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6 Easy Methods Making Passive Income Online

Updated on March 3, 2019
Miebakagh57 profile image

I am a retired Chief Administrative Officer. I learned passive income in several ways to make ends meet during my civil service days. Thanks

Introduction

Many like me want extra income to improve the standard of living. The actual salary earned do not meet expectations. Other assets that generate money can help. Such incomes as rents, interests on a savings and deposit accounts are passive.

The money invested in savings and deposit accounts is a product. Banks loan out the money and generate interest The interest is passive income, and you received a certain percentage. Here is one best definition of passive income: "Earnings an individual derives from a rental property, limited partnership or other enterprises in which he or she is not actively involved." In other words, your money does the hard work, and you earn.


Making Smart Passive Income

I create a product at a cost of $500 and recovers the $500 in 4 months. The same item still sells in the market for months. I gained an additional $800, after recapping the $500 profit. If I continued to earn more than $800 monthly, it is still active passive income. This is the concept on which passive income is well understanding. I do not think the definition made in the introduction has made it clear.

Let's take another example. Let's say, you buy a house for $30,000.00. And you rent out the house for $5,000.00 a year. After 6 years, the actual cost is actualized. Any money coming in year after year is real-time passive income.

So, passive income is the money you continue to substantiated after the $30,000.00. Hope this is now clear.

Be Your Own Boss

You can work at home at your convenience. But you are not conformed to the living room alone. With a Laptop or Notebook, your location is now global. Anywhere promising for you is practically your location! You can be your own boss.

With a Laptop Passive Income Can be Realized

Work at home with a laptop to make passive income
Work at home with a laptop to make passive income | Source

You are not Confirm to the Living Room to Make Passive Income

Does doing business online to make passive income required the comfort of the living Room alone?

See results

Are You Confined to The Living Room to Make Passive Income?

Under the shade of a guava tree to make passive income
Under the shade of a guava tree to make passive income | Source

Why the Internet is Important to Make Passive Income

The internet is important for the following reasons.

  • Many unemployed persons are getting self-employed via, free lacing online.
  • Many of the offline firms are now getting online their products and service.
  • Best affiliate programs.
  • The internet is a global market.
  • Whatever is sold offline can now be sold online

Read to Inform Yourself

Do you read to inform yourself, and advance your knowledge, and understanding of the issues at hand? One must read and read widely. They say readers are leaders.

I read to see what other authors are saying on this subject of passive income before I put pen to paper. I noted the competition. I note the challenge presently and yet I went ahead to write on this ever wide and saturated field.

This is why I and you should read. Read all that you can about other practical best business ideas to make money. Above all, add any experience you may have, however, small. This makes it a practical reality. I am a homeowner and I rent my rooms and make passive income.

Smart Passive Income Ideas

Affiliate Programs

Are you ready? Join any one of these very successful businesses online as an affiliate. By far, one of the best ways to start earning passive income is to go online and become an affiliate. Here you help promote the products of others or you refer your friends or recruits and earn a commission. This may be for life as your referrals continue with the program because any sales generated, you receive a certain percentage as your commission. Again you will learn that you are being directly mentored.


Passive Income Earnings

Becoming an affiliate online to make money is good. It all depends on your ability, determination, and hard work. You must combine both mindsets of determination and hard work. It is easy when you pass the reason for and against. It is hard because you have to work long hours before you see that real income bankroll into your bank account. You have to be focused, work hard and make headway. The result of this pays well in personal and financial freedom.

If you join a top affiliate program, you are entitled to earn money plus commissions. This can be anything from 20%. The commission will depend on sales generated (purchases) or referral you made, or duplication. When you refer people to buy something online, you will receive a commission for whatever they buy.

Let's do basic math for earnings to be expected. For one sale or referral, you made online say it is $30 just for a day. 20% of this is 20/100 x $30 which is $6. Suppose you make five sales or referral in a day, this is 5 x 6=$30. And as long as your referral continue to make purchases, you continue to receive commissions. The more you refer to or more sales, the more your commission. This is the essence of an affiliate program.

