5/18/2023 0 Comments Hustl glasses![]() Since I'd have to dedicate around 10 to 15 hours a week and invest a few thousand dollars in working with an SEO expert and running those ads to get traffic, it could take me a very long time to generate substantial passive income. If I wanted to optimize my earnings through these ads, I'd have to invest in getting more traffic, which would require additional time spent marketing the blog, doing search-engine optimization, and even spending money on Google and Facebook ads to get the URL in front of more people. Since my website traffic for the blog was less than 1,000 views a month, I was only earning a few dollars running these ads. You earn income based on how many clicks and impressions you drive to the ad on your site, and the amount varies. Anyone who owns a website can try this out if you meet Google's criteria. ![]() I signed up for a Google Adsense account, which helps you run ads on your website, and connected my blog. ![]() Three years ago, I decided to try running ads on a blog I had been operating for a few months. It wasn't a sustainable way to make money, and the amount of effort that went into the process didn't make it worthwhile. In the end, this passive income stream proved to be stressful, time-consuming, and risky. I would've been better off researching companies and investing in dividend-paying index funds, which are a group of stocks that pay their company earnings to shareholders. Trying to make passive income in the stock market is risky, especially when you're someone who doesn't fully understand it. But as the months went by, I lost money not selling shares in time or hoping that prices would rise, when they ended up just getting lower. ![]() I didn't study market trends or even put more than a few seconds of thought behind which stocks I bought.Īt first, I was making passive income as the stocks increased in value, and I sold off a few shares to make a profit. Without doing any research, I opened up an account with a commission-free investing platform and bought stock in random companies that I liked or thought were interesting. It often indicates a user profile.īut in 2020, I gave in to pressure from friends who were constantly telling me about the stocks they were investing in and how much money they were making. Account icon An icon in the shape of a person's head and shoulders. ![]()
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