As odd and as non-commendable it may seem, every one of us wants to make money the easy way. Every one of us wants maximum money, yet wants to achieve so by exerting a minimum amount of effort possible. Achieving this objective would have been considered a non-chivalric way of making money and even would not have been possible a few decades ago, however, in the online world of today it is pretty much possible and attainable.
There are numerous ways of earning money online, a few of which I discussed with you in my earlier post regarding the same topic. In the lines below, I shall discuss with you some ideas that have great potential for passive income and can help you earn money while you sleep quietly in your bed.
1. Sponsored Articles
It is one of the most underutilized ways of earning passive money. All you need to do is to have a blog and build your reputation as a writer. When your reputation is built as a writer and you have received a substantial following on your blog and articles, then you need to find an organization that can sponsor your article to monetize it. In your article, you just need to mention ‘the article is sponsored by ABC Company’ and you are good to receive passive income. To catch the best sponsor you have to present the followers of your article as a lucrative audience to the sponsor, thus this creates a win-win situation for both you and the sponsor.
2. Creating and Selling Information Product
Another way of earning passive money towards which people have started to turn and are earning great rewards from it is by selling your own information product online. This can be as simple as making a VHS video, audiobook, software or writing an eBook and then selling it on different online platforms. The best thing about this way of making money is that you get to keep a greater percentage in the profit as the product is yours, compared to promoting and selling some third party products. Therefore, if you think you have what it takes then I highly recommend you coming up with something of your own and then placing it on the online market to earn passive income.
3. Home Based Business
Another underutilized platform that has great potential pertaining to earning passive revenue is owning a home-based business. It is one of the best ways in which you can initiate a money generating cycle just by making good choices at the start. To make a home-based business effective, you need to opt for a product that belongs to a niche that interests you and the one you have an understanding of, this way will better to be able to persuade potential prospects into joining your network. Once good and enthusiastic people are in your network, then the chain of never-ending passive income will start and all you’ll be doing is collecting residual income.
4. Pay Per Click Advertising
Another platform that can turn out to be quite a lucrative pertaining to earning passive income is pay per click advertising. To make money this way you have to generate a substantial amount of traffic and with the passage of time, the traffic will start generating revenue. In this method of earning passive income, you will have to show patience at first, but eventually, it will pay off and the reward will be worth it.
Now it’s Your Turn!
Have you ever tried any of the ways of earning passive income? How was your experience? Which ways of passive income do you recommend and why? Feel free to share your experience in the comments section below!
Sponsored articles are brilliant method to earn and fetch lot of money from articles. My majority of income source would be from sponsored articles. Other methods are also great and informative.
Thanks for sharing!
I love the idea of the blog earning money. That would be wonderful!
Hi Nate, this is my first time on your site. Great post! Pinned it to my “Blogger Tips” Board 🙂
Shauna @ The Best Blog Recipes
Read a lot about making money But still strugling. Huh….
Now I am going to try ur Idea too..
I’ve been blogging everyday for the last 4 months and starting to generate income from it now. Blogging is a great way to create passive income. Thank you for sharing
I’m new here, first time on your site. Well, your ideas are 100% true sources to generate bucks ! 🙂
I’m yet to try sponsored reviews, sounds like something I’m willing to try out. Thanks for sharing!
You’re welcome Sourav! Thank you!
About selling products, one may not necessarily have to create products to sell. You can sell products for others and earn commission – Affiliate marketing.
Affiliate marketing is a wonderful way to generate income! Thanks Nwosu!
I agrees with Nwosu, but to some point, you can make much more from your products and get others to promote it for you.
But earning from affiliates is cool. Thanks once again Nate for this awesome Share, i love it bro.
Thanks Isaiah! Appreciate the comments!
Great tips Nate, will keep them in mind 🙂
Awesome! Put them to good use! 🙂
Hello Nate i’ve really found this helpful, expecially the pay per click program, i’m glad i came accross this.
You’re welcome Larry! 🙂
The various ways discussed here are worth trying in order to determine which is the best, like a friend do says that what works for me may not for others. I would have had the preference of sponsor post over affiliated marketing but most sponsor post paid through paypal and some country doesn’t support paypal.
Thank you for the comments!
Thanks nate for sharing great informative post. Home based it’s not easy part. sitting at home and doing freelance its take time for hitting actual targets
It does take work in the beginning while you’re building. Once you stay consistent, keep building and stay focused you’ll be well on your way!
Hi Nate, I do have a retail website which uses dropshipping, it is the way I got started online and then into blogging. I also have made some dollars via selling an eBook and sponsored Tweets. I’ve done a couple of sponsored posts but they must really be related to my niche otherwise they are no good to anyone. I’ve also done some affiliate products too. There are so many ways to earn online but they all take time, no magic potion! Great topic Nate.
They do take time and I can agree with you there. So often times people see the end result and think initially it doesn’t take time. There is planning and action taking that takes place. Thanks Lisa!
Thanks for sharing this four tips on ways to generate passive income online.
To buttress more on your point, another innovative way is to act as a consultant. For me, I act as a blog consultant through my blog. The only and major requirement is to offer helpful tips and solutions to your readers. e.g. in my niche, my aim is to help people increase their blog traffic.
The second requirement is for you to be good or be an expert in the chosen niche.
This is another innovative means of generating passive income online.
Thanks for sharing, great tips.
Being a consultant is a great way of generating income online as well. There are many ways to make money. What I always say, “Take what you love to do, and move it online.”
There are of course diverse ways in making money but one thing ought to clear, making money online is all about patience but something most of us don’t have.
Exactly. Well said Emmanuel!
What great ideas for generating additional income. You outlined them with great detail. Thanks for sharing!
You’re welcome Courtney!
I have done 2 and 3 and I love both. I’ve had great experiences with both of those. 🙂
Right on Judy!
Thanks for sharing and as we approach the new year I plan on getting more involved in a more wide range of activities online with regard to retail promotion and one time sales. These are all great things to learn to make yourself well-rounded online.
Sounds like a great plan! Thanks Jason!
Awesome post, Nate!! Thank you for sharing your value!!! These are very simple ideas to help you generate passive income online! I use a few myself 🙂
Rock on Joan!
Great tips. I’m doing the home based business now. February 2014 will be my 1 year being with the company I work for. I don’t have enough traffic coming through my blog for pay per click advertising. Working on that for the year 2014! Happy holidays Nate!! =)
Keep moving towards your dreams Marielle! Thank you for the comments!
This was very informative, I like the PPc option but I am still in the waiting stage.
Sounds good Esha!
All great channels Nate. Sponsored posts rock it out. Once you get a rep you are far more likely to be able to land them. As for a home business I know of few better ways to generate passive online income once you have established your venture. Great share buddy!
Merry Christmas Nate. Happy New Year too.
Same to you too Greg!
I will opt for pay per click advertising such as adsense which could really fetch awesome income. I’m earning quite from google adsense so these is best ad network.
You’re welcome Anil!
Thanks for the article Nate. I’ve also heard that creating the information products is much more lucrative than selling the products. But it requires a lot more effort to get going at first.
Thanks for sharing.
Passive income is a good way to get onto the road to financial freedom. Some money making avenues require more work than others, but the return on your time and minimal investment can pay off for years to come. You can have a secure financial future for you and/or you and your family.
Some good points there Nate. The methods you mentioned all sound viable to me. But you have to be willing to put the effort in first before seeing the return.
Thanks for sharing.