Earning an ethical passive income should be top of mind for anyone trying to build a second income stream. There are plenty of snake oil scams out there that can not only hurt you, but also those connected to you in that business.
These scams are full of promises of riches and success with no work. All you have to do is pay big money for the venture, and everything else happens by magic. No effort and no personal investment. Just show up, and the income starts flowing. It just never works out that way.
Real Success Requires Work and Taking Action
If it sounds too good to be true, then it is. No ifs, ands, or buts. We all know that anything worthwhile requires a lot of work and focus, and taking action to make things happen!
Anyone who is offering or proposing a passive income where there is not work involved, it’s likely not an ethical passive income. And especially if it requires a large cash investment on the front end, with lots of promises in the future.
These are the worst kind of scams that you need to run from. If they want a lot of money up front, and everything is based on trusting the seller, then you better beware! There are millions of scams to look out for in the online world. And don’t believe the phony reviews. It’s just too easy today to make things look legitimate.
What to Look for in a Passive Ethical Income
First, the best kind of passive income to pursue is one that does not require a boatload of cash on the front end. This way, you can start the process and work hard to learn and start the process, but if it’s not for you (for whatever reason), then you’re not out much cash. You’ve only invested a few weeks for your time.
And it’s important to know the difference between passive income and residual income. One is very attainable for the average person, and one not so much.
There’s Nothing Like a Firsthand Review Right From the Horse’s Mouth
Second, before you get too far into the process, talk with others who are on the same track. Find out, firsthand, about their experience and how the process and resulting passive income works.
It’s best to do this, if possible, before you spend a dime on the venture! And there are programs out there that are set up in just that way. You can take a long, comfortable test drive and really get to know the product, long before you ever invest your hard-earned money.
The Power of Affiliate Marketing as a Passive Income
An ethical passive income that we believe in at Mobile and Passive is affiliate marketing. There is no shortcut to success along this road. To be successful in affiliate marketing takes work. But the process is a lot of fun, and very fulfilling. And the payoff after you build a strong foundation is well worth it, and then some.
First, what how does affiliate marketing work to create a passive income?
Let’s put this in clear and some terms:
- You build a website and content about something that you have a passion for. It’s a lot easier than you think, and anyone with an internet connection can do it. You just have to learn some new (and fun) skills.
- Next, you add content (articles) to your new website that people are searching for.
- Last, you insert links on your pages and your website, and when someone clicks that link and goes to another website and buys something, you earn a commission. That is affiliate marketing.
And here are some of the best things about affiliate marketing:
- You build a website that you, and you alone, own and control.
- You don’t have to carry products and inventory.
- No employees in the process.
- You build your website about something that you enjoy. A passion of your’s. So the process and engagement is fun.
- Anyone can do it! It does not require special skills or training.
- It’s a passive income. You do a lot of work up front, but once you have the pieces in place, it will pay you for a lifetime.
Now if that sounds complicated, it’s not! It’s an incredibly simple process in terms of complexity, but it does take a lot of work to build the foundation and get things going.
The Most Ethical Passive Income We Know
The most ethical passive income that we have found is, without question, Wealthy Affiliate. It is a very affordable program, that offers outstanding results. It is a think tank of learning and instruction, and can help beginners as well as seasoned experts.
If you are interested in learning the very best way to earn an ethical passive income using affiliate marketing, check our Wealthy Affiliate review and see if it makes sense for you.
It’s a great course for sure, and the owners (Kyle and Carson) are very solid, stand-up guys, and not shady operators. You can read more in my review on my experience with some very shady operators. Don’t make the mistakes that I did!
It’s 100% free to join Wealthy Affiliate and give it a test drive. No credit card required. And if you like what you see, then it’s a month-to-month payment of $49. Cancel anytime, and decide on joining the paid plan whenever you’re comfortable. No pressure, and no hurry.
So it’s very different from most affiliate marketing training programs where you have to pony up $1,000+ to enter the program, and you’re not even sure it’s for you.
So that’s our take on earning a mobile, passive, and ethical income based on a decade of experience.
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