Creating Passive Income Through Entrepreneurship

Posted By Carlos Batista on Jan 17, 2017 in Business Topics, Online Business, Personal Development, Uncategorized | 42 comments


Creating passive income through entrepreneurship can be achieved by anyone willing to step out of their comfort zone.

My biggest problem in becoming self-employed was me.

In order to be a self-employed person I had to start thinking like one. I found myself reverting to that nine-to-five mentality. If I wasn’t accomplishing a task every hour, then I must not really be working.

Sometimes a self-employed person has to make decisions about their business. Sometimes it is just thinking about a solution to a problem. Sometimes you just have to quiet your mind so new ideas can come to the forefront of your mind. Just because you’re not pounding away at the computer every minute doesn’t mean you’re not working.

I’ve also learned that it’s okay NOT to answer the phone every time it rings. That’s what voicemail is for, and the same goes for email. At my nine-to-five job I would leave the email program open all day and answer each one as it arrived. It took me a while to realize it’s okay to only check email several times a day instead of constantly being interrupted. It’s actually more productive than having to stop your thought process every time “you have mail.” At my other job, I was able to let a phone call roll over into voice mail, but it took me a while to be able to shut down the email too.

You’re going to have days where you feel you didn’t accomplish much. Then again, you’ll have days where you’ll feel you can conquer the world and you’ll be amazed at how much you got done. Some days you may not finish many tasks, but you’ll make a decision on a problem that needed to be addressed. Or, you will have learned a valuable lesson about yourself.

And, I had to learn to stop breaking down all my tasks into dollars and cents. I tended to worry about how much I was or was not earning every day. The truth is, some days you’re going to make more than other days. If I spent my day on marketing issues, even though I didn’t earn any money from it that day, I would benefit from it some time in the future.

Rather than worry about what benefits I do or don’t have, I realized the benefit I have in my business is that I answer only to me. Everything I do will benefit me sooner or later. Instead of my income being dependent on somebody else’s budget, I can go as far as I dream.

And because I’m now doing what I truly love and not what someone else tells me to, I’m much happier and more content. I learned if you start THINKING like an entrepreneur, then you’ll actually be one.


Unlimited Income Potential

Would you believe me if I told you, that you have an unlimited income potential? That you could be your own boss and decide when you’ve made enough money. Would you believe that your business could make money for you around the clock, even as you sleep, with no effort at all? Well that is exactly what I’m going to do!

Don’t get me wrong, this will initially require quite a bit of effort. But after you get the ball rolling, the maintenance is minimal. The only time it’ll require more effort, is when you want to increase your income, and even that will get progressively easier each time.

This is also referred to as passive income. So how do you create passive income?

Many people are interested in finding high income business opportunities through a legitimate home based business. At the same time, most people don’t like to sell.

This creates quite a quandary. However, there is a way to achieve your business dreams without selling.

The fact is that most people make money by working a job 40 to 60 hours a week. This is called generating active income. But what about generating passive income?

There are people who have figured out a way to create money without actively working all the time.

Although, generating passive income on the internet may seem like a pipe dream to most people, it is not. It can be fairly easy generate passive income on the internet, as long as one realizes that it does require some effort, especially in the beginning and if you do not have the right products, services and systems in place, your best option would be to find someone who does then learn from them. This is also referred to as finding a mentor.

What is passive income

Passive income is income a person gets from a business or product they market but are not continually, and actively involved in. For example, if a person brought an apartment building they are not necessarily involve in the day-to-day operations of it.

They might hire a management company to take care of the building. The management company can maintained the property, hire help and collect the rent. However, the person who owns the building still makes money even though they don’t actively participate in it.

Affiliate programs

One of the quickest ways to generate passive income is affiliate programs. What are affiliate programs? Affiliate programs allow people to market their products or services and get payments for selling their products.

Finding the right product with the right support behind it can be tricky but I have found that Six Figure Mentors has one of the best, most complete and comprehensive structure in place that even a beginner can profit from. You can find out more here.

Referrals

Referrals are another way to go to generate a passive income. All a person has to do is create a solid base of people who offer services or products related to your business, and every time you refer their services you will receive a commission. once again this is where Six Figure Mentors shine.

For example, if you were a selling books online, then your can refer people to book review sites or writers site.

Conclusion

Everyone wants to figure out a way to make money even while they sleep and creating passive income through entrepreneurship is the way. The ideas listed above are just a few ways to generate a passive income. Although, they require some work and maintenance, they are never-the-less good places to start creating the income you have so far only dreamed about.

Ask yourself if what you’re doing today is getting you closer to where you want to be tomorrow?

If your answer is NO and you want to change it to YES Then Follow This Link To Find Out How!

 

 

42 Comments

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