Money

A Practical, No-Nonsense Guide to Earning Passive Income Online

A Practical, No-Nonsense Guide to Earning Passive Income Online

It sounds so enticing, right?

Tinker around on the side, creating a few websites, and before you know it, you’re earning hundreds or even thousands of dollars per month, giving you the freedom to quit your job, travel the world, and live like a millionaire without anything tying you down.

It’s the dream lifestyle, and everywhere you turn online, someone is offering to sell you a course, showing you how to do it.

You have to wonder, though… is all this Internet stuff real, or is it just a scam?

And if it is real, why isn’t everyone doing it?

Today, I thought I would take a moment to answer those questions for you. Normally, we only talk about earning money online from a blogging perspective, but I thought it might be helpful to step back and address the topic of “passive income” in general.

The sad fact is, there’s a lot nobody tells you. I wouldn’t exactly call it a cover-up because I don’t think most “gurus” are deliberately hiding the truth about how it works, but I do think they have a vested interest in not giving you the whole story.

So, that’s what I’d like to give you. First, a few important details:
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The Insider’s Guide to Running a Six-Figure Membership Site from Home

The Insider’s Guide to Running a Six-Figure Membership Site from Home

Note from Marsha Stopa: There was a ripple in the blogging world last week when we learned that John Yeoman had passed. John ran several acclaimed fiction writing programs at his membership site Writers’ Village and was a fixture since we launched this blog. We counted on him popping into our inboxes with a wry observation, slightly cynical question or a witty comment on posts. John was a charter member of Serious Bloggers Only, fond of long, analytical and challenging debates in the forum. His clever posts were winners in every SBO blogging competition. Ever the delightful gentleman, he was widely respected for his experience, insight and willingness to help.

John sent this post to me on June 10, shortly after he became aware of his medical issues, to consider publishing within SBO. We can’t be sure, but it may be one of the last pieces he wrote. So publishing it where everyone can benefit is more fitting with the kind and generous soul that he was. He is deeply missed.


Membership sites are potentially the most profitable way to make money blogging.

Your product is digital, so you have no inventory or shipping costs. You can operate wherever you have computer access, even from your home (as I do). If you create your own product and do most of the techie stuff yourself, your overheads are negligible.

So your pre-tax profits might be as high as 80% of turnover.

What other kind of business can claim that?

Above all, you have to make a subscription sale only once. Subscribers on an automated payment profile will then pay you regularly, maybe across several years — provided your program is good.

Your cash flow can be excellent. And you can usually predict your income stream a year or more ahead.
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How to Make Money Blogging in 2018 [Detailed Guide for Beginners]

How to Make Money Blogging in 2018 [Detailed Guide for Beginners]

 

How to Make Money Blogging (the Short Version)
  1. Set up your blog
  2. Write content that gets lots of traffic
  3. Convert visitors into email subscribers
  4. Send those subscribers content that builds trust
  5. Sell products or services your audience wants

The problem?

It’s hard to do. The process is simple on the surface, but each step is enormously complicated and requires extraordinary skill. Below, we’ll explore these steps a bit further.

Ever wish you could get a top blogger to take you by the hand and show you exactly how to make money blogging, starting from scratch?

Well, that’s exactly what this post will do for you. It’s the most comprehensive guide for beginners on the web, and it’s not just theory. I’ve built three different sites to over $1 million per year, including this one.

Here’s a screenshot of just one month of revenue for Smart Blogger:

We made over $178,000 in January 2016

Granted, it was a good month. We don’t always make that much money money blogging.

But we almost always cross $100,000.

How?
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The Ethical Way to Earn Money Online (Even If You Have Nothing to Sell)

The Ethical Way to Earn Money Online (Even If You Have Nothing to Sell)

Don’t worry. You can admit it.

You secretly wish your blog was more than just a hobby.

But it’s costing you more than it earns. And that’s the hallmark of a hobby, not a serious endeavor.

Even if you have no desire to transform your blog into a business, you’d like it to at least pay its way, right?

Because blogging costs are many — web hosting, email lists, domain renewals, social media tools. They all cost money — and every month your blog comes up short.

Of course, you already know one popular option for monetizing your blog — you could create a product. But you just don’t feel ready yet. And besides, creating and promoting a product takes time.

What you need right now is a way to earn a little money from your blog without a ton of work.

Fortunately, a way exists that’s highly effective, requires little ramp-up time, and is used by some of the most respected names on the web.

Many bloggers have heard of it, but for a silly reason completely ignore it…
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13 Reasons Why Blog Ads Suck for Monetizing Your Site (And What to Do Instead)

13 Reasons Why Blog Ads Suck for Monetizing Your Site (And What to Do Instead)

This is the dream, right?

You get out of bed, stretch, and make some coffee.

You settle in on the couch and start your work day – in your pajamas.

(You’re a professional blogger, so nobody gets to tell you what to wear).

You open your laptop, check your email, and see dozens of notifications: “You’ve Been Issued a Payment.”

Overnight, you’ve made hundreds, maybe thousands of dollars.

Money literally appears in your bank account while you sleep.

And what’s the secret to this coffee-swigging, pajama-wearing lifestyle?

Advertising, of course! Those little ads waiting patiently in your sidebar to earn you money while you whip up your next mochaccino.

Well, prepare yourself for a shock…
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