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You know that as an online business owner, there are times when there will not be any income coming in unless you have long-term, consistent monthly clients. If so, and you know this is not the case for your business; it’s best to create some opportunities for passive income for your business.
Why you need passive income for your business?
You might be asking, what’s this passive income about? It’s the extra income that you use to earn passively when it’s not really your main income. This can be in the form of creating an additional income other than your main source of income.
What you choose to make this passive income is really up to you. I have created my passive income by creating additional courses that will take the form of an e-book or a video tutorial. I can sell this course over and over again without making any effort and that’s one way of creating passive income, without doing anything.
Don’t forget to check the sidebar and footer of this website for awesome resources!
You can create as many options for passive income!
Another main way of creating passive income is through affiliate marketing.
This is actually allowing other persons to purchase a product or service through your unique ID that you sign up with.
Each time someone signs up to buy that product, you earn a percentage of that income and that is actually another way of creating income passively. There are numerous ways that you can think of creating income that you do not need to do much work for. One is teaching a course through a webinar or even a video course. It really depends on what platform works for you and how you want to deliver that work to earn the additional income.
There are numerous ways that you can think of creating income that you do not need to do much work for. One is teaching a course through a webinar or even a video course. It really depends on what platform works for you and how you want to deliver that work to earn the additional income.
But do not limit yourself to those days when you will not be earning any money besides your main source of income. What I normally do on my off days is learn something new as well as creating those PDF guides that I need to use as passive income.
Use blogging as another passive income for your business.
Another income generator is blogging for money. There are numerous sites where you can become a guest and they actually pay you to blog for them. Even online owners need content consistently, so if you are a writer who is passionate about writing one way is to present your written words to your audience. This is another method for you to create income such as blogging for profit.
Another favourite of mine….
One of my favourite platforms is signing up to stock photo sites and this can take the form of affiliate marketing, where you promote their site and allow others to sign up using your unique link. As an online business owner, your individual preference is based on what will work for you and your business at this time.
I am recommending my favourite virtual assistant site to you.
Now I want to recommend a platform that I like to use a lot as a virtual assistant. Why recommend this platform to you? It’s a FREE forum that has a one stop shop for VA related news, services, rates, job board and also how to hire a VA and if not, how to become a VA yourself.
You might also know of someone who can benefit from such services on how to be a VA. I know it did come in handy when I was starting my virtual assistant business online. You can learn so much information and did I mention that they offer FREE resources and information right at your fingertips!
Now that you know that you can make passive income, from using affiliate marketing, blogging for business and signing up with stock photos sites to make extra cash. I hope you do get the rewards that you have worked so hard on.
It was nice of you to stop by.
Until then, happy hiring, and best wishes with your business.
Don’t forget to check the sidebar and footer of this website for awesome resources!
Photo Credit: Haute Stock
I have devoted 2017 to developing additional passive income streams so this is so very timely for me!
That is awesome! Same here Lori, same here.
I have set aside some time to look into researching opportunities for passive income. Thanks for sharing. Now I have some ideas to work with.
Shatreka
I know the feeling, I have been doing this as well. Best wishes.
Hello Juli,
Very informative blog post! I am already doing affiliate marketing but I would like to try some of the other ways that you mention you can make passive income with. I have always wanted to write a pdf or ebook. Hopefully, I can add those to my money making ventures soon. 🙂 Thanks for sharing this with us!
That is awesome Maketta! All the best.
A very useful post. An efficient way to make an income.
Thank you Nabeeda.
This is a really helpful and informative article. Thanks
No problem Ciara!
I didn’t know that stock photo sites had affiliate programs! Great tips! Rx
Rosanna, yes some of them do.
Creating passive income is the best way to financial freedom. Thanks for sharing these helpful tips.
No problem John.
Nice article Julie. I’m thinking of doing that freelance work once I’m comfortable with what I’m currently doing which is Google AdSense. So far that has worked extremely well for me. The affiliate marketing hasn’t as I’ve already discontinued them. Thanks for the info will look into this more.
Awesome Ken! All the best to you.
Oooh! Thanks for the tip about stock photo sites. I never knew about this passive income earner. Will definitely try out!
Awesome Yen!
Love this article. I have been thinking about what type of courses to create for a long time and this has really motivated me. Thanks for sharing!
No problem Justine!
Great post! I use Haute Chocolate as well, and I love their photos!
You are indeed in good company Chevelle!
I am new in the world of blogging. So this is very helpful indeed. Thank you for sharing. I’ll be back for more tips. 🙂
That’s awesome Carolyn, thanks much.
Creating passive income is definitely something I want to start making. Great advice!
Thank you Briana!
Very insightful!! It’s good to have passive income as a back up. Always gonna have a side hustle 💪🏻
Couldn’t agree with you more.
This is just what I needed to read. We have been discussing this for our blog and it is just what we needed. I am going to go over it with the girls and see if we can get started! Thank you!
NO thank you Tracy!
thanks so much for sharing such great and helpful information
No problem Angie.
Thanks. I’ve been learning a lot on this topic lately. My blog is small piece of a much bigger puzzle. I’m excited.
No problem Sylvia, we all start from ground zero.
Thank you so much for sharing this! I will be using some of this suggestion to increase my passive income! I’ll pin it as well as I think many will find it useful!
Thank you Matea, all the best.
Great post! I’m looking into VA jobs at the moment so I can continue to work remotely wherever I am in the world. Thank you for the information!
That is awesome Jareena, all the best to you.
Great post, I love reading about passive income and earning money online, some great advice I am going to try.
That is awesome! Good to know and thanks again.
Absolutely fantastic advice.. it’s all about diversifying your income streams so that you can work less but also receive compensation for your efforts.
You are so right about that Heather!
Hi, This is a great post with loads of information.
Kudos to you and more power to your blog.
All the best,
Thank you Michelle, and the same to you.
Wonderful post- our goal with out blog is to grow into generating a few different types of passive income streams. We’re planning on adding affiliate posts very soon. Picked up a few ideas from your article as well, so thank you for sharing!
That is awesome that I gave you some ideas. All the best to you.
Very nice tips!
Glad it could help you Lisa!
Thanks for this post. Great information
No problem Rosemary, glad it could help you.
I love this post. I have been blogging for a while but not seriously focused on making a side income. I am dedicating the next few months to increasing my engagement and releasing great content to help me build a side income. Thanks for the post!
Aishah x
Aishah I was doing the same thing too but decided to find ways to have additional income. All the best.
I am working on an e-book at the moment. Thank you for sharing this post
That is awesome Bettie, all the best to you.
I’ve really been thinking about passive income lately and this was very helpful. Thanks!
Emily, you should take the leap.