In recent years, the phrase “passive income” has become ubiquitous as the traditional wages earned from a job have declined, while the value of assets such as real estate and stock portfolios have increased. In general, passive income is money the same person receives without having to do anything to earn it. It usually is a byproduct of a business or hobby and consists of money that is automatically generated by a computer or similar technology.
If you’re looking to make money online, there are several options. While some people justify working for teachers or landlords as a means of earning an extra bucket of cash, you can actually create passive income by taking advantage of the intermediary service providers that crop up all over the web. This blog post will discuss several ways in which you can earn extra money online without having to leave your home computer.
Create a Lifestyle Blog
Blogs, or web logs, are among the most popular and effective ways of creating passive income. A lifestyle blog is a specific kind of blog that documents the life of an individual or a family and usually is monetarily sponsored. The blog author considers himself to be a confident and opinionated blogger, whose work is intended to be both passive and influential.
Blogs are highly effective at generating passive income as they can be very targeted and have
a very specific audience. For example, a blog about technology, which you might find useful or interesting, is likely to be read by a small group of people who are familiar with technology, such as computer scientists, administrative staff, and those who are interested in technology or computers.
The blog author’s passive income stream is generated through a combination of product reviews, software suggestions, and money making techniques. The reviews are published and monetarily sponsored. The software suggestions are usually generated from actual users of a specific piece of software and are intended to passively inform other potential users of that software. Finally, the blogger uses a variety of money making techniques, such as affiliate marketing, to generate commissions from product reviews, software suggestions, and the sale of cheap and high-quality products.
Write a Review on Fiverr
Fiverr is a global platform that allows users to post and trade small tasks or services, such as data entry, blog writing, translation (both native and English to Spanish), or voice over in a video.
This platform has grown to such a size that it now offers a wide variety of jobs and services for those interested in creating passive income. Among the available services, you will find some that let you write product reviews that can be monetarily sponsored. So, if you’re looking to create a side hustle, Fiverr might be a great place to do so.
Start A Portfolio Blog
A portfolio blog, or personal finance blog, is similar to a lifestyle blog in that it documents the finances and fortunes of the blogger. However, portfolio blogs typically are not monetarily sponsored, but rather, they serve as a means of investing and insuring oneself against economic uncertainty.
The blog author is employed, has a fully-funded retirement account, and has no debt. He or she uses a variety of investments, most of which are marketable and can be traded. The blogger maintains a liquid asset base, which they use to insure themselves against the ever-changing economics that befall us all.
The blogger maintains a blog that documents their investments, both long-term and short-term, as well as the economic progress that they achieve through these investments. For example, they might invest in a silver investment fund for short-term profit, while also maintaining a longer-term investment in a gold mining stock. These are just two of the sixty plus investments that they maintain.
Use ClickBank to Write Ebooks
ClickBank is a global e-commerce platform that allows small businesses and solopreneurs to sell their products in digital formats. These products include e-books, software that they encourage their users to download, and audio courses. The platform is popular with small businesses and solopreneurs, as it provides them with a way to monetize their content, while still having the flexibility to choose their own hours.
Small businesses and solopreneurs can use ClickBank to create and sell e-books, which are highly effective at generating passive income. The e-books can be subscription-based, lead generators, or can be sold for a one-time fee. When a customer buys an e-book, they usually are provided with a unique key that can be used to access that book’s content at any time.