Think of Websites as Online Passive Income Opportunities
Are you looking for Online Passive Income Opportunities? Or maybe you have already built your own websites but still haven’t been successful at turning them into passive income sources.
First, I need to warn you: be careful! There are lots of lies being told on the internet, trying to attract good people like yourself in order to rip off their money.
Stay with me and I’ll explain how to stay away from those traps and effectively build streams of passive income.
- Passive Income Definition
- What is the Difference between Passive and Nonpassive Income?
- Popular Online Passive Income Opportunities
- Website and Passive Income
- Careful with the Promises you Receive Online
- How to Build a Successful Online Business
Basically, Passive Income is when you receive income on a regular basis after putting minimum to no effort to generate it.
Sounds wonderful, doesn’t it? You can be sleeping or traveling and still be making money.
And that’s exactly why you and I are so interested in it, right?
Having a passive income source can well be the means for a retirement plan or a way to supplement one’s monthly budget or even a buy-your-own-home strategy.
It all depends on each ones’ objectives and their overall priorities in life. The fact is that in all cases, passive income is indeed an effective way of reaching goals.
Some examples are:
- Rental properties
- Partnership on a business that doesn’t require direct involvement
- Interest derived from a bank account or pension
- Royalties paid for books, music, computer software and patent
- Interest, dividends, capital gains from stocks, bonds etc
* Please note that there are differences from one country to another as to whether these are considered or not passive incomes. Refer to the official government agency to confirm the reality in your specific country.
>> Take a close look at those examples and consider the initial investment required for each one.
This really is a downside. Almost all of them require a substantial initial capital.
Good thing though that there are other options available, as you’ll see further down.
Nonpassive income – also known as active income – is the earning received from performing a service. A school teacher’s wage, for example, is a good example of active income.
The definitions are pretty clear by themselves. One (active income) is the direct result of a direct activity executed by a person. The other one (passive income) doesn’t involve any direct actions from the one receiving it.
Of course, you don’t have to choose between one or another.
In fact, most people who decide to benefit from Passive Income – at some point – hold both types.
I have a good friend that while he was working at his regular job started buying properties and putting them for rent. Eventually, he retired and the rental earnings became his main stream of income. The work he put on this activity was minimum so we can really count this as a successful Passive Income Story.
You probably also know someone like that or at least have heard of someone doing this.
This is totally possible to achieve even if you don’t want to buy properties or don’t have enough money for this kind of initial investment.
This is where the online world comes into play. As you know, the internet completely changed the way we do things in our day-to-day lives.
It’s more present than ever and this will just increase over the next years.
In 2016, roughly 8 out of 10 Americans shopped online (according to a survey conducted by the Pew Research Center).
A direct result of this is the increasing number of business opportunities that arise within the online world, including Passive Income ones.
Here are some good examples that we come across frequently. I’m sure that you – just like myself – will recognize most of them.
- Write an eBook and receive royalties.
This is a one-time effort since after you’re done writing the book you can let a site like Amazon take care of the sales.
You’ll then receive a percentage of royalties on the sales.
- Develop a Computer Sofware or Mobile App and receive royalties.
This one is for people with ideas that can solve other people’s problems. Even if they’re not tech savvy they partner with skilled professionals to develop the software.
If the idea is really good and the project well executed, this could lead to huge profits.
- Create an Online Course teaching one of your skills.
Sometimes we’re just so used to doing things with such ease that we don’t realize how hard it is to other people to perform the same things.
People who would love to learn that same skill and would actually pay for it.
Once the course is fully created the rest of the process can be automated and you’ll just “worry” about receiving your earnings.
- License your Photos.
If you have the ability to take pictures that stand out, you should consider the possibility of reaching out to a website like Shutterstock.
If your photos are approved, you’ll get royalties every time they’re bought by their clients.
You’re not going to get rich with it but it sure can supplement your monthly income with no extra work.
- Build a website and place Adsense ads on your blog and get paid for the clicks or impressions the ad gets.
Although this is very popular among bloggers, unless you have tons of visitors this is hardly going to get you a nice income.
