What is passive income: a brief analysis of the concept?
Passive income is an activity that does not require a person to work every day. In other words, you don’t have to go to a job you hate and follow the boring orders of the authorities there.
Where to start with passive income
Not in unison. Start with yourself. If you are not satisfied with the amount of passive income from installing programs or watching advertisements, and you are thinking about your own project, start educating yourself. Look at advanced projects, analyze business ideas, and learn “materials.” For good passive income, you need certain knowledge, for example, trading. It will be helpful to understand the methods of promoting the website and the legal regulations that must be followed. There are many useful tips on the Internet.
You do not want to be frustrated if you cannot get the right pitch so invest in a good cap. Sometimes try reinvesting income and other income-generating options.
This article brings together the top 12 ideas for creating passive income on the Internet from scratch. It offers a proven, working way to make a profit. Provides answers to common questions about passive income.
Many people dream of doing nothing, traveling, having a good life and making money at the same time. Unfortunately, this does not happen in real life. You have to work to earn money.
But there is one activity that does not require regular work. Investment, time and money are needed only in the beginning. You will then need to monitor and maintain the established system. We are talking about passive profit on the Internet.
12 Ways to Make Inactive Money on the Internet
1. Passive income from a site or blog
Leading the list is the passive income method recently discovered on the Internet. The essence of this is as follows.
People create websites and choose relevant topics. For example, you can choose what is good: computer, cell phone, car repair, maintenance, construction, business, fishing or other familiar topics.
After developing the design, site page and its settings, the resource is filled with articles. You can write it yourself or hire someone to write this assignment.
After dozens of articles, visitors visit the site and begin reading the published material.
Once a certain amount of traffic is reached, the site is added to the advertising network of Yandex and Google, and since then begins to earn passive income. The site owner earns money when users switch to advertising sources and services through ad blocks.
With this form of revenue, you can focus on banner advertising or selling links.
How much do you need to invest first?
Financial investments may be minimal – web hosting and domain name fees. However, it does provide an understanding of how the sites are evolving. If you do not know this area, you will need an average investment of $500 web developer services.
You may need to select a list of relevant topics based on the data from the search engine and invest in a seo-optimizer to advise you on issues related to search engine promotion.
To save money, you can get acquainted with web programming and SEO programs on your own. There is a lot of free information on these topics on the internet.
How Much Money Do You Make?
It all depends on the development of the site. Daily, daily-published material can generate between $500 and $ 1,000 a month. With the help of rare publications, for example, 1-2 times a week you can get $100.
But you need to understand that the income depends on the chosen topic. It is better to create a site on topics such as cars, computers, construction, repair, business, finance, money, health, and so on.
2. Invest in a website or blog
This benefit is similar to the first scenario. The only difference here is that the site does not need to be advertised or promoted from scratch. This is enough to buy ready made resources that are already profitable.
The price of one site can vary – from thousands to millions of dollars. It all depends on the age of the resource, its attendance and profitability.
After purchasing several sites at the same time, you can earn $5,000 to $25,000 a month.
3. Revenue from the group or community VKontakte
VKontakte’s group or public benefit is the placement of paid accounts with advertising properties.
You don’t need attachments to create a group, because VKontakte can do it for free. Spending money will need to attract participants. To do this, you can use ads, promotional posts, and paid entries that target other groups.
The downside of such revenue is that you have to publish interesting posts every day. So, you will have to devote your personal time or money to a professional who does everything himself. The services of a public administrator cost from 3000 rubles.
4. Earnings from your own YouTube channel
YouTube is a popular and popular video hosting service that allows you to make money through your channels.
Earnings mean you need to make videos and publish them on your channel in higher quality. With at least thousands of viewers and hundreds of viewers watching the video, YouTube can make money in the following ways:
- Google contextual advertising – a video on the topic of user advertising will appear at the bottom of the ad unit.
- Direct advertising on video – placing at the beginning of an advertising information clip on another person’s or company’s products or services. In this case, the advertiser pays a price set by the owner of the video.
