Passive income Idea No.5 Sell Websites On Flippa

Sell Websites On Flippa

What is Flippa.com?

Is an online marketplace for Buy & Sell Sites, Stores, Apps & Online Businesses. It’s easy with Flippa. Flippa is the global marketplace for digital real estate. It’s where online business owners meet to trade assets, from blogs to SaaS assets, apps and eCommerce stores, and much more.

Suitable For - 

People who like to develop websites Like a Professional Web designer or people how to know about web design stuff. 

Skills Required - 

In-depth knowledge of WordPress, Blogpost platform and website creation. 

• HTML & CSS. 
• JQuery. Flash 
• PHP/TWIG/ASP.NET ETC. ...
• Adobe Illustrator. ...
• Adobe Photoshop. ...
• Mockup / Wireframing Tools.

What Required For Creating A Website - 

Depends on the expertise of the developer in website creation.

1. Domain name
2. Web Hosting
3. Business email address
4. Logo design
5. Favicon (Favourites Icon)
6. Images
7. Text content
8. web designer
9. SSL (Security Socket Layer)
10. Google Analytics
11. XML Sitemap
12. Website security and firewall
13. Website maintenance

Tips -

1. Choose a topic you are passionate about. You need to be passionate about the subject your website focuses on. If you launch a website about something that you don’t care about, you will lose interest very quickly and inevitably stop working on it.

2. Think about your long-term business model. To make your website successful you should do a lot of research beforehand.

Try to find the answers to the following questions:

Who are your direct competitors?

How do your competitors make money?

How will your website make money?

How can you make your website stand out from others?

How long will it take to monetize your website?

3. Choose a domain name that is relevant to your topic and appeals to your target audience.

A good domain name is an essential part of branding your blog. Choose a . COM as your domain extension because it looks more professional.

4. Choose a reliable paid host like Hostgator, Bluehost, or anyone that might suit your needs.

5. You need to make your website's design and layout look very professional. Believe it or not but first-time visitors will make a judgment about your blog within the first 10 seconds of loading, so you need to make sure that your website’s design appeals to them and they like it. 

How To Monetize -

1. Sign up and register your website on Flippa.com. Flippa works on a bidding model, the highest bidder gets the ownership of the website.

2. Set the bid price of your website 10 times greater than the current monthly income of your site. For example, if your site is earning $500 per month then you can set the basic selling bid price of your site to at least $5000.

3. Start the auction and wait for bids. People will start bidding for purchasing your site. Once you receive the bid that satisfies your target selling price, then finalize the deal with the bidder.

4. Flippa will manage all the payment and other technical stuff for you and you'll receive your commissions via your selected payment method.

Passive income Idea No.4 Create A Membership Site

Create A Membership Site

What is a Membership Site?

A membership site is a private website, with exclusive content available only to the signed-up members.

It usually provides members with the ability to interact with each other. They pay a monthly fee for being a member of the website. 

Suitable For - 

People who like to interact with, guide, and lead a community. 

Skills Required -

1. In-depth knowledge of any particular domain. 

2. Ability to research new things and constantly generate new and helpful content.

Time Required For Creating A Membership Site -

Depends on the domain expertise of the creator.

Tips -

1. In the beginning, keep the fee for joining the membership site ridiculously low. Aim to create a minimum viable product instead of creating a perfect product. You can always improve your site in later stages.

2. If you’ve never been a part of any membership site till now, consider joining a few related to your domain. Study those sites.

3. Find what’s working well for you and other members of that site? What’s makes it worth the monthly fee and how could you replicate this?

4. Interact and engage with members. Your membership site shouldn’t be the one that the only drip feeds the content, with little or no input from the owner.

You must provide insider access for your members who want to communicate with you. Even if you’re busy, you must spend at least half an hour a day to get involved with your membership site.

You can do this in many ways, such as you can interact with the members to answer their questions, or even lead an interaction inside the forum.

5. Run group events and challenges to increase members’ engagement with your site. Organize regular events, challenges, or similar.

Make it easy for members to participate. Offer prizes, display leaderboards or similar such things creates a great incentive for members to participate and get involved.

6. Periodically review what’s working and what isn’t. Try to adapt the site based on the member's needs.

For example, if you offer most of your content in text format but your members are engaging more with the video content then shift from text-based to video content.

7. Try to introduce new initiatives and see how your audience is responding to it. Such as live Q&A calls or similar.

But be careful, don’t overwhelm members with several different initiatives at once. Introduce one thing at a time. 

How to Monetize - 

Monetization is very simple. More members sign up to your website more income you generate from the monthly fees that members pay.

