Update: Achieving Passive Income Update: Achieving Passive Income
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In my very first post on this site, I explained that my goal has been to earn passive income from the comforts of my own home.
My attempts for achieving passive income has been creating targeted niche websites which would allow me to earn commission from affiliates.
I am proud to say that FREDYEN.com has become one of my more successful projects
Being less than a year old, I have already managed to make healthy earnings from this website.
What do I mean by “Achieving Passive Income”?
Passive income is not achieved easily or possible by being lazy.
Passive income requires you to dedicate a lot of hard work, time, and effort in the early stages of a project to create some type of content or product.
That finished content or product then continues to earn you monthly income with little to no additional work.
FREDYEN.com is a clear example of this phenomenon.
Just look at the date of my very first post (December 2, 2012) to my last post (June 2, 2013), and now take notice the date of this very post here (October 26, 2013 ).
You can see that I spent 7 months of hard work creating content for this site and started to earn income from it rather quickly.
The content I created was as high quality as I could possibly make it.
The videos I uploaded took hours to film and even more hours to edit.
Even though my goal was never meant to make an impact on YouTube
my hard work has definitely paid off.
Currently at the time of this writing, .
I have 1,690 subscribers and over 347,989 total views on YouTube alone
I am very happy with those numbers considering I never planned to get any subscribers at all.
Is it really passive?.
Looking back at the post dates above, you can see that I took about 5 month hiatus from posting to this site.
There were 2 main reasons for the lack of updates during those months.
The first reason is to test the “passive” theory.
With no updates and no additional work from me, this website continued to grow not only in visitor traffic but also in monthly earnings.
The second reason was that I started a new niche project which I have been spending most of my time completing.
I may reveal this new niche website if there is enough interests, .
But this also brings me to my future plans of FREDYEN.com
I will talk more about it below.
Why am I bragging?.
Well the purpose of this update isn’t to brag or to turn my nose up at anyone.
The purpose is to show my visitors that achieving passive income is very possible and can be accomplished by anyone. Again, .
My first post explained that I wanted to create FREDYEN.com to be my authority site
A site that contains all of my interests.
Building websites is one of those interests and I am writing this more as an update about what I have been doing the past few months.
I also wanted to let you know that I will be creating much more content for this site.
I actually have a lot of good stuff planned ahead.
One of the ideas I have planned, as mentioned above, is to demonstrate step by step how to build a niche website.
I think this would be a fun project for both myself and any visitors that are interested in achieving your own passive income.
I can show you what tools to use and what key considerations to take when creating a website.
If there is enough interest in this project, I would be very excited to demonstrate the process.
So leave a comment and let me know what you think.
Tags niche online marketing passive income web design DIY JEM Style Guitar Kit (Part 1: Overview) Hang ’em High Guitar Wall Mount.
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Jeff October 30, 2013 at 5:13 pm Hey Fred, I’m interested in this project since I’m currently on disability and would have ample time to devote to such an effort.
One problem I can see right away is that without monitoring, some of your core users are suffering, .
Judging by the number of unanswered questions on your excellent DIY Guitar Kit Project
I have an interest in that as well because I would like to build the LP project and have some recently posted questions.
In looking at the lack of updates to the site I feared you might have been in an accident.
Back to this project, how do you deal with questions that will arise from the content without regular monitoring.
Fred October 30, .
2013 at 10:38 pm Every question on this site is monitored and read
I receive an email as soon as a comment is posted.
I briefly explained the reasons for the lack of updates in the article above and do plan to take a more active role going forward.
My goal here is to give visitors a road map with clear instructions on how to complete a project within each article or video.
Unfortunately due to time constraints, I can not answer all questions but I do my best to answer as many as i can.
Danny Wean January 29, 2014 at 6:58 pm Hey Fred love the flow you have with ideas and making them realty im the same way myself always wanting to learn everything about anything I get myself into trust me your not alone my friend.
Im a guitarist myself and loved your dyi video and continued to watch more of your videos just cause you like some projects caught my interest.
I believe in you and you have themind set to do great things my friend.
I myself am getting ready to build a les paul copy cause I think having one I did myself adds more personal value to having it and I really dont care for any specific name brand .hell to be honest I get a ibanez I change the pick ups and half the stuff on them anyway so yeah im a tinker myself lol.
Anyway hope to hear that DYI play threw a amp it looks beautiful man keep up the good work and hope to see more videos soon.
Danny fred February 1, .
2014 at 9:58 pm Thanks for the comments Danny
Yeah the guitar projects are fun and I encourage you to give it a try, especially if you are a tinkerer too.
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