Passive Income Tips And Tricks
Passive Income Ideas
The following is a guest post by Kate Croston. If you would like to write for this blog, please checkout the guidelines here.
Who doesn’t want to generate passive income? You get paid to do virtually nothing, which has to be one of the most appealing ways to earn money because it allows you to accomplish other things and still generate extra spending money or even an extra income if you’re lucky. Passive income can come across as sounding kind of like a scam, but in true testament people are earning money this way every day, so why aren’t you? Here are five tips and tricks for earning passive income:
Add advertising to your blog
Adding advertising to your blog is one of the easiest ways to generate revenue from your blog and you don’t have to do anything once the ads are up – you let them do the work. There are several different networks out there that you can sign up for, all you have to do is put in the time to research with ad network will fit your blog niche the best. One of the easiest and most popular programs is Google AdSense. The key to making advertising on your blog work is to increase your traffic – substantial traffic translates into substantial clicks, which translates into substantial earnings.
Write an E-Book
The great thing about e-books is that you only have to write it once, but you can sell it for forever. Find something that you can be an expert about and then take some time to write an informative and helpful e-book that you can market to your blog readers for a fee. You can then let the residual income from the book continue to roll in long after the one-time task of writing it is complete, something that makes that initial time investment completely worth it!
Get involved in an Affiliate Program
By becoming an affiliate for a certain product or store you will allow them to advertise on your website and you will make a certain percentage off of the products they sell from people clicking through your site to theirs. It’s a type of commission based pay where you don’t have to do anything except let their products promote themselves on your website. Make sure that whatever you are endorsing is relevant to your blog niche; otherwise it will seem out of place and probably won’t appeal to your target audience as much.
Utilize Google AdWords
These types of pay-per-click campaigns can be especially beneficial if it’s a product that isn’t being heavily promoted by competitors. One neat aspect of Google AdWords is that you can set it up to promote your product or you can set it up to promote your affiliates product… or both! Setting it up for multiple campaigns is a great way to earn even more money.
It’s not that hard
Earning Passive Income is not a difficult task, just one that can be somewhat time-consuming when you’re first getting started. This is one of the main reasons why so many people fail at it – they don’t want to put in the time and effort. Like any successful venture though, you have to be willing to do some work to see the results, and once the work is done the end result will be letting money roll in with little to no work on your part. Having a passive income will allow you to pursue your other passions or even just make some extra money while you’re working your full-time job – and who can complain about that! So what are you waiting for? There’s no time like the present and no reason not to give it a try.