I’ve been blogging off and on for a couple of years and it just hit me…I’ve had the wrong mindset about blogging. There is more than one form of income that I break down in my mind into four categories: active (sometimes called linear), passive, active/passive combo, and windfall.
Active Income
Active income is exchanging time for money like working at a job or freelancing. Of course there are advantages to having that set amount of money coming in; but there are also disadvantages. For example, your time is not really your own when you’re working for money. Active income takes a short-term outlook to meet current needs.
Passive Income
Passive income is generated by working once to create a stream of income then collect income perpetually (or until the stream dries up). Think long term here.
The Active/Passive Combo
The active/passive combo is doing a job that will pay you when you do the work and will continue paying afterward. For example, when an actor receives a salary for their role and receives royalties afterward. Now that is the best of both worlds.
Windfall Income
You may think about an inheritance or winning the lottery when you hear the term windfall, but I’m talking about actual income. My old law firm did this in the form of working certain types of cases–those taken on a contingency basis. It’s all or nothing but well worth it for the right cases.
Now back to blogging…I was treating my blogging experiences as active income. When I wasn’t seeing immediate results, I became discouraged and backed off blogging. But this epiphany hit me, blogging is for passive and windfall income. Blogging is a long-term project that will generate passive income if you persistently pursue this path.
If you’re on the brink of giving up on blogging, don’t. (At least not yet). First read The Blog Profits Blueprint. It’s a free ebook written by six-figure blogger, Yaro Starak. This book shows how to do blogging right and it’s free so what do you have to lose?
Related posts:
- Is Earning Passive Income Just a Good Thing or a God Thing? When I think about generating passive income, two passages of...
- Making Plans for the New Year For the past few years I have dabbled with generating...
- 5 Ideas to Help You Get Started Making Passive Income I believe making passive income is a critical step in...
- Passive Income Series I’ve been looking at various ways to generate passive income...
- Earn Passive Income: Follow This Blueprint to Blogging Success When I first started looking to earn passive income online...
Related posts brought to you by Yet Another Related Posts Plugin.

![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=e5f48416-12e6-4c0c-8cbf-90e391a89eb1)



0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.