The Top 10 Passive Income Ideas For 2020
The definitive guide for beginners to learn:
Did you know that over 90% of people that try to earn extra cash online make less than $100 per month? And, in these uncertain times, it's not their fault.
Making money online:
Like any other small business or regular job, you have to work hard. Smarter. Have clear goals. Make investments. Stay steady, focused and remain persistent. Always moving forward.
If you're looking for realistic and legit ways to make money from home and make your dream come true,
Well, Look no further!
You are on the right page. We've put together the ultimate guide for anyone who wants to add an extra income stream to your portfolio.
Want to discover how to make extra money from home in 2020?
If you're like most people I know, the chances are that you'd love to get a pay raise and boost your income level, and so...
You've been busy researching and trying your level best to learn about different ways to make money from home that fit into your schedule and conforms to your way of life, beliefs, and norms.
The only one thing that has been keeping you off...
Is the challenger of finding the best income stream that is legit.
Now, if you're like me, you've probably Googled countless times for the phrase "how to make money online," and I guess that most likely, each time you end up being overwhelmed and disappointed.
The last time I Googled for the phrase "legitimate ways to make money online,"
I was astounded by the sheer amount of the different ways to make money from home. One of the Google search queries listed 500 different ways to start making money on the internet.
And that there, my friend, is the problem.
How in the world are you supposed to sift through such a huge list and then somehow choose the best legitimate way to earn money online!
By intuitions? Guesswork? You tell me. Well, we get it.
Let us narrow down the list to 10 legit ways to make money online.
Look, I have to make one thing very clear, making money online is not a hobby. It's not a career or a 9-5 job that you're guaranteed to get paid!
It's not for anyone who is not willing to take calculated risks and go all in. Making money online is not easy nor is it cheap!
There is no way I'm going to stand here and insult your reasoning and intelligence by claiming that this is easy.
Maybe once you know how-to, but in the beginning, it's not easy.
Making money online is not impossible. It just needs you to be focused. To be patient. To be willing to learn. To be passionate and to never give up and quit.
These smart passive income ideas have been tested and they deliver results. Not easy. Not free! But, they work, if you put in the effort.
It doesn't matter, if you're a student, a busy father or stay at home mum, you can learn about great ways to earn passive income from home if only you're willing to do whatever it takes to succeed!
If you have a computer that is connected to the internet and you've acquired basic computer skills, the odds are, you already have what it takes to earn some extra money online.
Yes, you can succeed online even if:
To get started, keep scrolling to learn more about top 10 smart passive income ideas.
If you're looking for a good and great way to make money by starting a legitimate home-based business opportunity, then you may want to consider blogging.
Blogging offers a unique work from home business opportunity that has been time tested to work by other successful bloggers.
Blogging comes with a lot of benefits. You not only set your hours to work on your blog, but you also get to have more time to enjoy life and attend special occasions with your family and friends.
Until recently, most individuals who said that they blogged for money or expressed an interest in learning how to make money blogging were, in most cases, treated with scorn and ridicule.
For sure, some people still believe that blogging isn't a career. Some folks think that there is no way a person can earn a living by simply blogging online. That blogging is a total waste of time.
If you happen to be one of those individuals who believe that blogging isn't a career, it's a waste of time.
My dear friend, the truth is there are folks out there who are making money blogging every single day. There are different ways you can blog and start earning money per month, on the internet.
I know that blogging works.
I also know that it's not as simple as most people make it sound.
That's why I devoted time to publish a page that teaches you how to make money blogging by avoiding the top 10 common blogging mistakes that new bloggers commit.
If you start a blog that then becomes successful in a profitable niche, you’ll have the potential to earn unlimited extra income streams.
Yes, you’ll have to put some hard work into your blog, but the sky is the limit. Starting a blogging business presents you with the opportunity to start earning
money in multiple ways.
Do you, at times, wish that you had more time to spend with your family or more time to enjoy life? Well, the good news is that blogging is a great way to make tremendous money and be flexible with your time.
You’ll have a lot more flexibility with your time when you run a successful blog. You set your hours; hence you won’t miss special moments with your family.
Do you want to to get started with affiliate marketing?
There are many reasons why affiliate marketing is such a great business model.
If you’re ready to put in an effort and focus on building an audience and keeping your website relevant, you’ll enjoy a rather lucrative income by promoting the best affiliate programs.
Affiliate marketing is essentially a glorified form of word-of-mouth advertising. Companies are willing to pay a commission on sales made through referrals.
An affiliate marketer publishes product reviews on his or her website or blog and places ads or links to direct readers to affiliate programs and sites from where they can purchase the product.
By joining the best affiliate marketing programs, the affiliate marketer earns a commission for every sale made by directing readers to the merchant’s website.
