Categorized | make money online

Creating Passive Income

One term that is often mentioned when it comes to online business is “passive income”. However, many newcomers to the industry do not really understand what it means or why you should work to create such a source of income for you. While the definitions will vary somewhat, passive income for me would mean income that will come to you without you having to make ongoing efforts to get it. Too many people get discouraged when it comes to operating their own online business for one main reason : it takes too much work. After all, who wants to trade a $15 an hour job to make $15 an hour online, even if you are working for yourself. Furthermore, nobody wants to spend their entire day in front of the computer to run their business.

 

There are many ways to make money online, some of which require more interaction from you on a regular basis, some less. Let’s explore some of the ways that you can create an online business that will not require you to spend 10 hours a day in front of your computer.

 

  • Creating your own product

 

Of course, creating an information product and selling it will require a lot of time and effort in the beginning. However, once the product is created and you have sent some traffic to it, the amount of work that you need to devote to it will diminish as well. This is even more so when you have affiliates that are promoting your product. They will be the ones who will work to create advertising campaigns and get some sales for you, while you can simply sit back and spend an hour or so every day checking your stats and making sure that everything is going ok.

 

  • Selling on eBay

 

While many would say that selling on eBay is not a “passive income” activity, it all comes down to what you sell and how you do things. Let’s say that you have found a product that is very popular and that you can sell for a $50 profit on eBay. If you get just 2 sales a day, that will mean $100 a day of profit. To allow this to happen, all that you need to do is to work with a drop shipper. The buyer pays for the item. You then place an order with the drop shipper and tell them to ship the item to the client. The deal is done. All you would need to do is to place the orders as necessary and also place new listings. All of this would take you less than an hour a day on average and can bring you very nice profits with little effort. For you to make this work, you would just need to spend some time at the beginning finding a product that is in demand and that can be shipped to your buyers by a supplier which does drop shipping.

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