7 Ways Of Earning Passive Income Online You Can Do From Home
Have you ever envisioned earning passive income online and having the ability to work when you want and where you want? Well, not only is that possible, this post will walk you through 7 ways of earning passive income online from home.
Earn passive income online with a blog
Many people underestimate the amount of work that goes into maintaining quality content on a blog. Often the outsiders see a person who “messes around” on the Internet and earns money. But the truth is a blog is one of the most ideal spaces for somebody to earn passive income.
Now there should be some financial goals attached to starting a blog. However, most blogs were started with only the intention of sharing things with an audience.
It should be noted that almost nothing is truly passive, certainly not in the early days. Once everything is set up, you may not need to be hands-on; however, most systems will need updating and maintenance. Also the more content you build out on your blog the more opportunities you’ll have to earn passive income online with it.
Check out this post, if you’re interested in making money blogging. Below are some other options when it comes to passive income in conjunction with blogging and more.
Selling digital products
Of course, there is a lot of talk about how quickly you can create online courses, e-books, online events, and so on. And the truth is most of the time these take time to set up.
You could wait until you have an audience who hang on your every word, or you could understand your niche and the audience that you are trying to attract and create things in advance.
It should be noted that the margin is close to 100% you have no product creation or distribution costs you will create everything online. Often selling products by your blog is pitched as a side project.
However, you are going to have to learn how to create products that people really want and need. Then learn how to promote them in a way that speaks to pain points and connects with your intended customers.
You should try and create a few different product types and see what suits you most look at the time that you spend and how many skills it requires.
You can then do some market research about what to sell that product for, you have to be driven and wear many hats to make this work well. To learn the process of creating digital products check out this post on How to create and sell digital products.
Earning affiliate commissions for passive income
The goal here is to search for competitive search terms within your content. And every piece of written content that you create will have links and images that go to the products you are talking about.
Each of these links will have an affiliate code attached to them, and when I purchase is made, that code will be registered, and you will take a small commission. It doesn’t cost your customer anything extra all it takes is a little bit of time and some promotion.
It is quite possible when this is set up correctly and well maintained to make thousands a month. You can do this by selling both high ticket products as well as low ticket products. One of the best ways to do this is with content marketing like blogging or video marketing.
Often a question people ask is what is affiliate marketing, so put in some groundwork, so that you can fully understand the models and processes. You might also enjoy checking out my affiliate marketing guide for beginners to get yourself started.
Also if you don’t yet have an affiliate marketing business, but would like to start one, check out this 15-day course on starting an online business.
Use advertising space on your website and blog to earn income passively
If you have readers, then you have the ability to show advertising to them.
Your blog is prime real estate. Selling advertising space on a blog in a niche is a potent tool for earning passive income. You can check out different kinds of banner ads, or put ads in widget sidebars and in between posts.
One of the most common platforms to use is Google AdSense. However, you can put your own advertising packages together and offer them to businesses. Using the demographic information from your Google Analytics to back up any claims about how many views that adverts are likely to get.
Always remember the more relevant the advertisement, the more likely you are to get click-throughs and earn income online.
Most people will make hundreds of dollars per thousands of views, so while this isn’t enough money to leave the day job, it’s undoubtedly one of the most passive ways to earn income via your blog.
Publish a book or create your own ebook to make money online
This might sound daunting, and in the early days when you’re writing it, it’s certainly won’t feel passive. However, once you have published your book, you will be earning passive income for as long as it is on sale.
The beauty of publishing an e-book is it you can offer them simply the digital download, meaning that you won’t have to pay those pricey handling fees and some self-publishing platforms.
The key to high passive income is the work that goes in ahead of it, and maintenance to ensure that it keeps running smoothly. Remaining relevant will mean the content should be updated when required.
The promotion of your content is going to be a key element of building your audience and your sales. If you make your own ebook you could also just sell it directly on your website.
Check out the video below to learn how simple it is to create an ebook!
Start a YouTube channel to earn passive income online
Another great option of earning passive income online is through building a YouTube channel. This can also work in conjunction with your blog because it is a great way to drive traffic to blog posts.
Much like a blog, YouTube videos can capitalize on the benefits of SEO. This means that you can make a video once, and it can continue to get views, drive traffic to your site, make sales, and even earn ad revenue.
For all of these reasons, making a YouTube channel should be a staple if you are looking at earning passive income online. For example, you could write a blog post on a given topic that helps sell an affiliate offer.
From there you simply make a congruent YouTube video that goes with the blog post and that tells people to visit the blog post at the end of the video. You can link back to your blog that sells your affiliate offer, and even embed the YouTube video on your blog to get extra views!
This process can be done in any niche to promote all kinds of affiliate offers and even your own digital products. Check out this post if you’d like to learn more about growing a YouTube channel fast!
Build a network marketing business to earn passive income online
Last but not least is building a network marketing business from home. Network marketing is very similar to affiliate marketing in the fact that you don’t need to build a company or product yourself.
With network marketing, you can simply choose a company to partner with and sell their products and business model. Network marketing also gives you the benefit of building an organization and team of people working with you.
This is the same kind of leverage traditional business owners have when they hire employees but without all the headaches. It’s also a similar business model to being a real estate broker and hiring agents.
You can sell products or services yourself, which isn’t passive, but you can build an organization that does the same. This is where the ability to earn passive income happens with network marketing.
It’s not overnight, but eventually, as your organization grows, sales can come in with or without you, and the passive income starts to flow in! If you’d like to learn more about the network marketing business I help people start and build, click here.
Combine all of the tips above, and over time you can see a steady flow of passive income that could eventually replace your job if you want it to! Also if you enjoyed this post you might like this post as well. How to become a digital marketer full-time working from home.
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