6 Passive income ideas and Ways to making money online.

What is passive income?

Passive income simply mean money or income that is not directly tied to our time. In order words it is an income that is generated base on royalties and also income from our businesses which is not tied to time. Passive income always take time to be established, it is not a get rich too soon just like crepto and any other money making site. The only way to make money is to provide value in some ways that is not directly to your time.
The following are some passive income ideas.

1. Starting a YouTube channel: Starting a YouTube channel is pretty simple. Create a YouTube channel and upload your videos making good videos even though it's not easy to be eligible to You Tube monitizatiom. You need total number of 1,000 suscribers and 4,000 hours of watch time and it can take you up to six months depending on your content which determine how fast you make up with the suscribers and view time. Also have it at the back of your mind that you can't just start a YouTube channel and start making money at day one. There are also other ways of monitising your YouTube Channel such as Brand deals and any other kind of stuff.

2. Start a podcast: Starting a podcast is generally easy than starting a YouTube channel. To start a podcast is very easy go to Anchor.fm. Literally you can use your phone around between friends and start a podcast. You can also use a website called Riverside.fm. Riverside makes it easy to start a podcast. To make dollars on podcast there is nothing like You Tube AdSense. You will need sponsorship or Brand deals to make money on podcast generated. You can expect $18 just for a 30 second ad view per 1,000 views. Also by having a 1,000 Download/ episode and 4 episode per month just by putting a 60 seconds of ads. Starting a podcast is not as You Tube monitization. it is easier to get started on podcast.

3. Becoming an Affiliated marketer: Affiliated 

marketing simply means that you sell other people's product and get a percentage from this sell product. Affiliated marketers earn 48% of affiliated of 20,000 a year which is 1,600 a month. How to become an Affiliated marketing? Basically you can start up with Affiliates like Amazon Affiliated marketing also known as Amazon Associate which is publicly the biggest in the world. So if you have your special Link from the Amazon after sign up you can paste that on your website, twitter, or any social media or whatever website you have. 

When people buy through your link there is some percentage you have from the product which have been bought.

 It is very easy to do but how difficult to earn dollars on Amazon Associate?

You get 5% of all the products you sell. You will also need 8,000 visits to your website to actually make $100 a month. though this is actually quite hard to get 8,000 dollars in a month to your website and also your product page. What is most needed is building an audience and you're into which brings traffic to your website.

There is also Affiliated programs such as Skillshare you earn $7 per person you refer. So if you need to earn up to $100 per month you need 15 people to sign up to Skillshare affiliated program successfully through your link monthly. How hard or difficult it is to make people signed up to Skillshare affiliated program. It is not not that hard if you have an audience. You can create a useful content and putting it for free atleast once a week and follow all this steps properly, you will be able to make some kind of audience for this passive income stuff.

5. By Selling Digital product: These are products you create by selling things like e-book or download and also app which you create once and sell it multiple times. Some of this digital products are creating latest iPhones apps and templates for website design. How difficult can you earn from or to be successful with selling digital products?
It is easy to make an easy e-book but can be difficult to actually get people to buy your apps and templates. In this case you need to be generally genuine in getting people buy your products Some of the key things to note is that when you identify people's problems you then sold that problems to them in return.

6. Selling your Course: Selling a course can also mean selling an online course. It is an online course which is generally in video format. It is not hard to do but again need an audience that can patronize your products and at that point, your course need to be good. The platform that you can sale  or  promote your products or rather video courses is known as Skillshare. Remember that there's also Skillshare affiliated program. 

So how can you make dollars on Skillshare?

To make up to $100 monthly on Skillshare, you need about 1,700 minutes of Watch time. So if you have 1 hour class you will then need 28 students to get the premium membership that will give you about a $100 per month. So if your course is pretty good that wouldn't be hard to get watch it because they know how good it is to get something of value. Another way to get $100 per month is by charging $100 per course only if your course is too awesome and pretty good.

 So if you have valuable things that you can teach, creating course is one of the easiest way to do. And to get started you can sign up as a premium member or even signing as an Affiliated member of Skillshare. One of the benefits of that is that you don't need to create a course multiple times just once and keep selling the same product for a whole lifetime.

Conclusion

To conclude from the above passive income ideas, you need to understand that this is not a get too soon rich but can be beneficial for a lifetime, hard-work and patience is always the answer. So you need to be patient and work hard after identifying your niche.

Thanks for reading from this site, please do well by commenting below in the comment section which is your favourite passive income above and also suggest to me any other passive income site to make reviews in my next blog. Thanks