You might be wondering: What does Path to Passivity (the cryptic title of this newsletter) even mean?
It means I’m going to document my journey towards earning a passive income. Recently I’ve been binging this fantastic podcast called Side Hustle School, and I’ve been (re)inspired by the daily stories of how people earn extra money without quitting their job.
I want to try that too. But I know that I have problems staying focused and committed. So my idea is to write this newsletter every week and hold myself accountable to you, the reader. If I’ve slipped or gone quiet, I’m counting on you to nudge me back on track!
There are benefits to the reader as well. I personally love hearing stories about how businesses achieve their earliest breakthroughs. I also love hearing about the failures. Even if a hustle fails there’s a lot of value just hearing about the journey. This will be my attempt to document the journey, which I hope you’ll find enjoyable.
Luckily, I’m not starting from scratch. I already have a business idea that’s been forming for quite some time (at least a couple years). Hence, this is not a pilot (episode).
In a nutshell, my (current) business idea is to build a knowledge base for waste and sustainability. Think of wikipedia but for waste. It will be a free product that creates revenue from serving ads to the traffic it draws. I will elaborate on the idea in the next newsletter about the opportunity, the value prop, and the strategy. Stay tuned!
In the spirit of declaring a goal that will force me to act, my goal is to have my website/product bring in $100/month of revenue passively by the end of 2020.
Let’s do this!