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Philadelphia Riders on Reddit
2012.06.10 23:46 bayank Philadelphia Riders on Reddit
Reddit community for motorcycle riders in and around the Philadelphia region.
2023.04.01 21:57 ImostlyAI Answering most common FAQ subjects of the sub.
From the questions and discussions in this forum, it is evident that some of the most recurring themes and problems include:
- Difficulty in establishing and maintaining passive income streams.
- High initial costs and uncertainty surrounding investments, such as real estate or land.
- The challenge of generating online traffic for passive income strategies.
- Differentiating between passive income and side hustles.
These are the recurring things people ask for help with. They're the biggest challenges. Breaking them down into their component parts helps to start to build solutions to them.
1. Identifying Viable Passive Income Opportunities *Understanding different passive income options
*Assessing your skills, interests, and resources
*Evaluating potential risks and returns
Understanding different passive income options There are three main ways passive income can be made. You can get a return in money invested, you can get paid for work someone you employ fully covers and you can get paid in different ways from work you have already done. Below is a list of potential passive income methods. It's not exhaustive, but it covers most of the popular ones and many practical ones.
ROI-Based Passive Income Options - Dividend stocks: Invest in companies that pay dividends to shareholders.
- Real estate investments: Rental properties, real estate investment trusts (REITs), or crowdfunding platforms.
- Peer-to-peer lending: Lend money to individuals or businesses through online platforms and earn interest.
- Bonds: Invest in government or corporate bonds that provide periodic interest payments.
Recurring Payment/Commission-Based Passive Income Options - Online businesses: Create and monetize blogs, YouTube channels, or e-commerce websites.
- Affiliate marketing: Promote products or services for a commission on each sale.
- Licensing intellectual property: License your patents, trademarks, or copyrighted works for royalties.
- Create and sell digital products: Develop e-books, online courses, or software and receive payment for each sale.
- Subscription-based services: Offer services or content with a recurring subscription fee, such as membership websites, software as a service (SaaS), or newsletter subscriptions.
Assessing Your Skills, Interests, and Resources To find the passive income streams that best suit your unique abilities, interests, and resources, answer the "Do you have/can you obtain" questions below. If you answer "Yes" to multiple questions in a category, it may indicate that you are well-suited for those particular passive income methods.
Category One: ROI-Based Passive Income - Do you have risk capital (money you can invest without jeopardizing your financial stability)?
- Do you have risk tolerance for fluctuations in capital (can you handle temporary losses or dips in your investments)?
- Can you regularly allocate new capital to build a portfolio (commit to ongoing investments in your chosen income streams)?
- Do you have the ability to research and analyze investment opportunities (can you evaluate potential risks and returns)?
- Are you patient and willing to wait for long-term gains (can you avoid reacting impulsively to short-term market movements)?
Category Two: Recurring Payment/Commission-Based Passive Income - Do you have writing skills (can you create engaging content for blogs, e-books, or online courses)?
- Can you code (do you have the ability to develop software, apps, or websites)?
- Do you know about marketing (can you effectively promote products, services, or content to drive traffic and generate sales)?
- Do you have graphic design skills (can you create visually appealing images, logos, or layouts)?
- Are you good at networking and building relationships (can you collaborate with others in your niche to increase visibility and opportunities)?
- Can you create compelling video content (do you have the skills and equipment to produce high-quality videos for platforms like YouTube)?
Again, this is not an exhaustive list of skills and resources that can help you to produce passive income. Hopefully if you do not have skill sets here it helps put you on the right thinking process to become aware of skills/resources you do have. If you're answering "No" to everything and can think of nothing, you'd benefit from investing time and effort into developing skills.
Many passive income methods fall under either being good at managing money, good at managing systems that create income or good at managing people. These are areas to aim to find and build on strengths. Being able to leverage your own capital, efficient systems or the work of others are viable forms of creating passive income.
Evaluating potential risks and returns When considering various passive income opportunities, it is crucial to assess the potential risks and returns associated with each option. This helps you make informed decisions and select strategies that align with your financial goals and risk tolerance. In this post, we will discuss the key factors to consider when evaluating the potential risks and returns of different passive income streams.
1. Investment Risk - Understand the inherent risks associated with each investment type (e.g., market volatility, liquidity, credit risk).
- Diversify your investments to mitigate risks and protect your overall portfolio.
- Stay informed about market trends and economic factors that could impact your investments.
2. Time Horizon and Return Expectations - Consider your investment time horizon (short-term vs. long-term) and adjust your risk tolerance accordingly.
- Set realistic return expectations based on historical performance, industry benchmarks, and your investment time horizon.
- Reevaluate your investments periodically to ensure they continue to align with your goals and risk tolerance.
3. Initial Investment and Ongoing Costs - Calculate the initial investment required for each passive income opportunity.
- Consider any ongoing costs, such as maintenance, management fees, or platform fees.
- Weigh the potential returns against the costs to determine the overall profitability of each option.
4. Liquidity and Exit Strategy - Evaluate the liquidity of each investment option (how easily can you convert it to cash?).
- Consider potential exit strategies and the ease of withdrawing from an investment.
- Factor in potential tax implications when selling or withdrawing from investments.
5. Personal Risk Tolerance and Financial Situation - Assess your personal risk tolerance and financial stability.
- Choose investments that align with your risk tolerance, ensuring you are comfortable with potential losses or fluctuations in value.
- Continuously reevaluate your personal financial situation and adjust your investments accordingly.
