Interested in having a passive income? I get you!!!!!! And you are on the right part to having financial freedom in life. This blog has the information you need to start creating your passive income
Robert Kiyosaki, the author of Rich Dad Poor Dad once quotes “To obtain financial freedom, one must be either a business owner, an investor or both, generating passive income, particularly on a monthly basis.”
However, searching for passive income stream opportunities could be hard if you don’t know where to look
Many people believe that working hard is the solution to having more money, but no one can keep working hard forever, and the time always comes for everyone when there will be no energy to keep working hard.
Then what? After all, you can only work so many hours in the day.
The only solution is to create passive income to give you the freedom, and the flexibility you need to live the lifestyle of your dreams.
As the billionaire investor Warren Buffett said, “If you don’t find a way to make money while you sleep, you will work until you die.”
If you are here it means that you are interested in creating online passive income streams, and here are 2 beginner passive income opportunities to explore!!!!!
So, start e-commerce, or become an affiliate marketer, to start creating your passive income streams!!!!!!
Passive Income Idea 1.
E-commerce is arguably one of the best passive income stream ideas. Why? According to Statistica, online retail sales of physical goods are projected to reach close to $600 billion in 2024. In other words, it’s a good time to start selling products online. Plus, dropshipping is the fulfillment model of nearly 33 percent of online stores.
Okay, what is e-commerce exactly?
E-commerce business model in which you sell physical products online, but the products are stored, packaged, and shipped to the customer by a selling platform. This means you don’t need to handle any inventory or shipping tasks.
You need to create your online store and sort out the products you want to be selling.
Once you are done with setting up your e-commerce online store, you need to automate your marketing efforts to grow and maintain your sales.
You don't have to reinvent the wheel. You can order existing products in bulk at a fraction of the cost and then set up a sales system.
Once everything is automated, you can now sit back, and let the internet run your online business for you then you will have the flexibility you need to enjoy your life!!!!!!
Opportunities like Amazon FBA will do the heavy lifting for you. They will process the payments from customers and deal with the packaging, distribution, and customer service.
In the meantime, you'll get busy selling the products and setting up marketing and ad campaigns to make those sales happen. Amazing, right?
Passive Online Income Streams 2.
Become an Affiliate Marketer. Affiliate marketing is the top online passive income stream idea.
Affiliate marketing is an online business model where you sell other businesses' products, or services and get a commission – without having to do any fulfillment or delivery.
If you're an affiliate, the amount of products or services you can sell is unlimited. And the beauty of it is that you can sell those products many times over, 24/7, 365 days a year. So even when you're at on vacation or sleeping, you are busy growing your income as you grow your sales.
In the U.S. alone, affiliate marketing spending is projected to reach $8.2 billion by 2022 – that’s a lot of money up for grabs what is
As an affiliate marketer, you receive a commission for every sale that happens by your website visitors, or email subscribers through marketing efforts.
Almost every industry and niche run affiliate marketing programs. This beginner passive income streams idea relies on your ability to automate digital marketing activities. Broadly speaking, there are two main ways to do this:
1. Use paid advertising tools like Facebook Ads, YouTube Ads, Instagram ads, Google Ads, LinkedIn Ads, etc.
2. Create, share, and promote content online – such as blogging, video-blogging, podcasting, or posting on social media.
Affiliate programs are often used by bloggers, vloggers, podcasters, and other influencers who want to generate a passive income stream from their existing followings.
To generate passive income from affiliate marketing, simply search for high-paying-affiliate-program that you will want to promote, sign up, and start marketing! Once you’ve automated your affiliate marketing, you can relax and enjoy your earning passive income.
Summary: Beginner Passive Income Ideas
What is passive income? Passive income is money earned that requires minimal effort and time to maintain. Although top passive income strategies require a lot of work to get up and running, they can lead to financial freedom, it is worthy it.
Interested, and ready to start creating your passives income streams for financial freedom? If you answer yes, and you are not sure how to go about it, use the link down below to sign up for free training videos series workshop on how to create online income streams from scratch
And I will send you the free training videos that are responsible for thousands of people around the world including myself to create good online passives income streams from scratch to be a success
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That’s it for now thank you so much for having interest in my article, please leave a comment, and if you have any questions please reach out to me via my website www.sandrakiers.com on the contact me page you will find my contact details. Viste my website for more great contents
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See you on the other side. Warmest Regards,