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You've probably heard them all. You know, the "make $1,000
while you sleep without doing a lick of work" BS pitches.
Well, let me tell you, it doesn't happen that way.
If you want to make money online you must work! There's no
way around it. But, there *are* ways to make money with
*very little* work. It *is* possible to make a passive
income, and a very good one at that.
I'm not talking about "get rich quick" schemes or the
current trend, "money doubler" programs. (By the way, the
US Federal Trade Commission considers money doublers a form
of illegal gambling.) No, what I mean is earning money
while doing the work one time, or with very little
maintenance on your part.
If you sell memberships to something, for instance, you'll
earn a passive income from the recurring commissions of
those you sign up. Anything that gets paid to you on a
regular basis, such as web hosting services, is a passive
income.
It's "passive" because you sold the service or membership
once, but you'll continue to get paid as long as the member
or customer keeps the service. This kind of income is also
"residual," meaning it keeps recurring.
But there are other types of passive income, too. Using
programs like Google AdWords and Google AdSense, for
example, will bring you a passive income. How?
By displaying Google AdSense ads on your website, you'll
earn money every time your visitors click on an ad. And by
creating ads for your products with Google AdWords, you'll
put your advertising on autopilot. People who visit your
website or sales page may become a customer or subscriber
to your mailing list.
While both of these can bring you a good passive income,
they do have some minor drawbacks.
Google AdSense (https://www.google.com/adsense) ads pay you
every time someone clicks an ad, but you may get only a few
pennies per click. That means it'll take a long time to add
up to the $100 minimum payout for you to collect your money.
Google AdWords (https://adwords.google.com) have the
potential to bring you a very large income, but you must
have the right keywords to get enough targeted visitors to
your site. Once there, you must then convince them to
purchase the product you're advertising. Plus, since you
pay for each click your ads receive, you have to be sure
your return on investment is enough to make those ads worth
your while.
But what if you could display ads on your website and,
instead of getting pennies for a click, you could earn a
commission for the products that sell? That would be
another type of passive income, and potentially more
profitable, too. It's sort of the best of both worlds.
There *is* a way to do such a thing. It's a simple "copy
and paste the code" script called ClickBank Buddy.
(http://www.home-business-on-a-budget.com/CBBuddy.htm)
When visitors come to my site, they see ads displayed for
various products and services listed in the entire
ClickBank database. When they purchase from those ads I get
the commissions. Pretty nifty, huh?
While you can't get money for nothing, you *can* get it for
almost nothing, by implementing passive income-generating
techniques. And best of all, these specific techniques can
earn you an income from your unused web real estate, that
excess space on your website!
So which method do *I* use to create passive income? All 3,
of course. You can never have too much passive income,
right?
And earning income from more than one source is called
"multiple streams of income," which is how top earners make
so much money. They don't put all their eggs in one basket.
But... that's a topic for another article entirely.
About the Author
Denise Hall is the owner of Home Business on a Budget which
specializes in tools and resources for your home business
needs. Visit http://www.home-business-on-a-budget.com today.
Get weekly articles, money-saving tips and resources here:
http://www.home-business-on-a-budget.com/subscribe.htm
This article may be reprinted in its entirety with this
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