What are some common myths about passive income?

[King bell]

There are many common myths about passive income that circulate the internet. The most common myth is that passive income is easy to achieve and does not require any work. This could not be further from the truth!

Passive income takes a lot of time, patience, and hard work to achieve. It is not a get-rich-quick scheme and there is no such thing as easy money. While it is possible to make money while you sleep, it is not something that will happen overnight.

Another common myth is that passive income is only possible through investments. This is not true! There are many ways to generate passive income, and investments are just one of them.

The bottom line is that passive income is not a myth. It is a real and achievable goal, but it requires work and dedication to achieve. If you’re looking for easy money, you’re better off looking elsewhere .

 

[Mika]

One of the biggest myths I see circulating on the internet, mostly among those who have just started working online, is any money you make on the internet is passive income. These people tend to believe posting on paid to post forums, working on micro job sites or get paid to sites, working on freelancing sites are passive income sources. Well, passive income means the income you build without any on going work, if you have to work to make money that is active income and not passive income. You can earn as a freelancer only when you work on assignments, therefore, this is not passive income. A lot of people also believe activities like blogging and vlogging are also passive income sources. Well, these are not entirely passive income sources, but rather semi-passive income. You will have to work hard and work every day to make money through blogging and vlogging.

 

[saoussen5765]

Exactly @Mika because if you have a vlog or blog you need daily interaction. Because if you abondonate the blogging for certain period like a month so what happens exactly:

• Low conversion even if you run ads
• Outdated subjects due to lack of the activity
• People start leaving the platform as there is nothing new
• Decrease in terms of search means your site even decrease in search results or even being removed from search engines

At least if you have some offline commitments that may prevent daily activity, try to do it twice a week.
Therefore you will not get bored or even once a week.
Try to hire some moderators or editors to write with you then it will be a cooperative work if you are someone with many offline commitments that prevents daily presence and feed with new subjects.
This is why it is semi-passive income for my point of view.

 

[anil02]

There are many common myths about passive income that circulate the internet. The most common myth is that passive income is easy to achieve and does not require any work. This could not be further from the truth!

Passive income takes a lot of time, patience, and hard work to achieve. It is not a get-rich-quick scheme and there is no such thing as easy money. While it is possible to make money while you sleep, it is not something that will happen overnight.

Another common myth is that passive income is only possible through investments. This is not true! There are many ways to generate passive income, and investments are just one of them.

The bottom line is that passive income is not a myth. It is a real and achievable goal, but it requires work and dedication to achieve. If you’re looking for easy money, you’re better off looking elsewhere .

Most of peoples start online work only to earn hug amount with is short period. But after starting this work they will understand it that online work also have limits, and we have to work here to earn like other off line work.