Friday, February 28, 2014

Guide To Making Passive Income

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How do you earn passive income?

I’m sure you must have read several blogs showing you the various steps to take. However, this post is quite different and simple.

It’s a brief guide because I believe 2014 is all about “action.” Make it a duty to simplify your business. The way to move forward in blogging is to build systems that can generate consistent income for you even when you’re asleep.

I can’t promise you passive income without the initial hard work. On the contrary, you’ve to work hard today so that you can earn tomorrow. And the efforts will be worth it if you stay focused.

Stop looking for shiny opportunities to make money online. What you need is right within reach. One of the mistakes I see a lot of bloggers make is…

Doing so much at once

Yes. That is it!

Of course you could break even if you know how to prioritize your tasks. But it’s a lot easier if you focus on one task at a time. Channel all your efforts into it. Learn all you can. Make friends in that “ONE” thing and learn to become an expert therein.

Now back to passive income. Let’s assume you want to earn recurring income from affiliate marketing. It’s obvious that you’ll promote web hosting service, email autoresponder services, membership sites, secured coaching courses or software and so forth.

There are thousands of recurring products which can help you earn passive income. You may have to work extra hard at the beginning. Put in more hours and help your target audience/readers to understand what the product is, and learn how to use it.

Teaching sells recurring products

Did you know that if you create short video courses, showing people how to use email autoresponder to build their online business or get more traffic that your conversion rate would go up?

It’s a proven fact that teaching sells. Don’t just write article and ask your readers to check out an affiliate offer. The majority of them would perceive or assume you’re after the money – which is TRUE!

What you should do instead is teach. Teach people how to use the affiliate product. Most people who want to start their own online business are worried about wordpress installation. They don’t even know which web hosting service is good for them. That’s an opportunity for you to make passive money.

As a blogger, quit assuming that every blogger out there is knowledgeable enough when it comes to autoresponder, wordpress, web hosting etc. It’s your job to help them.

If you can’t create short tutorial videos, then write step by step guides every now and then and use screenshots to explain how to achieve a particular goal.

Yes, you can recommend your affiliate link because it’s necessary after you’ve rendered a help. This is called business!

There you go…

When it comes to passive income, you don’t need thousands of subscribers or visitors to earn $500, $1000+ monthly.

What you need is the right audience coupled with your quest to help them succeed. So, if a web hosting service pays out $30 per referral, you only need 40 people to earn at least $1000 every single month, with no extra effort on your part.

Are you taking any definite action this 2014 in order to start earning passive income? I need you to share your honest comment below. See you at the top!

Source: John Chow Dot Com

Guide To Making Passive Income

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