Create Passive Income Streams Today! – Do So With Little Or No Money
The world at the moment is in a bad place. At the end of 2019 and the beginning of 2020 the Corona Virus hit the world killing hundreds of thousands of people. It changed our lives, we have to stand a 2m distance from others, we have to queue to enter the supermarket, in fact we have to queue pretty much everywhere at the moment. Now, things seemed to getting better, then all of a sudden, out of the blue, the tragic death of George Floyd hit our screens and mobile devices.
This has led to looting and rioting throughout America and even other countries. The year 2020 has been a whirlwind already and we are only 6 months in! These terrible scenarios show that one minute you can live a normal life, but the next you could become ill, lose your job or even your life.
However, today’s post will have a positive vibe unlike the terrible instances above.
Rebuild A Business Online & Earn From Home
Today we will look at how we can earn a passive income online and also the best passive income opportunities.
I know what you’re thinking, “what’s that got to do with the above?”. Well, many jobs and livelihoods have been affected by the Corona Virus and also during the riots and looting in America. Although we cannot always guarantee good health or the terrible situation that happened to Mr Floyd, you can look at a back up income, in fact not just a back up income but a passive income.
As previously mentioned thousands of businesses and livelihoods have been affected by the virus worldwide and the rioting in America. The aim of today’s post is to show people that they can earn money online and can rebuild their finances from the comfort of their own home. The best type of online income is a passive income.
What Is A Passive Income?
Before we get into the best ways to earn a passive income, first we need to learn what a passive income is. Wikipedia describes it as:
Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income. Examples of passive income include rental income and any business activities in which the earner does not materially participate.
The Best Passive Income Opportunities
- Affiliate Marketing
Affiliate marketing is when you create a website or platform (e.g. social media or YouTube channel) to promote other peoples products or services. When someone uses your affiliate link to purchase a product or sign up for a service, you get paid. This is a great way to earn a passive income as you do not need to hold stock of the item, simply blog or promote about it and earn money by doing so. However, you do not have to have a blog you can just simply have a YouTube channel or a podcast or anything that allows you to promote products with a link.
- Stocks That Pay Dividends
Stocks that pay dividends will earn you money whilst awake and asleep. This kind of income normally does need an input of cash at the beginning but it can most certainly earn you a $1000+ a month. It does take time to understand stocks but once educated, it is an excellent way to earn a passive income.
- Website Ads
Website ads are exactly what they say they are; ads on your website. They act in the same way as a TV advertisement or a billboard. Companies put their ads on your site and you get paid if people purchase them via the ad on your website. This is easy work as once your site has enough traffic all you do is embed a HTML code onto your side bar or wherever you wish to advertise it and watch the purchases come in.
- Cost Per Click Ads (CPC)
A lot of passive income avenues rely on people clicking a link and then signing up or purchasing an item in order for you to earn. However, cost per clicks (CPC) works differently. You get paid every time someone clicks the ad. You do not have to rely on anyone purchasing an item but just simply clicking it. How easy is that? However, to make a good income from this you will need traffic to your site, therefore the more traffic the more clicks.
- Course Sales
I personally promote an affiliate marketing course called Wealthy Affiliate. I gain a commission for every person who signs up to the premium membership at Wealthy Affiliate. This commission is then paid to me every month for as long as they stay a premium member. So this is a very good earner. There are many courses out their that offer this (click bank etc).
- YouTube Videos / Ads
YouTube can earn you an extremely high passive income. Something as simple as creating a YouTube channel (which is free by the way) can earn a lot of money. See my post on how YouTube can aid your online business and certain ‘YouTubers’ are absolutely killing it online. YouTube ads also drive traffic to your channel and can pay well as well.
- Selling A Website
People will happily purchase your website if it has enough monetary value or has a lot of traffic coming in. Like I say in many of my other blog posts (click here) high traffic equals income.
How Can I Start One Of The Above & Earn A Passive Income?
There are still many other ways to earn a passive income however I felt the above were the easiest ones to start with 0 or low amounts of money. So, how can you start the above opportunities? Well you may have noticed that I have highlighted a few sentences in bold, this is because I can help you learn how to monetize all of the opportunities in bold with the platform I previously mentioned which is Wealthy Affiliate. Wealthy Affiliate is an online business building platform that concentrates on affiliate marketing like we mentioned above. I mentioned I get paid a commission for Wealthy Affiliate premium member sign ups, that is true, however, I recommend you start the FREE membership which will teach you how to create a website for FREE and how to drive traffic to it. Also, included in the Wealthy Affiliate platform is how to create social media platforms, how to implement ads onto your site and also how to create a YouTube channel and also so much more.
I recommend you take a look at my Wealthy Affiliate Review HERE to learn more about the platform. Also, I recommend you check out my Wealthy Affiliate training review HERE so you can see what you get with the great FREE membership and the phenomenal amount of training you get with premium membership.
To join Wealthy Affiliate today for FREE (NO PAYMENT DETAILS REQUIRED) click HERE
Change Your Life/Business Today
I hope today’s post on the best passive income opportunities has helped you realise that if you have lost your job or you business has suffered due to the Corona Virus or for any other reason their is a way you can rebuild your income without having to fork out loads of cash. As mentioned at the beginning of this post, their are some terrible things happening in the world right now. I hope George Floyd rests in peace and my condolences and best wishes go out o his family and friends and also anyone who has been or is being affected by the terrible things that are happening at present. Stay safe. If you have any questions or comments about my post please do leave them below.