Passive income ideas online! In order to be able to make a passive income online.
First you need to know what is actually meant by passive income.
It gets thrown around all the time online that you can make passive income easy.
This can be true in some cases – but in the majority of cases its bollox!
Over the 4 years online I have heard people say that amazon FBA is a passive income…
WHO’s going to:
Source the product
Market the product
Keep the stock in amazon
Pack the product off to amazon
All these things will need to be done all the time, I only know this because I did amazon FBA a few years ago.
Passive income CAN be made in a number of different ways.
One way it cant be made is working a 9to5 and trading your time for money.
Although with any stream of income, weather it be recurring or passive, it will take some work to set up at the beginning.
With any income I have made over the 4 years online I has taken me a while to set it up from the beginning.
With each project I have set up, some make pennies and some make pounds, but all are growing over time.
Here are some ideas for you, with each one I will give it a score on
How much upfront work it will take
How difficult it is to make $100 a month passive income
Will it be easy it is to maintain the passive income
You can invest in stocks.
This may seem complicated at the start. But if you do some research into a stock you want to invest in and how much dividends they will pay you – this can create a passive income. To be able to make a good amount of income from stocks. You will need to be able to invest a lot of money.
So stocks is very easy to set up to begin with.
To be able to make $100 a month you will need a big investment
To maintain the income, its simple – just keep holding the stocks.
Thousands of people are making passive income with a YouTube channel.
Is YouTube a lot of work? It is indeed. Its not a matter of making a video and you get 1000 likes overnight. Any likes on some occasions.
But the more work you put in, the more passive income you can make.
The more videos you make on YouTube the more money you can make over time.
The initial work to start a YouTube channel is a lot of work, especially to be able to qualify for monetization.
But once you hit those targets its very easy to make more then $100 a month in passive income.
Then to maintain that passive income, continue to grow the channel just by doing what you have already done.
Affiliate marketing has to be one of the most simple business models out there.
Many people create website marketing using affiliate marketing. To eventually create a passive income overtime.
With an existing audience, incorporating affiliate marketing into the mix becomes a lot easier.
Affiliate marketing is where you recommend a persons or company’s product in exchange for a commission.
This is why there is so many review websites out there filled with affiliate links to different products.
Even though you may not be aware of it, but every major company has an affiliate program.
Where they use affiliate markets to create campaigns for them and pay them a commission on each sale.
This works well for affiliate marketers and the company, maybe why its so popular online.
The amount of work required to get set up with affiliate marketing depends on your current position.
Do you have an audience or a following?
If not, I recommend taking some training first on affiliate marketing works.