November 25, 2017
Do you want to earn more money while studying or while doing 9 to 5 job regularly or do you want to work from home? Choice is your.
There's a saying in the corporate world: "Don't make yourself irreplaceable. If you can't be replaced, you can't be promoted." As an entrepreneur, this is still true in its own way.
What is passive income?
Passive income includes regular earnings from a source other than an employer or contractor. The IRS says passive income can come from just 2 sources: rental income or a business in which an individual does not actively participate. Examples include book royalties and dividend-paying stocks.
It’s easy to think as passive income as money you earn while sitting in home or on beach or chilling with friends or doing anything.
HOW TO DO EARN PASSIVE INCOME?
10 effective Ways to earn passive money.
1. Try out index funds.
Index funds provide you with a way to invest in the stock market that is completely passive. For example, if you invest money in an index fund that is based on the S&P 500 Index, you will be invested in the general market, without having to concern yourself with choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies.
2. Make YouTube videos.
Mostly youth earn passive money from Youtube. This venture that is growing rapidly. You can create videos in just about any area that you like — music, tutorials, opinions, comedy, movie reviews — anything you want . . . then put them on YouTube. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads. When viewers click on those ads, you will earn money from AdSense. The keys will be to create compelling videos, to promote those videos on social media websites, and to create enough of them that your income will be coming from multiple sources. There's a good bit of work that goes into creating videos, but once a video is done it can become a completely passive cash flow source for a very long time.
3. Try affiliate marketing and make sales.
This is a passive income technique that is better suited to people who have blogs and active websites. You can sign up to promote certain products or services on your site, for which you will be paid either a flat fee or a percentage of the amount of the sale completed.This isn't as hard to do as you might think, since there are thousands of companies in the world who want to sell their products in as many places as they can.
What is Affiliate Marketing?
Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts
Affiliate marketing is probably one of the quickest and cheapest ways to start making money online as you don’t have to create any products yourself.
How Does Affiliate Marketing Work?
When you join an Affiliate program and choose the products that you want to sell, sellers provide you with a unique affiliate code that you can use to refer traffic to the target site. Most affiliate programs will offer ready made text links, banners and other forms of creative copies whereby you only have to copy the code and place it on your website to start referring traffic. When interested visitors click on these links from your site they get redirected to the product site and if they purchase a product or subscribe to a service you as the referrer make a commission.
Different affiliate programs can use different payment terms such as:
Different affiliate programs can use different payment terms such as:
- Pay per Sale: In this program a merchant pays you a percentage of the sale price when the purchase is completed.
- Pay per Click: In this program you get paid based on the number of visitors you redirect to the Merchant’s website from your affiliate site, whether or not a sale is made.
- Pay per Lead: You get paid once the referred visitors provide their contact information on the target site by filling out a simple contact form.
4. Put your photography to work on the web.
Do you like photography? If you do, you may be able to convert it into a huge passive income source. Photography websites such as Shutterstock and iStockphoto etc. can provide you with platforms to sell your photos. They may offer either a percentage or a flat fee of each photo that is sold to a site client.In this way, a single photo could represent a cash flow source since it can be sold again and again. You simply need to create your photo portfolio, put it on one or more photo platforms, and then the activity becomes completely passive. All the technicalities of the photo sales are handled through the web platform.
Do you like photography? If you do, you may be able to convert it into a huge passive income source. Photography websites such as Shutterstock and iStockphoto etc. can provide you with platforms to sell your photos. They may offer either a percentage or a flat fee of each photo that is sold to a site client.In this way, a single photo could represent a cash flow source since it can be sold again and again. You simply need to create your photo portfolio, put it on one or more photo platforms, and then the activity becomes completely passive. All the technicalities of the photo sales are handled through the web platform.
5. Purchase high dividend stocks.
By building a portfolio of high dividend stocks, you can create regular passive income at an annual rate that is much higher than what you get on bank investments.Just as important, since high dividend stocks are stocks, there is always the potential for capital appreciation.In that way, you can earn passive income from two sources — dividends and capital gains.
By building a portfolio of high dividend stocks, you can create regular passive income at an annual rate that is much higher than what you get on bank investments.Just as important, since high dividend stocks are stocks, there is always the potential for capital appreciation.In that way, you can earn passive income from two sources — dividends and capital gains.
6. Write an E book.
Writing eBooks has become quite common, but how to write an eBook isn’t so straightforward. By the end of this guide, you will have a solid understanding of the steps it takes to write and publish your own eBook. This can be a lot of work upfront, but once the eBook is created and marketed it can provide you with a passive revenue stream for years. You can either sell the eBook on your own website or offer it as an affiliate arrangement with other websites that provide content related to your eBook.
