7 Proven Ways To Make Passive Income Online

Passive income can be defined as, income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.”

A big portion of why I first decided to become interested in making money online was because it allows you to exponentially grow your income

This unique capability of the internet’s reach is unlike anything that has existed only a few decades prior. 

Remember things like the ‘Texas Oil Boom’ or the ‘California Gold Rush’ in America back from your history class? You see, the internet and in essence, creating revenue streams online is the same – IF not bigger. 

So, if you wish you would have lived during Rockefeller times and also, been smart enough to realize your opportunities to dramatically change your economical situation – you want to be investing in creating an online business!

Or, for goodness sake, even a side hustle :).

Can you tell how passionate I am about this?

But don’t write me in a few years, telling me I didn’t give you a heads’ up. 

This is your heads up if you haven’t taken any action yet and don’t have an online business yet or, started on one.

You might be confused as to what exactly you want to be doing and why.

That’s why I created this blog article.

It’s for those of you who understand the opportunity, want to take advantage of it but are still a bit confused about which road to take. 

So, here’s my list of 7 Proven Ways To Make Passive Income Online

Why am I talking about ‘passive income’ in particular?

Because I’m a big believer to create a smart business that’s working for you in 6 months, 1 year, 10 years,… heck! Regardless, right? 

I mean, if you can take your family on a luxury vacation to French Polynesia for a month, watching your kids play in the sand on the beach while sipping on a Mai-Tai and kissing your significant other during sips and all that WITHOUT having to worry about money because you got your financial shit and business together…

Copyright: https://www.funjet.com/destinations/tahiti

Well then, in my book, you’ve done something right ;).

So… that’s why I am using the words ‘passive income’ even though some of these options might not be passive right away – they VERY WELL have the possibility to be so IF you’re doing things right.

NUMBER 1: AFFILIATE MARKETING

Say you don’t have a product. 

You’re not keen on teaching. 

You’re not keen to write or produce or create something you can sell.

What to do? 

You can use other people’s awesome products and promote them. 

Promote them how???

That’s where it gets tricky. 

[A] You need to educate yourself on how to grow an email list, how to form a trustworthy relationship with your list and different traffic options. 

[B] You also need to watch out for promoting the right affiliate products.

What are the right affiliate products?

  • Products were somebody has to sign up on a monthly subscription basis. Why? Because this creates RECURRING revenue for you *duh*!
  • Proven products that actually solve a real business need. My favorite? Business software. 
  • Companies that agree to pay out a minimum commission of 30% on each product sale. {Granted if you’re i.e. promoting fashion or technology items, it’s okay if the commission is lower and that’s okay since you’re promoting more higher end items.} However getting a commission of 3%… don’t bother.

BONUS TIP: 

My personal favorite affiliate programs where I’m making 80% of my monthly affiliate commission from are:

For more cool tools or softwares you can promote, check out my related article: https://corneliapauline.com/2019/05/31/6-best-digital-marketing-tools-to-grow-your-business-online-in-2019-fast-intentional/

FINAL SIDE NOTE:

There’s one very real danger to Affiliate marketing and that is that your affiliate partner is in control of the product.

As such, he could shut it down at any given notice. Granted, if you find a reputable company that won’t happen. Regardless, I only recommend to invest in this option as a side income or an initial starting point and then, move on to one of the other options. 

NUMBER 2: ONLINE COURSES & PROGRAMS

Some might argue that you couldn’t create passive income with those but I beg to disagree. Why?

Well, first of all it depends how you’re promoting these online programs. Are they connected to a personal brand – YOU – then, it might be a bit harder to create truly passive forms of income out of them. 

Regardless and once you’re getting to a certain sales level with your courses, you can outsource pretty much near everything! 

From customer and tech support to your students to community managers and more. Some online course creators I know never think about this but it’s truly possible.

