Every day we read and hear about people saying they want to escape their stressful 9-to-5 jobs.
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We are further inspired by stories of people whose passive income ideas have helped them make it big.
As it turns out, generating passive income is not as easy as investing your money and waiting for it to come streaming back. The good news though is that earning passive income is 100% possible and achievable.
Here are a few ways to earn passive income from your blog:
1. Affiliate Commissions
Pat Flynn, famous for earning thousands of dollars per month through passive income alone, lists three major types of affiliate marketing.
Unattached Affiliate Marketing
- basic pay-per-click affiliate marketing
- you don’t need to be involved at all in the niche of the product you’re promoting
- your earn commissions from people who click and buy using your link, but you don’t have to have a direct connection to them
Related Affiliate Marketing
- you need to have some kind of online presence ( a blog, website, podcast, social media page, etc.)
- you don’t have to actually be using the products you promote
Involved Affiliate Marketing
- the most marketable type according to Flynn
- you use the product or service, believe in it and recommend it
- you don’t just put up a link or banner for the ad, you actually talk about the product within your content as part of your success strategy
- the attractiveness of the product come from your direct involvement and experience with it
Flynn warns that you have to be honest when promoting via involved affiliate marketing, especially if you already have a huge following. This is because people will be inclined to use the product or service as per your recommendation.
You’ll be your audience’s living proof that the product/service works. You will most likely be their go-to guy for questions related to the product. You’ll also be accountable to them in case the product or service you promoted doesn’t work as advertised.
It’s a bit risky, which accounts for the need to have experience-fueled faith in the product you are advertising. Done the right way, the income you can generate from this passive income activity can be exponential.
2. Drop shipping
Chances are, you’ll most likely have heard about this and may even already have an idea of how it works.
In fact, a lot of popular social media pages swear by its effectiveness as a passive income stream.
Aside from social media, drop-shipping is also one of the ways that you can use blogging to make passive income.
In a nutshell, drop-shipping is selling products even though you don’t actually have a business. You don’t make or manufacture the products, you don’t pack them. You just sell them.
Drop-shipping involves working with a wholesaler or distributor who offers this kind of service. Since it has been gaining a lot of popularity lately, it’s actually easy to find suppliers you can do business with.
Your responsibilities involve:
- Setting up your online store – you can put up your own website or use your blog. You can also turn your social media page (Facebook, Instagram, etc) into your instant online store.
- Doing social media and email marketing
- Promoting the products by writing about them on your blog
- contacting prospects and customers and promoting the advantages and benefits they can get from the product.
Once the buyer bites, the drop-shipper takes over. You’ll just have to send the orders to your suppliers (via email or an online form or spreadsheet, etc. depending on the distributor). Then you pay the wholesale price for the orders plus handling charges. The distributor will be the one responsible for getting the product to your buyers.
Some of its benefits are:
- not having to spend money buying products wholesale when you’re not even sure if your customers will patronize them. You’ll only pay if someone actually buys.
- not having to personally package and deliver or ship the products you sell
- not having to worry about where to store your goods
One reason why it’s an internationally popular choice for passive income is the minimal amount of risk and effort compared to putting up an actual business or producing your own products.
3. Selling Information products
Now is the perfect time to cash in on all those seminars and webinars you’ve attended, all those online courses and case studies you’ve taken and read, and any other valuable information and experiences you’ve collected over the years.
As mobile devices make it easier for people to take information on the go, there are many reasons why you should start selling eBooks on your blog.
To begin, here’s what you need to do:
- Choose your topic – it should be something related to your niche, preferably something you’ve had experience and success with.
- Create an attention-grabbing title – choose a title that’s guaranteed to pique the interest of your prospective readers
- Design your eBook – decide how your eBook should look like from inside out. It should have a professional-looking cover design. The outline and presentation of your content should both be readable and informative.
- Upload, Promote and Sell Your eBook – you can choose to do it from your blog or website and promote and sell it from there. You also have the option to upload it to eBay, Amazon, Google Books or any other online platform where you want it published.
4. Selling apps
Now you can work on those business app ideas you’ve been itching to put into reality. It may not immediately make you a millionaire, but technology and your ideas combined can get you a few thousand dollars a month via your app sales.
Sell them on your website or blog or put them up for sale on Google Play, Apple’s App Store or any other app download platform of your choice. It’s a passive income investment that could pay off well in the long run.
5. Selling banner ads
Multi award-winning business and internet blogger Matthew Woodward touts the benefits of Banner Advertising as a lucrative passive income opportunity.
As a blogger, you can generate revenues from banner ads by renting out an ad banner space on your blog to advertisers.
You decide where you want the banners located. You also have the handle on pricing and on how many ads will be in rotation on your ad space.
