ByAmy Mia
Want to earn some money on the side of your regular job? A passive income means that you can earn money without having to put in very much effort and it is easily achieved. Basically you do some ground work for a few weeks and then get a wage for years later. Here are six ideas for you to choose from!
Affiliate Programs
Affiliate programs are one of the best ways to earn an Internet passive income. This is because you are selling someone else's products, which takes all of the effort out of the business. The company you are affiliated with supplies the products deals with the sales but you get a commission. Obviously it is a good idea to go with companies that have high commission rates, and ones that have a wide market base.
Create Software Products
This is a somewhat more specialized Internet passive income possibility. You will need to be skilled with computers and software. If you have an idea for a piece of software or an iphone app then you could either try to build it yourself or pay university students to do it! This could generate a high passive income.
Information Products
Consider writing an ebook or informational videos. These are easy to create providing you have the ideas to write it. "How to" ebooks always do very well. You can then go on to sell these either through your own website or a publishing site like Amazon. You could even get other people to sell you informational products as affiliates, increasing your sales and decreasing your work.
Adverts On Your Website
By placing adverts on your website or blog, like Google Ads you can earn money. Every time someone clicks on an ad, you will gain a commission. This can be a real money spinner if you have a large amount of pages on your website or high traffic. It can also work for your business. If you have a product or affiliate program, then advertise with pay per click campaigns. This way you can earn money rabidly by using Google AdWords. This is especially true if you don't have too many competitors.
Referrals
If you already have a business then you can increase business and also earn extra money using referrals. For example, if you have a catering business and you refer a hotel to someone, then the hotel could give you a commission. Likewise if you get the hotel to refer clients to your business you could give them a commission. This is a shrewd business move. All you need to do is ring around and find people who want to work with you in this way.
Run A Membership Site
Finally what about running a website that charges membership? This could be based around a subject that you are particularly knowledgeable on or an "exclusive club" of some kind. Many people are willing to pay a small monthly charge, particularly if you offer a basic service for free and a better service if they pay.
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