The Hard Truth About Passive Income | Is It Still Possible To Make Money With Blogging?

The Hard Truth About Passive Income | Is It Still Possible To Make Money With Blogging? // Do you see those videos and ads of people on YouTube and Facebook showing you how they're on the beach, or on the mountains, or in their fancy house, being like, look at all this money I'm making without working hard. The question is, is that even possible?

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You can't just make money really easily like you could back in the old days, in which you just started a blog, you got traffic, and then, boom!

You got rankings, you push some affiliate offers, and you can just sit back, cash your checks, and call it a day.

Nowadays, there are a few things that are going to hurt you, and let's go over them.

The first thing that's going to hurt you is there are over a billion blogs.

If there are over a billion blogs, and there are roughly 7,000,000,000 people, that's roughly one blog for every seven people. Do you think we need that many blogs in this world? No.

The second thing that you need to know is, ads keep going up, year over year.

So if you're making your passive income by just running Google ads or Facebook ads, driving traffic to a landing page, and selling people on some affiliate offers, your own proctor service, it's not going to keep working.

Because if you don't keep fine tuning your funnel, optimizing your conversions, you're not going do well in the long run, because other people are going to be able to compete.

They're going to add an upsells, downsells, and just beat you, and the ads are going to get way too expensive for you, so that way you're not going to be able to keep making that passive income without doing anything else.

The third thing that you need to know is luck.

If anyone thinks that you can just pop a business and miraculously make money, and they're even pitching that, they're lying.

They put in a lot of hours and time and energy to get there. They may not be showing it, because they want to pitch you on how easy it is to do what they're doing, and they want you to give them $1,000 to teach you their same formula.

In other words, they did put in the time and effort, they're just not showing you.

And if they're getting a quick win without putting in much effort, that means they're duping
you and giving you something that really isn't going to provide much value.

In other words, anything worthwhile takes time. The fourth thing that no one tells you is, you now got to deal with algorithms.

It no longer takes three months, or six months, to get to the top of Google. In many cases, it could take one, two years.

So that means you got to put in work, hard work, for a few years before you're milking enough money somewhat passively.

Because as you know, if you don't update it, you're not going to do well either.

Things like Facebook. They keep making their algorithms harder and harder and restricting their reach, and it's not just Facebook.

Whether it's LinkedIn, whether it's Instagram, they're all doing that.

They're going to work against you. So you got to keep adapting.

And to keep adapting and staying on top of your game that means you need to read more, that means you got to experiment more, you got to learn more.

And if you stop doing that, you think you're going to keep getting the results?

Of course not.

It's just a question of when things are going to die down. So if you think passive income is still possible, not really.

You got to put in work. Everyone's like, yeah, passive income is the dream. Well, most people I know have passive income from things like real estate.

They made a lot of money from doing their core business or working 40, 30 years in the corporate world.

They took that money, and they invested it. And sure, it may be passive now, but you got to put in that hard work to get that truly passive income, which is typically going to happen from investments.

If you expect passive income just from your website, it's not going to happen, because, over time, someone's going to outrank you, beat you on the social web, boost their conversion rate, outspend you, whatever it may be.

Eventually, your competition will crush you if you stop putting in the time and effort.

#PassiveIncome #NeilPatel #Blogging

[neilpatel]

Do you think it's possible to make income without doing any work? If you do, leave a comment below with “yes”. If you do, leave a comment below with “no”.

[nicola-socialmediasuccess]

Very honest video! I appreciate!
This is the reason why I'm completely transparent in my videos

[RoopeshGovind]

I agree with you 100% Neil. Many times people think that when they start an online business, the results will be faster because of the fact that it's online. Yet, it's just as hard as building a traditional 'brick and mortar' business. It certainly does have the potential to make you a passive income but as you said, one needs to adapt and keep learning and adopting strategies to be ahead in the game. Great video!

[ThomasGaretz]

It’s not possible! You gotta work your butt off! I post 3 days a week and started a fb group and spend all of my feed time doing this business.

It’s starting to grow and really exciting now :) I owe a lot of this to you Neil. You are my inspiration!

[PatrickCogen]

Passive income is still possible however it requires lots of elements including patience!

[KellyCasanova]

No, it takes hard and consistent work. A lot of people don't want to hear that, but it beats working for a boss anyday 😊

[foxruneec]

TRUTH! Thanks Neil. Everything takes work and effort. Passive income is no different.

[jasperstojanovski]

I hit the like button for your brutal honesty. A lot of people pretend that making money blogging is easy—which is isn't.

[JuiceTeaBeans]

Thanks for being honest. Passive income is desirable, but yes, you have to know to update, experiment, and definitely keep on learning...like watching your videos!

[LifeOfTheEmptyNesters]

No. As NFL New England Patriots General Manager Bill Belichick says, "No days off!" A great motto to remember when starting your blogging business. Thanks for the truths Neil! 

Happy Travels!!

[flipflopweekend]

Really appreciate this honesty! My blog is doing better than I imagined it could when I started, but I know I need to keep working, keep trying new things and figure out how to turn it into an actual brand and business. Thanks for all of the helpful information!

[OdLuisMarcano]

Thanks Neil, for speaking the truth and not sharing smoke-content

It's worthy to have you among my digital marketing references

Greetings from Caracas, Venezuela

[alexchaudhry]

No, I don't think you can make money without any kind of input or work. As algorithms & trends change, your website or app will need to adapt to these critical changes and you will need to combat competitors. So you will certainly need to put some work and evolve your business with the latest trends & software.

[PriyaFlorenceShah]

Superb advice, Neil! Few "gurus" are willing to admit how much hard work they put into their business.

[sanjayrshinde]

Thanks Neil for sharing the truths of passive income. Appreciate your efforts. Keep up the good work. Sincere thanks. Take care of yourself and your loved ones.

[jamesscott]

Thanks for the cold hard truth! So basically if we get slack and let our guards down we will get out manoeuvred and CRUSHED. Neil, you must have done some crushing these last few years lol. Keep up the good work!

[shaikhsaqlain]

The people who are showing that they earn 200k/day then why they are sharing at free of cost.They all hide behind the scenes hard work and challenges they face from starting.All they want referrals more and more referrals.They don't care how person will distract watching his thumbnail.

[linearchitect]

Thanks for the video. You revealed me with more information with this video. I already realized that we need to have the hard work, but with this video, with only hard work isn’t enough, you have to work even harder. Thanks again.

[GoTechUG]

Yes, passive income is possible.
No.. If you don't put in the work.

[craigdewart]

I think passive income is definitely possible. There just isn’t as many quick wins. I’ve read loads of stories / spoke to a lot of people who have capitalised on something like amazon merch or a subscription box etc. They found it very hard to maintain the income they got when they started and are still hiding behind their early wins.

This video is so true though, beware of people that are screaming and shouting about their early wins and are now trying to sell you a course.

We just need to keep our eyes out for the next dropshipping or the next fb ads etc.