Want to make money? Do you want to make money online? Well, I love this subject! This is the subject of making money and building a money-making machine (or several money-making machines). It’s exciting, it’s rewarding, and it’s fun. Yes, I said fun!
A money machine is a passive income stream. Although it’s likely others have used the term in a similar way, “money machines” used in this manner is a phrase I coined and have been using for years.
If you haven’t noticed, my site is about building money machines. Not just blogging, but all kinds of money machines.
Generating an income and building a business can seem like a monumental task, but if you break it down into small objectives, it takes the edge off and makes it much easier. Making money online or off takes work and effort, so anything that can help take the edge off is openly accepted!
Let’s get back to the money machines
I call them money machines because I am building an automated system or process that generates money. Therefore, it’s a machine because an automated, and it’s money machine because that’s what the machine is designed to produce – money! Got it?
Now you can fall in love with it! How cool is it to build machines that make money?
If you like tinkering, and you need a new hobby, why not build money machines? As I said, it’s fun.
Just keep in mind that building money a machine takes work – sometimes a lot of work. The difference is, you work once upfront to build the machine, and then continue to collect the money it produces, reaping the rewards on an ongoing basis.
Let’s look at some examples of money machines
Money machines can be online or off. If you buy a house and rent it out, that’s a money machine. Before you comment, I understand that rental property requires maintenance, tenants, management, and the like.
There are no (or very few) passive income businesses that are 100% passive. However you can hire people to handle most, of not all, of the functions. I would know, I am an active real estate investor and I’m a landlord. To me, passive income means I am making money while I’m sleeping, on vacation, or relaxing with friends.
Let’s look at a few other examples
If you own a Laundromat, that’s a money machine. Well, it’s a money machine if you are not working there. Either it’s fully automated, or you hire a manager.
Another offline example is having an automated car wash. Now that’s a real physical money maker machine!
You are probably interested in an online money making machine
Or several online money making machines! The Internet is an awesome tool. It’s opened the floodgates wide open for the money machine! Now you can build these money makers from home!
The Internet provides leverage, and that means the opportunity to build money making machines without much money, and sometimes with no financial outlay at all.
My original idea for this website was to document the online money machines I was working on, and share how to set them up. I had two types of online money machines at the time: PPC affiliate marketing, and niche website affiliate marketing.
But a funny thing happened when starting this site… while doing keyword research, which was centered around making money online, and I realized that a ton of people were interested in blogging. At first, I did not yet want to start another type of money machine (I was going to continue to repeat what was working on), but I saw that the blog itself as a highly leveraged money machine with huge potential.
The challenge was that building a blog (which requires lots of content) was going to take a lot of time and energy. Keep this in mind as you choose the money machines you start with. No worries though, I am going to help you. That’s the whole point. And this article is intended to show you that you can choose one money machine at a time.
Anyway, starting a blog is great, but it’s not in itself a money machine until you decide how you want to monetize it in one or more of the many ways available. As I said, I was originally building this site as a way to document and share other money machines – not in itself a money machine. Of course, all that changed!
Conclusion
The intention of this post is to let you know that you can (yes you can!) build money machines and make money online! I want you to know that you can choose a smaller, easier project (machine) to fit your time and budget. One step at a time.
I also want to be really clear that success online takes a lot of work, otherwise everyone would be rich. I don’t want to burst your bubble, but if you plan to stay in the game, you need the truth.
I have been in business for decades. Building a successful income stream has always taken commitment and effort, and for some reason, people today are falsely thinking that just becoming an affiliate, or starting a blog is going to generate money with little to no effort. It is fun, it is rewarding, but it takes lots of work upfront. A lot.
But here’s the difference:
- When you build a money machine you work once, then get paid, then get paid again, and again, and again, and so on.
- When you have a job, you work, then get paid. Then you work again, and get paid. Then you work again, and get paid.
Building money machines are sooo worth it!
It’s like a musician producing a song or an album. Once it’s produced, it continues to generate income. That too, is a money machine.
You can do the same. Break it down to one money machine, one stream of income. Make it work, don’t quit. Then, and only then, build another money machine. And again, make it work before moving on to another.
Multiple streams of income is how wealth is built!
I plan to write more posts on various money machines and how to implement them. If you have a question regarding anything, let me know.
If you grasp the concept of multiple streams of income as separate money machines, which can be learned individually, and that you can do this online, then I have accomplished my goal for this post.
Resources
- Money Machine: Domaining
- Money Machine: Blogging
- Money Machine: Funnels
- Money Machine: Affiliate Marketing
- The Money Machine Mentality
If you found this article helpful, please help me out and share it. It means the world to me!
I welcome your questions and comments below.
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Awesome read!
There’s so many more online opportunities for passive income (aka, money machines) now than there were when I wrote this post!