Your risk breaks down into two parts. Risk of capital and risk of spent time/effort that does not later produce passive income. I'll be honest with you, we're probably in a time when the risks to popular passive income flows is getting to its highest. Both when it comes to investments and different types of commission based income, there are possible clouds on the horizon.
Popular methods of passive income such as blogging or different methods of affiliate marketing are now going to become much more flooded and competitive with AI making it so easy for anyone to produce MVP style stuff. Anyone with a bit of patience and understanding of AI to build exceptional stuff quickly and those are the upper end of the skill curve to cement dominance on big niches.
The popular ROI based investments should be a slave to interest rates. I say "Should be" because markets can be irrational for a long time, but even after this it will usually come to pass that interest rates dictate the performance of many ROI based passive incomes.
Dividends: Higher interest rates eventually produce lower stock prices. Dividends decrease and there's losses on initial capital buying stocks high that are now low.
Housing/Rents: Higher interest rates make people overall poorer and businesses more likely to lay people off. High rates can lead to vacancies in leases and decline in asset value relative to buy price.
Lending: In a higher interest rate environment across the board it's more likely debts will be defaulted on if people and businesses become bankrupt.
The risk of rates going higher is the highest it's been in decades. No one knows how economic policies will play out and things can happen to change course along the way but it is clear that central banks around the world are talking about the need to increase interest rates. If they follow through on this (Now or later), all economic logic suggests ROIs on risk assets decrease or go negative.
There are many logical reasons why this happens. Asides from the risks mentioned above higher interest rates also mean people can save or invest in low risk bonds and make more money. Over the last decade people had to invest in stocks because bonds gave a return under inflation (Loss) - but when bond yields are high, why risk money on volatile stocks if you do not have to?
Let's be clear, there's economic theory and logic and then there's markets. It can take a considerable time for this to hit home in the real markets. I'd not be surprised to see stocks etc going higher in the short term purely on the power of the speculative boom of the last decade. When we're talking about 3-10 year returns, asset performance will usually be a slave to interest rates.
2. High Initial Investment and Setup Costs *Budgeting and saving for initial investments
*Exploring low-cost passive income opportunities
Budgeting and saving for initial investments
Before diving into passive income opportunities, it's essential to establish a solid financial foundation. Budgeting and saving for initial investments play a crucial role in ensuring you can invest in your chosen passive income streams without jeopardizing your financial stability. In this post, we will discuss tips and strategies for budgeting and saving to build the capital needed for your passive income ventures.
1. Set Clear Financial Goals - Determine the amount of capital you need to invest in your chosen passive income opportunities.
- Establish a timeline for when you want to start investing.
- Break down your investment goal into smaller, manageable monthly or yearly savings targets.
2. Create a Realistic Budget - Track your income and expenses to understand your current financial situation.
- Identify areas where you can reduce expenses, such as discretionary spending or subscriptions.
- Allocate a specific portion of your income to savings and investments each month, prioritizing your financial goals.
3. Automate Your Savings - Set up automatic transfers to a dedicated savings or investment account.
- Utilize apps or online tools to help you save and invest automatically.
- Automating your savings helps you stay consistent and avoid the temptation to spend the money elsewhere.
4. Build an Emergency Fund - Before investing in passive income opportunities, ensure you have an emergency fund to cover unexpected expenses or financial setbacks.
- Aim to save at least 3-6 months' worth of living expenses in a separate, easily accessible account.
- Having an emergency fund in place allows you to invest with confidence, knowing your financial stability is protected.
5. Explore Additional Income Streams - Consider taking on side hustles, freelancing, or part-time work to generate extra income for your investments.
- Use any windfalls, such as bonuses or tax refunds, to boost your savings and investment funds.
- Additional income sources can accelerate your savings progress and help you reach your investment goals sooner.
In theory, creating wealth (And passive income being a part of that) is a simple equation of spending less than what you earn and then effectively investing the difference. The theory is sound but there's real market/counter-party risk to investments. When investing capital you should put real consideration into what would happen if you lost it all or could not access it for a long time.
There are many evangelists of the virtues of passive income by dividend stocks or DCA'ing into index funds. Although I believe these may have a good short term performance, I think these avenues are much more risky with the conditions we have in the 2020s relative to the conditions we had up to 2019.
It's a good time to be risk aware if your investment timeframe is multiple years/decades.
Exploring low-cost passive income opportunities
Starting your passive income journey doesn't always require a large initial investment. There are various low-cost opportunities that can generate passive income over time with minimal upfront capital. In this post, we will discuss several low-cost passive income options to consider, helping you find the right opportunities that align with your budget, skills, and interests.
1. Affiliate Marketing - Promote products or services through your blog, social media, or email list, and earn commissions on sales generated through your unique affiliate links.
- Requires minimal investment in website hosting, content creation, or marketing tools.
- Can be a lucrative passive income source if you build a loyal audience and focus on promoting high-quality products or services.
2. Print-on-Demand Products - Design and sell custom products (e.g., t-shirts, mugs, phone cases) through print-on-demand platforms like Printful or Redbubble.
- No upfront inventory costs, as products are created and shipped only when a customer places an order.
- Requires an investment in design software, marketing, and potentially a small online store setup fee.
3. Stock Photography or Digital Art - Create and sell stock photos or digital art on platforms like Shutterstock, Adobe Stock, or Etsy.
- Requires an investment in a camera or design software, but the potential for passive income is high as customers can purchase your work multiple times.
- Focus on creating high-quality, unique images or designs that cater to a specific niche or audience.
4. Self-Publishing E-books - Write and self-publish e-books on platforms like Amazon Kindle Direct Publishing (KDP) or Draft2Digital.