Also, when structuring out your courses and BEFORE even launching them, think about how much you personally want or need to be involved in the program to help your students facilitate the desired transformation.

Are weekly one-on-one coaching calls really necessary? Or, can a supportive and exclusive Facebook Group solve that?

Be mindful and strategic about your time.

Think ahead to how you want to be managing the course AND how it fits within your overall business. Then, create it accordingly.

FURTHER INFO: 

If you feel like you’re dying to create an online program or your current one doesn’t seem to be working, stay on the lookout for my new program launching this August – Rocket Launch Lab. Oh and be sure to get on the waitlist to receive $500 OFF the beta launch ;). 

Rocket Launch Lab Waitlist Sign Up Form:
https://funnelgal.com/rocketlaunchlab-01 

NUMBER 3: BLOGS

Yep. Blogs to me can create an amazing passive income stream once you’ve built them up.

Granted, blogs compared to the other previous forms of income take a few more years to build up. But they are amazing money-making machines if done right!

Copyright: https://brandongaille.com/blog-income-report-study/

Some tips when it comes to blogging are:

  • You need to be blogging in a niche and have 1 particular reader in mind.
  • You need to be posting about 20 blog posts a month during at least the first year to create some momentum for your blog.
  • Your blog above anything else needs to be SEO-optimized. That’s where you will get most of your organic traffic from. 
  • Design should never be a main focus for your blog. Quality content should always come first.

And guess what?

You can outsource a shit ton with a blog from hiring a Pinterest manager to create and distribute pins for you to acquire organic Pinterest traffic to hiring SEO-focused blog writers, a brand partnership sales person and more. 

If you love writing and you know you can be consistent when it comes to it – a blog for a specific niche might be a great opportunity for you.

And just to tell you a little story, I met a super humble, cute mom blogger from a tiny town in Arkansas during a conference I attended in Las Vegas that I spoke at. 

Within 7 years, this mom blogger pretty much 10x her husband’s income, allowed him to quit his job and all of them and their 5 children are living off of the growing income of her niche blog! The coolest thing? Her blog is growing on autopilot right now – as is her income. 

If you think 7 years is a long time to grow a business… How about spending 40 years at a corporate job where you could get fired any time and the only income growing opportunity is to be hunting down the next promotion? 

Your choice.

NUMBER 4: CREATE AN ONLINE B2B SOFTWARE

Now and in regards to this passive income option, it depends how ambitious you are as a future software founder :). 

If – say – you’re shooting to achieve multi-multi-millionaire status, your ‘passive income’ might come from you selling your company. Then, investing your money and living off dividends or profits from businesses you’re invested in.

This option is great for someone that has been in the online space for a while and has been noticing a need for a particular business service to solve a pain point which can be done through a – you’ve guessed it… software.

The amazing thing about this nowadays is that I know quite a few founders who aren’t engineers by trade, nor do they know how to code.

But they’ve either partnered up with somebody that can help them realize their vision or, hired somebody!

There’s also no need for taking on venture capitalists or angel investors nowadays. Unless, you know how to play that game and want to. A solid launch strategy and knowledge about digital marketing is all it takes.

The coolest thing about most B2B softwares? They’re creating a recurring passive income from monthly users for you.

This is a great further read if you’re into this option: https://amzn.to/31sTHJB

NUMBER 5: BUY AN ONLINE BUSINESS

Another great way to generate passive income is to buy an already lucrative, built up online business and/or website. 

This is a lesser known option and it does require some background for how online businesses function. You want to be aware of all of the potential pitfalls a specific online business could bring about with itself. Not only that, you want to know the whole history behind the business before buying it. 

So, yes, this one is for the more experienced online entrepreneur among you guys. 

Where can you find online businesses and websites to buy? 

Here are only a few options: 

Flippa – https://flippa.com/

Exchange Marketplace – https://exchangemarketplace.com/

BizBuySell – https://www.bizbuysell.com 

FE International – https://feinternational.com

Empire Flippers – https://empireflippers.com

NUMBER 6: CREATE AN E-COMMERCE STORE

I’m going to include everything e-commerce after this point, cool? 

