Passive Income Accumulation
Because of passive income accumulation you can make hundreds of dollars per hour on the internet.
Several years ago I typed out a few notes for myself about construction codes requirements - my day job is contracting. Some time after that I reformatted those notes to serve as a cheat sheet for my employees to use, and eventually I posted them on my company website. At the time (almost 10 years ago) I didn’t use any kind of analytics nor did I know how to use server logs, so I had no idea how often users landed on my website or what they looked at once they did. When Google came out with Adsense, being fairly mercenary, I signed up and started making a few bucks a month in add clicks.
To make a long story short I eventually noticed that the notes I had jotted down years before were making me several dollars a month and I got more interested in maximizing that income. Since then I have started several websites and written quite a few more articles, but that page of notes has continued to be one of my top Adsense earners.
I revise that article every so often to keep it up to date, and it earns me more and more income as time goes by. Last month I made almost $70 dollars from that one article and I expect that as time goes by it will do even better - based on past experience. So, over the past few years in consideration of the time it took to write that article I made hundreds of dollars per hour spent writing. Remember, this is just one article I’m talking about. Imagine having 100 or more articles like that working for you every month from now on.
That my friend is what I mean by passive income accumulation.
At the time that I wrote that “article” I had no idea it would ever make me any money. I wrote it because the information was useful to me. The source of the information was authoritative - the code book – I just listed the essential elements in a brief, easy to understand format, inputting very little of my opinion. I now see that this is one formula for a great article – useful, authoritative information in an easy to use format. This is an example of Value Blogging.
You make a good point: a lot of times, people hear numbers like $70 per month and scoff, but like you said, that article that might have taken you 2-4 hours has now generated hundreds of dollars in income. I’ll take a $200+/hour return rate on writing any day of the week. Of course, for every money-generating article, there are ten that make nothing at all, but as you put the time into it, I think you start to get a feel for what people are looking for (often, the same things you were looking for that led you to write them down in the first place).
Dr. Pete,
If you invested $8400 in a stock that earned 10% (which would be a pretty outstanding average) it would earn you $70 dollars per month.
It takes me a lot of hours to earn $8400 dollars to invest.
I’m pretty happy with the kind of ROI that $70 / month for writing an article represents. But then I tend to look at things in the long term.