Artistic, fashion and travel photographer Ben Heys lives like a king. Highly respected in photography circles for his artistic nude and fashion photography, Ben makes his entire income online by licensing his photography to designers.

This is called “stock” photography and he currently has 1300 images available in his Shutterstock.com library.  Each photo is licensed for a lean amount of money - and his commission is even smaller - but the numbers add up to provide a consistent flow of passive income sufficient to live like a king while he travels Asia. Even when he doesn’t work for weeks at a time.

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** Thank you to those generous people who sponsored me in the “Hike for the Homeless” walk last week.  I am told that $6,263 was receipted (with more dribbling in).  This money is being used to pay for the running of the 139 Club, a drop-in centre offering support for people in adverse personal situations. **

Have you ever thought to yourself, “If everyone in Australia gave me a paltry $1, I’d be a multi-millionaire”?

It might have then occurred to you that you don’t really need $20 million dollars.  So you fantasise: “If even only 52,000 gave me a paltry $1 per year I’d have $1000/week to easily pay the bills… and then some.”

The logistics of collecting $1 from 52,000 people might be a little daunting at this point but you might starting thinking that this is starting to enter the realms of possibility with a little extra thought.

So then you think: “Okay, I might be able to convince the average person or business to part with $30/month (or $1/day) for something they’re interested in or need.  If I had 150 customers I’d generate $54,000 per year!”

Then the complexities of income verses profit come into it and you might decide that you actually need $30/month in profit.  No problem, really.  Just something to factor in.

Do you think that you could find 150 customers to pay you a little over $30/month for something they want or need? Perhaps an online service with no physical component? It could be an online course, membership site or some other Internet-based service like online survey hosting. Or maybe an online shop selling physical products (with a $30 profit margin) on a subscription model.

We’re talking pretty small numbers here (150 and $30) but, through the magic of primary school level multiplication, it adds up very quickly.  (And, consider that the number of customers required plummets to 50 if you generate $90/month profit per client.)

Come on, stop imagining that this is too hard and give it a bit of thought.  What do you know that you could teach via an online course?  What online service could you set up (or resell)?  What are you passionate about?  Could you make a membership-based website on that subject?  (Have you been dreaming about it for years and not done anything about it?? You know who you are!)

Feel free to send me an email and bounce ideas off me. I’ll share with you what I’m doing. I’ve already started: 148 customers to go!