- Requires an investment in time for writing, editing, and formatting, as well as a small fee for cover design or marketing.
- Earn royalties on each sale, creating a passive income stream as your e-book continues to sell over time.
5. Online Courses - Create and sell online courses on platforms like Udemy, Teachable, or Skillshare.
- Investment in recording equipment, editing software, and potentially marketing efforts.
- Can generate passive income as students enroll in your courses over time, especially if you create evergreen content that remains relevant.
6. YouTube Channel - Create and monetize a YouTube channel by producing valuable or entertaining content that attracts viewers.
- Requires an investment in recording and editing equipment, as well as time spent on content creation and promotion.
- Passive income generated through ad revenue, sponsored content, or affiliate marketing as your channel grows.
There's some good news and some bad news when it comes to these types of income streams (Well, I suppose what's good and bad really depends on your skills and situation). Let's just call it some news:
AI is bringing the knowledge edge of many niches down to close to zero. When it comes to the raw basics of things AI can auto-generate info that of extremely high standard. If you know a bit about a subject you can structure a great ebook/course etc easily using AI to do most of the work. Even knowing nothing you can create stuff that's on par with many of the current blogs available on the topic. The knowledge niche is shrinking to really only apply to unique insights and experience (And these may also be swallowed up by AI later).
So it's never been easier to do this. Seriously. Want to write a book? You can do one over the weekend. Been trying to structure a blog? AI can do that for you while you're sitting on the toilet. The value of knowledge is crashing, but the value of audience is
rocketing. If you can create some niche audience that will follow you, you can create amazing content that gives them real value.
The value of building a social media following has never been higher. You can create niche products and sales funnels so easily and efficiently. Things like SEO are likely to be hard for anyone who's not good in the game - but building a following that sticks with you is viable. The value of list building now is probably also higher than it's ever been.
Get a free trial with Get Response if you'd like to try/learn about list building.
Affiliate link >>
Non affiliate link.
It's never been easier to create products. It'd be a very shroud move to use this time to create audiences who can you keep in touch with and be able to sell them more products (As the tools for making them become even better).
3. Balancing Time and Effort between Active Work and Passive Income Ventures *Prioritizing tasks and setting realistic goals
*Developing efficient systems and automating processes
*Delegating responsibilities and outsourcing tasks when necessary
Prioritizing tasks and setting realistic goals Successfully creating and maintaining passive income streams requires effective time management, prioritization of tasks, and setting realistic goals. In this post, we will discuss strategies for organizing your tasks, staying focused on your objectives, and setting achievable targets that keep you motivated and on track to reach your passive income aspirations.
1. Identify Your Primary Passive Income Goals - Determine your specific passive income objectives, such as generating a certain amount of monthly income or achieving financial independence.
- Clearly define the passive income streams you plan to pursue, based on your skills, interests, and resources.
- Break down your primary goals into smaller, actionable steps to create a roadmap for success.
2. Prioritize Tasks Based on Importance and Impact - Assess the urgency and importance of each task related to your passive income ventures.
- Focus on high-impact tasks that directly contribute to your goals, such as creating valuable content or promoting your products or services.
- Avoid getting bogged down in low-priority tasks that don't significantly impact your progress.
3. Set Realistic and Measurable Goals - Set achievable short-term and long-term goals that align with your primary passive income objectives.
- Ensure your goals are specific, measurable, attainable, relevant, and time-bound (SMART).
- Regularly review and adjust your goals as needed to keep them realistic and achievable.
4. Create a Schedule and Allocate Time for Passive Income Activities - Establish a dedicated schedule for working on your passive income projects, ensuring you allocate sufficient time to focus on important tasks.
- Use time management techniques, such as time blocking or the Pomodoro Technique, to maximize productivity.
- Be consistent with your schedule, treating your passive income activities as a priority and committing to the time you've allocated.
5. Track Your Progress and Celebrate Milestones - Regularly monitor your progress towards your passive income goals, using tools like spreadsheets, goal-tracking apps, or journals.
- Celebrate milestones and accomplishments along the way, rewarding yourself for your hard work and dedication.
- Reflect on your progress, identifying areas for improvement and adjusting your strategies as needed.
6. Stay Flexible and Adapt to Change - Be prepared to pivot and adjust your passive income strategies as circumstances change or new opportunities arise.
- Embrace a growth mindset, learning from setbacks and using them as opportunities to grow and improve.
- Stay informed about industry trends and emerging passive income opportunities, adapting your approach as needed to stay competitive and successful.
Developing efficient systems and automating processes Maximizing the potential of your passive income streams often involves streamlining and automating processes to reduce time and effort while increasing efficiency. In this post, we will discuss strategies for developing efficient systems and implementing automation to help you achieve passive income success more effectively.
1. Identify Repetitive and Time-Consuming Tasks - Evaluate your passive income activities and identify tasks that are repetitive, time-consuming, or prone to human error.
- Determine which tasks could be simplified or automated to save time and improve efficiency.
2. Implement Automation Tools and Technologies - Research and invest in automation tools and technologies that can streamline your passive income processes, such as email marketing software, social media scheduling tools, or accounting software.
- Test and optimize the automation tools you implement, ensuring they effectively save time and increase productivity without compromising quality.
3. Outsource Non-Essential Tasks - Consider outsourcing non-essential tasks to freelancers or virtual assistants, freeing up time to focus on high-priority, high-impact activities.
- Use platforms like Upwork, Fiverr, or Freelancer to find skilled professionals who can handle tasks related to content creation, marketing, or administrative support.