From – To: 

  • Doing Amazon FBA, 
  • To selling Wholesale on Amazon, 
  • Creating and selling books on Amazon,
  • Creating a Shopify store and manufacturing your own products,
  • Dropshipping,
  • Etc.

Pretty much, whatever requires selling physical goods of any kind in any shape or form online.

When it comes to creating any type of successful e-commerce stores, it honestly comes down to one word. Ready?

RESEARCH.

Research is going to be your best friend because I’ve found the most successful online e-commerce businesses to have followed the rule:

Market → Product = Fit

{Instead of: Product → Market = Fit}

So, if you can identify a market or need for a product and know a way to make it better or more awesome, etc. go for it!

This option does require one of the highest starting capitals (besides buying an existing online business, of course) but it can be very lucrative. And the best part?

It can create some pretty badass passive income for you for YEARS to come! Not only that, successful e-commerce owners have an easy time exiting and selling their online stores. Another plus for this passive income option. 

TIP:

The best platform in my opinion to host and create your e-commerce store on is by far Shopify. 14-Day Free Trial here: https://www.shopify.com/?ref=gys-llc

FURTHER READ:

If you already have an existing e-Commerce store, one of the best tips I can give you is to double down on your retargeting strategy. For that purpose, I’ve created another blog post a little while ago where you can steal my best converting Abandoned Cart Email Template:

NUMBER 7: BUILD A BRAND OF ‘YOU

“But Cornelia, that would mean that I always had to be doing stuff and engaging with my audience, etc. How is this passive?”

Yes, this point is totally arguable. I agree.

However, there is one thing why this option falls into a passive income category for me. 

Nobody can take away your own brand from you. 

And that’s something you can not argue with me with :).

Think about it!

Every software could crash, Amazon could tank (hey, it could happen ^^), Facebook could be shut down (sorry, Mark!), etc. 

BUT the one thing nobody can take away from you is if you’ve created a successful brand around YOU and built up a loyal fanbase. 

Copyright: https://upcity.com/blog/why-every-agency-owner-needs-to-develop-a-personal-online-brand/

So, I urge you to consider doing this at least in some shape or form in addition to what you’re already doing or deciding to do. 

A great example of somebody that has been doing this is the fashion entrepreneur, Danielle Bernstein.

She’s an A class example of someone that has created a personal brand around herself for years before creating, manufacturing and selling her own clothing brands online.

And you know something?

Danielle NEVER has to worry about excess inventory! Never. She is always selling out during each new or repeat product launch!

Not only that, she’s recently partnered up with a CBD company who wanted her for – you’ve guessed it – her personal brand’s influence. Passive income opportunities are endless for her!

To conclude, having created the right kind of influence online with the right kind of audience is one powerful weapon. 

Okay! That was a long blog post but I hope you’ve found it incredible valuable. 

If you did, be awesome and tag me in your IG Stories @corneliapauline , letting me know which part of this article or tip you liked the most ;).

Have any questions? Leave a comment down below and start the conversation. Oh and of course, don’t forget to subscribe to my blog for more awesome posts to come soon!

Let’s do this!

~ Cornelia Pauline

P.S. This article may contain affiliate links which may result in my being financially compensated for purchases site visitors make through said links.

The 10 Mistakes People Make On Fiverr That Keeps Their Account From Becoming Successful

A little while ago, I received an email from a new student of mine from my digital course program Fiverr With Focus, what I considered being the TOP 10 mistakes that I see sellers make on Fiverr that hinders their success.

I thought that this was such a great question that I decided to make an article out of the initial email I sent her.

So, let’s dive straight into the ten things that I keep seeing that new and already experienced (but not successful) Fiverr sellers and often times Freelancers on different platforms make on a regular basis.

