That being said, a good non-fiction book can still generate a very good income.įiction: A popular fiction book can make you a lot of money. Non-Fiction: These books are generally easier to write and promote, however, they don’t have the same profit potential as fiction. The first step to writing an ebook is to decide what type of book you’re going to write. Sites like Amazon allow you to easily distribute and promote your books without the need for a large publisher to back you. The rise of the internet means self-publishing has become a legitimate way to earn an income. It used to be that in order to make money from a book you’d have to get signed by a large publisher. You only need a few pages to rank to generate a good income, although it’s recommended to continue to post new articles at least semi-regularly to keep getting traffic. Ranking pages on Google takes time though, so don’t expect a quick turnaround or to see results immediately. Once you have your keywords write articles that focus on them, then promote your articles through social media, networking, and link building. There are a number of services that hardly require you to have any computer skills. If there aren’t many sites creating quality articles on these topics it will be easier for you to rank for them.Ĭreating a website isn’t difficult these days. At least 100 searches a month, and ideally you have a few that get over 1000 searches a month.Īre easy to rank for and don’t have a lot of competition. Use keyword research tools to find a group of related terms that: The key to making this work is building your site around the right search terms. You can even develop your own products and promote them on your site. Once enough of your pages start generating traffic you can monetize the site through advertising or affiliate marketing. The idea here is to create pages that rank highly for popular keywords. While podcasts and video platforms like YouTube are becoming more and more popular, blogging is still an excellent way to make money. This doesn’t mean you’ll become a rich billionaire, but you could end up earning a comfortable living.Īs mentioned earlier, a website that’s able to generate income off the traffic it receives is a prime example of passive income. You can create something awesome that will give you financial freedom and may even become your primary source of income. However, if you’re willing to put in the time the possibilities are endless. Once they realize they actually have to work at it they give up. This is why most people never achieve passive income. This could be a business or product that, once set up, will provide a consistent source of revenue with only a small amount of involvement from yourself. When we talk about passive income, what we really mean is working hard today in order to build something that will generate income in the future. Its earnings could drop off and there’s a chance you’ll never make your money back. But then the question becomes “how did you acquire that money?” Most likely you worked hard to get it.Įven if you didn’t have to work to obtain the money, you’re still taking on risk in buying the website. You could argue that you could simply buy an existing website like this and then enjoy the profits. Maintain and update the site to keep readers coming back.Īll this takes a lot of work, at least to start. Optimize the site for SEO to ensure it appears in search results. Research niches in order to find one that has the right balance of demand and competition to be profitable.ĭesign the website, or hire professionals to build it for you.ĭevelop engaging content that will attract readers. In order to grow a business like this you’d have to: However, websites like this don’t just magically appear. On the surface, it seems like there’s no work involved. Here’s the real secret: there’s no such thing as true passive income. To a reasonable person, it sounds too good to be true. Every time someone clicks on an ad you make money without doing any work.īut is that really possible? It’s not surprising that when most people hear about this concept they have their doubts. An example would be a website that generates ad revenue. Passive income is a way of making money that involves little or no effort from the earner. Before we launch into our list it’s important to actually define passive income, as there are a number of misconceptions around it.
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