Creating a passive income business seems like a bit of a paradox if you think about it.
Passive income is all about making money while you sleep. There is little to no effort or time required.
The problem, or paradox, is that it takes time to get the business to a point where it is generating passive income. It doesn’t just happen out of nowhere. Someone, somewhere has to put effort and time into it to make it happen.
For example, so far I have probably spent 20 hours or so starting my new passive income online business here at BusinessBuildingOnline.com. But I have not earned any money yet! There is nothing passive about it. It is the opposite of a passive income. There is no income and very un-passive!
The main question is how long will it take for me to get it to where I can leave everything alone for a few weeks, or a month, and the business continues to generate income? When will it truly be a ‘passive’ business?
The reality is it takes a lot of work upfront to make this happen.
I feel as long as I focus on building this the right way and incorporate all the passive income-related tools and technology along the way, eventually, it will be a passive income money-making machine.
There are a lot of unknowns and uncertainties, but it is an exciting venture that I am fully committed to pursuing.
I am keeping track of when it will finally be passive!
Best,
Derek at businessbuildingonline.com