Daily Referral

Dailyly Referral
Sales ($)
Daily Earnings ($)
1
30
6
3
90
22.5
5
150
45
Passive income earnings of an affiliate

Earn Passive Income in Dollars

Dollar planet
Dollar planet | Source

Qualifications

Do making passive income online required any qualification? Do one have to be qualified as a computer operator? No, but learning the practical basic or fundamental principles is essential. The ability to read and write is basic to all internet marketers, story or article writers. An additional qualification like a degree or diploma may make one an expert on a technical point.

Basically, you must know how to operate the computer keyboard. That is all that is needed initially. I am not saying that you should be a computer guru.or an academician. No. Majority of these professionals cannot and has not made a dine on the net! They can if willing to do so. I am unable to type or operate the computer keyboard for years. But just to make headway on the internet, and make some internet money, I went for a three months instructive course. I benefit. So you too can do it.

Learn How to Operate the Computer Keyboard

A  desktop computer
A desktop computer | Source

Computer Training to Earn Passive Income

I want to make money online. Sitting left is Miebakagh Fiberesima
I want to make money online. Sitting left is Miebakagh Fiberesima | Source

A Mini Computer Notebook is a Mobile Tool

A computer notebook
A computer notebook | Source

Multiple Streams of Passive Income

You can not get on just one path to make a smart passive income that can meet all your monetary needs. Do the regular income you get from your monthly pay solve this issue? The answer is a firm no. This is also applicable to passive income. Every internet marketer knows this. So we strive to get at least two more ways to strike the gold.

Take this article as an example of how one could make money more than one way out of it. The first is that it is an article. It will be published. Two, this hub can be modified to make an e-book. If successful, earn some money. Three, we can produce the e-book in the form of a CD or DVD disc. More money comes in. We can make the hub a teaching material at a seminar, workshop or webinar. Still, more money will come from this effort. These various pathways create multiple streams of passive income all from one source, an article. Whatever ways you want to make some bucks online, make sure you snowball into multiple streams of passive income.

Concept of the Experts

I am compelled to make abstract on what some of the experts on this subject have opined so far. I call this path to make a fortune.

How to earn more and work less, from Scott Allen.

  • Work at your job and use some of your hard earned money to buy assets that will yield passive income for you.
  • Create a product that people will buy over and over again..
  • Engage affiliates to sell your products.
  • Taxes on passive income is less than on active income or none at all.
  • How could you make money off the works of others? In other words, you have to promote an affiliate program online to make money. This can be done offline also.

Another Experts Guide

Various other experts have an opinion on the subject of passive income. I will again give an abstract. How to retire early by building residual income: 6 Steps

1. Live below your means (restrict your budget to things that will keep you to your longtime goals.

2. Maintain an emergency savings account of six months of income.

3. Invest extra money in a savings plan if any.

4. Your increase from a rise in your job should be split into two: one half goes for fun and the other half for savings.

5. Any other extra money should be invested in at least more than two portfolios.

6. Your portfolios should be review annually with a chance to move forward.

With all these in mind, smart move and hard work pay in the long run.

Dollars Earn as Passive Income Gives You Financial Freedom

Dollars that yields personal and financial freedom
Dollars that yields personal and financial freedom

The 6 Easy Methods

Below I describe briefly the 6 easy methods. You can make do with three or four depending on the niche you follow. Feel free to use what method(s) you fancy. But methods one and two are compulsory for working online.

1. Have a Laptop

Have a laptop computer. Any person desiring to make passive income on the net must have a good personal computer. Windows 10 is a common device. However, right there in the markets are numerous PC for one's like or choice. Ensure that your PC is internet ready type, otherwise, you just end up with a game playing tool in your hands!

2. Active Internet Connection

Have an active internet connection with one of the internet service providers in your locality. Your internet service provider may be able to advise you on the type of package available. I advise you to go for the optimum or premium package if you can afford it, for you are likely to download some internet training manuals, software up to 80MB.

Some Government Information, Communication and Technology Agencies, coffee shops, airports, and hotels etc provide free internet access facilities to the public. One can take advantage of this and I do regularly to save money from private ISP. But beware that you do not compromise your mailbox password, banking ID, and password and other personal identities to online theft.

A Laptop Connect to the Internet with USB Modem

Source

3. Find Your Niche Market

Find your niche market. What do you want to do online to make passive income? That is your niche market. Do you want to write articles or e-books? Can you write an article about 750 words or more? Writing an article of 1300 words or more that is acceptable for publication on major websites like Hub pages will earn you regular passive income.

