Earning while you lay back and read your favorite book or binge on a series, or even better, sleep, seems like a pipe dream. Yet, financial gurus say it is entirely possible. There is a reason Forbes contributor Brianna West calls it an infinite potential income- “there is always a possibility”, she says.
Before we jump into how exactly we can earn passively, let us address what passive income means. Passive income refers to your income that does not come from your employer or contractor. It is any income you generate from anything other than active employment. You can find more information about earning rewards on ebay.
Former hedge fund manager and financial advisor, Todd Tresidder, says, “Many people think that passive income is about getting something from nothing. It has a ‘get-rich-quick’ appeal, …but in the end. It still involves work. You give the work upfront.”
With the ever permeating nature of the technology that has only been accelerated by the internet, the world has changed the way it lives and earns. Yet with such fast-paced change comes fear and confusion regarding ways in which the powerful tool of digital media can be used to make money online. We bring to you five legitimate ways in which you can use the internet to earn money even as you vacation.
Sell Information Product
This is an accessible and relatively more straightforward way of passive online income. Everyone is talented in something. It is time you capitalized on your knowledge. You can build a course on a subject you are an expert in and sell it on platforms like Udemy and Coursera.
Or you can write an ebook if you have a propensity for writing and sell it on Kindle and Amazon. Even audiobooks can be sold on Audible. You can generate a good, steady income stream once you establish yourself.
Also Read >>>> Create the Perfect E-book to sell on the Internet
Affiliate Marketing
The second option in this list is a relatively novel concept of online money making, and you do need to have a website or a blog with regular traffic to execute this idea successfully. Affiliate marketing is a marking strategy that brands employ to maximize visibility and consumers.
It requires you to plug into your blog or website links which will direct one to the brand’s website. Every time a person subscribes to or buys anything from your “affiliate”, you get paid by them.
Not only websites and blogs, although on a much lower scale, creators also use affiliate marketing on YouTube, podcasts, and social media.
Display And CPC Advertisements
Display ads are like the billboards that we see on the highway. Only these are on the internet. Advertisers pay to promote their products, and if you have an attractive platform, having these ads means they pay you. Display ads are a fantastic way to monetize your online real estate. ‘Cost per Click’ or CPC Ads are also a genius move for passive earning.
While display ads pay you based on your website traffic and affiliate marketing pays you only when the link has achieved its end goal, CPCs pay you every time someone clicks on the ad, irrespective of what they do post that.
Also Read >>>> Complete Guide to Make Pay Per Click Campaign
Auction On Ebay
eBay is one online platform that has been there since the beginning of the online boom, but how many of us see it as an earning platform? It might seem daunting if you don’t know what you are doing, but you can always figure it out. Auctioning on eBay is almost an art form.
Generating interest in your auctions is not natural, but it is possible. If you can do it right, you will earn significant amounts of money. Strictly follow the habits of eBay Power Sellers in your niche and devise your way to success.
Rent Your Home On Airbnb
If you can, rent your home on Airbnb. If not your entire house, even a spare room can be let out. This is a simple yet effective way to earn while doing nothing, especially within a short time. It will not make you productive overnight, but it will help you generate enormous amounts of money for the right place.
It might be not easy in the beginning, but if you take good care of your guests and maintain your site, you will soon earn reviews. If your place is in a holiday destination, then this option is a no brainer for passive income. The more picturesque the scenery, the better your bank balance!
Online Tutoring Jobs
Depending on the skills & experience, we can teach kids, college students, or others. We can teach various subjects, languages, and even courses online using different software. We can choose any topic of your expertise and conduct sessions through video calling.
To be an online tutor, we need to have a PC or laptop with a high-speed internet connection. In this job, people earn a considerable amount of money. We can make somewhere from $10 to $15 per hour as a tutor. With high expertise, the money per hour can even go beyond $20.
Selling Photos
Anyone who loves to click pictures and has an interest in photography can do this job. We can take professional photographs from our smartphone and sell them online on websites like Shutterstock, Fotolia, iStockPhoto, etc. It is unnecessary to have or buy a camera because today's smartphones incorporate professional style cameras in the phones. Generally, the price of each photo varies from $0.25 to $30.
Freelancing Writing Jobs
Freelance writing jobs have taken the internet. Today, college students, homemakers, and even retirees work as freelance writers and earn enough money from their home's comfort. If you can write content without grammatical errors, then there is no end of opportunities.
You need to have some sample write-ups to get hired.
However, the income growth depends upon the quality of the content and the write-ups. Freelance writing includes Web content writing, Ghostwriting, Technical report, Business writing, Copywriting, News and review writing, and Editing and Proofreading. The standard and popular websites for writing jobs are freelance websites like Upwork, Freelancer, Fiverr, etc.
Passive income is an excellent way to keep the cash flowing even when things get tough. Intelligently used, the web can be one of your best ideas for passive learning. It is not easy.
In fact, it is rather tricky. But once you have invested your flesh and blood into your project, it is only a matter of time before it starts earning for you. Also, the connected nature of the web means one thing can lead to another, and before you know it, making while you are enjoying a cocktail on some virgin beach is not a dream. It is the reality you will live and breathe. All it takes is diversifying your income stream.
Happy earning!
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