4. Develop Standard Operating Procedures (SOPs) - Create clear, step-by-step SOPs for your passive income activities to ensure consistency, efficiency, and scalability.
- Use SOPs to train new team members, virtual assistants, or freelancers, ensuring they understand and follow your processes and standards.
- Regularly review and update your SOPs to keep them current and relevant as your passive income ventures evolve.
5. Optimize and Refine Processes - Continuously monitor and assess the efficiency of your passive income processes, identifying areas for improvement or potential bottlenecks.
- Implement process improvements or optimizations to further streamline your operations and maximize productivity.
- Stay open to new technologies, tools, and best practices that can help improve the efficiency of your passive income activities.
6. Monitor and Adjust Automation as Needed - Regularly review the effectiveness of your automation tools and systems, ensuring they continue to meet your needs and align with your passive income goals.
- Be prepared to adjust or replace automation tools as your passive income ventures grow and evolve, or as new technologies become available.
Again, shout out to Get Response who cover a lot of this efficient automation stuff. You can make a lot of money with these systems if you take the time to learn how to set them up and feed them.
Get a free trial with Get Response if you'd like to try/learn about list building.
Affiliate link >>
Non affiliate link.
Delegating responsibilities and outsourcing tasks when necessary Achieving passive income success often requires efficient delegation and outsourcing of tasks, allowing you to focus on high-impact activities and manage your time more effectively. In this post, we will discuss strategies for delegating responsibilities and outsourcing tasks when necessary, helping you maximize your passive income potential and achieve your financial goals more efficiently.
1. Assess Your Skills and Strengths - Determine your core competencies, skills, and strengths that contribute the most value to your passive income ventures.
- Identify tasks that are outside your skillset or expertise, or that consume significant time and energy without providing a high return on investment.
2. Prioritize Tasks for Delegation or Outsourcing - Prioritize tasks for delegation or outsourcing based on their importance, complexity, and the potential time savings.
- Focus on delegating or outsourcing tasks that are time-consuming, repetitive, or require specialized skills, allowing you to concentrate on high-impact activities.
3. Choose the Right Team Members, Freelancers, or Virtual Assistants - Research and select team members, freelancers, or virtual assistants with the skills and experience necessary to handle delegated tasks effectively.
- Use platforms like Upwork, Fiverr, or Freelancer to find skilled professionals for tasks related to content creation, marketing, administration, or other areas of your passive income ventures.
4. Develop Clear Expectations and Communication - Establish clear expectations and guidelines for delegated tasks, ensuring that team members, freelancers, or virtual assistants understand your objectives and desired outcomes.
- Maintain open and regular communication, providing feedback and addressing any questions or concerns that arise during the delegation process.
5. Implement Standard Operating Procedures (SOPs) and Training - Develop detailed SOPs for delegated tasks, ensuring that your processes and standards are consistently followed.
- Provide training and support for team members, freelancers, or virtual assistants as needed, ensuring they have the resources and knowledge necessary to perform tasks effectively.
6. Monitor Progress and Evaluate Performance - Regularly monitor the progress of delegated tasks, evaluating the performance of team members, freelancers, or virtual assistants to ensure they meet your expectations and contribute to your passive income goals.
- Provide constructive feedback and address any performance issues promptly, ensuring that delegated tasks are completed efficiently and effectively.
7. Adjust Delegation and Outsourcing Strategies as Needed - Continuously evaluate your delegation and outsourcing strategies, making adjustments as your passive income ventures grow and evolve.
- Be prepared to delegate additional tasks, change team members or freelancers, or explore new outsourcing platforms as needed to maintain efficiency and maximize your passive income potential.
4. Generating and Sustaining Online Traffic *Creating high-quality content and optimizing for SEO
*Leveraging social media platforms and online communities
*Paid ads
Creating high-quality content and optimizing for SEO Producing high-quality content and optimizing it for search engine optimization (SEO) are essential components of building a successful passive income stream online. In this post, we will discuss strategies for creating valuable content and effectively optimizing it for SEO, helping you attract organic traffic and generate passive income more efficiently.
1. Identify Your Target Audience and Their Needs - Determine your target audience's demographics, interests, and preferences to create content that resonates with them.
- Research popular topics, questions, and pain points within your niche to develop content that addresses your audience's needs and interests.
2. Focus on Creating Valuable and Informative Content - Produce high-quality, well-researched content that offers value and insight to your audience.
- Aim to create evergreen content that remains relevant over time, providing long-term value and traffic potential.
3. Develop a Consistent Content Publishing Schedule - Establish a regular publishing schedule to maintain consistency and build trust with your audience.
- Use a content calendar to plan and track your content production and publication dates.
4. Optimize Your Content for SEO - Perform keyword research using tools like Google Keyword Planner, SEMrush, or Ahrefs to identify relevant, high-traffic keywords within your niche.
- Incorporate target keywords naturally within your content, including titles, headings, and body text, while avoiding keyword stuffing.
- Create compelling, click-worthy titles and meta descriptions that accurately reflect the content and include target keywords.
5. Utilize Internal and External Linking Strategies - Include internal links within your content to guide readers to related articles or resources on your website, improving user experience and increasing page views.
- Incorporate external links to authoritative sources when relevant, adding credibility and value to your content.
6. Optimize Images and Media for SEO - Compress images and media files to reduce load times and improve site performance.
- Add descriptive alt tags to images, incorporating target keywords when appropriate.
7. Monitor and Analyze Content Performance - Use analytics tools like Google Analytics or Search Console to track and analyze your content's performance, identifying trends and opportunities for improvement.
