Methods of EarningPassive Income

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We all know that setting up a business is not for everyone. Despite having huge potential rewards and freedom, businesses requires an enormous dedication of time, energy, and resources.

To succeed in any venture, commitment, personal involvement and constant monitoring is crucial, more so in its formative stage.

For these and other reasons, most people shy from engaging inany form of businesses. Fortunately, there`re other options which are potentially rewarding and not personal intensive.

As opposed to active income, these options present you with passive income. It enables you to make a constant flow of income without your day-to-day involvement.

Here`s a list of some of the passive income forms that you might be interested in. The list is not definitive and not orderedin terms of preferences.

-blogging(affiliate marketing, Google AdSense)

-unit trusts

-shares

-real estates

-treasury bills

-treasury bonds

Today, on this blog post, we shall look at how we can make passive income using an online method. By this, I mean settingup a word press blog website and fishing out returns at the comfort of our homes/offices.

WORDPRESS BLOG SITEA wordpress blog site a powerful website creation tool.

Not only is it a blogging platform as it used to be a few years back, it has evolved into a versatile content management system that allows one to create fully functional mobile apps and websites.

Getting Started With WordPress

WordPress can be downloaded on wordpress.org and it’s free. What`s more, it’s safe and secure, easy to use, extendable using themes and plugins and search engine friendly.

Monetizing Your Blog Using Google AdsenseOnce your blog is setup and it`s driving traffic, then, it’s high time you turned your passion into profit.

Google AdSense is a free, easy and fast way of creating incomeby placing of ads on your site.

All you`ve to do is create a Google AdSense account and copy some codes into your site to feature/display the ads.

You will only earn if someone clicks on the ads or in some cases, you earn from mere impressions. That sounds easy, right?

When someone clicks on an ad, you roughly get 68% of the revenue and the rest goes to Google.

Google AdSense works on an auction based system so that the highest bidder wins the right to a spot on your site. Therefore, this`s a great program to earn an extra income.

Benefits of Google AdSense

1) Features only relevant ads to your readers

2) Only, the highest paying ads are displayed

3) You can control/limit ads that you want

Email MarketingKeeping in constant touch with your readers is a sure way of turning them into impulse buyers of your services/goods.

It`s similar to the bait/net trick used by fishermen. It lures fish, in this case the clients, then makes a strike

One technique of getting your readers invest in you is constantly providing them with freebies on their mailing list.

This creates a deep connection, trust and genuineity between the two parties. Hence it`s easier for you to makes impulse sales.

This is technique is opposed to the “harpoon” technique. This method is used by marketers who don`t use emails to seduce their clients. They are given only a single chance. In case they fail to harpoon the fish during their first try, it goes forever.This clearly underlines the importance of creating a mailing list.

You can create an email list by visiting AWeber website, where you`ll have a free trial option. The AWeber has numerous features to suit your tastes.

It no wonder it`s used by more than more than 100,000 marketers.

With AWeber you`ll be able to collect, segment and manage your subscribers. In addition, you can comfortably track them and accurately provide them with precise information.

Affiliate MarketingAffiliate Marketing is the best way you can monetize your blog. It involves promoting of products from other firms for a commission.

It`s a superb way of earning online money, this`s because it has an easy, transparent and simple model.

For instance, if you want to promote Amazons` products, let`s say wardrobes. You need to join Amazons` affiliate program onwardrobes.

After that create full affiliate website on wardrobes, where you can review them and once a buyer make a purchase, you also make some cash.

Tips to Creating an affiliate Site

-Find affiliate programs that pay $40+ per affiliate you make

-Product should have adequate search traffic

-Product should be well targeted i.e. you should optimize on “desperate buyers”

Writing ReviewsWriting reviews for products is a great way to make money. It involves writing a detailed review of a product then posting or sharing of the articles on your blog.

Nowadays, many firms are promoting their products through website review sites. All you have to do is to create a website review site, then sign up with the company or send pitches for reviewing their products.

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