Today I am going to give you a step by step guide to
developing your first passive income stream. I have been talking about passive
income streams for a while and showing you how you can earn free money from
them but now I am going to put my money where my mouth is and show you how you
too can begin to develop you very first passive income stream with a $0 setup
cost and start earning free money with your very own passive income stream.
As I mentioned before passive income streams that require
little to no initial investment often generate much less income than their
amped up counter parts such as revenue generating assets but free money is
still free money where I come from.
You need to begin by choosing a topic that you are well
educated on from this you need to write a simple story or article, it doesn’t
have to be long just containing enough information so that people will read it.
Once you have completed this find a free web hosting provider. This can be done
with a simple Google search. Simply upload you article to the site, most free
web hosting sites offer a site building tool with this you can have you site up
and running in less than five minutes.
Now sign up for Google check outs and pay pal if you do not
already have an account. On these sites you will find a support me feature
simply copy and paste these onto your new site. This allows views to make donations
to you site through a trusted channel. Now all you have to do is submit your
site to Google to do this simply Google site submission from their you can
submit your site.
And that’s it you now have a site that people can find on Google
connect to and support you if you wish. It may seem unlikely that anybody will
make a deposit but remember that site will now be sitting there forever however
unlikely it is bound to happen eventually and you can now create multiple sites
in the same way to increase your chances of free money.
Let me know how you go, remember this is just a simple example
of a passive income stream to get you started without any investment. This and eBooks
is how I started off.
Good Luck
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