There are many ways to generate income online and a passive income is one of those ways. Being able to generate a passive income takes a special skill. Your audience can be fickle. If they feel you are more concerned about the money than them, you will fail. Your intent needs to be about helping others.
Initially you are going to need to put in a lot of time. It’s hard work to get a passive income flow going and to build that success. It doesn’t come overnight, although many would like you to believe this. Just because you have your product it doesn’t mean you can sit back and relax. There really isn’t a 100% passive income, because you always have to be managing what you are doing. You need to build automation, but to do that you first have to create trust with your followers or audience. That’s where initially you have a lot of time invested, which will decrease, but you will always be involved.
You will need to find a market that works for you. You will need to find a niche market that you can help based on your experience and passion. How well you serve your audience will dictate what your earnings are. Don’t just pick a niche because it’s currently ‘hot.’ You are going to need to continue to build, write articles, and market that product and new products that fit under that initial niche for years to come, so make sure it’s a niche you can handle, otherwise you will not enjoy success. Instead, try to fill a gap in the market in the niche that interests you.
You will need to build a platform so that you can start to share your product. This could be YouTube, it could be a blog or whatever other market interests you. You don’t have to reach everyone. That’s a waste of effort. Instead, focus on reaching the audience that would be interested in what you have to offer.
Determine which products are going to serve you best and then offer your audience value. In fact, offering them something of value for free helps to establish trust and interest so that they are far more likely to buy whatever else it is you have to offer. They now know you have expertise in your niche and something that’s worth listening to so they are ready to pay.
As your passive income builds and you become comfortable in your business, make sure that the profit never becomes your main motivation, because when it does you set yourself up for failure.
How to Generate a Real Income Online
Every time we jump onto the internet you hear all the get rich schemes, calling to you. “Make a million your first year.” “Work an hour a day and earn $30,000 a month.” Trouble is people are still falling for these schemes. Yes, you can make a good solid living online and yes, you can be an e-preneur, but you must be willing to work hard and put in the time. There is no free ride to making money online. Let’s look at some legit ways to make a real income online.
#1 Sell on Ebay or Etsy
There are many people that make a full time income selling stuff on e-Bay or Etsy. Whether you want to sell your vintage clothing, cool new jewelry or anything else, one of these venues could be right for you.
#2 Teach Online
If you like to teach but would rather do it from your home, you could think about teaching for one of the online schools. There are a number of opportunities online. Take the time to explore the online schools and find a good fit for you. There are books and reports available to help you get setup to teach online.
#3 Videos and Webinars
The internet provides a terrific opportunity to teach viewers about all kinds of things from how to knit to how to train your dog, and everything in between. You can create a video or webinar to help those interested and you can charge for these. It’s a far more lucrative service than print material is and it’s also still very untapped so the opportunity is there.
#4 Create/Sell Products Online
This ties in with #1. Look at your own creative talents and what you can do and then take advantage of them creating a product you can sell. You can sell crafts, jewelry and vintage items on Etsy. You can use other sites to handle printing needs or to sell your photos. There are plenty of options for selling depending on the product you have for sale.
#5 Provide Writing or Content Services
If you like to write and you feel you are good at it, you can offer those writing skills to others. You can find work as a technical writer, content writer, editor, proofreader, and the list goes on. Sign up at one of the many sites that provide a way for writers and clients to connect and start selling your services.
There are 5 ways for you to make a real income online. Pick one and start becoming an e-preneur.
7 Ways to Make Money Online
Making money online is a reality for thousands upon thousands of individuals. Now you too can make money online. Here are 7 ways you can do just that.
1. Social networking
Social networking has become very popular and many businesses are recognizing the value of making sure they have a solid social networking program in place. They will pay people to manage their social media and make regular posts.
2. CPA marketing
Cost Per Action or CPA marketing is much easier to make money on than affiliate marketing. As long as the person clicks the link and goes to the merchant’s site and carries out the action required, such as signing up for the newsletter, you will earn your commission. Most times there is no need to generate a sale in order to earn commission. What makes CPA marketing so lucrative is the at no money has to be spent for you to earn money and that makes it very attractive.
3. Sell your art or craft online
If you create stunning works of art or you love to craft you can sell your wares on sites like Etsy where you set your price, or Ebay where you auction off your items or set a fixed price. There are tons of other sites so find the niche for your product.
