Comments on: Alternative Income Streams – August 2009

By: Living Off Dividends & Passive Income

Living Off Dividends & Passive Income — Thu, 03 Sep 2009 00:14:44 +0000

$1600 is probably the amount of time you could have spent watching tv or gone drinking with your buddies. So effectively replacing that time saved you $1600/month!!! Way to go!

By: My Journey To Billionaire Club

My Journey To Billionaire Club — Fri, 21 Aug 2009 14:07:22 +0000

Really Nice thought. You run several Websites successfully. That’s a great thing. In my case, I can’t manage several Assets at one time. Rather than, I put all of that Time & Mind labour to grow just One Asset….!!!

By: Deuce Carter

Deuce Carter — Wed, 12 Aug 2009 18:13:20 +0000

“If bloggers paid themselved salaries, most would probably be making minimum wage..” – blogging banks

Right…but the key words in your sentence are PAID THEMSELVES. Maybe its just me, but it makes it all worth it.

By: Blogging Banks

Blogging Banks — Thu, 06 Aug 2009 21:40:48 +0000

Scott,

What you are forgetting that the time to operate a blog is typically much more than 40 hours/week. If bloggers paid themselved salaries, most would probably be making minimum wage..

By: Scott Lovingood

Scott Lovingood — Thu, 06 Aug 2009 16:13:12 +0000

A blog that starts generating revenue quickly is a tremendous business model. Most full time businesses require 1-2 years to break even and require a significant investment of money upfront.

Blogging replaces upfront money investment with upfront time investment. Building passive income isn’t a passive journey!!

And if you pick a subject that you love talking about anyway, blogging is just fun!!

By: Kosmo @ The Casual Observer

Kosmo @ The Casual Observer — Wed, 05 Aug 2009 03:39:25 +0000

I’m approaching the 6 month point (4 months since moving to my own domain, though). Although I thought I had a good idea what I was doing when I started, The Casual Observer had changed quite a bit. For example, I never really intended to have multiple writers!

By: Toogie

Toogie — Wed, 05 Aug 2009 01:18:49 +0000

That’s what I’ve been learning on every blog, every big of advice I find. It takes a long time for a page or a site to “season” in the eyes of Google. (And apparently Bing puts even more emphasis on age.)

But that’s the cool thing about “passive” income. You’ve got to build it for the joy, at least on some level. It’s like casting your bread upon the waters. (Plus the slow lead time gives you a chance to learn and fix your mistakes.)

By: Lazy Man

Lazy Man — Tue, 04 Aug 2009 03:29:47 +0000

I think his thought is that it usually 6 months (give or take) for a website to take off. Some of that 6 months could be marketing and some of it could be waiting to rank in search engines.

By: Deuce Carter

Deuce Carter — Tue, 04 Aug 2009 03:20:43 +0000

“My friend says that you build a website for 6 months from now – not for now.”

Though its not the overall subject of this post, that statement jumped out at me. Would you mind expanding on it further?

By: The Poker Meister

The Poker Meister — Tue, 04 Aug 2009 00:52:40 +0000

I have been reading your blog for awhile & like you, am always on the look out for alternative income streams. In addition to starting a blog on a hobby I love, I have recently put in the time to learn how to become a profitable Texas hold’em poker player. This is a hobby I enjoy, so I have taken something I love & turned it into a money-maker.

Just another example of a less-than-traditional alternative income stream!

-The Poker Meister