1) Focus on a fast turn-around rather than a quality delivery of services.

Some sellers want again want to find the easy way out. They get on Fiverr with the silent hope that it is going to substitute right away the income of their dreaded job or that they can sell services on Fiverr that they think are relatively easy but well, that no one needs.

Or, they sell services on Fiverr that are fast but that they are not even good at. What follows is frustrated reviews from buyers, cancelled orders or being stuck selling basic $5 gigs.

Facit: If you can’t provide something, don’t freaking do it. You hurt your own reputation with not only it but also the reputation of Fiverr overall!

2) Don’t communicate with a buyer like a human being.

This one always surprises me. I am especially surprised by the flood of sellers who do this. Most of them treat messages they get from potential buyers like robots. They write back in a non-personal way, don’t even answer all the questions that a customer asked or respond in a taciturn fashion.

Facit: One of the biggest points that I continuously touch on in my course and that I want my students to take away from is to focus on proper communication. Communication is even more important when you can not see, smell or hear the person. As a result, they have to work extra hard sometimes to endear a potential new buyer to them and make him/her trust them.

3) Too much time wasted on unethical buyers.

Now, this one is a bit controversial because it goes against what I said in the previous point. But hear me out.

Some sellers can take communications too far. Believe it or not. And I think that most of this…desperation to get a sale can result for some sellers on Fiverr that they need the money.

Now, most of you know that just focusing on making a purchase or getting a new client without actually taking a closer look at the job or the person that wants to buy from you, can result in hours and hours of frustrating verbal ping pong.

Not only that, you can run into a buyer that is unethical him-/her-self and as a result, you end up getting lots of complaints from him/her and demands for further revisions of the work you have already delivered.

Because you might really need the money, you continue to stay in this toxic relationship with a demanding buyer.

Facit: I guess that one of the main reasons why you went on Fiverr is not only to be able to make money online or build up a second income but because you wanted to get a feeling for what it means to be your own boss. So, treat your Fiverr account like a business and if there is a customer messaging you that you think would not be a GOOD FIT for you and the services you can offer him/her, do not enter a buying-selling relationship with that person. Save yourself a headache. It’s as simple as that.

4) Don’t treat their Fiverr account as a business.

I have already touched on this point throughout my previous one. A lot of new Fiverr sellers do not operate their Fiverr account as a ‘business’.

Instead, they are waiting for someone to tell them what they can or can not do; or they forget to fulfill an order once confirmed that they can do it; or they say they can communicate in a particular language only that it turns out later that they do not understand what the buyer wants from them, etc.

Facit: There are two things that are important here:

a ) Fiverr is a global marketplace. As a result, be aware of cultural differences as well as possible language barriers. If you keep this in mind and then, decide accordingly to take on a gig or not and communicate clearly, you won’t have any problems.

b ) If someone buys a gig from you, then it is your responsibility to deliver that service and order. The tricky thing is that if someone just sees Fiverr as a ‘hobby’ to just play around a bit, he/she is making Fiverr sellers bad for someone else who decided to purchase a service from a hobbyist. Do you see the difference? Please, don’t be irresponsible but see it as your mini-business and a chance to build your name as an expert in a certain field.

5) Not following through with the delivery of a client’s order.

Yep! If you decide to become a Fiverr seller, and you put up gigs for purchase, then it is your responsibility to deliver.

If you do not think that you can deliver an order, if the buyer has not ordered the appropriate extras, whatever it is, communicate and make the customer aware of it.

Facit: Don’t accept a purchase and then, not deliver. It will look bad on all Fiverr sellers, and it will hurt your account because you will get a negative review and/or a cancellation and slowly potential buyers won’t have any trust in you and your account anymore.

6) Dismissing the importance of capturing your service offerings with video.

Video has become truly an essential marketing element – and not only on Fiverr.

A video is an excellent way to directly speak to your potential clients and customers!

