What is passive income and how can you start creating it?
Today I would like to discuss the power of passive income online. So first of all, what is passive income? When I hear the phrase passive income I think of something that I do the work for one time and then I get paid for that work over and over again.
A great example of this would be a You-tuber (Pick your favorite and input the name here). Whoever you like, if they have amassed even a small following of lets say a thousand subscribers. YouTube will offer that You-tuber the opportunity to start showing ads on their channel. Then, at the end of every pay cycle, YouTube pays the You-tuber for all the ads viewed during the pay period.
You-tuber's essentially create a video ONE TIME. That video is then picked up by the search engines and displayed based on the keywords that were used in creating the video. At the same time, when the You-tuber uploads the video any current subscribers that have elected to receive a notification that the You-tuber has just uploaded a new video will get a notification.
The number of subscribers a channel have isn't near as important as how active the subscribers on the channel are. As you can see in the video below created by Techquickie.
So as you can see, a You-tuber creates a video one time and from then on that video remains on the internet and can be watched over and over an infinite amount of times. All the while the You-tuber that created the video is most likely getting paid by Google Adsense.
This is just one example of what a passive income stream looks like but I think its one of the best examples of passive income online.
Passive Income Online Sales Cycle
Another passive income idea is to set up a system online that will make you money 24/7/365. This starts out with a lot of hard work and blood, sweat, and tears.. but it ends up to be something that will make you money literally while you are sleeping.
I won't go to in depth about how that works here but I will give you a quick overview of how that looks.
You need to create a product or begin promoting a product of someone else's. Not just any product, something that you would be proud to be apart of and something that has a proven track record. Ideally, something that has been around for a long time and that will continue to be around for a long time yet to come. Something that you use currently or something that you used to get you a specific result.
I personally believe in Wealthy Affiliate and I have no problem standing beside their label because I know that they deliver a quality product that is going to be around for years to come and is there to teach people several ways to make money online.
Once you have a quality product picked out then we move on to setting up an autoresponder series that will engage your customers and at the same time do the bulk of the heavy lifting for you. In case you are wondering, an autoresponder is a piece of software that automatically responds to individual queries in a way that is predetermined by you when you set up the software.
In a nutshell, the autoresponder is going to be used to collect names and email addresses of potential clients and add them to a list. An email marketing list. If you have ever heard the phrase "the money is in the list" this is where that saying comes from. This list is your most powerful asset in your business.
After your autoresponder collects the name and email, it will then send your now established client on to either a bridge page, your product sales page, or anywhere else you have set the autoresponder up to send them to.
In case you were wondering, a bridge page according to Quorra is: A bridge page is a web page that comes after a capture page, but before the sales page. ... Bridge pages by AdWords are defined as websites whose sole purpose is to drive traffic to another site.
This is pretty much the entire sales cycle. Your main goal within this entire process is to get active subscribers to your list.
This is also passive income online. Initially, you have to put the work in. As you can see though, once you have a system set up and in place, it will work for you tirelessly for years to come. You only need to observe this operation to ensure everything is working smoothly.
From their, if you want to scale up your operation then you can either create another cycle in a different niche or else you can start tweaking your current system to try and get the best opt-in and conversion rates. If you would like to learn more about these types of ways to make money from home, you can check out our main website at learnhowtomakemoneyfromhome.net for lots of free information.
If you want to know more than our website can offer you, I highly suggest that you check out Wealthy Affiliate. They have something for everyone. Whether you are a full time entrepreneur or you are brand new to the online marketing world. I hope that you have enjoyed this short tutorial on passive income online. Thank you and I hope that you have a great day! Please leave any comments, criticisms, or questions that you may have below.