Seems to good to be true? Tell that to the thousands of people currently living your dream life. I am not talking about trust fund babies, I am talking about people who run location independent businesses. There are many options when it comes to making passive income online. Included below is a list in order of passivity.
- eBook Writing aka Kindle Publishing
All you have to do is write a kickass eBook that people will buy and share with friends on Amazon. To make this passive you must get to the first page of Amazon by giving your book away in exchange for a review in the beginning. Once you get there you’re looking at an income that’d last an incredibly long time. Not a writer? You don’t even have to be. Hire someone to write the book and design the cover.
- Affiliate Marketing
There are many ways to make money affiliate marketing. Basically, you become an affiliate for a brand you love and use, then you recommend them to an audience. You can get an audience in many different ways. Advertising, email lists, social media, blogging, Youtube, Instagram the possibilities are endless. This is method is making people millionaires daily. Once it is set up it will run on autopilot. Once an avenue dries up you will build another. If you build enough it will last for years to come.
- Drop Shipping
eCommerce is growing at the fastest rate in history right now. For every store that gets opened 3 more people start shopping online. If you don’t want to deal with a warehouse and hiring logistics staff then drop Shipping is for you. Whenever a customer buys a product you email the sale to your supplier. They ship the product directly to your customer. All you have to do is handle customer service and advertising. This can be more time-consuming in the beginning but once you get enough profit to hire a virtual assistant your business is more passive. This model requires staying ahead of the competition more so.
People are seriously just videotaping their lives and becoming millionaires through video ads, merch and affiliate marketing. Do you have a passion, interesting personality or life? Consider this a valuable option. There is literally a 6-year-old just opening presents who is a millionaire off of Youtube.
Do you have skills that you could convert to cash today while living anywhere you want? Without knowing it you probably do. If you know a foreign language, then you can convert websites and documents to your other language. If you are good at writing copy, then you can be a copywriter for businesses. If you can design logos or websites, then you have a full-time income as well. This is only the tip of the iceberg. Busy business owners will pay you for a plethora of services from voice-overs to video editing.
At this point, there are thousands of ways to take the skills you currently have and turn them into your dream life. Making a 6 figure income online is becoming more and more feasible thanks to the glorious internet.