Genuine Ways To Earn Money Online Through Passive Ways.
Do you want to escape your 9 to 5 year job?
You may want to achieve financial freedom!
Having passive income streams means real financial freedom.
If you generate passive income, you can enjoy more freedom; you can earn money while you sleep or travel.
It’s great, but it takes time, a lot of effort, a few sleepless nights, and sometimes money to build a profitable online business that generates passive income.
But do not worry
If you are passionate about your job, you can easily achieve your goals.
You just need to work hard for the first few days and then earn in a way that requires little or no daily effort to maintain your passive income-generating activities.
What is Passive Income?
Passive income is where you earn again and again for the work you once did.
The difference between active income and passive income is that with passive income we do not exchange time for money; instead, we invest our time (or money) in advance.
Start a Blog.
You can earn passive income by blogging, but it takes a lot of work in the start-up phase.
You need to invest some money and 3-6 months to get your blog up and running before you can make any money with your blog.
To generate passive income from your blog, you can use affiliate marketing or you can earn money by adding ads to your blog.
Now blogging is a competitive business. Therefore, you need to choose a less competitive niche that you know and know how to write high quality content to attract your target audience.
As a newbie for a blogger, driving targeted traffic to your baby blog is tough, and we all know that more targeted traffic = more money!
The best is,
You can use Pinterest to drive massive targeted traffic to your blog while optimizing your content for Google and other search engines.
Read this article if you want to start a blog that generates passive income.
Write and Sell an E-book.
Writing a successful ebook takes some knowledge and some time to get started, but it can be a great source of passive income month after month.
If you want to prove your authority while earning passive income, writing an e-book is the best option for doing so.
With Amazon, you can easily publish your eBooks or paperbacks yourself. F
Amazon’s book writing guide and start writing your first book.
Make sure you choose a profitable niche, and don’t forget to promote your ebook through social media platforms, influencers, and bloggers in that niche.
If you manage to sell a few hundred copies in the first week of your book’s launch, Amazon will take over and start promoting it for you. This way, you can earn real passive income.
Start a Podcast.
Podcasts appeal to the wealthiest and most educated people the most. In addition, 32% (approximately 90 million people) of Americans listen to podcasts on a monthly basis.
Therefore, the podcast is a great opportunity to build a target audience, market your business, and share your knowledge while earning real money and passive income.
The best part is
You can now start a podcast for free.
Once your podcast has attracted loyal and targeted listeners, you can make money sponsoring, selling your services, or you can generate passive income selling your digital and affiliate products.
This article contains affiliate links (I don’t recommend anything that you don’t believe in), which means that at no additional cost to you, I can receive a small commission for purchases made through those links.
Make Passive Income with Affiliate Marketing.
Affiliate marketing can be a great way to make money from home. All you need is a computer and loyal fans.
In affiliate marketing, you have to promote someone else’s products to earn a commission.
To get affiliate products, you can join affiliate programs like ShareASale, CJ, etc. Also, like Amazon, each e-commerce site has its own affiliate program. You can also join them.
You can build your target audience using a blog, podcast, or YouTube channel. Also, you should focus on building a mailing list. Later, you can use these platforms and your mailing list to promote affiliate products.
To earn more passive income through affiliate marketing, always promote useful and valuable products to your audience.
. Start a Dropshipping Store.
The great thing about Dropshipping is that you don’t have to worry about producing, storing and shipping the product.
All you need to do is pick a profitable niche and start a Dropshipping Ecommerce Store.
AliExpress is a marketplace where you can find Dropshipping products.
You can use Amazon, eBay, etc. Sell products. But I suggest you build your website using Shopify. Because it gives you full control over the brand and design, helping you attract your potential buyers.
Plus, instead of Dropshipping, you can sell your downloadable digital products to generate passive income without working regularly.
Sell WordPress Themes and Plugins.
Many people use pre-built WordPress themes and useful plugins to design and manage their WordPress blog or website.
If you are a WordPress developer, you can design WordPress themes or plugins; Alternatively, you can hire a professional designer or developer to design a beautiful theme or useful plugin.
You can sell your WordPress products on your website or you can use WordPress Marketplace as a Themeforest.
If you are able to design responsive, versatile and professional WordPress themes like Avada or Soledad, you can easily generate passive income by selling your themes.
Start a YouTube Channel.
Video marketing is the future of content marketing. Video content is now receiving more attention than other content. So I think this is the best time to produce video content to market your business online.
The best part is
By creating videos, you can build an engaged audience and easily monetize them to earn a large amount of passive income on a regular basis.
So, if you love making videos, want to share your knowledge, and want to earn real passive income, you should definitely start a YouTube channel right now.
Create Online Courses.
An online course is a passive and independent source of income for experts and specialist teachers.
People love online courses because the online courses are organized, simple and practical.
So, if you are an expert, you can share your knowledge by creating online courses.
The course may include videos, e-books and emails with valuable information. When a customer purchases the course, they receive emails with everything they need to access the course.
You can host your online course on your WordPress blog using LearnDash or you can use Teachable to host and sell your online course.
Additionally, you can use Udemy or Skillshare to host and sell your online course with your current audience.
Invest in Real Estate
Investing is the only form of passive income that doesn’t require a lot of daily effort, and real estate investing can be a great way to earn passive income while you sleep.
Fundrise is one of the best crowdfunding real estate investment platforms on the market. With just $ 500, you can get started and invest in real estate products through eREIT.
In addition, you can invest in the stock market or in a struggling company and become a silent partner for more passive income.
Create a SaaS
Canva, Slack, Google Apps, Shopify, and Dropbox are the most popular SaaS companies and products.
Software as a service (SaaS) is a software distribution model in which software is accessed online through a subscription, rather than purchased and installed on computers.
If you have an idea to create a SaaS product and you don’t know how to design a SaaS product, hire a designer, invest some money, and turn your idea into reality.
Buy a blog.
You can buy an existing blog that is already generating passive income.
Some people sell their blog because they are tired of it, don’t make enough money, or don’t have time to write and maintain content.
You can purchase an existing blog from Flippa, or you can personally contact the blog owner and ask if it’s ready for sale.
To find a blog worth buying, look at some criteria, such as the age of the blog, the amount of traffic it generates, and the amount of money the blog generates.
The blog must be monetized, optimized for SEO, and receive at least 10,000 visits per month.
Buy an Existing Online Business.
The advantage of having an online business is that it allows you to work from anywhere and can generate passive income.
Starting an online business from scratch can take a lot of time, money, and other resources.
So why not buy an established online business?
You can easily buy a successful online business on websites like BizBuySell. It has hundreds of online business listings for sale.
Always consider buying an online business that you are passionate about and that has some experience in the industry.
Develop Smartphone Application.
Smartphone users use countless applications every day for entertainment purposes and to make their daily life more comfortable.
The application market is huge. It is growing more than ever and that is why apps like TikTok are attracting a large and engaged audience.
If you need programming skills, you can easily create a viral app using your skills and creativity.
If you have a good idea but don’t know how to develop an app, you can hire an app developer from Fiverr or another independent market to help you design your app.
You can distribute your app to your target audience via the Google Play Store and iPhone App Store.
To generate passive income, you can monetize your app through ads, sponsorships, and in-app purchases.