6 Easy Ways to Earn Passive Income Online
It is something everyone wants. Since the evolution of the internet, passive income online has been a dream. Books, tutorials, blogs and products have been built around the idea of creating success through efforts put forth on the internet. Is it possible? Sure. Is it easy? No. A lot of people say that anyone can earn passive income online. I don't believe it is everyone's dream. If you want to make a whole lot of money, it probably isn't for you. There is so much effort put in to just make enough money to survive that it isn't for the average individual. Passive income online won't get you the big house with the white picket fence. It will help you pay some bills, but that is about it. You see reports of people making tens of thousands of dollars online every month. Whether or not that is a scam or a lie I do not know. What I do know is that if you are really dedicated, you can live a simple life off of the passive income you make online. Here is a way to get started. Good luck!
1. Revenue Shared Writing
Revenue shared writing is where you earn a share of revenue based on advertising that is put on your publications. The more articles you write, the more ads that are placed and the more potential profit you can make. Websites like HubPages, InfoBarell, Squidoo and SleekyT are good examples of revenue share websites. If you write 100 articles, averaging about 50 cents per article every month, you can make 50 dollars a month passively off your writing. 100 articles might seem like a lot, but once you write them once, they work for you forever. It would be nice to have an extra 50 dollars a month and not have to work for it later down the road. Combined with other forms of passive income it can definitely support a very minimalist form of life. If you were to live in Thailand, where you can live off of 500 dollars a month, 50 dollars a month will be a significant chunk of that required revenue. It is definitely a good place to start when creating passive income. HubPages is probably the most user friendly of the 4 that I posted above. I know that I started here and that it is still working for me. It will start at a few cents a day, then if you work hard you will get dollars a day without effort!
Sign up for HubPages and start earning today!
2. Commission From Design
Are you a designer? A graphic designer? Even an artist? Do you want to make money from your art? Well it really isn't that hard, if you are willing to work for it. Websites like Zazzle and CafePress allow you to take your designs and put them on all types of media. Whether that be T-shirts, mugs, mouse pads, shoes, stickers, stamps, or anything, you can make a commission of of each sale you make on them. There are really only 2 things you need to know about making money in this business. You have to have good and timely designs, and that it is a numbers game. A really good artist might make 50 dollars a month off of 10 designs, where a mediocre artist can make 50 dollars off of 100 designs. Using this math, a good artist could make 500 dollars off of 100 designs. The more designs you have, the more people are going to see them and the better chance that you are going to get a sale. Setting up a store is pretty easy and what I really love about these websites are that you can put the same design on multiple objects with a single click of a button. If you already have a whole bunch of designs, then you have a good head start, if not then you better get started!
Make Money Online as a Graphic Designer!
- CafePress - Make Money Online as a Graphic Designer | Forever Earning
A quick review of CafePress and how you can create a store and start making money from your designs today!
3. Revenue Shared Video
Revenue shared video is a lot like revenue shared writing, except with video. The great part about video is that it is super easy to share on social networking and people love to watch videos, because there is less work involved than reading. With the popularity of YouTube it is really easy for a video to go viral and have millions of views. For really popular channels, some people can make 6 figures a year. Think about it this way. Let's say that you get 3 dollars per 1000 views. Your channel has 50 videos and you get about 1000 views per video a day. You are going to make 150 dollars a day. That's about 55 thousand a year. Now I know those numbers are pretty unrealistic for the average user so let's go back to the 50 dollars a month model. You would only have to get about 1600 views on all of your videos a day to reach that amount. If you have 50 videos, that is only about 32 views per video to reach that number. Now that sounds possible to me. The hardest part is getting all the videos together and promoting your videos. A lot of older videos can lose views over time. That is why you need to continue to make or edit them every day. If you make 10 videos a month, or 120 a year, you can make a lot more than 50 dollars a month.
Make Money With YouTube
- YouTube - Make Money Online Making Videos | Forever Earning
Learning how to make money with YouTube is really easy. You can start by signing up for the YouTube Partnership Program. Once approved....
4. Create a Product and Sell It
This is probably the hardest way to earn passive income and it isn't entirely "passive". Creating a product is the hardest part. You can make an app, a game, jewelry, shoes etc. Once you make your product you need a model to sell it. Some people chose to make their own website, others sell on eBay or Craigslist. What makes this form of income "passive" is the fact that once you create the product, you never have to make it again. If your product is an eBook, you will generate revenue for every download it gets. If it is an app, same goes. However if your product is a physical item, you will have to deal with shipping and production. If you can get someone to produce the product for you where you don't have to make it (i.e. a board game), then all you have to worry about is shipping where you can make profit on anyway. What is really cool about a physical product is that people love to brag and show their friends what they have bought. This is natural promotion and will increase your sales naturally. Once the product gets popular you can use methods 1, 2 and 3 to make even more money! Write articles about your product, or design T-shirts and art around it, you can even make a video tutorial on how you made it or how to play it! Building a cyclic money model will all make sense by the time this hub is through.
5. Mini Stock Photography
Mini stock photography, like method 2 is really a numbers game. It isn't the easiest way to make money but it will definitely turn a hobby in to a money machine. How can make this work is that anywhere you go, take your camera and take tons of photos of everything interesting. After the trip is over you can have hundreds of photos. Sift through all the photos and select 50 of the best. You can post them to a lot of websites where you can sell each photo. Websites like iStockPhoto, Shutterstock and more will accept your photos. A lot of people who buy photos want them to be at the natural state so that they can edit them to their needs later. You can make anywhere from $0.25-$1.00 realistically off of each purchase. Back to the numbers game, let's say that you have 1000 photos on a photostock website. You might sell 50 of those photos a month if you are lucky. If each of your photos went for 1 dollar, you will make 50 dollars (minus any royalties or fees). However, if you have 10,000 photos, you may sell 250-500 photos a month. This can pull anywhere from 100-500 a month! Not bad for something that you were going to do anyway!
6. Create a Blog
Creating a blog is probably what you want to do last. Reason being is that blogs take a whole lot of work to get started. Much more than you will expect from a website like HubPages or YouTube. You have to create the website, create the content, promote the website and maintain it all by yourself. Not to mention that you have to buy the URL and pay for domain hosting. It is definitely an investment. However, blogs that become popular will generate a lot more revenue than all the methods above. You can control exactly how much money you make and you can use your blog as a "hub" if you will for all of your other money machines you have made. It will link everything that you have worked for all together and overall increase the revenue of everything, but only if it becomes popular. I know I have created blogs that have been an epic failure. I pulled in tiny amounts of traffic which, as a result, didn't give me many revenue opportunities. I ended up losing money because it cost more for the domain and hosting than it made me. But I was a rookie back then and didn't know anything. That's why I recommend doing all the above methods first because it will give you the experience needed in content creation to create success for yourself. Don't lose faith. If you work hard, everything will pay off in the end!
Other Ideas for Passive Income
- 6 Ways to Increase Your HubPages Traffic
In world where traffic runs HubPages, it is nice to know a few methods on how to increase your traffic, and in turn, increase your earnings. This hub will give you exactly that, a few tips on increasing traffic to your hub!
Based on everything we discussed above and using the 50 dollars a month goal, you can potentially add 300 dollars a month to your income stream just by getting started in each of these fields. Bust your butt for about a year and reach the minimum goals. I guarantee if you put in the same amount of effort consistently for 3 years, you will be able to live on passive income for the rest of your life! Just remember to live within your means and manage your money properly. My goal is 500 dollars a month and I have a long way to go. If I can do it, so can you!