I've made the first step in creating my stream of passive income! I've been tied up for the past couple weeks in launching an alumni website for my college graduating class. That site is launching today after we move servers so I will spend a considerable amount of time today working through the move and then assisting the new users with registration as well as troubleshooting any problems that come up. The reason for the move being that I've signed up for a reseller hosting account with Green Geeks and will have our alumni site as my first client. Of course I'm charging them a very low fee (a few bucks a month which will easily be covered by our ad space sales) but it will still help to offset the costs of the account.
Possibilities
Opening a reseller account gives me the ability to open multiple websites for a low cost and also resell hosting services as well as domain names to offset the cost of my overall hosting. Not to mention with the proper marketing I could make a fairly decent passive income off of the subscription fees, but the hosting market is over saturated as it is so I think I'll pass on this idea.
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