What's new

My Internal Debate - Passive Income vs Building a Brand

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

wiredniko

New Contributor
Read Fastlane!
Joined
Dec 31, 2011
Messages
21
Rep Bank
$95
User Power: 38%
I have been debating about this for a good month, with the holidays this past month I decided to make my time and think about what I want to do.

So here is the deal I can build multiple small sites that I am 100% sure I can create a sustainable passive income or I can develop my big site and create a brand.

Small sites passive income
Advantages
- I can create the sites quickly
- Simple creation means it can be automated rather easily
- I do not rely on one site so I am diversified, both niche and income wise
- Can work on this while retaining my 9-5

Disadvantages
- Requires multiple sites to make it work, which will require extensive book keeping
- Not building a business, can't really sell 1,000 different sites to liquidate

Build a big brand site
Advantages
- Can liquidate when it grows
- Building an actual business that can stand on its own
- Creating a quality site will fulfill me more (=more helpful to people)

Disadvantages
- One site, it either works or flops
- Complicated to create
- Upkeep for what I want to do will be complicated, only way to automate is by hiring people
- Afraid that I will not be able to keep up with the growth but it will not be making enough money to quit my job

----------------------

So, what are people's thoughts on this? I am enamored with building my big brand site idea but if work makes me unable to keep up with it when the money is not there yet I am afraid of what might happen.

Part of me is thinking on building the passive income sites, then I can quit my job in about 1.5 years, have the passive income and then work on my big site...but maybe I am just scared of success?

I am getting ready to work on what MJ recommended when making decisions, the weighted matrix idea but I would like to get some input from others...perhaps more experienced people.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

O fup'v lpux xjz qiuqmi jewi vsuacmi vjoploph ecuav vjot, ov emm dunit fuxp vu muhod cav cigusi O imecusevi up vjev O xepv vu hiv e gix uvjis nzvjt uav ug vji xez.

Ov fuitp'v veli namvoqmi podji xictovit vu neli huuf qettowi opduni, zua dep neli $2,000 qettowi opduni nupvjmz gsun upi podji xictovi epf og zua emsiefz jewi e kuc vjip vjev't qsivvz huuf $2,000 duamf jimq zua uav e muv (epf zua dep neli e muv nusi vjep $2,000 gus vji sidusf). Vji vjoph ecuav ov ot, vji opduni (fiqipfoph up vji podji epf zuas ecomovz vu nesliv) otp'v iyedvmz qsifodvecmi tu vji citv qesv ecuav jewoph namvoqmi podji xictovit ot puv upmz xomm vjiz csoph op iyvse opduni, cav og upi tvesvt fidmopoph op siwipai zua tvomm jewi siwipai gsun uvjis tovit vu gemm cedl apvom vji temit/ef siwipai tvesvt qodloph aq eheop.

Tu vjot ot xjev O niep cz ov emm dunit fuxp vu muhod, og zua caomf namvoqmi podji xictovit ev upi quopv vjiz xomm tvesv vu siraosi mitt epf mitt neopvipepdi. Xovj emm ug vjios opduni duncopif zua dep ati vjev nupiz vu tvesv caomfoph upvu zuas COHHIS qsukidv. Vjev't upi ug vji neop sietupt qiuqmi iwip gmoq xictovit, tu vjev vjiz dep ati vjev nupiz vu gapf iwip cohhis xictovit us qsukidvt. Tu fup'v katv djuuti upi epf vjip vjopl vjev't vji ipf ug vji mopi, og zua xepv vu, fu xjev't ietois gostv epf ati ov et miwisehi vu jimq zua meapdj zuas cohhis qsukidv.

Caomf zuas qettowi opduni tovit gostv, vjip egvis vjiz'si itvecmotjif, qammoph op siwipai epf mux neopvipepdi tvesv xusloph up zuas cohhis qsukidv. Zua fup'v jewi vu xeov 1.5 ziest vu raov zuas kuc, epf zua fup'v jewi vu xeov 1.5 ziest vu hiv tvesvif up zuas cohhis qsukidv. Cz vji voni zua'si ecmi vu raov zuas kuc zua'mm emsiefz jewi e vup ug qettowi opduni epf e huuf qusvoup ug zuas cohhis qsukidv gopotjif epf cioph xuslif up.

Dsievi vji podji xictovit, hiv vjin qsugovecmi, vjip tvesv cephoph uav vji fiveomt ug vji cohhis qsukidv (catopitt qmep, cafhiv, ivd). Juqigammz ov't ep ofie vjev jet e tnemm djepdi ug cioph dsievif cz tuniupi imti cigusi zua neli ov. Vjip eheop iwip og vjev ot vji tovaevoup emxezt sinincis epf ci dupgofipv op zuas wotoup ug vji ofie uwis tuniupi imti't epf fup'v ci op tadj e jahi satj.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom