You may be a little bit confused – even my domain name tells you, that there is no passive income at all… So, where is the truth?
OK – I’ll reveal you a secret. There is not passive income in Internet! And please read this article very carefully – more than 99% of bloggers doesn’t earn a decent income from their websites (blogs, niche sites and other sites)!
Each time, when you want to earn money online, you must work – sometimes more, sometimes less. And in this post I’ll show you, what online passive income is, what skills you should have as a blogger and five money making ideas for bloggers. These concepts don’t need a lot of time, sometimes you can forget about your online business for some months (so they are ALMOST passive, but not passive!), and, for this reason, they are ideal for bloggers.
But before revealing you these 5 concepts, please let me tell you, what does passive income means for me.
So, passive income means an income generated regularly without any effort. Only effort is (if any) needed at the beginning, when you setup an account in your bank 🙂
Examples of passive income:
-interest of deposits
-rent from real estate (if they don’t need active management!)
-royalties (from written books, screenplays, software programs)
-pension (when you retired, you will get some money as a regular, monthly pension)
Online passive income means for me:
- Hard work on the beginning (maximal one month of effort, but you may work 16 hours a day 🙂 )
- Automation for almost everything, for example purchase, payment, etc. (you should simplify everything as much as possible!)
- Little time for maintaining it (monthly it should be less than one working day)
- Possibility of delegating tasks to somebody else (so you may go for your monthly holidays)
Now you know what passive income (normal and online) means for me. Does it mean the same for you? But let’s go to another aspects of blogging for money 🙂
As a powerful blogger:
1) You are excellent writer (if you are not good writer, please read 10 Article Writing Tips, How To Write Killer Article
2) You know, how to get a lot of traffic (if not, please read: 8 Helpful Tips, How To Promote Your Blog)
3) You have a big email list (if not, please read this post 12 Action Steps To Build A Profitable Email List From Scratch by Michael Chibuzor)
4) You are aware of it, how your blog may be successful (if you are not aware of it, you must read my guest post 3 Vital Tips For Creating A Successful Blog
With above mentioned assumptions, now you are ready to learn 5 Money Making Ideas for Bloggers. All of them, when properly used, fulfill my requirements about online passive income. Here you are:
- Prepare an online product (for example an eBook)
You can earn money by selling it by yourself, or by creating affiliate channels for selling it. In this case you will share some profits with your affiliates (as commission).
- Create niche site(s)
Your income will be generated by placing contextual ads on this site. Best choice for contextual advertisement is Google Adsense, alternatively you may choose Chitika for instance
- Product site
It is a mix of points mentioned above. You can create online product (it may be eBook as well) for example WordPress Plugin. But you can promote someone’s product too (in that case, you will get commission from product creator. And you sell this product via your optimized website.
- Use your email list
If your list is enough big, you can try to monetize it through affiliate links, sponsored emails, or paid reviews
- Make a paid membership site
It’s very simple model of earning – you create great content, limit it only for paid access, and invite your readers (which trust you, that it is worth for paying for it).
If you want to learn more, you may read How To Make Money Online – 10 best ways for doing it!
And how about you? What does “passive income” means for you? Or maybe you have another useful concept how to earn money online?
Great post Chris!
Couldn’t agree more with what you said. Passive income can be achieved online in many different ways, but it requires lot’s of work to get them up and running. You also have to keep working at driving traffic to your blog, so passive income is possible, but needs lots of effort to make it work successfully.
Yes, passive income isn’t so passive, as it looks like, especially at the beginning. You must work very hard, and learn a lot of new things, to be successful.
Thanks for the comment, Matt.
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Thanks steve
I think to make online passive income, like other business need to provide system and delegate to the team to managed and have positive cash flow than left the business. If give positive cash flow than be passive income.
great post Christ.
regards.
Yes, providing great system, which will generate positive cash flow is very good idea!
Thanks for the comment, Wali
Hi Chirs, I agree with you by hard working for first month.
I have a question to ask from you, You are using Aweber for your email list provider and you are paying $19 a month to aweber right? If so than are you making that amount of money from this website?
And is there any other better free email list provider without Aweber?
Hi Ehsan, great questions. A lot of bloggers recommend having an email list from the beginning. And it’s almost true 🙂 That means, if you are really working on your site (content and promotion) since first day, you will collect emails (and it really works). If you are treating it not serious, it’s wasting money.
This site isn’t earning money for me today, but it’s not goal of it. I have some online services in Polish market, and they “pay my bills”. With this site I want to build my credibility and relationship with english bloggers, and it’s long term activity 🙂 Here you can read about my Goals for this blog
And answering on your last question – I heard about MailChimp (but I didn’t try it), others email list services you can find here: Mailing lists and autoresponders
Regards, Chris
Hey Ehsan,
I use MailChip free version. It has some great features which you can access for free.
Thank you Chris for your reply. In my opinion Blog about Blogging isn’t the way of success. Every new Blogger is picking a topic of Blogging Tips or Blogging tutorials for topic but there are a lot of other topics which can be a profitable.
Yes, there are some other niches, which are better 🙂 But how to make relationship with Top bloggers making blog about for example loans?
Thanks for commenting!
I don’t think I have to tell you how to make relationship with top Bloggers on specific niche because you are better than me, I’m still newbie. But you can find some top Bloggers on loan by searching for top blogs on loan on Google, blog directories and there are other ways to find top Bloggers.
I’m also newbie in blogging. And I like your suggestions 🙂
i like this post, my opinion you should try to get more visitor to your blog
Hi Juan, I’m trying to get more visitors, and every week I see progress in my efforts 🙂
Thanks for the comment and welcome to my blog!
Great Share Chris… You have covered all the basic points.. Will return back to see more of your share…
Hi Samy, thanks for commenting. Of course there was only basic points – so I’m inviting you for more 🙂
BR, Chris
It is quite difficult to find truly passive income, isn’t it?
It is getting harder and harder to build an email list to.
Email is one aspect of reaching people. If believe a good twitter following is also helpful.
Dave, as I wrote in the article – truly passive income almost not exist. And about building email list – it’s hard to say for me, because I’m starting with it 😉
Thanks for commenting here.
BR, Chris
In everything we do, we are exerting effort. If you will not do things heartily you are not doing it with effort. It is helpful for us to exert effort so that we will receive blessings from it. Good day!
Thanks for your comment.
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Hi Chris,
Really useful post this. Although I am aware of and try to do these, the one at the end I am not yet doing – the membership site. I say yet, becuase I have thought about the idea for a long time. My site does not quite get the levels of traffic yet, but when it does I am considering a membership area – I feel i have so much information to give that some would be best kept for members.
Regards,
John
Hi John, thank you for the comment. I heard that you don’t need a lot of traffic to start a membership site. I don’t know how much is enough, but if you want to start it – you must try it “just here and just now” 😉
Agree, For me passive income means an income generated regularly without any effort. Only effort is (if any) needed at the beginning, when you setup an account in your bank 🙂
^Yes, you are right, some people thinks when they heard “money making profits” they thought that they wont have to do anything and let those in the org/company do the hard work for them and all they have is a big mouth for saying “hey your program din’t worked for me”. -LOL (^^,)
I am also earning online income through microstock and it is certainly not very passive. I work almost everyday(just like any regular job) to make this work. But its really fun. It allows me complete creative and time freedom. I have created a website to help people get into microstock – http://microstockinfo.net/
Hey Chris, thanks for the many insights on blogging and generating passive income. The way you have explained the many ways of monetizing a blog will resonate with a lot of us, who may be focusing on one or two strategies.
Cheers
Issy
I agree, there’s no way to make money online without putting in some effort first. I’ve spent countless hours trying to set up a method of passive income– I believe it is possible to get passive income, but it’s a bit of a misnomer; you need to put in a lot of initial work first.
I have been implementing some of the money making ideas that you have shared and it has been working fine. Thanks for sharing this post because a lot of people could really make use of this.
Hey Crish,
Thanks for sharing that ideas.
Yes, it’s true – online business is hard work and not passive – but the good thing is, you are in control of your time. Getting rich quickly might be impossible but as long as I’m enjoying it, it serves the purpose – Elena.
Nice tips thanks for share this information – i love all money making ideas.
Great post! Passive income will take a while to create but when it starts working well, it can create insane amounts of income.
Thanks
nice income ideas blog
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I do some graphics work and sell plr products. They are also a nice passive income source. I’m looking forward to a membership site and some mobile apps. Thanks!
I want to say that this post is amazing, nicely written and included approximately all vital info. I would like to see more posts like this.
hey,
i think passive income is not so easy . we should work hard for this. this article is very helpful and awesome.
This really works. A friend of mine is earning!!!
Spot on, great ideas in there. I can confirm – creating a product of your own (online course or an ebook) pays off big time. As long as the affiliates have an incentive to promote it on your behalf, you should be good to go.
I’d say email marketing is insanely powerful. Can improve your results big time if you use the right strategies – focus on giving value to your subscribers and eventually they will purchase your recommendations.