Most people "enjoy" a linear type of income meaning that they trade their time for dollars. That is okay in the beginning but it is much better to have money working for you. Keep reading to learn how to make passive income.
To me, the best way to accomplish this goal is by using the internet. It has a lower barrier to entry than real estate and a shorter learning curve than trading stocks.
I will now list a few ways you can accomplish this:
Blogging
A few years back it was a lot harder to set up a blog than it is today. Now it is just a matter of installing it once and you are good to go. If you are a non techie you can always get someone to help you out.
Once you are set up it is just a matter of logging in and sharing your passions. You can blog about a specific hobby or perhaps a certain cause that you believe in.
After awhile you will start attracting visitors to your blog. They may come through search engines, other links, and even word of mouth.
You can then recommend products and services through an affiliate program related to the niche you are blogging about. You can also place ads on your site and earn revenue that way.
If you are consistent your blog will eventually take on a life of its own. You can then offer a spot for guests to post articles too limiting the amount of work you put in. If you really want to know how to make passive income, this is a great way to do it.
Niche Marketing
You can research smaller topics and make mini sites dedicated to each topic. You then optimize them for the search engines and you will start getting a good amount of targeted visitors.
The secret is not to pick a topic that is too broad but not something too small either. This is where the Google Keyword Tool comes in handy.
Find keywords with at least 3,000 global searches and 20,000 or less in competition (using quotation marks). It might take a little while to find keywords like this but trust me, it works!
You then purchase a domain name and set up a simple 5 page site with your keyword phrase in each article title. Make sure they are all closely related.
To me, the best way to accomplish this goal is by using the internet. It has a lower barrier to entry than real estate and a shorter learning curve than trading stocks.
I will now list a few ways you can accomplish this:
Blogging
A few years back it was a lot harder to set up a blog than it is today. Now it is just a matter of installing it once and you are good to go. If you are a non techie you can always get someone to help you out.
Once you are set up it is just a matter of logging in and sharing your passions. You can blog about a specific hobby or perhaps a certain cause that you believe in.
After awhile you will start attracting visitors to your blog. They may come through search engines, other links, and even word of mouth.
You can then recommend products and services through an affiliate program related to the niche you are blogging about. You can also place ads on your site and earn revenue that way.
If you are consistent your blog will eventually take on a life of its own. You can then offer a spot for guests to post articles too limiting the amount of work you put in. If you really want to know how to make passive income, this is a great way to do it.
Niche Marketing
You can research smaller topics and make mini sites dedicated to each topic. You then optimize them for the search engines and you will start getting a good amount of targeted visitors.
The secret is not to pick a topic that is too broad but not something too small either. This is where the Google Keyword Tool comes in handy.
Find keywords with at least 3,000 global searches and 20,000 or less in competition (using quotation marks). It might take a little while to find keywords like this but trust me, it works!
You then purchase a domain name and set up a simple 5 page site with your keyword phrase in each article title. Make sure they are all closely related.
