Are you stuck at a job you don’t love, doing tasks you hate? Maybe you don’t mind your job, but wish you could work from home and be your own boss? Even better, what if you could create passive income? Do you wonder how to make a passive income from home?
The number 1 problem you’ll encounter if you search the internet for how to make a passive income? How do you know what will work for your unique situation. Keep reading! I’m going to share what I’ve found is the answer to how to create passive income from home!
What is Passive Income & Why Should You Care?
You earn active income when you get up and go to work, accomplish tasks (hopefully), and return the next day and repeat. Usually, you continue to earn your paycheck as long as you keep on working. But, if you stop doing “work” or stop showing up, eventually the income will STOP.
Passive income, on the other hand, does not require YOU to be actively engaged for the money to keep flowing in. You earn a regular cash flow even when you aren’t actively participating. A good example of passive income is the cash flow from rental property. You own the property and have to maintain it, but month-after-month you will earn rental income, as long as you have a tenant, of course.
Why should you care about passive income? If done correctly, you can set up a passive income stream and be able to rely on it indefinitely. There will be some maintenance, just like with a rental property. You can even expand it and see growth (just like getting more rent for remodeling the rental). Interesting, right?!?
3 Reasons You May Be Wary
Before I get to my 3 easy steps to making passive income at home, let’s confront those concerns you might be having…
First – do you have to have money to invest to make passive income? Well, for some methods you do – like rental property. But there are other ways to make passive income with little to no investment!
Second – how do you know if you’re getting scammed? Scams are everywhere today. Every time you turn on the news you hear of some new scam, breach or hack that has cost people tons of money. I’ve found the only way to make sure an offer is legit is through taking time to learn all you can about the opportunity.
Third – you’re already busy, how will you have time to create a new income stream? That’s a good one and the reason I delayed starting sooner. I’ve got some helpful tips below! Note: this post contains affiliate links (just basically means that if you buy something I recommend, I may earn a small commission – thank you!). Please read my affiliate disclosure for more information.
Here Are My 3 Steps To Create Passive Income!
I’ve been very interested in creating a passive income stream for quite a while. I’ve scoured through blog posts and Pinterest pin ideas, learning as much as I can. I’ve written a couple other posts that provide more background reading: check out 6 Online Home Based Business Opportunities and How to Make Money on the Internet for Free.
Here are the 3 steps that I’ve used to create passive income:
Step 1: Buy a website domain (or get a free one!).
Step 2: Start a niche blog.
Step 3: Monetize your blog with affiliate links.
Now, it isn’t a get-rich-quick path to passive income. It is a lot of fun though! I’ve learned so much and met so many interesting people since I started blogging.
How did I do it? I found a platform that guides you through each of the 3 steps, one-by-one. That’s exactly what I needed to start my business!
Anyone Can Do It!
If I can do it, anyone can! No seriously, you might hear that a lot, but I mean it this time :). I’m good with the computer, but I don’t know much about how the internet works. I haven’t always liked to write… but through practice and studying other bloggers, I’ve learned how fun it is to express myself!
Like I outlined above – I was wary of starting a blog because I didn’t have money to waste, I didn’t want to get scammed, and I didn’t have any free time…. I did a lot of research and I’ve found what works! I’m excited to share my ideas because – anyone can do it!
Next Steps: Do Your Own Research
If you are interested in learning how to make your own passive income, I encourage you to do research so you are confident it’s for you. Here’s a few places to get started:
Check out my review of Wealthy Affiliate. I highly recommend this platform that has tons of resources for learning how to make money with your blog! With Wealthy Affiliate – you can learn how to start your business following my 3 steps:
Step 1: Create a free website (or two) inside WA! Not only can you design your new website, but you’ll be able to watch training videos that will step you through the entire process.
Step 2: With your new website, you’ll start your business with your niche blog! What is your niche? It’s your area of expertise, some subject you love, an idea that you want to share with the world!
Or maybe you aren’t that passionate about it … lol! I will help you find your niche & start your new business!
Step 3: And here’s the really fun part! You will monetize your niche blog with affiliate links. What does that mean? It means companies large and small pay “affiliate marketers” a commission to advertise their products on niche blogs. Really!
So, really, if I’ve sparked an interest – do what I did when I learned about this business opportunity = do your own research. I have more posts and information about affiliate marketing in these posts (check them out too!):
Click the banner below to see even more about Wealthy Affiliate – tons of resources, really, everything you need!