Passive income is defined as the income that you regularly receive after putting in your time and effort on some tasks. This is the best income that you can ever have. In the beginning, it might require time and effort, but it will not take long for you to generate money 24/7, even during your sleep. Now, this is a luxury not afforded in other professions.
Listed below are 10 ways to generate passive income online. You can take one of the suggested methods and experiment with it.
1. Build Your Own Website
This is the first step. Build a website around a subject matter that you have intense interest There is a high chance that many people share your interest as well. This can bring you passive money in many different ways.
2. Join An Associate Program
There are a lot of these programs. Join them and advertise them on your website. The rule here is to find items that are related to your business. You make money when people buy something. It involves only little work on your part, because you will not be responsible to ship or deliver the goods to the customers.
3. Write Articles
There are sites where you can generate passive income by writing articles. Some examples are Bukisa, Helium, Hubpages and Ehow. In some of these sites, you will be paid an upfront payment when you first submit your article. Later when your articles become search engine friendly, that is real money that will come to you. Other sites pay by page view, so the more often your article is read, the higher your income will be.
4. Banner Advertising
This is ideal if your site has a good amount of traffic. You can offer to rent a space on your site for text link or banner ads. The more traffic that goes to your site, the higher people will place their ads on it.
5. Create Your Own Product
Write your own eBook, course, or audio which you can sell through your website. Ebooks are very popular now on the Internet, because people tend to read electronically. Just take the time to make researches on the subjects that are always searched for, and the rewards will not be far behind.
6. Create A Software
6. Create A Software
IF you have the talent to make things easier for people, say do something faster or how-to things, you can develop and create a software. It can be a complicated one, and it can also be simple. You will make money from this software for as long as it is needed by people.
7. Sell Your Drawings & Photos Online
If you can draw or shoot a good picture, you can post them on your website and other sites, and wait for these items to be purchased.
8. Referrals
You can be paid a commission for every referral that you make. Basically, you need to create a network of people here.
9. Create A Membership Site
To have a membership site, you should be able to provide the knowledge, support and resources, and you must be an expert in your field. Your income will come from a monthly fee paid by others to access your site.
10. Become A Reseller
Examples of this are domain name registration and web hosting. You pay the reseller a fee and you charge your customers the amount you want.
So, those are the 10 ways to generate passive income online. The trick with these suggestions is to create a good website add content, have a good amount of traffic, and do anyone of the above.
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