Passive Income from Home: Do you want to make money online? In this article, we want to talk about how to make money online with passive income by working from home.
We have also covered the difficulties of making money online in this article. Here we discuss 5 tips on how to earn over $1500 a month, how to start and how to sustain it.
I think you can make between $1500 and $5000 a month with these 5 ways.
But of course not overnight. You have to work hard for this. It may take 2-3 years or more. But if you can work hard and follow the right rules, you can be successful.
For those of you who are considering growing the internet economy, I hope these 5 ways can change your life.
How To Make Money Online With Passive Income Working From Home
1. Start a YouTube channel
Ok, the first thought is to start a YouTube channel. Well, we all know YouTube can be part of your income.
The easier it is to start a channel on YouTube, the harder it is to make videos. If you can make good videos, your YouTube channel will definitely give you back your money.
Easy money on YouTube. But the question is, can YouTube really make a lot of money every month? Is it possible to earn between $1,500 and $5,000 per month from YouTube?
Let’s discuss it in detail.
Let’s say you have an open YouTube channel. First, you need at least 1000 subscribers to be profitable.
4000 hours should be the watch time of your video. is it really that easy?
No. It may seem simple, but it is not easy. You need to create many high quality unique videos for 1000 subscribers.
I did some personal research and found out that for 1000 subscribers you need to make at least 60 videos because YouTube is very competitive these days. Also, to get 4,000 hours of video watch time, you will need social media marketing.
You have to work hard for this. If you thought you could start a YouTube channel and make money from day one, you’d be wrong.
I mean, you have to start working on YouTube for at least 2 years, and before 2 years you can’t expect to make money from YouTube.
When your channel is growing slowly, it means your formula is working. Then you can get more serious about making money from YouTube.
For fees, you can earn between $1,500 and $5,000 per month on YouTube.
You must be able to work hard at least once a week for a long period of time, I say at least two years, before you can expect returns. If you can create unique content, you can definitely make money with YouTube.
2. Start a podcast
Okay, the second idea is to start a podcast.
In my opinion, podcasts are easier to get started than YouTube. While it will be easier to grow on YouTube if you make good videos and your channel will grow with the help of the YouTube algorithm, there is no algorithm in podcasting that will allow your podcast to grow up.
How hard is it to start a podcast?
You’ll be delighted to learn how easy it is to start a podcast. You can use your phone if you want.
By opening an account with anchor.FM, you can start podcasting from your phone. There is another site called Riverside.FM, this site is a very popular podcast site.
Okay, so far we’ve learned that podcasting is a lot easier.
So the question is, is it possible to earn over $1500 per month with a podcast? Good to know, podcasts are not passive income. Because the money you make from podcasting comes from deals with different brands.
No AdSense revenue like YouTube. So, if you want to make money from podcasting, you have to choose certain brands.
Expect $25 for a 30-second spot on a podcast. and 25 per thousand views. This way you can earn over $500 per month from podcasting.
Once your podcast exceeds 1000 downloads per month, you can earn a decent income. The question now is how hard it is to download 1000 times a month.
How hard is it to download a thousand podcasts every month?
It’s much easier to get 1000 views on YouTube than 1000 downloads on a podcast. Because YouTube uses its own algorithm to help watch videos.
Also, we know YouTube has a lot of users. People all over the world visit YouTube and watch the helpful videos they offer.
So, if all aspects are considered holistically, podcasting is more difficult anyway, but it is enough to make money. Because you don’t have to follow YouTube’s strict guidelines like 4000 watch hours and 1000 subscribers. So I think podcasts are a great option if you want to make money online.
3. Become an affiliate marketer
Okay, the fourth idea for generating passive income and making money online is to become an affiliate marketer.
Affiliate marketing is the marketing of other people’s products. And enjoy a certain percentage of sales. Currently, 50% of affiliate marketers worldwide earn more than $30,000 per year, or almost $2,500 per month. It’s actually a better amount.
In general, affiliate marketers are doing a better job these days.
How can I get started with affiliate marketing?
Choose a product to promote as an affiliate.
Find affiliate programs and sign up for them.
Drive traffic to your affiliate website.
Convert clicks to sales.
When you start affiliate marketing, the first thing you need to do is decide which products you want to be affiliated with.
You can register in a very simple way, you can use social networking sites to bring it to your product page. Facebook, YouTube and blogs are some of the most effective ways to drive traffic to affiliate products.
A blogging website is simple to start up. Blogging sites are much cheaper now.
You can also market your products on YouTube without spending any money. You can easily get traffic from affiliate products when your blog site ranks well or when your YouTube channel becomes popular.
4. Sell digital products
Okay, idea number 4 is to sell digital products online. For example, you can buy e-books, applications, software, etc.
You can create it once but sell it an unlimited number of times. For example, you can buy e-books, apps, software, etc. sold online. You can create it once but sell it an unlimited number of times.
I know a lot of people who create themes for websites and sell them multiple times. Many also create and sell Android applications. These products are produced in PDF, MP3, video, software or model formats.
Advantages of selling digital products:
Save time: you don’t need inventory or shipping.
High Profit Margins: Digital products typically have high profit margins. Physical inventory does not need to be bought or handled.
Potential for Automation: Digital product orders ship instantly, so you don’t have to worry about fast delivery.
Flexible products: You can create new products at any time, the flexibility of digital products is very good, you can change the sales license at any time according to your needs. You can also sell via email on the subscription system.
Opportunity: E-learning was very popular before Covid-19, and it became even more popular after Covid-19. As a result, the e-learning industry is expected to grow to $374 billion by 2026.
So I think digital selling is a valid idea, but you have to be good at creating something. For example, if you want to publish an ebook, you need to be able to write well.
If you want to create software, you must have coding knowledge. If you are familiar with all aspects of digital products, selling digital products online is a great idea for you.
5. Creating Online Courses
Online courses are very much like digital products. You will create a class once. You can sell an unlimited number of times later. Online courses are often produced in video format.
Although creating professional video tutorials is not an easy task. Still, as a passive income and online income medium.
The first thing you need to do to create an online course is create a video. Because the course must be done in video format. You can also use your phone for this.
You can save the lesson videos to your phone. In addition, with various software, you can easily create informative videos. But you must have a good understanding of this software.
Best Platform to Sell Online Courses:
Udemy for launching your first course.
Skillshare for teaching creative skills.
Teachable can be used to create an online school with advanced marketing.
Coursefy is for creating your school and building your courses quickly and easily.
Podia for selling digital products and subscriptions.
Thinkific to build tracks from scratch.
Learnworlds to create online schools.
If you want to earn $1000 per month with lesson videos, your lesson videos should be higher quality.
Because anyone who wants to learn will want to buy a good course.
If you have the heart of a teacher, you can start working today from the online platforms above. You can use your teaching skills to earn a lucrative monthly income.
Your courses will help you build a community. In the future, all of these students will be interested in purchasing your new course.