This post will be about Passive and active income. Active is basically exchanging your own time for money and the last half of this post will be about passive income online which basically means, that it requires a little bit of initial startup time and resources but very little upkeep once you set it up.
Amazon MTurk before what it stands for is Amazon Mechanical Turk, it’s basically a marketplace by Amazon for people do things that robots can’t do that they have to have humans to do and they outsource it to you guys they outsource it to people with extra time who want to earn a little extra money there are all kinds of tasks on this website anywhere from searching data to data entry to transcribing which transcribing means watching and listening to a video or audio file and then typing it and you can actually make fifteen to thirty dollars an hour if you know how to do this correctly and if you know more than one language you can actually make money on this website by translating stuff
Another way to make money online is by eBay now you can combine eBay Craigslist you can even go to the dollar store Facebook marketplace and basically what you do is you become an entrepreneur buying low and selling high you know you go to your local dollar store and you find this little trinket oh that looks cool I want to win it cost on eBay you look it up on eBay and you can sell it for 20 more dollars it’s maybe it’s a super soaker water gun you buy it at the dollar store for three dollars you sell it on eBay for twenty three boom twenty dollars right there it probably doesn’t even take you an hour worth of your time anyways there are all kinds of marketplaces out there and if you learn how to leverage them what sells best to where you can make a ton of money flipping stuff.
Number three is surveys, now surveys are kind of a pain in the butt especially because I start getting some spam in the mail but you can’t make a ton of money on this there are places out there like swag bucks which I’ll talk about later inbox dollars my points there is all kinds of places you sign up to you take daily surveys and you make money.
Now on to swag bucks which is pretty cool because you can literally get paid by searching stuff so I did this probably a couple of years ago and I’ve been doing it every now and then when my free time and you can earn a lot of extra money doing this basically instead of going to Google you use swag bucks custom search engine which you can set it to Google and you search stuff like how to tie a tie and then every once in a while they’ll give you a reward for using their search engines
Instagram shoutouts is really cool but it does take a little bit of time to build up because you have to have an initial following that’s really cool because initially if you want to get a whole bunch of followers you can go through follow 100 people and then unfollow that 100 people and you’ll usually have a net gain of like 10 to 50 new followers. If you do that over and over maybe a thousand times in one month or a couple of months eventually you’ll start to gain followers and if you need to you can actually buy them but after you have that initial following you can actually sell shoutouts.
Next way to make money online is by freelance jobs now one of the best marketplaces for freelance work is up work and this is actually what I use for all kinds of other stuff so if you’re a video editor if you’re a graphic designer even if you just want to play a video game or test a website, people will pay you to do this also if you’re ever in need of a virtual assistant up work is a great place to go personally I use work to hire occasional article writers video editors and even they do some graphic design work that I don’t feel comfortable doing myself but you can sign up to up work as a freelancer which means when someone post a job you can do it boom they’re 60 bucks in your pocket for designing a background or boom there’s $100 in your pocket for editing a six-minute video
Fiverr another really cool marketplace because there are a lot more people that do it usually because this stuff is cheaper and you can make money by selling your services so you can do SEO work you can do video editing graphic design even website feedback if you’re comfortable doing that well you can sell your own services but there’s another way to make money with Fiverr that not very many people know about if they do know about it they’re usually raking in a ton of cash and that is to buy services from Fiverr for $5 $10 and then sell them to businesses who don’t know how to get the same services that cheap for maybe $100 $200.
Now let’s talk a little bit about passive income anything about passive income is highly encouraging – the first way you can make passive income online is by selling photos so there are all kinds of websites out there that will pay you a percentage of how much money they earn from selling your photo so sites like SmugMug Pro, Shutterstock, iStockphoto, if you’ve ever tried to buy a photo you’ll realize wow that was a hundred dollars for one photo well that’s because Shutterstock pays a percentage of that money to the person that took that photo, if you’ve ever tried to buy a photo you’ll realize wow that was a hundred dollars for one photo well that’s because Shutterstock pays a percentage of that money to the person that took that photo.
The second way that I’ve learned to make passive income online is through Clickbank, another marketplace basically of other people’s products and the cool thing about this is is that you get to sell someone else’s product it’s basically affiliate marketing
The third coolest way to make passive income online is through Amazon affiliates now the way that Amazon affiliates network is that you put a link in your description of your YouTube channel or your blog or some other website that you have and what happens is whenever someone clicks on that link boom they get a cookie on their browser which means any product they buy on Amazon for the next 24 hours you get a percentage of and one example of this is that on my youtube channel
Another way that you can make passive income is by selling Kindle e-books now Kindle e-books are really easy to create and some people think that it’s just really hard to make them so they don’t get into them. There are great videos online that teach you how to create a Kindle eBook and how to market your Kindle eBook.
The next way to make passive income online is by selling digital files, now one of the best sites that I found to do this is self Icom and usually they take a commission of whatever you sell it’s like two to five percent I think but you can create a small little course or you can have website templates or you can have your own WordPress themes and sell it on
Another way to make money by selling and teaching a course on Udemy. I’ve heard by some specific people that Udemy kind of sucks because they’ll gyp you out of money because it’ll take your $300 course and then put it on sale for $10 so that they can get more users on their website and that’s kind of blackhat kind of ripping off creators
Create a membership site, say all right everyone $30 a month you can sign up to my membership site you’ll get all kinds of information that I’ve learned have regurgitated from books everything I’ve learned from business psychology relationships but those kind of membership sites take a lot of upkeep.
The last way that I’m going mention online is by building a youtube channel now when you build a YouTube channel you can make a lot of money with ad revenue but it takes a ton of views you can actually make way more money if you sell stuff in the description you might get 10,000 views and that might earn you $20 but if you get 10,000 views and 10% of those people buy a $300 course of yours that’s going to earn way more money than the video ever will so when you build a YouTube channel you have got to be passionate and I cannot stress this enough because there are tons of people who get into YouTube and will make a couple of videos and then fall out because they’re not passionate about it and they just give up and so don’t give up- it can be done.