Passive Income – a new commitment

I’ve written on this blog about passive income before. And I had big plans to make passive income a reality for me. What actually happened? Life with a baby – I’ve been busy, and I’ve also been writing content articles because I’ve needed the money up-front.

I’m tired of writing for someone else making $.02 per word or even $.01 per word. It just isn’t worth it to take time away from my baby and make $5-$10 per article. I’m not going to do it anymore. It’s killing me!

So the new plan. I’m going to work as hard for myself as I was working for other people. And I’m going to be earning  $500 per month in passive income by the end of the year. I know that’s not a lot compared to some, but it’s a good start for me. From there, I’ll just keep growing my income.

How am I going to do it? I’ll tell you.

I’m going to purchase Maria’s ebook that details how to maximize earnings on eHow (I’ll review it on here in a future post.) She is the known expert on making money on eHow – she is earning around $1,000 per month from the site. Amazing! I’ve resisted buying her book because I hate spending money. But guess what? I’m taking my business seriously, and you have to spend money to make money.

Then I’m going to write 20 articles per month on eHow for the next 3 months. I’ll review my progress at that point to see whether I increase or decrease article amounts. (Some people write hundreds of articles per month, but I know myself and am being more conservative.) Join eHow and start writing yourself! You can see my profile on eHow here.

I’m also going to write 20 articles per month on Bukisa for 3 months. I haven’t done anything with Bukisa yet, but I’ve heard decent reviews. Their payout is only $10, so it’s worth trying out. Join Bukisa here if you’re interested.

I’m launching a new blog in June. Blogs aren’t really passive income, since you have to regularly update, but I’m including it anyway. I’m giving myself until June to research my niche, build the site, and get that going. I’m not expecting it to be a big earner at first, but it’s something I’ve wanted to do for a long time, so I have to give it a shot.

I plan to create a niche website by the end of the year. Lis writes a compelling blog post on how she is going to earn a passive income. I will probably create several of these, but I’m starting with just one and moving from there. These websites, unlike blogs, don’t require constant updates.

I may do several other things – submit articles to article directories, create a Hub Page or two, and write an ebook. We’ll see how the rest of it goes first.

And, to keep my on track, I will do a weekly passive income post where I share my ups and downs and what is working and what isn’t.

p.s. Do you twitter? Follow me on twitter and I’ll follow you back.

*Photo courtesy of pfala