To start with, what is passive income?
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According to this definition found on WikiPedia from this Google search result page:WikiPedia Definition of Passive Income
With that in mind, lets read what expert and an online marketing symbol (Pat Flynn) of the term Passive income ideas have to say about this subject,
building online businesses that take advantage of systems of automations that allow transactions, cash flow and growth without requiring a real-time presence. We don’t have to trade our time for money one to one. Instead, we invest our time upfront, creating valuable products and experiences for people, and we reap the benefits of that time invested later,” he says, adding, “It’s not easy. I just want to make sure that is clear.” – Source, Forbes
Okay! But before we go fully on today’s topic, here is something you need to know, understand and accept upfront (taking from the above words of Pat Flynn) – there is no such thing as 100% passive income lifestyle or business.
Every noise you read about building a passive income business online happens at the back of years, months, weeks and days of hard work, consistencies, trials, and failures, building, creating etc.
The business of passive income ideas is to keep your business operations fully on automation, and there are lots of tools that will make your life easier doing that, but even at that and on top of it…….a lot of time MUST have been invested into building, growing and perfecting the business to reach such level.
And when you achieve this, you still need to keep maintain the trust, credibility, awareness and keep updating the tools that make your business runs smoothly. So while you have invested the greater amount of time upfront, a lot of time still require to maintain your business otherwise it may get sidekick by your competitors.
So you see, is not all that passive anyway!
This is why we will need to discuss some important issues about the reality of what passive income IS and what is NOT plus how you can create consistent passive income opportunities that enable you to be financially free.
Tips #1. Passive Income is Not For The lazy Type.
Nothing worthwhile that leads to great success in life comes easy, so also generating passive income consistently good enough to sustain your whole life responsibility will not come by on a silver of platter.
You have to work your way up to it, be prepared for the task ahead and did I tell you that the task is not an easy one at all?
Building a successful online business is one of the most challenging tasks I ever know, in my opinion – this is not something for the weak minded person or the so-called “Lazy Man.”
Online business is very hard, don’t get deceived by some conventional marketers that try to make money off you by selling you false hopes. It takes lots and lots of constant efforts to build a thriving online money making business.
Tips #2. what you give is what you get.
In fact, let me put it straight in your face – Garbage in, Garbage out – what you give is what you get. If you put in few hours of work (Productive one for that matter) you also get few rewards in the future for your efforts.
If you put in long hours of productive work, you get more and better rewards for your efforts in the future.
So don’t expect to start generating passive income from mediocre or unproductive task. It doesn’t happen like that, you have to give your best upfront, put in lots of efforts, energy and resources to perfect the system before you can expect it to work on autopilot for you.
Tips #3. Choose EveryGreen Topics.
This is very important and applicable to online marketers that hope of generating residual income from their one-time efforts they’ve invested in putting that quality content or products out there.
Trending topics that fade away with time or events won’t give you much of passive income opportunities, it takes writing on evergreen topics or creating products and services that will always remain relevant to the concerned society to make the best out of passive income consistently.
This is one disadvantage of blogs that writes on technology, mobile devices, events and occasions, breaking news etc. What is HOT in the morning might just be as cool as ice cold water in the evening – no one is talking about it anymore.
These types blogs need to keep updating multiple times per day in order to remain relevant to their followers. The worst is that a good percentage of their content doesn’t have long-term value because they’re writing on time-sensitive information.
For instance, do you remember this Nokia Symbian OS Mobile phone? It was my first ever smartphone to use, and as at the time….one of the very best smartphone in the market.Nokia 3650
Fast forward to some four, five years later, even my six-year-old son won’t accept it as a gift. Technology has moved beyond it, and if there is anyone living that built part of his passive income strategies on Nokia Symbian OS phones brand……..I guess that’s a dead income a long time ago.
Tips #4. Passive Income is a Reality.
Many are still in doubt whether earning passive income is real or not, my answer is “YES”! earning passive income from your one-time efforts is a reality and not myth.
One blog post you publish today has the potential to keep generating income for years to come as long as the topic discuss remain relevant to the affected community. Also, a single product you produce today can keep selling for years so far it remain in top shape, and relevant to the community.
Take the business of ebook publication for an example.
The author writes and published his digital book today, but keep selling it for years to come as long as certain factors are met.
Tips #5. Discover Your Target Audience.
Earning consistent residual income will directly involve utilizing your personal skills, experience, and passion to create something worthwhile for your target audience. The best you can discover this target market, the best your chances to serve them better with providing them with useful content/products and or, services that will benefit them.
Don’t build your business on the purpose of trying to appeal to everyone, targeting everyone in your marketing means you’re calling nobody to your business. You can’t appeal to everyone.
