Most people wanting to make money online easily make a bit of short term money using any one of the many well known and promoted methods out there. The problem is nearly all these methods for making fast money online require you to work and keep working to make the money and the moment you stop work, the income stops.

The skill of creating a long term passive income stream well after your work stops should always be your goal in setting up online businesses. To create long term passive incomes takes a lot more initial work then quick cash, however the rewards are at the tail end when the income continues to roll in for many years after you created it.

To create passive income you need to be able to resist the need for quick easy money now and immediate gratification. Building online business that makes money on autopilot is a bit like creating a slow moving snowball.

The income starts out very slow and small, but over time as you continually add more promotional material and income streams, and as you network with other websites and find more efficient strategies the income begins to grow and grow.

As you become more and more skilled the new projects become significantly more profitable then your original efforts. Each time you add a new income source and promotional methods the passive income compounds on top of the money already coming in from previous efforts.

The best internet business operators are fully prepared to delay gratification by promoting products that have low upfront costs to their customer but involve recurring billing through memberships or subscriptions. A good example of how this works is that you may only sell 5 memberships in month 1 at $20 and receive $100, but if you then sell 7 memberships in month 2, you will receive $140 + $100 from recurring billing of first months memberships.

In the example the 2nd years income would be significantly larger then the first due to the compounding effect. Then imagine duplicate this process over and over selling new products or memberships. This is known as compounding income streams and for me this is the key to a very successful online business.

When creating most new online businesses, new-comers jump straight on to Google adWords and use Pay Per Click adWords to generate huge traffic and fast. Google adWords are extremely an effective tool, however, it is also a very expensive method of promotion and the problem is adWords stop the moment you stop paying for them.

The other problem with only using adWords for new and small internet businesses is that the cost can dramatically impact on the profitability, especially for new internet marketers who don’t know how to market using adWords properly. This places your competitors at an extreme advantage over you.

Instead there are numerous free methods of diving huge traffic to your website, they do take some time to set up correctly, however, once they are setup they will drive traffic to your website for a very long time. These methods include article marketing, joint ventures, blogging, linking, book marking and many others.

These promotional methods are termed evergreen marketing. Once they are set up and established, they are just like an evergreen tree, in that they branch out bigger and bigger over time and remain working in some cases forever.

If you use evergreen marketing you must promote products or be in niche markets that have medium to longer term viability. For example, "How to toilet train a toddler" is a market that will remain viable over the long term. However – "Playstation 2" has a limited time frame that the product is viable. In this case a mixture of evergreen and instant marketing is necessary. In the case of marketing a late release Movie or DVD evergreen marketing would be completely useless, as by the time the marketing started to work the product would be almost obsolete.

Here’s To Your Success.