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I Want To Make Money Online And Have A Passive Income
A passive income is the type of income that many people would love to achieve. The problem is most business opportunities do not provide for this type of income.
What is passive income?Passive income is not hard to understand. You do work one time, and then you get paid for that work for an indefinite period of time. It really is the dream way to make money.
Examples of passive income types would be:Writing a song – Write a song once and get paid royalties on future sales for life.Best selling book author – You could write a best selling book and get paid royalties forever.Invent a product – Inventing a product and then licensing it to someone else to sell it. You would receive royalties every time the product sells for life.
How Can You Create A Passive Income?Very few people will become best selling authors, write a song or invent a product. Even fewer will become famous. So is creating a passive income even possible for the average person? The answer is YES!With the invention of the internet it has never been a better time to develop long term passive income. The web has made it not only possible, but it’s being done by many people.
Ways To Create A Passive IncomeThere are many ways to generate passive revenue, but the opportunities listed below are what we believe to be the very best.
You would create a website around a certain topic and then promote your affiliate products from the website.Over the last two decades affiliate marketing has turned thousands of people into multi-millionaires.We love affiliate marketing and believe it to be one of if not the best business to start at home. Why? It’s because this business opportunity requires very little money to start. You can start an affiliate marketing business for under $100. There are very few businesses that offer so much return for such a small investment.Plus, affiliate marketing has very little overhead.Here are the main costs of running an affiliate marketing business:Web hosting: $3 to $10 per monthDomain Name: $11 per yearWriting Articles: $0 if writing yourselfEducation: $199 one time fee
As you can see there is very little cost to operate an affiliate marketing business.To learn how to succeed in affiliate marketing, you’re going to need someone to teach you. The very best course to teach affiliate marketing is called “MAKING SENSE OF AFFILIATE MARKETING” by Michelle Schroeder-Gardner. Michelle Is making over $50,000 per month using affiliate marketing and reveals everything she does in this unique one of a kind course.
SELLING ON AMAZON
Amazon has become the largest ecommerce marketplace in the world. Over $170,000 billion dollars at the time of this writing.Over 51% of all sales on Amazon come from third party sellers.A third party seller is someone who signs up to sell on Amazon. Amazon has a program anyone can join to sell products.As an Amazon seller, you can then sell your own products or brand name products from the platform.By using Amazon FBA, you can send products to Amazon and they will warehouse and ship them for you.This allows you to have a “hands off” business” meaning you can travel and do other things. This creates a passive income.This opportunity is creating more multi-millionaires than almost anything else out there right now.
Here are the main costs of SELLING ON AMAZON:Amazon seller fee: $39.99 per monthCost of initial inventory: $500 to $1,000 one time feeEducation: $997.00 to $4,995.00 one time fee (we encourage you to get some type of education to learn to sell on Amazon)Overall there are not many expenses when selling on Amazon.There are so many stories of people who are achieving amazing success selling on the Amazon marketplace. It truly is an opportunity anyone can do.
If you want to get a head start and rise above other sellers, you need an education. It’s best to learn from others who have already been successful on Amazon. We suggest two courses found below.One of our top picks for Amazon courses is the Amazing Selling Machine. It’s the best course on the market focusing on private labeling products. While it’s more expensive than others, they are on the cutting edge of what’s working on Amazon and constantly update their course material. Plus the community support is great. Read out detailed Amazing Selling Machine review.
The ONLINE RETAIL MASTERY course by Beau Crabill is the best course to teach you how to buy brand name products wholesale and then to sell them on Amazon for an amazing profit! Read our detailed Online Retail Mastery review.
This is a completely different model than the Amazing Selling Machine but both work great to create large scalable businesses on Amazon.
If cost is an issue, the ONLINE RETAIL MASTERY course is 5 times less than the Amazing Selling Machine so this may be the prefect course for you.
If you have a particular skill, let’s say you raise Labrador retrievers. You could start a membership site and teach people who want to learn how to do this! You would charge them a monthly or yearly fee to get access to the content. This allows you to make an ongoing recurring income every month.This could be the best business to start at home for those who love passive income.A membership website can be about anything. It doesn’t even have to be teaching. You can sell any type of valuable info you may know can using membership websites.Setting up a membership website used to be difficult. Now, it’s very easy to set up a membership website.Using WordPress and Wishlist Member, a membership website can be set up within a few hours.Here are the main costs of running a MEMBERSHIP WEBSITE:Web hosting: $3 to $10 per monthDomain Name: $11 per yearCreating content: $0 if creating yourselfMembership software: $197.00 one time feeThere is very little cost to operate a membership website and the returns can be amazing!To set up a membership website you will need to use some type of membership site software. We recommend WishList member. You can learn more below.
