The idea of passive income has evolved over the years — from selling basic information products through snail mail for a few dollars to sophisticated high-end webinars directed at executives for thousands of dollars. We all want in on the passive income action and the dream of logging into our email to see sales racking up overnight like magic. But it’s not quite that easy.
Despite the name of his wildly popular blog, Smart Passive Income, blogger and entrepreneur Pat Flynn readily admits there is no such thing as 100 percent passive income. Although he made a name for himself with his six-figure monthly income reports from his passive income pursuits, he also details how much work it takes to get his ideas off the ground.
To truly earn a viable return on your passive income pursuits, you’ll need to put in plenty of upfront work and hustle to get your idea off the ground — with little to no reward on the front-end. But stick with your goals and you could create multiple streams of revenue that are automated and ready to put a profit in your bank account.
Here are 5 ways to get started making passive income.