The 5 Best Finance Ways to Earn Passive Money Income Online
When you’re looking for ways to make money online, it can be tempting to jump straight into the world of affiliate marketing or freelance writing. But if you want to earn passive income—that is, money earned while not actively working—you should also consider some alternatives that don’t require much work on your part (but still require a little effort). Here are five ideas:
1. Write an e-book and publish it on Amazon.
Writing an e-book is a great way to earn some passive income. If you find the right topic, it can be profitable and enjoyable at the same time. Let’s say that you’ve written a book about how to make money from home using Facebook or Twitter ads. You want to publish this book on Amazon and make some money from it.
- Write an E-book: The first step is writing an ebook that consists of high quality content with unique information that readers are looking for online, so it will help them solve their problems and increase their knowledge base about their expertise – finance related topics in this case.
2. Sell items from around your house.
- Sell items from around your house.
When you buy something new, the money goes to the store and then to the company that made it, not back into your pocket. This means that any time you buy a new item, no matter how cheap it is, you’re essentially losing money.
If you have something sitting around in storage collecting dust (like an old laptop), sell it! The same goes for clothing and shoes—don’t hold on to things if they don’t fit or look good anymore (or worse yet—if they never did). Don’t spend money on storage space either; instead sell everything online through sites like eBay or Craigslist at low prices until there’s no more stuff left in your apartment before moving out altogether!
3. Invest in ETFs and Mutual Funds.
Exchange-traded funds (ETFs) are a type of investment, similar to mutual funds. They’re an easy way to invest in the stock market and get exposure to different types of assets like stocks, bonds, commodities and more. While ETFs can be a good option for most investors—especially beginners—they do have some drawbacks as well as benefits.
ETFs trade like stocks on a stock exchange; this means that they can be bought or sold at any time during the day at whatever price is listed on the exchange. Mutual funds, on the other hand, can only be traded once per day after markets close (usually 4 pm ET). This difference makes ETFs much more tax efficient than mutual funds because you won’t have taxes owed if you sell before market close since they’re listed with prices based upon their last sale price.
4. Create a niche website and monetize it through affiliate marketing and advertising
Affiliate marketing and advertising are two of the biggest ways to make money online, and they’re both passive income methods.
To use affiliate marketing:
- Find a product that you want to promote on your website
- Sign up as an affiliate with the company who sells that product
- Create content about that product and post it on your site, linking back to the company’s sales page
For example, if you were interested in selling fitness products like protein powders or weight lifting equipment, you could sign up as an affiliate with Bodybuilding.com or Amazon so that when people click through from either one of these sites to buy something else on Amazon or its own site (which happens often because people often shop at both places), they’ll pay you a commission on each sale instead of paying Amazon directly for those items.
5. Write for revenue-share sites like Medium and Hubpages
- Write for revenue-share sites like Medium and Hubpages
These are sites that pay you a percentage of the ad revenue they make from your content, usually between 25% and 50%. They want to attract readers, so they may also promote your articles on their own social media accounts to drive traffic to them—and ultimately more ads for you as well. These also offer different levels of payment based on how much time/effort you put into each article:
- The first is $1 per 10 words (usually $0.25-$0.50), which is often called “crowdfunding” and requires little or no research or editing time since they only pay by the word count
- The second type pays by number of views instead of just word count, but it can be anywhere between $1-$5 per 1000 views or even more if it gets really popular (like an article that reaches over 1 million views). This kind of pay scale makes sense because everyone shares information differently depending on topic popularity/relevance with their audience, who will move onto another topic after reading about one particular thing for a while before returning later again when something else catches their attention like what happens when scrolling through Facebook feeds (where advertisements often come up).
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But you don’t have to be a programmer or a web designer to make money from the web. There are plenty of other ways to earn passive income online, including:
- Writing and editing articles for high-traffic sites like Buzzfeed, Huffington Post, and Forbes.
- Creating an eCommerce store on Amazon. If your product sells well, Amazon keeps 20% of all sales as commission (and you still receive 80%). This means that if your products sell for $100 each, you’ll make $80 per sale while Amazon racks up $20 in commissions on each sale! This can add up quickly over time.
There are many ways to earn passive income online. If you’re looking for a way to make money that doesn’t require much time or effort, these five methods might be just what you need.