make money real money
1. Start a blog.
Perhaps the most popular way to earn a
passive income is by launching your own blog. It only takes a couple of
minutes to set up and is cheap to start - just purchase your domain name
and pay for hosting.
After that, start creating amazing content
that people would be interested in reading or sharing. For example, if
you’re an accountant that has helped small business owners with their
taxes, then that could be your blog.
Make
sure the topics you write about are popular. If you still love your pet
rock, I doubt there would be enough people visiting your our site to
monetize it. But, you never know.
Once you’ve gained a following, you can start making money from of your blog by:
Earning commissions as an affiliate. This
is where you push other people’s products or services on your site.
Make sure these products or services are relevant to your blog. For
example, that accounting blog could become an affiliate for accounting
or invoicing software. Once you find an affiliate partner you’ll be
given a unique code so that whenever a visitor clicks that link on your
site you’ll earn your commission.
Sell advertising. If
your site has the traffic to become an affiliate, then it may also be
good enough for advertisers to purchase ads on your site. You may start
off small, like making under $20 per ad. But, you may eventually be able
to charge triple digits. Again, your site must be quality.
Find sponsors. This
is slightly different from just selling ads on your site. Sponsorships
may be a one-off piece of sponsored content or permanent logo embedded
in your footer.
2. Sell your own information product.
If
you’re knowledgeable in a certain area, then you can start creating
products, such as eBooks or videos, and selling them on your blog. It
may take a lot of work to create and market your products, but once all
the leg work is over, you can just set back and collect the proceeds.
3. Earn royalties.
If
you’re a talented musician, actor, or author, then you could earn
royalties from your work. In other words people will pay you for using
your work or creative assets.

If you aren’t talented enough, but still interested in earning royalties, then check out Royalty Exchange. It’s a marketplace where you can buy and sell royalties.
4. Create a membership community.
If
you’ve proven yourself to be a authority figure, then you can create a
membership community where you pay a monthly fee to receive additional
high-quality content and information that’s not available to
non-members.
One of my favorite examples is Timothy Sykes who
makes more than $100,000 per month in passive income through his
membership community which discusses how people can make money in
trading penny stocks.
5. Install an autoresponder.
Another
common online business model is using autoresponders to sell services,
products or memberships. This is where people leave their email address
on your site and then they’ll receive an automated email containing the
link to download products or quality information you have to offer, as
well as follow-up with a series of emails.
You’ll a need service like
OptinMonster to make this possible. I also recommend you read
this Quick Sprout guide to get started with autoresponders.
6. Flip websites.
If
you’ve put in the time and effort in building a website and you have
gained a lot of traffic, then you may be able to sell it to an
interested party by listing on marketplaces like
milkshake. I've bought and sold a lot of sites here and made a lot of money.
7. Sell physical products.
Just
like with a blogging site, there are several ways to earn a passive
income by selling physical products. Probably one of the best known ways
is by selling your old junk on eBay. But even if you don’t have
anything left to sell you can start drop shopping. This is where you
sell products for a company on eBay or Amazon and they’ll take care of
the rest -- including shipping.
You can also launch your own eCommerce store by using Shopify.
They literally give you everything you need to sell products online
from a complete online shop to including buy buttons on your social
media channels.
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8. Invest in stocks or shares.
When
you invest in stocks you become a stakeholder. That entitles you to a
share of their profits. Investing in stocks has been a popular way to
earn a passive income for years, and thanks to the internet, it’s easier
than ever to research and invest in stocks on your own.
Keep in mind that the stocks you invest in
can change throughout the various stages of life. For example, I look
for investments that can benefit my daughter, such as a CA529 plan that will go towards her college tuition.
9. Peer-to-peer lending.
Companies like
LendingClub,
Propser, and
Harmoney have
created a new industry where anyone can become a lender. They will then
match you with a consumer who either prefers or has trouble securing a
loan from a bank. You can earn a higher interest rates on the loans you
issued since you’re dealing directly with the borrower.
10. Rent out property.
Thanks
to Airbnb, you can rent out your home while on vacation or your
vacation home when not in use. You can also rent out your garage,
parking space, or unused office space. It’s a nice supplemental income
without really doing anything except placing an ad.
Related Book: Moonlighting on the Internet, 2nd Edition by Shelby Larson
11. Hire a middleman.
This
is also known as arbitrage and is basically where you have someone else
do the work for you. For example, you could start a dog walking service
or web design firm, but outsource the actual dog walking or coding to
someone else. You’re much better doing anything except being the
middleman who is in charge of marketing these services.
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