7. Sell your own products on the internet.
Need ideas for what to sell online? No matter what industry you pick, there are really only two kinds of products to sell: commoditized and niche products.
First, there’s what we call commoditized products. These are the products everybody needs. Commoditized products are the most popular products sold online. Think of anything you buy at Walmart or Amazon that has a big brand behind it — food, golf clubs, clothes, kids toys, etc. Now think of the brands — Heinz, Callaway, Levi, Fisher-Price.
Niche products are goods or services that serve a specific segment of customers. In many instances, these are unique and one-of-a-kind, handmade products, making them some of the most popular items bought online. Niche products are often made in small batch runs or on demand. Think of a unique beaded necklace, hand-made frozen yogurt or leather iPad cases.
Many brands sell a combination of commoditized products and unique, niche products. Take a look at Spearmint Love, for instance. This site aggregates baby clothes from across the web (commoditized), as well as offers a few unique products of their own.
Offering only commoditized items, especially if those items are brand name or already sold on major marketplaces like Amazon or Walmart, will make it extremely difficult to be successful. Amazon and Walmart can buy items in large quantities, lowering the price of the product. Your startup likely won’t be able to compete.
However, if you can offer unique products alongside commoditized ones (think of using Etsy Wholesale or reaching out to makers on Instagram) and build a great brand experience along the way, you are setting yourself up for success.
8. Write a blog
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.How to write a blog and publish a blog.
- Choose a blogging platform.
- Register a domain name and hosting.
- Design your blog.
- Add posts and pages.
- Start growing your blog.
The goal of this page is to help you get started the right way. From years of coaching and helping people with their blogs, I’ve found that many people make mistakes when starting a blog, sometimes resulting in them abandoning the project altogether
9. Create an online course
You can create your online courses and sell on many platforms like Teachable, Udemy, Skillshare, Learnword, etc. through this you can earn a lot of dollars within a month . Now a day the number of online course platform is rapidly grow very fast.
Through this platform you can share the knowledge with others and also earn the money. It is not very easy for that who doesn't have interest about teaching. At last i would recommend to those who want their share knowledge with other.
You can create your online courses and sell on many platforms like Teachable, Udemy, Skillshare, Learnword, etc. through this you can earn a lot of dollars within a month . Now a day the number of online course platform is rapidly grow very fast.
Through this platform you can share the knowledge with others and also earn the money. It is not very easy for that who doesn't have interest about teaching. At last i would recommend to those who want their share knowledge with other.
10. Freelancing.
Freelancing is the one of the best way to earn the passive money.
Freelancing is the one of the best way to earn the passive money.
What is freelancing?
A freelancer or freelance worker is a term commonly used for a person who is self-employed and is not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work.
In freelancing there are many option to get in that professional and work for other and earn money. Freelancing is predominant include: music, writing, acting, computer programming, web design, translating and illustrating, film and video production, and other forms of piece work which some cultural theorists consider as central to the cognitive-cultural economy
Freelancers have a variety of reasons for freelancing, the perceived benefits differ by gender, industry, and lifestyle. For instance, the 2012 Freelance Industry Report reported that men and women freelance for different reasons. Female survey respondents indicated that they prefer the scheduling freedom and flexibility that freelancing offers, while male survey respondents indicated they freelance to follow or pursue personal passions. Freelancing also enables people to obtain higher levels of employment in isolated communities.
Freelancing is also taken up by workers who have been laid-off, who cannot find full-time employment, or for those industries such as journalism which are relying increasingly on contingent labor rather than full-time staff. Freelancers also consist of students trying to make ends meet during the semester. In interviews and on blogs about freelancing, freelancers list choice and flexibility as a benefit.
Drawbacks
Freelancers often earn less than their employed counterparts. While most freelancers have at least ten years of experience prior to working independently, experienced freelancers do not always earn an income equal to that of full-time employment. Feedback from members suggests that web portals such as Freelancer.com tend to attract low paying clients that, although demanding very high standards, pay ~$10 per hour or less. Low-cost suppliers frequently offer to work at rates as low as $1–$2 per hour. Because most projects require bidding, professionals will not bid because they refuse to work at such rates. This has the effect of reducing the overall quality of the services provided.
Working from home is often cited as an attractive feature of freelancing, yet research suggests working from home introduces new sets of constraints for the process of doing work, particularly for married women with families, who continue to bear the brunt of household chores and child care despite increases in their paid work time. For instance, three years of ethnographic research about teleworkers in Australia conducted by Melissa Gregg, a Principal Engineer and Researcher in Residence for the Intel Science and Technology Center for Social Computing at UC Irvine, raises concerns over how both physical isolation and continuous access enabled with networked digital media puts pressure on homeworkers to demonstrate their commitments through continual responses by email and to conceal their family or home life.
