According to the U.S. Bureau of Labor Statistics more people ages 65-74 and 75 and older will be looking for work by 2024.
To avoid working until death everyone is looking for the best way to make passive income online. It is the white rabbit of making money with the internet.
What if I told you there is a way to make passive income online that could not only pay you for years to come?
Continue reading this article as I speak with you about exactly how and why you can make money on the internet. I’ll also share with you what I believe is the best way to make passive income online whether you’re selling handbag, information products or anything else.
Active Income VS Passive Income
If you don’t understand what the difference between active income and passive income is, here is the definition coming from Investopedia:
And the definition of active income:
I am sure you can see why passive income is more attractive than active income.
Now, what is the best way to make passive income online?
What I have found is that you can create as many passive income machines as you want online. You have to think about it as online real estate.
This website is my online real estate. Your website is on your online real estate. There are many ways to monetize this real estate, but my favorite is affiliate marketing.
Affiliate marketing is when you market a product or a service that another person manufacturers, ships, etc. and all that you have to do is refer the sale to get a commission.
#1 – Pick a Niche
Pick a niche, any niche will do. Some people think you need to be passionate about it, I think you just have to care enough about your financial well-being. How many people get up and go to a job they aren’t passionate about, but they still do it? Don’t get caught in the “must find perfect niche” trap.
#2 – Find an Affiliate Program
Before you make your site, make sure there is an affiliate program for the niche. Since Amazon is almost in every niche, you should be good.
#3 – Drive Traffic to Your Blog
You need to have a blog. You can read: How to Start a Blog And you need to get traffic to it. The way that you do it is up to you, but my choice is through SEO.
There are literally billions of keyword terms out there and few people (if any) that are optimizing for them. Why shouldn’t it be you? This is free and PASSIVE traffic.
If you’ve created your website in a compelling manner, you can sit back and rake in the cash when SEO meets affiliate marketing meets a great site that converts.
#4 – Collect Checks
Make sure you have a bank that can hold all of the money or plenty of plans of how you are going to spend the money.
This is the Best Way to Make Passive Income Online
I have seen a lot of things, tried a lot of things and they just were not working for what I wanted. Passive income is necessary if you want freedom in your life.
Instead of leaving this blog confused about how to move forward, read my review on a 10+ year old school that teaches about howto make money through affiliate income and see how to get a free membership.
I want to hear from you, how much money would you need to earn per day to quit your job? What would be the magic number that would make you walk away?
Want to learn internet marketing from the ground up?