passive

May 5, 2008

Passive Income, PayPal Debit Card and INSTANT Gratification

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I am surprised by how motivating it is to have a PayPal debit card attached to my PayPal account.

It’s great being able to buy a cup of coffee, or a meal, or gas, with money that comes directly from my passive income streams. Someone in France, the U.K, the U.S or god knows where else - buys a download. Then the money goes automatically into my PayPal account, where I can access it instantly through the debit card.

Previously, I would have to transfer the money to my bank account before having access to it. Somehow the immediacy of the debit card makes the income more real and more emotionally satisfying.

And a brief note about Google Checkout. I mentioned in a previous ecommerce post, that I added Google Checkout as a payment option to my e-junkie shopping cart. I do not have the exact figures in front of me, but there has been a substantial increase in sales. I’d estimate it at 20%.

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Ryan Nagy, The Web Whisperer: Personal and Professional Growth by Building a Web Presence. Search Engine Optimization, Marketing, & Digital Products.