An average e-book can be between 2,500 and 10,000 words, depending on your niche. Keep in mind that your price will determine your customer’s expectations. These don’t have to be the length of full novels (though they can be). The main difference is the way this information is packaged.Īn e-book uses a computer, mobile device, or e-book reader (such as Kindle) to view long-form text in a book form with text, images, or both. Similar to the digital course, writing an e-book (electronic book) is another avenue to sell a particular skill set or expertise. Platforms like Teachable, Podia, and Kajabi make it easy to package, market, and sell your digital course. Instead of giving all your knowledge away for free, you can turn it into passive income by collating your ideas, skills, and knowledge into a digital course. Maybe it was a Facebook post, YouTube channel, or blog sharing advice on a particular topic. You may already be sharing your expertise and not even realizing it. You can turn your skills into dollar bills through a digital course.Ī digital course is a source of passive income that continues to sell itself without you having to do much work after the initial creation. We all have expertise in something that someone is willing to pay for. Design your blog, write content, and promote through social media.Get a web hosting account (Example: SiteGround).Choose a blogging platform (Example: WordPress).Once your blog is consistently getting traffic, companies may even reach out to partner on projects. SEO the science behind getting traffic to your website. To earn passive income through display ads, you’ll want to focus on SEO (search engine optimization). Your blog becomes a passive income stream through display ads, affiliate marketing, and/or digital product sales. It’s a platform where writers share their views on a subject. Bloggingīlogs are the perfect passive income source for writers or hobby enthusiasts.Ī blog (shortening of “weblog”) is an online journal or informational website displaying information in reverse chronological order, with the latest posts appearing first. All you typically need to earn is a computer and an internet connection. Many types of passive income can be made online, so if you want to have income that is location independent, passive income may be for you. But if done right, you will reach a point where your passive income streams earn income on their own, without little to no effort on your part. Most passive income sources will require time, energy, and effort up-front. Passive income is earned through investments or work already completed and continues to make money without any additional effort.īy contrast, active income is money earned in exchange for performing a service. Passive income, by its definition, doesn’t require active work after a certain point. Here are seven ways I’ve successfully earned passive income. Sound too good to be true? My food blog Delish D’Lites earns over $7,000 in passive income each month. And with multiple passive income streams, I finally have financial stability and protection from layoffs. What I have now are passive income streams. I was drawn to the idea of having the freedom to live and work anywhere and not reliant on staying in one place to earn a paycheck. This was when I dedicated my efforts to a new passion project – learning how to make money online. Ironically enough, I got laid off from my job six months later. So I started a food blog and figured it could become a creative outlet for me. But after some self-reflection, I realized that the last thing I wanted was to go from one grueling career to another. I toyed with the idea of quitting my job to go to culinary school. I’ve always been passionate about food and cooking. I was hungry for a career change and overwhelmed with where to start. When I first graduated with my master’s degree and entered into the workforce as a biotechnology engineer, I was getting paid well but was feeling very uninspired. It’s called passive income, and I found it purely by accident. For more information, see How We Make Money. Some links on this page - clearly marked - may take you to a partner website and may result in us earning a referral commission. We want to help you make more informed decisions.
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