- Regularly update and optimize existing content to maintain relevance, improve search rankings, and drive organic traffic.
8. Promote and Share Your Content - Share your content on social media platforms, online communities, or email newsletters to increase visibility and drive traffic.
- Network with influencers and other websites within your niche to build relationships and secure backlinks, further boosting your content's SEO performance.
SEO I assume is going to get harder and harder. While it's a wonderful thing to pull off getting targeted passive traffic from searches I wonder how wise it is to invest effort into this unless you're already really good and likely to gain a better edge with tech than others can gain on you. I think creating your own niche audience is probably more viable.
If it works, SEO income feels like magic. You write some stuff. Post some links. Wait a while and money starts showing up. But it's a fickle world, SEO income can go from $1,000s a week to $10s a month (Or less) on a Google update or someone just outdoing you in the rank fight.
Leveraging social media platforms and online communities Utilizing social media platforms and online communities can significantly contribute to your passive income success by increasing your online visibility, driving traffic to your website or products, and building a loyal audience. In this post, we will discuss strategies for effectively leveraging social media and online communities to boost your passive income potential.
1. Choose the Right Platforms and Communities for Your Niche - Identify social media platforms and online communities that are most relevant to your niche, target audience, and passive income ventures.
- Focus on platforms where your target audience is active and engaged, such as Facebook, Instagram, Twitter, Pinterest, Reddit, or niche-specific forums.
2. Develop a Consistent Brand and Online Presence - Create a cohesive brand across all social media platforms and online communities, including profile images, banners, and messaging.
- Develop a consistent posting schedule to maintain audience engagement and build trust.
3. Share High-Quality and Valuable Content - Publish and share content that resonates with your target audience, providing value and addressing their needs or interests.
- Use a mix of content formats, such as blog posts, images, videos, or infographics, to keep your audience engaged and interested.
4. Engage with Your Audience and Build Relationships - Respond to comments, messages, and questions from your audience, fostering connections and building trust.
- Participate in relevant conversations and discussions within your niche, offering insights, advice, or resources to establish yourself as an authority.
5. Collaborate with Influencers and Industry Leaders - Network and collaborate with influencers and industry leaders within your niche, helping to increase your visibility and credibility.
- Consider guest posting, co-hosting events, or partnering on projects to reach a broader audience and drive traffic to your passive income ventures.
6. Utilize Paid Advertising and Promotion - Explore paid advertising options on social media platforms, such as Facebook Ads, Instagram Ads, or Pinterest Promoted Pins, to increase your reach and drive targeted traffic.
- Test and optimize your advertising campaigns to maximize return on investment and minimize costs.
7. Monitor and Analyze Your Social Media Performance - Use analytics tools, such as Google Analytics or platform-specific insights, to track and analyze your social media performance and identify areas for improvement.
- Adjust your content, posting schedule, and engagement strategies based on data-driven insights to continually improve your results.
8. Leverage Online Communities for Feedback and Ideas - Actively participate in relevant online communities to gain valuable feedback and insights from your target audience.
- Use these insights to inform your content creation, product development, or marketing strategies, ensuring that your passive income ventures align with your audience's needs and interests.
The social media model is much more viable since you have a better way of escaping the gatekeeping of the algo. On social media when someone posts asking something you can engage with them, chat, make friends and help them. You can make human connections and ensure your audience sees your content based upon building an audience that wants to see your content and will turn on notifications for it if the algo is not already showing them.
Paid ads Paid ads can be a powerful tool for generating targeted traffic to your passive income ventures, increasing visibility, and driving conversions. In this post, we will explore various paid advertising options and discuss strategies for effectively using paid ads to boost your passive income potential.
1. Choose the Right Advertising Platform - Identify the most suitable advertising platform(s) for your target audience, niche, and passive income ventures, such as Google Ads, Facebook Ads, Instagram Ads, Pinterest Promoted Pins, or Twitter Ads.
- Consider your target audience's demographics, interests, and online behaviors when selecting an advertising platform to ensure your ads reach the right people.
2. Set Clear Advertising Goals and Objectives - Establish clear goals and objectives for your paid advertising campaigns, such as increasing website traffic, generating leads, or driving sales.
- Use these goals to guide your ad creative, targeting, and budgeting decisions, ensuring your campaigns are aligned with your passive income objectives.
3. Develop Compelling Ad Creative - Design eye-catching and engaging ad creatives that clearly communicate your value proposition and encourage users to click through to your website or offer.
- Test different ad formats, such as text, image, video, or carousel ads, to determine which performs best for your target audience and campaign objectives.
4. Target Your Ads to Reach the Right Audience - Utilize the targeting options available on your chosen advertising platform to reach a specific audience based on demographics, interests, behaviors, or other criteria.
- Refine your targeting over time by analyzing campaign performance data and identifying the most responsive audience segments.
5. Set and Optimize Your Advertising Budget - Establish a budget for your paid advertising campaigns, considering factors such as your overall marketing budget, campaign objectives, and expected return on investment (ROI).
- Optimize your budget allocation across different campaigns, ad groups, or targeting criteria based on performance data to maximize ROI.
6. Monitor and Analyze Your Campaign Performance - Use analytics tools, such as Google Analytics, Facebook Ads Manager, or platform-specific insights, to track and analyze your paid advertising campaign performance.
- Regularly review your campaign data to identify trends, areas for improvement, and opportunities to optimize your ads for better results.
7. Test and Optimize Your Ad Campaigns - Continuously test different ad creatives, targeting options, and bidding strategies to identify the most effective combinations for driving traffic and conversions.
