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Chapter 1: Passive Income – Best Ways to Earn it
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.
Chapter 2: Quick and Easy Ways to Make Money Online
Are you looking for a way to earn money online? With the right ‘gig’ you can earn a full time income and get out of the 9 to 5 rat race.
Here are 5 ways to make money online quickly and without a lot of effort.
#1 Transcribe Audio – Finally, more websites are beginning to offer written transcriptions for those that are hearing impaired, which makes that transcriber’s job in demand. While it doesn’t always pay a lot, it also doesn’t require a lot of work or a commitment from you. Check sites like Elance or Guru for these types of jobs.
#2 Participate in Online Surveys – You won’t get rich on this, but they also don’t take much time and you can create a little extra cash flow for yourself.
#3 Edit Audio – If you are familiar with sound editing software there is a job opportunity waiting for you cleaning up online interviews, webinars, webcasts, etc. Visit employment sites like ODesk or Elance.
#4 Enter Contests – Whether you are a writer or a photographer, whether you design logos or create backgrounds, there’s are tons of contests running looking for the best ‘product.’
You don’t get paid unless you win so you will need to enter as many contests as you can find in your niche. Success is often minimal, but it only takes one big win and you’ll be very happy.
#5 Flip Domain Names – Domain names are as valuable as real estate. Well, actually, they are online real estate. Some people have figured out a way to make a very nice income buying and selling domain names.
Use Google Adwords to find trending keywords and then use that information to choose domains to flip. Short, straightforward domains are pretty must all bought, so you will likely have to settle for acronyms, initials, the use of dashes, etc. Be creative when you are trying to buy domain names.
Even if the main keyword isn’t available you can work off of that keyword and incorporate it with other words.
Making a living quickly and easy by making the right choices. With so many opportunities online it can be difficult to determine what’s the right way. Part of it depends on how much time you have available to you and where your interests lie. One thing is for certain, there are tons of legitimate ways to make money online, so why not start today?
Chapter 3: Make Money from Writing Online
A quick search and you will discover there are many ways for you to make a living online. If you like to write there is a complete world that opens up for you.
There is such a demand for writing, editing and proofreading that if you are at all any good you should not have any trouble finding projects.
There are many places to find writing assignments online. Sites like Guru.com, Elance.com, oDesk.com demandstudios.com and associatedcontent.com are all options.
The first three, Guru, Elance and oDesk are setup in a manner where you bid on writing projects that are posted by clients with a need.
Your fees vary as do the commissions, so compare and choose which setup seems to be right for you. Elance has the lowest monthly fee, which is rather appealing and oDesk seems to be the most difficult to work on.
Associated Content and Demand Studios offer a different way of writing. They hire experienced freelance writers and editors. Demand Studios pays between $15 to $100 per assignment.
An added bonus is that you could be eligible for health insurance if you meet activity requirements and tenure. Associate Content offers three ways for you to make money.
You can get paid upfront anywhere from $2 to $15 per article, you can earn performance payments of $1.50/1000 page views or you can be assigned articles and get paid from $10 to $100 per article.
At Associated Content there are three ways to earn money: Upfront payments for content you write ($2 to $15 per article), assigned articles ($10 to $100 per article) and performance payments ($1.50 for every 1,000 page views of your article if it’s posted online).
Editing jobs and proofreading jobs are also readily available, especially on Elance and Guru.
Again, you bid and then wait for the vendor to make their decision and pick a provider.
You might consider writing an e-book and marketing it through one of the many self publishers, which includes Amazon, which is an excellent way to make a steady stream of passive income.