Check this out if you want to learn how to make money online free. You will also learn how to generate a passive income online.
In this post we are gonna be talking about great things that come from having a passive income source. We will also explain how to build one for yourself.
However, we will only focus on online passive sources today.
So if you are interested in making an income source that will make you money even while you are sleeping – stay with me.
So why is so good to have a passive income?
Well, for multiple reasons. The number one reason – you will earn money even if you are not working at that moment. You will lay foundations to your online business that will always make money you can count on.
This really applies to physical passive income sources as well.
If you want to become a part of the most caring online community out there check MY TOP RECOMMENDATION in the main menu of the website and create FREE ACCOUNT.
So let’s dig deeper into the financial freedom model called “passive income”.I ACHIEVED MY FINANCIAL FREEDOM HERE!
PASSIVE INCOME BEFORE ON-LINE ERA
Before the invention of Internet and affiliate and online marketing – you could only have a physical passive income source.
Some examples are: casinos, clubs, restaurants, cafes, hotels etc. You could say that this is the “hard mode” of building your passive income.
Why is that you might ask? Well, because you need really big investment of time and money and there is no guarantee at all you will succeed.
Also, unless you have a big pile of money, you will not be able to test out your luck for too long. Managing any of these properties is very expensive and you usually need experience to start.
Another big flaw of physical passive income sources is LIMITED AVAILABILITY and REACH.
What we mean by this is that your potential customers are usually people that live nearby. So even if you have the best service and price, you will only reach a limited number of potential customers.
That is why starting a place like a restaurant or casino is very risky.
On the other side, having an online business or a website is really affordable to have and there is almost no risk at all.
Your potential reach is billions of people. Anyone with Internet will be able to find you. It’s up to you to attract visitors to your website/online business.
PASSIVE ON-LINE INCOME – WHERE TO START?
Today, creating your website is piece of cake. Especially with great tools as SiteRubix. Two minutes and your website is ready.
Join Wealthy Affiliate and you will have two websites at your disposal – COMPLETELY FREE. So it is really is to start.
Hmmmmm…but where is the catch?
Well, if you are ready to put time and effort into your online business there is really no other catch.
Having an online business means that you will need to put everyday work. If you are ready to commit to your success, nothing will stop you really.
HOW WILL MY WEBSITE BECOME MY MONEY SOURCE?
Mostly through the content you will be putting there. We already covered this in our post about online business.
The process goes like this:
- You choose a NICHE
- You create a niche website
- Custormer finds your website using the search engines
- Customer makes a purchase via your affiliate link
- You earn a commission out of every sale
To really make this work it is best to start with the niche that is not overly competitive but still has enough people involved around it that it can actually make you profit.
We made a great post about choosing the perfect niche for your website. We recommend checking it out.
As we already discussed, you can set up a website in no time.
But how to fill it with proper content? What should you focus on?
Well, most people on the Internet search the solutions to their problems. They search for answers and information. They also want to make a purchase.
Your website is there to help them and assist them with anything they might need.FREE MEMBERSHIP, TRAINING AND 24/7 SUPPORT
IMPORTANCE OF HIGH QUALITY WEB CONTENT
This is really a key to your online success. There is nothing more important than this part of your website.
Without targeted, high quality and SEO content – you will not be able to convert and earn money.
Your content should be topic oriented, should have at least 1000 words per post and should be unique.
We already made some articles about SEO and we highly recommend checking them out for more details.
Keywords are playing another big role in your website content. They are also a part of SEO.
Creating posts that target great keywords is also gonna be one of your important tasks. Keywords, when used properly, can get you traffic and make your content reachable.
That is why it is important to have a good keyword tool. I recommend Jaaxy keyword research tool because anyone can really use it. It is very newbie friendly, the interface looks amazing and every important aspect of the keyword is right there before you.
Another great thing to know is that Jaaxy is FREE when you are a part of Wealthy Affiliate.
HOW CAN SOCIAL NETWORKS HELP YOU WITH POSITIONING YOUR BRAND?
Whether you are a blogger or an online store owner, it is highly recommended to be present on most popular social networks.
Today, social networks are used as a tool for engagement, promotion and gaining trust with your potential customers.
Social networks can also be used in boosting your online traffic, sales and exposure. You can also use social networks to advertise.
If used with good practice, advertising on Facebook can lead to new sales and clicks.
If you do not have already, you should create accounts on following social networks :
You might also consider having an account on LinkedIn, Quora, Reddit and Mix.
Managing your social networks is also gonna be one of your everyday tasks. Sharing your new posts with your audience is a great way of building your brand on the Internet.
You may use your personal profiles or profiles created specially for your business. Either way it is important to have some number of followers.
THE GOOD AND THE BAD SIDE OF ONLINE BUSINESS/PASSIVE INCOME
1. Work from home (or anywhere else)
2. Huge potential income
3. Low investment cost
4. You are your own boss
5. Available to anyone 24/7
6. You can create unlimited number of websites and use them as your potential income makers
7. Managing and accessing your business from anywhere in the world
8. Almost anyone can do it
1. Being separated from people/social part
2. It takes from 3-6 months usually before you start making some income
3. Consistent work is needed
4. Sometimes you might get overwhelmed
WILL I SUCCEED? WHAT DOES IT TAKE?
I will answer you with a counter question. Why would’t you succeed? Most of us started this as a way of earning extra income.
This will eventually change and you will start to dedicate most of your free time to this online project. You do not need to be a professional writer or experienced in this field to be successful.
That is really great news for anyone interested in starting their own first online business. You will get better with each post and expand your knowledge day after day.
Many successful members of Wealthy Affiliate that completed the training given at this platform are earning from 500-1000$ even if they have ”nine to five” job.
There are also many others that quit their real job and are dedicated working every day on creating their online business.
I must tell that you shouldn’t quit your real job before you are sure you can earn enough so you can support yourself.
As we already discussed, making money online TAKES TIME. There is no easy way and no shortcuts.
If you can dedicate at least few hours every day on building your online business – you will earn money after your first year.
From there, you will just continue to evolve and attract more visitors, create more content and earn MORE MONEY!LEARN ABOUT INTERNET MARKETING HERE
So it is up to you to make the decision.
Thank you for reading.
Feel free to leave comments and feedback.
Your Online Profit