I know what you’re thinking: passive income? As a middle-class person looking to reduce your financial stress, you’re probably wondering how exactly you’re supposed to make money online using evergreen content (content that will never go out of date).
In case you’re wondering, passive income is a type of income that doesn’t require you to do any of the following:
- Devote massive amounts of time to an online marketing initiative.
- Trade your financial assets (stocks, currencies, etc.).
- Take on additional debt (mortgage, credit card, etc.).
- Work for an established company.
- Dress up in costumes and perform in skits.
- Join a cult.
While it’s never easy to find extra income, you can apply the tried and true techniques used by successful online marketers to easily create a side business that can provide you with the passive income you’re looking for.
In this article, I’ll walk you through the steps to create a passive income stream using content that you already know and love creating (blogs, website content, etc.).
Create Blogs To Generate Content For Free
Blogs are a fantastic resource for building a passive income business. Not only do they provide you with the all-important content that you can use to build your business, but they also provide you with the much-needed traffic that can help you grow your business.
You can use your favorite blog platform (such as WordPress) to quickly and easily create a blog that’ll serve as your moneymaker. When you first create the blog, make sure to choose a niche and pick a catchy blog name. Once you have your blog set up, you can use it to attract potential customers to your Amazon products and offer them valuable advice, tips, and tricks on how to make their lives better.
This is an incredibly easy way to make money online and something that’ll never go out of style. As long as you can attract at least 500 monthly unique visitors to your blog, you can earn up to $5,000 per month. If you can grow your blog into a brand and begin to attract more than 500 monthly unique visitors, you’ll have the opportunity to earn up to $20,000 per month.
Curate Valuable Content For Free
If you’ve been searching for ways to make money online, you may have come across some of the free content curation platforms like Scoop.it, Tastemade, and Listverse. These platforms enable you to discover and curate content from prominent sources in a variety of industries (including tech, health, finance, and lifestyle topics).
When you curate content for these platforms, you’ll have the opportunity to choose from a variety of high-quality content (such as press releases, webinars, and podcasts) that can be used to build a substantial audience. The average user on these platforms generates about $600 per month.
These types of content curation platforms are a great way to generate passive income. While it’s always nice to have something immediately accessible, the key to building a sustainable business is in the effort you put in to continually creating content that’ll bring in the cash.
If you have a specific area of expertise that you can pull from, take the time to build a valuable blog around that information. For example, if you’re an expert on nutrition, you could start a blog that provides general wellness advice or guides readers on how to navigate the nutrition landscape.
Within this blog, you could write about the latest dietary revelations, health trends, and tips on how to achieve weight loss. The beauty of having a wellness-related blog is that you can easily integrate affiliate marketing and earn a commission on any product that you promote. If a potential customer clicks on a product mention and makes a purchase after reading your blog post, you’ll earn a small commission.
Along with your blog, you can use the above-mentioned platforms to curate content and begin to establish yourself as an expert in your industry. By doing this, you’ll be able to pitch potential clients and earn a commission on any products they might purchase.
To begin to generate passive income, you’ll need to have a financial account set up (either a savings account or a checking account). Once you have this, you can use a free tool like Acorns to invest your money in a variety of stocks and bonds that are focused on performing well, getting the attention of investors, and providing a great return on your investment.
Create An Online Store For Products You Love
If you’ve been searching for ways to make money online, you may have come across some of the online marketplaces that let you sell your products (usually digital or physical products) for others to purchase.
The great thing about selling your products online is that you’ll have the opportunity to connect with thousands of potential customers that are searching for what you sell. If you’ve got a product that people are looking for, you can make a nice chunk of change from the comfort of your home.
You can use your favorite e-commerce tool (such as Shopify, WooCommerce, or Amazon) to create an online store that sells the products you love. When someone purchases a product from your store, you’ll earn a small commission.
Sign Up For An Affiliate Program
If you’re looking for a way to make money online, you might consider exploring affiliate marketing. With affiliate marketing, you’ll promote products that you think are useful or appropriate for your target audience. In general, you’ll earn a commission when a purchase is made after clicking a link or making an action (such as sharing a post on social media or sending an email.)
To get started, simply sign up for an affiliate program (most will provide you with a free account) and begin making money online from an already engaged audience. You can use your favorite affiliate marketing tool to quickly and easily build a passive income stream. Just remember: to be able to generate the most revenue, your ads should be relevant to your target audience and preferably shareable (such as a meme or an animated GIF.)
Create A Newsletter
If you have a sizable audience, you can create a free newsletter that’ll keep readers engaged and provide them with valuable information that they might not have discovered otherwise. Newsletters are a fantastic way to provide free content that’ll keep your audience interested and help them make the most of what you have to offer.
Every month, you can use a tool like MailChimp to create a newsletter that contains valuable information about your industry, tips on how to navigate the industry, and product recommendations. Once you have your newsletter written and scheduled, you can use it to direct potential customers to your Amazon store to make their purchase.
In addition to the above-mentioned ways to make money online, you could also try online forums or groups where you can discuss products you love and how to make money from them. Alternatively, you could create your own YouTube channel focused on how to make the most of what you have to offer. Don’t be afraid to look for ways to make money online that don’t involve selling your products; exploring alternatives will help you find the best fit for your requirements and circumstances.
In summary, building a passive income business doesn’t require you to go it alone. Use the above-mentioned platforms and methods to find content, product, and potential customers that you can connect with and help build a thriving business. With a little bit of luck and a lot of hard work, you can achieve your goal of becoming a financially independent person. Good luck out there!