In this sense, affiliate marketing gives you a lot of flexibility.
You can focus on a small audience, or you can go big and be international. It all depends on your strategy and the amount of money you’re willing to make as an affiliate marketer.
With a little effort, consistency, proper training, and access to the right tools, anyone can be successful with affiliate marketing.
You have to focus on growing your audience and becoming an expert within the respective niche.
When you create a quality website and build a loyal audience, you increase the chance of generating extra income through referrals.
How much money can you make with affiliate marketing? This is one of the most important and common questions that beginners ask.
The answer is simple:
If you choose the right products, know how to keep your audience engaged, and learn how to boost your conversion rate, the monetization potential of affiliate marketing is unlimited.
Investing in stocks used to be complicated and accessible only by the wealthy!
Buying and selling stocks and shares was once considered to be the foundation of Wall Street.
For years, the bar had been set too high for most ordinary folks to trade in stocks.
Today, thanks to the power of the internet, investing in stocks is not as complicated as it used to be and is increasingly becoming exceptionally easy and affordable.
In today’s world of technological advancement and innovation, individuals all around the world can execute the buy and sell orders of stocks with ease due to brokerages that offer online services.
Just remember to make due diligence before you start investing in stocks.
You can begin by teaching yourself how to make money from home by investing in stocks and shares. Anyone willing, able, and with a little time and money to spare has...
Trading stocks can be tricky! You can quickly lose your money.
You need to have good knowledge about how the stock market operates.
You must be able to analyze and interpret stocks using different tools of stock trading. That way, you'll be able to make an informed decision regarding the type of shares to buy and sell and, at the right time.
Not only do you have to work smart, but you also need to have up-to-date stock market information about accurate daily reports of stocks you'll be trading. It's the only way to make a good return on your investment.
There is a lot that goes on in the stock exchange market.
You can learn how to start investing in stocks and become a successful stock trader. It's all about learning, acquiring skills, and experience! You can't go at it blindly!
Top 3 reasons why you should learn how to start investing in stocks
The internet offers a vast array of information about stocks, companies, and vital tools needed for trading stocks online.
One of the top reasons to trade online is the fundamental factor of being able to research quickly.
It is now easier than ever before to find the information you need to make a highly informed decision about the stocks you’re interested in buying and selling.
It is easy to find affordable online brokerage services.
You must pay special attention to your risk tolerance level.
Depending on that risk, you have the potential to build a vast amount of wealth in short time trading stocks online!
While "Mom and Pop" storefronts might be a thing of the past...
On the internet, things are a little bit different! There are hundreds of thousands of small online sites and blogs that sell products of all sorts.
These online businesses have captured new audiences that would have been unreachable from a traditional storefront point of view.
If you're looking for a different way to make money online,one of the best ways is to learn how to start an online store and start to sell physical or digital goods online.
If you're already selling a specific product offline, then your next logical step is to start an eCommerce store. Remember, you don't have to create a product to sell online. You can set up a lucrative online business selling other people's products.
Customers all over the world are looking for specific products online. Setting up a simple store on a website or blog gives vendors access to a broad global audience.
The vast majority of customers search online for information regarding a given product before making a purchase. This is why it's important to start an e-commerce site.
If you own a local store and you still don't have an eCommerce website, chances are, you are losing sales you could be making online. Consequently, you're limiting your reach and the potential to grow your brand.
Did you know that establishing an Online presence is one of the most important aspects of managing your brand?
Selling physical goods online enables you to create a brand that is seen as modern and trendy.
By establishing your reputation online, you’ll find it a lot easier to interact with and engage your audience and turn them into loyal customers.
Starting an eCommerce store is a separate operation from running a regular brick and mortar store.
You need someone to process the orders, someone to do the marketing, and someone to update the website frequently. In doing so, you’ll be creating new jobs for people.
Ever since "the search engine" was invented, people are always searching for information.
Some people search for information about a product.
Other folks search for a service that they are interested in buying. And on the other hand, some people are actively searching for a particular online course.
People searching for online tutorials and courses want to acquire a specific set of skills and knowledge. People want new knowledge. They want to solve a particular problem.
While most people are willing to pay for and attend a local college, some people are more willing to pay for quality online tutorials or a worthwhile online course.
Online courses are typically short and highly detailed, with clear instructions that center around one specific skill that comes with interactive activities designed for self-study.
Tutorials usually involve an audio narration presenting a set of steps explaining ideas along with a visual demonstration of the process.
If you’re skilled in a particular field, for instance, you’re a designer or a digital marketer, why not learn how to create an online course and get paid to share your skills and knowledge with others?
You’re in complete control of your work schedule.
When you start teaching online courses, the traditional nine to five weekly schedule stops applying to you.