If you do decide to go on with it, please make sure you don’t overuse it. Visitors tend to get feel overwhelmed when this happens and end up just leaving the website.
- Build a website, promote products through Affiliate Marketing links, and earn commissions.
There’s really no limit to your earnings in this category. And although there’s a lot of work involved at the beginning, you’ll soon start receiving income from content you wrote months ago. Read more HERE.
The beauty of building a website of your own is that it becomes a foundation to whatever path you want to take on the online world.
You can write quality content offering great value to your readers while promoting affiliate products, or selling your own ebooks, online courses, and apps. You can even make use of Adsense and make a few bucks from it.
Better than that. You can do all of the above!
You’ll soon have Multiple streams of passive income coming from only one website. Or 2, 3 websites. It’s up to you.
I think this is such a great idea that:
1) I decided to follow this path.
2) I want to spread the word and let other people know about it. I truly believe that this can be an income solution for anyone, from teenagers to stay-at-home parents, retired people and people that can’t stand the 9 to 5 work basis.
I came across this testimonial the other day and I thought it’s a great example of Online Passive Income.
What’s interesting to notice is that the writer, Cena, isn’t exactly English versed, he wrote:
Till today I still struggle with my grammar but who care! As long my article go live and traffic is coming that the most important.
His grammar may not be perfect but look at his results in 2017 from a blog post he had written in 2015: $10K.
Not bad, huh?
- You may need to learn the necessary skills
- It’s not a get rich overnight process (is there such a thing?)
- Work and dedication are necessary at the beginning
- The flexibility of Hours and Location
- Recurring Income
- No Boss
- Minimum Risk
- No Employees
- Huge Market
- Unlimited Products to Promote
- Multiple Streams of Income
- Necessary Skills can be easily Learned
- Low Initial and Operating Costs (do you remember I mentioned at the beginning that other passive income sources required high initial investment? This is a much better alternative.)
Read more about the benefits of an Online Business/Affiliate Marketing HERE.
I lot of people have already discovered that online businesses are not only promising but really effective. So much so that there are tons of offers online making unreal promises just to rip off naive people.
Be aware of anyone claiming that you’ll make, let’s say, $1,000.00 in 30 days if you follow their instructions.
The truth is no one can absolutely promise anything like that although it’s possible to make much more money than that with internet marketing.
The fact is that the results ultimately depend on your effort, clear understanding of the process, time and consistency.
Their Way of Persuading
These offers are usually wrapped on pictures of expensive cars, airplanes, homes, or dollar/euro bills.
It’s also common to see big dollar amounts typed on those images.
This is a typical image I created just for the purpose of making it clear. This is NOT a real offer from us or anyone else.
And please note that I’m not saying that ALL images that state large amounts of money or fancy cars are scams. No!
I’m just saying to be careful with them and check them out VERY carefully before giving them any money.
Building an Online Business has never been as easy as it is today.
YouTube Channels, Social Media pages, Web sites are all ways of doing it almost no initial investment. You really just need a camera (cell phone ones work fine for the early stages), a computer and internet.
If you follow my suggestion of building a website to be your business foundation, you can have one for free almost instantly nowadays.
It’s that easy.
The key secret here is the ‘HOW’. How to become successful at it.
And as in any other Passive Income opportunity, whether it is managing stocks or rental properties, you’ll always need to learn the right way.
The way I see it, the process is the following:
Choose an Interest >> Build a Website >> Attract Visitors >>
>> Earn Income
After a while, odds are that you’ll be earning income from content you created years ago and never touched again.
Pure Passive Income.
Your first step will be finding a reliable and effective source to learn from.
I can suggest you check out the platform where I learned from and plan to always be a member of, for two main reasons:
There’s always something new to learn in this ever-changing and innovative industry.
It’s a Complete Platform that not only offers training but also hosting, domains, website building, technical support and a 1.2M people community from all over the world, helping each other.
You can read a complete REVIEW of my #1 Choice of Internet Marketing Platform here and learn how it can help you build your next Online Passive Income.
I hope you enjoyed this article and found some good value in it.
Let me know your thoughts and doubts about Online Passive Income in Comments. I’ll be more than happy to connect with you.