Before we go any further, let’s talk about the difference between active income and passive income. This distinction will be paramount to your ability to produce serious capital on the web. So what is passive income? Passive income, if you don’t already know, is income that’s earned automatically. It doesn’t require much maintenance once that income stream has been created. However, it does require an enormous amount of effort at the outset to establish that stream of income.
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A popular tactic to make money on social media is to pay for advertising affiliate products. Create ads for particular affiliate products that are big sellers and have a high yield. Then target these ads at specific custom audiences to ensure your ads are viewed by those who will have an interest in the product you are promoting. If viewers click through your from advert to the product page and make a purchase then you will earn an affiliate fee.
The Mythbusting is much appreciated. It’s a gold rush out there. WWW might stand for wild wild west. This article frames up the challenges and reminds us that it’s the reality on the ground that gets us up the mountain. A similar myth is the one about writers and riches. I found a good article by an old fantasy novelist and reworked it into a post you might enjoy. http://ow.ly/a6pn3
Do you constantly come up with witty one-liners? Do you dream of the days of Mad Men-style advertising? If you’ve got some branding chops or just come up with imaginative copy, there are lots of opportunities to make money online through company naming and slogan contests. If you think you have a knack for names check out namingforce.com and squadhelp.com. If you dream of coming up with witty copy, try coming up with company slogans on Slogan Slingers and Get a Slogan.
The harsh reality and truth is that in order to make substantial amounts of money online, you need to deliver real value. You need to contribute something meaningful to the world rather than looking for ways you’ll achieve instant wealth and riches. By no means does it happen overnight. And it doesn’t happen by signing up to some internet marketer’s “proven” system. It happens slowly and painfully over time.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
Even if you have found the perfect way to make money online for you, always keep your eyes open for new and more exciting opportunities. There are many sources where you can see what the upcoming trends are and can easily find your new niche. Whatever you do, just make sure you’re communicating with as many people as possible and follow blogs and websites for relevant information, so you’ll never be outdated.
Fiverr is a website that allows you to sell “gigs” for $5. The products and services vary widely but you’d be surprised as what you can find there: video editing services, ebooks etc You name it, it’s probably there or soon will be. Think about Fiverr as a way to get exposure for a larger service that you offer. Fiverr services tend to be limited in their scope so don’t go there looking to get a 6 hour job done. However, you can add to the service requested of the seller offers this as an option.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You'll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.