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As with
any business that a large number of people want to enter, the widely known
sources of passive income have enough people entering those
markets that you can expect lots of competition. Your success depends on
whether or not you are able to jump the various barriers to entry that
inevitably appear. Unfortunately, jumping those hurdles can (if you’re not
careful) seriously reduce the “passive” side of passive income online.
Certainly in the beginning, passive income can make for longer (sometimes much
longer) working days than traditional income.
Once
income is coming in, you may still need to check on things and put in work to
keep it going. The mindset of someone who succeeds in passive income is not
that of “get it done and go surfing.” You need the mindset of an investor.
Passive income always starts with a significant investment: if you buy real
estate, it’s a financial investment. If you want to make passive incomeonline, you’ll almost certainly invest a very significant amount of
time.
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