My Try at Building a Passive Income Business Model a Streamed Website

My Three Year Plan is Off and Running

Creating multiple passive income streams is everyone's dream. In order to make this happen, you have to understand exactly what the passive income is. I'm going to share with you today the business model that allows me to work just two hours a day in my near future, but not today! Yet to pull in a full time, CEO-sized income. I will have to do all the work the company employees did during those first years or start up years, to get this CEO/ Owner to this relaxed salary of his.

Before we get into it, I just wanted to mention that this isn't the only business model out there, obviously, there are at least a million of them out there today. As well there are many things you can do on-line and off-line to generate a decent income, but this is the business model that I choose to use because for one; I am physically disabled, with learning disabilities, and I have many things that keep me from working any 9-5 job still today.

But all that aside I am getting along. The other reasons are, It's relatively cheap and easy to setup, It's a very low risk for me to attempt It or try it for a year or three! (What have you got to lose?) I have only time to lose. For I have lost most everything else already at least once or twice. After it is setup properly, it will almost run itself on auto-pilot, which means you don't have to be present in order to complete a transaction every day that it is working.

You can implement this business model “on the side and in bits and pieces” for an extra income in addition to your other job or jobs. You can make money at any time of the day, or anytime of the night. Also from anywhere in the world and this can be done 365 days a year. No holidays, no employees if you wish, as long as the inter-net and World Wide Web are you are. And your in business every where you are seen. To anyone who can pay with your payment options.

Now of course that is if you are selling something or plan to sell a Hard item or services. I am not just yet, but this is my long term goal. Once this business model gets going, you too can try and duplicate it your selves into other markets, hobbies and what knots, of/ with your own interests. And create multiple passive income streams of your own choosing. If all goes well, you'll have the freedom and time to do what ever it is you want to do. As this is what am I planning on. With this my Little Venture or Adventure that which I have started back in July of 2010.

Do You Know What Passive Income Is?

This Venture uses a lot of what I am calling passive income streams in truth if you listen to the IRS these are not claimable as passive income, but thats a write for another day. I call them passive because as the old saying goes you set it and then forget it, but in all actually never do this for it will not boil if you stop watching it! Bizzaro world, I know things work differently then we have become costumed to in the real world than they do on the Inter-net.

Hmm… cheap, easy, low-risk and high-reward? Sounds like a winning business plan to me. That is, If all goes well, but what can go wrong? Well right now the only thing I can see so far is, that I or we lose our focus and our desires to achieve this goal.

Exactly how does my passive income business model work? Well thats just It I am still trying to figure this out. Also, I am trying to help you beginners out there who may not have some of the informations needed. As on what products to sell and use yourselves. Just yet, I've a Bonus for you all as it is free at this present time. Only because I have not yet, figured out how to charge for it or if I should charge for It. I use Ad-sense, Tips and Hints, and other things to increase my streams.

Which I will use to quadruple my traffic back to my three domain named Websites. Before I was really focusing hard on creating an information product and/ or E-book or E-creations to sell instead of Passive and Residual incomes. Today I am only focusing on the later two passive and residual income streams.

I am like many of todays stay at home people. I too need extra income, this is why I am trying my best to get this business model built and done or I should say viable and working. Traditionally women have more experience of multi-tasking, time scheduling, and working towards long term goals. And doing this without a precise structure or fixed hours. These are all qualities required to run a small business. Before I was divorced I learned some of these many tasks not quickly enough I guess as now I am single.

But most women don't mind asking for help, whereas many men are too proud and try and do everything themselves. Men traditionally went out hunting if they killed anything they brought it home and that was that, but women had the boring, jobs of preparing vegetables, gathering berries, sewing clothes. And many other activities. Which are required for starting your own small businesses of today.

Times have changed some, but not much. My ex-wife and myself, we had changed routines the only difference was she took to hers better than I to mine. Because of my disabilities at the time. I was unable to do half of what she was doing. And now she was doing even more then before. A very good woman I once had and lost because of income and stress.

Another advantage that you ladies have, is that you are used to operating in negative situations, ie where people disapprove of your methods or simply mock the way you get the job done. This is also the situations that many start-up business owners find themselves in still today.

I've promised myself that these next two years. That I have scheduled out that I would make it work or break it apart and redesign It until these three years are complete. I don't have to make it big or have to justify all the time I spend on my websites, Blogs and writes. So I decided to return to schooling myself. I mean the school of Hard Knocks naturally As I can't afford going back to School either financially or emotionally. Seems like ever time I try to something stops me. So I've been reading everything I can on everything I can find on making this venture work.

I think I am on schedule, but yet I have been set back already several times in just these first ten months. And from starting this my venture. Which has became an adventure worth the trying. The Site is Poetry Writes & Other Stuff from Sinbad the Sailor Man stop by every once in a while and check us out.

It isn't all that much today but hey we all start from Humble beginnings Somebody Come and Play, Earn while you Learn, and Grow as you Go!

Thank you for you time and any comments are welcome. Donnie/ Sinbad the Sailor Man

http://sinbadthesailorman.org

Comments 15 comments

tmheffernan profile image

tmheffernan 5 years ago from Middle East

Donnie thats inspiring. I totally agree with you there are many ways of making money on the net u just need lots of time to find the right ways to make a steady income. I am on a similar voyage but you have a website already so you are a step ahead.


Guanta profile image

Guanta 5 years ago from New York City

Thank you Sinbadsailorman for this very good Hub. I'm also in the process of finding opportunities which provide additional income. Will keep reading your Hubs.