Still, you do not know what to do? Do not worry. There are many niche markets out there on the net like the sands on a seashore! or you can create one that suits you. For example, an online photo agency.

4. Take Your Banking Account Online

Take your banking account online. Do you have a banking account online? My initial experience with this is terrific because I could not afford to make payment online as an internet marketer. On advise, I contact a good local bank that helps me remit payment online.

Banks with a Master Card compliance are excellent for this purpose. The account must be geared toward making payment online for global benefit. You as an internet marketer likely to make payment online; and be paid.

5. Have a Mentor

Have a mentor. No one just come new to the internet market to make some passive income will strike it big.

Those internet marketers who promise you will make $1000 to $1500 overnight will scam you. You are asked to pay $25 for membership and later or immediately you will be asked for another sum of money for the professional or elite class of the site.

Neither the goods or service will come or not. It is after you are thoroughly mentored that you will begin to make headway in earning your first dollar and not $1000 as promised. Your mentor guides you until you become proficient. It depends on the niche you take. Is it e-book or information marketing?

Could you like to be a top affiliate selling other peoples products and earning some percentages of the money generated? It is up to you to decide.

Internet Mentor Training for Best Business Ideas to Make Money

Dark  arrow near the center is Miebakagh Fiberesima
Dark arrow near the center is Miebakagh Fiberesima

6. Be Creative

Began to be creative. Start writing your article or hub if you are freelancing. There are many websites to choose from. HubPages is an example. Not long ago, Squidoo is merged with HubPages and transfer of articles has already begun September 2014.

Or you can create any marketing venture other than writing to earn passive income. That is up to you. How about a blog or advertising website? When advertisement like Google AdSense placed on your blog is clicked, you earn money passively.

First, register as a user of a website (HubPages) or create a blog

  • Visit www.hubpages.com on your Google or FireFox browser.
  • A new window shows up and you will be asked for:
  • Your name or username, e-mail address, password and confirmation of password by re-typing it, agreeing to the Hubpages term of service and entering the turning or security number or code in the captcha button.
  • Click continue and you will be taken to complete the registration process.

That is all that there is to it.


Study Resources of Article Writing

Study the rules of the article writing, especially that of the particular website you are to submit your story. Each website has its own requirements. Hubpages has its customized tools, instructions, etc for writing hubs of any category; and you have got to stick to that. Study and follow these rules and you will succeed.

Third, choice an interesting topic to write. Is it an experience unique to you that you want to share with the outside world? Is it a hobby? The topic you choose must be interesting and passionate for you to write. Just let it be interesting, informative and enlightening and a guide or reference point.

Here is a simple guide on how to plan for your article:

  • Abstract: this is a summary of what the article is all about. hub pages always ask for this.
  • Introduction: a brief of what is to expect in the story.
  • Body with sub-theme: this is the main part of the story. Flesh, blood, and bone. Be very specific. HubPages provide thematic capsules for you to break down long prose into smaller units.
  • Conclusion: round up your story. Engage the reader with a call for action.
  • Reference: try to include a reference for your readers to consult.

Concluding Remarks

I will conclude by saying:

  • Making passive income online is not an overnight and get rich quick venture.
  • It demands the best and the highest actions for a long time effect.
  • It calls for a strong intellectual effort and inputs e.g. writing a song, an article, film acting, networking, and internet marketing.
  • Real estate ventures required a significant sum of money and this has to be raised as a loan or from log time savings.
  • Partnership in passive income ventures is risky, but resourceful and trustful affiliates can enhance the venture.
  • Success is achievable with long working hours and hard work.
  • The longtime effect is financial and personal freedom to do other things- more passive income ventures and leisure.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

© 2013 Miebakagh Fiberesima

Comments

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    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      3 days ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Rajah, thanks for visiting and commenting. You are always welcomed. And enjoy the day.

    • rajan jolly profile image

      Rajan Singh Jolly 

      3 days ago from From Mumbai, presently in Jalandhar,INDIA.

      Thanks for sharing these helpful tips.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      12 days ago from Port Harcourt, Rivers State, NIGERIA.

      Hi, Alexander, thanks for visiting and reading. There is no doubt that passive income contributed significantly to any workers wage or salary. I am stillleveraging online for a passive income venture. Thanks again.

