70 Ways To Make Passive Income Online! The Best Strategy for This Year

A lot of people who make money online are doing it through passive income because it creates more time, freedom and it gives you a chance to do what you love instead of spending all your time working. I will not cover 70 way to make passive income online but what am gonna do is, I will cover the best way to make passive income online, you can still make  6 - 7 more figures doing this. I want to show you 5 different way to do it yourself.

1. Gift Idea Website

this's something you can do and make a really nice passive income, one example of what I mean by this is, let say you go towww.thisiswhyimbroke.comyou will notice that they havegiftfor men,giftfor women, Geeky stuff, gift under $20.you will see all kind of wild stuff that you can buy, gift idea stuff that you might want for yourself, they have flying alarm clock, motorcycle helmet, rainbow cloud floating bar, wireless car backup camera system, things to give you something to do when you are bored, things for your dogs, things for technology related stuff, video games and many more.when you look at some of this product you will notice that there is a picture of it and a description that is 200 long, the price of it, how many sales it as and how popular is it. and there is a button that sayscheck it out, that button that sayscheck it outusually go to an affiliate page.so what you could do is set-up an affiliate link and haveproductthatarerelated to certain type of gift idea and then when people click on that idea to get it, you will get a commission when they do. so you are helping them find cool gift idea.there is all kind of holidays all throughout the year, you could even have a separate site for each main holiday if you want or you can have them all in one place. but you need image or video, let me just click one for example.as you can see, you need an image that shows what it does or maybe you have a video that shows it in action, you could have a quick little description on the right side that said these what it does and the price, click this button to buy it. many of this button go to Amazon pages or to other affiliate pages, when you get 15 to 20% of whatever that product cost and you do a new few product a day, if you follow thesewhyambrok.com you will notice that they usually post like 5 to 10 new things every single day. that is how they make money and they get a ton of traffic every single day.is like you are helping people for gift idea when they try to think of stuff to get for their family and friends, you are not doing any kind of something that could come back and bit you in the future, you are just running an affiliate business and making passive of income,you might post a few things a day or a week and people can go to your page all the time and click a button to check the stuff and then when they desired to buy, yougetpay. you need to have your own website to do this,  or you could try it with LinkedIn publishing.

2. Sponsored Podcast

you will notice that celebrity and other people are creating a podcast and the way they make money from them in many cases is from advertisement, they have at the being and the end of the podcast. one example isThe Tim Ferriss Show podcast.he is very popular, he basically interviews people that are good at all kind of different things and then break down what they do and how they get started so that you can use some of those in your daily life.is a very popular podcast and you can go toFerrissblogto check out is stuff, if you go to his actual episode you can listen to any of it, is free to listen, is usually like an hour and you will learn a few things in each episodebut you will notice that at the being he usually as two ads slot. like a radio commercial with 30 seconds or a minute long in each, is like investing service or audio book from Amazon, those are the different type of sponsor he does and they paid him for just advertising on the podcast.you don't need to worry too much about reaching out to all these people about getting them to put ads on your podcast, all you need to do is just build up the podcast. so do like an episode a day just you would on a blog or youtube channel, is just a different medium is something wanna do consistently or at least one a week usually like on Friday.you can have a show note page which is helpful so if you mention a lot of stuff, Tim Ferriss as a show note page, you could get even more traffic and more sponsorship by having whatever link you mention and people you mention in a show note page on your website.another thing you can do is post your podcast episode on your youtube channel, that is another thing Tim Ferriss does, he does the cover of Tim Ferriss show and a picture of who his interviewing, you just need to listen to it you don't even need to watch it. is just another medium to listen to it for free. is also a great way to make money from ads on youtube.

