#4. Offer free download: Before you even sell, ask yourself, “What is the purpose of my book?”. If you are using your book as a way to establish authority in your niche then giving away your book as a free download. If you don’t want to give away your whole eBook for free, then give a few chapters to them Again, make sure you are collecting those email addresses in exchange, so that you can follow up with a friendly email to close the sale.
This is the basic mistake they've made: they've fallen prey to the belief that money and meaning are two totally separate things. They've chosen to make their money from something that feels completely meaningless to them (some business they care so little about, they just can't wait to get away from it and minimize their involvement as much as possible), which they hope will buy them the freedom to do something they actually care about.
Thank you! This is really helpful. I have Amazon Affiliates, but I want to get more intentional with how I use it. The only negative thing I have about the program is that since I live outside of US the only way I can get paid is by amazon gift card, or expensive checks mailed to me. I mean, I can use the money I earn now on Amazon on things I actually need, but I don’t know if it’s worth putting a lot of effort into earning more when I can only use the money on Amazon 😛
Fundrise – With a minimum investment of just $500, investors of all types can make crowd-funded real estate investments through Fundrise. This means you get the benefits of being a landlord without actually having to deal with owning or managing the properties yourself. Even though we own 2 rental properties, we recently began investing in Fundrise ourselves. We love it because there is no “accredited investor” requirement, making it far more accessible for the average person than the other two options below. Follow the link above to learn more, or read our full review here.
#2. Offer discounts: Approach bloggers in your niche and send them a copy of your book. Most Instagrammers love to receive anything that’s going to make it easy for them to create fresh content. Be sure to send them a good quality image of your book cover. Offer discounts on your ebook. Writing about business or marketing? Using case studies, or other entrepreneurs as examples in your work give you the chance to reach out to those people.
I highly recommend the following Passive Income book. This book uncovers most of the latest, important and useful techniques that a professional earner uses in his projects. It is a good reference because it shows you the techniques exactly. It's not the book with full of theories rather an instructive tutorial which involves you with the real thing.
Greg Johnson is a personal finance and frugal travel expert who leveraged his online business to quit his 9-5 job, spend more time with his family, and travel the world. With his wife Holly, Greg co-owns two websites – Club Thrifty and Travel Blue Book. The couple has also co-authored a book, Zero Down Your Debt: Reclaim Your Income and Build a Life You'll Love. Find him on Instagram, Facebook, and Twitter @ClubThrifty.
Jitendra's talent, skill, and style make him one of the most qualified digital marketing gurus in India, and in my opinion, shortly in the world. I know Jitendra from DomainX event , he was very active there and I was really impressed by networking & business skills he have. I decided to work with him and he delivers his best at his work. I really like his style of working.
If you are a photographer looking to diversify your income stream, putting together styled stock photo packages can be lucrative. For example, a package of 15 wedding-themed stock photos for $10. You can then market this to any bloggers or businesses who are in the wedding business for their use (photos of different engagement rings styles are super popular). Through this method, it’s possible to make a continuous stream of income off of photos you’ve taken once (similar to a licensing deal).
I don’t make all my blogging income through them. In fact, the residual income sites make up approximately 10% of my whole writing income but that doesn’t mean they’re not worthwhile. I don’t promote a lot of my content and I don’t use the sites as much as I used to do. I also have my private writing clients who make up a good 60% of my writing and blogging income.
Residual income is the best model for money generation. Once you master and build up one avenue, you can devote your time and money into another avenue. Eventually you start reaping the benefits of multiple residual income avenues. Enabling you to have complete financial and time freedom. I recommend to all people to build these types of asset models as they can greatly improve their life.
Start Something That Matters – Book by Blake Mycoskie, founder of Toms shoes. It’s a great intro to the world of social entrepreneurship. For those who don’t know what Toms is famous for, they donate a pair of shoes for every shoe sold. In a nutshell, this book has strategies on building businesses, a heavy dose of inspiration, and ultimately makes you feel like it’s possible that your one idea could change the world.
Almost all of these ideas require starting a personal blog or website. But the great thing about that is that it's incredibly cheap to do. We recommend using Bluehost to get started. You get a free domain name and hosting starts at just $2.95 per month - a deal that you won't find many other places online! You can afford that to start building a passive income stream.
But what he’s most well-known for is being the mastermind behind the SmartPassiveIncome blog and podcast, the latter of which just reached its 10 millionth download yesterday. Last month he shared his tips on how to make passive income. Below, he tells us about his personal journey. (He also says you can say hi to him on Twitter and he’ll say hi back.)
On the other hand, blogging income is somewhat passive. We’re in Hawaii this week and the blogging income should keep rolling in. I’ll check the site once in a while, but I’ll log just a few hours this week. One week off won’t make any difference in the income especially since I have the posts scheduled. One week is just too short to make a difference.
Most workers earn income by performing tasks and receiving compensation from an employer or a client paying for services. Earned income is compensation made through active work that results in an immediate payoff. Residual income, also known as passive income or unearned income is money you receive periodically that does not require constant active effort. Passive income has several notable advantages and disadvantages with respect to earned income.
Blogging is truly the best job in the world and I am so glad I started mine all those years ago! I am not gonna sit here and tell you that it’s EASY to create a profitable six figure blog, but I am fairly confident in saying that it’s quite common to create a blog that makes $1,000 to $2,000 per month on autopilot with a year or two of consistent daily effort.
Monthly residuals are a wonderful method of increasing your income, getting paid for things you did in the past that continue to generate money for you. Those who qualify receive a check or electronic payment every month based on work completed in the past. Many sales and marketing people earn monthly residuals by selling a product or service that generates income months or years after the original sale. For example, you might sell a life insurance policy with a 10-year term. The insured pays his monthly premium religiously. The insurance company then pays the selling agent monthly residuals — a percentage of the monthly premium — for up to 10 years.
This lesson of repackaging, proved transformational for my second information product all those years ago. I took a treasure trove of writing and turned it into several multimedia forms, including audio and video. I was then able to sell the course as a multimedia driven training program. It allowed me to charge 4 times the price (of an already expensive ebook), and dramatically boost conversions.