    • Guckenberger profile image

      Alexander James Guckenberger 

      13 days ago from Maryland, United States of America

      I love passive income.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      3 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Mariene, thanks for visiting and weighing in. I will incorporate your suggestion of "niche" in my next update. Many thanks again, and have a nice time.

    • MarleneB profile image

      Marlene Bertrand 

      3 weeks ago from USA

      This article is filled with valuable information about earning a passive income in many different ways and what it takes to do so. One thing you shared that sticks in my head is the idea of obtaining a mentor. It is excellent advice, because, there are so many aspects to this way of income generation that having a mentor can help a person get to their goal easier. Finding a niche (to me) is the best advice of all. A niche that is exciting helps keep us motivated to get up in the morning and do what it takes to keep going. Although earning passive income may be an option available to just about everyone, it is certainly not a get rich quick endeavor. Long hours and perseverance make it happen. Your article is excellent for helping readers understand all aspects of earning passive income.

    • Robert Sacchi profile image

      Robert Sacchi 

      5 weeks ago

      Thank you.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Roberts, thanks for visiting and weighing in. I appreciated you. I am looking forward to visiting and read one of your latest articles.

    • Robert Sacchi profile image

      Robert Sacchi 

      5 weeks ago

      That has been my experience as well with fiction. I've heard DIY articles do best. Politics and religion might also be good hit articles. I haven't had much luck with travel articles but I haven't written about places that are particularly interesting.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Lois, I once had a typo in my article detected by a reader when I post on the forum for screening or proof-reading. The typo occurred in the title of the story. I misspelled "Fit" as "it." When this is corrected, the hub immediately becomes featured. This is the only typo in that story.

      So, I now always re-read and read my stories well, passing the same through software like Grammarly. As for the fiction, I had no clue about that. But thanks for hitting me on the issue.

    • LoisRyan1965 profile image

      Lois Ryan 

      5 weeks ago from Binghamton NY

      One of the first things to do is to check for typos. One of my first hubs had about 10 words that were misspelled. Once I fixed them it was featured. Usually, if the hub falls under 750 words, it won't be featured. Plus I make sure that I have at least 3 photos and two videos per hub. I also found that fiction does not do well on this site.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Lois, I had both an Instagram and Twitter account, and I am looking forward to doing the same. I want to take some time with Hubpages to see that my hubs are substantially featured. At the moment, I think I had more than 20 featured hubs out of 35. Thank you.

    • LoisRyan1965 profile image

      Lois Ryan 

      5 weeks ago from Binghamton NY

      Yes I do use Pinterest as well to promote my hubs. And am looking into Instagram and I use twitter.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hi, Lois, Iamon tracks as you are. And, today I connect on Pinterest for the same purpose. Wishing you the very best.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hi, Lois, Iamon tracks as you are. And, today I connect on Pinterest for the same purpose. Wishing you the very best.

    • LoisRyan1965 profile image

      Lois Ryan 

      5 weeks ago from Binghamton NY

      So far my passive income comes from writing. I wrote for yahoo voices until it closed down and towards the end I was making about 150 a month. So will be seeing how Hub Pages does. I am also toying with the idea of selling books through Kindle Publishing.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      6 weeks ago from Port Harcourt, Rivers State, NIGERIA.

      Hello, Robert, thank you for visiting and reading my stories. I have not written for Yahoo Voices before. I am trying my ropes on HubPages, although I also had a block at Blogger. Good day.

    • Robert Sacchi profile image

      Robert Sacchi 

      6 weeks ago

      Thank you for posting. Did you write for Yahoo! Voices? I wrote for Yahoo! Voices until they closed down. Then I looked for another writing venue and found HubPages.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      11 months ago from Port Harcourt, Rivers State, NIGERIA.

      Hi Ruth Coffee, thank you for visiting. We say a patient dog eat the fattest bone, right?

      Making passive income online is a business. It takes years to get the fat check.

      You are welcomed.

    • RuthCoffee profile image

      Ruth Coffee 

      11 months ago from Zionsville, Indiana

      Yes, having a laptop, getting a mentor, and studying up on how to do things is critical. I think for most beginners, it's also important to be patient. It takes time! Success doesn't come immediately, it happens over a period of at least a couple of years. Tracking your progress is important to stay motivated.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      13 months ago from Port Harcourt, Rivers State, NIGERIA.

