12 WAYS TO EARN PASSIVE INCOME ONLINE

12 WAYS TO EARN

PASSIVE INCOME 
ONLINE

What is Passive Income?

The common definition of passive income is income that you earn without being actively involved.

That typically means that you continue to make income with no or very little effort on your part to maintain that cash flow.

1.Sell your Photography on the Internet

If you like photography you may be able to convert it into a passive income source. Photography websites such as Shutterstock and iStockphoto can provide you with platforms to sell your photos. They may offer either a percentage or a flat fee of each photo that is sold to a site client.

In this way, a single photo could represent a residual income opportunity, since it can be sold again and again. You simply need to create your photo portfolio, put it on one or more photo platforms, and then the activity becomes completely passive. All the technicalities of the photo sales are handled through the web platform.

2.Make Videos on Youtube

This is a venture that is growing rapidly. You can create videos in just about any area that you like – music, tutorials, opinions, comedy, movie reviews – anything you want . . . then put them on YouTube. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads. When viewers click on those ads, you will earn money from AdSense.

The keys will be to create compelling videos, to promote those videos on social media websites, and to create enough of them that your income will be coming from multiple sources. There’s a good bit of work that goes into creating videos, but once a video is done it can become a completely passive cash flow source for a very long time.

Today more and more people are coming on YouTube and making a great amount of money passively. But still for an example let’s just take pewdiepie who has over 15 billion views on YouTube, just imagine how much money he is making and not just him many people are making their living just from YouTube and so can you.   

3.Make money by building Apps

Apps can be an incredibly lucrative income source. Think about how many people today have smartphones. it's just about everybody! People are downloading apps like crazy – and for good reason…

Apps make people's lives easier. Whether it's an app that helps people put together nice pictures for their blog or an app that keeps track of tasks, there are helpful apps out there for everyone.

You might be asking if there are so many apps out there, why would you want to attempt to create an app? Isn't there a lot of competition? Well, yes, but fresh, creative ideas can win. If you can come up with something unique, you can make quite a bit of money. Simple – yet unique – apps can be pretty passive.

Just make an app if it’s a normal app connect it to Google ad mob which will show ads on your app and you’ll be making money from that or you can publish an app by which you can sell your own stuff it could be physical or eBooks etc(based on your idea).

And if you don’t know about programming stuff no problem you can hire a developer to build your app based on your idea. This could end up being an expensive option, although it will probably yield a professional-looking app, which will be making you passive income.

4.Make money by blogging

Thousands of blogs are created every year, and thousands are either completely abandoned by their owners sometime afterward. If you can buy blogs with a reasonable amount of web traffic – as well as a demonstrated cash flow – it could be a perfect passive income source.

Most blogs employ Google Ad Sense, which provides a monthly revenue stream based on ads that Google places on the site. There may also be affiliate programs generating additional revenue. Both income sources will be yours once you make or purchase the blog.

You just have to write on a successful niche to make money soon. Many people as said are making money by blogging this is also a very easy way to earn more than $10,000 a month.

5.Money from E-books

Much like writing an ebook, there’s a lot of work upfront. But once that’s done, and the book goes into the sales stage, it becomes a completely passive venture.

This is especially true if you can sell the book to a publisher who will pay you royalties for the distribution and sale of the book. You’ll get a percentage of each sale made, and if the book is fairly popular, the royalties could be substantial. Just as important, the royalties can continue flowing for many years.

You can write your own book and publish it to certain platforms like Kindle which is a very big marketplace for e-books and earn royalties passively. And if you don’t want or you are not an author you can still try this way by hiring someone to write your book in cheap price after done you can make a lot of money from it without even looking at it.

You can hire someone for writing your books or making covers from upwork.com & fiverr.com.  

6.MAKE AUDIOBOOKS

Audiobook is an incredible stream of passive income if you do things the right way. Leverage Audible's ACX platform to push out your audiobooks to the world's most robust platforms such as Audible and iTunes.

If you have specialized knowledge or advanced skill sets in some area, you could opt to teach them through audiobooks. However, you have to focus on delivering an enormous amount of value and ensure that you have a high-quality production.

If you are a good speaker trust me it is the best platform for you earn money make sure to try this.

7.Create an online course

Everyone is an expert at something. Why not create an online course about your passion?

There are a number of ways you can produce and host your own online course. One very simple way is to use a website like Teachable.com. Teachable as over three million students and is a great way to get your content in front of others for their consideration.

Once you create an online course, it can work for you while you sleep!

So what do you put in your online course right? You can add video lessons, checklists for completing steps you recommend in your video lessons, small ebooks to supplement the lessons, audio files for people listening while traveling, informative interviews with like-minded experts, and a whole bunch more!

In fact, you can create several packages at different price points. Some people will want everything, so you can include ‘the works' for the highest price point and then have two lower price points so that you can receive the largest possible volume of orders.

8.Try affiliate Marketing

Affiliate marketing is likely one of the most powerful ways that you can produce multiple passive income streams. However, this isn't easy by any measure. To succeed at affiliate marketing, you need a large following of users. In other words, you need a big platform and audience.

When you don't have a platform or audience, you need to run ads, which can get costly. If you know what you're doing and you're a seasoned internet marketer (IM), you'll succeed. But it takes time to learn the ropes. Still, this is a great way to sell products and services that you don't own, effectively becoming like a broker while earning a healthy passive income stream.

You can succeed without a huge audience if you promote the product on your social websites for money. If you apply good strategy you can succeed without a huge audience, otherwise, this method is more preferable to those who have blogs and active websites or huge audience.

9.Amazon FBA

Digital products aren’t the only things you can sell online: you can also sell physical products. Managing everything yourself is tough but there are other options. 

The “Fulfilled by Amazon” program is another really popular passive income idea that’s being promoted a lot in 2017. Basically, you create a physical product (or buy one in bulk from China) and have it shipped directly to Amazon. Amazon then lists it on their website, sell it and deliver it. They obviously take a decent cut but they’re doing most of the intensive work.

Although FBA is a popular idea, it’s also a tricky one. Developing your own physical product is really difficult and bad Chinese knockoffs may not be very easy to sell. Finding something that works is not for the faint of heart though the rewards might be worth it. There are people earning well with this strategy though. 

10.NETWORK MARKETING

Network marketing, or multi-level marketing, seems to be on the rise. Companies such as Young Living Oils, Avon, Pampered Chef, and AdvoCare are all multi-level marketing companies. You can earn passive income through network marketing by building a team underneath you (often referred to as a downline.) Once you have a large team you can earn commissions off of their sales without having to do much.

11.Make money by building Apps

To save time and effort, a person can group two or more of their passive activities into a larger activity provided they form an ‘appropriate economic unit’. When a taxpayer does this, instead of having to provide material participation in multiple activities, they only have to provide it for the activity as a whole. In addition, if a person groups multiple activities into one group and has to dispose of one of those activities, they’ve only done away with part of a larger activity as opposed to all of a smaller one.

12.Licensing Music

Just like stock photos you can license and a royalty off of your music when someone chooses to use it. Music is often licensed for youtube videos commercials and more.