Have you ever dreamed of starting an online business that generates passive income even while you sleep? Think about how much more enjoyable life would be if you had the freedom to spend most of your time doing what you wanted while still bringing in enough money to live comfortably every month.
In this article, I will teach you a simple, time-tested strategy for earning passive income online. Whether your end objective is to supplement your current income or to make enough to allow you to quit your day job totally, this strategy can help you get there.
You must first accept the fact that there is no silver bullet before learning about online passive income opportunities. Only tried-and-true methods will do, but you’ll have to put in the effort. Every day, devote at least a few hours to working on your online, passive income business, which I call “profit hours.”
Let’s get started right now learning about passive online income opportunities.
First, zero down on a specific market niche.
Finding your specialisation is the first step. Your target demographic is the niche. In the market, you can find thousands of niches that can turn a profit. Topics like debt, weight reduction, making money, disease, and other similar issues are good candidates for profitable niches.
The following are some of my favourite places to go online to think of niche ideas:
Best-Selling Items on Amazon
The Clickbank Market
Articles from the Buzzle
In the second phase: Find the Search Terms
After deciding on a certain market to target, finding appropriate keywords is the next step in the marketing process. The keywords you choose will be the link between you and your potential customer. It’s how your potential customer will find you when conducting a search. The Google Keyword Tool is a fantastic free resource for finding relevant keywords. You should seek out keywords with:
Frequently-high numbers of monthly searches
Strong CPC (cost per click)
Domain Name Registration and Web Hosting Services: Step 3
It’s time to get your website up and running after you’ve settled on a major keyword and numerous secondary ones. A domain and hosting space are necessities. The low-barrier-to-entry associated with starting an online business that generates passive income is one of its many appealing features. A domain name and hosting both cost around $10 per year and $10 per month.
Installing Your Blog, Phase Four
In this section of “How to Make Passive Income Online in 2012,” you’ll learn how to set up WordPress, a popular and free blogging platform. If you don’t know HTML or how to code, WordPress is a great way to get your website up and running quickly.
Five, Insert Your Material
Your WordPress blog will need regular updates with fresh, original content after it has been established. The reader has to feel like they’ve gotten something out of reading your content and that it has helped them in some way. Your own original writing is preferable, but you can alternatively hire a service to do this for you.
Website monetization: the sixth step
Here comes the exciting part. The material you provide can include affiliate links, which will earn you a fee on any sales made by readers who click through from your site. Use Google AdSense to display advertisements on your website and earn anywhere from a few cents to tens of dollars each ad click.
Step Seven: Get Free Hits
Getting people to visit our blog is the last thing on our to-do list. Since this piece is about passive revenue, we require a free, ongoing source of readers. SEO, or search engine optimization, is the best method for accomplishing this. Create inbound links to your site from other sites with the anchor text containing your keyword. Better search engine rankings can be achieved by increasing the number of links coming from authoritative websites.
Once you get a high position in the search engines, you can expect a constant flow of traffic to your site. These viewers will automatically click on your advertising and affiliate links 24 hours a day, 7 days a week, allowing you to earn money while you sleep.
Congrats! In this article, we will teach you how to earn money online without actively doing anything. The next thing to do is put those plans into action so you can begin reaping the benefits of increased wealth and personal autonomy.