BECOME AN ONLINE TRADER
If you’re someone who enjoys some risk, then online trading may be the best business to start at home for you.Of course you have heard the stories of wildly successful people making millions as a stock trader.The truth is, most people don’t make a lot of money trading.Why don’t more people make money trading stocks online?The biggest reason is they don’t know what they’re doing. Or they may just not be following a proven system.If you can find the right program to learn trading, you have a much better chance of success.Here are the main costs of ONLINE TRADING:Stock trading fee: $4.95 to $19.95Education: $99.99 one time fee (we encourage you to get some type of education to learn to trade stocks)Online trading has very low overhead so can be run for little investment.To learn to trade stocks, we recommend Investoo. You can learn more below.
CREATE AN ONLINE COURSE
One of the biggest areas of growth in making money online is education.There are many platforms now that cater only to people looking to learn a particular skill.These teaching platforms need teachers to produce content. Those that produce their own courses then get paid as students sign up.The most well know educational platform is Udemy. The Udemy educational website allows anyone to create their own courses and make money.However, Udemy has changed their pricing structure and made it hard for course creators to earn money. Udemy has lowered prices on courses. This makes the share in revenue for course creators very low.As a result, more people are creating their own courses and selling them from their own website. This allows them to keep 100% of the profits.Here are the main costs of CREATING YOUR OWN COURSE:Course creation platform: $39.00 per monthDomain Name: $11 per yearCreating content: $0 (you will create it yourself)This is another winner in the best business to start at home since the costs are so low and the ROI is so high.The best way to create a course and to place it for sale is on the Teachable platform.
CREATE A SALES FUNNEL
Over the last several years some people have been using “funnels” to create long term passive income.HOW IT WORKS:A sales funnel in theory is a way to take potential customers from being browsers to buyers.You create something in exchange for the potential customer to give you their email address (free ebook, video).Once the potential customer gives you their email address, they get access to the free info and enter your sales funnel.This allows you to begin your relationship with them and hopefully market more and better products to them in the future.Here are the main costs of building a sale funnel:Funnel builder platform: $97.00 per monthList Management: $0 to $30 per monthAs you can see, operating a sales funnel has a very low overhead and a very good return on investment.We feel the very best platform to create a sales funnel is ClickFunnels.
START YOUR OWN ONLINE STORE
Ecommerce has grown exponentially over the last decade. Amazon has become the largest retailer in the world through pure ecommerce.The average consumer now uses ecommerce more than traditional shopping methods.You can take advantage of this revolution by starting your own online store and selling anything you want.STARTING AN ONLINE STORE IS EASY:In years past, starting an online store was much harder. You had to hire a web designer, programmer, and signup for a costly merchant account.THOSE DAYS ARE GONE!With store building platforms like Shopify, building an online store has never been easier.Everything is included with Shopify. Just install a theme and your design is done. The merchant account is already set up. You can even create store without any inventory using drop shipping apps like Oberlo.Here are the main costs of RUNNING AN ONLINE STORE:Domain name: $11.00 per yearShopify: $29.00 per monthStarting and running an online store requires very little overhead. It truly could be the best business to start at home for those who want to get involved in ecommerce.We feel the very best platform to create a your store is Shopify.
It is also good to get an education to learn how to setup Shopify and run your online store. Just click the button below to access an easy to understand course to teach you how to set up and run your Shopify store.
START A DROPSHIPPING BUSINESS
What if you could start an online store and NEVER have to create a product, store inventory, or even ship a product? That what dropshipping is all about!Dropshipping is an amazing way to create a passive income online. You sell products that are stored and shipped by your supplier. You never even touch the products.HERE IS HOW DROPSHIPPING WORKS:First you create your own storefront. The easiest way to do this is using Shopify.Second, by using Shopify apps, you connect your store to suppliers and list their products on your website.When a product sells, it automatically places an order to your supplier who ships the product.You then keep the profit. All this without ever touching a product!Here are the main costs of RUNNING A DROPSHIPPING BUSINESS:Domain name: $11.00 per yearShopify: $29.00 per monthEducation: $149.99 one time feeAs you can see, there is very little expense required to run a dropshipping business.To learn to start a dropshipping business, we suggest taking the course at the button below.
To start your store, get a free Shopify free trial at the button below.
