The ABCs Of Earning A Passive Income Online

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Hey, welcome to this page, and I am sure you want to make money online, not just a little, but a lot of money.

If you have been spinning the wheels, you’ve probably come across paid surveys or joining contests to help companies name their brand or products…

Or, doing some activities like visiting a web or liking a page to earn some money.

Now, we are not talking about those because you can’t make a full-time passive income from that.

We are talking about a real legitimate business that you can start from scratch. So, if earning a full-time passive income is what you are looking for, then this article is for you.

How You Can Realistically Start Earning Passive Income Online. Click to Find Out!

Can You Make Money Online Fast and Guaranteed?

Now, a lot of people have been asking this question, how fast can I make money, can I make money today, can I make a lot of money in the next couple of weeks.

The thing is, I am pretty sure you know making money online is not a magical thing; Money doesn’t just magically appear. You gotta understand the concept of how money flows before you can attract lots of money.

When I first started this journey to find passive income online, I’ve tried multiple network marketing companies, stock trading, forex trading, selling insurance, and so many other things.

Still, nothing ever worked until I fully understand the money flow concept, and once I understand that…

I took mini-steps every single day to build on one business that eventually got me to quit my full-time job and still earn a full-time income from home.

So, here’s the answer for you if you are looking for quick cash…

Can you make money online fast? The answer is yes, but the question again is, how much? It is not going to be a lot.

And, is there a guaranteed way to earn a lot of money? Absolutely not! Your mentality, your action is the only way to guarantee yourself to success. No one can ever guarantee you anything, unless they are scammers. Make sense?

The Concept of Money Flow and How to Make Money without a Product or a Huge Start-Up Capital…

The concept of money flow is actually quite simple.

There is a finite number of bills floating around the world.  It depends on how many bills the central bank prints. And, those who have more bills are those who have the means to attract money through lots of transactions.

The Starbucks Coffee Example…

Like when you go to the local Starbucks and buy a cup of coffee, you give money to Starbucks in exchange for a cup of coffee.

That coffee from Starbucks is expensive, but you are willing to pay for it because you perceive that the cup of coffee is valued at that price. And, you won’t spend nearly as much if the coffee is from a soup kitchen.

So, the concept of making money online is exactly the same; you are going to be able to offer someone something of value in exchange for their money. And the more the perceived value your offer is, the more money you’ll make.

Your Product May Not Appeal To Everyone…

Expanding from the idea of coffee, not everyone likes coffee, some people prefer tea over coffee.

Some people prefer to spend on cheaper alternatives than buying from Starbucks.

Some people don’t like Starbucks because it is too mainstream.

So, any business owner will understand that their product will not appeal to everyone. They will need to present their products to the right group of consumers.

Now at this point, you might be thinking, you are not a business owner, you don’t have a product to sell, how does this matter to you, right?

Making Money Without a Product…

I’d like you to think about the concept of how property agents earn money.

Most property agents do not own properties that are up for sale.

They don’t own a company that owns a lot of properties, simply speaking, they don’t have a product, to begin with.

Then, how do they make money? Simple! They match the owners who intend to sell their properties to the right group of people who want to buy the property.

It boils down to the ability of the property agent to match the expectation of both parties, and whenever the expectations are met, a transaction happens, and he or she earns a cut from that property transaction. And that’s how money is made without owning anything.

Another example is the insurance agents, they do not provide insurance policies to others; they simply join an insurance company and promote the right insurance policy to the right people.

The True Concept of Making Money Online…

You don’t need to have a store, products, employees, or a lot of money to begin with.

You just need you!

And, all you need to do is to identify the right products, and sell them to the right group of audiences.

So, what are the steps you need to take to present the right products to the right audience…

How do you even know this group of people wants this type of product?

The answer lies with how well you know those people. Like, if you are someone who has gone through the process of buying and installing a security camera in your home, you basically know what interests you and what to look out for when buying a security camera.

With that understanding, you can trace back to the path you took previously to find people who have similar interests as you and you can promote the right security camera to them.

And, the best thing is, whatever products you can think of that you’ll like to sell or promote, there are opportunities for you to earn money from.

If you want to sell a security camera but you don’t own one, you can go to Amazon and sign up as an affiliate.

Just like how insurance agents sign up to insurance companies so that they can start selling insurance policies; you sign up with Amazon so that they will provide you with a unique affiliate ID where you can begin selling basically anything on Amazon.

This concept is basically called Affiliate Marketing, in other words, the word of mouth through internet.