As long as you put the work in and get the job done, it doesn’t matter when and how you’re working because there are no rules when it comes to running your online business.
No boss can fire you!
The amount of money you make will depend entirely on the niche itself, audience level, and the expert level of the course.
Because you’re working on something that you enjoy doing, you’ll be 100 percent passionate and committed. You’ll enjoy the process, and the likelihood of giving up is very low.
You get better job security, teaching online courses you create.
If you have a passion for writing and a desire to experience the freedom and flexibility of being the boss, a freelance writing business is the perfect online opportunity waiting for you!
Numerous benefits abound for those that elect to work in this field.
If you have a passion for words, enjoy linguistics, and want to work as a self-employed writer, why not learn how to start a freelance writing business and become a freelance content writer who gets paid to write content on the internet!
If you have a knack for writing, you will be pleased to know that this highly diverse and increasingly popular career path offers a unique way to make money online.
Not every website owner or blogger has the skill to create high-quality and engaging content.
That opens up hundreds of freelance writing jobs for experienced writers.
It also offers a fantastic pool of work for aspiring writers on every level.
There are now many online writing job opportunities for freelance writers to create content for different sorts of websites, local newspapers, magazines, and similar publications.
Start your freelance business today and start tapping in on this great source of income.
As a freelance writer, you work only on projects you elect to work on, and you are passionate about writing.
You are no longer bound by the daily 9 to 5 grind. Long gone will be the days where you work a pre-arranged schedule and time for a person or a company that you care less for.
We all work and aspire to be our own boss.
And to be accountable to none other!
By merely engaging in an activity that you enjoy, you will finally be in that spot where you only have yourself to answer to because you’re the boss.
Few investments have created as much wealth as real estate.
Most people would agree that real estate investment is an excellent financial decision.
However, when you start to invest, you quickly find out that it requires you to have a good credit score and putting down a sizeable amount of cash upfront to get started.
When you start scaling, you begin to realize that there are local, state, and federal laws that you have to abide by and follow.
At the time of this publication, to the best of my knowledge, real estate wholesaling is one of the income sources that do not require any license or official education qualification. That may change in the future.
Real estate wholesaling has increasingly gained popularity over the recent past. More so, it can easily earn a pretty quick profit without the necessity for notable cash to invest. Read more about the concept of real estate wholesaling at fools.com
Many people who venture into real estate wholesaling believe that looking for buyers for their contracts is the hardest part. However, this isn't the case.
It's essential to realize that success in finding potential buyers is directly related to your ability to locate excellent deals.
The better the deals you find, the easier it is to find other investors to buy your contract.
If you want to start real estate wholesaling, please first things first, get yourself a mentor.
Always remember to make sure you research the rules and regulations associated with the market area you're interested in before starting and closing a deal. That way, you'll make sure that everything is well set and that no extra complexities might result.
Top 3 reasons for to start investing in real estate
Many people tend to put their money in real estate as part of their retirement plan.
One way to earn passive income is by investing in properties that are managed by property management companies and are ready to rent.
If you invest in a turnkey rental property, then everything is already done for you.
All you need to do is to buy the property and allow professionals to manage that property and collect monthly rentals and send money to you.
With good tenants, there is always a steady flow of revenue stream for a long time and a low risk of vacancy.'
Who would not want to save cash on taxes?
There are certainly some tax benefits to investing in real estate.
You can get tax deductions on cash flow on investment properties, property taxes, mortgage interest, depreciation, insurance, operating expenses and costs, and other benefits that are available to real estate investors.
Real estate investors can take advantage of the various tax benefits available to them at the end of the financial year.
Internet growth has opened new jobs that never existed before.
Many clients are looking for people with skills and creativity in fields that never existed in the traditional mortar and brick business world before the internet came along.
So how do you get started as a freelancer for hire?
A successful freelancer is all about choosing the niche you're comfortable with and have the know-how. If you have any skills and knowledge in a given field, for example graphic design, chances are you'll find people willing to hire you as a freelancer.
The potential income of working online as a freelancer can meet or exceed that of a traditional 9-5 job. You can make money online as a freelancer in the area of your expertise.
A freelancer is someone who provides a professional service outside the realm of traditional employment. Traditional freelancers have been around for a long time.
The internet has created a booming new generation of freelancers who typically take side gigs and work from home or a private office rather than from a regular workplace.
Freelancing online is one of the fastest and easy way to make money online.
Online freelancing requires minimal overhead, you work on your terms, and if you start your freelance career on the side, there is minimal risk involved either.
There are now numerous avenues for finding clients. Many excellent freelance websites and blogs provide a simple way to link freelancers to clients.
Freelance work allows you to turn your hobby, passion, or something that you’ve always dreamed about into your professional occupation.
Looking for clients online will allow you to work with many individuals and businesses from all parts of the world to execute their intriguing projects.
