How to make passive income

Here is how to make passive income while you sleep

 

In the past  two years I`ve been looking every day in finding ways to make passive income online.

I’ve found through my journey hundreds of ways to earn money online. The most important thing is to be able to master 1 thing instead to be good at 100 of things.

Good is the enemy of great. And that is one of the key reasons why we have so little that becomes great.”   James C. Collins, Good to Great

 

1. Create a blog

Creating a blog is one of the best passive income sources. One of the main reasons why I’ve started my personal blog is because of that.

There are many kind of blogs, some are more personal, in which people share their passion and their experiences. Other are more related to specific themes that are researched by people online.

Starting a blog is very easy.

Here is quick guide:

First you need to buy a domain name and have a hosting for that. Here below you can check if the name you´re looking for is available.

One you have purchased the domain name and the hosting, you need simply to install wordpress on it.

Now you can start writing content for your audience and monetize it. To learn how to monetize a blog check my other post that is about this thema.

 

2.  Cryptocurrency cloud mining

Cloud Mining is the practice of bitcoin mining by using a remote datacenter with shared processing capacity.
This type of cloud mining empowers consumers to mine bitcoins or even alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some price and this lead to lower returns for the miner.

My favorite website for bitcoin cloud mining is Hashflare

This website send to you the earned income directly to your wallet in Bitcoin. In this case is very good because Bitcoin´s price is increasing all the time. That´s mean that you’ll break even quicker and your income will have more value with the time.

 

3.  Create a niche Website

Creating niche websites is one of my favorite ways to earn passive income but for that it takes more time to do.

A niche website, is a site that is about a specific theme or keyword.

Oft those websites offers a lot of content for the visitor and because of that google ranks the website higher.

There are many ways to monetize them, such as with amazon affiliate program, by promoting products and earning commissions  from 1 to 10%.

Other possibilities are to promote infoproducts, like ebooks or online courses. You can find products to promote in websites like Clickbank.com, Jvzoo.com and hundreds of other sites.

 

4. Rental Real Estate income

Renting Properties is the best and most stable source of passive incomes.

Everyone needs a place to live in, either in crisis time or in good time you´ll always pay a rent, unless you own the property.

The nice thing about it, is that it last decades or even more.

What you need for that is to have a good strategy while buying the property.

 

5. Create a Youtube Channel

A youtube channel is like owning a multifamily property with hundreds of apartments.

Once a youtube channel is established the videos start getting traction and they brings with the time more views every day thats converts into income once you monetize it with Adsense.

In this case “size doesn’t matter” because it depends on how you monetize the channel. You can create info products and have at the end of the year 1000 customers that purchase your course and have thought that a passive income

What you need is to create a good relation with your audience, to be yourself and be authentic not trying to be who you are not.

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