How to discover your target audience.
There are lots of practical ways to discover your ideal target market, but here I will discuss few:
- Your Passion. Your passion should be your number one strategy for finding your ideal audience especially if you’re a beginner. This will make it easier for you to serve your audience in an honest way, and to keep serving them for long. Try to discover your true self; what is that gift nature has blessed you with that the world need to see in you? If you can discover this, consider building your online business around that gift….it makes a lot more sense starting a blog/podcast or video blog around the subject you’re passionate about.
- Use Keyword Tools. If you’re an advance digital marketer, keyword research tools like that of Google keyword planner is a great tool for discovering target market that resonate with your passion. Use this tools and many more to discover hidden treasure in creating your next business blog and start building the foundation that leads to creating passive income streams.
- Forums. Niche specific forums are great places to discover what could be hot and have long-term value to build your business around. There are lots of these places on the internet, depending on your choice…..find one that relates to your business and see how you can make the best of it. Warrior Forum is a great place to discover HOT topics that has been around for years and are likely to remain so.
Tips #6. Choose Products/Services wisely.
One of the backbone to create passive income opportunity is in the services or products you promotes either as an affiliate marketer or product owner.
If the products or services you promotes doesn’t appeal to your target audience, there is no way to go around this – you won’t make money from your efforts not to say generating consistent passive income from it.
Choose products or services you render wisely and this should be base on the topics of your blog/podcast or youtube videos. If your audience is directly tied to the products/services you promotes, you’ve opened up your chances of generating a steady income.
Tips #7. Start a Niche Specific Sites.
Once you’ve discovered your ideal audience is best to create a site only for this audience;. This will allow you to concentrate only on the task that truly matters to them.
Instead of building a blog that talks about SEO, Traffic techniques, Backlinks Strategy, Conversion optimization – you can narrow it down to target just one specific topic. Let say – Traffic Techniques.
All the above-mentioned topics are closely related yet each one can be a stand alone blog topic you write about.
This makes it a lot easier for your audience to know what they should expect from reading your blog, it also provide advanced marketing strategies for proper monetization methods you can take advantage of when your niche specific site start generating quality traffic.
Tips #8. Choose Best Product Format.
After you’ve created your niche specific site, and you have validate that your audience do enjoy what you’re offering them, and some decent traffic worth monetizing……is time to decide on what product will best serve your audience purpose.
There are many format a single product can be created especially when it has to do with giving out information.
You can create an ebook to sell to your audience who are currently reading your blog while you place it on for sale in places like Amazon, Ejunkie, ClickBank etc and makes more money from it for years to come as long as it remains relevant to the society.
Also, one of the best strategies to keep earning passive income is by creating membership sites, but this has lots of layers to cover and is best executed by season marketers like Zac Johnson who know what it takes to manage it effectively.
Affiliate marketing is something you should consider too, especially if you have loyal followings that put great trust in your work and take positive actions on your recommendations.
However, choosing the right affiliate product to promote is one difficult task, but there are lots of ways to make it look simple and one of such ways is to ask your audience directly what products could best solve their problem(s). You can do this through running a survey on your blog, email newsletter, social media marketing and many more.
Affiliate marketing if done right, can be a very reliable passive income streams for years.
Tips #9. Remember Your Audience Trust.
If there is just one thing I would want you to take from all you’ve read so far – that would be trust – don’t trade the trust your audience have for you for anything in this world……even a million dollar does not worth the trust people have in you.
Trust is what will make people buy from your recommendation time and time again. If they put their trust in your expertise, skills, and knowledge…….only to find at the end of it all that you’re only here for the money – believe it or not – that’s the beginning of your end in making money online.
Word of mouth is consider as the best form of advertising, so also word of mouth is the worst reputation or image destroyer. And to make things worst, whatever goes up online remain online forever so far search engines have indexed it.
Generation after generation will keep reading your ugly past forever even after you’re gone.
The joy and freedom that comes along with being able to live the way you want are enough to motivate anyone to strive to reach greater height in his choosing career, and one of the best possible ways to live that dream live is by not trading your time for money.
This is where earning passive income comes into play. But remember, there are lots of works involved upfront and when these works are married with the best intention to serve your audience faithfully……….the sky is just your beginning!
How to Build Brand Authenticity Using Customer Generated Content
Creating quality content is the best thing someone can ever do for their company. When done right, it generates a lot of traffic towards the website thus giving a high likelihood of converting the followers into leads. Unfortunately, quality content is expensive and can use up a lot of money, time, and very exhaustive.
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Fortunately for us, there is another way to get quality content without having to go through all this hustle. When you make use of this strategy, it will turn out to be more powerful and accurate than other cumbersome methods. This solution is known as User Generated Content (UGC) since it is one of the simplest way to get results without getting tired.
