Passive Income

October is over and the ebiz stores had a decent month.  Just a tad under 150 orders, about 5 orders a day.  I was wondering if this is still considered passive income.  I read an old real estate post on a different blog today about passive income and thought it was funny.  I think that landlording is much more work, but people call it passive.

Do you consider running an online store passive?

I would answer no and yes.  I had to answer phone calls and do a few more hours of work during the month of October, but in general if you had a business that required really no more than 1 hour a day of work, wouldn’t it still be passive?

I may have worked about 40 hours in my stores last month, but that amount of work generated thousands of dollars.

Do you consider landlording a few single family homes passive income?

When I need to find a new tenant or evict a tenant, it definitely takes up more than a few hours in time.  In this market landlording is generating barely any money.  It could actually be losing money.  But in general I am finding that running an ebiz is alot less work than landlording.

I think what I’m learning is that the only real passive income is interest from the bank.

About Kenric

My blog about living life to the fullest by generating passive income through real estate, business and online investments.
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