Comments on: Why a little passive income from a side project is worth a lot more than you think

By: Guest Post: ERE-Lite or, How I can easily live on £5000 per annum — Part I « The Palimpsest of Sawbones Surio

Sat, 29 Oct 2011 07:51:59 +0000

[...] and this had convinced me that extra income streams, even small ones, were worth cultivating, so I started diversifying. I bought a bulk load of remaindered books and set up an Amazon account; I started doing paid [...]

By: Ben

Ben — Sun, 18 Sep 2011 08:06:09 +0000

Great article and in the vein of Tim Ferris’ book “4 hour working week”, Yes, I think you are on the right track as the last post from Paul points out; if you end up starting several projects with similar income, and you reinvest this income in your web businesses, could easily be an alternative income before a few years have passed. You ability/skill etc in this area will grow and next venture may be much more successful. Making money while you sleep is a great plan. Good luck.

By: Is there any income sweeter than passive income? | Amateur Investor

Is there any income sweeter than passive income? | Amateur Investor — Thu, 11 Aug 2011 17:40:32 +0000

[...] a few quid here and a few quid there as insignificant. Read the excellent Monevator blog “Why a little passive income from a side project is worth a lot more than you think“ to see why I say [...]

By: Paul Thomson

Paul Thomson — Tue, 10 May 2011 20:51:11 +0000

I second the comments of ‘mylifeandfinances’ and that from The Investor; a small residule income from 1 site may not be mega bucks, but should the skills learnt creating an online presence and setting up the business be replicated 2, 3 or even 4 fold you have the potential to triple your income for less work each time. The resulting factor, 3 more holiday’s per year, should you be able to take the time off from your full time job that is .

An excellent post that will always raised mixed issues on the subject. I support anyone who is willing to learn the skills needed to succeed online; It can be hard work, but like all things, the more you put into something the more you are going to get out of it.

Good luck everyone with their ventures,

Thanks,
Paul

By: DeltaROI

DeltaROI — Fri, 06 May 2011 17:54:45 +0000

The problem is when this “passive”source of income becomes an active source of outcome. It’s easy to get tempted by the zillion scammy tools out there offering you a way to promote your passive income source and boost its income.

By: Green Stickman

Green Stickman — Fri, 01 Apr 2011 05:48:29 +0000

This is great article! I am also writing article about active and passive income. I may say that this is an interesting post as well. Thanks for the info!

More power to your site!

By: LifeAndMyFinances

LifeAndMyFinances — Thu, 13 Jan 2011 17:28:38 +0000

I’m going through the same thing currently. My blogging
income is maybe $10 a month, but I am just starting out. There are
other perks to my site though. I am now a staff writer for an up
and coming passive income website – this often times nets me over
$100 a month. It’s a nice bit of cash that I didn’t have before.
Also, I am starting to promote other people’s e-books and products.
Not only do I make a 50% commission on the sales, but I also get
the products for free! I hope my site takes off, but I think this
one little step has really propelled me into all the opportunity
that’s available online! I’m excited to learn about the next
income-producing adventure!

By: Rich Dad Poor Dad’s Increase your Financial IQ « Simple Living in Suffolk

Thu, 07 Oct 2010 19:48:54 +0000

[...] bangs on about passive income,which is correct, but not something I didn’t know. Where he did add genuine insight for me [...]

By: Pete Matthew

Pete Matthew — Thu, 08 Jul 2010 20:17:06 +0000

I found this post really exciting actually. £5 per day really doesn’t sound much but £1,865 per year? Damn, that’s a nice holiday! Makes me excited about a side project of my own.
.-= Pete Matthew on: MM No 23 – Risk =-.

By: Blogging for Profit Blog Carnival for June 28, 2010 | BlogConduit.com

Blogging for Profit Blog Carnival for June 28, 2010 | BlogConduit.com — Mon, 28 Jun 2010 00:17:27 +0000

[...] Investor presents Why a little passive income from a side project is worth a lot more than you think posted at Monevator.com, saying, “Small revenue streams add up over time, and they’d be [...]

By: Working at Home Blog Carnival-196th Edition

Working at Home Blog Carnival-196th Edition — Fri, 25 Jun 2010 11:35:13 +0000

[...] Investor presents Why a little passive income from a side project is worth a lot more than you think posted at Monevator.com, saying, “Don’t be disheartened if your revenue stream starts a [...]

By: What’s up with this Calvinist Work Is Good For You Thing? « Simple Living in Suffolk

Tue, 22 Jun 2010 06:12:27 +0000

[...] realise that with grit and determination you can save enough to retire early, particularly if you spin off alternative income sources. I can only do the preparatory work and learning with alternative income while I am still working [...]