Passive income, what is passive income?
Trading your time for money has its drawbacks, this is because you can only in a finite amount of money due to the amount of hours in a day, and days in a week.
Passive income is income that is gained by doing initial work at the beginning, and then reaping The Rewards In The Future.
Other forms of passive income might be investments or business opportunities, where you buy something that will make you money and pay dividends.
The great thing about passive income, is that you can make a lot of money over time.
Make money online
There are various ways of making money online.
You can make money by writing blogs, YouTube videos and providing a service.
YouTubers can make money, by getting their YouTube channel monetised.
Website owners and bloggers can put banner ads on their websites.
Cryptocurrencies like bitcoin and ethereum, can be mined using PC mining rigs or ASIC machines.
People also buy and hold, or trade cryptocurrencies.
They use companies like Coinbase and Binance, to invest in altcoins Bitcoin and various other cryptocurrencies.
If you would have bought 10,000 Bitcoin back in 2010 it would have cost $25.
If you would have sold all your Bitcoin in 2017 at $4000, you would have made Fortunes e.g $40,000,000
There are ways of making money like crowd lending from such sites as Funding Circle.
This is where you fund startup businesses and you can get a return on your money in the future.
Unfortunately you can lose money as well as make money.
Dropshipping is one of the most popular ways of making money online.
Amazon FBA (fulfillment by Amazon)
You can become a seller on Amazon by signing up for Amazon fba.
Amazon fba allows members of the public and companies to list products on Amazon for sale.
You can make lots of money doing this quite quickly.
Products are sourced from China, to be more precise factories that produce products in China.
You get them shipped over to the Amazon warehouse local to you.
Then you create listings on Amazon and sell your products.
There are fees of 15% per products sale, and a monthly fee as well but she’s around about $50.
People have been making lots of money doing Amazon fba, some people make thousands but a lot of well-established sellers on Amazon can make in excess of $20,000 sales per month.
Affiliate marketing is a great business model, because it’s is cheap to do and you don’t have to deal with refunds and Returns.
What you are doing is linking a company to its customers, every time someone clicks on your affiliate link, you get a commission.
Bloggers,influencers and YouTubers make money via affiliate links from affiliate networks and direct Company affiliate program links.
Affiliate marketing and online business courses, teach you step-by-step all the skills that you need to succeed.
Like I have mentioned in my other blogs, these courses teach you skills, that are transferable to other online Industries and businesses.
How to build a profitable niche blog website
Income school is a website run by Jim Harmer and Ricky Kesler,they run a fantastic online courses called Project 24. Passive income can be a difficult skill to learn and this is where building a business can cause a lot of people to give up before they have even got started.Learn how to build a profitable niche website in 60 steps.
I really like Project 24,because Jim and Ricky’s advice is so good and useful for building a passive income online.You can learn a lot by listening to these two guys.The Project 24 course is there to help you every step of the way.They will run through every step from start to finish,of all of the things you need to create a passive income website.
WHAT IS INCOME SCHOOL ?
Ricky and Jim are brilliant at giving valuable content online through Youtube videos and blogs.They are experts in SEO and have plenty of skills that can help other entrepreneurs.
They have created a network of profitable niche websites that earn them both a fantastic online passive income.Their website Income School has become famous through their online presence on Youtube.I am huge fans and have listened and taken action with the advice they give,it’s really helped me to grow my own online business.
Jim Harmer is a professional photographer from Idaho and has had plenty of success with his career.He has been a blog writer for many years and has taken his knowledge and created a great online business with his colleague Rick.
Rick Kesler is co founder of Income school and blogger,he has a background in business as well.
Jim and Rick are great motivators of people, project 24 will help any budding entrepreneurs to succeed with their niche websites and blogs.
LEARNING HOW TO BUILD A PROFITABLE NICHE WEBSITE
Project 24 is a course for learning how to build a profitable niche website over a 24 month period.The first two years of a websites life can be difficult,because the major issues are web traffic and monetization.
Online business can be a mine field of false info and promises,with some shady ‘So called Affiliate marketing Gurus’ making claims they can’t back up.
Jim and Ricky have created a great course that includes a lot of content,the content they provide is tried and tested.We know this because they have used the same techniques they teach on their own websites.
They quite clear and honest about how much their websites earn in one of their Youtube videos and its not pocket change,some of their websites make $60,000 per Month.
The bogs they have created range from photography to pets and the list goes on.
.They walk through the 60 step approach to making a website that can make you money online.
The content included on the Project 24 course;
60-Step Approach to a Profitable Niche Site
A Podcast to Give You the Newest Techniques
A community of students, and also Ricky & Jim’s expertise
A library of Courses for learning Everything you need to know
Building a niche site for passive income takes lots of dedication and hard work in the beginning,so choosing Project 24 will help you reach your goal of mastering passive income a real possibility.
This course is idea for people who want to monetize their blogs, and for people who want to start from scratch as well.You can start learning step by step, how to get your website up and running and getting that all important organic search traffic from Google.
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