Creating a passive income is everyone’s dream. You’ll be able to do minimum work while raking in new profits every single day. There are many ways to create a passive, including by investing in stocks and by renting out an apartment. However, it’s never been easier to create a passive income these days. The internet has so many business opportunities — here are three ways of earning passive income online.
Create a Blog
Creating a blog is a good way to make passive income. Whether you’re monetizing your site with Google Adsense, paid advertising or affiliate marketing offers, you can make money every single day. Of course, you’re going to have to work hard to build up your traffic sources. But once you do have traffic coming in, you can sit back and just watch the money roll in.
Of course, blogging isn’t totally passive. You still have to create new blog posts every once in a while and take care of other small stuff. But you will have a lot more freedom than you ever had.
Sell an Ebook
Selling an ebook on Amazon is another great way to make passive income online. Of course, you can sell an ebook anywhere, including on your own website. But if you sell on Amazon, you’re going to have a lot less work to do. You won’t have to deal directly with customers and refunds or set up a site.
If you write a good book and it sells well, it will continue to sell well and make money every day. If your book gets good reviews and starts showing up in Amazon searches, you don’t even have to do any marketing in order to make sales. It’s real passive income. And the best part is that you don’t have to be a writer yourself; you can always hire a good freelancer to do it for you.
Set Up an Email List
An email list is when you give away a free ebook or course, but people who want to download the ebook have to enter their email address. Then, every few days, you send them emails with tips and advice, but you also promote affiliate offers in your emails. You can set up the entire thing so that it’s automated, which is known as an autoresponder. Everyone who signs up to your email list will get the same emails in the same order.
The reason why this is so good is because you can get one person to buy many different affiliate products from you. Unlike a blog where people visit only once, these people will get your emails every week. The best affiliate products to promote are Clickbank products, because you get 50 or 75 percent of the sale, as opposed to Amazon products, where you get 4 to 10 percent.
You can give away your ebook on a special signup page. To get traffic to your page, set up an advertising campaign on Bing or Facebook. Let’s say you spend 50 cents for every signup and earn $1 on average for each subscriber. You’re earning 50 cents profit for each subscriber. Once you have your campaign set up, you can just sit back, because your ads will run on autopilot and your autoresponder will do all the work for you. This is probably the best way to earn passive income from Clickbank.