Passive income is a concept in which you build a source of income to continuously earn you money even while sleeping. The following are some of the best passive income ways to earn you money online.
This is a great technique of earning commission from promoting other people’s or companies products. Every time you make a complete sale , you will get paid with a perentage of the amount of the sale. Several options are available when it comes to joining an affiliate network such as clickbank and amazon as the most popular.
Start a Blog
Building a blog is a very easy and highly recommended way to create a constant source of passive income. The idea is to use your blog to offer a solution by creating quality content that helps many people. With time, your site will be getting more traffic, whether you put in additional work or not.
Create a Youtube Channel
YouTube is one of the most powerful platforms to make good money by creating entertaining, informative and engaging videos of any topic you may be interested in – politics sports, music, technology, business, tutorials, reviews – basically anything you want. The money that you earn from YouTube comes from ads attached by Google AdSense. When your audience click on the ads, AdSense will pay you a commission. As a benchmark, you can expect to make around $1.50/1000 views. This means that one million views = $1500
Write an ebook
Writing an ebook can be a big task at the beginning, but once you promote it, it can provide you a passive income stream for years. You can write them yourself, employ writers, use public domain content, and create your ebooks from many sources. Before you start, it’s worth thinking about the type of book you want to write. Tutorials and guides work well because people can learn from them. You can sell your ebook on your own website or going the amazon kindle publishing way.
Create an Online Guide/Tutoring
If you have excellent knowledge, qualification and experience on a specific subject, try creating an online guide or teaching online. You can build a whole website for your guide and make money through advertisements, affiliate marketing methods, and memberships for your online guide.
Sell Photos Online
If you have a passion in photography, websites like Shutterstock can provide platforms to sell your photos. With this you may earn a percentage of each one of your photos that is sold to a client. A single photo can represent a residual income, as it can be sold again and again.