Anyone who dreams of running their own home business also dreams of making a 100% passive income from their efforts. The main issue for many is not really knowing what is even possible. However, those in the know will tell you that there is a system that is very easy to duplicate and provide the marketer with a easiest passive income on auto-pilot. So, if you are prepared to work a couple of hours of your time you could make a passive income forever.
The three best sources of passive income online
Passive income examples – One
Making a passive income from other people products:
If you have ever tried to make a product of your own for sale you understand how difficult it is. It is far easier to sell other people’s products and earn a commission. I found out the hard way and even though I am very proud of what I created I also realized how much easier it would have been marketing an affiliate product.
Creating your own product takes a lot of time as well as creating a landing page and subscribing to a digital selling platform. However, I was making quite a lot of money from the project, but not enough in itself and a full time passive income.
So, I decided that one way or another I needed to make more money. I had a vision of using my laptop and travelling the world or at least the bits where the sun shined.
After a lot of research I discovered affiliate marketing.
What is affiliate marketing?
Affiliate marketing is a very simple way of making money online by selling others products for money. It could even be argued that network marketing run online has a similar concept. Depending on the product the commission can be anything between 20-70%. For example if you sell a high end product for $300 and the commission is 50% you will make $150.
Once you have an automated system setup you will overtime sell thousands of products with very little effort at all. What is even better is that I would have never been able to create these products myself.
How to sell affiliate products?
There are lots of options such as blogging, content marketing, social media marketing and email marketing. However, all of these methods require sales copy. I would like to say that writing a sale copy is easy and for some of us it is, but for most it is a skill too far. It is possible to get someone to create a sales copy for you but it can be very expensive as much as $10000 for a single high quality sales letter.
Most affiliate programs already offer a sales letter that you can send to prospective customers. It is a good idea to research the program and be sure that they are offering full resources as well as a quality product so you can get started straight away.
Passive income examples – Two
Making a passive income by sharing something of value:
Have you ever noticed that if someone does something for you that you feel you must repay them in some way?
I am terrible about that type of thing. Even after many years I have it in my mind that I need to do something for that person. In marketing terms this is called the law of reciprocity. This simply means that psychologically if someone does something for us we feel obligated to return the favour.
So what does that mean for the pursuit of a passive income?
It means that when you give something of value to a customer or prospect you are more likely to get the sale.
To see this method is action, consider the free pens you get at your insurance company or the gift pack you get when buying a house. You will remember that and return even if you didn’t get the best service.
So, sharing something like an eBook or a guide for FREE and watch your sales go through the roof.
Passive income examples – Three
Making a passive income by being 100% automated:
A quote I use with people I am mentoring is, “if it can be automated, it should be automated”.
If you want to make the easiest passive income you have ever made automation is going to be the key. Even if what you are doing costs nothing, it is in fact costing you time and nobody became rich working for the man.
So, if you are willing to do a few hours of work to get things started you will be able to create a fully automated passive income by the end of the day. This means you will have a system that will work 24 hours a day 7 days a week. It will never stop working and nor will this simple and practical passive income.
For the beginner passive income system
Developing automated passive income strategies that work requires two elements:
- The possibility of making money for other people’s products.
- An automated system that does all the hard work for you.
Without these two factors you will need to be a professional content creator with the ability to keep on top of your social media presents.
Alternatively, use a system that automates everything for you including your social media strategy.
That means instead of you sharing your content on Twitter, use a system that automatically shares it for you. If every couple of hours you were tweeting and retweeting interesting and valued content you would have a passive income to envy the best affiliate marketer.
Everyday, rain or shine your readers are reading linked posts offering products and services your followers need to solve problems.
Setting up such a system is easy when you know how. And it takes only a few and before dawn you are earning the best sources of passive income online.
For more details on how to make the easiest passive income you will ever make click on the “Learn More” button below.