Smart Passive Income #7 - Sources - Blogs, eBooks, Membership Sites

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I have just listened to a podcast where Pat warns, not to try earning money writing guides on how to earn money ... So, it's really good that I do not expect to earn money, and these blog entries are only meant for me to summarize what I have learned(?) and for future reference ...

... continuing with Blog entry #7 ...

Still trying to create passive income - meaning create a product which then sells itself automatically without further doing - Pat explains how information may be such a product. He names three ways how to generate such a informational product:

• as blog,
• as ebook,
• on a membership site.

A blog is easy to start using e.g. wordpress or blogger. You can provide free content to your readers, establish that you are an "expert", which you can monetize using adds, affiliate links or even donations. It will be hard to show that you are different from the thousands of similar blogs, it takes time, and you need to update your content.

With an ebook you provide your precious information material all at once and you get a certain amount of money per sold copy. It might some time to create your ebook. Afterwards - if your information does not become outdated - you do not have to add to it. But it might be difficult to tell people that your book does even exist ...

A membership site had the advantage that if your memberships are reoccurring and nobody unsubscribes, you get more and more money ... However it might even be more difficult to convince people of your genius and that they should actually give money to you ...

... so, what will it be?