It is a common scenario to work 40 or even 70 hours weekly, just for us to have enough money to pay the bills. In some instances, it’s a common idea to have an extra job just to make ends meet.
But what if you can earn additional income without spending time at work? There are two other options that you can explore if you want additional income. You can either have people work for you by setting up your own business, or set up passive streams of income.
Passive income over the years has been associated with real estate investments and a well handled portfolio. With the changing technology, the internet has provided a number of passive income ideas online.
These passive income ideas only require a small amount of money and your time. Does it sound too good to be true?
Discover My List of the Best Passive Income Ideas for 2019
Monetize a blog
There are two common ways on how you can monetize a blog. You can either make use of affiliate links, or you can get advertisers to pay for a spot on your blog. However, for some popular sites, blog owners could even get paid for simply featuring a product on their site.
But before you think of making money from your blog, it is imperative to first consider the content of your site. Content is what keeps the traffic going. Without high quality content, you can expect less traffic, and therefore fewer monetary potential for your site.
First rule of thumb is to find a good copywriter. If you don’t have the time and the talent to write engaging content, you have to make sure that you get a talented copywriter. It is also important to you find your niche. It is a good idea to have an idea who you are writing for. Next, you also need to ensure that you find topics that are interesting.
Write an e-book and sell it
Another possible source of passive income online is an eBook. Thanks to the World Wide Web, it is so much easier to become an author today Gone are the days when you need to submit manuscripts to publishing houses, begging for an opportunity to be legitimized as an author.
These days, the requirements are not too demanding. Minimum of 2500 words and you already have an e-book. After completing the writing process, you can now sell the e-book on Kindle. Of course, you should also remember to edit the work. You can hire editors who can proofread and improve your e-book.
How exactly do you maximize the sales of your e-book? Here’s where keyword research plays a major role. By performing strategic keyword research, you will be able to determine, not only the volume, but also competition on given keywords.
Next, you also need to consider other factors other than the content of your e-book. You will need to consider the cover, the title and the reviews. To know more how to effectively publish an e-book, you can read all about it here.
YouTube
These days, there are over a billion people who make use of YouTube. In 2015, 19% of small businesses have used YouTube to advertise what they can offer. The good news is that YouTube is now acquired by Google. This only means that there is a possibility of earning passively.
How exactly do you earn money from YouTube? You will need to agree to monetize your YouTube channel. This gives permission to YouTube that they can place ads on your videos. But of course, the videos should meet the copyright requirements.
Does it mean that you are going to make a Vlog? This isn’t always the case. You can post different types of videos to get the attention of your audience. You can choose to post from how-to tutorials to movie reviews. The good thing about YouTube is that you can be creative in making your videos.
With proper lighting, editing software and a professional camera, you can already go a long way in making your YouTube video. And just like a blog, you can also get paid for reviewing and promoting brands once your YouTube channel is already popular.
Design a course and sell it
There is a huge demand for information in the World Wide Web. People search for DIY tips to how-to-guides online to expand their current skills and knowledge. However, people have to do their research and pick the right lessons that are applicable for them. And in most occasions, free lessons online are not structured. And also, it may not involve extensive discussions and trade secrets.
Here’s when paid courses matter. There are websites that offer paid courses online. There are sites such as Coursera that offer modules designed by leading universities all over the world. Other than Coursera, you can also design your own tutorials and sell it to people who are interested. You can have it uploaded in Udemy and earn passive income. Lectures vary from different topics. It ranges from web design to social media marketing courses.
Sell shirts online
If you are a creative individual and you think that a lot of people could be interested in buying your designs, might as well try making a shirt and sell it online. Unlike the usual T-shirt business, wherein you need to have your own brand, there are now sites where you only make your own design and wait for people to order.
Teespring is a great platform that you can use in order to sell your designs. Teechip is another platform that you can try if you plan on making shirt designs.
So which is the better option? Be sure to read reviews and do your own research. Better yet, try both platforms and see which one works best for you.
Conclusion
Finding another source of active income can be tough. Setting up your own business involves a lot of risk. On the other hand, working extra jobs and spending more time at work can be detrimental to how you live your life. The good news is that you have the World Wide Web for passive income options. With these opportunities, it is possible to build other streams of income that can complement your full time job.
Have you tried any of these passive income ideas online? Leave a comment below and tell us what you think!