Category - passive income for beginners

Best Passive Income Strategies 2020

Best Passive Income Strategies 2020

I want to introduce you to ten passive income strategies I personally use to earn $1,000 per month or more. If you’re ready to set yourself up for life, you’ll want to pay attention.

1. Dividend paying stocks and other investments

The first passive income idea on this list does take some start-up cash, but it absolutely helps me earn more than $1,000 per month. Dividend-paying stocks, ETFs, and other investments like Fundrise and Lending Club are helping me earn money around the clock – and all with no work on my part. While the amounts I have invested in these accounts vary, they’re all paying me more than $1,000 per month.

2. Affiliate Marketing

Where investing is a wealth-building strategy that has been around forever, the second passive income option on this list is fairly new. Affiliate marketing is an income idea that requires you to have a website or platform you can use to promote other companies, or “affiliates.” When someone uses your affiliate link to purchase a product or sign up for a service, you get paid.

3. Display Ads

Display ads work like billboards you see on the side of the highway, only they’re featured on your website instead. The point is that advertisers are paying to promote their products — their ads just so happen to be on your website.

4. CPC Ads (Cost Per Click)

With CPC ads, also known as “cost per click” ads, on the other hand, you get paid when someone clicks on an ad no matter what they do after that. I don’t have to hope and pray they buy something or sign up for anything at all. Every single click puts money in my bank account.

5. Sell leads

While building the website wasn’t passive at all, we made a lot of changes to the website over time to make it much more passive. Eventually, I even decided selling the leads my website generated was a lot better deal than earning commissions when a purchase was made.

6. Create a Digital Product

While courses are digital products you can sell over and over, there are other types of digital products you can dive into. I’m talking about e-books, online instruction guides, and basically anything else you can market and sell online.

7. YouTube Ads

While YouTube ads aren’t nearly as “passive” as some income-producing strategies on this list, they still fit in with the rest of this post. I’m making YouTube videos anyway, so why not post ads that bring in additional revenue? The passive part comes in because I make the video once and earn income over and over as more and more people see it.

Anfänger werden dafür bezahlt, online zu schreiben

Anfänger werden dafür bezahlt, online zu schreiben

Translating…

Sorry for not posting recently, I was at my grandma’s house who doesn’t have computers. It wasn’t total vacation though; in preparation for today, I used my free time to write around 15 articles that I plan to post on infobarrel. I already got one approved 🙂 Later I decided not to use hubpages because most of the information I read online has favored infobarrel. I accidentally found a new site names BestReviewer where you get 100% of the income from your articles, have lower requirements and standards for articles, and seem like a great place for back links. The only downsides are that you have to pay to sign up and also the fact that i’m not sure how reliable this site is. I will make a video about it when I get the time to try it. *** I don’t own the music***