Creating passive streams of income

My friend Jose J called me up last night and was inviting me to a income opportunity presentation in Pasadena. We shared a few projects we are working on. I've been studying a bit on online marketing this past year and have slowly created some passive income streams.

I want to share a simple to understand outline to make a website or blog profitable.

Here it is:

1. Find a niche market

2. Find a profitable product to sell to that niche

3. Join affiliate programs

4. Advertise the website using Google AdWords/JV/ SEO Search Engine Optimization
partners

5. Monitor where your dollars are coming from

I know that may seem oversimplified, but that's all there
is to it. Of course each step has a few details, but essentially, that's the formula.

Talk more about it later.