ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to Make a Passive Income And Have More Free Time

Updated on May 21, 2019
EvieSparkes profile image

Evie Sparkes is a published novelist, content writer and company director from the UK.

How to Start Planning Your Passive Income

So where do you actually start? You want to make a decent passive income but you aren't sure which route to take to ongoing riches.

Making a passive income is not a fast track, it's not an overnight success. It takes a lot of up-front planning and work to put those plans into action. But it is certainly possible to make a really terrific passive income that will carry you into the future.

Think long-term and think clever. It helps if you can write. There are various ways that you can add to your passive income through the written word. Don't let that put you off though. Perhaps you are a numbers person or you prefer to get things out there by speaking them. Even though you perhaps aren't the most gifted writer because it's just not your thing it doesn't mean you can't write about stuff you love. People will still read it if they are interested enough in the subject matter.

Create a Niche Blog

This is a great way of adding to your income. I have a beauty blog Rachel Sheridan and I make a passive income through the articles already on my website and that increases each time I add a new article.

I market myself differently for each of my specialist subjects. I am Evie Sparkes the author and writer and I am Rachel Sheridan the skin care specialist and digital media director.

Find your topic. Something that you are passionate about. Being passionate about a subject makes it way easier to write about. I am lucky. I have a lot to say on a lot of things and I write in my everyday working life so it comes easy to me.


Write Lots of HubPages Articles

I am currently on a quest to write 100 articles by the end of June! I like setting myself these little challenges from time to time. It keeps me busy and for me, busy is good.

Isn't That Just Quantity Over Quality?

Not in my very humble opinion. I love to write and I have a lot to say. I am 47 and I have had and continue to have lots of great, sometimes weird, wonderful and not so wonderful experiences. Don't we all? Well, write about them!

Solve a problem for someone, that's the first thing to say. People are busy and they want the best and quickest answer to their query or problem. If you can make it clear that you are the one to do that for them in the first paragraph then you should be able to hold their attention until the end of your article. The longer they are on your article, the more chance they will click on an ad. More money for you, simples!

Make your articles clear and use some SEO for the best search engine results. Again, this isn't by any means going to make you a ton of money over-night, but over time it has the chance of doing just that.

Be consistent.


Start a YouTube Channel

This is a great way to make passive income. Once you start however, you might become addicted! But say you don't. You create around 50 videos over a year long period and you spend time engaging with other similar content creators. Those 50 videos may well still be earning you income a couple of years down the track.

Let viewers engage by leaving comments. I hate it when I see comments are disabled as it makes me think the channel is not authentic or that the creator isn't confident in his or her offering.

How Long Before You Can Make Money From YouTube?

You must have at least 1000 subscribers and 4,000 hours view time. That's a lot (for both) and it will take time to get there but don't give up. The rewards can be substantial.

Write a Fact Based or Self Help Book

If you can write then you might want to look at writing a book and self-publishing. I have a book out right now, I have another out in a few weeks and another due in July. I released my first fiction book, Wishful Thinking back in September and I continue to sell copies now. Self-help style books or fact based books that solve a problem for your readers are far more effective a way to grow your passive income though.

Fact based books are easier to market. Use a question in the amazon title of your book like 'Do you want to get rich quick?' or 'How can I Get over my Anxiety?' Right away readers can see you might be able to solve a problem for them. Once a few people buy your book others will follow as it will show on the customers also bought when they make other book purchases.

You will carry on making a passive income from your book sometimes years into the future. Get a few out there and you'll be laughing all the way to the bank!


Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)