The company Linkom-PC was in attendance for the seminar Passive Income – the first ever such seminar in Serbia – hosted by Milos Petrovic, one of the more influential online business advisors in the country.
Milos Petrovic, Agency MWeb, has had success with multiple different websites which gained quite a following in their day – so he was up to the task to share some of that knowledge with others interested enough to attend the event.
What Linkom-PC has learned during this presentation will share in very tiny fragments, which hopefully will be useful for anyone reading this.
Passive income symbolizes online income – the best way with minimal effort to earn a decent amount of money, which is mostly possible in an online world, compared to the real world.
There are ways to earn cash with minimal daily or weekly income, that results in a solid income monthly.
If anything, you can, by attaching your company’s income receiving methods online, have guaranteed income, even if it’s a small amount at first, which could grow later. But even a small amount of guaranteed income is still guaranteed income, which is a major deal in today’s world, where you can have long periods of waiting for cash to come to you.
Passive income is not advised, especially if you’re just starting out hoping to get all your income through online business only, unless you have either multiple online possible sources of guaranteed income, or if you have a job in real life.
Milos Petrovic, MWeb, lecturer and Mihailo Ilic, Linkom-PC, Passive Income seminar, Belgrade, February 3, 2024
Combining multiple passive income related online jobs is a nice idea, because then you have multiple sources of guaranteed income, which will eventually bring you more than a decent amount of money which will probably satisfy you.
The best method at this moment is to create a Google Adsense account. This is where you connect all your online sources of income and attach them to this account. Every successful thing you do with your online websites or whatever you’re using in hopes to get income, all of it will land in your Google Adsense account. That’s where all your cash will flow.
There you can also check for your stats in regards to your sources of income and you can also experiment with the amount of ads you want to put on your source of income. If you see your weekly or monthly income dropping compared to before, maybe it’s better to return to the same methods you’ve used prior to changing them. Or, if you see your weekly or monthly income increasing, you could either keep it that way or test some more by increasing the number of ads on your source of income. Keep in mind that too many ads can be distracting for the people visiting your source of income (website, blog etc.).
As for income on social media – it is mostly not advised. Of course, you can still try, especially by using all of your different possible social media accounts – any income, even minimal income, especially if used in different sources of income, is welcome – when it lines up, it adds up to a pretty solid amount overall. But if you’re mainly trying to get income from social media accounts or pages and nowhere else – you probably won’t be so successful. In order to do that and make a living just off of that, you have to be extremely lucky. Even the most successful social media “stars” do not earn enough from just their social media accounts or pages, they usually have to do other stuff like appear in commercials, do YouTube videos and similar stuff.
Passive Income seminar, Belgrade, February 3, 2024 – photo by Milos Petrovic, MWeb
Speaking of YouTube – that’s a good way of getting online income.
Of course, here, you also have to have luck mostly and also – you have to carefully follow the YouTube guidelines in order to earn your income safely.
But when you manage to get into a position to earn a decent amount – YouTube is certainly one of the better ways to have passive online income.
To conclude – passive income is a good backup option for a job, an addition to your regular job and can add overall income for you which might be valuable for you. And compared to your regular job, it requires minimal effort.
So if you’re considering doing an online business, try to find one that’s passive income related, because it truly is possible to earn cash with minimal effort.
Mihailo Ilic