One Dollar In Passive Income Goes A Long Way

Make a dollar. That’s right. I’ll say that again. Make a dollar.

Now I know that you maybe thinking that making a dollar isn’t going to fund your dreams or anything like that but please hear me out.

Making a dollar online is a fantastic step to your online business. By making your first dollar, you are actually establishing a success step towards making more money online.

Opportunities Online

There are so many opportunities out there that show you how to make money online. Yes they promise you great riches overnight and most of them I admit are scams. However, if you can find a single business model that helps you generate your first $1 online in passive income, that is a wonderful step to be in.

The reason is because if you can successfully generate $1, then you can make $2, then $3 and so forth. All you need to do is do the same steps you did before to generate that $1 in passive income and just scale it.

Many people believe that by trying to make millions of dollars online, you are successful. I disagree with that mentality.

The Reality Of Making Money Online

Making money online is hard. It takes time, it takes dedication and it take a lot of hard work. Anyone telling you that you can make a fortune online quickly is simply lying. It’s not possible.

Sure there are ways to make heaps of money online within 24 hours but the effort that was put into that comprised of many years. Take for example, Jeff Walker’s Product Launch Formula talks about how you can easily generate thousands of dollars overnight.

Making thousands of dollars overnight is definitely possible, however you need to spend over 6 months getting the leads, building the relationships and marketing. It’s never an overnight thing.

People see the end result but never see the amount of blood, sweat and tears that went into it. That’s the biggest problem with internet marketing, many internet marketers promote the overnight success because that’s the hook.

Making Money Online Is Hard Work

Let me be frank with you, generating income online takes hard work, it takes a lot of time and it’s definitely not an overnight thing.

There’s heaps of times when I started a new online venture and it completely failed. I’ve lost thousands of dollars online in building my companies but I don’t see it as failures, but rather stepping stones to future success.

If there’s one thing I’ve learnt, if you want to achieve anything good online, it’s going to take time, it’s that plain and simple.

Don’t be lured by the quick over night success, quick buck and huge fortunes online. Don’t be lured by those, those are measly fantasies being sold by internet marketers.

One thing that Internet Marketers do is that they know the hot buttons to press in order for people to buy a product. They know that if you’re in pain, if you’re struggling with money, they will promote to you a product that will in hopes take away that pain.

They would harp on it and it would lure you into the overnight success fantasy.

Don’t fall for this, do your research and make sure you’re dealing with a credible expert with proof of their claims.

The best way in which you can test the validity of a money online product is to test it. Just try it first, see if you can make your first dollar with it and if you’re successful, fantastic! Just keep doing it and continually increase your progress.

This is the secret to making money online that’s sustainable. Just take it one step at a time and just make that first dollar in passive income.

Remember the power of the compound effect. Just because you’re making $1 per day, it doesn’t mean that it’s negligible. By making $1 dollar per day, you could be making $365 dollars per year in passive income. However, if you made $2 per day, that’s $730 dollars per year. Just keep increasing your passive income goal and watch your income soar every year.

To help illustrate, lets play the what if game.

$1 per day = $365 per year
$2 per day = $730 per year
$10 per day = $3,650 per year
$20 per day = $7,300 per year
$50 per day = $18,250 per year
$100 per day = $36,500 per year

So there you have it, the ultimate way of generating passive income online. Just focus on getting that $1 in passive income and work towards increasing it every single day.

One day, you’ll look back and be thankful that you worked so hard at your business and living the passive income lifestyle, the lifestyle of financial freedom.

Good Journey.

Khoa Bui

Your Name:
Your Email:

Your privacy is important to us, therefore we will not share your details with anyone else.

About the Author Khoa Bui is a best selling author, international speaker, corporate trainer and entrepreneur. He has been featured on Entrepreneur Magazine, Channel 31, Global News Network and more. He has a passion for writing, traveling the world and building online businesses. Find out more about Khoa here.