How To Create Passive Income Streams With Ease Using Skills You Can Easily Unlock!
Before we start talking about our main subject I am betting you are asking if this is such an easy task why isn’t everyone doing it? Fact is over 100,000,000, yes that’s 100 million people are currently using blogs and websites to actively unlock passive income streams. Some to great success, others to great peril. Our goal by the time we are done is to tell you how you can unlock these hidden keys and learn how to create passive income streams of your own.
What are Passive Income Streams?
Passive income comes from work done today that continues to earn you money in the future. It’s a bunch of one time actions compiled to form a business that can last long after you retire from actively promoting your business. I promote products like Ecommergy the E-commerce training center and community forums from Carson Services and Strong Future International. This is a product that is sold on subscription and generates a residual monthly commission for me on sales.
Likewise, I also promote My Favorite Affiliate Training System and WordPress Managed Hosting service Wealthy Affiliate and can earn $23.50 per month per referral or $175 a year if the buyer opts to do like I do and pay by the year. These are just 2 residual income streams and residual is not the only passive income found here.
I also earn passive income through evergreen content that promotes single sale commission products like Russell Brunson’s Expert Secrets program, or the sale of Dragon Naturally Speaking software. Evergreen Content like product and website reviews. Reviews are always in demand and you can rank high in Google for years to come by keeping these posts up to date. You do this by refreshing the information or writing a new post for updated products like version 2.0 or similar.
Here are some quick tips on how to create passive income streams.
Step one begins with the right training. For this, I mentioned Wealthy Affiliate which I joined 4 years ago to study for a product review. I have been an affiliate marketer since 2003 and a blogger since 2004. I wasn’t expecting them to teach me even half of what I have learned so far. On top of learning secrets that have more than tripled my earnings in the past year I have access to a robust community of peers and experts, weekly training from Magistudios, Jaxxy Keyword Research Tool, and more. All of this for under $50 a month or in my case just $359 a year.
Wealthy Affiliate focuses on teaching you how to set up a blog based website in any niche market you are passionate about. I have this blog and 3 others in development on Early Retirement, Baseball, and Politics. All of which will be producing income in 2 years or less that will give my 7 kids options my brother and I never had. All this while allowing my wife and I to retire or semi-retire wherever we want.
So here are some quick tips.
- Get the training, don’t try to piece the puzzle together for free you will not get the pieces in the right order and will lose valuable time and money.
- Pay Attention during training and apply what you learn as you go.
- Don’t bounce program to program looking for instant wealth, it doesn’t exist as fast money in is always fast money out. It will take a minimum of 6 months to one year to see sizeable results and longer to totally change your life but stick with it and you will definitely see a day you can fire your boss.
- Pay for your tools because free alternatives are free for a reason and that is to get you to buy the features needed to make them work.
- Find ways to save money to invest in your home business. (updated list inside the Wealthy Affiliate Training Center)
More on creating multiple streams of income or passive income.
By learning to write a training post and related reviews, for example, you can generate a handsome income. Likewise, you can talk about anything you are passionate about such as my site on baseball and my site on Politics and make money recommending related products and showing advertising on your site. Any passion works, just so happen I love helping others build traffic and earn money online so you get to read this post while I sit here stress-free.
Every product related to a niche has a buyer or more like a million of them out of the 4 billion people in this world. Your job is to write the content people are looking for and let them step into your site and find the product offerings with no sales pitch.
That’s right, you do not have to know sales or do sales to make money. All you have to do is send people from your blog to the product site and let the sellers handle making the sales for you. Your next question will be how do you make money which is simple. When a sale is made through your unique referral link you are credited with the sales referral and paid a commission or percentage of the sale amount. A t-shirt on Amazon may pay you 8%, and e-book on Clickbank may pay you 75% of the sale, you might find great deals at any of over 300 million retailers selling more than 800 million different products or brands.
Summary of How to Create Passive Income Streams
You now know what you will be doing and it can be your dream job. Think of anything you love doing and you can do that and make money, Do you bake, write about it and sell oven mitts and cookie cutters, piping bags and more. Are you a green thumb? From lawn tools to fertilizer and worm kits for composting to seed storage kits you can make great money. Love fishing well you may even sell a Boat at Bass Pro Shops or Cabelas.
- You don’t have to know how to write because Wealthy Affiliate will teach you.
- You don’t have to know how to type because there are tools like Dragon Naturally Speaking that does voice to text.
- You don’t have to know search engine marketing because WA teaches that too.
I have a friend with MS who uses a computer to talk like Steve Hawkings the renown physics genius. He can do this so I guarantee you can. I am coming back from a nervous breakdown and losing everything including my health and mental health and I do this and do it very well. You too can make this happen for your family.
Start as a side hustle. Give it a few hours a week to write 2-3 posts per week. Give it a year and see how much you are making. Give it two years to know what your progress can be. Upgrade and you will get my tutorial inside Wealthy Affiliate called 3 million visitor formula. I will show you how a team of 5 took a site to over 3 million monthly page views and the ability to be an overnight success in any affiliate program we chose. As another bonus, I will personally be there for your every question. That’s all you need to be a success.