Can the internet really help with passive income?

So you know that passive income is money generated for you whilst you aren't having to work for it.
If you have a 9-5 job that is what is known as 'earned income', but what you should focus on is making money that you don't have to work for.

You could say that money made online isn't really passive income as you have to set something up before you'll make any money this way. True, however you won't be making passive income from a savings account unless you take the time to set up an account in the first place. You could then make regular deposits into the account but if you are smart you would set this up to happen automatically (e.g. a direct debit. The bank knows to take money from your current account and put it into the savings account, you don't have to do anything).

There are many different ways to make money online. Many of which can be grouped under the umbrella 'internet marketing'. Some require a lot more work to set up than others, but can have greater rewards. Some require regular work, but if this work equates to twenty minutes a week and yet you are still able to earn money 24/7 then that has to be passive income?

There are other ways to make money online too, but often the competition is large corporations - how are you going to realistically compete with them?  A lot of people make money on auction sites too - but whilst you are struggling to get up to power-seller level, you'll probably be spending just about every minute on your computer trying to keep abreast of it all. That sounds like a lot of work... Remember we want to aim for passive income - money that comes in even if you aren't doing any work for it!