How to Make Money Online and Migrate to Passive Income
Passive income, making money online or just otherwise than having a regular job? Did that cross your mind? How many times have you dreamt of becoming your own boss and quit your 9 to 5 boring job? I know I did and I am sure you have thought about it at least once. They are not too many those who dare to start their own business or working from home.
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And, if you reflect about it for a second, it’s perfectly normal to think twice before making such a decision. We all have families to support, bills to pay, houses to maintain and credits to reimburse. So, we need a stable income, right? But what would you think if I would tell you that you can make money online fast? What if I told you that there are plenty of passive income opportunities waiting for you at one click distance?
How to Create Passive Income with Little or No Money
There are many options that can generate a stable and generous passive income. What is great about it is not just the amount of money you can make, but also the satisfaction you have when working for yourself. You can say goodbye to your crazy boss and low payment and start changing your life as of today.
Start a Blog
Blogging is one of the most popular options you have, when you decide to make money online. Even though it may take a bit until you make a steady income, as soon as your blog starts to become successful, it will pay off and you can enjoy a stress-free life doing what you like. One of the most important things, when you start blogging, is to be perseverant. Be patient, keep writing in a constant way, and you will see that the money will follow paying off your efforts.
Golden rules to follow when you want to start a successful blog and earn money:
· Even though in the beginning it may be difficult to invest in a paid web host, if you want to be successful you need a web server that allows you to customize your website. Search for hosting options and you will find many affordable packages that allow you to personalize your blog and launch it in a professional way.
· The content is very important if you want to increase your page views. Usually, people are attracted by problem-solving content. No one will read your personal struggles unless they find answers to their questions and struggles. Therefore, always remember that you are not writing for yourself, but for your readers to help them solve their problems. “What’s in it for me” is the primary question that a reader will envisage.
· Always keep an eye on your competition. Decide which is going to be your niche and find out who your competitors are. Check which are their most shared posts and try to write about those topics. Whenever you have a new topic or blog post idea, write it down. This is how you will be able to stay organized and write engaging content.
· Use social media to get more traffic. The rule is very simple: if you don’t have any traffic, you won’t have money. You will need more and more readers every month and the social media platforms are a reliable pillar to help you reach your goal.
· Depict what other bloggers are doing to earn money. It may be that your blog has many readers and still make less money than other blogs with fewer views. This is why you should always check what the other bloggers are doing to get more traffic. For instance, there are bloggers who make money by selling online courses or through affiliate marketing. Learn from the best and apply their strategies yourself.
If you are not a tech-savvy, affiliate marketing is one of the most efficient passive income ideas in 2018. Usually, affiliate marketing is associated to blogging. But, you don’t have to own a blog to be successful. You can use your social media accounts to promote products and services that others offer or produce. You will get a percentage directly from the producer once the sale has been done after accessing your link.
Write an Ebook
Writing an eBook is one of the most successful ways to get a steady income. The writing process can be as difficult or easy as you want it to be. In addition, a successful eBook doesn’t have to be long. There are plenty of popular eBooks having less than 50 pages. After all, it’s not the number of pages that counts, but the problem you solve. Moreover, if you already have a blog, writing an eBook is a great way to make your blog more successful.
Make More Money with Drop Shipping
Have you ever wanted to sell stuff online, but you found it difficult to handle the delivery process? With drop shipping, it is very easy to make money online without investment. When you use drop shipping, you don’t have to hold any stock. You just create the online shop and whenever you have a new order, the drop shipper will take care of the delivery.
Create an Online Course
Creating an online course is similar to writing eBooks. Again, it is a great method to share your knowledge and create a steady income. The remarkable thing about online courses is that their prices are higher than eBooks. So, it is worth spending your time and producing some interesting and valuable content that will attract people like a magnet.
Learn How to Make Money Online without Paying Anything with Peer to Peer Lending
This is a fantastic way to multiply the money you already have without doing anything. Peer to peer lending means that you lend money to other people who don’t qualify for bank loans. In peer to peer lending, you act as the bank. You usually earn 5 to 10% interest without too much stress or effort. How cool is that?
Create YouTube Videos
I already mentioned how social media can impact your passive income online activity. YouTube is one of the most popular social media options that can help increase your passive income. You will receive money every time someone watches your videos. For instance, you can start with a how-to tutorial or you can share some funny videos with your pets. You would be amazed how easy it is to make money with YouTube if you produce popular videos.
