Everyone dreams of making money while sleeping and few achieve it. Today, I want to help that dream become your reality. In my own pursuit to quit my 9-5 job, I've built up a list of ways to make passive income. There are initial investments. However, once that ball starts rolling, you'll literally make money while sleeping. Here are the top 5 ways I made money while sleeping. Use QuoraQuora is one of the leading question and answer forums on the web. You can make money answering questions or asking questions. We'll cover how to do both. There are a ton of questions about all sorts of topics on Quora. The idea here is to answer those questions and include affiliate links. It's a win-win situation since you are helping the readers and helping yourself by gaining a commission if the reader decides to purchase the product. You see posts like the above often on Quora. The reason is simple, they are trying to promote their own blog/brand. Let me give you an example. True Internet Marketing is about making money online. We can easily find products that help people do that. The first thing that pops in my head is Clickbank. If we head over to the Affiliate marketing section, we can find a bunch of digital products that provide courses which aid in helping you make money via affiliate marketing. Once you found a product you want to promote, it's time to answer questions related to your product. More specifically, we want the product to provide a solution to the question. Granted, the question is looking for a solution. Here's one I found in the "Making Money Online" topic. Make sure to provide a list of detailed methods you personally tried. Quora is a place where detailed answers are rewarded. If you are vague and don't seem to know what you are talking about, it will show through low view and upvote counts. After you provided your answer relatively fast(don't beat around the bush) you want to drop your affiliate link toward the end in a suggestive tone. "Oh by the way, I suggest you check out this product, it's been working great for me <insert link>." On the flip side, you can actually make money on Quora by asking questions. How much can you earn? Unlimited amount. Unfortunately, it's invite only. The best way to get invited is to ask questions that produce a lot of engagement. I.e a lot of updates and views. Once you ask those questions, they will literally make you money while you asleep. Since while you asleep, people are responding to it. This method works because you are helping Quora out as a business. The more better quality answers get posted and answered, the more Quora becomes an authority. However, there is a much more direct way to deal with businesses that get you passive income. One such way is called lead generation. Sell LeadsThere's ton of money to be made in the lead generation industry. Fun fact: I applied to a developer position at boberdoo.com, a lead generation management SaaS product company and got rejected. So this method hits home for me. Enough about me. Selling leads is lucrative because of one reason: It helps businesses make money. Let's say I'm a real estate agent. You give me leads for $100 a head. 10% of your leads convert into a purchase of a home. When that happens, I get paid $3,000 in commission. Since I need 10 leads to make a sale, it cost me $1,000 to make $2,000. Simple right? In fact, I used to work for a national roofing company and guess how much they paid for leads? $275 per lead. That's insane! The reason? Well they could make upwards of $10,000 - $50,000. That's why. So how do you start with lead generation? How do you acquire those leads? First you have to pick a niche. This is going to sound weird. The best way to find a niche is to... just observe your surroundings. What do I mean by that? There are a ton of people emailing you and calling you because you ultimately bring in money for them as a business. The most hungry people reach out because they can make a lot of money. So when a telemarketer calls you, actually ask them questions about the company. It might give you some ideas on what is worth selling leads to. Another way is to observe the CPC(Cost Per Click) of a certain keyword on Google. Using Google Keyword Planner, you can see how much people are willing to pay for certain keywords. The higher the better, since that's what you can potentially get. If you need a quick no nonsense guide on getting started with Google Keyword Planner, I highly recommend this guide. Once you found your niche, now comes the hardest part in the process. How do you get those leads? That's the million dollar question. In my personal experience, trying to rank a site locally and using Facebook ads was the most profitable. I won't go over the process to do that but understand one thing. In order to make money, you need to either spend money or spend time. Once the ball gets rolling, you'll be dreaming of making money while actually making money. Build an email listIf you're a marketer you've heard this concept many times: "Build an email list." There's a good reason for this. It makes you money. An email list is somewhat a personal space for many and a great way to connect with your audience. When you get a loyal following, you'll soon find out that you can sell almost anything. Remember, people don't necessarily buy things out of logic, many times it's emotionally driven. SO the big question is how do you grow your audience and your email list? The answer is simple but requires a lot of elbow grease: deliver value. This is not always true but I've found this to be the most reliable. You probably heard of the platform called Twitch, where gamers can stream their gaming activities live. You also probably heard of the thousands of vlogs that are gaining traction all while making a ton of passive income. Feel free to try these but your success varies a lot on your ability to connect with popular streamers, not necessarily your talent. Several mediums I recommend