![]() ![]() I was more interested in buying beer than a digital product from a blogger. Back when I was in college, I was lucky to have over $100 in my bank account. You just chose your niche site idea based on passions rather than revenue potential.Ī college audience isn’t the most lucrative. Let’s say you’re passionate about teaching, and you start a blog about productivity and time management for college students. How does this factor into niche selection? Instead, it needs to be planned from day one. Revenue is put on the back-burner to be figured out “one day.” Most bloggers start with a passion in mind, write passionately for years, but don’t know how to transition from blogger to profitable blogger. So how do you create a profitable blog? Choose Your Blog’s Niche with Revenue in Mind. I’m passionate about a lot of things – running, astronomy, fantasy football, Breaking Bad, personal development – but if I had to write about these topics for years and never made a cent, I’d quit 100% of the time. The truth is: 95% of bloggers fail because they can’t make it profitable. Many “experts” claim that bloggers are failing because they aren’t passionate enough or can’t stay consistent with their writing. However, modern-day blogging isn’t necessarily all about writing – it’s about running your blog like a business. When you think about starting a blog, you could be tempted to pick a passion of yours and start writing content. Digital product sales: paid products that are downloaded and don’t require any shipping.Ad revenue: Mediavine ads that pay out monthly.Affiliate revenue: commissions I generate when readers click one of my affiliate links and purchase a product from a company.The revenue comes in from three passive income streams: Whether you want to make $1000 a day, more, or less, a blog is the most passive type of online business. I’m starting this guide with blogging as a passive income strategy because I believe from experience that it is the #1 way to make passive income. Start a Blog (or Online Business) the Right Way. Making Use Of A High-Yield Savings Accountġ. Here are my top passive income ideas and strategies to try this year. There are also traditional routes to passive income like real estate investment trusts, licensing, and dividends from the stock market. Today, when many think of passive income, they think of digital entrepreneurship: selling digital products, affiliate marketing, online courses, Google AdSense, selling eBooks, etc. The 4-Hour Workweek by Tim Ferriss propelled this idea into the mainstream, and Pat Flynn’s Smart Passive Income elevated it further. In its looser definition, passive income could also be something like affiliate marketing income earned through this blog – while I put in a lot of work upfront, I don’t have to actively do anything anymore to make it. ![]() ![]() One can also consider apps such as Arrived Homes that helps you get started with real estate investment by allowing you to buy shares of a rental property you like. However, the definition has changed over the years to include money earned online that takes little or no effort to make.įor example, dividends and interest (portfolio income) is considered passive income. Passive income, by definition, is earning money from a partnership, enterprise, or rental property in which you are not actively involved. You can read my affiliate disclosure in my privacy policy. However, these are the best tools to help you gain passive income this year. We’ll also cover the best ways to generate passive income along with ideas and strategies that work this year.Ĭheck out my video on the best passive income ideas:ĭisclaimer: This article includes affiliate links that may provide a small commission to me at no cost to you. In this guide, we’ll cover the three key principles you need to follow (no matter what you’re selling) in order to make money online. Someone else’s products (affiliate marketing).When building a digital business for passive income, you’re usually selling one of three things: I built this blog to a $100k/month business, but it took real work to get there. YouTube ads with some shirtless guy in his garage, spewing nonsense about making millions on Shopify. Instagram influencers touting some new strategies. Today, the dream of making passive income bombards you everywhere – Facebook Ads promising instant wealth. Want to jump to one of the best ways of making passive income? Check out ArrivedHomes, a solution that allows you to buy property shares and make money in return.
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