- Use A/B testing or multivariate testing to compare different ad elements and make data-driven decisions for campaign optimization.
8. Scale Your Campaigns for Greater Success - Once you've identified high-performing ad campaigns and optimized your strategies, consider scaling your campaigns by increasing your budget or expanding your targeting to reach a larger audience.
- Monitor the performance of your scaled campaigns closely to ensure that they continue to generate traffic and contribute positively to your passive income goals.
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2023.04.01 21:34 leveragedflyout Clarifying DTS Situation (Playbar, LG CX, Panny UB820)
I've got UHD disc media (e.g., Harry Potter, The Dark Knight) of which the primary audio track is DTS.
When playing this media on the Panny UB820 (set to convert DTS to PCM), the Playbar still shows "Stereo PCM" on the S2 app, and "Stereo PCM 2.0" on the About My System text. The LG CX is set for Passthrough.
Presuming that even if the Panny and Playbar support DTS, the LG CX in the equation is what's causing the Playbar to still only play in 2.0.
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2023.04.01 21:17 jeannetru Beer powered motorcycle
2023.04.01 21:09 Jokerella Buyer opened PayPal case against me after I already informed them on the fact that I opened a lost package claim?
As the title says. I am in Germany and shipped to another German buyer.
I shipped with tracked shipping on March 17th. On March 27th I noticed that the status of the package had not changed since the 17th.
On the same day, I asked her about the package to confirm that it hadn’t been delivered. The buyer clarified that it indeed hadn’t been delivered to her. I opened a lost package claim with the German post (DHL) and let her know immediately that I had done so and that, per the DHL, the search would take up to 3 weeks.
I let her know that I would refund her when they confirmed to me that it was lost (which would be in the 3 week span of the search) and that if it was found, the DHL would send it to her. She replied positively and I assured her that she could ask me any other questions she had and that I’d update her.
Yesterday night she filed a lost package claim on PayPal. I saw this today and added all the information I had, explained the situation in detail and added a pdf of an e-mail confirmation of my filed lost package claim and screenshots of our conversation.
I’m just annoyed. Is there anything else I can do? I’ve been a seller for 3 years and this is my first experience with a PayPal claim.
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2023.04.01 21:06 NeatGate New Song: BLUE. take a look
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2023.04.01 21:05 NeatGate New Song: BLUE. take a look.
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2023.04.01 21:03 Mr_Cocksworth Expanding Internaionally - What have I not considered?
I have a product, and an ad, that seems to work anywhere around the world. The price point is perhaps mid range though so we lose low cost countries like India that love to look at it but can't afford it.
I am curious what is wrong with my strategy below, and what needs to be added to successful:
1) I translated our FB video ad to voiceover in local languages.. i.e. Italian, French, German, Spanish,Korean, Japanese (not sure if I should mess with Dutch, Swedish, smaller languages etc..)
2) My Shopify store is set up geopolitically so that ideally the page translates into their local language. I do run it all from my .com so it is not separated by their country extension.
3) I plan to run $50 - $100 FB tests to see conversions and CTR. Possibly splitting between English and local language in those regions to see which performs better.
4) I increased the price of my product from $70 to $80 in those areas and charge $10 in shipping to offset the int'l shipping cost of $25.
What else am I not considering? Any other apps or plugins that are useful besides language geopolitical tracking? Anything to consider when running these FB ads that would be different from the US ones I set up?
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2023.04.01 21:01 embarrassedafidk finally made a throwaway. i don't even know where to begin.
Hi guys. So I've been a lurker on this subreddit for years trying to find answers and deal with and understand what's been happening in my life, and it's difficult to put together everything in one post, but since I finally made a throwaway I'll try to sum everything up here as much as I can.
Objectively, I (F24) have been raised by two wonderful parents and have been extremely privileged. I currently live with them in a beautiful family home in a upper-middle-class neighborhood, never had to worry about my next meal, and had my college/rent completely paid for (as well as will receive help for grad school, which I will begin at the end of the year). I do work, but save my money, and almost anything I need is paid for by my parents, including clothes, trips, medical treatment, and even gifts for my friends/family "from me." I virtually have everything done for me, from cleaning to cooking to driving me to places. Although I did not demand all of these things, I gladly took them when given to me (many of which are not offered; for example, my mother would just buy clothes without asking if I liked them and give them to me).
All of this said, however, my parents are extremely overprotective. As a kid and teenager, I had to get their permission to go places and missed out on a lot of opportunities to make/bond with friends, which I guess may be normal because I was a minor. But several years later, I still find myself having to tell them every place I go and get permission from them, and I have no friends or a partner nor desire to get them because of being afraid to tell my parents about it. They rarely ever approve of my friends or partners, often due to superficial reasons like their body weight, race, or even how their last name sounds. My mom calls me several times a day (similar to her overtly narcissist mother who calls at least 5 times a day and puts all her responsibility on her), and while I allow her to track my location for safety reasons, I see her regularly staring at my sibling's location on her phone and seeing the dot moving around. When I was taking a trip and going to a hookup's place, it was like 3am where she was, and she still texted me asking where I was because she was just...tracking my location. She then implanted fears into my head like this guy was going to talk crap about me, hurt me in other ways, etc. I also mistakenly told my father his first and last name, and both he and my mother then proceeded to look him up on Google and text each other information about him - I came across this when looking through my mother's texts because I sensed they were doing this. I know going through her phone was wrong, but she has also gone through my phone in the past (and found out about my relationship with a girl when I wasn't even out of the closet, which was traumatizing) and pressured me to go through my sibling's phone multiple times when they were trying to meet with friends and explore their own sexuality. She and my father also talked to me about condoms recently because I'm about to see the hookup again, as if I'm not 24 years old. Sex was never talked about in my household so it's always uncomfortable.
