Do you know you can actually make money online even having zero experiences making money online before?
In general, there are two ways of making money:
(1) Active Income
(2) Passive Income
What the main difference? Active income is that you trade you time with money. The more time you work, the more money you’ll make. Whereas you leverage your time and efforts for passive income. Meaning, you work less but earn more.
People tends to regard this as money-making scheme due to our traditional education economy. If you’re one of them, you’re missing a big portion of the pie in online business market. The technology is advancing. Robots, Artificial Intelligence(AI) are replacing jobs that used to be done by human beings. To protect yourself from being replaced is to work smart. To brush up the skills the robots and AI can’t take place of. One of the most important part is to know how to earn more with working less.
Here are 3 fabulous ways to generate passive income, it works very well especially for those who’s working for a 9-5 at the same time because you don’t need another 8 hours to complete such tasks. The opportunities that you can take great advantage of in your spare time.
#1 Affiliate Program.💻💻💻
If you don’t have your own products nor patent but you want to sell something on the internet. Sell others’ products. This is what affiliate programs are for. You help selling someone else products and they pay you a portion of their profits, aka commission. Which leads to the beauty of affiliate program, you don’t have to invest a large overhead to create a new product that sells. No need to worry about recruitment, staffs training, company insurance, inventory, etc.
On top of that, you don’t have to be a professional salesperson having abundant selling/marketing experience. Nor do you need to have 4-years business college degree to start. You select products you genuinely love and promote them by writing reviews, shooting videos, providing practical tips and et cetera about the products. It could be physical or digital product depends on your preference.
I personally recommend digital product because of the low cost and the unlimited sales opportunities created by the geographical and time freedom. You can sell to anywhere in anytime as long as people have internet and a 3C device. The commission percentage varies, it could be more than 50%. Say the product is $16,800 USD, the you’ll earn $8,400 USD, by selling ONE product. If you’re really interested in knowing more details, click here.
#2 Sell your Online Course📔📔📔
If you’re interested in a certain topic, cooking, weight-lifting and such, then you can create an online course and sell. If you haven’t thought of any certain topic that you particularly interested in, find something you’re already good at, whether it’s a language or it’s a skill. Platform you can utilize such as Udemy, Teachable. Imagine you sell a course of $47 USD on the internet, meaning your potential customers is spread to places with internet all over the world. Say you sell only 80 products today, that still brings you $3,760 USD. According to the stats in March,2019, there are 4,383,810,342 internet users around the world, how reachable do you think it is to get 80 sales?
Do you know you can actually make money by buying a website low and selling it high? For instance, Flippa.com is like an auction website like eBay. You can find websites or apps that you think it’s price is way lower than its actual value, place a bid and buy. You then resell the website or app you bought for a higher price. In this case, you barely invest anything and the profits is all yours.
I hope this helps. Please feel free to let me know what else can I do to help you launch the online business that you’ve been wanting so as to live the life that you’re truly passionate about