![]() Once you've got the list created, it will only grow more over time, and every new subscriber is a chance to generate extra income. Or, if you don't have time for that, perhaps a "subscribe for all the important updates" form will suffice, too. She wrote an eBook about the Pegan Diet (Paleo meets vegan) before everybody else caught wind of it. They usually end with something like, You’ve got to. An example would be writing a short ebook called 5 Ways to Write an Awesome Thriller and then having your software email it to everybody who signs up with their contact info. A good friend of mine is a freelance writer. I see a lot of articles out in the ether about why it’s critical to have various sources of passive income and how to go about doing so. What’s to like about M1 Finance is that you pay no management fee. To get started, a lead-gen piece is often the best way to grow them. One Expert Pie is a dividend stock portfolio focused on companies with higher-than-average cash payouts. Newsletters are a bit of work to set up, but once you've created them, they grow on their own. ![]() Once you have it, you can use various software programs to send out newsletters - at least try to do so monthly. Put simply, this is an ever-growing list of people who have given you their contact info, presumably through a website plugin. If you're a writer that's serious about growing your brand, you need a subscription list. Which one sounds the most achievable for you Writing a book might be a great place to start. Escape the Rat Race, Fire Your Boss and Live Life on YOUR Terms. Recommendations that didnt make the list. Once you have enough listeners, you can seek out sponsors or affiliate deals.įrom there, every new episode you post becomes a chance to create passive income for many years (especially if you stick to evergreen content). Those are only a few of the many ways to generate passive income. Best Books on Passive Income The Unemployed Millionaire book cover. Reading any of the 19 best passive income books on this list is a great place to start. In terms of income, the difference between a blog and a podcast is that it's easier to monetize a podcast using ads. Finding the best sources of passive income may allow you to do just that. If only 1% of your readers (or 50) take action, you'll make $5,000 from that single post! On top of that, anybody else who finds the post over time could also generate more passive income. For your next post, you write about the advantages of having an awesome blog and you include an affiliate link that encourages readers to sign up with Company X. ![]() Your blog is hosted by Company X, and you sign up for Company X's affiliate program, which pays $100 for every referral. If you have a blog with a great readership, this won't be too difficult to do. ![]() As you know, affiliate programs mean you partner with a company to push customers their way for a cut of the profits. If you join affiliate programs, you can use your content to make passive income. A combination of those two things will grow your readership over time, eventually enabling you to turn your blog into a money-making venture. ![]()
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