10 Reasons I’m Not Making Passive Income
I’ve done a lot right over the past few years to get my business launched, but right now none of my income is "passive." That's troublesome, so I decided to ask myself why.
1. I’m a B2B Person. Passive Feels More B2C.
See? That’s why these lists are cool. I just read what I wrote and thought it was ridiculous. Ever hear of SaaS, Marcus?
2. The Biggest Part of All Formulas is Luck
I could sell you a course on how I became Expert Vetted on Upwork, but part of it was luck. I can’t teach you luck.
3. It Depends
So much of what I do is custom. Figuring out how to package anything intimidates me.
4. My Active Income is Pretty Good Right Now
My average rate is $150 per hour and I am consistently sold out.
5. You Say: $15/Mo. Forever! I Hear: $15
I’m at the age that I totally get compound interest but This. Just. Feels. Small.
6. I Need to Set Up Those Links Somehow
I understand in theory how affiliate linking works. Like I could put a special link here and make money if you bought the software. But it seems like even less than $15.
7. I Hate the “Passive Income” Talk.
Holy hell, do I hate it. Look: it’s not passive. It’s invested time now toward a better future. I’m going on vacation soon and wanted a little scratch in my pocket. You know what I did? Picked up a small marketing automation contract on Upwork. I’ll be styling the hell out of those forms and earning money like a modern day coal miner.
8. The Ven Overlap Between Passive Income People & Crypto People is Disconcerting
This needs no further explanation.
9. I’ve Never Been Good at 0-1
I think I’m really good at 2-35. Average at 35-50. Abysmal beyond 50. As I have no passive income, right now, I'm at 0 in terms of launch. 0-1 is hard for me.
Key: 2-35 = Inc 500, 100=Apple
10. I Haven’t Been Doing it Enough
I’ve been working with a previous client for a few months on an idea. Truth is… he’s been working on it while I’ve been using all the excuses on this list. That needs to change.