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How To Make Passive Income

A few weeks ago I mentioned that, while I was waiting for the westernized eCommerce stores to be better stocked, I had investigated a couple of programs looking for ways to make passive income.

Some readers were interested enough at the time to ask me to share my results, so now seems as good a time as any.

How To Make Passive Income

While I am a firm believer in “The harder I work, the luckier I get”, I’ve had a few frustrations lately, waiting for the UK / USA ecommerce stores to be ready. So I was looking for a little distraction.

As so many people seemed to be posting on Facebook about their sources of passive income, I decided to diversify until the stores are ready and see if I too could generate that elusive passive income online.

To do this I had a little gamble with this way to earn passive income:

  • The Billion Coin (TBC)

The Standard Disclaimers Apply

  • NEVER, NEVER, NEVER invest money you cannot afford to lose. Start very small. Don’t use money that’s earmarked for food, rent, car payments, family etc. That would be just dumb. I treat this kind of business as a gamble and only invested money I could lose without blinking.

The Billion Coin – Results

My attempt to earn passive income was with The Billion Coin (TBC). To be honest I probably wouldn’t have gone for this if I wasn’t being helped by fellow Power Affiliate Club members William O’Toole and Monna Ellithorpe who look after a very helpful Facebook group.

Being a newbie to cryptocurrencies, I won’t try to explain TBC. Instead I will just refer you to an article by William O’Toole on the PAC blog: The Billion Coin Revisited.

In April 2017 I used EU40 to buy some Billion Coin and then forgot about it. Yesterday (late July 2017) Monna suggested I check the value of it and I was amazed and delighted to discover that it had turned into EU515! While this isn’t enough to use TBC to purchase a car (as William already has done), it’s spectacular growth.

At the time of writing, according to this TBC calculator, 1 TBC is worth USD 125,716, and TBCs will only ever rise in value. So in case you worry that you “missed the boat” on TBC and they’re already too expensive to buy, TBCs have much smaller units called Kringles. (In the same way that dollars can be broken down into cents, but with a different multiplier.)

Free KringlesFor a while I can give away some free Kringles so that you can get a toe in the door and see how this pans out. No obligation to do anything other than watch to see what happens, by subscribing to their blog. Click here for free Kringles. (The Father Christmas is a little irritating – especially in July / August, but hey – it’s free, so roll with it.)

At the time of writing your free gift is worth about $34.

You will see references to “option 3 and paying $10”, but that’s for people who want to be active members, and who have decent amounts of the currency. I’m staying as a passive member to let my currency grow. If you want to do anything beyond that, please contact Monna or William for advice, and tell them Joy Healey sent you.

Spending TBC and BTC

While I understand the theory behind these cryptocurrencies, my reservation has always been “So, what use are they if you can’t spend them?”

Many in the “make money online” marketplace will have seen BitCoin being used as a payment method in various programs. So it’s gaining acceptance in some circles. I am talking here about BitCoin instead of TBC because BitCoin has at least been heard of by many people!

However, a chat with my “real-life” friends revealed the offline impression that they’re “a scam coin that drug-dealers use”! Oops. Obviously we have a way to go before there’s acceptance in the real world LOL

However William has bought a car with his TBC, and he’s currently setting up a shop where you can make purchases. At the moment it’s a “Work-in-Progress”, but here’s what he has so far. Click here to spend TBC.

So I’m considering my own experiments into how to make passive income a success:-)

Nevertheless, “working” is more to my taste, and the main thrust of my online business is still eCommerce, so…..

eCommerce Stores Update

  • Premier Cashback – as mentioned in the previous post there is now an excellent online store. For example you can buy Salustra here. From September 2017 more retail profit is available up front, plus cashback later. The “passive income” aspect of this program has been de-emphasised, in favor of active members, so this is a very credible program to promote to complementary therapists, buy your own product on subscription or just to recommend to your own customers and earn instant cash.
  • Global Shopping Rewards when you shop share and get paid – The UK / USA affiliate stores are now being stocked with products that are available direct from the UK and USA, together with enhancements to the compensation plan. The soft-launch of this business happened in mid-August 2017. It’s open to free customer and paid Brand Ambassadors, your choice. While it can’t be classified as a passive income if you run it as a business, free VIP customers can enjoy cashback rewards making online purchases they would have made anyway. You can learn more about Global Shopping Rewards here.
Please share
Joy
 

I left it too late to plan for a financially secure retirement. Don’t make my mistake. Start building an extra income with a part-time (or full-time) business online.

Think you don’t have time? Can’t afford the start-up cost? Can’t meet sales targets? The businesses I promote overcome all the problems you may have had with Internet Marketing before. Contact me for free advice (no obligation) on the best fit for your circumstances.