If you are a creative person and you enjoy creating unique gifts for your family and friends, then why not be paid for your ideas? You can promote your design ideas on various specialized sites and receive money for them. For example, you can personalize some coffee mugs or phone cases and become one of the most popular designers in this area. What is even more interesting is that there is no upfront cost to you.
Sell Your Photos on Stock Photography Sites
Are you an enthusiastic fan of photography or talented photographer? If you make hundreds of photos every time you go on holiday or at an event, then you should consider your photos as one of the biggest passive income generators. And your photography passion as your passive income investment. You can sell your photos on stock photos sites and get paid a commission every time someone downloads them. So, next time you take a photo, think it can be a valuable asset that will help you make money.
Create Digital Products
Do you have a bit of computer know-how? Then you can use your knowledge and create some digital products to sell. For instance, you can create a digital planner, a template or an eBook that people will use in their day-to-day activities. And charge money for the more advanced products.
Create an App
If your passion is technology and enjoy spending many hours in front of the computer, then you can create an app. You don’t have to create something complicated. It is enough to create an app that helps people organize themselves and do things faster and easier. You will see how quickly your app will become successful and increase your revenues.
You can make good money by displaying ads on your blog. This is how you can earn money by displaying advertising:
· You can get paid if the reader does a specific action. For example, you post an ad where you ask your readers to click on it and register with a brand.
· You get paid per thousand of impressions. You will get paid by just displaying the ad on your page and you don’t depend on the number of people who click on it.
· You can choose Cost per Click advertising and get paid if the reader clicks on your ad.
Become an Instagram Influencer
Do you enjoy spending time on social media and communicating with your followers? Do you have thousands of followers on your Instagram account? Then you have found the perfect method to make money online. There are many companies willing to pay good money and looking for an influencer who can help promote their brands.
Earn Money from Freelance Writing
Writing can become a serious source of revenue when you are looking for extra income. If you have good research skills, writing skills, and are always curious to learn more, then you can become a successful writer. Moreover, you can get clients by creating an account on freelance platforms and start building your portfolio.
Create a Membership Site
Membership sites are great when you already have an established audience. You can create a membership site and offer your readers a forum or monthly video lessons that can help find the answers to and solve different problems.
Open an Etsy Shop
How do you spend your spare time? Are you a crafter or an artist? Then Etsy is the best place for you. Etsy is a fabulous platform where you can sell your handmade items. Don’t forget to consider the shipping costs when you sell your handmade products, but you will see that once you get started you will enjoy this method a lot.
Become an Online Coach
Do you have advanced expertise in a certain area and you want to help others by sharing it? Then you can successfully become an online coach. If you enjoy working with people, then you can sell your knowledge and change others’ lives, while earning more.
Become a Virtual Assistant
There are many busy entrepreneurs who are looking for some help from time to time. If you are an organized person, communicative and with decent online skills, then you can offer your services and become a virtual assistant. There are various services that you can do like admin support, data entry, bookkeeping, blog editing or social media admin.
Buy and Sell Domain Names
You can make a research and find which are the domain names people are interested in. There are some sites where you can buy and sell domain names and earn money by doing so. This can become a good source of income for anyone who is looking to make money online without too much effort.
Flip Things on Craigslist
If you think of Craigslist as a garage sale, then you will find plenty of things that you can flip here. You can always find many mispriced items for sale on Craigslist which you can then resell. So, you should better start searching and finding as many items as possible for your own profit.
Sell on creativemarket.com
If you enjoy creating digital items, then you shouldn’t keep them for yourself. You can sell them on creativemarket.com. There are 27k+ independent creators selling their work here. So, you will find many inspiring sources and start making money online using this option.
Make Money on What You Spend
Is it really possible? Yes! For example, eBates identifies where you do your online shopping. At the end of each month, they send you money back for those purchases. There are also other companies, like Ibotta, that give you money back if you scan the receipts from some specific stores. Give them a try and enjoy the extra money deposited into your bank account monthly.
Become an Amazon Reseller
You can take advantage of a great Amazon program that allows you shop for items which you will then resell. You can choose the products frequently bought by people and resell them at a higher price, while still remaining competitive. This is how you can easily make 10 to 20% profit.
In conclusion, you can use any of the above options to make money online for free. Choose to do something you really like and forget about the strict office schedule. You can create something that adds value to you and the people around you and you will see that the money will come. Stay determined and persistent and all the work will pay off in the end.