More Help - 

Check out Matthew Woodward's tutorial on how to create a 6 figure membership site.

Passive income Idea No.4 Publish A Kindle eBook

Publish A Kindle eBook

Publishing a Kindle eBook is another simple way of generating consistent passive income.

Did you know that Amazon.com is the biggest competitor to Google than any other search engine like Yahoo or Bing?

More shoppers try to search for a product on Amazon than on any traditional search engine.

When people want in-depth information on a specific topic, they don’t search for blog posts on Google but instead, try to find a highly recommended book on Amazon.

Your aim should be to leverage the power of Amazon.com’s growing outreach and popularity to generate a stable passive income source.

Suitable For - 

People who have in-depth knowledge of a certain topic or love to do research and explain it in an easily understood form.

Skills Required - 

1. Ability to provide detailed insights on a particular topic. 

2. Ability to provide some extraordinary tips for solving people’s problems.

Time Required For Creating An eBook -

The time required completely depends on the creator of the eBook. What topics he/she wants to cover? How many details does the creator want to include?

These are the important factors that define the time required.

Tips -

1. Research, research, and research. It is the key to a successful Kindle eBook product. Research about what people are looking for in the domain related to your eBook's topic.

For example, if you are creating an eBook on ‘Yoga to lose weight look for how many people are looking for yoga exercises to lose weight on the internet and Amazon? What are their expectations from a book? 

You can easily conduct this research by studying the comments, reviews, and popularity of the existing competitor's books on Amazon.

2. Write for one reader. When you know your ideal reader, you know how much he/she already knows. You can avoid boring him/her with obvious information, and you can provide exactly the information he/she’s looking for. 

3. Check out how many people are asking questions on the topic you have chosen, using websites such as Quora, Yahoo Answers, and WikiAnswers. More questions mean more people are looking for answers and that’s a good sign.  

4. Look out for the market gaps in your selected domain. And see whether there’s demand for some topic, see whether your eBook can cater that demand. 

5. Visit Amazon.com and see how many books are present in your selected domain. Are people buying those books? This will help you to understand the demand and purchasing ability of the market in your domain.

6. Find a few friendly readers who match your ideal reader profile and give them your first draft. Not only will they help make your book better, but it will also boost your confidence.  

How To Monetize -

Sign up to Kindle Direct Publishing Program, with this you award exclusive distribution rights for your Kindle eBook to Amazon.

This will allow you to sell your eBook in all the countries where Amazon.com is available giving it a massive exposure at launch.

Create a small niche site on the related topic and promote your eBook through it. The more eBooks you sell the more money you make.

Passive income Idea No.3 Create Niche Websites

 Create Niche Websites

What is a Niche Website?

A Niche Website is a small website focused on one particular topic which shares all the information relevant to the topic that is both useful and interesting for the target audience.

A niche website can be of few pages or even of hundreds of pages depending upon the size of the niche.

Suitable For - 

1. People who have an interest in a very specific topic within a large domain. 

For example, in large a domain like Yoga, you can choose a specific sub-domain such as ‘Yoga to lose weight.’ 

2. People who love to talk, write, explain and have the ability to persuade.  

Skills Required - 

1. Ability to create Niche website based on specific sub-domain using WordPress, Blogger, or other available software and tools. 

2. Ability to promote the website using social media, ads, etc. 

Time Required For Starting A Niche Website -

You can start a Niche Website within a day. But creating good content for the website might take time.

Tips -

1. Write out as many niche site ideas as you can, using the sub-domain that interests you the most.

2. Narrow down your niche idea based on finding the answers to the following questions:

What is the audience size of your niche?

Is your audience known for spending money on purchasing niche-related products?

Are there multiple products available which you review on your site?

Are there affiliate programs that provide more than 50% commissions?

What is your investment budget?

3. Create at least 10 articles of rich content with 1000 words that will provide value to your niche targeted audience.

4. Sign up for at least 2 affiliate programs that offer products related to your niche with more than 50% commissions.

5. Do keyword research and find at least 15-20 niche relevant search terms and try to rank your site for them.

6. Try to network with the owners of the authority blogs in your niche and find guest blogging opportunities.

How To Monetize - 

Promote the products relevant to the topic of your niche website by placing affiliate links in the content and sidebar of your site.

Try to get more visitors to your site by doing SEO, forum marketing, social media, and paid ads. More people visit your niche site and buy products through your affiliate link, more money you make.

How about creating 10 more Niche Websites with every site generating $500 a month in affiliate commission that would be $5000 of passive income per month.

Passive income Idea No.2 Start Affiliate Marketing

 Do Affiliate Marketing

What is Affiliate Marketing?

