Have you wonder, if you have not already, what it takes to earn your first $100? Not much. Let’s try to break this down real quick. In order to generate $100.00 online, it would require you to generate $3.33/ day. Whatever it takes, you will need to generate consistent $3.33/ day. It really isn’t much. Many times, I see people trying to generate their first $1,000 without even generating their first $100. It’s really a pocket change if you really think about it.
What do I do after generating $100/ month?
Multiply your vending machine! I remember when I made my first $100 check from Google Adsense. During this time, I thought working at Pizza Hut would have been a lot faster before I invested all my time and energy towards my $100.00. Then I realized that $100 check comes in every month until I die. This is a scary statement. Whether I pick my nose on on my bed or change my baby’s diapers, the check will come in. Period. This is the power of residual income. In addition, it doesn’t just stop at $100. It increases, kinda like your bank interest, every month. Not whole a lot, but it increases without doing anything.
1 day goal = $3.33
Let say that you are good at making $3.33 per day for every website.
1 website (30 days) = $100
2websites (30 days) = $200
10 websites (30 days) = $1000
100 websites (30 days) = $10,000
1,000 websites (30 days) = $100,000
Pledge to Your Residual Income – Give me money or give me death
Now, you might ask, what it takes to make your first $100.00. Like any other businesses or work, you will need to pledge to the following:
1. I will NOT give up
2. I will NOT SLEEP before I make my first $100
3. It’s DO or DIE. Give me money or give me death.
4. I will do whatever it takes to get myself up and start building my residual income.
5. I will not let people interfere my venture (especially, my family and friends)
6. Think I CAN
Of course, slight joke was in there. How can you not sleep before you make your first $100. Despite of my little humor, but believe it or not, I was pretty dead serious about this pledge when I was first started on my venture. I wanted to get to bottom of this. What is the worst thing that could happen. Really.
Let’s go back to our six type of residual income.I have mentioned many times that I have created 6 ways to make money online. Instead of doing them all at once, I would recommend to start off with Type 1, 2, or 4. I started mine with Type 4 (Google Adsense). It was pain in the butt. Really, it was that bad.
Residual Type 1: Affiliate Marketing
Residual Type 2: Online Products
Residual Type 3: Content Syndication
Residual Type 4: Google Adsense
Residual Type 5: Membership Website
Residual Type 6: Quick ROI