According to Woodward, when promoting your ad banner space to advertisers, here are what you need to include:
- Audience Interests – highlight your audience’s interests to build credibility and give the advertisers a clear idea regarding your general audience
- Live Traffic Stats – install analytics widgets or plugins that automatically update so advertisers can get a live view of your traffic stats.
- Advertising options – clearly define ad zones on your blog and how many other ads will be in rotation
- Frequently asked questions – answers to questions most commonly asked by potential advertisers
- Links to buy – make sure to put up “Click Here To Advertise” links generously around your page.
That there’s no such thing as passive income is a myth that has been debunked again and again by people who have legitimately earned a lot from such endeavors.
The confusion lies in the idea that passive income means you just work on something once and wait for the cash to flow on for the rest of your life.
Even passive income requires some kind of regular action on your part in order to make it sustainable. That’s why, especially at the start, you first need to balance your active and passive income streams.
And most of the time, passive income streams do not immediately make money fast enough to meet your expectations. It takes time, dedication and a little bit of faith.
Once you accept these as facts, it will be easier for you to put in the work required to start earning from your chosen passive income streams.
Do You Need to Make a Huge Blogging Shift?
Sometimes, you get bogged down with your blogging routine. Routines feel comfortable, right?
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But blogging is a feeling game like life is a feeling game. All flows based on your emotions. If you feel really good – first – then you take good feeling blogging actions and over time, with patience and trust, see good feeling blogging results.
Unfortunately, most humans give almost zero thought to their emotions before diving in to a blogging routine. Bloggers believe you need to do something or follow a set routine to succeed, to drive traffic, and to make money. Day after day, year after year, most bloggers follow a routine without giving zero thought to how they are feeling, if they enjoy blogging, if they have fun following the routine, and if they feel detached, patient and trusting in the process.
This is the only reason why as of about 7 years ago, 80% of bloggers never made more than $100 during their blogging careers. If 8 out of 10 humans can not make $100 through blogging over 1, 2, 5 or 10 years, 8 out of 10 bloggers clearly give zero thought to their feelings BEFORE blogging. Feel bad, and you see no money. But those 2 out of 10 bloggers who feel really good make lots of money over the long haul.
Maybe it is time to make a shift, guys.
2-3 months ago I made one shift. 1 month ago I made an even bigger shift; quite huge, for me. But what I did differently made almost zero difference. How I chose to feel marked the big shift, then, I moved into different blogging actions.
For example, I faced some deep fears, felt the fears, and instantly, after feeling pretty crappy for a short time, I felt better and better. Choosing to face fear, clear it, and feel better, helped me see things clearly. I tired of my blogging schedule, my social sharing groups, blog commenting and heavy cross promotion. In truth, I hated it. I did have some fun with each for a while but the passion long left me. Since how you feel before and while you blog means everything, my mindset-feeling shift told me I’d have so much fun guest posting. So as of about 3-4 weeks ago – maybe less – all I do is guest posting because I have fun guest posting and guest posting comes easily to me.
Making the shift involved facing deep fears of failure, loss and struggle. I had to feel the fear of letting go lifeless activities for me – at the time – to clear out the fear, and properly release these strategies, and to move forward so I could feel good, then, decide what blogging actions would feel fun and easy and enjoyable to me.
All shifts happen emotionally first, by your choice. After feeling some muck and then feeling better, you clearly and intuitively feel through the next fun-feeling, enjoyable step.
What About You?
Do you need to make any shifts with your blogging campaign? Or do you need to make one big, sweeping, all-encompassing shift?
Getting caught up in blogging routines feels comfortable, familiar and safe, sometimes. But do you feel good before you begin the routine? Do you feel good working the routine? Do you feel detached, relaxed, trusting and like you are cared for, and prospering, while following your blogging routine?
Be honest to make a necessary shift. If you love following your routine, cool. Proceed. But most humans are taught – me included – to follow some routine (no matter how you feel) to get something, specifically money, so you can avoid failure, struggle, poverty, going hungry, illness, and embarrassment. This is exactly why most humans work jobs. Follow a routine to get money even if you feel really bad or terrible following the work-routine; aka, even if you hate your job and it feels lifeless, or soul-less.
May be time for a big shift guys.
Why Comedians Teach You a Powerful Blogging Lesson
Last night I saw a funny comedian perform in Atlantic City.
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Chris Delia charmed the audience with his silly, somewhat absurd, level of humor.
He also explained how comedians need thick skin to become successful. Humor is a very personal, subjective topic. Some people find some comedians hysterical but never laugh at other comedians. As you imagine, bombing feels terrible to most comedians. At least until they develop a thick skin.
I once read how Kevin Hart often waited until 1 AM to work an open mic. Sometimes he waited until 1 AM and the place closed down so he never got the chance to do his set. Imagine how thick-skinned you need to be to not let that bother you? Is it any wonder why he is now worth $150 million? He became immune to criticism, failure and rejection. As a matter of fact, after developing a thick skin, he likely did not see criticism, failure or rejection.