3. Create A Review or Unboxing Youtube Channel

the reason I said reviews or a product unboxing channel is because this can last forever, and is better than a regular youtube channel, they are sustainable, you will always have new content to review because there is never gonna be a lack of product and services.the world is full of business and company that will always gonna be creating new things, they also tend to make you more money per thousand views on youtube than just entertaining people and be funny. we have channels like Best New Vines or YTLaughwhere they basically do a bunch of funny stuff that will entertain you, but they have to have millions of views to make as much money as they do, because they don't make a lot per thousand view, they are not competing for competitor keyword that advertisers want to put their ads on.is all about the advertisers and that is the main way you make money on youtube, one example of somebody who does a review channel is Chris Stuckmanhe does movie review and whenmoviegets popular, as soon as they come out he does a review of them he give people a reason to avoid or watch the movie, he gets a lot of subscribers and million of view. things about movie reviewisthat they probably don't do as well per thousand views asreviewoftechnology.some other channel is Ryan Toys review, some of this channel make $100,000 maybe even millions just doing like toys reviewthis one as 8 million subscribers, these kids, and his parent do this toy review, they get millions of view and is entertainment for the kids, there is not gonna be a lack of toys been created and you always gonna have the stuff to talk about, people always looking to buy toys for their kids.if you are doing like how to video or if you are just trying to entertain people you might run out stuff to talk about. or you could do what Marques Brownlee does.he reviews technology, technology will make you the most as far as doing review, he get million of view per video now, because he as 5 million subscribers, when you have that amount of subscribers and you are getting a million views per video and you just reviewing all this technology that is coming out all te time, you will make a lot of money because advertiseraregetting more and more people to buy their phone, laptop, and cars, so they  gonna be putting lot of ads on youtube for this stuff. meaning, they who be competing for ads space on your video and that will be making you more revenue.to find te stuff that who get you the most money and ads revenue and to figure out what type of stuff you should review, I recommend you usingGoogle keyword planner.you can sign-up for Google ad word is free and you can use the keyword planner by going to Tools and click keyword planner in the dropdown and then type in iPhone review or technology, whatever type of technology you might be looking at.see how many average monthly searches they are, as long as they are 10,000 or more that might be a good keyword or topic for your channel. you want your suggested bid at least over a dollar probably around $5 or more if you can, much time if you do a video about technology or you review like software or services for business, you can get that up really high, your suggested bid is actually what advertiserarewilling to pay to advertise on your video.

4. Publish Ebooks sing Ghost Writers

you may think of never to do your book because it takes you forever to write it, you don't have time, you are not a good writer, you don't actually have to write your own book. I have actually seen people build 6 figure business by having other people write books for them.what they do is to market it, they post it on Amazon, sell it as an ebook, they will do the description and review, they will drive traffic to it. but the writing of the book is done by someone else. you don't know who, because that is what they are, they are ghost writers, they are not supposed to be mention as the actor.you paid them to have it writing for you without them taking credit by having your name on it. to see some book ideas jus go to amazon.com select Kindle Store and click search and you will see the top Kindle store book right now.if you want to do this, I recommend you do non-fiction, focus on non-fiction, things that help people with big problem, you can do all type of stuff but make sure is non-fiction, if you do non-fiction book, is easier to give the writer some note and have them write the whole books for you than for them to come up with something from scratch. you can use Amazon to get some idea to see how many reviews the top result have and also get an idea how competitive the topic is on Amazon because that is the main place you gonna be selling books. you can go tokdp.amazon.comto post your book.you can find ghostwriter on a freelance site likeupwork.comand type ghost writer you will see people and what they charge per hour for ghostwriting and their job success, their location, what theyhaveearn, and you might even interview them first if you want. These people a lot of time do it for a living or as one of their biggest side income stream. sellingebooksand not writing them yourself can save you a lot of time, can help you get more sales and allow you to produce more books.

5. Sell online Course That Teaches A Skill

if you are good at certain skills, let say you know how to do something that you learn in school, something you good at it naturally, something you did as a hobby, or maybe you did something as a job and you have a certain skill, we all have a certain skill. you can teach people how to do those things in your own way without having to sacrifice your time.the whole point of this is passive income and if you are going to do passive income while teaching, you need to do some source of online course. basically, you make a video where you show people how to do something step by step, if you want to do this without your own website there are couple places I recommend isudemy.com udemyallow you to make money from posting courses and you can just become an instructor by click start teaching at the button there or click become an instructor at the menu bar. that who allow you to go through the process of doing your first course. you can see some different one as an example here.another one that competes directly withudemyisteachable.comwhich is more like a membership payment, but you will still make a lot of many for the amount of time people spend on your course, you could even post on both of themudemyand teachable are the biggest one for posting course and you don't need your own website to do it.but they take a little commission of you posting the course with them, another thing is, you can do it on your website and host it there, but there are some problem that can come with that, so be careful, if you gonna collect payment do it with PayPal or another way. but make sure you do https instead of Http as your domain if you want to secure your website have a webmaster to do that for you. so that when people give you information to take your courses, they will not worry about whether is secure.And if you want to see an example of a company that does this very well selling online course that will bedigitalmarketer.comis a marketing related course as you can guess, is about mastering difference type of traffic, social media, search engine marketing, they have something thatarein between around $500 and they have some other one that is even cheaper. you can see their sales page for more details to get an idea how they even sell their expensive product. you might even wanna take one of this course just to see how they sell it so you could sell your course better.ConclusionI will like to add more to my list above but this article will be very too long for you guys to read, because I receive email from my reader that my article is long, I know Google will be very happy about the long article, but I don't want reader to bonus back and lose traffic if they can finish reading the article . I like to give more understanding fornewbiewho is just getting started online and that is the reason why many of the articles on this blog are very long.but you can also add some other way to make passive income online by using the comment box below, I hope you learn something new from it. see you on my next update.......