What is the significance of UGC?
The moment you make use of content generated by customers, you automatically create trust with other customers. This is because more than 80% of consumers find content generated by their fellow customers to be convincing and true than what the brands can write about themselves. The assumption is that no one will ever write negatives about themselves unless third parties take over.
UGC is the most authentic type of content as 98% of it is true since customers have no interests in the customers creating profits. If something is bad, they will write it as it is. The reverse is also true. It is therefore recommendable to spend more time curating on the content written by consumers rather than the company itself. You can also use a tool like keyword.com to better create content for your audience and to also rank higher in Google for multiple keywords and search phrases.
The other advantage of UGC is the ability to track all the conversations and mentions. This mostly helps by finding out what the customers think about your services and products. In case of any problem, you can address the same issue. You are allowed to comment on the same wall towards their plights.
The other advantage is to help a company in saving time meant to write content. This time can be allocated to other issues that help in accumulating profits for the business.
Ways to Build an Effective UCG Marketing Strategy
1 – Choose your platform wisely
You do not just create a CGC in any area. The first thing is to ensure that you have a good number of active followers in online platforms. In addition to this, remember that each platform works differently; Facebook users are known for sharing content whereas Instagram is more of visuals. When you ask people for content, remember to be specific with what you want since a lot of us are ready to talk about anything we wish.
2 – Collect independent customer reviews
Customers’ reviews are very vital to any business as they act as personal recommendations to other people who are yet to try your brand. In fact, a lot of people prefer to read a number of reviews before making a conclusion on whether to buy or not. If someone comes across two or more negative comments, a good number will pull away from your page. Remember that savvy customers will always spot fake reviews hence the more reason to stick to authentic customers. The only way to win their hearts is by offering what you promised in the first place.
3 – Offer rewards
There is nothing as encouraging as being rewarded for doing something. Offering rewards attracts a lot of people towards your page as everyone is eager to get something. Don’t try too hard by getting expensive gifts. You can promise that a winner will have their tweets retweeted or you feature their article or business on your page. Not only will they feel happy that they are part of your success but will also attract new users to subscribe.
Neil Patel is often preaching about the process of offering rewards and getting users to submit an email address on your site — which you can then follow up with afterwards. You can read more on Neil and his most recent resources here.
4 – Support a charity event
You need to remind your customers that your brand is not after making profits but rather in helping the community in different events such as acts of charity. Let people know that you have a greater vision for them too.
Online platforms can either break or boost your business. This is because a lot of people have turned to recommendation on social media by strangers or friends. If you want better reviews, ensure that your products are quality and services are up to standard.
User Generation Content is the Way to Go!
With more than a billion active websites and blogs on the internet today, content overload is happening daily. The same is true for brands and bloggers that are struggling to create original content on their own.
The better option is to build a platform or content creation and marketing plan that relies on content being created from other users. After all, how much content has Facebook or Instagram ever made… and look at how huge and massive their brands are!
Be Careful Who You Ask for Blogging Advice
I retired to a life of travel through blogging.
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Do you want to travel the world through blogging?
My eBook lays out simple, step by step tips to follow for you to travel the world through blogging.
I know how to do it. I teach you how to do it. Easy. Simple. Smart, too; you ask a blogger who lives their dreams for blogging advice on how to live your dreams.
Imagine if you asked people from a blogging tips themed Facebook Group about how to travel the world through blogging? Who are these people? Do these bloggers know specifically how to retire to a life of travel through blogging? Have these bloggers written eBooks and created courses on the topic? Have they lived their dreams?
What ensures said bloggers offer good advice?
Do many of these bloggers offer terrible advice?
Are many of these bloggers experienced, skilled, knowledgeable bloggers, being tops in their niche, like me?
Most bloggers mean well. Some bloggers offer solid advice.
But many bloggers offer terrible advice to struggling new bloggers who follow terrible advice and all of them struggle horribly, following bad advice from bloggers who only know how to fail, versus knowing how to succeed.
Be careful who you trust.
How to Get the Best Blogging Advice on Earth
Follow the top blogging tips bloggers.
Hire them to coach you.
The best blogging advice on earth flows through premium blogging products and services created by the top bloggers on earth.
100% of the time, following this advice leads to success. Fool proof way to get only good advice because pros teach folks how to be pros.
The only reason why you’d get bad blogging advice is if you follow anybody other than the top blogging tips bloggers on earth.
Beware Free Advice Because it is Often Cheap
Free advice sites like Quora and Facebook Groups require no vetting.
Any blogger can offer terrible advice.
This was from my trip to Fiji.