4. Drop ship
There are tons of online sites that allow you to create a free storefront and be a drop shipper. You don’t have to do anything but get the customer. The rest is taken care of by the provider.
5. Money exchangers
Convert online money through money exchangers. They take a fairly big cut when converting currencies. You need to have a store front, you get to invest money, and you can do it all online with little hassle. A simple website, and you can start making money making conversions.
6. Job referrer
Unemployment numbers are staggering and it has never been more difficult to find a job. So here’s a job opportunity for a few that want to make their living online. Sites like Referearns or WiseStepp will pay you for referring new employees. Refer the right person and earn up to $1000. Wow!
7. Blog commenting
For a blog to rank well there needs to be comments and interaction. Bloggers are busy creating blogs so they will often hire a person to comment on their blog and generate good conversation that leads to sales.
Out of 7 different ways to earn money online, one is bound to catch your interest.
How to Make Money With Online Content
Online content offers a great way to make money, to earn an income online. Let’s look at a few of the top ways to do that.
#1 Freelance Designing
As a freelance designer your income potential is good. Create a website for yourself that showcases your portfolio. Find work online in the classifieds and begin to build your profile. It will take you some time to get established, but it is well worth it as there is a lucrative income awaiting you.
#2 Sell Your Music
You can sell your music directly from your own website. Radiohead did it a few years ago and raked in tons of money just by asking for donations. It made news headlines. As an independent you can do this. Many are now. You don’t need a middleman and you don’t need a big label to sell your music.
#3 Sell Stock Photos
If photography is your hobby this is an excellent way to make money from it. People constantly are searching for stock photos by keyword, so find your best photos, upload them to a site like ShutterStock or Fotolia and start making money. It isn’t a lot per sale, but if you have enough photos up there you can build a nice side income that will surely come in handy.
#4 Sell Your Articles
Websites, marketers, small businesses – they all need top notch content that integrates their keywords so that they can drive traffic to their site. Initially you won’t make much, but as you build a reputation you can start to charge more for your services. You can even submit your work to a few formal publications.
#5 Sell an App
The apps marketplace includes millions upon millions of users and so $1 or so per sale can generate a lot of money, if it’s an app that there is demand for. If you have a really good idea, but you aren’t a programmer it might pay to hire a programmer. Just make sure that you retain all rights. Also make sure the idea isn’t already out there or it could make it much harder for you to make money. A good app can make you rich, pretty darn quick, so if you think you can fill a niche and you don’t see a solution on the market that fills that niche the way your app would, then go with it and don’t miss your opportunity.
How You Can Make Money With Online Sales
Are you ready to generate some extra income, perhaps even give up your day job and become an e-preneur. If you answered yes, chances are you are hunting for ways to make money online. There’s tons of scams so you need to be careful. There’s also tons of legitimate ideas that are either already flooded in the market or just don’t generate enough revenue to make it worth your time, so make sure you do your research. One thing that always seems to work is online sales. With the right product you can make money, with a really good product you can make tons of money and of course, with the wrong product you’ll make very little money, so make sure you do your groundwork before you jump in.
It starts by finding the product or service you are going to sell. Do your market research. Learn what’s in demand right now, see if the market has room for a new competitor and then consider how you can make yourself stand out from your competition.
Some entrepreneurs set up an online store to help expand a business that has a physical location. This way you can generate an increase in revenue. If you aren’t website design savvy, you can always hire someone to do it for you, or choose the services of one of the sites that is designed to allow anyone to design a website with absolutely no experience needed. However, you don’t have to have a physical store, you can run your online store as its own entity and have no physical location at all. Your stock can be stored in your home or if you are offering a digital service your stock is on your computer. You can make a full time living selling the right product online.
You can also create a virtual store. An online store and a virtual store are different. A virtual store sells virtual items, often from within online games and they make ‘cold hard cash.’ You create an avatar, set up shop and do business with other players. You can even advertise your real business if you like. It begins by finding a game that allows this type of store and then pay the fee to set it up. Once you are in, you have a lot of people within your reach from different locations and age groups. MMORPGS or massive, multiplayer online role playing games are a great place to set up this type of store.
If you are good at sales, like the environment related to selling, why not try your hand with an online store or virtual store.
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