I’m Creative And Love To Design Things
If you’re the creative type and really love to design, the best business to start at home for you may be something utilizing your creative abilities.What’s the best business for creative people?There are many businesses that you can start that will allow you to use your creative talents. The ones listed below are what we feel to be the best.
BECOME A WEB DESIGNER
If you love to use your talents to create new and exciting designs for the web, then starting a web design business may be the best business to start at home for you.Good web designers working for a company make an average salary of $65,000 per year. A web design business can earn much more!Here are the main costs of STARTING A WEB DESIGN BUSINESS:Web hosting: $3.00 to $10.00 per monthDomain name: $11.00 per yearWeb design software: as low as $30 one time feeIt does not cost much to start and run a web design business. You can even find clients by joining Fiverr.com.If you’re not already a web designer, you will need to learn how to become a web designer by getting education on the topic. Click the button below to take one of the best web design courses on the market.
BECOME A GRAPHIC DESIGNER
Everyday thousands of people start online businesses and need the services of graphic designers.Over the last 15 years graphic designers have never been in higher demand than they are right now.WHAT DOES A GRAPHIC DESIGNER DO?Graphic designers create visual concepts either by hand or using software. Their services can be used on the web, online marketing material, offline marketing advertising, brochures, magazines and much more.Here are the main costs of BECOMING A GRAPHICS DESIGNER:Design software: $100 one time fee (may be higher depending on software.Education: $35.00 one time feeYou can start your business by becoming a freelance graphic designer offering your services on Fiverr.We do recommend getting some type of training to help you get started on the right track. Use the button below to access a top graphic design course.
I Am A Technical Person
If you are one of those people that loves technical things, these opportunities may be the best businesses to start for you.
BECOME A WEB PROGRAMMER
Over the last 20 years the internet has taken over the world. As a result, the need for web programmers has grown as well.With an average salary of close to $65,000, web programming is a lucrative field. Freelance web programmers can make even more money!If you’re a technical person and would enjoy developing backend programming for others, there these may be a good fit for you.It’s easy to get freelance web programming work. Just go to Fiverr and sign up as a programmer freelancer.Here are the main costs of a WEB PROGRAMMING BUSINESS:Education to learn to program: $49.00 one time feeSoftware: $30 and upThere really is very low overhead for this business compared to other businesses.To learn everything you will need to know about web programming, we suggest taking a course by experienced programmers. Use the button below to take a top course on web programming.
BUILD WEB APPS
Apps have become one of the hottest ways to access anything in today’s world. If there’s a company, most likely they either have or need a web app!Anyone who uses a phone or tablet, use web apps. Every mobile device is driven by apps.If you’re a technical person and would enjoy creating and programming apps, there can be a lot of money in this business.You could either create your own web app and sell it online, or you could create apps for others.Either way, creating apps can be very lucrative as some of the world’s largest companies made it big developing apps.Here are the main costs of developing apps:Education to learn to develop apps: $97.00 one time feeApp building software: $19 to $49 per monthThis business has virtually no overhead compared to other businesses.To learn everything you will need to know about developing apps, we suggest taking a course. Use the button below to take a top course on app development.
There is also amazing app software that will allow you to create apps for your clients or yourself without any coding! It even works for non-technical people.
BECOME A GAME DESIGNER
With the explosion of video games and online games, it has never been a better time to become a game designer.If you’re a bit more technical and love the gaming world, this could be the best business to start at home for you.The average salary of a game designer starts at $46,000 and goes up to $133,000 or higher. As you can see this can be a very lucrative business.Here are the main costs of BECOMING A GAME DESIGNER:Education: $100 to $200 one time fee (may be lower or higher)Game design software: $35 + per monthThis is still a low overhead business compared to starting a traditional business.The main thing that you will need to do to become a game designer is to learn how it all works. Since this a technical field, it’s best to take some courses to learn the ropes. You can access one of the top courses on the subject at the button below. Over 2,500 people given this course a top rating.
I Love Working With Animals
Do you love animals? Are animals the main focus in your life? If so, then one of these businesses may be the best business to start at home for you.