Click Here to Leave a Comment Below 28 comments
Shantanu Sinha - July 31, 2017

Hello Joy,

Great information here 🙂

Passive income has always been an issue to worry about. Investments is a hard gamble, we should plan and always start with
small amount so, that if the plan fails we do not get to face heavy loss.

TBC coins, I read couple of days back on Monna’s blog. Something very new and rare for me to learn and now from your side
too. I am doing my researches for understanding this new concept more and more.

Thanks for the share.

Shantanu.

Reply
    Joy - July 31, 2017

    Hi Shantanu,

    Hopefully I’ve made it clear enough in the article that these can be a bit of a gamble. There have been occasions when I tried some “scheme” it DIDN’T work. Those I didn’t write about – not to hide my failure, but because I only want to promote things that have worked for me.

    Absolutely – never invest more than you could lose and just shrug your shoulders and say “oops”.

    I was familiar with BTC but not TBC! Always something new to learn and so far they’re looking promising, and interesting.

    Joy – Blogging After Dark

    Reply
Chery Schmidt - August 1, 2017

Hey Joy! Thank you so much for sharing your experience with us! I also took a leap of faith with a friend of mine but unlike yourself, I lost money! GRRRR It may take me some time to think abut investing again//

Great Share!
Thanks Again.
Chery :))

Reply
    Joy - August 2, 2017

    Hi Chery,

    So sorry to hear that your leap of faith lost you money. That’s exactly why we have to keep our test purchases very small.

    I was lucky choosing The Entrepreneurs Headquarters and that’s all there is to it. I can’t claim any skill in choosing it. Things could just as easily have gone the other way. I put another amount of money into a different cryptocurrency that was supposed to make me a fortune and watched it fall to 20% of its value. All I can say is that I hope the people who put in 4-figure sums got out before it fell. That one came recommended by a friend too, but with hindsight there were certain signs I should have recognised. Happily what I have earned from The Entrepreneurs Headquarters more than covered the loss from the other currency.

    Really sorry you lost money Chery, because I know that, like me, you believe in working for your income and any passive income would just be a bonus. It’s good you have shared your experience as a warning to anyone else to be extremely cautious.

    Joy – Blogging After Dark

    Reply
Monna Ellithorpe - August 1, 2017

Hi Joy,

You’ve shared some great information in your post. No, I wasn’t going to mention the name but that was your choice. LOL

There is just so much out there. I found your blog very interesting. Most of them, I’d never heard about before, with the exception of TBC (LOL).

It looks like TEH is working very well as passive income for you. Keep us updated on that.

Have a great new week.

Reply
    Joy - August 2, 2017

    Hi Monna,

    Haha, I’m glad you advised me to check first. It’s sad (but a reflection of the online business world) that we tend to assume a passive income option HASN’T worked, whereas in the case of TBC, I’d had a really good result. I know you and William are working really hard behind the scenes to make TBC a real success. Sorry I’m a passive member, but perhaps the occasional post like this is my contribution to getting TBC better known.

    As for TEH (The Entrepreneurs Headquarters) I am really delighted with these results. However, I’m determined not to be greedy and fling in a load of money. I am well in profit and keeping it that way!

    Joy – Blogging After Dark

    Reply
Donna Merrill - August 1, 2017

Hi Joy,

I am so happy for you that your passive income is working. You don’t have to do anything much and that is “real” passive income.

I like your tip of never invest more than you can afford. Passive income is such a wonderful thing to have on the back burners. I think we all need to create something that does it for us.

-Donna

Reply
    Joy - August 2, 2017

    Hi Donna,

    Because making a passive income has a bit of a bad reputation I always urge caution. In general I expect to work for any income, but being in a bit of a lull for a few weeks I wanted to try out these couple of programs.

    Yes, back burner business is another good way to describe it. It only takes me a few minutes each week to check how it’s gone and re-enter my profits or – soon – withdraw profits. Compared to the work of my real business, this is a bit of fun, but obviously only while it’s at the level that I couldn’t lose more than, say, the cost of an evening out or a takeaway meal.

    Joy – Blogging After Dark

    Reply
Sonal Talwar - August 2, 2017

Hi Joy

Very informative post! after all everyone wants passive income. I agree with what you said that at the end it is a big gamble.

Thanks for sharing!

Reply
    Joy - August 2, 2017

    Hi Sonal,

    Exactly! Passive income can be very much a gamble and although I have picked a good program with The Entrepreneur’s Headquarters there have been times when I got it wrong. It’s all about managing risk and being able to walk away without pain if it doesn’t pan out.

    Joy – Blogging After Dark

    Reply
Sharon T McLaughlin MD FACS - August 2, 2017

Thanks for sharing this information and being so honest. The information has been helpful.

Reply
    Joy - August 2, 2017

    Hi Sharon,

    More than anything I hate hype about programs and especially about passive income programs. So many are scams (sadly) so it was a pleasure to be able to give an honest account about passive income from The Entrepreneurs Headquarters where I can provide proof of earnings!

