In today life financial freedom is the most important goal of life. But in 9 to 5 job it’s impossible to get financial freedom, but only you can pay bills and needs. Without financial freedom, no one can enjoy life to the full extent. Depending on one source of income is too difficult of thinking about a happy life. In today online world, You can start earning passive income just with a computer and internet connection. Here I will share 5 ways to earn passive income and to solve financial problems. Support family and live life to full. Its will need really hard work and energy, but later in the results, you will get a ton of reward.
- Video content
Making video content for daily motion, Vimeo and Youtube you can generate a lot of money. These sites will place different kinds of ads on your content and you will get a portion of the ads income these sites receive from advertisers. Another way to earn money from videos is sponsorship. It can be with video views or fixed flat Rte. If you have a good amount of followers, Big brands and organization will approach you directly to place and introduce their products in your videos and you will be get paid.
Flippa is a big market for buying and selling an online business like blogs, websites, domain, apps, Shopify stores, etc. They a have a huge amount of visitors which increases your chances to get a good amount of passive income for any product you are dealing in. it’s actually an auctions site for digital assets. Here you earn money from purchasing the online business and can earn from selling own online business.
- Affiliate marketing
Its commission based programme of big companies. You put and use the link, and if somebody buys from your provided link you will receive some portion of the income from products sold through your link as a commission. Working on social media networks like Facebook, Instagram, Twitter, running a Youtube channel, working on website or blog and put your generated affiliated link. If anyone buys from your provided link, you will be get paid every time.
It’s easy and cheap because here you are not selling own product or services but providing the chance to people and making easy for people to choose in the big market. Giving link about the equipment you use, books you read, unboxing the new camera and reviewing new lenses, new mobiles phones, computers hardware, TV sets, watches, etc and its affiliate links will increase your chances to earn more passive income. You will do it in products you know and use in life, you are able to speak about.
- Making a product
Making an own product like writing a book, producing the music, making a course, etc and selling it online can generate enough passive income. Producing music, sound or beats and streaming or selling it on Spotify, Deezer or iTunes can return you a passive royalty income. Similarly, just write a book for once for amazon kindle and you will be paid for the people to read or use your book content. Making a course about in what you are experts like communications skills, confidence, cooking, teaching study books, etc for students, for platforms Udemy Lynda and Skillshare websites. The more students take your course more you will receive the passive income.
What you have to do in drop shipping is to sell some third-party products for a large profit. You are acting like a middle man. You place different products on your blog, website and sell it. You cut your own profit and forward buyer address to a product company. They will ship the product to the original buyer of the product. So you will not with shipping. You have just to open Shopify store ad link it to Oberlo.com. It’s an app that integrates with Shopify and it will sort products on online store. It’s difficult to start but you can earn a ton of money from this business.
Let me know below in comments what you will like to start and good luck.