How To Make 100k A Year In Passive Income

Making money online is becoming increasingly popular, as people discover that there are many ways to earn income while sitting at home. Gone are the days when you needed an expensive computer or software to start creating your own digital products and businesses. You no longer have to invest in expensive marketing tools either, as technology makes it possible to create a wide audience for yourself without too much investment.

Making money online is a growing field that has exploded in popularity. There are now thousands upon thousands of websites where you can generate revenue by putting out content you produce and then monetizing it through advertisements, affiliate programs, or both. It’s easy to make extra money online, but only if you are careful about which strategies you use and how you manage your time.

There are several routes to financial success with making money online. Some are more lucrative than others, depending on what you're looking to achieve. The two main types of income are passive income and direct sale income. With passive income, your workload goes down, and you get paid even while you sleep. Direct sales work involves going into a company's location to sell their product, or developing and selling your own product.

Buy advertising space

how to make 100k a year in passive income

Advertisements or advertisements are something we as humans spend a lot of time watching, listening to, or reading. They appeal to us because they tell you what product or service someone wants you to purchase.

For example, if you were buying a car, you would look at all of the advertisements for cars to determine which one looks the best and has lots of features. Then you would find out how much money each advertiser spent to put up their advertisement and choose the richest one.

This is similar to what most people do with advertisements online. You get paid to read ads that refer to products and services you already know about!”

There are two main types of advertisements: sponsored content and display ads. Sponsored content means there is a company paying an article writer or blogger to write about their product or service. Display ads go onto the page/site where the reader will see the ad.

Start a YouTube channel

how to make 100k a year in passive income

Starting your own business is always a great way to make money. Creating and hosting a video that teaches others how to do something can be catchy, attractive, and profitable.

If you’re already creating videos then start making more of them!

Your potential audience will watch your videos because they want to learn what you know, but they also need someone like you to show it to them. If you’ve been thinking about launching your own channel, now is the time to do so.

There are plenty of ways to make money online through YouTube. It is not limited to just teaching people new skills either – some create educational content while other brand their channel as entertaining or motivational. No matter what genre your material falls under, you should never hesitate to promote yourself and your expertise.

Convert your channel into an income stream by adding sponsored segments and/or promoting products related to your field.

Start a blog

how to make 100k a year in passive income

Starting a business or investing in a side income is always better than quitting your job and spending all of your time working without any more money to spend! Becoming an online writer is one of the best ways to make extra cash fast.

There are plenty of sites where you can start writing about anything from fashion to politics to fitness – it depends on your style and what people want to read.

Running your own website is another way to begin, by using a free web hosting service such as WordPress or Blogger. You get to control everything about your site (such as how many pages you want it to have), which themes you want to use, and how much you pay for this service monthly.

Making over $1,000 per month easily is possible with a good amount of readers. Many websites let you promote posts for some fee, or giveaway products related to your blog topic for even higher rewards.

Offer a service

how to make 100k a year in passive income

One of the easiest ways to make extra money is to offer a service, or do something that you have been doing for years but now you can market and sell it. You could be offering your services as a accountant, designer, writer, etc.

The best way to gain momentum with this income source is by having 1 or 2 main clients who are loyal and refer you to their friends and colleagues.

By giving away your expertise to others, you get exposure which may lead to more business, and thus, more income.

Having additional income sources is an excellent way to boost your earnings.

If you want to earn serious money through providing services, start looking into what industries need help and what skills they require. Some areas that many people don’t know about are knowledge-based careers such as writing, accounting, and marketing.

Running your own tutoring business, teaching courses at a university, or starting a freelance writer’s site are all great options. A lot of people are unaware of their potential revenue so there’s a plenty of opportunity to profit.

Sell products

how to make 100k a year in passive income

A while back, I wrote an article about how you can make money online without doing anything else but selling products. You can pick from any number of areas to do this, including your own domain, Amazon, Ebay, or even starting your own site!

In that article, I talked about some ways to go about picking a product to sell and how to find out if it is worth investing in sales strategies for it.

Start a podcast

how to make 100k a year in passive income

Starting your own podcast is one of the best ways to make extra money online. You can do it from anywhere, all you need is a smartphone and an internet connection!

It’s no surprise that people are passionate about audio content – we spend lots of time listening to music, talking on the phone, and getting educated at school, work and home.

Businesses are always looking for new ways to get their messages across so how could they not tap into our natural desire to listen to things?

By creating a podcast, you start by choosing a topic you are interested in and then produce educational audio lessons related to that topic. Business owners and professionals pay to learn more from you so they have to read your material first before coming out to meet you!

Your audience will form relationships with you as you educate them while also gaining additional income which both parties benefit from.

There are many free platforms available where you can launch your podcast including KakaoTalk, Stitcher and even YouTube.

Start a tutoring business

how to make 100k a year in passive income

Starting a tutoring business is one of the best ways to make big money with little effort. There are many resources available to you, and most come with free starter packs or good quality materials to help get your tutoring business off the ground.

Tutors can be anyone from college students looking to earn some extra cash to working professionals who need assistance with their career skills. Almost every area has someone that needs help so there’s almost no limit to where you could start teaching.

The hardest part about starting a tutoring business will probably be deciding how much per hour you want to charge. You should look into what people’s budget ranges are before choosing a price point. Some students may not have enough money for you to make a living off of, whereas others may have lots of money but still feel paying too much for a lesson is unfair towards the teacher that paid less.

Become a teacher

how to make 100k a year in passive income

One of the easiest ways to make big money is to become a teacher or recruiter for a school system. There are many schools that need recruiters, educators, or teachers every day!

The salaries are good too – most earn more than $20,000 per year. Plus, you get benefits such as health insurance and retirement accounts.

By being a professional educator, you will be helping future generations learn and grow. At the same time, you will be earning a solid income. A lot of people have made their fortune by creating products they sell to others to use them. You could do this!

Creating educational materials like teaching courses, books, and apps is an excellent way to start. By offering your services as a teacher or recruitment agent for a company that offers education opportunities, you can make extra money.

Running your own tutoring business or serving as a mentor to students is another option.

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