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Still, much of the world is engaged in active-income work. They work so that they can earn. When they don’t work, they don’t earn. Yet, there’s almost zero chance that you’ll get rich or make any significant amount of money when you’re solely reliant on active income. Now, don’t get me wrong. It’s possible. People do it by slowly saving and investing over the course of 30 or 40 years, but we’re not talking about that here.
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VIDEO EDITOR March 12, 2015 at 12:16 pm While publishing an ebook on Kindle isn’t the easiest way to make money, it can be a worthwhile way to make some extra cash if you love writing. You can create listicle books like ‘100 Ways to Save for a House.’ Listicles are generally easier to write and can be effective at driving traffic. To market your ebook, you can take advantage of Amazon’s Kindle Countdown Deals promotions where you can give your ebook away for free to help boost its ranking on the platform. Once the promotion is over, you can likely get a few sales from its higher rank. You can also promote your ebook on several platforms like ebook review websites and relevant niche blogs. To boost sales even more, you can create an audiobook version of your ebook on Audible.
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About the Author Not only that, you will be able to evaluate business ideas much more intelligently once you've gone through this whole process. You will understand the fundamentals of keyword research & analysis, traffic & lead generation, social & affiliate marketing, monetization & conversion testing, and traffic analysis. These skills will help you immensely in ANY business you ever decide to start (online or not, passive or not).
Through my years of experience and research, I’ve consistently found the following ideas have the best potential to create a steady stream of recurring revenue. They’ll take a lot of effort. But if you’re willing to put in the work, they could change your life, like they have for me.
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Connect With Leads Simply put, you can’t just throw up a blog and expect to rank at the top of Google with some secret stealthy system that will help you to generate hundreds of thousands or millions of dollars. It doesn’t work that way. It takes an increasingly hefty amount of effort exerted consistently over time.
The idea of a “job for life” is now a thing of the past. That's why around 30 million Americans operate a home-based business, many of them pursuing an online business model of one type or another.
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A lot of research goes into this – you should be ready for a bit of workload. If you create a good niche site, it can bring you an extra $500 a month or more. WebsiteSetup is a free resource site for creating websites. WebsiteSetup was founded in 2013 by Robert Mening. The main goal of this website is to provide step-by-step instructions for setting up a website, blog or e-commerce site.
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With drop shipping, you’re effectively partnering with a manufacturer or wholesaler to sell their products. This way, you don’t pay upfront costs to buy inventory, aren’t sitting on unsold items taking up expensive warehouse space, and don’t have to deal with shipping the products yourself. You simply create your site, fill it with drop shippable products, and drive in customers, with almost everything else done for you.
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People earn affiliate income by partnering with a brand or company and earning a commission of every sale that they drive. There are thousands of affiliate programs online - apparel stores, Amazon, tech companies and more.
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In October, I nailed down a logo. Once you’re off the ground, it’s all about customer acquisition, market validation, more funding, and growth. One of the simplest side hustles to get started with is flipping used textbooks on Amazon. While there are a couple of different approaches to take, the one I like best is buying used books on Amazon and then trading them into Amazon (via the Amazon trade-in program) and pocketing the difference.
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8. Online reseller Suggested users TO MAKE MONEY AT HOME NOTE: Google keeps switching up the features of their keyword research tool(s), so I now recommend using either SECockpit or Long Tail Pro for your keyword research.
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Skype is the original messaging and video conferencing app. It’s especially useful if you clients, partners, or contractors are based internationally, because calling abroad is exceptionally cheap. Another alternative is Google Voice for making affordable non-domestic calls.
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Bottom line: High cost/Low profit If there’s a topic, question, or burning issue in your niche, you can write an eBook about it to sell, for example:
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