With all of this, I reflected back throughout the past few years, and inquired into why my therapist keeps pushing me to move out ASAP despite moving out for grad school in a few months. Even my ex has also expressed concern; once my mother was cooking for us and she asked "do you want onions" while putting in the onions, even though he was saying over and over he didn't want them. Similarly, she insists I eat "things with things,": "you have to eat a cucumber with that," "you need the sour cream with this," etc., and when I say no, she does berserk and either puts things in my food herself or yells. I tell her not to take out my trash in my room because she doesn't just take the trash bag...she individually takes pieces of trash out...but she says no because she wants to "save the trash bag." I tell her she can't go through my closet or drawers or phone (where she has found deeply private stuff) and she denies she's done it. I tell her how traumatized I was when I tried edibles and she, instead of yelling at me when I was sober, completely abandoned me after telling me I was going to overdose and die while I was already having anxiety and experiencing heart palpitations. Generally, my mother has no concept of "no means no" or boundaries, and she neither takes accountability for her actions nor remembers anything overtly terrible she has done. My father also has the same issue - when I told him I was sexually assaulted, his response was asking over and over "were you raped" instead of asking me if I was okay, and of course he forgot I was assaulted pretty shortly after I had the guts to tell him. Both parents also have the same reactions whenever I tell them I'm hurt, ranging from "oh you think I'm a BAD parent" to "ok, you're completely on your own because you want 'boundaries' now" to "you're ungrateful."
Over the past year, I've been gradually trying to gain independence, and it's been like slowly ripping off a band-aid. Even being able to have my door closed, and teaching the concept of knocking on the door, was a struggle and is ongoing. I am slowly trying to go out places with friends, but she keeps implanting fears in my head (e.g., "there are shootings at concerts," "the weather is bad, there are people who die in floods) and convincing me over and over not to go anywhere when I keep telling her I'm fine and I don't want to hear it anymore. I don't know what's going to happen when I go to grad school, because even when I was in college relatively far my mom/parents were visiting almost every weekend, tracking my location all the time, calling me all the time, etc., and never taking my feedback. I'm scared to drive, I'm scared to explore myself sexually, I'm scared to leave my phone out of sight or leave my room, and especially leave my room with my mother nearby or in it. I'm scared to make friends or go out with friends, or for them to pick me up and see my parents standing outside or lurking outside the window.
Given everything, am I whining? Am I ungrateful, or finding reasons to be upset? Otherwise flawed in my thinking? How much of this is my fault, or others? I want to be accountable for by behavior, but also want to know when I am not in the wrong. What are you guys' thoughts on all this? This is a lot, so if you got to this point, thank you for reading...
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2023.04.01 20:38 Hugo_two Is this something that would be sent to me after ordering from pandabuy? It's asking for my personal info and I don't want to give it if it's not legit
2023.04.01 20:36 Bright-Weight-5992 how to access your partner social medial account
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2023.04.01 20:30 lowiroisabully everything hurts
2023.04.01 20:27 T-RektEm Hello again friends. Dropped another E.P. Lemme know what you think! Posted a clip with SoundCloud link if you want to listen to the full song + an additional orchestral track
2023.04.01 20:17 Bright-Weight-5992 how to access your girlfriend social medial account
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he hacks accounts on any social media platforms you can ever imagine - instagram, facebook, Twitter, tinder, snapchat e.t.c. His many Services include: Social Media Hack (Whatsapp,Snapchat,Instagram,Twitter, Facebook/Messenger,Viber e.t.c), GPS Location Tracking, Incoming calls Restriction, Intercepting and Retrieving Instant Messages, Grade Hacking, Credit Score Increase, USSD Control Commands,Whatsapp Spy, Viber Spy, Facebook/Messenger Spy, Skype Spy, Hacking into Databases of all kinds, Calender Monitoring, Internet Usage Monitoring, Remotely Accessing SMS, Game Hacking and Cracking, Key Logging, Remote Email Spying, and more. What got me most was he offer of a total Refund of any displeasing services but I didn't have to use that Choice.
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Bright-Weight-5992 to
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2023.04.01 20:16 Bright-Weight-5992 how to access your boyfriend social media account
Hi there , are you in need of a highly skilled and experienced system hacker? he helped me retrieve my deleted files, text messages and call logs. he can as well control devices remotely and lots more. What got me most was he offer of a total refund within 24 hours of any unsatisfactory services but I didn't have to use that option because he got the job done! She is very affordable and charges way less,
Contact him
Email: timarrendale27 AT GMAIL DOT COM
Text: +1 (405) 454-7396
he hacks accounts on any social media platforms you can ever imagine - instagram, facebook, Twitter, tinder, snapchat e.t.c. His many Services include: Social Media Hack (Whatsapp,Snapchat,Instagram,Twitter, Facebook/Messenger,Viber e.t.c), GPS Location Tracking, Incoming calls Restriction, Intercepting and Retrieving Instant Messages, Grade Hacking, Credit Score Increase, USSD Control Commands,Whatsapp Spy, Viber Spy, Facebook/Messenger Spy, Skype Spy, Hacking into Databases of all kinds, Calender Monitoring, Internet Usage Monitoring, Remotely Accessing SMS, Game Hacking and Cracking, Key Logging, Remote Email Spying, and more. What got me most was he offer of a total Refund of any displeasing services but I didn't have to use that Choice.
