Different Approaches To Passive Income
It becomes more and more clear to me that diversifying my income sources is a smart thing to do.
You never know when your primary income source is about to sever ties and leave you abandoned with nothing but a wish for good luck and then they are gone.
In the world we live in it makes more sense to anticipate that than to question when it happens. Gone are the days of stability for any company big or small.
Let’s consider the publication of a book as a prime example. In bygone years, you couldn’t possibly publish a book without an acceptance from a book publisher. So, you fretted the rejection letter more than an eviction notice. Evicted you can find another place. Rejection and all your work for weeks, months, or years was down the drain. So you started all over again, sending out galley copies to more publishing houses waiting for more rejection letters.
So, a few people in a few publishing companies controlled access to everything.
But, you could be so bold as to freelance your writing or even self-publish. But, then, how would you market and promote the offer of your title to the book stores. After all, no one just sold books outright. You had to get shelf space in a bookstore in order to get the public to see your wonderful, self-published book.
But, you then had to find a printer that would print the book, and a binder to bind the book. These were off line and off press hit or miss opportunities and considered more a vanity press than a legitimate professional printing.
So, a few printers and binders controlled everything.
The real challenge was the marketing and distribution of the book which involved shipping and postage to which strategic locations in which places that were prime for a book like yours.
So then, a few people in a few marketing companies and a fewer number of people in a larger number of bookstores controlled everything.
Guess what…self publishing is done with a click of the mouse and distribution is worldwide and printing/inventory is digital and there are no barriers to writing and publishing and achieving income from book writing.
No one controls anything, and like the song goes, “money for nothing and the publishing is for free!” Well, that’s close to what those young men were singing.
That little history story was once true…just as true as the ending is today.
So, an approach to passive income is differentiated by your orientation to the environment.
We had explorers onto and into the internetland as early as the 1950’s. They continued to explore and create as they went.
Into the 1960’s and 70’s there was a growing interest in connecting computers. By the mid 1980’s the galactic network had become the internet and commercial use of the internet was replacing government supported development.
The pioneers were taking over. Explorers come first and leave enough of a footprint for pioneers to follow. The pioneers take back stories to the rest of the people and they come into the internet as settlers, seeing the richness of the land and taking up residence in a new home and in a new way of thinking.
But settlers are not natives. That only comes with the generation that is born to the soil. Those that grow up knowing nothing of the old way and discovering wonderful applications native to the land of their birth.
Explorers, pioneers, settlers, and natives all have a different approach to this land we call the internet.
Explorers move through out of curiosity and have little use for those who are present or those who will follow. Mainly they just want to say they were first through the door, with a wanderlust that takes them completely past what others stay around for.
Pioneers come with a sense of the new, a dependence upon the old, and an interpretation that is winsome enough to invite the settlers. Pioneers have the curiosity of the explorer and the potential of interest of the settlers, but enough boldness to get them into the land, courage to alert others, but impatience to actually reside.
Settlers come because they know its better for them than to stay where they are. They believe it can be better for those who are born to it, but they know they are more like pioneers to the new land than like their children who will be native to it. The typical settler fully understands offers like travel mlm, things that the pioneers missed entirely.
Natives just jump for joy to be in it.
Passive income approach by a pioneer would be, let’s don’t put too much money into something that we don’t see a direct exchange of income. I own something of value now, so that it can increase in value in the future, if I can still hang on to it.
Passive income approach by a settler would be, it’s going to take time, but I have the courage to pay the cost and wait to reap the benefit.
Passive income approach by a native is built on the premonition “let’s take what others have done, start with that” (don’t wait), pull the ingredients together that are rewarded in the present and see a return within 90 to 100 days, and be willing to lock in that return for as long as the system holds together.
So, which describes you.
A native would say, the age of a website is valuable to search engines that present their content as results of a search query. Some old websites are abandoned, but they still have evidence of old age. I’ll acquire those websites with age and use them for new things.
If you haven’t thought that way, then you’re probably not a native. (or, you haven’t been trained by one)
Ever wondered why younger natives seem to be replacing average settlers these days? Take a look and learn.