START A PET SITTING BUSINESS
Approximately 85 million people in the US are pet owners. This number goes up every year.The vast majority of these pet owners have times when they need someone to watch their pets. Maybe their taking a vacation, going to work, or just need a night out, more people than ever need a pet sitter.This makes the pet sitting business an amazing opportunity for someone who loves to work with pets.Here are the main costs of STARTING A PET SITTING BUSINESS:Set up business DBA: $50 one time feeBusiness license: Varies by stateWebsite: $11 per month for domain and $3 to $10 per month for web hosting
Marketing: $10 one time fee for business cards
Insurance: $129 yearly feeWhile this business make take slightly more to get started than some online opportunities, the overhead is still very low.We suggest using a pet sitting program that will guide you through every aspect of running a pet sitting business. You can sign up at the button below.
START A DOG WALKING BUSINESS
With the exploding growth of US households owning pets, the time has never been better to start a dog walking business. Approximately 44 million people in the US are dog owners. Many of these have more than one dog.The fact is, more and more dog owners are too busy to give their dogs the exercise the dog needs. They are looking for trustworthy people to walk their dogs and are willing to pay for it!This makes the dog walking business an amazing opportunity for someone who loves to work with pets.Here are the main costs of STARTING A DOG WALKING BUSINESS:Set up business DBA: $50 one time feeBusiness license: Varies by state
Website: $11 per month for domain and $3 to $10 per month for web hosting
Insurance: $129 yearly feeWhile this business make take slightly more to get started than some online opportunities, the overhead is still very low.We suggest signing up for a dog walking program that will guide you through every aspect of running a dog walking business. You can sign up at the button below.
I Am Into Physical Fitness And Health
Are you someone who loves fitness? Do you love anything related to being healthy and staying fit? If so, this may be the best business to start at home for you.
START A BUSINESS AND MAKE MONEY ONLINE IN THE HEALTH AND FITNESS INDUSTRY
The health and fitness industry is growing worldwide. It has grown to over $30 billion per year and is expected to continue to rise.Starting a business in the health and fitness field may work for you if:You enjoy fitnessYou love teaching people how to maintain a healthy lifestyleIf this sounds like you, we suggest educating yourself on how to make money in this field. The button below will take you to a course taught by Dave Smith. Dave is a certified personal trainer and has taught many how to make money in the health and fitness industry. You can sign up at the button below.
I Love Working With Numbers
Are you the person that loves to work with numbers? Are you detailed oriented? If this sounds like you, then one of these businesses may be the best business to start at home for you. Being a bookkeeper may help to answer the question what’s the best business for me?
START A VIRTUAL BOOKKEEPING BUSINESS
Every business must keep financial records. The fact is, most business owners have no idea how to do this or are just so unorganized.This is where a bookkeeper comes in. Bookkeepers are the people that keep the records of businesses in order and up to date.Bookkeeping has been around for over 500 years. It’s a service that is needed by every business so the field is wide open for good bookkeepers.Bookkeepers earn very good money. In fact, a good bookkeeper can earn $80 or more per hour!Imagine making $80 + per hour for working with numbers!We have teamed up with Ben Robinson, a former CPA firm owner. He has put together the best bookkeeping course available. You can sign up at the button below.
I Enjoy Writing And Working With Words
Are you someone that loves to write and put your ideas on paper, then one of these businesses may be the best business to start at home for you.
BECOME A FREELANCE WRITER
Freelance writers do all types of writing. You can do creative writing, business writing, and even copywriting. There really is no limit to the opportunities that exist for writers in today’s online world.It’s easy to get work as freelance writer. You can join many of the freelancing sites like Fiverr, Upwork, and many others.You can possibly make a six figure income if you work hard and learn to become a great freelance writer.Here are the main costs of BEING A FREELANCE WRITER:There are very few costs with being a freelance writer:You may want a website so you would need hosting: $3 to $10 per monthDomain name: $11 per yearEducation: $149.00 one time feeYour main cost is to get some sort of education to teach you how to make money.We have found one of the better courses to teach you how to make money as a freelance writer. You can sign up at the button below.
SELL BOOKS USING AMAZON KINDLE
Amazon Kindle is the leading platform to sell digital books.If you’re someone who enjoys writing and would love to become an author, this may be the best business to start at home for you.It’s possible to make a lot of money selling digital books on the Amazon platform.However, entering the market is very easy but very few authors know how to make it work.Here are the main costs of SELLING ON AMAZON KINDLE:Education: $199 one time feeAmazon Kindle Software: $97.00 one time feeOther than the one time fees to get started listed above, there is virtually no overhead to sell on Amazon Kindle.That’s why we would encourage you to learn what it takes to create and sell best selling books on this platform.Below you can access one of the best courses on this subject.
