The following describes 9 of the top online passive income opportunities available for any aspiring netpreneur. A brief overview is provided for each of these opportunities so you can gain a better understanding of which ones will work with your current situation and preferences. You can choose one, two or more of these passive income generating opportunities and earn lucrative income streams – putting you closer and closer to achieving total financial freedom.
The Infographic (click to zoom):
The blogging phenomenon has taken the online world by storm, providing practically anyone a platform where they can be a publisher of almost any type of content under the sun. To give you an idea of how popular blogging is, just take a look at the figures WordPress.com is reporting:
- nearly 77 million WordPress sites worldwide
- 13.1 billion blog pages
- 409 million monthly readers
- 38.7 million new posts each month
- 50 million comments monthly
Your blog will the hub or the springboard from where all your passive income streams will be launched from. This is the main residence of your online presence and the main gateway for driving targeted traffic to your online passive income opportunities.
2. Affiliate Marketing
Last year, the affiliate marketing industry registered a 14.94 billion dollar net worth, proving it is a very lucrative source for passive income. Through affiliate networks like Clickbank, Rakuten Linkshare and ShareASale among others, you can earn commissions from as low as 5% to as high as 90% (and sometimes more!) selling other people’s eProducts. You can earn even more revenues by creating and marketing your own products through these affiliate networks.
The key to success is to drive highly targeted audiences to the affiliate landing pages or sales pages where you are registered to. Commissions will be paid to you based on generated sales from these traffic, uniquely identified to your through your affiliate ID. You can use whatever digital marketing tool at your disposal to drive traffic, including blogging and social media.
3. Website Publisher
Social Media Today reported that 25% of the entire advertising market by the year 2015 will be composed of Internet ads. This year, up to $135 billion dollars will be invested by business owners and marketing teams to create and launch new digital marketing collateral to promote their brands, products or services. In the 2013 State of Paid Search Report, 73% of respondents plan on increasing their advertising budget for Google Adwords, with relatively considerable figures investing on other ad networks.
As a publisher for these promotions, you can earn a lucrative passive income when targeted customers click and take action on ads posted on your websites, blogs, review sites, landing pages, splash pages and other online channels. The more targeted traffic you can generate through your channels, the higher the potential for getting better clickthroughs with your ads.
4. Amazon Selling
Amazon sells more eBooks than what traditional publishing companies can sell and accounts for up to 20% of total Internet traffic. That’s a really nice figure to leverage on if you want to earn passive income and you can do so by selling products as an Amazon associate. If you have a blog or a website that talks about a particular product niche or category, you can earn from the fixed, volume-based, and mobile advertising rates Amazon Associates offers for products sold through that category.
You can earn up to 10% fixed advertising rates for particular product categories marketed through your Amazon associates account. The table above shows fixed advertising fee rates depending on the product category. You can match your niche and focused products based on what the Amazon store has to offer for that particular category.
You can also earn a lucrative source of online income by providing freelancing services. eConsultancy reported that there are an estimated 20 to 33% volume of independent workers from the total size of the workforce in the United States. Businesses are planning to increase their dependence on freelancers, as evident last year where there was a 46% increase in freelancers hired. Freelancers pay is also getting better, getting a 37% year-on-year increase in pay.
There are practically a wide variety of skills and expertise companies need that freelancers can provide. The demands for these skills continue to increase across all skill types or categories. Among these skills, the following accounted for the highest percentages among freelancers hired by outsourcing employers:
- IT & Programming (41%)
- Design & Multimedia (24%)
- Writing & Translation (18%)
- Others (17%)
6. Online Writing
With changes in search engine algorithms moving towards a greater focus on high-quality and well-written original content, the demand for online writers continue to increase making it a very lucrative source of online income. The U.S. Department of Labor is projecting a 6% growth for writers based on figures from 2010 and projections up to the year 2020. The hourly rates online writers receive, averaging at $26.64 an hour, is far better than the federal minimum wage of $7.25 other salaried workers receive (as of 2013).
As an online writer, you can more earning opportunities coming your way in the very near future, as 54% of B2B marketers plan on increasing in the next 12 months their content marketing budgets which is currently pegged at 33% of overall marketing budgets. Up to 44% of all these companies outsource their B2B content generation activities to freelance online writers, among these are 65% of large companies.
7. Forex Trading
Investing in the online financial market can also be lucrative source of passive income. If you want to invest in something very liquid, online and available to you practically 24/7, FOREX or Foreign Currency Exchange trading would be the best channel to invest in. All you need to do is to open an account and deposit a minimum investment which you can use for trading in the market.
There are several FOREX trading platform which you can subscribe to, open an account with and trade using graphical interfaces that would make it easy for you to navigate and use. Most of these platforms provide free demo accounts which you can use to simulate the actual trading process using real-time date without actually spending real money. FOREX trading is a real financial trading platform that can earn you substantial amounts of money but it should be clear that there are also risks involved – so learn and work only with the best FOREX platforms and brokers in the market.
8. Network Marketing
Network marketing is technically another form of direct selling and is also known using other terms like person-to-person marketing or MLM (Multi-Level Marketing). You can earn by directly selling products to other consumers but you can also earn a good passive income by building your own network of independent distributors (thus the term “network” marketing) and earn different levels (thus the term “multilevel) of residual income from their sales and memberships.
The network marketing or MLM industry has grown over the years and has become a lucrative source of income for successful network marketers. Up to 150,000 people sign up with these networks worldwide on daily basis, 55,000 of which are in the United States. There are over 50 million people worldwide who have joined MLM networks, with worldwide sales reaching as much as $90 billion. The following table describes the top MLM companies according to popularity as tabulated by MLM Rankings.
Where can you find an online passive income stream where you can combine the appeal and power of blogging, affiliate marketing, internet marketing and network marketing into a FREE online social network? You can find it here at PIFormula – a community of business owners and digital marketers making money through multiple streams of passive income by simply showcasing, promoting, and sharing their products and services. There are three ways online marketers can benefit from PIFormula:
- FIRST – Using PIFormula’s Pinterest-like platform of boards, pins, likes and analytical tools, you can showcase, promote and share your products and services worldwide
- SECOND – You will have access to simple tools that you can use for networking on over 90 social media networks including major platforms like Pinterest, Facebook, Twitter, Google+, and LinkedIn
- THIRD – Using PIFormula’s innovative and excellent quality services, you can take full advantage of a simple yet innovative turnkey system that will let your earn multiple streams of unlimited passive income
The great thing here is you can sign up for a FREE membership even today, risk free, and you can already take advantage of the different systems, strategies and other marketing tools PIFormula offers. You can take advantage of what PIFormula offers, as well as the rest of these top online passive income opportunities – moving you several steps closer towards your goal of financial freedom.
Download our FREE opportunity guide below. This guide will show you how to earn unlimited fast-start cash bonuses and build multiple streams of monthly passive income when you share our free wealth-building content!
You’ll earn $150 on everyone your refer who joins our network, earn $30 on everyone they refer who joins, and earn 15% of the retail sales on 100’s of wellness, health, and beauty products on the next 1.1 million people who follow you…while you work a minimum of 1-hour per week.
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