in delivering content. Facebook Groups, Reddit, Youtube, and your own personal blog. If you are an active community in all of these, you will begin to spur some interest in your content. In your blog, you should have a way for users to opt in their email. Of course, make sure they are in full compliance with the GDPR and CAN-SPAM Act. Once you write content, build your email list, you can start using autoresponders like aweber or mailchimp. These emails will send emails specifically based on events like opening, purchasing, etc.. Once you get to that stage of automation, you will start rolling in cash when you're in your sweet dreams. Use Bing adsThe last method is to launch a campaign on Bings Ads. Why specifically Bings? Because they are a lot more lenient than Google or Facebook. I've been getting all my ads rejected in the internet marketing space because Facebook thinks it's a get-rich-quick scheme. The idea here is the spend ad money but more money selling a product. In fact, I'll recommend the popular product CB passive Income 5.0. This product literally changed my life. Patric Chan, the founder, will walk you through setting up ad campaigns on different platforms like Bings, Youtube, and Facebook. Keep in mind that it is a starter course. However, it's enough to hit the ground running. In just a short week, I was already making $500 a week. If you want a full review of the digital course, I suggest you read this one. ConclusionThere are many ways to make money while you sleep. There are many ways to make passive income. However, you do have to do work initially to set the ball in motion. Passive doesn't mean it's less work. In fact, it might be more. Passive means once the hard work is completed, you can reap the benefits without much activity.
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So you want to make real passive income? What if I told you all you need to do is run ads on autopilot? Crazy right? No, it's really not. It's so simple, a 5th grader can do it. There's a digital marketplace offering up to 90% on commissions. It's not a unicorn, it exists. It's called Clickbank. You might be wondering why they offer such high commissions. Well, it's because they mainly sell digital products. Now, digital products are different from physical products because they don't require raw materials or complicated manufacturing. In essence, you can just copy and paste or better yet have a website where new customers can be given a login. There's ton of guides out there that walk you through step by step into getting started with Clickbank, so I won't regurgitate that here. However, I do recommend this particular guide. Making money as an affiliate marketing - especially with digital products - is tough at first. It's tough because you are always looking for this winning formula. You're constantly thinking "Hmm, is it my headline, images.... or my content," trying to justify why you're not getting traffic. This is coming from someone who has experience as an affiliate marketer. When I first started my Amazon Associates website, I wrote over 20,000 words! How much money did it get from it? 0. Nada. Zilch. In order to avoid that havoc of writing a lot of content and not making a dime, I'll dig into how I used paid traffic to market digital products. Paid Traffic AdvertisingWhen you think of paid advertising you probably think of two of the most popular platforms: Google and Facebook. Indeed, these are quite the rave nowadays. However, this also comes with a backlash: strict review process. If you tried to market anything in the ecommerce or diet niche on Facebook, you know know the frustration that comes with trying to balance ads with high click through and ads that get approved. What's really tricky is that sometimes they will approve your ads only to reject it months later when it's finally getting positive return on investment(ROI). So that's why I got into Bing ads. I've heard from several forums like black hat world that Bing ads were much more lenient... and it was. I won't go into great detail about Bings ads. If you want a quick run down on how to set it up, refer to this guide. As a guide, I purchased the CB passive Income product. This product is made by a team assembled by a renown internet marketer, Patric Chan. The CB Passive Income gives you a head start into the world of internet marketing. He walks you through step by step through setting up ad campaigns on platforms like Bing, Youtube, and Facebook. If you want an unbiased, review I suggest this one done by EcomGalore marketing. Using Bing to market CB Passive IncomeIn the CB passive Income Product, they obviously want you to promote their product using their tactics. So that's what I did. The average commission for selling one product is - at the time of this writing - $117. Following Patric Chan's advice, I created a very simple ad on Bing. The keywords I selected were actually a part of an Ad group Bing recommended. It's called "Make Money Online." Here are some of the keywords:
After you're finished setting up the keywords, you need to write compelling ad titles and descriptions. You really want to keep several things in mind when you create your ad:
All of this is available on CB passive Income system. Within a day of launching my first campaign on Bings Ads, I made a sale. Pretty incredible huh? ConclusionIf you want to make passive income, the opportunities are endless. Most passive income methods that yield a lot of result tend to require some investment( either elbow grease or capital). In my personal case, it was the CB Passive Income that allowed me to do so. It's an additional revenue stream for my business and I'm loving it! I just showed you one way that I achieved passive income but there are a ton other ways to do it. If you're interested in a more manual approach to making money, I suggest this guide. It is a guide on how to make money with Facebook.
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