Executive Women and the Myth of Having It All

Earning at home myth. Telecommuting Myths: 13 Work from Home Tales You Shouldn’t Believe

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Opinions expressed by Entrepreneur contributors are their own. Wouldn't it be great to earn money while you're relaxing on the beach? After all, what could be better than making money without having to do any work? Even if you don't generate as much passive income as Bezos, an additional source of revenue could allow you to leave the daily grind of the 9-to-5 workday so you could pursue entrepreneurial dreams or travel the world. But, generating passive income isn't as simple or straightforward as some of the world's richest people can make it seem to be.

There are all kinds of promises on how you can achieve online success, almost overnight. Guess what?

Figuring out how to generate a steady flow of cash requires a fair amount of work. Even more importantly, it requires that you dedicate your own time and investments in the right areas.

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If you're serious about using passive income to increase your quality of life, earning at home myth can't afford to fall for these seven persistent myths.

You can "set and forget" your revenue streams.

This is perhaps the most dangerous myth associated with passive income. We all like the idea of not needing to do any additional work after setting up a blog or online store. But, real life is never so simple. Blog visitors expect new content on a consistent basis.

People who enroll in an online class expect personalized support when they encounter a problem. The internet itself is constantly changing.

If you aren't doing making money quickly and easily part to stay on top of industry changes, customer expectations and other responsibilities you'd find in any "active" business, your passive income will quickly dry up. Even when you delegate responsibilities, you'll need to check in with your team to make sure tasks are being performed earning at home myth to your standards.

You'll also probably need to continually fine-tune your idea to help it stay relevant. Passive income still requires an active presence.

Executive Women and the Myth of Having It All

You only need a single weekend to get started. It's easy to assume that anyone can toss together a blog or another passive income source in a single weekend.

These women have not chosen to remain childless.

In reality, creating a source of revenue that will deliver lasting results requires a lot of research and work before you even earn a single penny. Even something as seemingly simple as starting a blog requires extensive research and planning. According to R. Adamsbloggers need to find the right niche, choose a web hosting platform and buy a domain name just to get started. After that, they still need to learn about browser caching, SEO, permalinks and more -- and don't forget about writing good content and uploading quality images!

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Needless to say, you probably won't be able to do all this in a single weekend. Be willing to take the time to learn the specific opportunities and challenges related to your idea, and put in the effort to get it right.

Leslie Truex Updated November 17, No work-at-home scheme is more misunderstood and demonized than network marketingwhich is otherwise known as multi-level marketing MLM. At the same time, others tout it as is a viable way to start a part-time home-based business.

This isn't a race. Quality will win over speed every time.

One solid source of income is all you need. Another dangerous myth of passive income is that you can generate all the money you need with a single source of revenue. This is like putting all your stock market investments into a single company. If that stock does great, you'll be rich!

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But, if its prices fall, you could find yourself practically broke. Earning at home myth with stock market investments, it's better to diversify your income sources, especially if you're planning on having these revenue streams replace your current job. For example, bloggers with relatively low web traffic use everything from affiliate links and selling their own products to offering online courses and freelance writing services to generate extra income.

By diversifying your revenue streams, you'll have a greater likelihood of earning enough to support your needs. Real estate is the safest form of passive income.

With home and property values increasing at a rapid rate across the country, many individuals are falling for the how to make money on the Internet without a deposit that property management and home flipping are straightforward methods of generating passive income.

7 Myths About Passive Income You Can't Afford to Believe

In reality, successful property management is never truly "passive. It quickly becomes clear that property management and other real estate investments rarely generate the ROI investors expect. In fact, an infographic by Max Cash Home Offers reports that, in a study conducted by the company, one-third of all property managers said they "would not buy their space again.

Selling a property, rather than attempting to manage it, is ultimately a safer and easier solution. You need a business idea to earn good money.

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When you read about passive income, it can be easy to get caught up in the idea that you need to become an entrepreneur or buy up property.

But, this isn't necessarily the case. Many individuals generate all the passive income they need simply by putting money in savings and retirement accounts. While such accounts may not seem as lucrative as an exciting new business idea, they serve as a much lower-risk solution for those hoping to have enough to fund their future plans.

It’s a Myth That You Can Make Money Online

Most investors say you should expect a 5 percent return on investment from your retirement accounts each year. That may not sound like much, but as you consistently add to these accounts over time, the growth can prove significant.

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Saving a little extra each month can make a big difference in the long run. You'll naturally come up with great ideas. Even when you've done your market research and know you're creating something that people will be interested in, this doesn't mean they're going to find your blog or product on their own. A website alone isn't going to be enough for potential customers to find you.

Telecommuting Myths: 13 Work from Home Tales You Shouldn’t Believe

Ironically, ensuring that customers find your "passive revenue" source requires action. Don't be afraid to reach out to other successful blogs about guest posting opportunities so you can generate positive buzz related to your own brand. The more you do to get your name out there, the easier it will be for the right audience to find you. You need money to start earning passive income.

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From investing in the stock market to starting a small online business, many people assume that they need a lot of money to start earning passive income. This simply isn't true. Having additional savings that you can devote toward getting your blog or business idea off the ground can certainly be beneficial.

The No. 1 myth about renting a home that self-made millionaire Ramit Sethi says 'needs to die'

But, at the end of the day, what matters most is your willingness to put in the time to research your market idea or investment opportunity. Doing the right background work will help you use your limited financial resources wisely so you can generate a great return on your initial investment. Create passive income the right way. Pursuing a dream of generating passive income isn't always easy -- but it's far from impossible.

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Whether you're trying to bring stability to your business or find a better way of financing your retirement, avoiding these common pitfalls and misconceptions will go a long way in helping you reach your goals. Success is closer than you think! More from Entrepreneur Get heaping discounts to books you love delivered straight to your inbox.