Here are a few ideas to work smarter… not harder.
1 Learn the money-making potential of affiliate programs.
This is one popular and very effective way to earn passive income, which is derived from setting up a website that pre-sells company products. In this setup, the company provides the products along with the programming code that tracks down sales, of which you will be given a commission for every successful sale. Find companies that are known to offer bigger commissions as well as track down clients who are highly likely to make multiple purchases over extended period of time, which will generate recurring commissions.
2 Create information products such as eBooks.
The web provides a great way to create and sell an eBook that explains “How To” information, such as How to Start Your Online Business, or any other topic designed to provide information on how to make life easier for people. There is a huge demand of information, which is something you can capitalize on. The great thing with eBook is it’s easier to create, which you can complete at a short amount time. Once done, you simply have to come up with a website, secure a web hosting service and set up your own online marketing in place. This will make it possible for your eBooks available for purchase 24 hours a day, for several years to come, with the possibility of earning income while you sleep.
3 Earn passive residual income through advertising commissions.
If you own a website or you are planning to own one, work on attracting visitors or generating web traffic by providing relevant, original and fresh content to attract people to visit your sites. By allowing banner placements or links on your site at a certain fee, you can look forward to collecting passive residual income every month