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10 WAYS TO MAKE PASSIVE INCOME ONLINE

 

HOW TO MAKE PASSIVE INCOME ONLINE

WHAT IS PASSIVE INCOME?





·      Passive Income are the earnings where you earn with minimal or no effort.

·      “Many people think that passive income is about getting something for nothing,” says financial coach and retired hedge fund manager Todd Tresidder. “It has a ‘get-rich-quick’ appeal… but in the end, it still involves work. You just give the work upfront.” You might still need to work to keep your products updated.

·      Passive income is not a second job and nonprofit dividends and stocks also do not count as passive income.

 

TEN WAYS TO MAKE PASSIVE INCOME ONLINE    

i.               Dropshipping                  

ii. Print on demand store

ii.             Digital products online  

 iv. Teach online

v. Start a blog                            

vi. Sell hand made goods

vii. Run affiliate marketing       

viii. Sell Stock photos

ix. IG influencer                        

x. Shop online

 

1.    DROPSHIPPING



Dropshipping involves creating an e-commerce store where customers can browse and buy products but the interesting thing is that you do not actually need to have an inventory. Another catch is that you do not have to invest unless your products actually sell.

All you have to do with dropshipping is find products with a sustainable market and create e commerce stores and let the suppliers handle the rest.

 

2.    PRINT ON DEMAND STORE

 

A print on demand store is great way for artists and creators to earn online. All you have to do is contact a supplier who can print shirts, pens, note books for your engaged community and Voila!!

It is very similar to dropshipping in a sense that you do not necessarily need to have inventory or physically handle products. All you need to do is find a supplier and your niche community to generate passive income.

 

3.    DIGITAL PRODUCTS ONLINE

 

Digital products include PDFs, Spreadsheets, NFTs, Kindle books, Templates and audiobooks basically everything that the consumer can not physically touch. You need to invest your time upfront whilst creating the product for the first time.

Afterwards, you can keep re selling the product that you created a just once and make a handsome amount of cash online.

 

4.    TEACH ONLINE

 

It has become easier than ever to give and get information. If you have any skill that you can teach to other people then all you need to do is make some videos and start uploading them online on sites like Youtube.

 

The consumers can learn by watching the content you created and you can earn. You still might need to invest a lot of your time upfront.

 

5.    START A BLOG

 


You No longer need to be a celebrity to start a blog online. All you need to do is find your niche and start a blog about it. Then, you can earn either by sponsored blog spots or affiliate links or by ads through Google Ad sense.

You can also your commonly used social media platforms to increase the audience on your blogs.

 

6.    SELL HANDMADE GOODS

 

This way of earning Passive Income may require a lot of man hours of work but if you find a niche, you can earn a pretty sustainable income. You may have to deal with issues with supplier but the end goal is pretty fruitful.

 

You can use sites like amazon, daraz, ali baba express to sell your products online.

 

7.    AFFILIATE MARKETING

 

Affiliate marketing is a way of earning passive income where you share referral links on your platform when, people buy the products via your link you end up earning a portion of commission.

Affiliate marketing is really great way to earn passively online. The most commonly used platforms could be Pinterest, blogs etc.

 

8.     SELL STOCK PHOTOS

 

This is suitable for you if you love taking photos or if you are remotely good at it. You can take photos of landscape or scenery and sell them online via sites like Shutterstock.

 

You do not need to worry about the marketing part of the job because the sites take care of it themselves.

 

 

9.     INSTAGRAM INFLUENCER

 


If you have an online following on IG, you can earn a handful amount of cash just by posting on the site. Famous stars like Dwayne ‘THE ROCK’ Johnson and Ronaldo earn roughly around a million per post.

 

You can partner with small or big companies and by providing them with a audience reach you can start earning passively.

 

10. SHOP ONLINE

 

Shopping online is something we all like to enjoy and wouldn’t it be great if you earn while spending money on favorite stuff. There are many online websites like SAVYOUR where on each purchase you earn some points or cashbacks and after a while you would have handful amount.

 

A CAUTION though should be taken about your budget while shopping online because you might end up spending your entire budget while trying to earn online.

 


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