7 Sources Of Online Passive Income

• Author: admin
• Filed under: Making Money, Referral Programs
• Date: Oct 26,2008

With Internet users growing and wireless devices supporting broadband internet it is time to start making your share of the online revenue pie. Let’s start with the basics - 7 Sources of Online Passive Income

Passive Income is where you make money from sources with which you have minimal input into. You set up assets (websites with ads) and sit back and watch the money come in.

Why do we want passive income?

• After setting up the asset you gradually do less work and get paid more
• Increase your income by choosing to create another asset
• Time does not limit your capacity to earn income
• You can earn money whilst sitting on the beach in Bali
• With multiple assets setup it is your choice to have a break
• When your expenses are met by your passive income you are retired!

Online Passive Income Sources

1. Referrals - when you refer one of your online readers to be a customer of an online business you get a referral fee.
2. Affiliate Programs - sell a parent companies’ product by joining their program. With each sale the parent company gives you a cut of the commission. They may be pyramid structured meaning if you recruit an affiliate they belong to the tier below you meaning each sale your recruit makes you get a cut.
3. Reseller - resell other people’s services such as internet domain names. You pay a wholesale rate for their product and sell their service at a marked up price.
4. Advertising Commissions - You have created content on your site that brings in the eyeballs each day. 100 users. Put a big banner at the top of the page charge a fee for whoever advertises in that spot. AdSense place multiple ads in your designated banner spot, place ads in your newsletters, eBooks, and mass emails all the while charging an advertising fee. The more readers the more money.
5. Create an eBook - become a specialist on the new thing and write a ‘how to’ guide for dummies to distribute from your site for a fee. Have others sell your book and give them a commission to help massively increase distribution.
6. Create Software - charge a $5 fee for your cool new Wordpress widget or $10 for that futuristic blue Xoomla theme.
7. Site Membership - give non-members a glimpse of the fruits inside and allow them access with a small monthly fee.

Above are seven ways to make money online. Build up your readers, setup the passive income source and watch the money roll in with online banking on a beach in Phuket.

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