5 Ways to Earn Passive Income Online

Digital marketers always want to earn income online. If such income keeps coming in even without any additional work so much the better. That is passive income which comes in steadily as a result of certain business activities you’ve carried out in the past. Passive income could be in form of a single stream or multiple streams. The more passive income keeps flowing in, the more gratifying things become. There are several ways marketers can attain this feat, but these here are five of the commonest ways.

1. Affiliate Marketing

Affiliate marketing is a way to help brands market their products, while affiliates earn commissions for their efforts. Because most products merchants are always looking for viable ways to spread the word about their products and to sell such products, the marketing activities of affiliates become very handy. Affiliates actively promote products through their own channels and to their own audience. Once a sale is made through any affiliate link, the affiliate earns a commission as per agreed percentage of the sale volume. This way, affiliates earn passive income from commissions for marketing products online. They earn a commission from every sale they help make. If you are an affiliate, the more people buy your advertised products through your unique affiliate link, the more money you earn. That is passive income.

2. Real Estate Investing

Real estate investing is one of the most popular ways to earn passive income. With a little investment, you can buy and rent houses, offices, apartment buildings, and other types of real estate. By making little adjustments for property maintenance, you can earn rental income each month for as long as you have tenants occupying your property.

3. Sale of Digital Products

Digital products are usually very hot items to trade online because people are always in search of valuable information. If you have the knowledge and the skills, you can package any type of downloadable or streamable media products and sell them online to make money. Popular digital products you can easily earn money from include eBooks, templates, and plugins, PDFs, printables, audio or video courses. You can design and create digital products from collections of recipes to design templates and even schematics. Once created, you can generate passive income by distributing and selling the products through popular websites like SkillShare or Udemy.

 
4. Rental Income on Your House

If you have quite a roomy home or you are going on vacation, you can rent out part of your home in partnership with reputable rental companies. This method works really well to earn passive income if you have free rooms to spare or if you are going out of town for a while. Some home owners at times throw in their cars or even boats for hire as part of the deal to earn a little extra income.

5. Investing in Company Stocks

If you know little about stocks trading, it is advisable to work with professional stockbrokers here. When you make a stock investment, you are essentially buying shares of a company. You can resell the shares for profit or you earn income from the company’s periodic dividends declaration. As the shares you own increase in value and volume, you get paid higher dividends at regular intervals. Since these dividends are paid per share, the more shares you own, the higher your earnings. However, it should be noted that trading in stocks is a bit risky though. The reason you need professional stockbrokers to help trade stocks for you. The passive income you earn depends on the vagaries of the stock market. The reason there are no guarantees. To hedge against risk, you can diversify your portfolio and reduce risk. Despite this risk element however, investing in company stocks is one great way to earn passive income.