Sinbadsailorman profile image

Sinbadsailorman 5 years ago from Valparaiso, Indiana Author

I believe all good inspirations come from God tmheffernan, and I have included Him in this last ditch effort to succeed On-line.

This time, as I have tried several times before and have failed miserably. AS you have said we must be inspired to find our right ways of creating our own passive income streams. I hope as you sail your own Ship you have fair weather and sunny skies. Thank you for the read and comment Donnie/ Sinbad the Sailor Man


Sinbadsailorman profile image

Sinbadsailorman 5 years ago from Valparaiso, Indiana Author

You are very welcome Guanta, I have placed a link to my site here in this hub. It is for only those who truly wish to seek and find. I have made it kind of like a hide and seek game or a treasure map of sorts, because I leave out much info there in order to inspire those seekers to keep seeking it may be an over thinking on my part.

But I was schooled by old schoolers and I learned by doing, so I am trying to teach in the same way; that I have learned. By finding the missing pieces myself.

I don't make it easy on purpose, but it truly is not all that hard for a true seeker to find what they are trying to find.

Thank you for the read and comment Donnie/ sinbad the Sailor Man


Cal 5 years ago

Thank you. Very inspiring. I hope you achieve your goals.


Chatkath profile image

Chatkath 5 years ago from California

Inspiring Sinbad! Voted up and useful! It is a commitment and one must realize going in that it doesn't happen overnight but like anything, if you want it bad enough, you will succeed! I right behind you! Thanks for sharing.


Sinbadsailorman profile image

Sinbadsailorman 5 years ago from Valparaiso, Indiana Author

Chatkath, Cal, thank you both. I have always seemed to meet insurmountable odds against me and before my third back surgery I always seemed to over look these odds. But after my divorce I kind of said whats the use and as Of late That stupid thought always re-emerges.

But, even though I am tore up from the floor up. I have decided to keep plugging along until I can no longer do so, but this I do believe will be my finally attempt at an inter-net business.

I am so very tired, of always fighting to make things work for me and if I didn't find this amusing I would stop it all today, but as of today it is still tripping my little brains circuits so.

So by the Grace of God there Go I. Where this is heading I don't know, but with out it I was headed no where fast. Thanks for the read and comments Donnie/ Sinbad the Sailor Man


Seafarer Mama profile image

Seafarer Mama 5 years ago from New England

Good, positive article about how we can make our writing and other endeavors work for us in more than one way. :0) Hope the path you have chosen works for you. Best of luck! :0)


Sinbadsailorman profile image

Sinbadsailorman 5 years ago from Valparaiso, Indiana Author

Thank you Seafarer Mama, I try always to stay positive which for some would if in my shoes may not be possible I know for me it was not possible just a short time ago, also.

There is something to say for the trying of. For many of us here in America today get stuck in ruts. Especially during these economic down turns. I am striving truly harder then, I have ever tried before in these last 12 years. There for awhile I would not even bother to get out of bed.

So this it has already been a win win for me. And in many different ways, now if I can make a living from it as well, that just would be the icing on this my cake. I wish you the best of Luck as well Seafarer Mama, with all that you endeavor to try and to do. Donnie./ Sinbad the Sailor Man


Duchess OBlunt 5 years ago

I hear you Sinbadsailorman. I'm working on the same thing myself. Here's to success for both of us.


Sinbadsailorman profile image

Sinbadsailorman 5 years ago from Valparaiso, Indiana Author

Duchess OBlunt, Congrats for you I will have been doing it for a year as of tomorrow. I'd started out only wanting to try it for three months and then changed my mind to a three year plan as i can see it growing slowly and then stopping and then growing on its own I'd thought I stick this out a while longer, as I feel whole heartily that it will work! If and only if I don't give up on it.

And by golly Molly it is work! Which is OK because I can do as much an as often as I like. And from any where I have a inter-net connection. I just need to fine tune the income earning part and I believe that will come with more growth and more notoriety and/or exposer of my sites and their windows into the World Wide Web. Thanks for the read and Comment Duchess OBlunt

Donnie/ Sinbad the Sailor Man


raisingmoredough profile image

raisingmoredough 5 years ago from USA

Thanks Sinbad. I am also getting started in creating more revenue streams. Hubs is ongoing in dribs and drabs while I build up some bigger projects.


Sinbadsailorman profile image

Sinbadsailorman 5 years ago from Valparaiso, Indiana Author

I plan on selling some hard Items soon at My website. But first I want to work out all the little kinks and things that I still need to know to make it work correctly from the start.

With Adsense an affiliations you will not make any considerable amounts until you have figured out your traffic flows and adverts placements. Without traffic there is little need to initiate a product unless the product is the reasoning that the traffic is.

I just do not like to sell, I have never liked to sell I don't mind promoting or suggesting, but Selling has never been my thing.

I want people to think for themselves and today many do not know how too! For the whole world has been trained like Pavlov's Dog not too.

It is not that I can't do it! I just haven't found the right product to sell. For those products that I do deem right to sell they will sell themselves. Thanks for the read and the comment.

Donnie/ Sinbad the Sailor Man


24 Months to live 4 years ago

Looks good so far Sinbadsailorman, too many people fail to realize how difficult it is for disabled people to generate income on their own terms without turning to da gubment or the old MCI plan (friends and family. I'm going through a similar struggle. www.24-months-to-live.com


Keischa 23 months ago

Deep thinking - adds a new diinesmon to it all.

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