After taking the course, you will need to learn to properly format your ebooks. This can be quite confusing. By using Kindle formatting software, it makes the process so easy. You can access below:
Once you learn how to make money using Amazon Kindle, then you will want the best software to take your business to the next level. The KDP Rocket software is just that. You can access below:
I Am Very Detailed Oriented
If you have an eye for detail, one of the opportunities listed below may be the best business to start at home for you.
BECOME A TRANSCRIPTIONIST
A transcriptionist converts speech into written text. Typically a transcriptionist would listen to a recording and then type it and convert to a written document.If you have strong typing skills and can pay attention to detail, this could be a great business for you.HOW MUCH CAN A TRANSCRIPTIONIST MAKE?Although it varies depending on your skill level, a good transcriptionist can make $50 to $60 per audio hour.Here are the main costs of BEING A TRANSCRIPTIONIST:Education: $597.00 to $1,097.00 one time feeTranscription software: $34.99 one time feeHeadphones: $40.00 to $120.00 one time feeFoot pedal (optional): $50.00 one time feeMicrosoft word or something similar: $149.00 one time fee (some computer already have word on them)Although some people think transcription can be done by anyone, this is simply not true. It takes someone who is dedicated to learning what it takes and then putting in the work. It’s definitely not for everyone.To find out if transcription is for you, take the free mini course at the button below. This will help you determine if this field will work for you.
BECOME A PROOFREADER
As long as there is written content, proofreaders will be in demand!If you love to read and find yourself correcting typos, proofreading may be for you.WHAT DOES A PROOFREADER DO?A general proofreader reads written text to check for errors. Their job is to find errors and make corrections so the client has an error free document when done.HOW MUCH CAN A PROOFREADER MAKE?Although it varies depending on your skill level, a good proofreader can make $40,000 or more per year. Some earn much more than this.Here are the main costs of BEING A PROOFREADER:Education: $497.00 to $1,100.00 one time feeLaptop or Ipad: $300 + one time feeProofreading is not for everyone. As said above, if you’re someone who loves reading and loves to correct typos, this may be the perfect opportunity for you!To find out if you would enjoy the field of proofreading, take the free training at the button below.
BECOME A SCOPIST
If you have strong vocabulary, punctuation, and word use skills, scoping may be for you.WHAT DOES A SCOPIST DO?A scopist does editing for court reporters. They take the court transcripts given to them by court reporters and edit them.HOW MUCH CAN A SCOPIST MAKE?Once trained, a Scopist can make $30,000 per year and an experienced scopist can earn $50,000 per year or more.Here are the main costs of BEING A SCOPIST:Education: $2,500 one time feeCAT software: $1,495.00 + one time fee (optional)Scoping is not for everyone. To be a scopist you must have a desire to work hard and have the skills mentioned above.You cannot become a scopist without good training. We have teamed up with Internet Scoping School to bring you the best training possible. Learn more about the the training at the button below.
I Am Very Organized And Love Administrative Tasks
If you are an organized person and love to do administrative duties, the opportunities listed below may be the best business to start at home for you.
START YOUR OWN VIRTUAL ASSISTANT BUSINESS
A virtual assistant is someone who provides support to other business owners. Typically this is done from remote locations. It is a great way to work from your home and very little is needed except a computer and internet connection.HOW MUCH CAN A VIRTUAL ASSISTANT MAKE?Virtual assistants can make decent money. A good VA could make $20 to $40 per hour. That being said, a virtual assistant can make much more than this.VIRTUAL ASSISTANT CHECKLIST
Before you decide if being a virtual assistant is for you, look over this checklist:
-As a virtual assistant you will need to be good at working independently.-If you want to be a virtual assistant, you need to get along with all types of people.-Virtual assistants need to make decisions on their own. This means you need to be able to make decisions without always asking for help.-Typical virtual assistants put in long hours. If you have no issue doing this, being a VA may be for you.-You must be organized as a VA. If not, this would not be the business for you.-Meeting deadlines is crucial to being a virtual assistant. There will be any times you need to complete a project by a certain date. You need to have the self discipline to get things done on time.-You will need to be able to focus and avoid distractions.-As a VA you will need to be able to sit at your computer all day.
If you can agree to everything listed in the checklist above, being a virtual assistant may be for you
Here are the main costs of STARTING A VIRTUAL ASSISTANT BUSINESS:Website: $3 to $10 per monthEducation: $247.00 one time feeGoogle Drive: FreeSocial media platforms: FreeTime trackers: FreeProject management: FreeImage editing: Free
If you’re ready to start a virtual assistant business, click the button below to start your training.
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