The Best Way to Earn a Passive Income and How to Generate a Real Income Online

There are many ways to generate income online and a passive income is one of those ways. Being able to generate a passive income takes a special skill. Your audience can be fickle. If they feel you are more concerned about the money than them, you will fail. Your intent needs to be about helping others.

Initially you are going to need to put in a lot of time. It’s hard work to get a passive income flow going and to build that success. It doesn’t come overnight, although many would like you to believe this. Just because you have your product it doesn’t mean you can sit back and relax. There really isn’t a 100% passive income, because you always have to be managing what you are doing. You need to build automation, but to do that you first have to create trust with your followers or audience. That’s where initially you have a lot of time invested, which will decrease, but you will always be involved.

You will need to find a market that works for you. You will need to find a niche market that you can help based on your experience and passion. How well you serve your audience will dictate what your earnings are. Don’t just pick a niche because it’s currently ‘hot.’ You are going to need to continue to build, write articles, and market that product and new products that fit under that initial niche for years to come, so make sure it’s a niche you can handle, otherwise you will not enjoy success. Instead, try to fill a gap in the market in the niche that interests you.

You will need to build a platform so that you can start to share your product. This could be YouTube, it could be a blog or whatever other market interests you. You don’t have to reach everyone. That’s a waste of effort. Instead, focus on reaching the audience that would be interested in what you have to offer.

Determine which products are going to serve you best and then offer your audience value. In fact, offering them something of value for free helps to establish trust and interest so that they are far more likely to buy whatever else it is you have to offer. They now know you have expertise in your niche and something that’s worth listening to so they are ready to pay.

As your passive income builds and you become comfortable in your business, make sure that the profit never becomes your main motivation, because when it does you set yourself up for failure.

Every time we jump onto the internet you hear all the get rich schemes, calling to you. “Make a million your first year.” “Work an hour a day and earn $30,000 a month.” Trouble is people are still falling for these schemes. Yes, you can make a good solid living online and yes, you can be an e-preneur, but you must be willing to work hard and put in the time. There is no free ride to making money online. Let’s look at some legit ways to make a real income online.

#1 Sell on Ebay or Etsy

There are many people that make a full time income selling stuff on e-Bay or Etsy. Whether you want to sell your vintage clothing, cool new jewelry or anything else, one of these venues could be right for you.

#2 Teach Online

If you like to teach but would rather do it from your home, you could think about teaching for one of the online schools. There are a number of opportunities online. Take the time to explore the online schools and find a good fit for you. There are books and reports available to help you get setup to teach online.

#3 Videos and Webinars

The internet provides a terrific opportunity to teach viewers about all kinds of things from how to knit to how to train your dog, and everything in between. You can create a video or webinar to help those interested and you can charge for these. It’s a far more lucrative service than print material is and it's also still very untapped so the opportunity is there.

#4 Create/Sell Products Online

This ties in with #1. Look at your own creative talents and what you can do and then take advantage of them creating a product you can sell. You can sell crafts, jewelry and vintage items on Etsy. You can use other sites to handle printing needs or to sell your photos. There are plenty of options for selling depending on the product you have for sale.

#5 Provide Writing or Content Services

If you like to write and you feel you are good at it, you can offer those writing skills to others. You can find work as a technical writer, content writer, editor, proofreader, and the list goes on. Sign up at one of the many sites that provide a way for writers and clients to connect and start selling your services.

There are 5 ways for you to make a real income online. Pick one and start becoming an e-entrepreneur.