are. A name repeated across all mediums will be sticky.

As a bonus, you can obviously link over to the website you’ll be earning your income – yay, free link building! But, in the meantime, start promoting other individuals to get on the radars of those you may work with in the future.

Action #3: Plan Out the Strategy, Pick a Product

Do this, right away: create a content strategy.

Unless you’ve got some crazy budget, you’re probably one of the people using a blog as their main source of traffic generation. I don’t need to go into that specific topic – but what I do want you to work on, heavily, is coming up with a long-term goal for your content.

Look at where your site will be 6 months, 1 year, a decade down the line. How is each article going to work with the past, present, and future? How will you structure your thoughts in a neat package that your audience not only understand but will take action upon?

Think of your content like a gigantic novel. You’re telling a part of the “story” with each new post – try to keep it all within the same mythos and you’ll get people coming back for more; the more they do that, the more your site will grow and earn.

Secondly to this point, pick the products you plan to promote. Have an idea of what business models you’ll be using whether it’s advertising, affiliate marketing, selling your own products, etc. Get an idea in the early stages so you can stay focused. In my opinion, 80% of your success with passive income is being able to continually promote the core products for your niche otherwise you wind up mixing the message to the audience.

Action #4: Build That Network

At all times, whether you’re 100% behind your passive income plans, or at least have some hint that you’ll be doing online business – you should be building your network.

A network will give you the extra ‘oompf’ to overcome your biggest hurdles. The network will create the buzz around your brand. The network will deliver you the much needed traffic for conversions. And the network will be your go-to source for inspiration and motivation.

Using those same social media profiles, begin digging around for the influential people in your target niche. Buddy up with these individuals by contacting them through multiple platforms such as a quick email, blog comment, and social mention. Simply put: get on their radar.

In due time, you’ll form a relationship with influential people that will give you greater opportunity than you going on a solo mission.

Action #5: Launch Go!

Bring everything together for the big launch day.

The combination of your initial link building through writing (which also happens to build your brand) will start the motion of SEO. A big mention to your growing network will create the initial buzz. Updates on your social profiles will drive your work forward. Everything will come together.

These initial steps toward generating a passive income may feel small in the beginning but it’s all a process of repetition. Your income will grow with each passing day as long as you put in the hard work. It’s taken many individuals years to make a sizeable income – don’t get discouraged. Keep your head down and pound away at work.

Have you built passive income? What did you do in the initial stages that worked?

Disclosure: As an Amazon Associate, I earn from qualifying purchases. The commission help keep the rest of my content free, so thank you!

Reader Interactions

Comments

  1. Suraj @Smartfatblogger says

    Jul 26, 2012 at 9:55 pm

    Hi, Thanks for sharing this wonderful article. It helped me gain a lot of info.

    Reply
  2. passive income says

    Jul 31, 2012 at 2:57 pm

    Agree, For me passive income means an income generated regularly without any effort. Only effort is (if any) needed at the beginning, when you setup an account in your bank :)

    Reply
    • Abdul Qoyyuum says

      Aug 9, 2012 at 1:24 am

      Agreed. Before you can even start making money online you gotta sign up at some online payment gateway that works for you. Like Paypal, Skrill or Payza, etc. Simply because these take time to verify your account and start receiving money.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Hohem iSteady Mobile Plus Gimbal Stabilizer Review – Upgrade Your Phone Videography On A Budget

Airdog X5 Air Purifier Review – Is TPA Better Than HEPA Filter?

Welock Touch43 Fingerprint Smart Lock Review

HeyChy Deep Tissue Massage Gun Review

Follow TechWalls

YoutubeFacebookTwitterInstagram

Recent Posts

  • Secure Your Home With SECURAM
  • C3STROM ASTRO PRO – An E-Bike with Classic Rebel Motorcycle and Modern Ride
  • Bluetti AC500 & B300S Hit Canada Market During 2023 New Year Sale
  • Hohem iSteady Mobile Plus Gimbal Stabilizer Review – Upgrade Your Phone Videography On A Budget

Copyright © 2023 ยท All Rights Reserved

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional cookies Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}