What is Passive Income?
In this post, I am going to list ten different ways you can make passive income online, but first, I am going to explain what passive income is before I start. Passive income is an income received on a regular basis, with little effort required to maintain it. You will have to work hard NOW to receive the benefit later. You will continue to gain income for the rest of your life, even while you eat, sleep, and travel the world. I will also tell you that I do 7 out of 10 of these methods with a lot of success.
1. Affiliate Marketing
Affiliate marketing is the ability to earn income by promoting someone else’s product. With this method, you are not putting in the time to create an actual product, but promoting someone else’s by using a video, blog post, or some other method of content creation. When you sign up for an affiliate program, you are provided a unique link that you can use to direct people to the product you are trying to promote. Anybody that buys that product through your specific link will earn you a commission. One of the most well-known affiliate programs is the Amazon Associates program, with this program, you can link to any item listed on Amazon and receive a small amount when someone purchases it from your link. Sign Up For Amazon Associates Here