      Hello GreenMind, thank you for visiting and thank you for the suggestion.

      I am thinking along the line in my other hubs which tally with the suggestion-keeping fit and stretching, because I am not a cook.

    • greenmind profile image

      GreenMind Guides 

      14 months ago from USA

      Hi -- I think you have a lot of energy and you are determined.

      May I suggest something? If you wrote about one thing that you know from your daily life, like local food and dishes you like, you could claim that niche. You could write 50 or more articles on this topic, each a different dish or ingredient. In each article, you could offer an amazon product that is necessary for that dish. And talk about your own experience with that ingredient or product.

      If you do this, after 1-2 years you will have a nice small monthly income. This is how the people on HubPages make money.

      Cheers,

      GM

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      4 years ago from Port Harcourt, Rivers State, NIGERIA.

      @sunder1 and @colorfulone, that you all for your kind feedback.

    • colorfulone profile image

      Susie Lehto 

      4 years ago from Minnesota

      These are all good methods if they help earn passive income online. Thank you for the tips.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      4 years ago from Port Harcourt, Rivers State, NIGERIA.

      Good luck.

    • Sunder1 profile image

      rahul 

      4 years ago from India

      I am using some the method you mentioned

    • profile image

      raednajjar 

      4 years ago

      i found here a great method to make passive income you can see it here : My 10$/day Passive income Method , Discover the secret technique that made me $787.75 in one month

      https://www.youtube.com/watch?v=zXty4-DMeig

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      4 years ago from Port Harcourt, Rivers State, NIGERIA.

      Thanks for the compliments. It is an encouragement likewise. Yes, making passive income even on HubPages is a steady way to make money. Thanks once more for your keen observations.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      4 years ago from Port Harcourt, Rivers State, NIGERIA.

      Thanks for the compliments. It is an encouragement likewise. Yes, making passive income even on HubPages is a steady way to make money. Thanks once more for your keen observations.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 years ago from Port Harcourt, Rivers State, NIGERIA.

      Hi Maria, help me understand your words in initials-"asdf"...and thanks.

      Miebakagh57

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 years ago from Port Harcourt, Rivers State, NIGERIA.

      Hi Cperuzzi, thanks very much...I got it! I should make this 6 methods into an ebook?

      Miebakagh57

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 years ago from Port Harcourt, Rivers State, NIGERIA.

      Hello Anandkg22, Thank you for your comment. I wish you the best ever.

      Miebakagh57

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 years ago from Port Harcourt, Rivers State, NIGERIA.

      Thank you all for your informative comments. However, Maria I do want a clear meaning of "asdf"?

    • profile image

      Jacob Roundy 

      5 years ago

      Miebakagh, Thank you for the ways to make passive income online. It is great to see that the entrepreneurial spirit is alive and well all over the world.

      *FYI To all your readers, I make money... 'passive' 'residual' money by using the following program. I highly recommend it to anyone who wishes to slowly build passive income. It works for me! http://4WeeklyChecks.com

    • profile image

      Marie 

      5 years ago

      asdf

    • cperuzzi profile image

      Christopher Peruzzi 

      5 years ago from Freehold, NJ

      Your article is a good read. I would suggest, though, you break up articles like this into smaller articles. It could become something a bit more ever green. If you link this hub as a general hub to six more that explore each of these methods in finer detail, you might improve your hit count.

      Voting up.

    • Anandkg22 profile image

      Anand Kumar 

      5 years ago

      Very Nice article with good information and images, yes I am also a big fan of residual income, thanks.

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 years ago from Port Harcourt, Rivers State, NIGERIA.

      O.k Jojnny, and thanks.

    • profile image

      Johnny-Tsunami 

      5 years ago

      good article. follow and i'll follow back! :D

    • Susan D Tyndall profile image

      Dianne Tyndall 

      5 years ago from Sanderson, Texas

      :) Nice hub, interesting information, good setup and photo's. Thanks for the information. Good Luck!

    • Miebakagh57 profile imageAUTHOR

      Miebakagh Fiberesima 

      5 years ago from Port Harcourt, Rivers State, NIGERIA.

      Welcome to the world of passive income making. Learn more and also to contribute to this venture. Knowledge is constantly increasing.

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