Student or Learner
The aim of any internet entrepreneur is to make money using the power of the World Wide Web. So how would you like to use the internet to generate a passive income that builds even when you are asleep? This is no get rich scheme, on the contrary it will take some time to develop the income stream especially if starting from a brand new website.
Could you explain the emboldened parts to me?
A passive income is one that you don't have to work for. It comes even though you do nothing.
The income stream is the "flow" of the money.
Something that is brand new is just something that is new - the "brand new" emphasizes just how new it is. A brand new Website is one that has just been created.