It gives them a chance to see who they are working with and to get to know them a little bit.

Not only that, it will set you apart from your competition because there is essentially no one like you. You are unique, and a video directly gives you a way to prove that.

Facit: Not taking your account seriously on Fiverr and doing just the minimum to sell potentially your gigs on Fiverr will also just get you that – a mediocre outcome.

Side Note: If you feel like you don't know how to take cool and professional-looking home videos, this article might help you: https://corneliapauline.com/2018/03/17/5-simple-yet-effective-ways-to-create-professional-videos-from-home/

7) Uploading low-quality images to account that don’t fit the sizing requirements.

This point goes back to not treating Fiverr as your business.

Think about it. Nowadays, would you purchase anything from a site that features absolutely shitty and distorted images?

Probably not. You would be like, “I think I’ll pass on this one.”

And not only that. You would probably be wondering why that person did not take the time to upload excellent high-quality images, correct?

Facit: With all the technology out there nowadays there is really no excuse for you to use randomly any image that you have on your desktop. Instead, truly think about it what impression it is that you want to give your future buyers. Is it an impression of unprofessionalism, or do you want them to see that you know what you are doing and that you are meticulous?

8) Lack of social media promotons of one’s gigs.

Unless you were one of the very first sellers on Fiverr (and I’m guessing since you’re reading this you are not), you can not open up an account and put up a few gigs and think that you are going to get a lot of purchases.

I talk about this in my course Fiverr With Focus over and over again that, especially when you first start out, you have to build up your account first by getting reviews and starting to make a name for yourself.

Furthermore, you have to take the initiative. It is truly like with any other business, for your business – or your Fiverr account – to become successful, you want people to find out about you.

A really great way to do that is through sharing your account, gigs, work you have delivered, etc.on your social media accounts.

Make it know that you are on Fiverr and what it is that you are selling on there.

Facit: Don’t just lean back after opening up your account and create a few gigs and expect that magic is going to happen. It is like with everything in life; you have to take ACTION and put yourself out there.

9) Lacking a clear description of their services.

This one is mostly true for sellers from different countries and whose English is not up to par with what you would expect from an international seller on Fiverr.

However, often, I see very poorly written gig descriptions a lot of the times from American Fiverr sellers as well.

This ties in with having low-quality images displayed on your gig’s site. It almost makes us as a potential buyer think, that you are not taking this seriously.

After all, you wouldn’t send out a resume to a potential employer with lots of grammar mistakes, correct? So why not proofread a few times your account and gig descriptions?

Facit: Descriptions full of mistakes or in broken English will have a drastic impact on your sales or will result in no sales at all. If you are having troubles with this, you can always hire an experienced editor off of Fiverr ;).

10) Secretly, believing success on Fiverr to be impossible for whatever reason.

Or, in other words, not believing in yourself.

It is truly sad for me to see but there are always a few new Fiverr sellers who have the secret hope for something to change in their lives, who had some motivation to open up their account and create a few gigs, but then it is almost like they are blocking themselves.

They think negatively about everything (instead of strategic and logical like a business person), and start sabotaging themselves not only with their attitude but by almost attracting dishonest or difficult clients, or being afraid to ask for more money for their services because they can not see the worth in their skills.

Facit: If this is you and you are struggling with this, I recommend to check out the book Psycho-Cybernetics by Maxwell Maltz. I continue to tell my students about it as well (and particularly the ones fighting to get their Fiverr account rolling), because a lot of the times it is really you who has to change. And not only by the actions you take but also by the thoughts you think.

 

I hope that this was helpful. Let me know in the comments section down below! If you’re an existing successful Fiverr seller and think I forgot about a mistake you see that other not-so-successful Fiverr sellers make, please let me know as well in the comments down below.

P.s. If you like to download my FREE 10-step roadmap to freelancer success on Fiverr, click here: https://fiverrwithfocus.com/welcomefwf