Beware trusting advice from these spots; well-meaning bloggers often guarantee your struggles by offering failing, inexperienced, terrible advice.
Vet Bloggers Who Offer Advice
Gaurav Kumar offered excellent advice via a comment responding to my live Facebook Broadcast.
If you wanted to vet his advice, checking his Facebook profile and clicking on his eAskme blog link immediately proves he is a top blogger who offers sensational advice for succeeding.
Following blogs, investing in eBooks and hiring bloggers by scanning their blogs is the easiest way to:
- vet advice
- trust advice
- get awesome advice
- accelerate your blogging success
Research bloggers who offer advice on free forums. Some genuinely offer success-promoting advice through their blogs. Trust said bloggers.
If you click through to see no blog, or a blog hosted on a free platform, or thin, weak content, beware these red flags.
Follow advice only from top bloggers who put their advice in action and succeed from an abundant, generous, calm, confident vibe.
Go to the Top
Follow only the top blogging tips bloggers on earth to get the best blogging tips and to accelerate your blogging success.
Matthew Loomis at Build Your Own Blog offers success-promoting advice. Follow him. Hire him. Succeed.
Why spend hours asking for advice from folks who may or may not have any idea what they are talking about?
Go to the top.
Google popular search terms, vet guest posters on Blogging Tips, follow the best, get the best advice on earth, use the advice, succeed.
Blogging gets easier and easier when you only follow the top bloggers on earth and invest in their premium offerings because getting the best advice from the best bloggers positions you to be the best.
What Does Your Blog Need?
I wrote an eBook explaining what your blog needs:
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Success finds bloggers who cover all bases.
If you need nothing and feel your blog needs nothing, you succeed and live your wildest dreams.
Successful bloggers know adding the right elements to blogs and beginning blogs the right way accelerates your success. Plus it feels good to begin blogging intelligently.
What does your blog need?
1: Domain and Hosting
Invest in a domain and hosting.
Accelerate your blogging success.
Domain names make you stand out.
Observe how Pat Flynn invested in Smart Passive Income.
Of course you know immediately; the blogger covers smart passive income. Passive income seekers know the resource because Pat bought a domain name.
He also invested in hosting to ensure he owned his blog.
Take this step to control:
- income potential
- blog voice
Own your site. You need to own your blog to be in control of your blogging campaign.
2: Premium Theme
Invest money in a premium theme.
Stand out from the crowd.
Circulating money on a premium, eye-catching, clear theme emits a professional, impressive, powerful message.
This was from one of my many trips to Thailand.
Readers see you are a serious, successful or success-seeking, blogger. Of course you gain trust and grow your readership quickly by investing money in a premium theme.
Why do you need a premium theme? Would you trust a blogger who uses a cheap-looking, heavy, non-professional theme? If someone cannot afford to invest $60 in a premium theme you better not trust their advice, their insight and their sharing. Why? Serious, skilled bloggers never allow $60 to dictate their life’s direction and failing, struggling, unskilled bloggers make the foolish decision to not chase their dreams over $60.
Content drives blogs.
Your blog needs content to:
- prove you know your stuff
- spread your presence online
- inspire readers to follow you
- inspire readers to trust you
Visit Blogging From Paradise.
Look around for a few minutes. Read 3 of my recent posts. Do you see why content drives the blogging engine?
Imagine if you saw only 1 blog post. Every blogger begins somewhere but publishing helpful content from a generous, success-focused energy distances you from most bloggers in your niche.
Imagine seeing 1 to 5 blog posts on a blog. Good introduction no doubt.
Imagine seeing 50 to 100 blog posts on a blog. Massive impact.
Focus less on post numbers and more on being generous with time and talents. Content just shows off what you know.
As folks see you know your stuff thru your volume of helpful posts you begin to:
- increase traffic
- boost your blogging profits
- expand your presence
- increase brand awareness
- help more folks
- make a big impact in your niche
Content makes everything grow.
Publish content on the regular to become a successful blogger.
Focus on Your Dreams
Concentrate on your dreams from a relaxed, chill energy.
You need dreams to feel the calm, detached confidence of bloggers who invest in:
- a domain and hosting
- a premium theme
- creating helpful content
See your blogging wins now. You succeed now. Own it.
Feel good about your blogging career. You are rocking it out.
Succeed, being the blogger who covers all blogging needs.
Invest in a blogging course.
Your blog – and you – need a blogging blueprint to follow in order to succeed from a calm, confident, orderly, relaxed energy.
Blog like a success.
Learn from the best to become a successful blogger.
Courses just give you a structure for learning in the proper format.
Imagine sitting down in a classroom to learn disciplines from a professor.
You do the same thing through a blogging course.
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