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10 Steps to Generating Passive Income Made Simple and Easy For Online Marketers

By The 1-Hour Workweek 1 year agoNo Comments

Are you looking for a way to supplement your income? Millions of people have found success through online passive income opportunities. The internet contains plenty of options for those interested in earning a little extra money.

Whether you need to supplement your retirement check or need some extra cash for personal expenses, there are 10 steps to generating passive income made simple and easy for online marketers.

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Generating passive income online usually requires hard work. But, once you have your system in place, you will notice that you require less and less work. The work that you will continue to put into your income stream will mostly be limited to SEO and online marketing to help attract more visitors.

First…

In this report, you'll learn the 10 steps to setting up an online business to generate passive income online.

Second…

You'll learn about a simple and easy way to avoid these 10 steps so that you can start generating multiple streams of passive income in as little as a few days to up to as many as a few weeks.

In other words...

1) You only need to work 1-hour per week for amazing success.

2) You can get paid on multiple income producing products and services.

3) You don't need a website business.

4) You don't need your own product or service.

5) You don't need a blog.

6) You don't need a shopping cart.

7) You get paid monthly residual income on up to 1.1 million affiliate partners

The 10 Steps to Generating Unlimited Passive Income Online. 


#1 – Understand That Passive Income Requires Work

Passive income is typically defined as regular income that is received with little to no effort. This definition has adapted when applied to online passive income. The truth is, there are very few opportunities in life where you will earn money without putting in some work. With passive income earned online, you will have to handle certain tasks.

The ultimate goal of generating passive income is to receive a regular paycheck without having to put in a lot of work. This is possible, over time. But, when you are first starting, you may need to setup a website, create an eBook or video, or provide a particular product or service.

There is work involved, but the amount of work needed to maintain a regular stream of income becomes less demanding as you begin attracting more visitors to your websites.

#2 – Choose a Source of Passive Income

The next step is to choose which method you want to use for earning passive income. There are many options available and almost all of them require the development of a website. Some of the most popular methods include:

  • Affiliate marketing programsshutterstock_267808640
  • Informational products
  • Computer software
  • Website advertising commissions
  • Referrals
  • Reselling
  • Website memberships

All of these methods will require some legwork. You will need to setup your system and may even need to rely on SEO and online marketing to help your website gain attention. You need to get people to visit your website in order to begin earning passive income.

#3 – Choose a Domain Name for Your Website

As mentioned, the methods listed above will require a website in order to help you generate extra income. The domain name that you choose should be relevant to the products or services sold or promoted on your website. People should be able to look at your domain name and have a general idea of what you are promoting or selling.

#4 – Find Website Hosting

Along with a domain name, you will need to find website hosting. Typically, you can find a good deal on a domain name by purchasing the domain name through the company that you choose for website hosting. Some of these website hosts even offer a free domain name when you first sign up.

When you are first starting out, you will not need a dedicated server. Instead, you can save money by finding shared website hosting. This simply means that the IP address used for your web site is shared by several other accounts. Your account and website files will remain separate. You can generally find shared website hosting for less than $10 per month.

#5 – Begin Creating Your Website

shutterstock_228100396Once you have a domain name and web hosting, you can start creating your website. While you could spend several thousand dollars to have a freelance web designer build your site, you can save money by building your site on your own.

WordPress is a website platform that requires no knowledge of HTML, CSS, JavaScript, and other script languages used to create websites. Many website hosts even include options from your user dashboard for installing WordPress. After installing the program, you can begin building your site.

Your website should have a home page that clearly explains the products or services that you are attempting to sell. Whether you are using affiliate marketing, referrals, reselling, or any of the other sources of passive income described earlier, you should have a homepage explaining the benefits of whatever you are promoting. Along with a homepage, you should add a contact page, an about page, and a blog.

#6 – Create Product or Service Pages

As you begin setting up your website, you should add products and services pages for the individual items that you are going to promote or sell through your website. These pages should go into detail and offer a thorough explanation of the advantages and disadvantages of the product or service, along with the primary features.

When using affiliate marketing or reselling, these pages should link to the URL where visitors can actually purchase the item being discussed. If you are selling your own products or services, then make sure that these pages include an option for making a purchase.

#7 – Start Blogging About the Products and Services on Your Website

The next step is to begin blogging about the products and services that you either promote or sell on your website. The blogs do not need to cover all of the features as you did with the products or services pages, but they should link to these pages. You should choose one feature or aspect of the product or service that you can discuss. Your blog posts should be at least 500 words and be written in a personable manner.

#8 – Add Necessary Links to Your Website

There is one more step before you take your website public. You need to include any necessary links related to the passive income stream that you choose. For example, if you chose to use affiliate marketing, you will need to include product or service links to your products and services pages. For reselling and referrals, you will need to link to the website of the product or service that you are promoting.

In fact, you will need links for just about any of the passive income opportunities discussed, except when selling your own products or services or relying on advertising commissions.

#9 – Begin Promoting Your Website

With your website in place, you can begin attracting visitors. This can be accomplished through SEO and online marketing. The most affordable method of online marketing is blogging. You can share links to your blog posts on social media and through commenting on relevant forums.

#10 – Start Collecting Your Passive Income

earn-money-by-passive-incomeThe final step is to begin collecting your passive income. How often you receive payments will depend on the method you chose. Affiliate websites, resellers, and advertising commissions are either paid on a monthly basis or once you achieve a minimum payout amount.

Generating passive income online will require some hard work. But, once you have your system in place, you will notice that you require less and less work. The work that you will continue to put into your income stream will mostly be limited to SEO and online marketing to help attract more visitors.

Generating passive income online will require some hard work. But, once you have your system in place, you will notice that you require less and less work. The work that you will continue to put into your income stream will mostly be limited to SEO and online marketing to help attract more visitors.

Generating Passive Income Made Simple & Easy.


That covers the basics of getting started with passive income streams. However, there's a way to avoid these 10 steps of setting up an online business to generating passive income online. In fact, it's so easy that you can start generating multiple streams of passive income in as little as a few days to up to as many as a few weeks.

In other words...

1) You only need to work 1-hour per week for amazing success.
2) You can get paid on multiple income producing products and services.
3) You don't need a website business.
4) You don't need your own product or service.
5) You don't need a blog.
6) You don't need a shopping cart.
7) You get paid monthly residual income on up to 1.1 million affiliate partners

work1hourperweek

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!

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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.

Click Here to Get Your FREE Opportunity Guide

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About

 The 1-Hour Workweek

  (60 articles)

I’m Tarence Wade, M.D. Even though I’m trained as a medical doctor, I’m also known as “the wealth doctor”. I teach network and online marketers how to save time, save energy, build health & happiness and create multiple streams of residual income…with my 3 step success formula. I have taken over 50 internet marketing courses. I have read and listen to many books and audiobooks…and I have attended at least a dozen seminars in the internet marketing space. I have spent the last 8 years, over 6,000 hours and more than 1.6 million dollars of my personal income as an online marketer figuring out a success formula that generates me multiple streams of passive income that works for me and that will work for you as well. And I’m here to show you how.

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