Passive income: Ways to make money from home
Tags: Freelance Writing, Passive Income, Money From Home, Affiliate Marketing

Passive income: Ways to make money from home

Do you already know there’s more to keep some money flowing than your 9–5 job? Passive income provides you that opportunity, the only condition is one needs to work smarter than harder.

Passive income is money earned with minimal activity that requires little daily efforts. It generate supplimentary source which make individual financially free with little investment. It makes balance to exceeds your expenses, even when you lose a job or face a financial trauma. However, lot of us experience it during lockdown.

Let’s discuss an example, A man who work harder to get paid with a fixed salaried 9–5 job. However, same man side-by-side received passive income by his eBook which he wrote two years ago. Simply, a typical salaried job has limited our ability to emphasize flexible lifestyle. Whereas, passive income strategagies the flow of money which remains continue throughout.

“If you don’t find a way to make money while you sleep, you will work until you die" — Warren Buffer

1. Start a blog

Blogs are quite possibly one of the best ways to earn a passive income, even while traveling the world. While starting a blog might be simple you will need to put in the work and the effort in order to reap the benefits. Plant the seeds now to enjoy the harvest later.

However, once that blog gets going, generating an income and scaling out your business is straightforward. Simply produce more content and line up more offers. As your blog grows in popularity, you'll also be able to attract top talent willing to write for you simply in exchange for one very powerful link back to their own websites.

Related: How to Start a Blog and Make Money Online.

2. Social media management

Social media management is a great way to generate an income from home. Considering the expansion of social media, businesses are clamoring to find their way in front of prospects. However, most businesses haven't got a clue about how they can increase their exposure. That’s where you come in.

Building a social media management business might take some effort and time, but it's well worth it. You could charge a sizable monthly fee for each business to help manage their social media, allowing you to earn a full-time income doing this gig.

Liz Benny, the founder of Jinga Social, not only built one of the largest and most well-known social media management businesses out there, but also created multiple seven-figure webinars teaching people, you guessed it, how to launch your own social media management company.

Related: Top 10 Social Media Management Tools You Should Try Now

3. Affiliate marketing

Affiliate marketing presents a very low friction entry into selling products online. While you do need some type of audience to sell these products or services to, you could make a significant amount of money from home while doing it. Some products or services have very high earnings per click. That means, if you play your cards right, you could easily make a large profit on conversions by driving traffic to specific offers as long as you target the right interests.

You can find affiliate marketing offers on sites like ClickBank, CJ.com and Rakuten LinkShare, amongst many others. Search for the right offer and ensure that you present it to the right audience and don't spam people about it. Do your marketing ethically.

Related: Top 10 Affiliate Marketing Tracking Software Platforms

4. Rent out your home

Another way you can make money at home is to actually rent out your home. Being able to earn a second income through rent is one of the many reasons why real estate is considered one of the best investment decisions. There are multiple factors which can prompt you to rent out your property. Some homeowners choose to buy a house as an investment and decide not to move into it immediately. Your work might also require you to shift your place of residence. Whatever your personal reasons for renting out your house might be, there are certain things landlords need to keep in mind when renting out a house for the first time.

5. Freelance writing

If you're a writer, freelance writing is a fantastic way to make money at home.

Once you've established yourself as a great writer, it's not uncommon to see freelance writers earning more than $100,000 per year - all by working from home.

The flexibility and sheer amount of opportunity that comes along with freelance writing makes it a fantastic side hustle for anyone who enjoys to write. It can be worked into any college student’s schedule and can be a great side income for everyone looking to accelerate student loan pay-off.

Related: The Ultimate Side Hustle: 14 Ways To Get Paid To Write.

6. Publish an eBook

With Amazon KDP, it’s never been easier to publish an ebook. All you need to do is write the ebook, format it, create an ebook cover, publish, and promote it. You can choose to hire a writer for your ebook, a graphic designer to design the cover, or a freelancer to format the ebook for you to help minimize the work you need to put into it. It’s best if you focus on keywords based on popular searches on Amazon. I often use the Keyword Tool, which allows you to find the words people use while searching so you can craft your title around it.

To make money online selling ebooks, you can market it in a number of ways. You can give away your ebook for free for a few days. This helps you rank high in search results for some time and get some reviews, which helps you rank better for paid listings. Plus, I like to create custom graphics on Pinterest that match the “Pinterest style” rather than just placing the ebook cover as a pin. This has helped me get some clicks to my ebook from Pinterest.

7. Sell your photography

Whether you’re a professional photographer or just love snapping great pictures, you can monetize your photography in several ways. You can make money fast by posting your photography services in local Facebook groups for your community.

If you’re looking for more exposure, you can use a site like Burst. However, if you’re looking to monetize your phone photography quickly, you can use Foap. Learn more product photography tips to help you start making money with photography.

8. Get cashback

Getting paid to shop seems like a strange idea, but that’s exactly what cashback is. Whether it’s through your credit card or via an app on your mobile phone, it’s possible to claw back a little of your spending each time you shop.

It’s not free money though. Cashback is offered as an enticement to make you spend, and possibly on things you might not have bought in the first place. Plus you might be able to find what you want cheaper without cashback if you shop around.

But if you’re planning on buying something anyway, and know the pros and cons of each method, it’s a fantastic way to boost your income.

Conclusion

Earning a passive income needs interest and specificity knowledge. Once you knew your interest, you wonder how your hobbies could be a way to make money work for you. Though it’s a supplimentary stream but can swap your 9–5 work, to being a full time entrepreneur. Where you can live life flexibly on your own rules with financial freedom as well.