Affiliate marketing is a type of performance-based marketing in which a business rewards a certain percentage of commission for each product bought by the customers who are brought by the affiliate's own marketing efforts.

Suitable For - 

People who love to talk, write, explain and have the ability to persuade.  

Skills Required - 

Ability to promote a product online using social media, videos, ads, etc. 

Time Required For Starting Affiliate Marketing - 

Virtually within an hour. You just need to select an online product that pays a commission when you promote and sell it using your affiliate link. 

Tips - 

1. Select an online product from the domain with which you are well conversant. For example, if you are a dietician then select a product related to diet. There are lots of products available in every domain you just need to focus on which domain is suitable for you.

2. Places to find products: Clickbank.com, Shareasale.com, Jvzoo.com. These websites have thousands of products listed from multiple domains. 

3. Choose a product that pays you at least 50% commission on each sale. 

4. Most product websites handle affiliate link generation and payouts so you don’t need to worry about how you’ll get your commissions. Just get your custom affiliate link created by the vendor and start promoting it. 

5. If you want to earn instant money from affiliate marketing try to promote your affiliate link on social sites such as Facebook, Twitter, Digg, StumbleUpon, and Reddit. 

How To Monetize -  

Monetization is simple, just make more people buy the product through your affiliate link. Create a Facebook page or Banner ads about the product. Tell people how the product will help them to solve their problems. 

Improve people’s knowledge about the domain and help them to solve other related problems.

Passive income Idea No.1 Start A YouTube Channel

Passive income Idea No.1

1. Start A YouTube Channel

Starting a Youtube channel is the simplest way of all and needs no investment.YouTube gets almost 5 billion video views per day which proves its power on the internet. Felix Kjellberg, the owner of PewDiePie (a YouTube account), has earned 12 million dollars in 2017 from running a single YouTube channel.

You too can see such success if you capitalize on the opportunity that YouTube provides us currently.

Suitable For -

People who love to create videos, like to talk about a video, shoot documentaries or short films.

Skills Required -

Ability to create a video using software tools or record a video using your mobile phone or camcorder. 

Time Required For Starting A YouTube Channel - 

Virtually you can start within minutes. You will just have to visit YouTube.com, create a channel, and upload videos. 

Tips -  

1. Create a YouTube channel around a specific theme such as Humor, Tutorial, Recipe, etc. Don’t just go out create any random unrelated video channel.

For example, 

1. If you love gadgets, you can create a gadget reviews channel where you review the latest gadgets and help people to decide whether it's the right choice for them. 

2. Select a theme in which you are really interested. Analyze other videos related to your topic, see how many views those videos get. It will help you to get an overview of how many people are interested in your theme.  

3. Generally, the more the views more beneficial the theme is. As more people are searching for it. 

4. Check out if there’s any concept missing in the currently existing videos related to your theme. You can cover these concepts in your videos to fetch more views.

5. Give your best to engage with your audience. Study the comments you get on your videos, learn the hidden expectations that your audience has from you.

6. Try to find out what they like about your videos and what they don't. The study which videos get the highest retention rate and find the reasons behind them.

7. Spy on your competitors and try to model the things that are working for them. But never try to copy them, always maintain your uniqueness.

8. Always try to improvise each new video from the last one. So when you look at your first videos after few years, you should think aww how bad I was earlier. That's a good sign; it shows that you've improved. 

9. Experiment, experiment, and experiment. Never fear to try something new and see how it works. Experiments are the only way where you can find new and exciting stuff which can catapult you way ahead of your competitors.

10. Finally, try to collaborate with other YouTuber's who are doing similar work. Learn their strategies and mindset. Working together can do wonders for your channel.

11. Have fun. Do the things that you love and enjoy your life.  

How To Monetize - 

The general rule for monetization in YouTube is straightforward. More views your videos get, the more money you’ll earn. You’ll have to enable the monetize option in your YouTube channel settings. It's very simple.

HOW TO MAKE $250 IN NEXT 24 HOURS WATCHING VIDEOS !!!

 Literally downing nothing 

There are five companies that literally pay you $100 for just watching videos. And I know its sounds crazy but it’s true

1.   www.analysia.com 

2.   www.testingtime.com

3.   www.userfeel.com

4.   www.usertesting.com

5.   www.trymyui.com

You might be thinking to yourself, why are these companies paying me $100 just watching videos? Well, they need it for what’s called “User Feedback Review”. Where companies want to know how to improve their websites, improve their Apps, and signing up and logging their websites and recording your screen just by watching videos you are giving them something that valuable to them and obviously worth more than the money that they are willing to pay you.

Check Out below some about these companies. 👇👇👇