Welcome to Myke Educate and Here are My 7 Creative Ways to Make Passive Income Online. Stay tuned.
Affiliate Marketing.
One way to make passive income on the internet is through Affiliate Marketing. What is Affiliate marketing, then?
When we say Affiliate Marketing, it is an online service in which you select products from certain eligible websites and promote them for people to buy and when people make a purchase, you get an income or percentage.
Mostly, after signing up and verifying to become an affiliate marketer for these website. You are allowed to select any product of your choice depending on what that website provides. Then after selecting a product, you are given a unique link of the product that only you have. So what you have to do is either share it on social media or any other website to get buyers or customers.
Apart from buying, there are some affiliate websites that just want the customers to only sign up and perform few task, so anytime you get someone to do these tasks, you get a commission. Some gaming organizations or websites would also prefer you get them people to just play or test their games or purchase them, so you can also get a commission.
Here are some Affiliate Marketing Websites you can join to make passive income online.
- Amazon.com
- ClickBank
- Shopify
- ConvertKit
- Jumia
- Fiverr
- eBay
- ShareASale
- CJ Affiliate
- Rakuten
Create And Sell Online Courses.
If you never knew, people are making passive income on the internet by just selling online courses. What are online courses, then?
Online courses are sometimes known as distance education systems of learning in which you need a web browser, computer, or mobile phone and a good internet connectivity.
People who go into online courses sometimes buy courses to enable them to learn.
So to sell an online course, you need to be trustworthy, have a good follower base and have a place on the internet to sell your courses.
Simply, Selling online courses Is like selling a book to a school or student in a digital form.
Selling courses on the Internet is not difficult and is simple and easy to do. You can start selling these courses for free but the problem would be how to grow or reach the right customer. There are lots of online courses published, so getting into this race will need much time and effort but let me repeat, you would make passive income with it.
Online courses can be in the form of video, or text with images like a PDF or eBook, so once you are done writing or making these courses, here are some websites you can sell your courses on:
1. Udemy: Udemy is one popular platform that allows its users to create and sell their courses online with ease. With Udemy, you will have the chance to have wider audience and grow your market.
2. Teachable: Teachable is another platform you can create and sell courses. You are given the chance to access student analytics, offer different course bundles, have a customized landing page, and many more on Teachable.
3. Skillshare: Skillshare offers students who access your courses the chance to subscribe and pay monthly fee to access all the courses you have made. It is one best platforms to make and sell eBooks.
4. Social Media: If you can't afford to pay for widgets, subscriptions, and so on, websites like Facebook and YouTube are social media you can join and sell your courses. Facebook and YouTube or Social media in general have registered members and some of these members might be looking for courses to buy.
So you can create these courses and luckily, Facebook has groups and the chance for you to create a page and sell those courses you have made for free. So Social Media is one platform you can sell your courses.
5. Your Own Website: If you want complete control over the sales of your courses, then you need a professional website for that. Once you have a website, you can create a course and sell them with ease.
These platforms will help you attain your goals easily in making passive income on the internet.
Sell Ebooks Online.
We have books we read, these books either come in hard copies, i.e. printed whilst some come in the form of soft copies, i.e. digital, or found on a screen.
So when we say eBook, we mean a digital book you can have on your phone or computer and read it.
Creating and selling an eBook is simple to do. You only need tools that would help you to do so and some of these can be accessed online or offline.
If it is online, you can use Google Docs, Apple Pages, Microsoft Word Online, Kindle Create, Kindle Previewer, Canva, or Scribus whilst if offline, you can simply use Microsoft Word or Publisher to create an eBook.
When you are done creating an eBook and want to sell them, here are platforms you can sell an eBook and make passive income on the internet.
1. Amazon Kindle Direct Publishing (KDP): One of the most largest eBook selling marketplaces in the world is Amazon's KDP. You can easily upload your eBooks for free and reach a maximum number of audiences without stress.
2. Apple Books: Whilst you can create an eBook on Apple Books, they also allow you to sell your eBooks for people to buy and read. You can convert your pdf book to epub and upload it to Apple Books to be sold to audiences.
3. Kobo Writing Life: Kobo is also one of the largest eBook retailers providing its creators with a wide range of audiences, so they can create, edit, and sell their eBooks online.
4. Smashwords: If you are done making your pdf or eBook files, Smashwords can help you distribute your eBook to multiple retailers like Kobo, Amazon KDP, Apple Books, and many more.
5. Social Media and Your Own Website: If you have a profile, page, or group on social media like Facebook, YouTube, Twitter, and Pinterest, you can sell your eBooks there. Furthermore, if you own a website, you can also sell your eBook on their platform.
Buy An App.
Currently, the use of Smartphones is becoming a large influence, and as technologies are advancing, programs found on them must also be advanced. This is what is making Programmers or Game developers make more passive income on the internet but the truth is, you don't need to be a programmer before you can own an App.
There are a couple of websites on which developers are creating programs or apps and selling them to people. You can choose to buy or contact a developer and discuss with him on how you would want the app to be and pay for it.
Have You Read: How The Gaming Industry Earn Money
How Do You Earn With These Apps?
After buying these apps, you can sign up for Google Admob. Google Admob is a platform that enables app developers to make passive income from their work or app. And let me tell you, the more you get people downloading and using your apps, the more income you will make.
Create A Profitable Website.
Another way to make passive income on the internet is to have a website or blog.
Have You Read: How To Create A Profitable Blog On Blogger
There are lots of web developers you can contact if you have no idea on how to create a website. You can contact me if you need one. Apart from having a website, you can simply create a blog on Blogger or WordPress. Then later, you can monetize them.
Have You Read: How To Make Money On A Blog
Become An Influencer On Social Media.
A Social Media Influencer is someone with a huge audience and can simply persuade their audience to purchase or perform an act based on their reviews or recommendations.
It can be anyone from blogging, YouTubers, or any celebrity.
The main aim here is to grow an audience and when you have many engagements, you can promote affiliate products or sign up to a company and promote their products on your channel or profile to make passive income.
You Are Always The Best.
Here are my seven ideas to make passive income on the internet.
Regards!
Myke.