How to Make Passive Income Online? 4 Steps to Full-Time Income
In this article, am going to answer your questions, "How to make passive income online?"
Personally, I am making a full-time income online and I will be happy to help you to achieve the same. Just read this article through to get started.
You can always ask me anything in the comments below and I would be more than happy to answer you personally.
Passive Income Online - Short Guide
Definition: You earn money from the Internet whether or not you are actively working.
- Affiliate Marketing
- YouTube Videos
- Website Ads
- Social Media Marketing
- Investing (Dividends + Capital Gains)
Typical time to Start Earning Money:
- Depends. Usually 1-12 months before the first income arrives.
#1 Recommended Strategy for Beginners: Even though a few years ago I was a complete beginner, I have currently around 15-20 passive income streams online.
My #1 recommendation for beginners is Wealthy Affiliate because:
- It's free to get started
- They have a step-by-step training to make you succeed
- I provide you my 1-on-1 support to succeed
- I answer all your questions and provide personal guidance
- +1,400,000 community members help you to make money online
- Thousands of members have went from 0 to earning a full-time income online
What Is "Passive Income Online"?
Passive income is money that you earn whether or not you are actively working. You can earn passive income even while you are:
- Laying on the beach
- Hanging around with your friends
- Exercising in the gym
- Working on another project
- Spending time with your loved ones
- Or doing whatever you want
Therefore, you have done the work beforehand and you will earn the rewards later. Often you will still earn passive income even years or tens of years after you have done the work.
For example, an investment that you made today can still pay you dividends next year, after five years and even after 10 years. Instead of getting the rewards right away like in a typical 9-to-5 job, you will now earn money after doing the work but the sum is usually much bigger.
There are tens and probably hundreds of different ways to earn passive income online and this article I will show you what are my favorite ones and how I have generated passive income.
Keep in mind, that I will not only show you how I earn passive income but I will guide how you can start making it as well.
5 Benefits of Passive Income
I have also previously talked about this subject here but in case you haven't read my website before, let me go through the 5 benefits again and add a few new ones to the 5 that I mentioned before.
- 1. You have more time available
Now when you earn money whether or not you are actively working, it means that you will have more time available for other things.
You can pretty much decide how you spend your time because the passive income and money keeps on flowing in whether or not you are actively working.
Some people choose to spend their extra time with the loved ones, some with their hobbies, some people want to grow spiritually and some people still keep on working more.
It is completely up to you but I think we all can agree that an extra time isn't a bad thing.
Many people need to work just to pay the rent, food and other necessary bills. When you have passive income, you don't need to worry about those things.
- 2. Unlimited income potential - $10,000/month? No Problem!
As I have often discussed with you on my website, there are no limitations with the passive income.
It means that you can earn more than $10,000 per month and even much much more if you become successful.
That's wonderful because it's not possible in most 9-to-5 jobs.
That being said, I want to remind that reaching a big income requires work, afford and dedication so it doesn't come automatically.
- 3. Freedom to live whatever you want
If you have been following my website or my YouTube channel, you have probably noticed that I have been traveling all around the world while making money online.
When you earn passive income online you can live wherever you want and travel anytime you want.
I think that's one of the greatest benefits especially for people who like to explore new places and meet people from all around the world.
- 4. It usually gives value to more people
When I was working in my 9-to-5 job I provided value only for quite a small amount of people. Only for those who were around my "circle of influence".
One of the most important things why I want to start making money online was the fact that I also wanted to influence other people positively.
Now I'm able to provide value and affect positively to even millions of lives through the Internet. That would not have been possible with my previous jobs
That being said, if you want to earn money online it is not completely necessary to provide value to many people. Usually it happens but not always.
If you provide enough value for a few people that are willing to pay you well, you do not need to provide value for many people. It's again up to you.
- 5. Gives you more flexibility
As I explained above, when you are able to earn passive income online you will have more time and a freedom to work and leave whatever you want.
In the other words, you will have much more flexibility.
- If you want to sleep late, you can sleep late.
- If you want to take a holiday, you can take a holiday.
- If you want to sit with it the new city, you can visit the new city.
How many of these flexible things would be possible with your current 9-to-5 job?
Passive Income Examples - 3 Simple Ways to Earn Money
Above I mentioned you already a few examples on how you can make passive income but let's go more into detail in this chapter.
At the moment my favorite way to make passive income is to affiliate marketing.
Shortly, affiliate marketing means that to earn money by promoting other people's products.
