Passive Income and Automated Cash Flow…
The Common 3 Automated Cash Flow Oversights
Going in to new ventures can be frustrating and challenging, so we will cover 3 automated cash flow beginner oversights.
This is a common picture nowadays. Living the beach or “laptop lifestyle” with the freedom to travel, sleep in, work from home and the list goes on.
Just setup your web page and the money will roll in… not likely!
Every day businesses are competing for ads and attention from internet surfers. This means you need to stand out from your competition and bring something unique to the Facebook newsfeed for example.
When looking to the internet to start creating extra income, most people don’t have extra cash to get started or expect that they can do it all for free or with very few dollars.
You can create a blog like this one through WordPress.org, totally free! YouTube, Facebook, Instagram, all free for you to create and share content and your message or services with the world.
1. It’s Easy – Anyone Can Do It! (Little / No Effort)
Starting a business online and getting started hasn’t been easier. We hear about all of the people who create new innovative opportunities, e-commerce stores, guru and coaching businesses and more all through the power of the internet.
[Kicking Back Picture]
This doesn’t mean there wont be work behind the setup, and that’s just to get the moving parts in place!
Everything about the business and brand has to be a consistent message. Take this blog for example that talks about optin funnels, sales funnels, affiliate marketing, leads and other marketing topics.
Creating passive income online is easy in comparison to a new brick & mortar business or how businesses used to be built and funded before the internet. Before searching for investors to help get your company started, you can already be up and running for very little.
This could be a free blog, podcast or YouTube channel to start growing your audience alongside of social media engagement which results in a group of potential customers or clients.
You will need to learn a little bit of techno-lingo along the way – so be prepared to create your own glossary as you start up.
2. No Time Cost (Upkeep)
Number 2 of the 3 automated cash flow oversights!
Now that we’ve covered the “setup” talk lets discuss the time to upkeep your passive income machine.
You’ve seen the picture of a guy / girl on a beach “kicking back” while the bucks roll in, but they wont share with you the effort it takes to fix bugs, keep content updated and relevant and speaking to customers. (Chances are you wont have a support team when you start)
They make it look so easy as though they have all the time in the world, but anything that is worth doing takes effort.
Buying PLR or using Whitelabel products and affiliate marketing can be a good way to get started since you wont need to create the product from scratch. That means no recording videos, writing lessons and such, graphics etc.
So consider those options when getting started.
3. Quick (Quality)
You’re starting to see this wont be an overnight success, but having been researching different options and strategies you should be ready to start!
Consider an industry, or niche, that you are interested in and possibly passionate about. This will make it more manageable and relevant long term when you feel like quitting.
There are many great resources to help you get started and a ton of free training! (Check out this Free Affiliate Bootcamp for example)
Knowing WHO is interested in the product or service and HOW it helps them or improves their life is what is important. If a business isn’t helping someone, it doesn’t have customers.
We hope you enjoyed the 3 automated cash flow misconceptions article, give it a share or like us on Facebook!
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