Sunday, 1 December 2019

7 Passive Income Streams To Earn $1000 Online Per Month (2019)

Do you want to make money while you sleep? Well, this is a dream for a lot of aspiring entrepreneurs. Now this dream will come true for you if you follow these 7 Income streams and try each one of them yourself to make it a reality. 

With the internet it has become much easier to make passive income online and you can make $1000 or above in passive income per month. However, you have to patient about that. It just do not happen overnight. Reaching $1000 per month will take some time and prepare yourself to put a lot of effort into it. 

Here are 7 Passive Income Ideas For You:



1. Google Adsense Ads:


You must have heard about it, right? Google Adsense is popular ads program from which you can make money online. You can earn money for showing ads in your website or blog. However, the earnings depend upon various factors like the amount of traffic and quality traffic etc. More views your website gets the more money you make. It is that simple. You will earn money based on CPM(Cost Per Impressions) and CPC(Cost Per Click). CPC earnings are obviously higher than what you make from CPM. But if your website has for example 50000 visitors per month, you can make some money online through Google Adsense alone. Consistency is the key. You need to regularly update your blog or website with new, interesting and quality content. I know, this is a lot of work but if you want to fulfill your passive income dream you need to put a lot of work into making it happen. As I have explained at the beginning of this article, you need to be patience and consistent with what you do. 

2. Affiliate Marketing:


Affiliate Marketing has been booming lately. If you have a website of a particular niche and if you are getting a good amount of traffic you will be able to apply for affiliate accounts in affiliate marketing websites. There are a lot of websites like web hosting, domain name, or marketplaces which allows bloggers or website owners like you to join their affiliate program to maximize your earnings online. However, if you have just started out and thinking of applying for Affiliate marketing I would suggest to hold off. You need at least some posts and traffic before you apply for affiliate program. 

There are many affiliate marketing websites where you can apply based on your website niche and you can possibly make around $1000 per month. You can apply for Amazon Associates program and various web hosting affiliate programs. I will write a detailed post regarding affiliate marketing in the future.

3. YouTube Ads


If you have a YouTube channel, you can make money by showing ads in your YouTube videos. However, you need at least 1000 Subscribers and 4000 hours watch time in a year in order apply for monetization on YouTube. It can be a bit high barrier of entry because it will take some months to get there if you are consistent with it. That means, you can try to post interesting YouTube videos at least 3 times a week and continue to do it as you continue to grow. You need to put a lot of effort into making videos but if you provide value to your viewers it will definitely grow in no time and eventually you will be able to make money through YouTube. This is by far the best way to make passive income online. Once your monetization is enable in your YouTube channel you will keep growing if you continue to post more videos. I have seen some creators making $60000 per month making YouTube videos. If they can you can do it too.

4. Selling Digital Products


Another way to make $1000 per month is by selling your own products. You can sell whatever product you want. It can be e-book, art, music, software, and video games online. Selling online has become a lot easier now since there are giant marketplaces like Amazon, Apple itunes, Steam, where you can sell your products online and make decent amount of income. For example, I am a game developer and I make video games online and sell them on Steam, which is a marketplace dedicated to PC games only and make some money with it. You can even sell the digital goods on your website. What you need is a payment processor to set things up. It might require some investment into making your product and you need to put a lot of time marketing them online to get more eyeballs and eventually more sales. This is a very good method of making passive income online and is highly encouraged. 

5.  Selling Courses


I have seen people on YouTube are selling courses online and making more than $100000 a month. It has been a pretty popular niche and many people are selling their courses online. You can do it too. If you are good at something and if you have skills in, for example, marketing a digital product, you can create your own courses to teach people how to do that and you can sell your courses online to make money. The services that comes to my mind is Udemy. I have seen many courses are being sold their by professional artists, programmer and game developers too. You can give it a try and see if it works out for you.

6. Selling Stock Photos Online


If you are a photographer and you have many pictures lying around here and there then why don't you sell it online? There are many platforms through which you can sell photos and make some money. If you submit your photos on Stock photography websites you will need to go through an approval process. Different website has different criteria for selling your photos. You can apply to many online stock photography websites and if some of them accepts your photos it would be a great opportunity for you to have a passive income source. 

7. Selling T-Shirts Online


You can create designs and upload them to a website called Teespring. Then you can sell T-shirts anywhere in the world with your own designs and make decent money with it. You can create your own website or an YouTube channel to sell them. You need to find a niche for that so that you can sell it to an audience of a particular niche.You can use Amazon Merch to sell T-shirts online too. A lot of people are making decent money selling T-Shirts online and it is highly recommended for you too.

Verdict:

These are the ways you can make money online passively. As you can see, there is really nothing called Passive income. When you hear the term "passive income" the first thing that would come to your mind is that you can make money doing nothing. This is absolutely not true. You do have to put a lot of effort into creating passive income streams and it is a lot of work. It just does not happen overtime and it can take years to make that amount of money. But you have to be consistent with it. If you love doing something for instance creating apps, like I do, well you can make money from it. Again, you need to put effort to make it happen. 

You have to learn and grow constantly and I hope the list given above is helpful for you. Please do not let them be and try out at least one of them. If you get any results you can let me know commenting below. I would love to listen to your stories. Thanks for reading it and I hope you enjoyed it.

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