Top 5 Passive Incomes for your Online Business (Part 2)

This is Part 2 of my article on top 5 Passive Incomes generates from your online business. In Part 1 of the article, I talked about the advantage of online business. What type of passive income can be generating from your online business? I introduce the concepts of Affiliate marketing and sells advertisement space in your website or blog.

In the second part of this article, I will write up the remaining 3 of top 5 passive incomes for your online business.

3) Create your own products

You can create your own info products or physical products to sell them in your website or blog. The advantage of selling your own products is that you have full control over the selling price, marketing methods and delivery methods for your products and etc.

You can write books, produces videos, audios and combination of both and etc. Example of products you can create include E-book that teach newbie online marketers how to create your own website, how to create your own blog. The newbie online marketers need to research the potential demand and profitability of their target niche market before they start to create their own products.

From the findings of this research, they can formulate their marketing strategies and price their products correctly. This exercise can enable them to maximize the Successful rate of their online business and making good money from their venture.

4) Create membership website

Depend on your niche or your expertise. You can setup membership website for your niche market. Example of membership niche website include online marketers website that equips newbie or seasonal online marketers with new skills to drive massive traffic and potential buyers to their website. Exclusive contents are available to paid members only.

Paid members need to sign in with specially assign user name and password to access into the exclusive content. Membership fee generally paid in monthly, quarterly or yearly basis. Membership website generally update with new Contents in weekly or monthly basis. This is called paid membership website. You can collect premium membership fee if the information is highly valuable and useful.

Free membership website can be setup as well. Free membership website owners money making methods is to drive massive traffic to their membership website and generate income from pay per click when visitors click on the banner or pop up advertisement in the website.

5) Create forum for your niche market

You can create forum website for your niche market. Forum enable like mind individual to exchange view and share experience in the particular topic. Example of online forum include online marketers forum, both newbie or seasonal online marketers exchange views or share experiences to build website, affiliate marketing Methods of driving traffic to website.

Forum membership can be free or paid membership. Forum website owners money making methods is to drive massive traffic to their Forum and generate income from pay per click when visitors click on the banner or pop up advertisement in the website.

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