How to make Passive Income : Financial Freedom

The internet has become a worldwide phenomenon and alot of people have cashed a whole lot of money out of the internet.

What is Passive Income
 
There are primarily two types of income. There is passive income, which is having to put the time in to it to get money in exchange. For example, you work a job to earn money, this is active income. However passive income is something you do not have to go back to and it makes you income. For example you put a ebook online and you sell it, this is making passive income. Below are ways you can make passive income and make that step towards becoming financially free.

e-Book Sales
Selling e-books online is a great way of generating income. This is probably one of the easiest ways on how to make passive income online.  You’re essentially leveraging the Kindle store on Amazon and putting up your own e-book for people to purchase and download.  The secret to this method is doing the correct research and making sure that your Kindle book is optimized in their search and recommended product list.  For example, you could easily create a Kindle book called “Top 10 Success Principles Of Steve Jobs” and sell it on Kindle for a couple bucks.

The only downside to Kindle is that the potential to make a lot of money isn’t as high as creating your own information product or doing affiliate marketing, but it’s still a great, easy, and simple way to on how to make passive income online.  Amazon and Kindle does all of the selling for you, all you have to do is put the Kindle book up on their marketplace.

Click here tor the Kindle Direct Publishing page.

Selling Information Products
 
An information product is any type of product that provides information that the purchaser is seeking.  You would provide the information as a product on your website in the form of an e-book, audio or video program.

For some examples, go to the Clickbank Marketplace and you can view all of the information products people have created in the many available niches.  All of these websites and information products are designed to solve peoples problems.

While creating information products is a great way to make passive income online, it can take some more time than the other business models mentioned.  For an information product, you’ll need to create a website, sales letter, a digital product, as well as do the marketing and traffic generation.  It does require more skills and some experience, but it’s the best long-term and steady passive income stream mentioned here.  This business model also has the most potential to earn the most money over the other ones too.


Affiliate Marketing

Affiliate marketing gives you the ability to earn a commission for promoting other peoples products. Most information and physical products online have an affiliate program that you can sign-up for. When you sign-up, you’re given a special link to promote that product with.  Anyone that buys that product through your link will earn you a commission.

You’d then get the blog to show up in Google for those specific keywords that people are searching for, the visitor would then view your blog, and then click your affiliate link to purchase the product.
You can also do affiliate marketing through a YouTube video, a mailing list, or even through social media.  In my opinion, affiliate marketing is one of the best ways to get started as you don’t have to worry about creating your own product, sales letter, or dealing with customer support.  Your only job is driving traffic to the person’s website.

Click here for the Clickbank affiliate marketplace.

Amazon Review Websites 

This method is essentially the same as affiliate marketing, except you’re promoting Amazon products.  Amazon has an affiliate program that anyone can sign-up for that allows you to promote any product on their website.  You can sell TV’s, Computers, Books, Movies… anything.  With Amazon, you don’t get the same commission structure as an information product (mentioned above with Affiliate Marketing), but if you promote expensive products such as TV’s or Computers, you can really make a lot of money even if the commission is quite low.
The strategy here is the exact same as the Affiliate Marketing method mentioned above.  However, there are a few other strategies that you can implement to really be successful at Amazon Review Websites, mentioned in the training resource section below.  This type of method is also really great to plugin to your existing website.

Click here for the Amazon Associates affiliate program.


Google Ad Sense

Simply add Google Ads to your blog or website.  When people visit your website and click the ads, you get paid by Google.  Simple as that.  Very easy way to make money, but the amount of money you get paid for someone clicking the ads depends on how many advertisers are bidding on them using Google Adwords.  There are some people that only have Google Adsense on their website or blog and do quite well, while others simply add a few of the ads to their website as another stream of passive income.

Click here tor the Google Adsense page.

Making an income online is no easy worker and I am not saying there is overnight success, it takes hard work to make a passive income. But if you persist at it you will become successful