Hey there, this is Clark and a big welcome to BecomeWealthyWithMe.com. Today I’m going to write about how to create passive income with the Internet. That’s the dream, isn’t it? To be able to sleep in every day, decide how much money you make, be your own boss and live life on your own terms.
First of all, I urge you not to do online surveys. Swagbucks, which is one of the most highly recommended online survey websites, only pays £0.40 per survey and each survey takes about 10 minutes to complete. So you can do the math and see if you can possibly earn a full-time income with this. Avoid data entry also. That too takes up a lot of time and pay minimal wages. Investment/Speculation is dangerous if you don’t know what you’re doing.
What Do I Recommend Then?
Online marketing. What’s that you ask? Well, first up don’t be alarmed by the term marketing. The thing is you don’t even need to sell anything to make money with online marketing. Although you certainly can, and just for your information the affiliate marketing (promoting other people’s products) industry made $3.4 billion sales in 2016.
The online marketing process that successful online entrepreneurs follow can be broken down into just four major steps:
1) Decide on your niche (website theme/topic). You’ll be writing and publishing content (pages/posts) on your website around this main topic, and it can be anything that you enjoy or are interested in.
2) Build a website. And you can do this for free at Wealthy Affiliate (WA), an online marketing training website. With a free membership at WA, you can use their state-of-the-art website building and hosting platform to create and run up to two free websites, not to mention you get access to the first 10 lessons of their two official training courses.
Your website is your space or “store” on the Internet, and with one you’re going to be able to get lots of people to read your content and potentially a lot of money.
3) Get traffic (website visits). If you want to make lots of money with your website, you got to have a lot of people visiting it and reading your content daily. How do you do that? The step successful online business owners do to get many website visits (500 per day, 1000 per day, etc.) is writing/publishing relevant, informative and engaging posts on your website, which builds trust with the search engines (Google, Bing, Yahoo) and gets your posts on the first pages of search results (if they’re not it is VERY unlikely that someone would click on them).
Here I just want to let you know that you don’t need to be an amazing writer or anything like that. Just write the way you speak to your family members and friends. Also, every post that you create on your website should target a keyword, which you insert somewhere in the post’s title and first paragraph. Learn more about keywords here: How to be Successful with an Online Business
4) Make money, and two of the most popular and rewarding methods are affiliate marketing and placing advertisements on your website. Learn more about these two methods here.
An Estimate of Your Earnings, If You Work Hard
Regarding the term passive income, what most people do not understand is that those who are currently living on passive income and enjoying life put a lot of hard work in at the beginning before they became successful.
I’m not earning the below amounts, yet :). They are estimates, though realistic ones in my opinion:
1 month: $0 (Just created and set up your website, and published 5-10 posts to start things off)
3 months: $0-$500 per month (Your posts are starting to rank in the search engines, and traffic is beginning to grow; you’ve published 30-60 posts on your website, and made a few sales)
6 months: $500-$3,000 per month (You’re starting to get some trust/brand/authority from Google and other search engines; published 60-100 posts, and making consistent sales)
1 year: $3,000-$10,000 per month (You’re getting some serious authority from the search engines now; published 100-150 posts and making daily sales)
2 years: $10,000-$20,000 per month (You’ve published 200-300 posts, and business is doing very well)
5 years: $20,000-$50,000 per month (You’re an authority in your industry; you’re scaling your business through paid channels, and you have hired several people to work for you)
As you can see from the above, you can earn a full-time income within 3-6 months of building a new website on the Internet, if you put in a few hours each day (writing new content, working on your website’s layout). It is also possible to scale your business to earn tens of thousands of dollars monthly in 2-5 years’ time if you’re willing to put in more hard work.
Wrapping Things Up…
Online marketing can earn you a full-time (or more) passive income if you do it right. With a free membership at WA, you can follow the first 10 lessons of their two official training courses, which (the free lessons) guide you through the online marketing process above and get your business up and running. Read my Wealthy Affiliate review.
Alright, that’s all from me today and as always if you have ANY questions or comments at all please leave them below and I’ll be more than happy to help you out. Thanks!