The site produces passive income because it ranks organically in Google for many popular buyer keywords. Any time someone makes a purchase through a link on the Lucie’s List website or newsletter, they make a commission for the referral. This website generates passive income by referring mothers to relevant products and services that they will be buying anyway-things like strollers, diapers, and high chairs.
Some of these posts are product reviews that link directly to Amazon where people can make a purchase. They have a large blog where they provide insight and helpful tips for mothers bringing up their babies. The site offers personalized newsletters based on the mother’s stage of pregnancy by asking for the baby’s due date. For example, Lucie’s List is an affiliate site that helps moms survive pregnancy, childbirth, and parenthood in general. This is a website that focuses on a specific topic and generates an income from referring visitors to related products and services. A couple examples of passive income ideas include: A niche affiliate website Working a day job would be an example of an active income stream, on the other side, because you’re spending your time in exchange for cash. This is when there is regular cash flow coming into your bank account without having to trade your time for it. It’s often achieved through creating passive income streams. So how do people achieve financial freedom? Achieving a degree of financial freedom is an ideal springboard to launching and growing your startup. A study by the Global Entrepreneurship Monitor found that 73 percent of entrepreneurs fund their ventures through their own savings, an average of $15,000.įor some online businesses, the startup capital is actually a lot lower. It also provides the perfect opportunity for you to launch and grow your own startup. Whether it’s taking up that hobby, building your dream business, or giving back to the world in some way, money gives us the freedom to become masters of our own reality. Time to spend on whatever you want to do. It buys you something more precious than money. Financial freedom gives you options in your life. To me, it’s all those things and much more. Is it not having the burden of a loan and credit-card debt? Not trading your time for money? Or simply not having to worry about your finances in general?
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