How are you from the last time you read my blog?
If you are new, welcome to my blog!
You know that as an online business owner, there are times when there will not be any income coming in unless you have long-term, consistent monthly clients. If so, and you know this is not the case for your business; it’s best to create some opportunities for passive income for your business.
Why you need passive income for your business?
You might be asking, what’s this passive income about? It’s the extra income that you use to earn passively when it’s not really your main income. This can be in the form of creating an additional income other than your main source of income.
What you choose to make this passive income is really up to you. I have created my passive income by creating additional courses that will take the form of an e-book or a video tutorial. I can sell this course over and over again without making any effort and that’s one way of creating passive income, without doing anything.
You can create as many options for passive income!
Another main way of creating passive income is through affiliate marketing.
This is actually allowing other persons to purchase a product or service through your unique ID that you sign up with.
Each time someone signs up to buy that product, you earn a percentage of that income and that is actually another way of creating income passively. There are numerous ways that you can think of creating income that you do not need to do much work for. One is teaching a course through a webinar or even a video course. It really depends on what platform works for you and how you want to deliver that work to earn the additional income.
There are numerous ways that you can think of creating income that you do not need to do much work for. One is teaching a course through a webinar or even a video course. It really depends on what platform works for you and how you want to deliver that work to earn the additional income.
But do not limit yourself to those days when you will not be earning any money besides your main source of income. What I normally do on my off days is learn something new as well as creating those PDF guides that I need to use as passive income.
Use blogging as another passive income for your business.
Another income generator is blogging for money. There are numerous sites where you can become a guest and they actually pay you to blog for them. Even online owners need content consistently, so if you are a writer who is passionate about writing one way is to present your written words to your audience. This is another method for you to create income such as blogging for profit.
Another favourite of mine….
One of my favourite platforms is signing up to stock photo sites and this can take the form of affiliate marketing, where you promote their site and allow others to sign up using your unique link. As an online business owner, your individual preference is based on what will work for you and your business at this time.
I am recommending my favourite virtual assistant site to you.
Now I want to recommend a platform that I like to use a lot as a virtual assistant. Why recommend this platform to you? It’s a FREE forum that has a one stop shop for VA related news, services, rates, job board and also how to hire a VA and if not, how to become a VA yourself.
You might also know of someone who can benefit from such services on how to be a VA. I know it did come in handy when I was starting my virtual assistant business online. You can learn so much information and did I mention that they offer FREE resources and information right at your fingertips!
Now that you know that you can make passive income, from using affiliate marketing, blogging for business and signing up with stock photos sites to make extra cash. I hope you do get the rewards that you have worked so hard on.
It was nice of you to stop by. Remember, if you need help, ask Juli! Until then, happy hiring, and best wishes with your business.
Photo Credit: HauteChocolate