Passive Income Definition
For starters, we need to establish what, exactly, passive income is.
Passive income is income that does not have a direct correlation between the work or resources invested and the resulting earnings. Passive income usually develops gradually over time, and can be a recurring income stream.
For example: stock dividends are one form of passive income. You buy the stock, and receive a dividend payout over time.
Full-Time Passive Income Is Possible
The second thing I want to establish is that generating a full-time passive income online is possible. Not only that, it’s possible for nearly anyone to accomplish this aim.
The reason is that there are nearly endless opportunities to earn significant, recurring revenue streams online. Affiliate marketing is one of those opportunities. If you don’t believe me, you should read my post providing examples of affiliate success.
Passive Income Is Not “Easy Money”
The reality is that no realistic, sustainable income is going to result from little or no investment. Whether you put in your own time or you pay someone else to do it for you, it takes time and energy to build a successful business online.
The ‘passive’ part of passive income simply means that when you do earn money, that revenue is not directly tied to your work. But, your work is still essential. With passive income, the results are delayed and often greater.
If you’re seriously interested in earning your living online, you need to first decide if affiliate marketing is right for you. Otherwise, continue on to read how to get started with affiliate marketing.