Investing your time in creating a blog about a topic you enjoy, such as fishing, can reward you with a passive income in the future. There is a low upfront investment for a domain name and hosting; building a website is easier than most people imagine. Website hosts usually offer WordPress, so you can start designing your website immediately. Expect to spend several months creating content for your blog and polishing the design before generating a penny in income. The two most rewarding ways to earn a passive income, Google AdSense and most affiliate marketing networks, will want to review your website before allowing you to join their programs.
What is Passive Income?
A passive income is an income that keeps coming in after you have done the majority of the work. You may make money while you sleep, but you’ll work when you are awake. You cannot start a blog and never touch it again, as several online commercials imply.
How Much Can I Earn?
About half the bloggers who are blogging for money earn less than $1,000 a year. Don’t get discouraged, many of these people have given up, found a better job or just got bored. About 17 percent of bloggers make more than $1,000 a month, many earn significantly more. You’ll earn more if you work more, just like any other occupation where you work for yourself.
Earn a Passive Income with Google AdSense
With Google AdSense, you place ads on your blog and each time someone clicks on the ad, you earn money, which can vary significantly. You cannot click on your own ads, nor can you encourage your visitors to click on them. Google will select relevant ads based on your blog’s content. You do nothing but maintain your blog and follow the AdSense guidelines, such as no hate speech on your website.
To earn a passive income with Google AdSense, you need website traffic. The more people that visit your site, there is a greater the chance that someone will click on an ad. Learn search engine optimization techniques, which will help you earn a higher position in the search results. Promote your blog on social media as well.
Become an Affiliate Marketer
When you become an affiliate marketer, you earn a commission by promoting a company’s products or services. A special link with your affiliate code signals the company that you sent a lead to them. If the person makes a purchase, you receive your commission. There are affiliate networks that have affiliate offers from various companies.
Affiliate networks combine your earnings from each company once you reach the threshold for payment, you will receive a check. Some individuals find that becoming an Amazon affiliate is better that joining an affiliate network since Amazon sells just about everything.
To become a successful affiliate marketer, you have to pre-sell a product. If people land on your website, they are looking for more information. A person who wants a specific book will head straight to Amazon, however, a person that wants more information than Amazon provides, will do their research online. If you can convince a person and they are ready to buy, they will click on your affiliate link, since it is so easy.
While website traffic is important, the most successful affiliates establish themselves as experts. If you created a fishing blog, and your readers value your opinion, they will buy the fishing rod you prefer.
Become a White Label Reseller
Would you like to sell SEO services or social media management services without performing any of the work yourself? You start a blog around SEO or social media management and find an agency offering white label services. You sell their services at a higher price than you are quoted once you sign up.
The customer does not know that you are not doing the work yourself. Your job is to pass the order along, keeping your profit. While technically not passive income since you have to place your customer’s order and occasionally answer questions, you are not doing much work at all for your money.
Search white label reseller and you are sure to find a service that you can sell. Make sure that your spouse; significant other or a friend understands what you are doing and how to pass on the orders. If you are ever ill, in the hospital or otherwise out of service, the money will keep flowing.
Dropshipping is similar to being a white label reseller except you sell physical products from a company that offers a dropshipping program. You list the products for sale on your blog at a higher price than the company charges you, pass the order along, and then you keep the difference. The company ships the products to your customer; however, they don’t reveal their company name on the packaging.
The key to becoming a successful dropshipper is to choose a company to work with that does not sell their products online. It will be almost impossible to compete with them. Additionally, you should order a product from the company first, to ensure that they sell good quality merchandise. Otherwise, you will have to deal with numerous returns.
Maintaining a blog that people will want to revisit is hard work. You have to constantly come up with new content ideas. Still, it is possible to earn a passive income while working from home and spending more time with your family. All of your hard work is for you and your family, not for someone else. This is very motivating.
Once you work for yourself, it is hard to go back to work for someone else, especially when you get used to working the hours that you prefer. Operating multiple websites and blogs with different subjects and income sources, may help you earn enough to replace your full-time income. You shouldn’t place all your eggs in one basket; having multiples types of passive income is safer, and typically more lucrative, than having just one type.