Some people start their blogs just for fun, and any Money they make from their writing is a nice bonus, while others start their blogs with a view to making some serious cash. If you’re in the latter group, you’ve probably heard of Passive income anyway, but let me refresh you; passive income is any money that you earn while you’re not actively working. You could be sitting on the beach sipping cocktails or even sleeping as the money rolls in.
The idea of passive income attracts many people because they think it’s easy; they think that they won’t have to work hard to achieve their goals, and boost their bank balances. Sadly, that is not so – if you want to make big money via passive income on your blog, you WILL have to work very hard upfront to create effective sources of passive income BUT once you’ve done that you WILL be able to make money while you sleep, as bloggers like stefan ciancio can attest. Sound good? Here are some of the best ways bloggers can earn big with passive income:
Sell Templates and Other Resources
One of the easiest ways to make some cash with your blog is to create templates and other downloadable resources to sell. Say, for instance, that you’ve created your own very efficient budgeting spreadsheet that helps you to keep your finances right on track. Why not offer that as a download to the readers of your finance blog, so they can do the same? Makes sense right? Think of a template that would benefit the readers of your niche, create it,blog about how good it is and watch the money toll in.
Selling physical products online is now a huge industry with more people shopping on the net than ever before, but selling physical goods is a lot of work, right? Not necessarily so, if you choose to dropship products, it can be as passive as you like. All you have to do is add a store to your blog and the supplier will handle the rest.
Once you’ve built up a solid audience of readers with your blog, think about creating an ebook or several ebooks that you can offer for download. Those of your readers who love your stuff are sure to want more, and if you write about a topic you’re really into, it shouldn’t be too difficult for you to create something of real value.
Run a Course
If you’re blogging about writing, knitting, cooking, or basically anything that’s a skill others may want to acquire, it’s a no brainer to create a video course that you can sell from your blog. Sure, it’ll take some time and effort to write the script and film a high-quality video course, but once you do, you’ll always have it there to be downloaded by anyone new who needs that information. You can make as many courses as you have skills, so there is always the potential to make more cash as you sleep.
Promote Other People’s Stuff
Perhaps, the most common source of passive income is via commissions earned by promoting other people’s products and services. You can do this by simply displaying Google ads or placing affiliate links in your content, but you can also earn well by reviewing products too and that is a method that can provide you with endless amounts of content if you’re stuck on something to write about. The key is to find high-value products in your niche to promote.
Create Premium Content
If your blog is really popular and you know that readers value the information or entertainment you provide them with, you could think about setting up a paid content service, whereby subscribers will get access to additional posts that others do not by paying a small fee.
Make a Challenge
If you have the kind of readers who are up for a Challenge, give them one by creating your very own challenge. This could be a weight loss challenge, a habit forming (or breaking) challenge, a writing challenge, or well the sky’s the limit really. How you make money is by selling them a guide, sending out prompts, even selling them any equipment they may need to complete the challenge effectively.
As you can see, there are lots of ways to make an income passively if you have a reasonably popular blog at your disposal, but as you can also see, you really do need to put the work in ahead of time, so what are you waiting for?
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