arbind555

New member
There are a ton of ways to earn this kind of money but first, you must either have specific skills or learn them as fast as possible.

Basically, there are two main ways to earn money whether offline or online:

  1. Active Income
  2. Passive Income
Active Income

In this model, you earn money actively. The best example is when you perform a task, job or gig, and you’re paid when you complete the job. In other words, you earn when you do something. If you cease working, you earn nothing.

Many websites offer these kinds of gigs, including Upwork, Freelancer, TaskRabbit, Toptal, FlexJobs, Fiverr, PeoplePerHour, Guru, LinkedIn ProFinder, etc.

If interested, you can visit any one of these websites and explore for yourself, the type of gigs offered by the websites, how they pay, and whether there’s anything there for you.

Many of the gigs pay between $5 to $3,000 per gig depending on your skill set, expertise, experience, and review score.

The $3,000 is for highly specialized types of gigs, like coding, software development, web development, etc.

Mind you since the Internet has become the go-to place for anyone seeking to get a quick buck, most of them fleeing the economic collapse occasioned by the global pandemic, the competition is currently hitting the roof.

Passive Income

Passive income simply means ‘hands-off’.

This means you build a system that can generate passive income perpetually, with minimum human intervention.

There are quite a number of ways to earn passive income online:

  • Write and sell eBooks on Kindle and other websites
  • Create and sell online Courses
  • Sell Stock Photos
  • Print-on-demand
  • Create and sell an App on a subscription basis
  • Create a Subscription service
  • Lease online Advertising space
  • Affiliate Marketing
  • Automated Drop Servicing
Most of these methods do not need an explanation. You can check out any that you fancy and try it out.

However, I will try to explain a bit of Affiliate Marketing.

By far, the easiest passive income model and one you can set up today, set up once, and forget, and earn a commission today, is Affiliate Marketing.

It is also the one with the lowest entry barrier, with minimum investment and hustle.

However, like everything else under the sun, Affiliate Marketing demands that you learn two major skills:

  • Copywriting
  • Online Marketing
Both of these skills can be learned within a few weeks, assuming you’re learning them from the right people, or you can just learn them on your own and spend months doing it.

Learning them from an expert can cut the time it takes between being a complete novice, to the time you earn your first buck online as an affiliate marketer.

Learning it on your own is also known as “Learning it the hard way”. Paying someone to teach you is known as “Learning it the easy way”. The difference is that the money will come to you faster.

Which one you choose is really up to you.

Earning Through Affiliate Marketing

Affiliate marketing consists of just a fraction of online marketing and e-Commerce combined, but due to its low barrier to entry profile, it makes it possible for small scale businesses and individuals alike, to enter and build a lucrative online business that can earn perpetual passive income.

Most of the information about affiliate marketing is cliché.

Affiliate marketing is simply the process by which an affiliate (marketer), earns a commission for promoting and marketing another person’s or company’s products.

The affiliate simply chooses the products to promote from a single company or a large database of products they want to promote, and once approved, they can then promote any product to earns a piece of the profit from each sale they make.

One reason why affiliate marketing is so popular is that it introduces the important skill of online marketing to anyone who wants to learn it and make money at the same time.

You don’t need a college degree to do affiliate marketing, but you need to hone your marketing skills to earn a substantial amount of money, which takes time.

Affiliate marketing is the crème de la crème of online marketing. Some affiliate marketers earn upwards of $10 million a year in passive, autopilot income.

To earn $300 to $500 per day in affiliate marketing, you can either:

Sell 10 items per day at $30, or

Sell 10 items per day at $50

This is the net amount, so the gross price is definitely higher, say $60 and $100 respectively, if the commission is 50%.

You can easily this daily target using free traffic or paid traffic. Without traffic, you can forget the whole idea of making money online.

If you have no initial capital, there are plenty of free traffic sources including this forum, but you need to do it carefully to avoid getting banned.

In Conclusion

In conclusion, the Internet avails more opportunities than anything we’ve seen in recent times.

However, the majority of people think that this is just a fiery tale. They hang onto their 9-to-5 daily grind, waiting for their retirement as they help their bosses become richer and more successful, and just sit there comfortably, watching as the great Internet opportunity passes them by.

Well, we can’t help it — can we?

Everybody has the right to use their freedom as they wish.

However, people who get in now, on the Internet opportunity, will become the next millionaires.

All you do is get in, and start learning and doing something as described here.

Learning and doing is the secret. Instead of becoming a laughing stock, you can become the proud owner of an online business which can become the envy of many.

Further reading: follow
 

Chibson

VIP Contributor
Creating a passive income online is definitely the best because you don't need to work yourself out on daily basis in order to make money but you just have to do a one-time work and sometimes sleepless night then you will start enjoying. Making money actively is also good but passive is better.
 

Nite

Valued Contributor
Our income always falls under these two categories, Active income and Passive Income. The active income which we earn through our salary is extremely important to us. Passive income on the other hand is our additional income. Good news is there are all sorts of ways to generate that additional income like you've suggested in your thread.
 
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