Passive income has been one of those elusive concepts that most online entrepreneurs dream of. Some marketers make money at the promise of a quick solution to earn this type of income, but a lot of newbies find themselves ripped off by these false strategies.
Here is a simple truth about passive income:
It is never easy and it is never quick. In fact, it takes time to build up your online empire and it would even take you months or years to see your efforts pay off. Aside from this, you should be able to sift through most passive income ideas and choose which ones you should focus on.
What are the best ways to build up your passive income online?
According to top earners, here are the top 5 passive income streams that are worth it:
1. Selling a digital course
Most bloggers would sell the idea of starting a blog and generating passive income from it. The truth is, it isn’t the blog that generates the income–it’s what the blog promotes.
Observe the top blogs and you will see how many of the bloggers offer a course on financial growth, losing weight, saving your marriage, or some other niche expertise that their blog focuses on.
This is one of the best ways to earn passive income online because you only have to prepare your course at a single point in time but it has the possibility of selling endlessly. Digital courses can be sold on the following platforms:
• Your own website
• Udemy
• Skillshare
• Clickbank
2. Becoming an affiliate marketer
Affiliate marketing is one of the easiest ways to earn money online.
Unlike creating your own digital course, you don’t have to spend effort making an outline, taking an audio or video of your lesson and uploading it to websites.
You only have to promote products by other people.
The concept of affiliate marketing is that as you help vendors sell their product, you earn a commission in exchange for your promotion through your affiliate link. The top sites to start doing affiliate marketing are:
• Amazon Associates – ideal for physical products
• Clickbank – great for digital products
• Commission Junction
• Rakuten Affiliate Network – hosts several retail companies through their program
3. Selling an e-book
If speaking or being in front of the camera is not your cup of tea, you can opt to sell an e-book instead.
An e-book is a great way to hone your skills in writing and provide valuable content for your readers.
The bestselling books created by top passive income entrepreneurs are how-to guides or topics that teach them a special skill or improve an aspect of their life. Your e-book can be sold in different ways:
• Through your own website – a downloadable PDF after purchase
• Through Amazon Kindle Program – has a large market base
• Payhip
• Selz
Note that in all third-party websites, the company may take a percentage off your selling price as their commission.
4. Opening your products for affiliate marketing
This is closely related to being an affiliate marketer, but not exactly the same.
You become the vendor instead of being the affiliate marketer.
Once you get the hang of creating products such as digital courses, e-books, or even physical items, you can start opening them as an opportunity for other affiliate marketers.
This is a win-win situation because not only will you get to double your earnings, you will also have extra arms and legs to spread the word about your products. Some of the best networks for vendors are:
• Clickbank
• Commission Junction
• PayDotCom
5. Creating content with royalty payments
If you are on the creative side and would want to make passive income through your craft, you can sign up for websites that help you sell items with royalty payments.
These can include copyright for music, photos, artwork, or any creative or intellectual property that can be sold online.
There are a lot of platforms to choose from when it comes to selling products in exchange for royalty payments:
• iTunes – selling royalties in music files
• Shutterstock – royalties for photos and graphics
• Redbubble – merchandise designs
• Amazon Studios – submit movie and TV series scripts
Passive income isn’t entirely passive in nature.
It is done through a series of upfront efforts with endless possibilities in the long run. Once an online entrepreneur pours in the work at the initial stages, it is sure to reap rewards towards the end.
6. All of the above
A lot of the top earners are using some, or all of these ways to keep their income coming in.
But you need knowledge on how to achieve all of this and mix it up a little!
What you really want to be doing, or concentrating on, is this…
To get a fast start in affiliate marketing, and be making money sooner than you think possible, you need a system, a mentor, and a fabulous community of like-minded people.
Where also…
You get the best education and training in online marketing, building sites and funnels, learning traffic tricks, and everything it takes to get you on your way to earn passive income fast.
Where you can also…
Move on to selling your own digital courses and/or training programs, creating and selling your own e-books, and creating products you can open for other affiliates to promote for you!
• It is how you combine all of the above for maximum benefit
• It really is the ultimate solution
At present, we are reviewing certain passive income systems that will fit the above criteria, and are planning to publish one or two that fit the mark… stay tuned.
In the meantime, make a little cash on the side with this ultimate passive income system.
It’s a great program that takes all the hassle out of setting up funnels, autoresponders, and the like, and… you can start out for free!
Click to check it out >> Show me the money!
Take a look and let me know in the comments how you go.
Also, take a moment to share this info with your social media family, it may help them too!
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