Ah, online passive income. Achieving this is considered by many to be the holy grail of making
money from the internet. After all, who wouldn’t want to be able to sit back and relax,
maybe even do a little bit of travel, and still have money flowing in on a regular basis?
There’s only one small catch though. A well-kept secret that many online money making gurus
won’t tell you upfront. The term “passive income” is actually quite misleading.
In reality, there’s nothing passive about it!
Don’t let that confuse you though. It’s still very much possible to set up income systems
that work to make you money 24/7, letting you experience the great feeling of waking
up in the mornings and discovering that you made money while you slept. Anybody can accomplish this!
You’re going to have to earn it though! This is why we say that it’s not truly “passive” income.
You are going to have to put in the work to set up passive income systems.
There’s no way around that fact. If you’re willing to put the effort in though,
you’ll be amazed by what you can accomplish. In order to help you get started
on your journey to passive income, we’ve compiled a list of 10 of the best ways to earn passive income online.
Affiliate marketing is a wonderful source of passive income.
You don’t even have to create your own products! Simply find products that
you think provide a great value and then recommend them to others.
Write a glowing product review and then drop an affiliate link and the work is done!
From here on out, every time that someone comes across your article and buys the
product that you recommend, you’ll get paid.
Blogging is another fantastic source of passive income,
although it can take a little while to truly get the ball rolling with. It will definitely
require a lot of persistence to stick it out through those potential initial dry months
where you don’t get much traffic or feedback for your efforts.
However, as you begin to gradually build your audience, you can then monetize your
blog via several methods. One such method is by having paid ads on your site.
While not a huge amount of money, if you are getting paid something every time
that someone views or clicks an ad, it’s still passive income coming in!
3. Sell your own digital products
Another potential way that you can earn passive income,
and one that ties quite nicely into blogging, is to create and sell your own digital information products.
Is there something out there that you know better than most people?
Start a blog around that topic, share some of your knowledge for free, build an audience,
and then develop an e-book or something similar to sell to them.
4. Start a dropshipping store
E-commerce is a great way to earn a good amount of money in a passive format.
And dropshipping is probably the most passive income-friendly method of e-commerce there is.
All you have to do is find a product to dropship, create a website that advertises said product,
and then get the traffic to come to your site. Once you accomplish this,
the sales can start to roll in and all that’s required of you from here is to
forward orders off to your vendor and pocket your cut!
5. Create and sell your own physical products
Many people see this idea and think it’s something that will forever be out of reach for them.
After all, not everyone has what it takes to be an inventor and come up with breakthrough new ideas or products.
However, it’s entirely possible to take an existing product and find a way to improve it somehow.
If you can manage this, and there’s a demand for your product, the sky’s the limit for how much you can earn.
6. Create YouTube videos
Create your own content videos and upload them to YouTube.
It can be an incredibly enjoyable way to earn passive income.
Find something you’re passionate about, make videos on the topic regularly,
and upload them to YouTube. As you gain popularity and build an audience,
your views will increase and so will the passive income you earn!
7. Kindle self-publishing
Kindle is fast becoming the preferred method of millions of people when it comes to reading.
Get in on the action by writing and publishing your own e-books for Amazon.
Chances are that no matter what you like to write about, there’s a market for it.
Many people are making a nice passive living by self-publishing Kindle books and selling them on Amazon.
8.Build your own mobile app
If you are savvy with coding, this is another option that can potentially make a killing for you.
If you can design and build a mobile game or some other type of app and get it published on the app store,
and it catches on? You’ll be laughing! Look at something like Candy Crush—it makes over $500,000 daily!
9.Start a service-based business and outsource the work
Freelancing is one of those things that is perfect for anyone who wants to start
making money online as fast as possible. But did you know it’s possible to turn a
freelance service like writing or coding into a great business opportunity?
Take writing for example. Once you are established enough, you can outsource
large writing projects to a team of writers. Simply pay them their cut and pocket the rest.
10.Invest for passive income
Closing out our list is one of the most traditional methods out there for earning passive income.
Simply follow a sound investment strategy, preferably by investing in low-cost, high-yield index funds.
Very, very few people are capable of actively beating the stock market.
Instead, follow the somewhat boring route of investing in something relatively
safe on a regular basis and then sit back and watch your money grow year after year.