Here is how I make money while I sleep

rebuilding_rotary_engineads.jpgWell if you were wondering how exactly I generate income through the web, I will show you.  What the following is isn’t anything crazy, but it is a solid asset that I have been trying to build since Sept 06, so we are 5 months into the buisness project.

Each week I drive down to Portland, every Thursday.  Yea I know, on Thirsty Thursdays I have a video shooting, we do video online production.  We film videos on how to rebuild the rotary engiens.  The video production buisness sounds cooler than it really is, although it is kind of cool.  I use to work at Pineapple Racing, we rebuild rotary engine motors, which are only in a few select Mazda Sport Cars, specifically the “RX” series, like RX-7, and the new RX-8.

So each week I get in my car, and we create theses little assets, it is good for the shop because it increases their branding.  It is good for me because it provides me with another asset.

rebuilding_rotary_engines.jpg

Anyways because I was introduced to passive income when I was in high school with my first website, http://www.RotaryEngineIllustrated.com, it basically changed my whole entire focus in life, literally to want to build websites that will spit off cashflow whether or not I’am working.  Buidling online assets.

The cashflow you see on the right is the residual income it makes on a daily basis.  The site gets around 200 unique visitors a day with about 800 page views a day, again, not anything spectacular.  For the month of Feb 06, it generated an extra $76.00.  So you say, well great Wes, thats not much money.  Hey, I could stop right now and collect $76 checks every month, it adds up.

If you want to get rich, it is pretty simple.  Focus your energy on buisnesses and income that is passive, or portfolio income.  The worst income to create is earned income, that is going to a job.  Why? Well if your not sure, honestly, you better figure it out there is to many reasons to list because if you don’t know, you do not even know what you are missing.  I will only work on income that will create passive or portfolio income, that is simply why I refuse to work a job.  There is no leverage there, when you work a job you must make someone else rich. Plan and simple, you are the one getting leveraged.

So after that tangent, we film theses every week this is one of my websites I have.  It takes about 2 hours to drive up to Portland, acouple hours to shoot, and then an hour or two to edit the video and post it online.  Then of course we have the website http://www.rebuildingrotaryengines.com. This revenue is from the Google Adsense, it brings in about $2.58/day on average this Feb.
So this is just to show you one of the ideas I have.  Although here is the trouble, although the more I read and learn I start to realize.  While this is good, it isn’t really that great.  The problem with this, is its great, its residual, but there is no explosive growth, it is kind of boring.  That is why I’am developing the web 2.0 project.  See, on a site like this there is really no leverage.  There is no leverage, the rich get richer by leveraging other peoples resources, money, time, networks.  See at a job, you are being leveraged.  This site is sort of leveraged, you do it once and its good, but it won’t get you rich.

Anyways, that is it for now, if you were interested that is how I make money while I sleep.  Not that much, but its growing every day, and soon to start growing exponentially after this Web 2.0 project, which has over 500 hours invested into it, and 500 hours more invested into it (can you imagine, launching your own project that you put over 1,000 hours into it), thats what I’m talking about!

rebuilding_rotary_engines_a.jpg
Here are the stats from RebuildingRotaryEngines.com, nothing spectacular. But what if we had like 20 of them? This wasn’t easy to create, building solid assets is challenging, takes stuff you don’t learn in the class room, you gota use your mind, you have to create assets for yourself.  Real Estate, Royalities, Passive Commisions, Buisness, Residuals.
If you don’t know what a residual is, well, that is what you want.  Residual payments are geting paid, over, over, and over, and over, did I mention over again, and continue to get paid, for doing one thing, one time.
Is what you are doing going to result in residual income? If not, you may consider now that you know the difference.
  • Solid Wes…if you haven’t heard yet, Chow made $7,011 in February.

    What’s possible for others is possible for us.

  • Holy smoly!

  • thanks for letting me know about analytics btw…great tool.

  • Great viral concept. I would think you could really increase traffic and revenues with marketing.

    Some examples:
    Increase backlinks
    Work on layout for better branding
    More interaction with the users (blog/forum?)