Do you know what it feels like to have money randomly deposited into your Paypal account? I do. And let me just tell you – it is freaking awesome! Random income generated from work done in the past is the essence of what this whole passive income thing is all about.
Almost all of my passive income, though, is generated by selling or promoting other peoples products. This includes affiliate income from this site and from my niche sites, Adsense pay-per-click income, as well as Amazon affiliate sales from my niche sites. All other peoples stuff. I say almost – because I did create some service based income in the past (selling keyword packages). But that wasn’t exactly passive. What that experience did for me though was showed me my potential and gave me a taste of having random people pay me for something that I created. [Read more…]