All those evenings of 1 AM sets in front of 1-2 lifeless people or all those nights of being told to go home at 1 AM after waiting for hours to do his act purged the fear of criticism, failure and rejection from his being. Void of these fears, he rose up to being one of the most famous, wealthy and powerful comedians on earth.
Bloggers Need Thick Skin
I once promoted a course to the tune of 8000 page views before I sold one copy. Did I quit promoting the course? No. I developed a thick skin during the process. I did not see 8000 rejections. I only saw meeting and helping more human beings through my blog. Even during moments when I felt like giving up I trusted in myself and believed in the blogging process. Quitting and failure were no options for me. But in the same vein, I needed to be thick skinned to see through criticism, rejection and failure.
I needed to be aware of opportunity amid the appearance of nobody reading my blog. Toss in being patient and persistent in helping folks during my most trying times and you have a pretty thick-skinned individual.
Do Not Care What People Think
Chris Delia shared how he could care less what people thought about him. He dressed down a few hecklers during the show.
Comedians succeed because they care less about what people think of their acts; being heckled, ignored or criticized had nothing to do with their belief in self and their belief in their comedic style.
As a blogger, give no thought to what people think of you. Guess what? You cannot control your reputation. No matter how long and hard you work in life to maintain a positive reputation, you can never physically control what people think of you. I am largely a nice guy 99.99% of the time yet some people genuinely hate me. I cannot control their demons. Plus I know we see the world as we see ourselves so if someone hates themselves I cannot do anything about that self-loathing.
Focus on yourself. Focus on what you think about yourself because this is the only thing that matters. Being comfortable in your own skin aligns you with loving, loyal followers who appreciate you for who you are. Let go everybody else. Critics form an energetic yoke if you care about their thoughts but dissolve into thin air when you could care less about what they think of you.
Bloggers become successful because these few folks who have thick skins shine brightly in a world of thin-skinned bloggers who fear criticism, judgment and rejection. The few who step it up do wonders because we all want a piece of free spirits who march to the beat of their own drum without caring what people think, say or do, in response or reaction to them simply being themselves.
Do You Have an Exit Plan for Your Blog?
This past week I ceased sharing posts in blogging tribes.
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I finally got it; I joined tribes because I feared unless I shared other blogger content, nobody would read my content. I feared if nobody shared my content, nobody reads my content, and I needed to share other blogger content to effectively influence bloggers and people to share mine. Ouch.
As you can imagine, I put in many long, hard hours working a job, NEEDING to be online to succeed with my blog. Rewind. Working a job. Did you see this phrase? I worked a job. I needed to be online to succeed. Largely, at least. Does that sound like a business owner to you? Does that sound like leveraging? Sure I drive some passive traffic and profits to my blog but being honest, I largely worked a job and had a job for much of my 10 years online, and I did not have a pure business so I could step away from my blog and business for months, at a time. Or, forever.
I have more of an exit plan now. I have a blogging business. I am writing my tail off to be in as many spots as possible without relying on sharing tribes and other groups that require me to be online, to social share posts, so other people can social share my posts, so I get traffic and profits. I began to think; what am I doing? I mean, if you love joining social sharing tribes, do it. Nice friendship builder. But you need to have some exit plan with your business and need to see how you can step away one day so it is about a 100% passive income machine – or, so you can sell it at a tidy profit – in order for you to be a free entrepreneur, versus a bound employee.
I am having so much fun writing blog posts and guest posts daily. Plus it is easy peasy. Every piece of content is forever, unless all these blogs vanish or get closed out by all these bloggers. Fat chance. Plus I can drive to Atlantic City today with my wife and enjoy a show this afternoon into evening and my business will still grow from a heavy passive element. Even though I am online writing this morning, all my blog posts and guest posts serve as a passive promotional army for the Blogging From Paradise blog and brand.
Imagine me trying to social share other blogger posts as I am driving down the Parkway? Not happening.
Network. Have fun making friends. Build a rock solid foundation for your blog. But eventually, evolve into someone who leverages your presence so you work a business, not a job. Any strategy 100% dependent on you being online, sharing blogger content so other bloggers share your content and boost your success, is a job, not a business, because you are tied to the online world and have no exit strategy, and a light passive element to your blogging business.
Gradually place less emphasis on networking online. Focus on purely passive elements, like writing more blog posts and guest posts, which last forever. Humans change, quit, fail, change tastes; you never want to be at the mercy of the fickle human beast. Unless all blogs close down, all of those blog posts and guest posts you wrote are pretty much forever.
Focusing a bit more on things – things helping people – helps you leverage your blog and business powerfully so you can make an exit plan and step away from your blogging business for 1, 2 or 3 months. I know bloggers who take vacations for months; everything keeps growing money-wise because they leverage, and are not dependent on people for cash flow, because their system creates the cash flow.
Trust in the process plays a big role too.
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