Have You Created A Passive Income?

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A few weeks ago I started to follow Graham Stephan on YouTube. It started with me watching his millennial money episodes, but I also got into watching his Passive Income videos also. As you know blogging can be a passive income if you are doing it right, but it also requires a lot of work to get it there. This means that I am also going to be launching a few new things on Odysseys With Love along with my Mesquite Texas Guide and Wandering In DFW. I am also looking into a lot of changes that need to be made here to really optimize the blog.

BUT! Do you know how blogs make money? One is like the ad that is below. I have my ads in the same place on every blog post, below the second paragraph. But it’s not just placing the ads that generate income. It’s by you, my readers, clicking on in. There are other ways for me to make an income from this site, and I plan on teaching you all of the passive income paths  that you can make a lot of money from.

What Is A Passive Income

There are two types of passive income, one that requires time, you have to work to get them going, and after you have a backlog, you can see revenue from them. Then you have ones that require money upfront, but after you start making money, you can use that money to start to make more money. A few ideas are listed below.

Time Is Money

  • Blogging
  • YouTube Videos
  • Affiliate Marketing
  • Create an App
  • Create an Online Store with Drop Shipping
  • Create a Course
  • Write an Ebook
  • Sell Your Photos
  • Digital Downloads
  • Rent Out Your Space

Money Generating Money

  • Rental Property
  • Crowdfunded Real Estate
  • Absent Owner Businesses
  • Peer-To-Peer Lending
  • Invest in Dividend Stocks
  • Invest in Index Funds
  • Bonds
  • Money Market Accounts
  • Certificates of Deposit

You Are Already Blogging, So Why Are You Not Making Money Now

I am right there with you, I am not a new blogger, but I think I have been going about this wrong. I am still learning and from the research that I have been doing, I think I now know what I have been doing wrong, I have never had a niche in what I was doing, do you have your niche? Could that be what you are doing wrong? I know I was all over the place when I first started this blog, but I have broken the site down slowly over the past couple of months.

See, I use to write about anything and everything. I now know that I am writing about the law of attraction, the Mesquite Travel Guide and Wandering In DFW, and Making Money. My family blogs will come from the Mesquite and DFW post, which will be coming out a lot more in the following weeks, I started to write more about my Law Of Attraction Affirmations and it’s already starting to work, just look at the fact that I was able to get my teeth done and I have a surprise coming here soon with the blog as I finally have a sponsored post coming in the near future about one of the things I am blogging about!

Getting Your Affiliate Marketing Right!

There are a lot of affiliate marketing networks out there. Two of the affiliate networks I work with are Amazon Associates and Shareasale.  I haven’t done anything with either of these really and I am going to have to change that, and so should you. You can find affiliate links for EVERYTHING through one of these networks, Amazon is the easiest to work with as the entry to the program isn’t that hard, It is harder to get in with one of the Shareasale networks but not hard to sign up for the total program. I haven’t been accepted into all of the ones I have applied for in the past, but I am hoping by changing things here, that will change.

What Else Can You Do With Affiliate Marketing

You know you can share links on your blog, but where else can you share Affiliate Marketing Links? I haven’t done this in a while but I am planning to get back into is pinning my links to amazon in my new pin board Shop With Us on pinterest. YES! You can make pins for your affiliate products as long as you make it clear in the description that it is an affiliate link! Every year for christmas I also make a post about top christmas gift ideas and that one is heavy with affiliate links.

How To Rock Your Email Marketing

At the very end of every blog post you will find a way to sign up for my email newsletter, this is not only a great thing to get email addresses of your reader, but you can also start marketing through this and generate an income also. I have mailerlite right now, but once the blog is generating income again, I will be upgrading to ConvertKit and really going heavy with my marketing again, but it’s not just to get you back on the blog, I can also include an affiliate link within my newsletters for my product of the  week, month, year, whatever it is I will be doing. I can also start a program or class, that charges extra, to learn different things but that is a way off. I am not even sure that is something that I really want to do.

YouTube Is Harder Than Ever But Oh So Profitable

I don’t have enough subscribers on youtube as of now to be able to monetize my channel, I also have not been regular in my postings. THAT IS A HUGE MISTAKE! It takes work and time, and once you have enough followers, you can have a backlog of videos to monetize, even if you are only making 50 cents a day that is 182.50 per year, if you have 100 videos that is 18,250 a year! I really hope that this works out for me in the long run!

What Are You Doing To Earn A Passive Income?

Everyone is now trying to start this but not everyone succeeds in earning a livable income, and if they do, it’s taken a lot of time or money upfront to get it going. So let me know in the comments what you are doing! Don’t forget to Subscribe to the blog and follow us on social media also!

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Hi! Im Megan! I am a photographer and writer behind Odysseys With Love. I am a Mother and Wife and enjoy sharing our everyday life journey. From our The Mesquite Texas Guide and Wandering In DFW to helping other bloggers work from home, I love what I do. 

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