Moms Online Business Coach

Everyone is a little bit lazy…

You can admit it, it’s O.K., I’m not judging you.

If you’re like me, you remember growing up with your parents saying “Money doesn’t grow on trees!”

Well, it’s not money on trees but it’s automatic money deposited every month in my PayPal account that I enjoy. In fact, just today I dropped the kids at school, went for my morning walk to clear my head and get my focus for the day while getting my blood pumping, came home and sat down to find an email waiting for me telling me that $234.00 had been deposited into my PayPal account.

Now, that’s not a lot of money but it’s better then nothing and the best part is, it’s for something I spent 30 minutes on about a year ago. So, there is my inspiration for my blog post of the day- how YOU can use your blog for passive income.

First, let me tell you what my personal definition is of passive income. I consider it something I set up once, I spend a little chunk of time on it at the beginning and then it keeps earning money without any additional work from me.

Passive Income Strategy #1 – Build Your Email List

There really is truth to what you hear all the time “The Money Is In The List”. I also admit, I stretch the “set up once” with this one but because it’s so crucial to any business, I’ll explain. It takes you once to set up an optin box, a place to collect email addresses, and you can set up your autoresponder emails once and this part is done. But, the important part is building a relationship with your list so you do need to give it some ongoing TLC, but the set up can be done once. The best part of this passive income strategy is it’s cheap to start (like $20.00 cheap), you don’t need to know any techy stuff and there are plenty of quality resources like Magnetic Listbuilding, that walk you through every step of the process.

Passive Income Strategy #2 – Affiliate Products and Promotions

If you complete the Passive Income Strategy #1 you are in the prime position to start earning money by promoting affiliate products or services either to your mail list or blog. Again, write one email or blog post promoting that product and you will earn a commission when anyone buys. Blogging and affiliate marketing go hand in hand but you will need to decide on your overall strategy. For example, do you want to have lots of little blogs promoting various niche affiliate products or do you want one main authority style blog within one niche. My favorite place to talk to people about blogging and affiliate marketing is at the Elite Forum where I mastermind with other blogging affiliate marketers.

Passive Income Strategy #3 – Advertising

If you are getting good traffic to your blog or newsletter, offer complimentary businesses the option to pay you to advertise. As long as they are services or products your readers will find useful and on topic, it’s a win win for everyone. You get monthly income from their advertisements, the advertiser gets exposure to their target market and your readers don’t have to spend their time searching for. Do some simple Google searches in your niche and send an email to the website owners that appear in the search results.

Passive Income Strategy #4 – Your Own Informational Products

Everyone is an expert in something, even if it’s just the best way you found to wash your cat without having your arms shredded. If you aren’t a writer, create a video, interview someone and record it, just look around you and see all the various ways people are selling what they know. Do you crochet? Sell a pattern you created. You set it up once, put a backend system in place to take payments and deliver the product and it’s done. Sell while you sleep!

Passive Income Strategy #5 – Publish Your Blog To Amazon

This one I think is quite cool and I just read a great blog post on how to earn passive income by publishing your blog to Amazon Kindle. I personally have not done this yet, but I can assure you, I will be looking into it!

There you go, 5 Passive Income Strategies. Did you notice that I used Passive Income Strategy #2 by recommending a few of my favorite resources? If you take my advice and purchase any of those products I do get a little milk money but they are all products that I personally use so that’s why I can recommend them!

Now, take action by looking at your business, blog, newsletter and evaluate if you can add any of the above to get a little extra milk money for you too!

Regards,

p.s. If you have a passive income strategy that you use, leave a comment below.