and finally get that laptop lifestyle
PASSIVE INCOME should be the main target for any person wishing to have the freedom to do anything or go anywhere at any given moment in time and still be earning an income.
You basically make money while you sleep with passive income.
Sounds great right?
Well, it is and I am going to tell you the best ways to earn passive income.
I'll be totally honest and say it involves a lot of front-end work at the start.
When you have your content or products created you will be able to earn a nice passive income from your efforts.
We all dream of the laptop lifestyle...
Sitting on the beach with a cold drink in our hand knowing we are getting paid to do this. sounds good right!!!
So what are the best ways to make passive income?
And live that LAPTOP LIFESTYLE...
NUMBER 1: Amazon FBA
Amazon FBA meaning fulfillment by Amazon.
You source goods from a foreign supplier and that supplier then ships directly to the Amazon FBA warehouse. You never have to even see the goods physically in person.
When someone orders goods from your store on Amazon. They then pack it up and ship it to the customer.
You pay money for this service which does eat into your profit margins but
It is 100% passive income from the number 1 retail giant.
More eyes on what your selling is the name of the game.
Plus it gets you closer to that laptop lifestyle you are after.
TIP: Always check goods personally when dealing with a new manufacturer.
Language and quality issues could get you into trouble with Amazon.
NUMBER 2: Affiliate Marketing
Affiliate marketing, in my opinion, is one of the best ways to earn passive income.
For those that don't know what it is, It's where you get paid by a company to promote their goods or services in exchange for a percentage of the sale.
Every company has an affiliate program of some sort.
The best thing about some affiliate programs is that some affiliate programs are recurring monthly commissions.
After the first sale, you just sit back and watch the monthly commissions come in.
If your interested and want to know more about affiliate marketing
HERE is a link to an article I wrote.
NUMBER 3: Niche Website
I remember starting out trying to make money online I kept coming across advise to pick a profitable niche. So I started selling women's jewelry on my Shopify store...
I picked this for one reason only.
The large profit margins.
Well, let's just say I knew nothing about jewelry.
I hated every minute of it and swore then I would never do something I wasn't passionate about.
So when picking a niche, pick something you love, something you're passionate about.
This is a small example for someone who loves cooking.
ThE $$$ IS IN THE SUB-NICHES
Let's just say you were interested in technology and you loved to cook. SMART KITCHEN would be the perfect idea for a niche site.
Build out a site reviewing new and exciting products. Leave a few Amazon links on your site so visitors know where to get them and BOOM. A nice income stream that keeps on giving.
(On a side note, I hope one of you do this.It would be a great return for your time)
NUMBER 4: CREATE YOUR OWN BOOK
I know this one might seem like a lot of work but it is one of those never-ending passive income streams.
There are so many helpful apps and services around now that fast-track the process.
You might not be a great writer but if you can talk about the subject of the book that is a start.
Record yourself ranting and get it transcribed with apps like Evernote for Android or Voice Assistant for iPhone.
Then you outsource the editing to a writer on UPWORK
It might cost a few hundred getting a quality writer but in the end, you will have a book that can make you money while you sleep.
NUMBER 5: YOUTUBE
The best way to get free traffic and develop a following.
Everything you post on YOUTUBE is there for life. You could make a few videos reviewing products and have a link to Amazon or other companies.
5 or 10 years from now someone could be looking for something and come across your video.
They like the product and buy it and your bank account gets another boost.
You probably won't even know where it came from.
NUMBER 6: STOCK PHOTOGRAPHY & VIDEO
This is the perfect example of people being able to turn their passion into a passive income.
Marketers and designers are always looking for stock photography.
With the massively growing lust for top quality stock video, Now would be the perfect time for any video hobbyist to make a full-time passive income.
You don't have to be martin, Scorsese. A basic everyday video is always needed.
SHUTTERSTOCK is a good company to start out with.
iSTOCKPHOTO is another.
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