For those of you guys that don't know what a passive income is, it is it's pretty much making money while you sleep there are or not presently at the source of where your income will be. There are millions ways to create passive income online. The tricky thing about passive income is that it takes a big initial investment to make money from it. It could take you a year before you can earn a cent of passive income. That is a bit of an exaggeration, but creating passive income is not for the faint of heart. It really depends on how hard you work. I'm going to show you two ways to build passive income. Enjoy.
Google Adsense on Youtube Videos
You can make money from YouTube when you sleep because you could make a video and people all around the world could watch your video while you get paid for the views. The average CPM for ads on your youtube videos will probably be in the realm of $2.5 -$3 per 1000 views. The only initial investment of creating passive income with YouTube is putting out the video and optimizing it so it can get the most views possible. Lets say you put out a video and it gets big, four years later it gets a million views. That is $2500 to $3,000 made in about 2 hours of work. You see where I’m going with this? Passive income is powerful!
Affiliate Marketing through Blogging
Initial investment for this is purchasing a domain name, getting web hosting, creating the site, creating content, and marketing your content. You should aim to get your blog having over 100 visitors per day if you want to start making money with it. If you go hard in your traffic building attempts, then you can get your site to 1,000 visitors per month in a few months. If you are not too sure about affiliate marketing or how it works click here to find out how you can make money with affiliate marketing.
I hope this post shed some light on how to build passive income and what passive income actually is. Be sure to sign up to my newsletter to get all my content and but the Blogging BluePrint ebook if you are just getting started in blogging and want a step by step guide to start building a profitable blog!