Creating Passive Income: The IPP Definition
According to Pat Flynn’s Smart Passive Income Podcast: “In order to build reliable passive income streams, we must first understand exactly what the term passive income really means. Definitions vary. In my experience, what most internet entrepreneurs crave”—and what we focus on here at IPP—is:
Building online businesses while taking advantage of systems of automation that allow transactions, cash flow, and growth to happen without requiring a real-time presence.
In other words, we don’t trade time for money. Instead, we build systems that are automated with the use of strategies that we will share with you through our blog and podcast. We know that it sounds “too good to be true”, but once you start learning from us, you will see how, you can be anywhere in the world and make money from just about anywhere.
The IPP Business Model
In the video below, you will discover how we built Internet Prosperity Podcast. We, illustrated exactly how we built our blog and podcast, so we can be as transparent as possible with YOU – our audience. This is the foundation of many profitable and successful business online. While we used our own systems, we used software that we feel is the best software to push out our practices.
What Passive Income Is Not
Here’s the truth:
- Generating passive income is NOT easy and it takes a lot of hard work.
- Generating passive income does NOT happen overnight.
- Generating passive income is NOT impossible.
- Generating passive income is NOT a “get rich scheme” either.
Types of Passive Income: What to Expect
We have two articles that we deem required for anyone who wants to get up to speed and get inspired with ways to make money online.
For flexibility, we recorded each article as audio so you can listen at your leisure: while you’re at the gym, on the commute home, or doing chores.
- 5 Ways To Make More Money in 2015 Through The Internet
- Are You a Pilot or a Passenger in Your Own Life?
Domain and Hosting Strategy
A website is an essential part of any profitable passive income business done online. There are a few free options like Blogger, Tumblr, or WordPress.com. Those are great options for some, but we don’t recommend that path for two important reasons:
1. When you use a free service, your domain name will almost always be an “extra” extension to the service provider’s own domain. For example, if we created IPP on Tumblr, the web address would be internetprosperitypodcast.tumblr.com instead of www.internetprosperitypodcast.com.
2. You have fewer customization options for design, functionality, and revenue. For example, we know that with free WordPress.com sites, you are limited to using only certain plugins, and you aren’t even allowed to advertise.
These two reasons alone are exactly why we recommend going with a self-hosted website. You have more control, it looks more professional, and you can truly call it your own.
Bluehost: The Provider We Use And Trust
We’ve used Bluehost since the beginning and trust them implicitly. All of my businesses run on them. We love their customer support, live chat, and reliability.
We hear horror stories all the time from other online entrepreneurs dealing with massive hosting headaches. We never have them with Bluehost.
The video below walks you through the exact steps to setting up your WordPress website on Bluehost. Five (5) minutes is all you need to register your domain, install a blog, pick a design theme, and write a post.
Our Newsletter And FREE eBook
Before you get started, we would like to kindly invite you to subscribe to our newsletter, which is full of exclusive content that you cannot find here on the blog.
Unlike other internet marketers, we don’t sell nor share our list with other companies. We use our list to deliver valuable and exclusive content to YOU. Feel free to unsubscribe at any time, but we promise you will not be disappointed.
As a thank you, you’ll get instant access to our FREE EBOOK, “10 Amazing Tools We Used To Build Our Online Business w/Less Than $300/mo”.
Just enter your name and email below and you’ll get a copy of it right away.
We just wanted to finish by saying that we are here for you. See, we made this business just for people like US. We struggled, bought THANK GOD we found our passion of helping people like US, that simply just want to build a better life for their families.
Joel & Raul