7 Smart Passive Income Ideas That Work in Real-Time
In today’s time, passive income is a great way to earn money online without being directly involved on the internet over a longer period. This means that you are making money even when you are not working that is, in times you are on vacation or taking a rest or just spending a happy time with your family.
If your answer to any one of the above questions is yes, then the best way to create a passive income source is through blogging only. Nowadays many people are doing blogging and you will be amazed that they have successfully created a source of passive income with blogging.
If you don’t still believe then you can cross-check the same thing on youtube. Just go to youtube and search for bloggers’ earnings, you will be surprised to see how much potential blogging has. As a blogger, I created my blog and worked on the blog for a couple of months, you don’t believe but after four months of hard work, I am making $400 per month, which is increasing continuously month by month.
Blogging is an art, if anyone wants to seriously start a blog and thinking of quitting his 9 to 5 job, then blogging wants firm dedication and lots of hardworking.
After I started my blog and doing blogging, my life has changed dramatically. Today chances are much higher for me to reach the stage of becoming financially independent. I spend almost 15-18 hours/month doing blogging.
AND THE BEST PART?
The best part nowadays is that hosting is very cheap, now even a school-going student can host a website and start earning. The only requirement is to buy a domain, get a hosting provider and that’s it. No other component is required for blogging.
Nowadays you can write blogs very easily with prebuilt themes, plugins, etc. But what all does it require? It just requires a lot of passion and hard work.
Starting a new blog is as easy as making a cup of coffee, but the chances of earning money through a blog are extremely high. There is no such limit on how much you can earn through blogging. Depending on the niche, content, and presentation to the users you can earn an unbelievable amount, frankly speaking, the sky is the limit for earning in blogging.
I want all my readers to just try for at least one time, you can go to Godaddy or Namecheap for buying domain after that go to blue host for hosting the blog.
If you feel like you are ready to start a blog, but no idea how to start, then I have created a step-by-step tutorial on how to start a blog with WordPress.
2) Make money for the tasks you are anyways doing
This is another good way of earning money online, but this is not a pure 100% passive income stream. In this way, you are going to complete some tasks which we have done in one way or another way and are already doing in our life.
Swagbucks is a search engine just like Google or Bing, but unlikely like Google, Swagbucks offers very good chances of earning points for either shopping online or testing products. Once you have accumulated enough points, you can get paid or you can claim a gift card. You can even redeem amazon gift cards in exchange for Swagbucks points. We need to just create an account on Swagbuck and just start earning https://www.swagbucks.com/p/register?rb=101149596
Rakuten is another site that provides a great way of earning passive income. You can join Rakuten here.
FlexOffer / iGain / ShareASale
These are some of the top websites contributing to the major criteria of earning money online. Through these websites some time I can earn more than $500 per month. They are just another affiliates program that partners with many of the companies to offer their affiliated products.
If you are a blogger and your niche is in the finance domain. Then you can find many good products for this domain on flex offers. I earn a good amount through flex offers only. You can join FlexOffers here.
ShareASale is another similar platform just like FlexOffers but it has somewhat fewer products as compared to FlexOffers. But the good part is that the products present in ShareASale have much better potential to perform well. The products are related to the blogging domain and that’s the best part of it. You can join ShareASale here.
You can join any one or all of these affiliate programs and promote the products listed on these websites. You can promote these products on niche-oriented blogs or through social media platforms. The chances of creating a passive income source from them are way much high.
3) Affiliate Marketing
There is another good way of creating a stream of passive income through affiliate marketing. You will be amazed to know that last month I earned almost $1000 from affiliate marketing only.
Frankly telling, most of the bloggers’ main source of income is through affiliate marketing only. Sarah is an example of such a blogger whose monthly income is more than $25000 from blogging which is just possible through affiliate marketing only. As time passed, I too learned the same technique to make money through lots of her articles on affiliate marketing.
4) Make an Email Sales Funnel
Sales funnel is a process of converting your audience from just readers to potential buyers of your product. The product may be or may not be yours. Sales funnel requires some techniques to convert your readers into buyers.
To accumulate the email list, you need to either way acquire the emails of the readers which can be possible by placing a good subscribe us form, or by providing some good freebies to the readers on sign up to your blog or website.
5) Rent out with Airbnb
This is another semi-passive way of earning money online. In recent times Airbnb is getting much popularity due to which some people are making even a full-time income out of it.
Do you own a spare room at home that you hardly use? If your answer is yes then you can become an Airbnb host and can generate some passive income through it. The idea of calling it semi-passive is because you have to take care of the maintenance of your space like cleaning, washing, etc.
6) Sell your professional photos online
You can sell you quality professional photos on websites like iStockPhoto or Shutter Stock.
Alternatively, if you have a larger collection of good photos then you can set up a website showcasing your photos and can sell them to the user at marginal prices. For good-quality photos, customers are ready to pay even $10-15.
7) Creating an Online Course in a potential niche
If you are a teacher and you have a passion to teach, then this point is for you. You can create an online course for the students which you can sell on either your website or can publish to other education portals. There are thousands of people already earning lots of money through their online courses.
The platform to publish your courses can be Teachable, udemy, etc. Once you have created a good online course then it will start paying you from the point you publish it to the world. You need not do anything after that.