You can be a writer, a tutor, a freelance photographer, an animator, offer graphic design, be a counselor, a voice-over artist, or a virtual assistant, you-get-it. The options to find freelance work from home are limitless.
There are norms and procedures that workers have to adhere to in a traditional employment opportunity.
The rigid ways of doing business leave no room for creativity and often make very little use of individual talent development.
A Freelancer has a much more lenient and amble room to focus on their talent, hone their skills, and share their passion with others without the limitations of a traditional job.
In the beginning, there was blogging.
And then not so long ago, there was Myspace.
Soon after that, Facebook was the new kid in the block! And before I could convince my great-great-grandmother to join my Facebook page, (just playing) other platforms started popping up!
Now we are talking about YouTube, Twitter, Instagram, Linkedin, Pinterest, Snapchat, and did I forget to say TikTok is popular right now! As these social media platforms come and go...
Social Media platforms that keep growing at an exponential rate have become useful marketing tools that brands and small businesses are actively using to increase sales, engagement, and brand recognition.
Influencer marketing is an approach to digital marketing that uses word-of-mouth marketing.
Influencer marketing, aka influence marketing, is a newer form of marketing that involves finding, engaging, collaborating, and supporting specific individuals who can create an "influence" over your customers and target audiences about your company's products and services.
It may not be a new concept in social media marketing, but Influencer marketing is a thrill that is driving the digital marketing world at the moment.
Being a social media influencer means associating yourself with a brand to make it relevant, authentic, and respected through your fame.
It implies that you have the power to persuade and create compelling and personal connections with your audience and followers.
As a trusted influence marketer, you can advocates for a particular brand as an endorser to drive brand recognition, desire, and sales.
To be an Influencer, all you need is to create for yourself a social media profile in your favorite social media platform. You'll then need to create a large, hyper-engaged following that will make brands to recognize you, and eventually start to get paid doing something you love.
Influencers can be famous bloggers, business experts, prominent scholars, YouTubers, among others. They are passionate about what they do on their channels, which makes them have a large number of followers.
The world ’s population has virtually shifted to social media. It is a platform where consumers rely on fellow consumers to inform and drive their purchasing decisions.
While in the past people would depend on TV, Radio and newspaper advertisements, this no longer the case.
People do not have time; neither do they trust official ads. Instead, influencer marketing comes in as the quickest and effective means to engage consumers.
As an Influencer, you can create more extensive publicity and promotion with celebrity-like approval and endorsement.
Think of the massive amounts of money that usually goes into starting a TV or Radio station, newspaper, and other types of channels that command a vast reach.
This is no longer the case with influencer marketing.
It remains one of the most cost-friendly means by which you can establish a channel that can be out there for the long haul and has the potential of reaching millions of buyers at very minimal start-up costs.
Digital marketing has become a well-recognized and well sought after skill.
Large and small companies alike are willing to pay a reasonable amount of money for a little help to get their websites or blogs ranking well in the search engine results or any other digital marketing channel that can drive traffic and leads.
This is because almost every company these days depends on the internet to do business.
No wonder the demand for digital marketing experts has skyrocketed.
Most digital marketing agencies may find it tough to secure a contract with a big nationwide company. Still, on the other hand, by Starting a local digital marketing company...
You can make a tidy sum of money by providing, for example, affordable SEO services for small businesses in your capacity as a search engine optimization consultant.
Local businesses want to acquire new customers, engage existing customers, and boost conversion. They lack time and know-how. Competition is fierce, and they need your help.
For a beginner who lacks experience and wants to learn a legit way on how to make money online, starting a digital marketing company serving local clients is by far the best way to start earning money per month, as you learn and hone your skills.
It's one of the safe routes to take before you start looking for big national clients.
Like any other business, you'll need to learn, master, and become an expert in Search Engine Optimization techniques, social media engagements, and pay per click optimization.
Most business owners want to boost their revenues and increase online presence using localized Search Engine Optimization techniques.
Still, they don’t know how-to, and therefore they seek help from local digital marketing experts.
Digital marketing agencies that focus on localized Search Engine Optimization strategies that can target a specific group of people within the area can help a business entity to connect with local people who need their products and services.
Agencies that deliver results are on high demand.
When you become an expert in ranking virtual properties, running highly optimized PPC campaigns, and you’re able to use social media to reach people based on their specific needs...
That my friend opens up opportunities to start making money online as it has never existed in the history of this world.
Anything you rank has the potential of being monetized in one way or another. Any leads you generate through PPC can make you money. Any social media targeting you engage can eventually earn you money.
As I conclude here is my 2 cents thought-provoking statement.
Digital marketing is the-open secret for anyone serious and looking for a legitimate way to make money online in our generation.
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