Welcome, my passive income guide. Start today world 2nd largest riches person Warren Buffett quotes “If you don’t find a way to make money while you sleep, you will work until you die.”
What is passive income?
Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved.
If you want financial freedom you have to develop passive income.
“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.” – Robert Kiyosaki
There are many passive income systems. I will share with you some passive income models.
If you don’t find a way to make money while you sleep, you will work until you die.
Start A Blog:
Blogging is a very famous method to earn money. A good blog can change your life.
You can make a million dollars per year. If your serious blogging platform & making good content daily. You can earn the 3-6 month to make decent part-time income.
You can earn from blog many ways. Like
Advertising, affiliate marketing, digital products/software, physical products, service sell
Why choose readymade niche blog:
- Premium Theme – Custom Designed, Premium WordPress theme (this alone would cost $70 without the customization!)
- PLR Articles – 100% unique articles (written specifically for this package)
- New Design – 100% unique design / color scheme
- Royalty Free Images – High quality, professional stock images (featured articles)
- PLR Ebook – Integrated PLR Ebook package (formatted + rebranded design)
- Ebook Sales Page – Integrated sales page (integrated into blog page)
- Custom Order Button – Custom ebook order button design
- SEO – Pre-installed SEO Plugins including Site Map
- Easy Layout – User friendly site layout
- Source Files – All PSDs for site graphics, ebook, ads, etc.
Multiple Revenue Streams!
- Sale Of Ebook – Sell Ebook and keep 100% of every sale
- Ebay or Amazon Store – Integrated eBay or Amazon store (easily managed from the admin panel)
- Adsense – Integrated Adsense (easily managed from the admin panel)
- Affiliate Ads – Customized Affiliate ads (easily managed from the admin panel)
- Custom Blocks – Add any custom content (easily managed from the admin panel)
Sell Products On A Website: you can sell your digital product and physical products
Buy A Blog: before buying a website you must follow some guideline.
- Make sure you know who owns it
- Use the Wayback Machine to see it’s history
- Look at some SEO/traffic signals
- Carefully examine the stats provided
- Details of revenue and expenses
Affiliate Marketing: Affiliate marketing is one of the most favorite income methods. You can highlight products or services you use and love without having to do the work of creating or maintaining that product yourself. You don’t need to create your own product. No need customer support. No tension about product quality. To know more details about affiliate marketing read here.
Build An App: Create An Online Course: global e-learning market size day by day growing.
Total market size of 160 billion dollars. Udemy is one of the big online course platforms. Make An Online Guide
Write A Book:
Writing a book is a good passive income model. If you want to income more read this book How To Write An Ebook And Make Passive Income: Learn How To Start A Home Based Business Writing And Selling Ebooks Online
Use Photography: If you passionate about photography. You can earn passive income from them. Stock photography is good platform to sell your own photo. It’s a good way to earn a stream of passive income! Become a contributor for sites like iStock, BigStock, and ShutterStock, or upload your photos to your own personal Flickr account and license them through Getty Images.
Create A YouTube Channel: YouTube is a great platform to earn money.
YouTube is a part of Google. So you can monetize your channel with google adsense. If you make a channel & continue to develop good content you make massive income from YouTube channel. I know some of youtuber earn seven digits earn monthly passively.