Creating Sustainable Passive Income Streams Online
As I grow older, I realize that time is my most valuable asset. My goal is to build streams of passive income that will allow me to use my time as I choose. The main challenge is to find sustainable and scalable ways to earn money online.
I have multiple interests that can potentially generate income, from music to photography. However, these activities currently provide only a small part of my income. The rest comes from my day job, which demands a significant amount of my time and energy. The aim is to diversify my income streams so that I can be less dependent on a single source.
Recently, I started exploring the potential of print-on-demand services. I create designs and sell them on Spreadshirt. I initially applied to Amazon Merch but got rejected. However, I didn't let this setback deter me. Instead, I sought out other companies offering similar services.
Running a website comes with certain expenses, like server costs. To offset these expenses, I've added advertisements to the site. I understand the annoyance ads can cause, but they are a necessary source of extra income. Of course, generating meaningful revenue through ads requires a significant amount of traffic.
Another avenue I'm pursuing is affiliate marketing. I've joined affiliate programs with Thomann and Amazon. When I review products on my site, I include affiliate links to the products. It's important to note that I never get paid for these reviews. I only review products that I've purchased with my own money. Hopefully, in the future, manufacturers might offer me their products to review.
I don't promote any product or service unless I believe in its value and use it myself. The ultimate goal is to earn passive income online to gain the freedom I seek. This journey is about building a life where my time is truly my own