Some think that making money online takes money to start. I'm here to tell you that is NOT TRUE! Making money online doesn't have to be difficult, and is actually pretty simple. I'm going to show you my top 5 ways on how to make money online for free.
The best part is, you don't even need to have any prior experience for any of these strategies to work.
5 Ways To Make Money Online For Free
1) Build A Blog
Now don't go running, I'm sure you've heard this one before. Allow me to explain it simply.
The fact that you're reading this article proves this concept. This is a blog post, and you're reading it because it provides you with valuable content and ideas. If you approach this correctly, it can be an easy money maker.
All you have to do is 1) find a good platform to help build your blog 2) think of a topic you are passionate about (such as a hobby you love to do) 3) Do a bit of keyword research to get ranked on search engines 4) Just write what you know and teach it to other people!
Naturally, over time you will grow an audience and people will begin coming back to you as “the expert” of that niche or topic. When you get even a few visits per day, you can set up your blog to display ads, and get paid for every ad that gets clicked! Easy-peezy!
This doesn't happen overnight though, some have grown their blog to bring in over $2,000 per month in just a few short months, others it takes a while to grow. But consistency is the key. For detailed guidance on blogging, read this.
2) Sell Product On Amazon
Amazon is the worlds largest online retailer, and growing! Ever wonder why there are various sellers for a single product on Amazon? It's because there are people like you and me, that have access to product at wholesale prices. They then list that product on an already popular selling item on Amazon, and sell it for more then they bought it for, then keep the difference.
There are multiple ways you can begin to sell on Amazon, such as drop shipping, retail arbitrage, buying and selling used books or new books from convenient stores, etc. Here I explain this all in detail.
3) Write An Ebook
For a truly automated form of passive income, this one is my favorite. The cool thing is, you don't have to be an English major to write a book! Similar to creating a blog, all you have to do is write about something you love, and something you are very knowledgeable about
If you've got knowledge or expertise on something, trust me there is an audience that wants to learn it! You can put in a little time up front, then watch the money roll in perpetuity! Here is a step by step process to writing a book quickly and easily.
4) Invest in Peer to Peer Lending
Peer to peer lending is exactly what it sounds like. It's people lending money to other people. Through great companies like this, you can open a free account, and begin investing with as little as $25. That $25 then goes toward funding part of a loan that a consumer requested.
For example, John Smith wants a $20,000 loan to re-do his kitchen. He doesn't want to go to a bank due to all the hassle and requirements, so he finds a peer to peer lending company. The lending company checks his credit and income, then gives him a score based on his financial strength.
His request is then posted to all the investors, who can choose to contribute as little as $25 to that balance to fund the loan. Basically that $20,000 loan given to John Smith is made up of thousands of smaller loans from a bunch of investors like you and me, and each of us get to keep the interest rate of return! Set it and forget it, then watch true passive money roll in! I personally use these guys for peer to peer lending.
5) Affiliate Marketing
Affiliate marketing is simply referring a customer to a product at a store, who then buys that product and you get a small commission for the referral. This is done mainly online. You can look upyour favorite companies that you use, and then request to become an affiliate partner with them to earn commissions on people you send their way.
When you are an affiliate with a company, they give you a link to their website that you then publish on social media, or on your blog, or even to a list of email subscribers telling them why they are a great product, and you get paid commission on the people who purchase!
This one is probably my favorite, cause the extra money can really grow over time. I personally use these guys who give you everything you need to get started in affiliate marketing for free!
Now Is The Time!
Don't wait any longer, you will be happy you got started building passive income in the future! Some ideas take time, others take off very quickly. The only way to start is to just get going today!
What other ideas have you found to be good ways to make passive income? Post your comments below!