Altcoins Talks - Cryptocurrency Forum
Further Discussions => Entrepreneurship , Business & Online Work Forum => Topic started by: admin on December 14, 2018, 10:19:45 PM
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It's not totally passive,
What do you think ?
Is it passive income ?
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It's not totally passive,
What do you think ?
Is it passive income ?
Not at all. In this case, there is simply no need to engage in some business processes. But you still have to look for clients. This cannot be called a passive exercise.
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It's not totally passive,
What do you think ?
Is it passive income ?
I think this is a pasive income because it just a business that enables a company or person(s) to operate without maintaining inventory, owning a warehouse to store their products, or even having to ship their products to their customers themselves.
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What is drop shipping? I have never heard of it. Is it exclusive to crypto? Why not introduce us to it or leave us some links. I cant understand why you not sure if something is passive or not. If i can profit from it I am interested. How has it gone for you? Have you made any profits? Is there something you can show us or some example? Thanks.
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Yes, it has come under Passive income.
Entrepreneurs can make a lot of passive income from drop shipping, a model that allows you to ship physical products to customers without holding inventory. You earn money moving goods from the manufacturer directly to the end-user without going through the usual distribution channels.
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Yes, you are right that Dropshipping is not a passive income. Because in Dropshipping you have to buy a thing and then you sell that product to your client at a high rate. In Dropshipping the main thing is that you work you get the money you will not work you will not earn money.
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Absolutely no, as for me, dropshipping is actually one of the online business I hate so far and I see it as a kind of scam because you are going to find a client, after that you collect money from the client which haven't see what they want to buy first before paying meanwhile some clients always wants to see the goods before paying and the other of the goods won't give you the goods without seeing their money first, dropshipping is just complicated and so stressful too especially when you don't know who you are actually dropshipping for and also the distance.
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It depends on how we promote our drop shipping business if you are using a bot in your dropshipping website and promoting it automatically then we can say it makes you money as a passive income because you can let your bot handle your customers and automate everything without you.
However, if you keep promoting it and find customers without bots I think we can't say it is a passive income unless you already promoted it through blogging or making articles because you can gain organic traffic from Google for free if you know how SEO works.
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It's not totally passive,
What do you think ?
Is it passive income ?
It can be passive income if you have other people working for you, and you just collect money ;D
But I would call this a side gig, or alternative income source.
I can make logo for you and altcoistalks forum and get paid for that, but this would not be a real passive income.
Make digital product, sell it in public for cryptocurrency and you have a real passive income even when you sleep.
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To me I will say no it's not passive. I can't go into dropshipping because it's very stressful and very annoying too.
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I think it depends on what you are selling. It could be passive income if you are shipping in goods that are quickly marketable. Also, if you are getting orders regularly on a daily basis, you will definitely be making a profit every day, and it could become passive income for you. Some people drop-ship items that are frequently used or needed by people, and if you are lucky enough to have become known as a seller for a particular item, people will always demand it from you, and you can earn a profit. In conclusion, not everyone can earn passive income from drop-shipping.
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It's not totally passive,
What do you think ?
Is it passive income ?
No it is not passive income under USA law. You are running a business and not holding an investment.
But that is USA tax law. lots of other countries may have other rules.
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It still depends tho, I have friends who do drop-shipping, some of them are earning a looot, and some are not, so it might be a passive income for others and not for some.
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It's not totally passive,
What do you think ?
Is it passive income ?
Every county has different rules.
I can speak for the USA and tell you drop shipping is active income.
You make the sale
You contact a warehouse that has the item
You make sure the item arrives to the buyer.
That is active. By USA law.
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I think this is a pasive income because it just a business that enables a company or person(s) to operate without maintaining inventory, owning a warehouse to store their products, or even having to ship their products to their customers themselves.
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If it is done that way then it is a passive income, no physical maintainance is required..
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It's not totally passive,
What do you think ?
Is it passive income ?
A lot of drop-shipping has taken place in our country via the Internet, and the others are even promoted by influencers, but they didn't hit either. Even if you lose the idea, maybe the one you join has a large starting capital while others only have a small capital.
That's why it didn't hit our country either, just for a short time, to be honest, but when it first came out online, it immediately made noise on social media platforms like Facebook, but only for a short period of time.
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I think the better question is how can it become passive income?
A store needs new products as old ones become unavailable. So you'll need to hire someone to source new products and remove the old.
A store should advertise either through content creation or through paying for advertising. So someone will need to do that.
Someone also needs to be able to handle any customer service.
Someone needs to keep track of the sales, profits and expenses and file taxes.
All you have to do is pay your people to do these jobs and that's pretty close to passive.
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It can’t be passive in the USA.
I can’t speak for other countries, but you are doing actions to get the income.
Even if you do it with a bot you had to set the bot up which makes it active.
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It can’t be passive in the USA.
I can’t speak for other countries, but you are doing actions to get the income.
Even if you do it with a bot you had to set the bot up which makes it active.
That's not true at all. With your logic there's no such thing as passive income. I can't just passively open a bank account and collect interest because I had to open the bank account.
Please see the post above yours for HOW one would passively own a dropshipping business.