In a similar vein to creating an informational product, you can write a Kindle eBook. Publishing on Amazon’s eBook platform is extremely simple, and you can start collecting money quickly.
This requires more than just good writing skills though. Choosing a good title and picking the right category is also important. Romance novels tend to be the genre most eBook writers focus on, and many writers make a very good income from writing short romance stories.
However, if you can write an interesting story that people want to read, then you can make money in any genre. Non-fiction works well too if you have knowledge about one particular area and find a gap in the market.
Sell Stock Photos
Selling stock photos is another fantastic way to earn a passive income. This works especially well if you already know about photography and have the proper equipment.
If you live in an area with great scenery, then that will make things even easier. You can also take pictures of your city and nature.
Once you have the pictures, you can put them on different websites and earn commission on the pictures. The best part about selling stock images is that you can receive commissions on photos that you uploaded years ago.
Upload Videos to YouTube
This is another great method to earn a passive income. The most common way to monetize a YouTube video is via the YouTube partner program. You receive a share of the advertising revenue from the ads that YouTube places on your videos.
Other methods exist for monetizing YouTube videos. In fact, these methods will usually earn you more money than the paltry amount that YouTube pays. One idea includes starting a YouTube channel that reviews products. You can then place affiliate advertising links in the description.
One other method could be publishing tutorial videos for a product and placing affiliate links in the description. This works particularly well for complicated products that have a poor presence on YouTube.
If you are familiar with search engine optimization, then you can make money by ranking a website and leasing it to businesses.
The websites that you can rank will usually involve local search terms. Some examples might include “BestLandscapingYourCity.com.” Once you rank the website on Google, you can easily lease it to landscaping companies in your city.
The great part about this is that it involves a large amount of work upfront in ranking the website, but it does not require much work to keep the site as the first Google result. Further, you can repeat this process in different cities and build a portfolio of rental websites.
Have a good eye for design? You can earn passive income by submitting your t-shirt design to different t-shirt companies. You earn a percentage of each sale you make.
The best part is that you do not have to deal with the shipping or printing process. Simply submit your design and watch as the money rolls into your bank account.
Launch a Blog