Best Passive Income Online Businesses?

Hi NevinC,

I have a small list to answer your question:


1. Affiliate Marketing.

2. Create Adsense Sites.

3. Create a digital product download sites: software, ebooks, apps, templates, etc.

4. Buy and own Turnkey Web Sites.

5. Sell ebooks on Kindle.

6. Create membership websites.

7. Creating Udemy.com courses.

8. Product review site or Niche website or Hobby website with affiliate links to related products.

9. Print on demand books on Createspace.

10. Create products for Cafe Press.

11. Create products for Zazzle.

12. Product review site or Niche website or Hobby website with affiliate links to related products.

13. Write a Blog and sell ad space.

14. Amazon FBA (Fulfillment by Amazon).

15. Sell Clickbank products.

There is much more but, I hope this list creates a spark.

Aisha

Most types of online business can be done in a way that can be considered "passive". All you need to do is figure out something that works and find a way to automate it without sacrificing quality.

Don't limit yourself to things that are considered passive right out of the box.

Allow me to answer you with 3 questions to help you break down what you need:

1. What product or service can you create that solves an in demand problem and is ever green?

2. How can you automate traffic to such product or service(buy traffic, sales person on commission, seo...)?

3. What systems you need to create or what people do you need to hire to have 1 and 2 taken care of?

Also I would like to second the advice above about not limiting yourself to "passive income" thinking.

Passive income predominantly still involves you doing some work to keep things ticking.

Blogging, eventually becomes quite passive.

Kindle books is another one.

Buying/building and monetising a website.

Nothing is 100% passive, again, you'll still need to do some work to keep things running.

This question again..

Practically anything can be outsourced to the point where it requires almost no ongoing work, while at the same time practically nothing can be considered truly passive.

Much better in my opinion to focus on the total return for time invested. If you crave that ongoing income stream, invest what you get into dividend growth stocks or index funds...

I know others will disagree, but IMO passive income is mostly a myth if you want to grow and increase your business over time.

Let me explain. Yes, you can write a book, upload it to Kindle or elsewhere, and forget it and still have income for a time. But if you truly want to be successful and grow your business, you need to be promoting your book and probably writing other books to promote your name. You still need to work to increase your business. If you "set it and forget it" you won't have the same results as you will if you keep working at it.

Yes, you can be an affiliate or sell Clickbank products but that model requires that you constantly drive traffic to your offer pages or affiliate links. If you stop driving traffic you won't make nearly as much as you will by continually pushing your offer in front of new prospects.

Selling courses, audio books, blogging, etc were all mentioned as being passive. To me, there is nothing passive about these models if you intend to keep growing your subscriber list and your audience. Internet marketing takes continual effort and continual traffic.

None of the methods already mentioned, IMO, are truly no work, hands off, never touch it models unless you are satisfied with having these strategies run their course and eventually die out because they are "stale" and not keeping pace with the times.

And yes, you can outsource everything and have someone else run your business in your stead. But then you are trading dollars for someone to do your work so it is still "costing" you something.

Steve

Outside of buying DOMAIN NAMES or ROYALTY rights, TRULY PASSIVE income streams don't exist.

The good news is there are RELATIVELY PASSIVE INCOME models out there that require periodic work.

Know the difference.

In which section you are expert? I think you should start the working in that NICHE, where you are expert. After starting the work, you will be able to find the best one. So have a try. Best of luck.

I've write about just this topic. There are plenty of good ones like affiliate, digital products, ads on a website. The key thing to remember is Passive income is hard to get it just involves no active selling, so you don't need to be present.

You will have to work hard before you set up your passive income, start from one side and you can hit many, for example start a blog and an e-book related to that blog or some tutorials and maybe you can host them on Udemy. You will find your pattern.

Building a list. That should be your first priority.
Best way is to create an info product and promote it as free download and build your list.
Then upsell to your subscribers your related niche. Always offer quality content and your subscribers will always come back for more.

That will generate your passive income.

Passive income.... what about Aggressive Income?

1) $2,000 affiliate commissions
2) $500/month consulting fees
3) $2,000 per person seminars
4) Continuity program at $47/month
5) $300 backend products

Sounds good? Aggressively sell to people if you want to make money.

I mean, it really depends on what you consider to be passive. Is working on it a few hours a day passive or a few hours a week? No matter what there will be some level of "work" that needs to be done.

Most people who earn "passive" income busted their butts for a while to build it up to a certain level and then set it on somewhat autopilot (have VAs take over). Even there you still need to manage the VAs.

The undisputed king of teaching about passive income is Pat Flynn. Just start listening to his podcast from the very beginning and I think you'll get plenty of ideas to work out.

If there was a simple answer for that, it will be worth billions of dollars.

Affiliate marketing tide into list building. You can automate 80% of this business modal and have multiple income streams.

Hi NevinC,

I would advise these businesses to create online passive income:

Selling information products, affiliate marketing, Google AdSense.

I advise you to build your list in the infomarketing niche.

You can eran $1 - $5 every month for any subscribers in your list.

What do you think about it?

Send a daily email to earn $500 - $5000! ;-)

Most of what is listed here is NOT passive at the very least you have manage and monitor but in general you need to do way more work then just that.

I'm not saying passive incomes don't exist, I know some people do very well but I think majority of people don't realize even passive incomes require work.

Just for example, I can write an ebook in a couple hours and I can never touch it or think about it again. It may bring in a little bit of money but if I want to actually have success I need to be promoting my book, maybe writing a blog to accompany the info in it and steer sales towards it, etc.

When I release an eBook I'll make say $100-$300 off it for a few months but if I let it become passive for a few month sales are down to like $17 a month.

Passive Income Exist... but I agree that they don't exist for the vast majority of people because they don't build the infrastructure that they need to make it all work.

It's an incredible amount of work to build what you need to get started.

One of the assets that I have that passively put income into my business month after month would be a software that we run (a SaaS model type product).


Pieces that make it Truly Passive for me:

1) I have a software team that does the majority of the updates. We typically have a monthly meeting (so it's not 100% passive... but pretty damn close considering this is the only work I do on it all month an it amounts to about 15 minutes now)

2) We put a ton of work into dialing the product in when we launched it. So... I do very little work now because I did a ton of work on the front end.

3) There are ads running all over the web that have been tested like crazy... but now they bring in customers dailys (lead flow).

4) The service that the software provides doesn't require any integrations. I don't have to keep up with the latest Google or Facebook update for this to work.

In short....
It's a near passive income asset (minus the one meeting a month) because we put so much time in to build and grow it on the front end.

Most people looking for passive income don't want to put in the kind of work necessary to make something like that work (in my experience).

Great conversation.
Hope I added something small of value to it.

I was going to say Kindle books have been the most passive for me, although they could do with a version 2.0 update and perhaps better covers right now - so some continuous work involved and they would have sold better if I marketed the more (which is more continuous work).

You can build an affiliate blog
And just write reviews on Amazon
Products, just post reviews once
A day and you will be good.

Thats just one of many ways to
Achieve passive income online.

All the best!

My pick would be clickbank+bing Ad

My new Online Passive Income machines for 2017

1. Create Business & Game Apps and publish them in Google Play/ Apple Appstore
2. Own App Store
3. Put all my created Apps on my own app store

Affiliate marketing is evergreen.
But believe me, nothing is passive.
You need to work as hard as possible for months. Only when you get a lot of organic traffic to your website from various sources. You can set it up and leave it.

The best is a niche or thing that fits you best.
Maybe you're amazing at generating traffic to your website, so for you that is best. but you are not good at writing articles. I could say that writing is the best way of making money online, but for you it isn’t the case.