    Joy – Blogging After Dark

    Reply
Elise Cohen Ho - August 3, 2017

I have been asked to get involved in so many different bitcoins and other things. Many are scams and it is hard to know which is good.

Reply
    Joy - August 7, 2017

    Hi Elise,
    Certainly there are some that are obvious scams and I usually take advice from people more experienced than I am at spotting the scams, just to be sure. But my golden rule, if something still looks good, is never to risk more than I can afford to lose.
    Joy Healey – Blogging After Dark

    Reply
Edward Thorpe - August 3, 2017

Hi Joy,

It’s small wonder you have trouble sleeping – you’re too busy!

Interesting post about earning passive income (oxymoron, anyone?). Naturally, I’d not heard of the ones you reviewed. But, thanks for another candid review of your strolls among the wild side…
Edward

Reply
    Joy - August 3, 2017

    Hi Edward,

    LOL about the oxymoron 🙂

    Well, my passive income strolls keep me entertained while waiting for the UK shop to be ready. Not long now.

    Joy

    Reply
DeAnna Troupe - August 5, 2017

I love finding out new ways to make passive income. Thanks for sharing.

Reply
    Joy - August 7, 2017

    Hi DeAnna,
    Glad you found them interesting and hope you’ll give one or both of them a try to add to those you are already using.
    Joy Healey – Blogging After Dark

    Reply
Janice Wald - August 5, 2017

Hi Joy,
You seem to have a great understanding of this. I just read about a blogger looking to make money by investing, so I know there’s interest. Impressive.
Janice

Reply
    Joy - August 7, 2017

    Thanks Janice,
    It was just a bit of fun while I waited for the soft-launch of my main business. But it’s been a nice way to make a profit for those interested.
    Joy Healey – Blogging After Dark

    Reply
Dr. Erica Goodstone - August 7, 2017

Hi Joy,

I am so glad your venture into these different passive income streams is working out for you. It reminds me of my latest venture at the slot machines. My friend is a member of the local Rotary club and they had a special from a local casino – $150 credit for dinner and $100 to gamble with – for new members of the casino. My friend showed me her system of playing until you make some money, then cashing out, and starting over. Both of us had started out the evening with zero cash and we left with about $35 each – plus we had a fantastic meal that we shared for $150. When I was in Las Vegas, I tried this system again and was doing okay, but I think by the end I just about broke even. Hopefully the system you are working with continues to compound and bring you real steady passive income.

Dr. Erica

Reply
    Joy - August 8, 2017

    Hi Dr Erica,

    I like the sound of your friend’s system – it’s certainly wise to take profits as soon as possible or people can get into terrible trouble.

    Sounds a great evening out – I know the Rotary Clubs do a lot of good work and still have fun.

    Joy Healey – Blogging After Dark

    Reply
Lesly Federici - August 7, 2017

Hi Joy,
So glad you’ve had success with it. You’ve shared some great content and you’re in good hands with William and Monna.Wish you lots of success with it !

Reply
    Joy - August 7, 2017

    Hi Lesly

    I’m delighted with the results of both.

    Monna and William are looking after me well – as you will know 🙂

    Joy Healey – Blogging After Dark

    Reply
Nishant - August 9, 2017

Hello, Joy. Happy to hear that you got almost 10x growth in your investment with TBC. To date I have not tried anything with bitcoins/ cryptocurrencies.

Its always good to have a diversified stream of income coming in. It will be a good opportunity for management students to whet their skill sets before they hit the market.

Joy, I think you got an in depth knowledge in this kind on online business models. I haven’t tried any of these. Hope this is how we will learn more options to make passive income. I am interested (may be its because you shared your earnings), need to try it.

Reply
    Joy - August 10, 2017

    Hi Nishant,

    Pleased you found it interesting.

    I think it’s useful to have multiple streams of income, in case there’s a problem or delay with one.

    Joy Healey – Blogging After Dark

    Reply
Enstine Muki - August 11, 2017

Hey Joy,
Good to be here again. I can see you are rocking. When I read the title of this post, I didn’t know you were going to be talking about what I do these days.

Cryptocurrency is the song everywhere and I just published a report about how to take advantage of ICOs (my latest post is just about how an ICO investment of $500 got me $4000 in profit after 30 days)

I have 2 TBCs at the moment and intend to still be keeping them. Looks like we are going to really have something worth celebrating out of it 😉

Keep rocking Joy as the weekend kicks in

Reply
    Joy - August 12, 2017

    Hi Enstine,

    Great to see you back here and

    To be honest cryptocurrency isn’t really something I have looked into in depth. In April I had a lull before my UK ecommerce shop launched (earlier this week).

    So pleased everything is going well for you and you’re making such great profits. Well done.

    Joy Healey – Blogging After Dark

    Reply

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