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Bright-Weight-5992 to
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2023.04.01 20:15 Bright-Weight-5992 how to access your husband social media account
Hi there , are you in need of a highly skilled and experienced system hacker? he helped me retrieve my deleted files, text messages and call logs. he can as well control devices remotely and lots more. What got me most was he offer of a total refund within 24 hours of any unsatisfactory services but I didn't have to use that option because he got the job done! She is very affordable and charges way less,
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Email: timarrendale27 AT GMAIL DOT COM
Text: +1 (405) 454-7396
he hacks accounts on any social media platforms you can ever imagine - instagram, facebook, Twitter, tinder, snapchat e.t.c. His many Services include: Social Media Hack (Whatsapp,Snapchat,Instagram,Twitter, Facebook/Messenger,Viber e.t.c), GPS Location Tracking, Incoming calls Restriction, Intercepting and Retrieving Instant Messages, Grade Hacking, Credit Score Increase, USSD Control Commands,Whatsapp Spy, Viber Spy, Facebook/Messenger Spy, Skype Spy, Hacking into Databases of all kinds, Calender Monitoring, Internet Usage Monitoring, Remotely Accessing SMS, Game Hacking and Cracking, Key Logging, Remote Email Spying, and more. What got me most was he offer of a total Refund of any displeasing services but I didn't have to use that Choice.
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Bright-Weight-5992 to
u/Bright-Weight-5992 [link] [comments]
2023.04.01 20:15 Bright-Weight-5992 how to access your wife social media account
Hi there , are you in need of a highly skilled and experienced system hacker? he helped me retrieve my deleted files, text messages and call logs. he can as well control devices remotely and lots more. What got me most was he offer of a total refund within 24 hours of any unsatisfactory services but I didn't have to use that option because he got the job done! She is very affordable and charges way less,
Contact him
Email: timarrendale27 AT GMAIL DOT COM
Text: +1 (405) 454-7396
he hacks accounts on any social media platforms you can ever imagine - instagram, facebook, Twitter, tinder, snapchat e.t.c. His many Services include: Social Media Hack (Whatsapp,Snapchat,Instagram,Twitter, Facebook/Messenger,Viber e.t.c), GPS Location Tracking, Incoming calls Restriction, Intercepting and Retrieving Instant Messages, Grade Hacking, Credit Score Increase, USSD Control Commands,Whatsapp Spy, Viber Spy, Facebook/Messenger Spy, Skype Spy, Hacking into Databases of all kinds, Calender Monitoring, Internet Usage Monitoring, Remotely Accessing SMS, Game Hacking and Cracking, Key Logging, Remote Email Spying, and more. What got me most was he offer of a total Refund of any displeasing services but I didn't have to use that Choice.
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Bright-Weight-5992 to
u/Bright-Weight-5992 [link] [comments]
2023.04.01 20:13 Bright-Weight-5992 Snapchat hacker needed
Hi there , are you in need of a highly skilled and experienced system hacker? he helped me retrieve my deleted files, text messages and call logs. he can as well control devices remotely and lots more. What got me most was he offer of a total refund within 24 hours of any unsatisfactory services but I didn't have to use that option because he got the job done! She is very affordable and charges way less,
Contact him
Email: timarrendale27 AT GMAIL DOT COM
Text: +1 (405) 454-7396
he hacks accounts on any social media platforms you can ever imagine - instagram, facebook, Twitter, tinder, snapchat e.t.c. His many Services include: Social Media Hack (Whatsapp,Snapchat,Instagram,Twitter, Facebook/Messenger,Viber e.t.c), GPS Location Tracking, Incoming calls Restriction, Intercepting and Retrieving Instant Messages, Grade Hacking, Credit Score Increase, USSD Control Commands,Whatsapp Spy, Viber Spy, Facebook/Messenger Spy, Skype Spy, Hacking into Databases of all kinds, Calender Monitoring, Internet Usage Monitoring, Remotely Accessing SMS, Game Hacking and Cracking, Key Logging, Remote Email Spying, and more. What got me most was he offer of a total Refund of any displeasing services but I didn't have to use that Choice.
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Bright-Weight-5992 to
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2023.04.01 20:13 Bright-Weight-5992 how to recover lost bitcoin wallet
Hi there , are you in need of a highly skilled and experienced system hacker? he helped me retrieve my deleted files, text messages and call logs. he can as well control devices remotely and lots more. What got me most was he offer of a total refund within 24 hours of any unsatisfactory services but I didn't have to use that option because he got the job done! She is very affordable and charges way less,
Contact him
Email: timarrendale27 AT GMAIL DOT COM
Text: +1 (405) 454-7396
he hacks accounts on any social media platforms you can ever imagine - instagram, facebook, Twitter, tinder, snapchat e.t.c. His many Services include: Social Media Hack (Whatsapp,Snapchat,Instagram,Twitter, Facebook/Messenger,Viber e.t.c), GPS Location Tracking, Incoming calls Restriction, Intercepting and Retrieving Instant Messages, Grade Hacking, Credit Score Increase, USSD Control Commands,Whatsapp Spy, Viber Spy, Facebook/Messenger Spy, Skype Spy, Hacking into Databases of all kinds, Calender Monitoring, Internet Usage Monitoring, Remotely Accessing SMS, Game Hacking and Cracking, Key Logging, Remote Email Spying, and more. What got me most was he offer of a total Refund of any displeasing services but I didn't have to use that Choice.
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Bright-Weight-5992 to
u/Bright-Weight-5992 [link] [comments]