The Resurrection Of An Old Passive Income Stream

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4 Dec 2024

An Old Passion
Building passive income streams is not a new fascination for me. I began experimenting with passive income streams in 2008. One of these endeavors was a platform called Clixsense, now, ySense. It started as a PTC and survey site. Today, ySense is exclusively a survey provider and provides an extensive array of surveys across many survey providers.
In 2015 I decided to hit ySense hard, regarding building a passive income stream. As a result, I amassed a few hundred referrals and enjoyed an entirely passive form of income. However, anyone in the referral game can attest to the primary challenge being user retention. It’s not that difficult to acquire a decent referral base. However, maintaining an “active” referral base is another story.
As mentioned, the user retention ratio is often between 50% and 70% for the first few months. As time passes, an established referral-based income model will drop rather significantly. However, it will often stabilize and plateau between 10% and 20%. This is a realistic expectation and should be considered with any referral-based income models.
A Pleasant Surprise
I have not actively promoted ySense in almost a decade. However, I found myself thinking about the platform last night. Upon reviewing it this morning, I was surprised to find $16 in referral commissions. On closer examination, I noted that referral earnings have been fairly consistent over the past several months. I think this is a testimony to how passive income is achieved. It takes place without your input or even awareness.
Some may argue that $16 isn’t much and in the grand scheme of things they would be correct. However, this school of thought robs the average individual from achieving any level of passive income. Entrepreneurs who build and develop passive income streams seldom utilize a single venture or endeavor. Anyone firmly established in passive and referral-based income models will reveal a shocking truth.

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Effective passive income models are usually comprised of hundreds of opportunities. Yes, it’s not a typo… hundreds. It can be 30 to 50, depending on the model and its inherent “natural” ceiling. Once you have 100 or more passive income streams yielding between $5 to $30 each per month, you have achieved a decent passive form of supplementary income. Relative to human expenditure, the relativity ratio will outmatch many salaried endeavors.
I have noted that the majority of my readers think too small. It’s often a case of deciding which opportunity to utilize when it should be:

How do I maximize and leverage every opportunity within my reach?

You are wasting your time until you begin to think this way. This is how individuals with limited resources achieve passive income. Wealthy individuals can allocate copious amounts of capital to a handful of opportunities and enjoy a sizeable passive income stream. This is not the path of the average person wanting to develop a form of passive income.

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Final Thoughts
Building a viable form of passive income is an extensive endeavor. Thinking you can focus on two or three ideas might be naive. I would suggest revisiting your strategy. I usually focus a fair amount of time on a single idea. Once it achieves stability, I look for and focus on the next one. I will, however, provide a level of maintenance by continued promotion. Passive income is king! See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.