Monday, April 28, 2014

6 Passive Income Ideas to Help You Make Money Online

What is Passive Income?

Passive income is money you earn even when you’re not actively working. This type of revenue keeps coming in, even when you’re sleep? Generally speaking, there is work involved. However, once the work is complete on a specific passive income project, you can usually just sit back and allowed the revenue to flow.

6 Tips to Create Passive Income for Yourself

Here are six different types of passive income sources, also known as residual income, to help you make more money online:

1. Affiliate Marketing

If there’s a product or service you use regularly that you know your blog audience will love, become an affiliate of that solution. Becoming an affiliate allows you to make commissions from sales generated from your site. Just publish the affiliate link or code, and your work is done.
 

2. Pay-Per-Click Ads

When you allow pay-per-click ads to be shown on your blog, you get paid each time someone clicks on the ads. Even if they don’t actually buy anything, you still get paid. Now, how’s that for passive income?

3. Selling Ad Space on Your Site

Have a website or blog that gets some pretty good traffic? Other businesses will be willing to pay you to place their ads on your site to take advantage of that traffic. You know how TV commercials are priced depending on the popularity of the shows before, during and after the ads? Well, you can price your ads based on the popularity of your site, as well.

4. E-book Publishing

As an eBook editor, author and publisher, this is one of my favorite forms of residual income. The more I publish eBooks, the more passive income I earn over time. Not a writer? You can still become a successful eBook publisher.

Want to learn How to Publish eBooks from someone who’s made millions doing self-publishing?

5. Teach a Webinar Course


If you’re an industry leader, others within your field want to learn from you. Why not give them what they want, and charge for it? Create a webinar course teaching others about valuable things to know in your industry. Then, sell access to the live webinar, as well as taped versions of the webinar course. If what you have to teach is valuable to your market, the course will sell itself over and over again, for years to come.





Instructional Design for ELearning: Essential guide to creating successful eLearning courses



6. Premium Membership Sites

Have access to industry secrets and information too lucrative to give away? Then, sell access to it instead. Turn your website into an exclusive membership site. Give paid members access to premium content, such as webinars, whitepapers, as well as communities and forums for networking with other industry professionals.

Money Making Membership Sites: Getting Started Creating A Cash-Sucking Website

Passive Income is Supplementary Income

I’m not telling you to quit your job or stop putting in hard work to make your business successful. What I’m telling you is that there are things you can do to supplement your income without creating extra work for yourself. Use these six passive income ideas to do just that.

Do you currently have any sources of passive income?



Author Bio

This content was written by Kiesha Joseph, an online public relations manager with Content Marketing Geek. Need high-quality content, off-page and on-page SEO services, articles, press releases or blog posts? Visit Content Marketing Geek to get started getting more traffic to your website or blog today.
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