Here are a few benefits of affiliate marketing and the reasons why I like it:
- Easy to get started - you don't need your own products.
- You can promote (and do) whatever you want.
- You don't need to invest money to get started.
- You can help people what earning money.
- There is a wonderful step-by-step training that teaches you everything you need to make money with affiliate marketing.
I know that cryptocurrencies is still a little bit controversial subject because they haven't yet become a mainstream thing. However, all the time more and more people start using cryptocurrencies and in 10 to 20 years most of the people in the world will probably be using cryptocurrencies.
At the moment, many cryptocurrencies are also great way to make passive income.
You can make money with capital gains or through dividends of some cryptocurrencies.
You are money through capital gains when the value of the cryptocurrency goes up. There are also cryptocurrencies that pay dividends for their holders. They are different than Bitcoin and usually managed by a centralized company.
Some of the examples of such companies are cryptocurrency banks called Bankera and Binance.
3.Stock Market Investing
Stock market investing is probably one of the most classical of ways to make passive income from home.
People have been making money by investing in the stock market for tens tens of years.
However, nowadays it's easier than ever before because we can access the stocks from the comfort our own homes.
By investing in the stocks you will earn dividends and capital gains.
I am originally from Finland so have been made investing in the Finnish companies.
4 Steps to Make Passive Income Online: GUARANTEED
In this chapter, I will explain you the 4-step strategy you can also use to make passive income online.
I and thousands of people all around the world are using this strategy to a full-time income online.
Let me first illustrate it with the picture below.
This simple 4-step process will make you a full-time income online if you follow it persistently.
Remember that you don't need any experience to get started. I started as a complete beginner without any contacts but I made it.
I also offer you my personal guidance and support in order to make you succeed. You can connect with me personally and I will answer all your questions and provide you personal tips.
Actually, you are already ahead of me compared to where I was when I started! I didn't know anyone but you at least know me and I can help you.
Just click the button below to learn how you can make passive income online by using this simple 4-step formula.
How to Create Passive Income with No Money?
It is completely possible to generate passive income without any money. Of course, many passive income streams are generated by investing your money but you can also generate passive income by investing your time.
When I started creating my passive income stream to Wealthy Affiliate that that the training for completely free. Later on when I realized the training really works I upgraded to the premium.
We can say that you can start making passive income online using equity (=money) or sweat equity (=effort)
There is a common myth that says, "It takes money to make money." That's not completely true. You can start from 0 and make a significant wealth. Even most billionaires in the world are self made.
The most important thing is that you are willing to learn and move forward.
So, my recommendation is that you start the Wealthy Affiliate training for free and later upgrade to premium when you have realized that the training really works.
Another option is to work on 9-5 jobs and invest your money to other things that generate you passive income.
Passive Income Ideas 2018
My recommendation is to focus on passive income sources that are actively growing. Let me explain what I mean by that.
One way to make massive income is through investing in houses and apartments. But if you buy a house and apartment from an area that is slowly dying that is bad investment.
On the other hand, if you get an apartment from a fast-growing city, you can be almost guaranteed that the value of the house will also keep on going up.
The same rule also applies to the Internet every year more and more people are starting using the Internet which means that there is every day even more potential to make money online.
In the image below, you can see how fast the users of the Internet is growing.
Industries like cryptocurrencies and affiliate marketing are growing extremely fast. That's why I think it's good to have your focus on those markets because they will bring you income for years to come.
If you want to earn passive income online, it's also recommended to learn skills like Facebook, YouTube, Twitter or Instagram marketing. This kind of social media platforms are constantly growing and getting more users.
When you learn to use those social medias for generating income it will never need to worry about making money anymore.
Here are a few recommended trainings that will teach you to make money through Internet marketing:
Do You Already Make Passive Income Online?
If you strategies how I like to make passive income online, I would like to ask you a few questions.
- Are you already making passive income online?
- If not, what is you holding you back?
- Would you like to get my 1-on-1 support and guidance on making passive income online with affiliate marketing on wealthy affiliate?
- What are your favorite ways to make passive income online?
I would love to hear from you so do not today to leave a comment below.
Again, I would like to remind that it's okay if you are not YET making passive income online. The key is just to start.
I started from 0 but I got started, learned the skills and it gave me a freedom to travel around the world and make passive income online.
If I can do it, you can do it.
Have you already managed to make passive income online?
What are your favorite strategies to make it?
Let me know in the comments below!
If you have any questions, just leave a comment below and I will be more than happy to help you out.