Passive income ideas and methods are taking over the lips and minds of people all over the internet in the whole world. everybody wants to make passive income today and this has lead to many falling into the traps of internet scammers.
They are asked to invest an amount of money usually a minimum of 100 dollars into a business and the business will generate an amount of money passively into their accounts every month for an indefinite period of time. Most of the time these investors lose their money and are unable to take legal actions against their fraudsters.
What is Passive Income
Passive income is a way to earn steady revenue with little to no effort. Contrary to what many people think, passive income is not a sit-on-your-butt-and-make-fast-money gig. You’ll need to put in a lot of work especially in the beginning.
Some passive income ideas as the ones we are going to see in this article, take time and sometimes money to get up and running. But if you play your part right, they could eventually and surely earn you money while you sleep. Passive income won’t make you wealthy overnight, so forget about any get-rich-quick schemes you’ve heard of.
But steady and profitable passive income options can build some serious money over the long haul. We’re talking anywhere from a few thousand dollars to hundreds of thousands of dollars—depending on which option you go with.
Why build Passive Income
As you already know, your income is your greatest way to build wealth—a way that typically requires you to go to work five days a week. Even if you love your job, I can bet you would not mind earning some extra income without the sweat and time commitment of another job. Here’s what building a passive income can do for you:
- Increase the size of your wallet (wealth)
- Allow you a quick retirment
- Protect you from a complete loss of income if you lose your job
- Provide an additional source of income if you outlive your retirement fund
So as we proceed, in this article, I am going to share with you the 3 best ways to make passive income online according to my experience. I can hereby assure you that these 3 methods will yield more passive income for you than you can expect but you will have to put in a lot of work in at least the first 6 months. The 3 ways to make passive income ideas online in this new era are
- Affiliate Marketing
- Create a Website or Blog
- Youtube channel
AFFILIATE MARKETING
Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they love, then promotes that product through a link given to them by the company or the affiliate marketing platform they signed up to.
When a client purchases the product through the affiliate’s link, he earns a piece of the profit from each sale they make. This is called a commission in the affiliate marketing world. Sales are tracked via affiliate links from one website to another.
How to start Affiliate Marketing
To start affiliate marketing is very simple and easy. there are many Affiliate marketing platforms online that you can register upon without paying any money; After registration, verify your account by confirming your email address. You now log in to your account, complete your profile. all these are well done and confirmed, now start browsing through the various products on the platform to choose the one you like and start promoting it.
Some of the most popular affiliate marketing platforms you can join freely from any part of the world are:
These are just but few but if you are interested in knowing more, you read my article 10 Best Affiliate Market Platforms
CREATE A BLOG
Many Bloggers are making passive income online today with their blogs. There is still an opportunity for newcomers to join the list of the many bloggers making passive income online. In fact, Blogging is of the best ways to make passive income online today and this has been proved much time. lots and lots of testimonies are scrolling the web today from those who are making thousands of dollars every month with their blogs only
What is a Blog
According to Wikipedia, a blog is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). Posts are typically displayed in reverse chronological order, so that the most recent post appears first, at the top of the web page. the popular term used for the act of creating a blog and creating posts on your blog is blogging.
How to create a Blog
You don’t need to be an expert on any of the topics you write about to have a successful blog. For example, visitors to a cooking blog don’t want to read a textbook from a food scientist, they want to hear the experiences of someone who has actually cooked some real meals, mistakes and all. To start a blog do the following
- Choose a descriptive name for your blog.
- Register your blog and get hosting.
- Choose a free blog design template and tweak it.
- Share your thoughts with the world. The fun part!
- Get more people to read your blog with the proper marketing.
- Make money from your Blog. Register your blog to google adsense or choose from several options to monetize your blog.
YOUTUBE CHANNEL
YouTube is the most popular video-sharing platform where users can watch, like, share, comment, and upload their own videos. The video service can be accessed on PCs, laptops, tablets, and mobile phones. Just as Blogs many are also making thousands of dollars monthly with their Youtube channels.
How to create a Youtube channel
Creating a youtube channel is among the easiest things to do online. you need to, first of all, create a Gmail account that you wish to use for the channel or simply you can decide to use your personal email address.
After choosing the email address you want to use for your youtube channel (must be Gmail), log in to Youtube and sign in with the email address that you choose then of you go.
You can start uploading videos of any kind to your channel. Important is that for your channel to grow and for you to monetize it, you create your own videos. If you upload other people’s videos, you may get your channel deleted from youtube. So it is important to create your videos
Monetize a Youtube channel
The monetization process of a youtube channel is the same as for a blog. You create videos about a topic that you love and upload them to Youtube.
Keep posting on a regular process, at least you must post two videos in a week. After you succeed to have at least 1000 subscribers and a total view period of 4000 minutes, you sign your channel up to the youtube Partner Program to get ads on your videos.
I hope this article has been of help. remember I just try to brush over these 3 passive income methods in this article and that you can keep browsing the blog to find articles that explained I, to details the 3 methods. thanks for your time.
