Setting up a system to offer online stock photo licensing has been on my to-do list for months. But I had avoided sitting down to set up the pricing structure for my collections, thinking it would take too much time. When I finally did it, it took me about 20 minutes to price all my photo collections!
What boosted me into action? Talk about income without effort, a.k.a. passive income, was a key theme of the Millionaire Mind Intensive.
Stock photography is just one option for passive income. But it’s one of the most obvious for me, as a photographer with thousands of images showcasing extreme sports, street style, pop culture and more.
Network or multi-level marketing is another option that works for many people. But it’s important to find one that fits with your personality. Selling products and hassling with inventory — two typical components of many MLM systems — don’t work for me. But two that I’ve found fit well with my interests, personality and talents.
One is a program where you coach others online to achieve their health and fitness goals. Given that I am personally committed to improving my fitness after months where almost everything I did — snowboarding and downhill mountain biking — was gravity-assisted, and thus not especially aerobic, this was a great find for me.
Another harnesses the power of social networking to connect people who are committed to helping others on their path to financial freedom.
One of the better online resources for information about wealth building and passive income is the Rich Life Club, where I learned about the two programs above — plus many more jewels of business and investing information.
Anyone who’s interested in creating content online needs to look into affiliate programs. Given that I have actually worked in online marketing, as a SEO copywriter for MSN Search Featured Sites clients, it’s amazing to me that I never thought seriously about creating blogs as a means of moneymaking. Even when encouraged by others.
But when I decided to start this blog, I acted with no hesitation. In two days, I figured out how to set up a mySQL database and code my blog so that I could set up rotating affiliate ads — even though my prior HTML experience was relatively entry-level, and I’d never worked with PHP or XML files before.
And I already have hundreds of hits!