Create a Blog
Blogging is a very popular form of content marketing among digital marketers. If you have specialized knowledge and skills about a particular subject matter and you enjoy writing, you can create a profitable blog. You can use platforms like Blogger, Wix, WordPress or Squarespace to create a free blog. By the time your blog has sizeable following; you can decide to monetize it to earn passive income from it. The passive income can be earned through affiliate marketing, advertising, and sponsored posts. For your blog to be profitable, you must constantly create valuable and impactful blog content for the benefit of your readers.
Participate in affiliate marketing
Affiliate marketing is a great way to earn money online by promoting other people’s products to earn commissions. When someone clicks on an affiliate link advertised in your content and makes a purchase, you earn a commission from the sale. You can participate in affiliate marketing through credible and reputable affiliate marketing platforms like Strong Future International, SFI, Amazon Associates or ShareASale. On these platforms, all you really need do is to promote products as widely and as best you can and the platforms handle the rest including sales attribution and payment of commissions.
Create an Online Course
If you have the skills and expertise in any particular area of human endeavor, you can create an online course and sell it on platforms like Udemy or Skillshare. Once created, you can earn passive on the course if people find it valuable enough to enroll in and complete. However, you cannot earn this income if you are unable to put in the requisite upfront work that will help to generate passive income for you over the long term.
Sell Stock Photos
Are you a skilled photographer? Do you have the right equipment for good photography? Do you enjoy photography? If you do, you can earn passive income by creating and selling your photos on stock photography websites/platforms like iStock, Shutterstock, or Getty Images. Once you diligently put in the required upfront work which includes taking and editing photos, you can earn passive income over time from your work once the photos are uploaded on any of these platforms whose terms you must be ready to comply with.
Sell Digital Products
Creating digital products requires some skillful upfront work imbued with deep knowledge. This knowledge can be skillfully packaged in digital products like Research data, eBooks, printables, or digital downloads. These products can be a great source of earning passive income over time if, once you create them, you make the right efforts to sell them on reputable e-platforms like Etsy or Shopify.
Create a YouTube Channel
If you have the right equipment, skills and talent for creating quality how-to or entertainment videos, you can earn passive income on YouTube. When your YouTube channel has a sizeable number of following, you can then decide to monetize it. This will enable you to earn income from running ads on your videos, from affiliate links advertised on the videos, from sponsorships and merchandise sales through the channel. The only upfront work you really need to make your YouTube channel profitable includes creating and editing videos, and diligently building a sizeable audience. Once your YouTube channel is up and running, the following is sizeable and you are able to consistently post more video content, you can earn passive income from it over the long term.
Wrapping Up
If you are prepared to put in the requisite upfront work needed to earn passive income online, you can earn money from the work you’ve done in the past. You may even need to work less for the passive income to keep coming in. Once you have the right strategies in place, you can earn income in perpetuity through the foregoing passive income tips and tricks.
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