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 ULTIMATE ENTREPRENEUR’S TOOLKIT

Welcome to the ultimate entrepreneur’s toolkit! {This content may contain affiliate links which may result in my being financially compensated for purchases site visitors make through said links.}

As a full-time, location-independent digital entrepreneur / boss babe or girl boss / occasional work-from-home business owner and wife of an amazing while simultaneously adorable husband and fellow business owner, we’ve got quite a few tricks up our sleeves when it comes to growing our businesses online ;).

Not to mention that since a good part of our income comes from our service-based business of being so-called ‘Funnel Hackers’ which allowed us to work with ALL sorts of clients from various industries and markets, we’ve literally tried pretty much every tool available out there as of the time of this blog article.

Now, I’ve rounded up our absolute faves that we (and/or our clients and fellow entrepreneur friends <3) could not live without. They work like a charm and will make that online business life so much easier for you. Whether you’re just starting out as a business owner or, you’ve been in the game since no one knew what a blog or a Facebook was, I think you’ll LOVE these tools!

Scroll down to see the entire list and fill out this form if you want the list sent to your inbox so you never lose it!

WEBSITE / BLOG / ONLINE SHOP

Blog / Website

Online shop

Membership / Course

EMAIL MARKETING

SOCIAL MEDIA SCHEDULING TOOLS

  • AgoraPulse (Facebook, Twitter, Instagram, Linkedin scheduling) – Smarter social media scheduling so that your content is distributed at the right times for maximum engagement and exposure.
  • Tailwind – Schedule Pinterest pins and loop them to repost. Join tribes. Excellent way to utilize Pinterest. CLICK HERE FOR FREE CREDIT –> (also allows Instagram scheduling but I d not use that feature because they’re still testing it)
  • Planoly – schedule Instagram posts and stories from your desktop and phone
  • People Map (not for scheduling) – Robust system to find Instagram users and influencers and analyze their accounts, run campaigns.

STOCK PHOTO / DESIGN

  • Unsplash – Beautiful free stock photos
  • Design Pickle – Design service monthly subscription
  • Canva – Quick and easy do it yourself design. Love this for Pinterest Pin images
  • WordSwag – App (for iOS & Android) add text to your photos Pinterest / Instagram images
  • Creative Market – IG Stories highlight graphics, IG Story templates, Fonts, designs, keynote slides…. everything!!

TECH TOOLS / SOFTWARE

  • Zoom – Webinars, meetings, interviews live streamed to Facebook
  • Live chat – live chat feature on your shop or sales page
  • Trello – Team and project organization
  • Zapier – Connects your services like a charm! Most systems will integrate with each other but this can fill in wherever they can’t.
  • Deadline Funnels – Add urgency to your marketing campaigns, automated countdown timers to provide each of your visitors with a uniquely, timed experience. Super cool tool. TRY IT FOR FREE HERE.
  • FunnelScripts – A to Z copywriting plug and play system help for every kind of online entrepreneur and business owner. Struggle with writing? This is the software for you.
  • Funnelish – Best way to directly build Paypal into a Clickfunnels’ order form to maximize international payment conversions.
  • ClickMagick – Track, analyze and optimize all of your marketing and particularly, your sales funnels. Dare I say, better than Google Analytics :).

OFFICE TOOLS / SUPPLIES

For going live / recording video

Side Note: If you'd like to learn more about recording professional videos right from your home even if you feel like you don't know what you're doing *yet*, check out my related blog post about this ;). You can read it here: https://corneliapauline.com/2018/03/17/5-simple-yet-effective-ways-to-create-professional-videos-from-home/

Paper / Pens / Planners

OUTSOURCING

MUST-READ BOOKS

  • Expert Secrets – Especially, if you want to build up an expert-based business of any kind and need to figure out how to do that.
  • DotComSecrets – The bible for anyone that wants to start an online business of any kind.
  • Profit First – As a business owner, you NEED to get your finances under control. Going through this book will help you do so.
  • Essentialism – Sometimes we just forget the important things with all the ‘busy work’. This book will help you focus.
  • Think And Grow Rich – It’s all about the mindset, babe 😉
  • Girl, Wash Your Face – Just because I adore Rachel Hollis <3

FREE DIGITAL RESOURCE TOOLS BY YOURS TRULY

Do you have any favorites you don’t see here? Let me know in the comments below!

P.s. If you'd like to download this entire ENTREPRENEUR'S TOOLKIT & save a copy on your desktop, you can do so simply by going here: http://bit.ly/entrepreneurs-toolkit