- Affiliate links – for example, they are placed in the video description to attract inquiries about some projects. For each person who downloads or purchases, the channel owner takes it as a percentage and proactively earns money by making videos that do what they love.
- Someone else’s video – the owner of the channel did not upload his own video, and there are others. After their advertising, they start making money in any convenient way. A simple example is a collection of jokes or accidents.
It is difficult to say exactly how much income. It’s worth noting that there are people on YouTube who earn $ 1,000,000 a year.
5. Training course for sale
If a person has experience in any field, it is possible to organize a training course and start selling online and offline. But in the first stage, you have to put a lot of effort, time and try the created product.
Online courses have been in constant demand for the last 15 years. But in order for people to start buying them, you need to create a personal brand and integrate yourself into the cage so that you can become a trusted professional. Therefore, the course takes from six months to a year to create a name.
Revenue depends on advertising channels, the quality of training, prices and more. There are trainers who earn $100 – $500 a month, and there are people who earn $1,000 regularly.
6. Infobusiness: webinars, online training, seminars
This income is suitable for certain point professionals.
If a person knows marketing well, he can train marketers and businessmen. He knows the psychology of the family, so you can help families recover from the crisis and build relationships.
Webinars don’t have to be alive. You can write them down and offer people to record. Same thing applies with online training.
The only thing that should take time is the workshop, because in such an event you need to personally participate and monitor the work of the participants. There is also a need to update webinars and training programs.
7. Selling e-learning books
This method of earning income is similar and may compensate for the previous method.
At the very least, you need to write the most useful e-book and then make money from sales. However, here you have to spend a lot of time writing the book, try it for free among your friends or colleagues and only then distribute it to the public.
When you write a book, you need to invest not only time but also advertising, authoring the author’s name and making him or her expert in a particular field.
8. Sell this book
People buy real paper books, even though they are more expensive than e-books. Numerous studies have found that reading on paper is much easier than on a computer monitor or Smartphone.
To start making money this way, write useful and interesting books, find a publisher, publish your work and get a few percent of sales.
In this case, the book does not have to be educated. You can write a novel, a detective story, a comedy, or any other genre. But all this passion will not be enough – you need talent and a lot of free time.
You also need to be prepared for the mistakes of the publisher – a common practice of modern authors.
9. Sell the photo to a photo-bank or stock store
This passive income is ideal for photography enthusiasts. Here you need to take high quality photos and sell them in special places.
The income from such activities is small, but at least one can combine it with other work and earn what one likes.
10. Affiliate (referral) program or affiliate marketing revenue
Such revenue is based on the commission earned on sales.
For example, there is someone who sells computer equipment. People receive referral links and advertise on their websites, forums and social networks. People follow the link and buy the product, and the person who does it gets a percentage as an online store owner.
You do not need to have specific knowledge. All you have to do is distribute your referral link on all available channels. The better the channels, the more conversions, purchases, customer activity, profits, and so on.
However, it should be noted that you should not have a high income, and it is better to combine this type of income with activities other than this list.
11. Sell paid computer software or Smartphone software
Such income is only suitable for people with programming knowledge.
The bottom line is to develop the application or software you need and then sell it to the target audience.
For example, you could offer software to automate some processes in an online store or an application that simplifies some actions of Smartphone users. That is, you need to think carefully about what software is required here.
You can sell apps directly or on a monthly or annual basis. It is also a good idea to set a number of prices depending on the options that come with it. For example, the first version can sell for $5, professionals for $10, and the maximum for $30.
12. Revenue from newsletters
This means creating a paid online mail service. These services are actively used by businesses to share useful information about products, goods and services through mail, to organize promotions, discounts and various events.
You will need the cost to advertise and promote the service. With proper marketing, all investments will return after 6 months or 1 year. Then there will be passive income. This is because the service works properly and you don’t have to do anything other than answer customer questions.
Revenue from such services can be as high as $1,000. However, with a large number of users, a skilled marketing strategy will follow.
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