The Hard Truth About Passive Income | Is It Still Possible To Make Money With Blogging? // Do you see those videos and ads of people on YouTube and Facebook showing you how they’re on the beach, or on the mountains, or in their fancy house, being like, look at all this money I’m making without working hard. The question is, is that even possible?
RESOURCES & LINKS:
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8 Steps to Making Your Blog Successful – Passive Income Online Blogging (video): https://youtu.be/e37nYDjDI_Q
How to Make $1,828 From Every Blog Post You Publish (article): https://neilpatel.com/blog/how-to-make-1828-from-every-blog-post-you-publish/
How to Turn Your Personal Blog into a Business (article): https://neilpatel.com/blog/make-money-from-blogging/
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You can’t just make money really easily like you could back in the old days, in which you just started a blog, you got traffic, and then, boom!
You got rankings, you push some affiliate offers, and you can just sit back, cash your checks, and call it a day.
Nowadays, there are a few things that are going to hurt you, and let’s go over them.
The first thing that’s going to hurt you is there are over a billion blogs.
If there are over a billion blogs, and there are roughly 7,000,000,000 people, that’s roughly one blog for every seven people. Do you think we need that many blogs in this world? No.
The second thing that you need to know is, ads keep going up, year over year.
So if you’re making your passive income by just running Google ads or Facebook ads, driving traffic to a landing page, and selling people on some affiliate offers, your own proctor service, it’s not going to keep working.
Because if you don’t keep fine tuning your funnel, optimizing your conversions, you’re not going do well in the long run, because other people are going to be able to compete.
They’re going to add an upsells, downsells, and just beat you, and the ads are going to get way too expensive for you, so that way you’re not going to be able to keep making that passive income without doing anything else.
The third thing that you need to know is luck.
If anyone thinks that you can just pop a business and miraculously make money, and they’re even pitching that, they’re lying.
They put in a lot of hours and time and energy to get there. They may not be showing it, because they want to pitch you on how easy it is to do what they’re doing, and they want you to give them $1,000 to teach you their same formula.
In other words, they did put in the time and effort, they’re just not showing you.
And if they’re getting a quick win without putting in much effort, that means they’re duping
you and giving you something that really isn’t going to provide much value.
In other words, anything worthwhile takes time. The fourth thing that no one tells you is, you now got to deal with algorithms.
It no longer takes three months, or six months, to get to the top of Google. In many cases, it could take one, two years.
So that means you got to put in work, hard work, for a few years before you’re milking enough money somewhat passively.
Because as you know, if you don’t update it, you’re not going to do well either.
Things like Facebook. They keep making their algorithms harder and harder and restricting their reach, and it’s not just Facebook.
Whether it’s LinkedIn, whether it’s Instagram, they’re all doing that.
They’re going to work against you. So you got to keep adapting.
And to keep adapting and staying on top of your game that means you need to read more, that means you got to experiment more, you got to learn more.
And if you stop doing that, you think you’re going to keep getting the results?
Of course not.
It’s just a question of when things are going to die down. So if you think passive income is still possible, not really.
You got to put in work. Everyone’s like, yeah, passive income is the dream. Well, most people I know have passive income from things like real estate.
They made a lot of money from doing their core business or working 40, 30 years in the corporate world.
They took that money, and they invested it. And sure, it may be passive now, but you got to put in that hard work to get that truly passive income, which is typically going to happen from investments.
If you expect passive income just from your website, it’s not going to happen, because, over time, someone’s going to outrank you, beat you on the social web, boost their conversion rate, outspend you, whatever it may be.
Eventually, your competition will crush you if you stop putting in the time and effort.
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Do you think it's possible to make income without doing any work? If you do, leave a comment below with “yes”. If you do, leave a comment below with “no”.
Yes
The main reason for failure to make money online? Very few people have the nessasary skills. The 99% that fail, are cannon fodder for the 1% that do succeed., with guru after internet guru telling them to buy this and that course. They don't understand sales. Traffic, Funnels, Websites, SEO, and various other techno jargon associated with affiliate marketing. They have no idea what online digital stores are. When you ask someone would they like to make a living online, the answer is yes. When you ask what they would like to do. For the vast majority, they have no idea. That's the first hurdle. Most don't get beyond that point. So why not try affiliate marketing? Huhhh. No idea what that is.
It's a vicious circle. They now have to learn skills that most don't understand, and if they do. Don't know how to implement them.
And yes. There is a time issue. People with families can't just drop whatever they're doing to go off and make money online. Anyone that thinks that is not living in reality.
Skills are not transferable to the internet as made out. I know plenty of mechanics. I don't know one who would know how to write an Ebook on the subject in a coherent and interesting way, so people would want to buy their Ebook.
It's a joke. "Take action" Action to what, when you don't know how, or what you want to do.
As stated. It is virtually impossible to make money online. Apart from the 99%. Who are the product for the 1%.
I've yet to find anyone prepared to put their money where their mouth is, and show me where the 99% make the majority, and the 1% don't.
no it's not possible to make money with no work
Thanks Neil. I appreciate it 👍
Honest and to the point.. 😀
Thank you for your honesty.
Hi Neil, I'm a fresher and want to be a full time blogger and make a living . I'm learning digital marketing watching your videos and reading your blog, it really helps 😍😄😁. But I'm a bit worried about something looking forward to future. Can I, as a single person, take care of SEO, social media marketing and other promoting activities for the blog along with writing posts and managing it as a whole? I don't want to get stuck in the middle. I just started to learn SEO and have to learn more and more ! I'm passionate about learning too😍 and I know that earning through blogging takes time and am ready to work hard but have to do it all my own. I'm happy with that but just wanted to know whether it's possible to manage and promote my future blog alone 😁
No
Just subscribed to your channel Neil! I do believe it requires real hard work to succeed in every thing.
yes passive income is possible. But always have a 9-5 job in hand.
Absolutely not. It take drive and commitment over an enormous amount of time. It's a scam. Great video Neil.
Bravoo!
Great advice.
This is why I love your videos , you are all about Transaprency, ( your new subscribe button is so Supreme )
Sir please
Speak slowly
We are not understanding some concepts
hey neil……we need to do something about all the scammers in youtube who are luring people by selling their spam courses…. which never work in real life……i really feel bad they are scamming people who are in desperate need of money & wasting time……i think a blog has to be made listing those scammers.
I make $2000 from my YouTube Video only.
Thanks for the video. You revealed me with more information with this video. I already realized that we need to have the hard work, but with this video, with only hard work isn’t enough, you have to work even harder. Thanks again.
glad someone said it