There are many ways to make passive income online. Some methods require more work than others, but all of them have the potential to bring in some extra cash each month.
This article will explain 10 ways that one can make passive income online. These methods take time and effort, but once you get the ball rolling they start to pay dividends.
1). Affiliate marketing
Many companies offer affiliate opportunities for their products and services. All one has to do is sign up through an affiliate network such as Amazon or CJ Affiliates and put referral or promotional code on your site—users then go through your link when making a purchase, and if they buy something, you'll get a portion of the money spent. It's important to understand that affiliates are not paid based on clicks, but rather whatever purchases were made after clicking an affiliate link (although that should be tracked as well).
2). Google Adsense
One of the most common ways to make passive income online is through advertising. Placing a few Google Adsense blocks on your website can generate revenue off of clicks (although it's worth noting that these ads are typically low-paying). The nice thing about this type of income stream is that it doesn't require a lot of effort to set up and maintain; Google does all the work for you.
This is an evergreen option that always works well. If you have valuable information or insights to share, consider putting them into an eBook and selling it online. This can be done through Amazon's Kindle Direct Publishing platform, Barnes & Noble's Nook Press, or Lulu.
4). Mining Cryptocurrencies
Cryptocurrencies like Bitcoin are becoming more prevalent than ever before. Mining them can act as a great way to earn passive income online. Although mining Bitcoin isn't an easy feat anymore, there are still other options out there. Litecoin, for example, can be mined using consumer-grade hardware; this altcoin is very easy to mine—especially compared to Bitcoin.
5). Amazon FBA
The idea behind Amazon FBA companies is to send in your products, store them in Amazon's warehouses, and then pay a cut of the profits when they sell your item(s). This type of passive income stream takes patience, but it could be very profitable if you're willing to invest in the right opportunities. It could take years for your product to start selling because there are so many other sellers on Amazon; however, once you get something that works, it's easy money.
6). Presentations on Slideshare
If you have really valuable information to share with others, consider uploading a presentation onto sites like Slideshare. It could be anything from a detailed explanation of how something works (such as solar panels) to an argumentative essay on new education reform proposals. Presentations on Slideshare generate revenue off of clicks and views. If they're making money, you get a cut of the profits.
7). Selling Websites
There are also many ways to make passive income through websites you create yourself. The first step in this process is choosing a profitable niche market. You must then develop content for your website by writing articles or blog posts about the topic you chose at the beginning. If you choose to write articles about your topics, you will need to submit them to article directories and/or build a blog using social media sites or blogging platforms.
Many people also choose to promote their websites and products on social media sites such as Facebook and Pinterest. This can drive large amounts of traffic to your website quickly, however it does take some time and energy in order for the returns from this activity to cover the effort that was put into creating content on your site.
8). Selling Printables
Another great way to make passive income is by selling your own unique printables on sites like Etsy and Ebay. This involves creating products that can be printed, often with the buyer's choice of fonts, colors, and sizes. These products can include almost anything - digital invitations, labels, art prints, party decorations, etc.
9). Ads Placement
Another way to make money online is by placing ads on your own website or blog. You can host other peoples' ads if you are allowed to do so, or you can use free ad-serving platforms like Adsense . There are quite a few different kinds of ads you can place on your site, so it is important to do some research and find the best option for you.
10) Selling Digital Products
Finally, there are many people who make money online by selling digital products such as courses, templates, or scripts. This often involves creating a sales page for your product and then driving traffic to that page through blog posts, articles, or social media. Once someone purchases your product, you will send them the digital files they need in order to access and use them.