Working daily at a nine to five job, 5 times a week is most people’s destiny after graduating from university/college for the next decade.
However, after working for years and years at the same job, most people realise that it is life consuming and health absorbing. With life’s unending expenses, it is simply not enough to enjoy life to its fullest potential and to achieve dreams and passions in mind. If you do have a good paying job you simply don’t have the most important asset and that is time. This is where the search for a side hustle comes in.
Starting a side hustle from home in 2020 is not easy. In most cases it requires little to no money. The most important asset for building any form of passive/online income is time.
Passive income in its simplest form.
Passive income is defined as income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it. To break it down even more, it is a hobby that you can find online or in life that you put in two aspects money or time and with a lot of hard work to start with, after a while it will start generating cash flow on the regular. Once you have made your first dollar, you can scale it up from there.
Work anywhere in the world
Passive Income gives you the freedom to work from any place on this earth where there is a laptop/computer/mobile device and an internet connection is possible to start or access any strategic way to make money from home.
Give yourself a raise
With Passive Income you can give yourself a raise without asking your boss! Want to make more money simply put in the time, work harder and smarter. It may take a while but, before you know it your Passive Income stream will start flowing into your bank account.
Work now get paid over and over and over
You can start any strategy/side hustle right now and get paid for years. For example, you can publish an online course and 4 years down the line the course will still bring in money without doing anything at all. It is the true power of passive income.
You don’t have to worry about being fired
Sounds silly? It is true, if you miss up big time or fail at a project you don’t have to stress over any politics, downsizing or the possibility that the company you work for could go under. When you are a true Passive Incomeninja you no longer have to worry about any potential of being fired.
9 to 5’s get taxed
Business owners have way more tax breaks and options than a typical nine to five has. Word to the wise though, you want to make sure you hire a tax professional to help you with your taxes to get the most savings. Doing taxes as an entrepreneur is definitely not a DIY project.
Passive Income is fun and highly rewarding
The options in front of you are truly limitless. With so many streams the money generates itself while you are asleep.
Passive Income requires consistency, hard work and time with a burning desire to make things go right when they are going the exact opposite. It is the power of not giving up. I recommend you read my article first on the types of Passive Income where I go in depth of what you need to know before starting the journey!
There are246,000 people looking on the internet every month for how to make money online and there are 175 million results on this topic, so why isn’t everyone a billionaire?
Well the thing is making money online sounds super sexy and glamorous and it is possible and passive income is a magical thing when you can get it to work. BUT it DOES TAKE WORK…A LOT OF IT.
This is a term that not many know and probably never heard of. Evergreen content is an essential part of Passive Income and it keeps success scaling up non-stop, it is the key for it. It is content that persists over time, that is, it doesn’t have an expiration date and can’t be obsolete.
For example, a video on YouTube that has relevant information in it could be found in search results 4 years down the line.
Here Are 5 Strategic Ways To Make Money From Home
It is the process of earning a commission by promoting someone else’s product or service.
By you promoting someone else’s product or service through an affiliate link which is a link you can get from a company. Anyone clicks on that link and buys the product you can earn a commission up to 15% depending on the company.
There are many Affiliate programs out there that give you the ability to join for free and promote their products and earn a commission.
Affiliate marketing is the treasurer of passive income. The reason why it is so valuable to get started with especially for beginnersis because you don’t have to create a product, you don’t have to create a service, you don’t have to be the expert and you don’t even have to sell the product because basically what you are doing is, you are sharing a product with people that you might know.
Here the top 3 best Affiliate Programs for Beginners that you can start with Right Now
Creative marketis a place for anyone that wants to buy graphic design, social media banners, templates, web size fonts photos and much more.
It is a great place especially for bloggers where most the products that you will be promoting are blogging related materials such as Canva (where you can create great posters for your blog/social media photos).
They reward you with 10% cut of everything your referred customer buys for a full year!
I’m an affiliate, so when you sign up using my link, I get a commission! 🙂
If you are looking for plenty of easy and amazing to use affiliate network links, then ShareAsale is the one for you.
What makesshareAsale unique is that it has a lot of companies that are willing to auto approve you once you request.
Whether you are a beginner or an Affiliate pro this network is amazing for bloggers and easy to navigate with plenty of promotion links. I’m an affiliate, so when you sign up using my link, I get a commission! 🙂
3 amazon associates
Amazon associates is essentially an affiliate program that started in 1996, it is one of the oldest affiliate programs.
You can promote virtually any product that is available on amazon’s marketplace, so this opens up every single niche and market that you can think of because Amazon has everything aside from digital products that aren’t TV, movie or video games.
You can promote affiliate links through social media accounts or your blog/ website which takes us to number two and that is…
I’m an affiliate, so when you purchase a product using my link, I get a commission! 🙂
I can’t stress enough how much Blogging has changed my life for the better. It is one of the most flexible jobs you can have, and the earning potential is limitless!
When you get a nice amount of people reading your articles, it brings in a nice income.
WAYS TO MAKE MONEY BLOGGING AS A BEGINNER
It is something that Google provides and allows you to put ads on your site. Put it throughout your text, sidebar. Every time a visitor clicks on a displayed ad you will make money.
Sell digital products
From eBooks to courses, the options are limitless. When you are selling digital products the best way to do it.
Online courses can be a great source of passive income. Here’s how they work: you create a value-packed online course that helps solve a problem or fills a need. The course can include videos, e-books, and emails with pertinent information.
Customers sign up to purchase the course, and your system automatically emails them everything they need to access the materials.
It is a great way to promote affiliate products and partnerships too.
Once you have the sufficient traffic and built the trust, it is easy to scale up from there.
#3Create a YouTube channel
You might have heard about making a YouTube channel and you might have thought about it before. I’ll share with you how you can make it a form of passive income.
You put in the work by creating and editing videos, in which you are giving up time Initially.
The videos you produce will generate you money because ads are showing, every time an ad comes up on a video essentially the creator gets paid. YouTube gets half the money…
So, I want you to analyse this formula you put in time and effort with a little patience, which will result in automating money over time SLOWLY. Now that is what I call strategic!
The lovely thing about YouTube is that Evergreen content can make you money years down the line as viewers tune in every now and then to watch and attain entertainment/information from.
Dividend paying stocks. Basically, when a stock pays dividend essentially that company is paying out some money of their profit to you THE SHARE HOLDER. It is a way in which the company rewards share holders for owning the stocks.
You take that money and put it back into those dividend stocks, now even more money comes to you. All those dividend stocks and dividend investing can absolutely be a phenomenal way of making passive income every single day.
#5Design and sell t-shirts
This is a really nice way to make extra money, with little cost to start with and so much fun along the way. Bonfire is a website whereyou can upload your unique design on a shirt and then set a limit of how many shirts you want to sell, you choose how many profit you want and then you launch your campaign, set a minimum number of shirts you would like to sell.
When you reach that minimum number, the shirts will be shipped out. It is simple!
Those where the top 5 strategic ways to make money from home rapidly in 2020, with in depth vision of what it takes in order to successed in any form of passive income.
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