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Instagram influencers touting some new strategies.

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YouTube ads with some shirtless guy in his garage, spewing nonsense about making millions on Shopify. It gets old.

Plus, many people through no fault of their own lack the digital marketing knowledge to make it work. Your time coaching and consulting.

Disclaimer: This article includes affiliate links which may provide a small commission to me at no cost to you. However, these are the best tools to help you make passive income this year. You can read my affiliate disclosure in my privacy policy. What is Passive Income?

Passive incomeby definition, is earning money from a partnership, enterprise, or rental property in which you are not actively involved. However, the definition has changed over the years to include money earned online that takes little or no effort to make.

Verified Purchase Wow. I was really impressed with how detailed this book was. The author went over every aspect of what you can do in online business. I'd say that it would be a great starting point for someone who is wondering how you can make money online.

For example, dividends and interest portfolio income is considered passive income. Today, when many think of passive income, they think of digital entrepreneurship: selling digital products, affiliate marketing, online courses, Google AdSense, selling eBooks, etc.

5 ways I'm earning thousands in passive income every year without owning a rental property

There are also traditional routes to passive income like real estate investing, licensing, and dividends from the stock market. Here are my top passive income ideas and strategies to try this year.

Ad revenue: Mediavine ads that pay out monthly. So how do you get started? When you think about starting a blogyou could be tempted to pick a passion of yours and start writing content.

Let me explain. To make a passive income from blogging, you need to mentally transition from being just a blogger to being a business owner.

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First, you need to understand the correct ways to monetize a blog passive income online rating on the lifecycle and age of your blog. Why Are Bloggers Failing? So how do you create a profitable blog?

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How does this factor into niche selection? Take this example. You just chose your niche site idea based on passions rather than revenue potential. I was more interested in buying beer than a digital product from a blogger.

However, if you change your niche slightly, you can reach a much more lucrative audience.

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Instead of tips for college students, what if you focused instead on learning management systems and tips for the universities themselves? Consulting: sell your time as an eLearning expert.

Your niche needs market demand, and this is discovered through keyword research. One great tool for the execution of your keyword research is Ahrefs. With their keyword tool, you can search for different keyword ideas and see how many times people search for them on Google each month.

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You can also view keyword difficulty. This score indicates the relative competition for that keyword on a scale from 0 to Try to find keywords with a difficulty score under The keyword difficulty of the keywords should be less than The search engine results for the first page should have one website with a Domain Rating DR under The top 5 search engine results should have changed slightly in the last six months.

Build Relationships with Other Bloggers. Create your first five blog posts and stop writing. Instead, focus on building real relationships with other bloggers to get backlinks and guest posting opportunities. You can read my full guide on the importance of guest blogging and how it helps build your Domain Authority. Also, remember that we are aiming to build valuable links.

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This is why the DA of the website we want to link back to us matters as well. By focusing less on writing and more on generating backlinks, you can build search engine authority and get more traffic to your website.

Monetize Your Website. Bots for options Build links to your website to increase your search engine authority and get traffic. Monetize: Add affiliate links and ads to your website to monetize your traffic. The first step on any blogging journey is getting a domain name and WordPress hosting.

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Bluehost offers all of the features needed to create a secure, reliable, and fast blog on WordPress. Start an Online Course. Over the last five years, we saw a major shift in the digitization of education.

  1. 5 Best Passive Income Ideas to Make Real Money in
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  3. ‎The Smart Passive Income Online Business and Blogging Podcast on Apple Podcasts
  4. Learn More episodes Pat Flynn from The Smart Passive Income Blog reveals all of his online business and blogging strategies, income sources and killer marketing tips and tricks so you can be ahead of the curve with your online business or blog.
  5. The average millionaire is estimated to have seven streams of income.

This passive income online rating income idea follows the same principles of launch, grow, monetize as above, but will rely on online courses as the main monetization strategy. If you have a depth of knowledge to share, people will listen to you and pay for your expertise.

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Courses can also include worksheets, homework, guides, and written tutorials. The options are endless. The online course platform you choose should allow you to manage the full education process. It should also integrate with other solutions like MailChimp and Google Analytics. There are many great platforms like Teachable, Podia, Ruzuku, and many others. Ultimately the online course platform I recommend is Thinkific.

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