In this post I will give you a brief outline of the best ways of earning a passive income using the internet (my opinion). I am not going to go into the full details of how each of these passive income sources works. I want to let you know the sources and the income potential available.
The first way is to start a blog of your own. You will need to create a self-hosted, wordpress blog. This will provide you with full control over the design and content of you blog.
You will need to purchase a domain name and web hosting to install the blog and make it live on the internet. Most web hosting companies provide easy installation of WordPress software. The hosting and domain name will cost you some money, but the WordPress software is fee.
There are many free themes and plugins you can use to customize your blog. Once you blog is set up you will need to post content relevant to your chosen niche. You will be able to monetize the content using affiliate marketing and advertising via Google’s Adsense program.
Monetizing your blog will take some time, as the content of you blog (your posts) will take time to get picked up by search engines. It will be beneficial to learn some Search Engine Optimization (SEO) to help your posts get ranked for relevant keywords and key phrases.
There are a select number of bloggers earning in excess of $100,000 monthly, the highest being over $1,000,000 monthly. There are many variable that determine a blogs earning, including the blogger, the niche and also the age of the blog.
There are also many niche blogs created and monetized using the Amazon Associate program. Some of these blogs earn in excess of $10,000 monthly.
You can easily start a YouTube channel, but it will take time and effort to monetize it. You can start by placing affiliate links in the description of videos relevant to your chosen niche. The long term goal should be to monetize your YouTube channel using Adsense adverts.
Your videos will need to rake up over 4,000 watch hours within a 365 day period and your channel will need to have over 1,000 subscribers to qualify for monetization via Adsense.
Some YouTubers are earning in excess of $100,000 monthly, the highest being in excess of $240,000 monthly. The niche, blog content and also the age of the blog will determine the monthly earnings.
Another excellent source of passive income can be earned using Amazon’s Kindle platform. You can publish ebooks on the Kindle platform for free and earn commission when people purchase your books.
A select number of ebook authors/publishers are earning in excess of $10,000 monthly from Amazon’s Kindle platform.
Print On Demand
Print On Demand is another major source of passive income. You can upload designs from T-Shirts, Hoodies, Bags, Mugs… once they are bought from the platform hosting the merchandise, you get to earn a commission.
One of the most popular print on demand platforms is Merch by Amazon. This will let you list T-Shirt and other apparel designs on Amazon sites around the world. Once a product is purchased Amazon takes care of the whole sales process, from order taking, printing, shipping… you are paid a commission as part of the sale.
The commissions may not be large, but can add up to a nice monthly passive income. There are other print on demand platforms like Teesping, Red Bubble…. but Merch by Amazon generates the most orders without much marketing involved.
These are some of the passive income streams that I am building-up. You too can get started with these, they don’t require much start up capital. They require time and effort, but the rewards can be massive.
Some of the above passive income sources are already earning me a monthly passive income. The amount may not be that significant currently, but the potential is there to increase it over time.
It Takes Time And Effort To Create Online Passive Income Streams
There is no magic formula for earning passive income using the internet. It takes time and effort, the above passive income sources are working for many people worldwide. A select number of people are earning in excess of $10,000 monthly using these passive income sources.
The initial work involved in building up these passive income sources is beyond most people. Most people are lazy in nature and always looking for short cuts to earning money online. This mindset will make you lose money month after month, moving from one opportunity to another.
If you are serious about building passive income online, put in the initial effort to create the momentum required to make it possible. Nothing is impossible, even the invisible can become visible. The power of your mind combined with correct action can lead to massive success.
I keep on reminding myself of my goal of earning $5,000 monthly in passive income using the internet to stay focused on it. This constant reminder helps to sink the message into the subconscious mind, where the impossible transforms into the possible.