Search for Passive Income

I have a goal for this year and that is to have my semi-passive income increased to $500 per month by the end of the year. This doesn’t sound like much, but I don’t seem to have much of an imagination. I can’t seem to come up with an idea for a product. I like writing so I figured that maybe an ebook, but on what? And for who? Since this is to be passive income I want to be sure to pick a demographic that is easy to market to. I am an engineer by trade, and there is a couple of ideas there, but the people that I would be marketing to would not see my credentials as good enough to warrant the purchase. Also the topics that I am interested in, in my field of work, would be very technical and I am not sure if I could sell the books, I would need to sell one a day to reach my target.

So where does that leave me? Well frustrated….

I am not sure where to go, maybe I will offer myself up for some technical writing assignments over at DP, or elance and see if something interesting will come along. Or maybe I will simply try to think up a cool gadget that would fit into one of my hobbies. The issue that I am having now is that I am the type of person that can solve a problem if you give me one, but I am not good at coming up with things on the fly. I make a very good consultant, but service work does not lend itself to be very passive. You only make money when you are working, I would like to find a way to make money while I am out drinking with the guys.

SO what is a webmaster to do? I would like to be able to use the day job more like a hobby, something that I enjoy doing and a place that I enjoy going to, but not really required to pay the bills. This may be wishful thinking, but I am sure that if I really put my mind to it I will be able to come up with something that will enable me to be inspired. I know I will have to hook up with some old buddies and go out drinking. Maybe one of them would have a cool problem that I would be able to come up with a solution and create a product out of it.

About Jeff
I am an engineer by day and internet marketing tinkerer at night. I started playing around with internet marketing 5 years ago and have been making a profit for the last 4, with no more than 4 hours a week on average and usually much less. The profit is not enough to quit the day job he loves, but enough to buy the toys he wants.

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  1. [...] Ideas I have come up with a couple of ideas to get started on to start to reach for my goal of $500 per month of passive income. The big thing right now is that I have to come up with a sales letter that I can use to test the [...]

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