Just wanted to touch base on how I am doing and what I am personally working on. For those of you that know me on the site I do a little bit everything to test things out, learn ect.. But the reality of something cost money and other cost time. I feel I have a really good base on overall models online for making money. Each one takes it own experience level and time to do.
So despite there being faster ways to earn money I have really focused more and more on the Adsense model vs affiliate sales, banners ect.
Let me explain why and in a very straight fwd way = It cost nothing to do and It is a passive income for as long as there free traffic from search engines.
So right now I find myself avg about $10-$15($300 monthly) if you doubt it check out the screen shot. Keep in mind the daily goes up and down but I am pretty much right on the $10-15 avg.
This year I want to get insane and reach $40-50 daily so a nice ($1200-1500 monthly) Now that is what I call a nice passive income.
The reason I want to reach this is..Other types of cash require time and a good deal of analytics. Now you can make more money doing affiliate sales but you can also lose allot of money if you do not know what you are doing. Plus I am fascinated by the model of spending nothing and making money.
How do I plan to make this goal a reality..well for starters I am posting more articles daily…across different topics, I leave links on other sites, I grow printnpost with as much sincerity as possible because if everyone else makes money I will to.
I setup other sites to try other niches…for example recipes, lyrics, sports ect…
NOW My secret for you guys that are seeing money come in..so to NOT SPEND IT!..invest it!…I make a decent extra every month but I do not go and spend it..I buy a domain, setup a new site, order an ebook..learn, learn , learn….I do not want to settle to make $200, $500, or $1000 only..I want to make $10,000 monthly or $30,000. The only way to make that happen is to learn and wait and learn how to make it happen..you can not just sit around And wait….time passes, learns go an you need to make it happen for yourself or else it will never happen!
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I couldn’t agree more with your insights about AdSense. Residual income takes time to build but it’s worth it in the end. The thought of monthly earnings is attractive and for those willing to work at it, it will pay off over time.
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You hit the nail on the head. Your philosphy of investing right back into the model is great. I use the same idea but with a little twist. I always set aside 10% to go for mad money, dinner with the wife, toy for kid…whatever. Real estate guy gave this advice a long time ago, but then again real estate is far riskier then Adsense…
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This stuff is interesting. I think it should work…in case you needed my opinion. It doesn’t surprise me that you are not a native born American…you’re actually advocating SAVING!!! Hahaha!
My question is whether you have set this up as a separate business or just include the money as personal income. I’m asking because it seems that somewhere along the line if you set it up as a business, separate from your personal income, you would be able to use it as a tax shelter. Have you ever looked into this, and if so what was the outcome?
Thanks,
- Martin
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yes I actually have 02smedia as a corp for the exact reason you mention. i grew up as a biz child and father owned his 1st biz when he was 18. So with that plus books and surfing the web i have a well rounded idea of how things work.If you want me to go even further into things. If you incorp in nevada there is no states taxes
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Yes, that is the right way to build up and keep making more but be careful doing it there is a lot of fraud out there and when putting aside money for more ebooks watch wich ones you buy because some are scams, so try to read in to it before spending.
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