by Hoogie Espinosa . September 8th, 2014
I’m gonna give you two juicy words today: “online” and “passive.”
Drop shipping is a way for you to fully automate a retail service. Your only job is to connect customer orders to the manufacturers, who will make and deliver the products for you. This can obviously be fixed so that you only have to manage the sales once in a while, and just have to check on them semi-regularly.
A huge thing that other people do is make ebooks. If you’ve got knowledge, share it. Write something down and publish it, cause it’s a whole lot easier than publishing a real life book. You only have to write once for every book, and that’s it. It’ll be available for sale forever, and you just have to wait.
A more hip version of a ebook is an ecourse. Lots of people these days are looking for an alternative source of education, whether it’s someone that just wants to know more about something, or maybe someone not happy with their college course choice. Whatever the case, they’re quite hot. People go on sites like Coursera, Skillshare, Udemy, and Khan to learn skills they’re interested in. If you’ve got a skill you believe someone would want to do, go ahead and start teaching.
Are you a creative hobbyist? Do you like taking photos or making music in your free time? Maybe you doodle around to make the time pass by. A mistake that a lot of people do is to not monetise their free time. You can earn a whole lot more by charging for what you do anyways on a daily basis.
This is the one that could make you feel like cheating. If you own a vlog or a podcast, what some people do is batch lots of episodes together, and sell them as a bulk. Call them seasons or whatever and monetise. After all, people pay for convenience.
This one’s quite active, but I’m putting it here because it’s quite interesting. It’s a process that’s existed for a really long time off the internet, mostly with garage sales and flea markets.What this is is basically looking for things that are grossly underpriced, repackaging them, and reselling them for a much higher price. This happens with a lot of sellers in eBay who just don’t know the true price of what they offer. You could make this passive by not taking it seriously, and just going with the flow while you shop for yourself.
And that’s it. 9 ways to make passive income through online businesses.
Is there a way to make money that we didn’t tackle? Let us know through the comments below.