The Newbie Guide to Passive Income Online

Earning passive income online refers to any income you earn without trading time for money or actively trying to earn it.

That might be the earnings from a rental property which you receive on a monthly basis. You’ve made the deal once and can now earn recurring income (which is even sweeter than a one-time payment).

It could be the books you sell on Amazon while you sleep. You can then wake up, check your earnings report, and see you made a few bucks without having to be in front of the computer or do anything else to market the products.

It could be the affiliate earnings from your blog if you’ve written detailed reviews of your favorite products, managed to rank them high on Google, and now earn a commission every time someone makes a purchase through your links.

Making passive income online is one of those things that sound like a dream to newbies in business. But which are the foundation of the career of those entrepreneurs who’ve done a lot of work, in the beginning, to create smart systems, remove themselves from the day to day work process, and continue bringing in money passively.

While I gave real estate as an example and investing is yet another venture that can turn into passive income, I won’t be focusing on these in this guide to earning passive income online.

In fact, I recently created a FREE course covering what passive income is together with how to start earning it online and through your blog.

Enroll in The Passive Income Blog Boss now.

The Passive Income Blog Boss is your guide to earning passive income online and from your blog. That means you’ll learn why blogging is a must and how a powerful platform can turn into the foundation of your online business.

You’ll see how to actually start a blog like that, make it look professional and start building your online brand along with it.

After that, I’ll share with you the 4 main passive income streams you can have from your money-making blog.

Not all might be your thing, but one is enough to allow you to start making money online, turn that into passive income, and feel more financially stable than ever.

For the purpose of this guide on passive income online, though, I’ll stick to the basics. Let’s see what makes passive income so great and how it works exactly. I believe that will motivate you to also take the free course and earn your first dollars online.

Why Making Passive Income Online is Great

Here’s why passive income online is absolutely great and why it’s worth doing the hard work in order to start earning it:

There are no limits to how much you can earn;

You can always add another passive income stream;

You’ll literally make money while you sleep;

Time is more valuable than money, and passive income allows you to take your time back while earning more;

Earning from your blog through one of the 4 ways you’ll see in the free course allows you to sleep peacefully at night knowing you’ll get paid;

You can be anywhere and still receive and spend your blog income;

While you are the one taking all the responsibility, it also means you don’t have to answer to a boss;

This gives you the confidence to work on new projects and diversify your income;

Passive income is the most enjoyable way to retire young.

Sounds amazing, right? That’s exactly what it is.

However, while all that may seem easy, the initial phase isn’t.

To earn passive income online, you do the hard work now and reap the benefits for years to come (or for the rest of your life if you’ve implemented the right systems).

Let’s talk about the basic characteristics of passive income and the not so pretty side of earning it:

The Basics of Passive Income

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Passive income online is great for the reasons you just saw.

However, it’s also a challenge. Here’s why:

It doesn’t happen overnight.

There’s no shortcut to happiness in the digital world.

It took me more years than it was necessary to turn Let’s Reach Success into an authoritative site, to double my prices for sponsored posts, and to start making over $4,000/month online.

But your journey doesn’t have to be that long if you’re smart about it.

However, it can’t be too short either.

Here’s the important thing: making mistakes online and not earning a ton of money with your first online business idea (or the first few) is actually a good thing.

It teaches you how the market works, you see what your talents are and learn how to use them.

You understand the principles of blogging and making money online that no one talks about.

You also make connections with other site owners, do your research, and are better prepared for your next idea.

If you’re in a rush to earn passive income online in a few weeks, this guide might not be for you.

While it’s possible by paying for ads in order to bring traffic to your site, and being too salesy with your blog posts, that won’t work for long.

The point of The Passive Income Blog Boss and this guide is to give you monetization strategies that will help you be free from the 9 to 5 and own your time. That requires a system that works for years and is created through hard work.

Anyone can earn passive income.

Here’s the good news.

Whatever your background is, you can make money online without actually being behind the screen.

You don’t need to know the ‘how’ just yet, but you do need to start your own blog in a niche you’re passionate about and see where that takes you.

Check out my free guide How to Start a Profitable Blog

You can start with almost no money.

A few dollars monthly (that you’ll pay to a hosting company of your choice to have your blog up and running) is the first expense for your online business. But it can also be the only one.

Check out my list of business expenses, for instance, to see how much it costs to start a website.

I remember when I first created the self-hosted version of Let’s Reach Success with Bluehost – one of the most popular hosting providers who are also pretty affordable.

There’s nothing else I needed till recently when the site grew and