for instance, $25 per day
In the 21st Century, generating passive income is one of the hottest topics you can find on the internet.
Make money on auto-pilot and when you’re sleeping.
It’s an exciting and crazy idea, isn’t it?
I’m part of Generation Y.
The idea that we’re workers that need to trade their time for a salary feels like an outdated model for many of us.
Although most of us feel this way, we’re stuck.
We hear from people with successful online businesses who are making money doing what they love.
We even dream of joining their ranks one day but are slacking.
Instead of creating, we consume.
Before we really start, we already feel overwhelmed, get discouraged, flop on the couch, and watch Netflix.
This typical behavior reminds of life coach Tony Robbins’ “No Man’s Land” concept.
It describes a state where you’re not really happy about your life, but you’re not unhappy enough to do anything about it.
Making passive income? Forget it!
This time last year, the thought of really making money online seemed a million miles away.
Making passive income?
Me? Forget it!
I’m glad I listened to my husband and started writing on Medium from 7 pm to 10 pm instead of watching TV.
I started off with 0 views, 0 subscribers, and $0 in revenue.
The first dollar earned was priceless and encouraged me to continue on my journey.
Now, just over 12 months later, I’m making money in my sleep.
About $25 per day with one passive income stream — Medium.
Believe me, it’s doable.
As in any serious business:
When you keep doing the hard work, opportunities arise.
I want to dispel the “Get rich quick” idea right away.
With $25 per day, I can’t pay the rent and feed my baby boy, but it’s some extra money I can save.
Consistency is the ultimate key to success
One of my favorite YouTubers, Ali Abdaal, preaches consistency.
In his Part-Time YouTuber Academy he even goes one step further.
Ali says you shouldn’t think about making money until you’ve put out one video a week for two years.
If you’re just starting out, Ali’s advice is golden.
Produce, improve, repeat.
I know from a lot of (new) writers, getting started and maintaining consistency is easier said than done.
The problem for many writers is that they never stick to anything for enough time to see the compound effect.
The compound effect = the strategy of deriving large benefits from small, seemingly insignificant actions.
Small choices + consistency + time = significant results.
It’s challenging. Still, it’s worth it.
When I started writing I had zero followers.
- 👉Today, I have 2,988 followers.
When I started writing I didn't earn a single penny passive income per day.
- 👉12 months later, I earn about $25.
If you can make it work, you’ll gain passive income with Medium and have fun.
Medium is an incredible opportunity to build an audience, have an impact, and generate passive income.
My story is proof that within one year you can transform your writing into a sustainable passive income-generating machine by working from 7 pm to 10 pm — without quitting your day job.
Do something for your (future) life and start creating on a consistent basis to earn at least $25 passive income per day.
I’m cheering you on!
👉 Thanks for making my words part of your day! Leave a comment below or write me an email at email@example.com if you have any questions.
👉 Be sure to join Kristina’s publication Online Writing 101 to get the latest tips, tricks, and news about writing on Medium.