Passive Income Opportunities
Passive income opportunities are often defined as the ways and means of earning income without having to really work for it, and which do not require any effort.
Investing In Your Future Financial Security
I personally would not endorse that definition wholeheartedly. Unless you inherit your fortune or win the lottery, there is usually some type of investment involved in generating a passive income.
You will most likely need to invest your time or your money up front in order to create the foundation of a lasting passive income. Sometimes you need to invest both!
For most people, passive income is generally a supplement to their main income earned through hard work and pursuit of a profession.
I have a few friends that have taken their earned income and invested it in real estate. Their rental income creates a positive cash flow and could be classified as passive income.Don't be fooled
by the numerous claims of "get rich quick" or "make money fast" that you see cropping up more and more these days on both paid TV ads and internet marketing. There is still no fast road to riches, no matter how much we would like there to be.
However, there ARE some genuine methods that can be followed to create a passive income for you and the future financial security of your family if you are willing to put forth the initial effort or investment required.
Online Income Opportunities
If you already have an offline small business, you are ideally suited and positioned to make a small investment to maximize your earning potential by bringing your business online and creating passive income.
A small business website is the best way to provide more complete information to potential customers or clients, both locally and globally. It also allows you to popularize your products and services in a way you would never be able to do offline.
A good business website opens many doors for you, beyond increasing your sales or expanding your client base. It provides you with an avenue to implement various passive income opportunities that your offline business could not hope to achieve.
Using a website business building package like SBI
you can build a strong small website that will perfectly position you to implement some of the easiest passive income opportunities currently available.
If you'd rather invest your money than your time, one of the Sitesell Services Specialists
will set it up for you, to your own specifications.
Passive Income Opportunities Online
Once you have an established high quality website, there really are several ways that your website can bring you passive online income without requiring you to constantly be "working" at it.
Apart from selling your own products (hard goods) or services, these are some of the easiest methods of generating passive income from your website:
- Affiliate Marketing - In simple terms, affiliate marketing is promoting products made by other people and getting a commission on any sales generated, without putting in any effort into picking, packing, or shipping the product yourself.
Websites can easily be used for affiliate marketing because there are innumerable companies that offer affiliate commissions on sales generated in almost any niche (theme) you might care to enter.
Adding affiliate marketing to your small business website is a very simple task. You selectively add soft recommendations to products or services related to your business topic using special "affiliate links" so that the vendor can track the source of the referral back to you.
Once you have set up this relationship and added the appropriate recommendations on your website, it's pretty much an automated system from there.
- Direct Website Advertising - Your business website can also be used for placing paid advertisements for other related companies or products.
These ads can be in the form of text links or banner ads. The more traffic your site generates, the more advertisers are willing to pay for exposure on your site. Even if you start off with low rates, as your online business grows, you can increase your rates accordingly.
An extra $500 per month for an ad on your high traffic website is nothing to sneeze at - multiply it by 2, 3, or 4 and you will be generating a nice little sum of extra passive income.
- Cost Per Click Advertising - Another form of advertising that is passive in nature and works quite well, is cost per click. The most well known and popular form of this type of advertising income is the Google Adsense program.
If you note the ads at the top of this page, you'll see there are some that say "Ads by Google." These ads are generated based on the content of this page and your own location and special interests.
When you or some other visitor clicks on one of those ads, Google shares with us some of the advertising fee that they charge the owner of the advertisement.
The value of these clicks can vary from a few cents each to a few dollars, depending on the website theme and a multitude of other variables. It may seem hardly worthwhile, but it does add up to a nice additional revenue stream as a passive income opportunity.
Apart from Google's Adsense program, there are other similar type of advertising options like Infolinks, Kontera, Adbrite, etc. None of them can hold a candle to Adsense, so that would always be my first choice and first recommendation.
- Digital Products & Ebooks - Over the last decade, information products have become extremely popular. As an author of a couple of "regular print" books, I had to put up a tidy sum to get my books printed. That was before I even knew if they would sell!
With digital books, the cost is barely even noteworthy. People quite happily purchase and download "ebooks" every day by the thousands. What does this mean for you?
If you can write and offer an informative book providing compelling information, answers, solutions to a problem or issue that those in your niche are seeking, you do the work once, and are paid again and again.
This is probably one of the most profitable passive income opportunities available and one not everyone is taking advantage of fully. The key, of course, is to provide value. If you don't, your customers will ask for a refund, and rightly so.
These are just some of the most popular passive income opportunities that are available online for small business owners or those who are just interested in getting started.The foundation for developing passive income successfully is a content rich theme based website targeting a specific niche topic. SBI
can provide the prefect way for the small business owner to enhance their earnings without drifting away from the core business. From Passive Income Opportunities to Small Business Going Global Home