What an epic blog post! This is going to end up as one of the best of 2011, in my opinion. Moreover, thank you so much for featuring my blog in your top “make money online” blogs. It’s a true honor and I’m humbled to be listed with so many other great blogs within what I consider one of the best posts of 2011. I’ll be featuring your post and linking back on my blog tonight…
So, where are we supposed to turn to make money the legitimate way online? This isn't just about generating passive income; this is also about finding ways and means to create an active income through the conveniences afforded to us by the internet that will not only help us with our debt obligations, but also empower us to save, invest and get really rich in the future.
So, I put together a free master course for you to take that spreads out all of the work involved in starting a blog, into a series of action-packed lessons. My free course breaks the entire process of starting a blog down into an incredibly simple 7-day process for going from 0 to publishing (and promoting) your first blog post in just 1 week. I can't recommend it enough.
Cryptocurrency or digital currency is the next big thing in currency trading. It’s a digital asset that is used as a method to pay for things, that isn’t run by a government or institution. Bitcoin is the most well known digital currency and was trading at $200 per Bitcoin back in 2013. Now it is worth over $17k and is expected to be worth well over $1m in 2022.
The prep work before you open up shop is more time-consuming. You need merchandise to sell, photos and descriptions to post, a name for your shop and a business plan to help you succeed. Once that’s done, you’ll still need to find customers. Depending on what you’re selling, that could take weeks, which is why you should expect the overall time for this gig to be slow.
Lending Club (U.S. Residents Only) – I’ve been talking about this site ever since I started this blog, so there’s no reason to stop now. Lending Club is an important part of my passive income strategy. I discuss it in all of my income reports, so you can read those for more detail. As I’ve said several times, I believe this is my only true source of passive income.
With that said, I find Ebay is better for supplemental income instead of a full-time income. But you CAN grow a full-time business on Ebay if you choose to. I simply prefer other ways to make money online. I don’t like to rely on Ebay or any single company to grow my business, so I tend to use Ebay for things that I find to be fun like garage sales. It’s not something I like to earn a full-time income from, but others do choose to grow an entire business centered around Ebay. If it’s really something you enjoy, you could do the same.
What exactly is an infopreneur? You will basically create a website, and don’t worry, you don’t have to know any computer code to do this. You will write about a topic you already know and love on your website. You don’t actually sell anything on your website. You just create as much information as you can. As you create that information, you’ll naturally start getting website visitors from search engines, social media platforms, etc. People will naturally share your awesome content. Once you start gaining all these visitors on your website, you can start selling ad space on your website. This is a great way to earn passive income without any customer service, or products, or anything like that.
1. Choose a time of day that you can click ads and eventually manage your referrals at the same time everyday. Click all available ads everyday. Once your account balance reaches $2, transfer this money to your rental balance and rent 3 referrals. It only costs $0.90 to rent the referrals but you will need the remainder to properly manage them and keep good referrals for more than a month. Put the autopay function on.
What a huge, great list of ideas – bookmarked this as I know I’ll be coming back to go over it again and again. Here’s another item that could have made the list. I found a financial directory that’s useful for info on making money online. It’s http://money.madbeetech.com. What I like about it is that each directory listing includes ebooks and videos that can be instantly downloaded. All sorts of stuff for people who have their own website, and people who don’t (but still want to make money online).
The money is most certainly in the list. If you're at all interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
If you are a budding photographer and would like to be paid for your craft then you should consider setting up your own photography website. This is a great way to not only promote your services as a photographer but also to sell your images. You can charge visitors a fee to download your images. Or, if you’d rather, turn your site into a paid membership site, with free downloads of all images for paying subscribers.
Today, pretty much any business can benefit from some form of social media presence, whether that’s just a Facebook page or a full-on suite of streams including Pinterest, Twitter, and Instagram as well. Learning each of these websites involves an investment of time and attention that not every business owner is ready or willing to give. That’s where you come in, if you are skilled at using these platforms: become their Social Media Manager! Most of us have spent plenty of time on these platforms, so why not put your knowledge of hashtags and what makes a post popular to work? You should also know to develop a solid social marketing strategy and provide customer service.