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Can you really make money while you sleep?

November 2nd, 2018 by Bob Bly

A few weeks ago, I checked my email on a Thursday night at around
9pm. Nothing important in the inbox.

The next morning, when I started work at about 7am, I went into
my email inbox to find that 2 of my subscribers had each ordered
multiple information products from me overnight while I was

The total dollar amount: $1,079.

In addition, my agent sent me an unexpected royalty check for
$1,993 for a Japanese edition of a book I wrote in 1985.

Total passive income for the day (so far): $3,072

Hardly a fortune. Didn’t make me rich. For many internet
marketers, peanuts.

But the point is that “in my sleep” that night I made slightly
more money than the average American makes working three full
40-hour weeks (not including commuting time) to earn.

With no labor on my part. No meetings. No phone calls. No leaving
the house. No even being awake!

I tell you this not to brag, but to make a point:

I firmly believe you should have multiple streams of income, with
at least one of them being passive income.

For two reasons.

First, while a paycheck is steady and expected, orders like the
$3,072 are unexpected — and there is delight in surprise.

Even if it’s a small amount, an unexpected royalty, commission,
bonus, or order makes my day … and many of my colleagues have
told me the same is true for them, too.

Second, and more important, if you can develop a passive income
stream that generates annual six-figure revenues … without
active daily labor from you …

(… in other words, you make money when you sleep — or are on
vacation — or do nothing at all …)

…that gives you a degree of financial security that 95% of your
friends, relatives, and neighbors will never have.

I am not money hungry or even money oriented.

I work long hours in my copywriting business and will do so as
long as I am able. Yes, to make money and also for the sheer
pleasure of it.

But by making a six-figure passive second income online, it’s
comforting to know we could live nicely off that $100,000+
alone if our active income profit centers went belly up (e.g.,
you got fired, your luncheonette went out of business).


This entry was posted on Friday, November 2nd, 2018 at 12:05 pm and is filed under Success. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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