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Here we will discuss how to build your passive income while using internet. First, it is important to understand what passive income is. Passive income works for you. You do not have to work for it from nine to five (round a clock). Once you built a system, it gets making money for you. For example, you have purchased or constructed a building and rented it out
The digital revolution is a blessing for all those who are wishing to make some extra cash from the comfort of their homes. Now you can earn passive income, in addition to that never increasing monthly pocket money of yours without moving leaving your house.
In digital era, horizons for new income streams have emerged. These income sources include video publishing, contents writing, ecommerce business, digital products, content sharing, freelance services, affiliate marketing and digital marketing etc.
For making extra income, you need to work first to build your digital presence on social media where you can share your content. This content might be your videos, ecommerce merchandise, affiliate links, digital products, blogs, article etc.
These are a few brilliant passive income ideas that you can use and earn money without having to leave your comfy couch.
1. Start your YouTube channel
One of the most popular automated passive income ideas is that of a YouTube channel. All it takes is to sign up and then the game begins! This form of passive income that people of all ages, not just students, but everyone can do. Setting up your very own YouTube channel is quite simple, & it will take no more than a few minutes to create a channel.
Next step is to brainstorm content ideas, get inspiration from popular YouTubers and create original content to post on your channel. The more you get views per video and subscribers, the higher will be your income figure! You need to stay in single niche on your channel. In this way, you can get more viewership.
Follow leader of your niche on YouTube in content creation, channel SEO, video title, and video description writing. Use his strategies to grow your channel. Do not copy his content, but create original content while using his strategies. It is the smartest way to grow your digital presence at any platform. Let say, if you want to start YouTube channel in educational niche, Khan Academy might be your leader in that niche.
2. Become a blogger
Another passive income idea for persons of all the age is to start a blog if you have an inner desire to write. Purchase a domain and get webhosting from Blue host or Hostinger or Hostgator at affordable prices. Even if you are not up for writing, you can blog about food, or lifestyle or things that you generally like in life. So, firstly, find your niche! What fascinates you? Is it fashion, lifestyle, food, or something else? Once you have figured this part out, you are good to go!
WordPress is the best platform for a blogger to start. It works best for a blogging website. A blogging website is easy to develop, build, manage and run. WordPress has a lot of plugins, tools, themes and weapons for a beginner to enter the game.
We recommend using Gutenberg in start to build your pages and to add customized elements in your blogs. Gutenberg is official page builder of WordPress. Gutenberg works based on blocks. Use blocks to add new elements (table of content, heading, Instagram feeds, Facebook post, responsive post summary etc.) to your blog.
3. Affiliate Marketing
Another way to earn passive income is Affiliate marketing. It is the selling of ideas, products and services of businesses using internet on commission basis. In simple words, you sell out the products of others on your website, blogposts, YouTube Videos, Instagram account etc. Affiliate marketer gets commission on every signup, click, download, watch time and purchase.
Hence, affiliate marketing allows businesses to outsource their sales to influencers, YouTubers, Tik Tokers, bloggers, ecommerce resellers etc.
For affiliate marketing, you must have active presence on internet. Once you have built your presence on internet, it gets making money for you. Affiliate marketers most commonly use blog posts and articles to sell products. Now, they are using Pinterest, YouTube, Instagram and Facebook for this purpose. WhatsApp and Tik Tok have also pinched their unique place in this arena.
4. Selling your Knowledge
You can sell your knowledge on internet using Udemy, Coursera, Skillshare and even your own website. You have just to record your videos and create a course and then sell it. Then share your course using social media platforms like Facebook, Twitter, Instagram, Pinterest, LinkedIn etc. Selling eBooks on Amazon Kindle is another to make money.
You earn high margins when you sell your knowledge on your website. Udemy, Skillshare and Coursera charge fee on your earnings and you receive net amount. By selling on your website, spend on your website from the fee you have saved by not paying to such platforms.
Students and internet viewership like eBooks, video course, text-based short courses, short articles, mcqs, comprehensive notes, quick revision summaries and mind maps. There is a great potential of earnings by selling on your blog.
5. Print on demand
Print on demand is an emerging way to earn money from internet by selling your designs on merchandise like t-shirts, mugs, paintings, blankets, pillow covers, bed sheets etc. Redbubble, Teespring, TeePublic, Spreadshirt provide you this facility to do this.
Customers visit your store on these websites and they order the product they need. Then such websites print your design on merchandise, deliver it to customer and receive payments. You get a commission on each or share of sale price.
Closing lines
People usually use YouTube channel, blogging and affiliate marketing as online passive income streams. However, selling knowledge and print-on-demand are emerging concepts on the way. Apparently, it feels that all these sources are passive.
In fact, you need to work on it for 1 to 2 years consistently to enable them to make money for you. Once they starts making money, then the game begins and rest is the history of your success. Hence, consistency is the key to your success.
All those income streams work on automation and make you independent of the location you residing. No need to have any office. Just have an internet, sign up, learn the skill, practice it and then launch your brand on YouTube, Blog, Affiliate marketing, social media and print-on demand.
Thanks a lot for visiting our website. Stay tuned with us for more exciting content.
