Before we dive into the most popular legit passive online income sources, I need to go over few things first. Never expect easy money from the internet. Nowadays the internet seems to be flooded with tons of teachers trying to teach you how to make lots of money by using some sort of software program.
Well, get rich quick is always a scam. To earn money online needs lots of hard work and dedication, it’s a business and you must have to treat it like one.
Some of you might already know about passive income online, however, if you don’t know what is passive income you can read next section to get the better understanding
What is Passive Income?
Passive income is a process of generating revenue where the business owner build an asset which provides cash flow for lifetime, without needing to get involved actively on that passive income stream, for example, writing an ebook and selling it online using some automated software,
So once you write an ebook, you can sell it for the lifetime, an ebook is a pure asset and you only work once for creating that asset. Another example of passive income is MLM( Multilevel Network Marketing). In short passive income is an income where you continue to make income with no or very little effort to maintain the cash flow.
There are thousands of ways to earn passive income but not all of them are legit and will be suitable for everyone, So here I decided to put forward the most popular legit passive online income sources which are suitable for everyone.
Most Popular Legit Passive Online Income Sources
Blogging is a most popular legit passive online income source
During last few years blogging has become tremendously popular, and in every hour approximately thousands of blogging site are published around the world. The competition has grown quite a high nowadays comparing to a few years back. It is because of the potential that a blog has.
Blog is a medium to connect with the potential customer, blogs can generate huge amount fresh organic traffic i.e. more sales more revenue. and the list goes on and on.
Nowadays with the advancement of technology, it is possible for everyone to create their own blog in a matter of few minutes. Yes everyone can create their own blog without needing to know any technical knowledge and little to no upfront investment of money.
It may look easy but in reality, it’s not, to create a successful blog which can generate passive income online needs lots of hard work and upfront investment of time. And most importantly a proper strategy to work on.
Once you build your blog and start generating some traffic, you can monetize your blog through several monetization methods i.e. Adsense, Affiliate marketing, sponsored posts etc.
The most important thing in blogging is to build audience base i.e. the decent amount of traffic. If you can build a niche targetted authority blogs the chances are higher to convert your blog into the passive income stream.
Create Youtube channel and Make Youtube Videos On a Regular Basis
You Know what I am going to tell you here, everybody knows about it. The chances are higher that you also aware of Youtube. Youtube is worlds most popular online video platform, where people can share and watch online videos for free.
The most interesting thing about Youtube is that it provides a platform for everyone to earn some real passive income. You can easily create a Youtube channel and publish videos regularly on it,
again once you get a decent amount of subscriber and traffic, you can monetize your videos with Adsense ads. It may require little time and effort to get the huge amount of views every day, as you continued to keep on working on your channel, you’ll surely see some really good results.
Writing an Ebook and Selling It on Amazon Kindle Direct Publishing Platform
If you are a good writer and have some expertise in any field, you can write an ebook and publish it on amazon kindle, it doesn’t require lots of investment to publish an ebook, the digital media and technology made it possible to earn a steady flow of cash by writing and publishing ebooks.
You just have to invest little time and effort to create your ebook and editing it and little marketing and advertising, once your ebook gets some attention you’ll see the notification of depositing cash on your bank account even when you’re sleeping.