Passive online income is far from impossible. I have seen people do it over and over again. And good thing is, inasmuch as the number of internet users increases, the opportunities to make online aren't going away anytime soon.
However, be mindful that it is never going to be an easy process. And moreover, there is no shortcut
I usually tell people that every shortcut to anything in life is eventually going to be short-lived. So if you are expecting a get rich quick scheme, sorry to disappoint you, This ain't for you.
In this guide, I'm going to take you through the best proven and productive strategies to start a scalable online business.
This route to online wealth requires an upfront investment and sacrifice.
Of what?
Time, a great deal of time
[caption id="attachment_26137" align="aligncenter" width="1024"]
Building a passive income driven business involves an upfront investment of time[/caption]Can you make out that time?
If So, lets get on with it
What is Passive Income?
Passive income is defined in various ways. It could be in terms of real estate investments or the stock markets. But as it is, this blog is basically focused on internet business.So, we'd define passive income as:
The creation of Online Businesses that grow, scale and generate income without necessarily requiring a real-time presence.Online businesses start with the creation of products that solves problems and add value to their target audience, then reap the benefits later.
As online entrepreneurs, we don't TRADE time for money. we INVEST time upfront. Afterwards, it materializes into a money generating venture that grows while we get a breathing space to relax and do other things.
[caption id="attachment_26132" align="aligncenter" width="1024"]
You can afford to relax and catch fun while your business scales and generates income without being actively involved[/caption]What are these businesses that can be done online and make money?
Passive Income Business Ideas That Works
There are many ways to generate passive income online. However, the most productive ways to it is through information marketing.People surf the internet everyday in search informations on a lot of things. If you have the information they are looking for, they are ready to pay for it.
Below are a few examples
Starting A Blog
A blog is one of the common ways in which people make money online. You must have heard of famous bloggers like Linder Ikeji , Seyi Makinde and a host of others who rake in millions daily from their blogsBut what is a blog?
According to First Site Guide, A blog (short for “weblog”) is an online journal or informational website. It is a platform where a writer or even a group of writers share their views on an individual subject.
Online Entrepreneurs use weblogs to connect with target audience by posting relevant and valuable information that solves problems
I will teach you different ways to utilize a blog in generating income. But first here is a comprehensive guide on how to start a blog from scratch
Become an affiliate marketer
Affiliate marketing is one of the oldest ways of making money online. It involves recommending a particular product to others and getting a commission after sales.This form of marketing is the easiest and cheapest as you don't have to create or sell a product. All you have to do is link buyers to a seller and and get your commission when sales is made
With a properly scaled affiliate marketing business, you can earn thousands of dollars of passive income monthly. That however depends on how well you perform.
Affiliate marketing can be very competitive. To ensure your success, I will show you how to get started; What works and what doesn't; and how to best maximize your affiliate income.
Here is a list of must read articles for you:
What is Affiliate Marketing And How Does it Work?
How to Start Affiliate Marketing
Must Have Affiliate Marketing tools
Affiliate Marketing Mistakes to Avoid
Write an E-Book
Publishing and selling E-books online is another great opportunity for you to earn passive income. No longer do you need publishing houses, editors and printing presses to get your books out there. You can do that right now on your computer.You don't have to scour the internet to find out how to do this because I have prepared several articles for you to learn how to write, publish and make money off E-books.
If you are wondering what E-books are
Uhm.. E-books are books made in formats that makes it downloadable online. And you can join the league of Huge Howay and Amanda Hocking in making money online from self publishing e-books.
E-books can be sold on amazon and even on your own website and you could make huge amount of money from it.
Create an Audio Book
If you are an online entrepreneur and you aren't creating audio books yet, you are probably leaving a couple of dollars on the table and missing on some potential audience. Because out-rightly, i can tell you there are millions of audio book listeners worldwide.According to George Smolinski of Gutenberg Reloaded, the audiobook market is growing at a rate of 30% per year which makes it quadruple the rate for ebooks.
A post on Kindlepreneur with Dave Chesson explains how to make and publish your own audio books
Start A Dropshipping website
A drop shipping website is an e-commerce website. But drop shippers don't own or stock their products. They simply take orders on their websites and use third-party sources that produces and ship the products to the buyers on their behalfDrop shippers are more like affiliate marketers. The only difference is that they act like the products are theirs. Some even have have manufacturers brand the products in their name so you hardly know they aren't the producer.
Dropshipping is another smart making money online business. If you want to make money dropshipping products, here are guides to Help you
Running a Dropshipping Company
0 Comments:
Post a Comment