The Concept of Affiliate Marketing…

So how it works is that when you recommend a product in Amazon to people, you share your unique affiliate link with them…

When someone clicks on your link, which sends them to that specific product in Amazon, and they make a purchase, that transaction is tagged to you.\

Amazon will know that the transaction happened because of you. So, they will compensate you accordingly.

The good thing about selling things online is that you can scale, and remember, we are looking for passive income, which means we do not need to be present when that transaction happens.

So, how are we going to go about this? How are you going to source and find the right target audience to buy products from you? Here are several strategies you can use.

Several Strategies to Get People to Look At Your Offer

In affiliate marketing terms, people often relate to “eyeballs on your offer” to “traffic”, and here are several popular traffic strategies for you to start with…

Strategy #1: Blogging

You can start a blog and blog about things that are relevant to people who you are targeting.

Like, if you want to sell security cameras, you are going to write blogs about what to look out for when buying a security camera…

Or, blog about stuff around helping people to find the right security camera.

Another example is if you are a piano teacher, and you want to sell your course or other people’s piano course.

You can start a blog that talks about the stuff relating to learning piano or buying a piano, the key here is to write blogs that attract people who are interested in the things you sell or promote.

If you want to learn how to effectively start a successful blog that makes passive income, you can start here.

Strategy #2: Start A YouTube Channel

You can start a YouTube channel and create videos that talk about stuff relating to a specific niche.

It is similar to blogging.

For example, if you start a YouTube channel around the security camera niche, you want to appear as an expert in security cameras. You basically create video content that relates to security cameras.

The only difference is that instead of written content, you are creating videos, and the functions are basically the same.

You are still attracting people with the same interest. And, the good thing about starting a blog or a YouTube channel is that your content, once published, it stays there for a long time and it can attract lots of views if it provides good value to people.

Thus, making blogging and YouTube-ing long-term passive income strategies.

Strategy #3: Answer Questions on Quora

Go on Quora to answer questions.

Quora is a question and answer forum, so if someone asks a question, they are basically asking a question to everyone in the Quora community.

And, if you can provide a good answer to the question, and you give a good solution where you place your affiliate link, that’s how you are going to earn money.

The first answer to a question will stay at the top, and how valuable your answer is will make it stick to the top for a long time.

So, if you choose this strategy then I recommend that you pay attention to the new questions that are posted on Quora.

Usually, Quora will send you email notifications when new questions are posted.

However, this strategy will work well if you combine it with either a blog or a YouTube Channel, as it give you more credibility.

Strategy #4: Facebook Advertising

Facebook Advertising is known for its ability to find a highly targeted audience for businesses.

It is one of the most effective strategies to promote products to the right group of people.

But, I wouldn’t recommend people to use this strategy if they don’t know anything about advertising or copywriting, because these are the essential skills to be really successful with this strategy.

If you are on a tight budget, then this may not be the right strategy for you too because the courses that teach this strategy are usually costly, and you’ll still need to set aside a budget for advertising. 

People who don’t have the required skills will probably burn a huge hole in their pocket.

But, if you’ve mastered this skill, Facebook Advertising can make you a lot of money.

Summing It Up

These are the 4 main strategies which I recommend, and there are probably hundreds of other strategies, like Google Ads, Bing Ads, Pinterest, Instagram, Twitter, Snapchat, Solo ads, and many others.

Honestly, whatever strategy you choose, it really doesn’t matter, because they all work.

Whatever strategy you choose, there are people who are succeeding with it.

And, the secret to their success is FOCUS.

There isn’t anyone I know who master everything and become successful; however, there are many successful people who master and thrive with one or two strategies. This is what I want to get across to you.

So, I hope that this article is helpful to you, and if you want my recommendation on how to get started from point A to point Z, do check this out.

Anyway, if you’ve found value in this article, please help to share it, and consider subscribing our YouTube Channel.

All the best to you and wishing you a successful journey ahead!

Your friend,

Jack

Jack Cao

Hi there! I'm Jack from Singapore, and I started my journey to find passive income when I was 24 years old. Back then, I worked as a Share Registration Officer while pursuing a degree in Economics and Finance. I was earning peanuts and I quickly realised what I was pursuing was not what I wanted to do with my life. So, I set out to find ways to make money online. The road was tough, there were many setbacks, but I'm glad I found success. While pursuing for success, I use this website as well as a YouTube channel to share what I learn along the way and hopefully make some friends here. Let's join hands and make passive income together! More about me and my success story here.

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