Ways to Earn a Passive Income Working and Telecommuting From Home
Online income opportunities are frequently popping up all over the Internet. For the most part, this is a good thing as it allows people an opportunity to earn part-time or even full-time income completely from home. This gives everyone from students to stay-at-home moms a way to earn income from practically anywhere with Internet access.
While there are plentiful of legitimate work-from-home opportunities out there, you also have to be aware of scams. These can be spotted from a mile away with their absurd claims. Any ad claiming that you can make $50 an hour with no experience is an example of a telltale sign of a scam. Job ads requiring a fee are also questionable and should be avoided.
Despite all the get-rich-quick schemes floating around the Internet, there are also plenty of real opportunities to make an actual income. The following are some examples of ways you can establish an income stream from home.
Passive Income With Affiliate Marketing
Affiliate marketing is one of the best ways to earn an income off the coattails of an existing business. As an affiliate marketer, you basically promote a company’s services or products and receive a commission for every sale or referral made through your link. Most companies have an affiliate program that anyone can sign up for. Once you become an affiliate, you will be given a unique backlink that you can place on your own site, blogs, article directories and social bookmarking sites. You receive a commission when a transaction is made through the link.
Affiliate marketing has a lot of potential, and there are success stories of people who have made annual salaries in the six digit ranges. However, this is the exception rather than the norm. The bulk majority of people who give affiliate marketing a shot end up quitting without earning a single commission. The reality is that affiliate marketing is an endeavor that requires tons of networking and establishing an online presence. This entails tons of content creation, SEO and making good use of social networks. If you are willing to put in the work, then affiliate marketing is a very lucrative opportunity as you do not have to start your own business, maintain an inventory or handle payments and shipping.
Mobile Applications and Games
The mobile industry is getting bigger and more people are browsing the Web through their iPhone or tablet devices. This makes this industry a very lucrative one for making a passive income. If you have experience with coding and programming, you can create your own app or downloadable game. Even if you are not exactly tech savvy, there are programs out there that make it simple for a layperson to create their own mobile app or game. With a little marketing, your creation can really take off and sell like hotcakes.
Blogging for Income
Blogging is a great way to establish yourself as an authority figure on a subject that you are knowledgeable of. It has been said over and over in the online marketing community that content is king. High quality content combined with a little SEO work can really get your blog recognized. If you can establish a strong following of readers, then there are all sorts of passive income potentials. You can promote products and services related to your blog as an affiliate.
You can also further increase your presence by posting as a guest for other well established blogs within the same niche. If your blog manages to achieve a decent page rank, then some businesses may pay you to write a post that promotes their site. However, it is important that your posts do not become too promotional in nature. Keep the content mostly informative with useful tips and advice. Using an overtly promotional tone can hurt your reputation with your readers.
Revenue Sharing Sites and Directories
There are some article directories that will pay you for every article published on their site. However, payment does not come from the article written but from revenue share. The way it works is that an ad is posted on your published article. For every reader that clicks on the ad, you receive a small amount of payment.
Revenue sharing is a great opportunity to earn passive income as each article can continue to earn you money long after its original publication date. To be successful writing for revenue sharing sites, you will need to create dozens of high quality content on a daily basis. You should also sign up for multiple revenue share sites to reap the most financial reward. The more articles you write, the more total views you get, and more views mean higher ad clicks.
Cost Per Action Marketing
This is another opportunity that is very similar to affiliate marketing. The only difference is that with CPA, no purchase or transaction is necessary for you to earn a commission. Instead, you earn a profit for every specific action taken. The action may be subscribing to a newsletter, signing up for a trial offer or something to that extent.
Like affiliate marketing, CPA requires tremendous content creation, SEO work and building a reputable online reputation. Some people prefer CPA over affiliate marketing as they feel it is easier to get people to sign up for a service or trial than to make a purchase. It really comes down to personal preference, and both opportunities can bring in passive income if approached correctly.
Explore Different Income Opportunities
There are so many passive income opportunities and residual income ideas anyone can take advantage of. For more passive income ideas, you can click here at chooseyoursalary.net to learn more. Don’t limit yourself to a single method; there are so many opportunities to explore. The possibility of earning a full-time income is very real if you are willing to put in the work. Don’t think that because you get to work from your home that these opportunities require little work. Like any other job, the reward is proportional to the amount of work you put in.