What is passive income? Well quite simply it is ways to make money with little recurring effort. As the name suggests it is passive. However, many people often mistake passive to mean it will happen without doing anything ever. This of course is a total fallacy. Often there is considerable effort involved in establishing a system or developing a product, but once created it will keep turning over of its own accord with little input required from you; perhaps some ongoing maintenance.
The most obvious sources of passive income are royalties from music or books that you have written. However, not everyone can write a best seller. For many the concept of having a regular income with little effort seems a panacea. In reality few attain it. This article is going to look at ways that you can achieve this dream using the internet. The key is to find or develop a system that works and then work it.
Many fail in this area because they are not prepared to put in the initial effort required. Or worse, they get started but because results do not come quickly they think it doesn’t work and so they give up.
Be assured it is possible to earn a regular income and a considerable income at that from the internet. This does not involve scams or spamming people but through providing genuinely valuable information to people and products that they can use.
So let us look at this in more depth. Just what exactly are we talking about? There are many products available on the internet; we live in an information rich age where you can access information on just about anything. People are crying out for constructive advice that works. To generate a regular passive income you need a system that will do the following:
Find products that people want to use. Here the most important aspect is to find a product that meets a need. Consider what it is you want to achieve and always, always think about it from your customer’s perspective not your own. The best products for truly passive income are those that can be downloaded, so electronic products are best. For example, audios, dvds, ebooks or games.
Establish an automated mechanism whereby your customers can easily access the product they have bought. This needs to be secure so that only people who have paid for your product can access it, and safe so that your customers do not inadvertently download a virus alongside the product. Here you can use cloud storage to store your product and provide a safe download link for your customers.
Make sure the product will give you a good return. You are looking to generate passive income after all so you must ensure that you will make a profit from each product sold. The most successful products are those that are inexpensive. Go for volume over price.
Next you need to develop a sales page for your product that clearly describes what it is and how it will help your customers. It can be very effective to use a video that describes and shows the product in action. You do not even have to pay for such a website there are many excellent website providers that offer you a high quality site for free.
Finally you need to attract interested buyers to your sales page. Pre selling is the most effective way to maximise your sales. There are many ways you can achieve this, through the use of blogs or advertising campaigns that first give out a free product that is of value to your customers. This builds trust and your customers will already know you provide quality goods and so will be half way sold on your product before they even look at it.
Follow these simple steps and once the system is set up you can sit back and enjoy watching your income grow while you decide what product you are going to develop next.