Latest posts by Mitz Pantic (see all)
- 5 Signs of Obsessive Compulsive Social Media Disorder - April 7, 2014
- 10 No Brainer Tips for Making Money with Affiliate Marketing - March 14, 2014
- Laying The Right Foundations For Your WordPress Website Business - March 7, 2014
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There has always been this argument about whether you can really build passive income from your blog or website, as we all know it is bloody hard work at first! Many people wonder why their blogs are not making any money and definitely no passive income is anywhere to be seen.
When you build your WordPress website by laying the foundations to make a solid business, once your blog is firmly established, this is when a new lesson begins.
It is the lesson on how to make money from your website. This is a skill that requires different lessons and a different way of thinking.
The trick then is to build passive income from your blog, so you can escape the daily grind of having to generate income in order for your business to survive.
Five ways to build passive income from your blog
Webmasters come up with new ideas about how to build passive income every day. It amazes me how some people can make money out of nothing. There are literally hundreds of ideas on how to build passive income from your blog, but today I am going to mention my five favorite ways.
#1. Ebooks Made From Your Content
This is my absolute favorite and most underestimated way to make passive income from your blog. Creating an e-book or report from your existing content is a fantastic way to make extra money that can be totally hands-free.
Years ago I created a simple e-book that I sold for $3.95. It was about “Formatting Windows XP”. On the sales page it clearly stated that all of the content was also available on the website for free. This did not matter because people still purchased the e-book because it saved them time and they did not have to search for the content that they wanted. Most people were more than happy to pay for the content.
I not only sell e-book’s, I also give them away for free. This is because they might contain affiliate links where I receive a commission if someone buys through that link.
It doesn’t matter how you look at it, building passive income with e-book’s is a fantastic idea.
#2. Pages That Make Money for Years
I have been building websites for a long time now, and some of my best content that was created years ago, still to this day brings in income. This is definitely passive income but I had no idea I was creating this at the time.
These pages were nothing special until they made one or two sales. After that I invested some time in them. I performed search engine optimization onpage and offpage for these money earning pages. Well
When Webmasters say that search engine optimization is no longer needed, I simply laugh. All of my best performing content right now has been hit with my best SEO tools and optimized to suit the humans and the search engines. This is hard work at first, but later you can sit back and watch your valuable content make you money.
#3. Lazy Advertising
I have been guilty of lazy advertising. I just made this up myself, but this is when your blog is ticking along and you place something like Adsense to generate passive income. This definitely works as I have been building this kind of passive income for years. I always have lazy advertising as a backbone to my business.
When using this kind of passive income model, you need to also either buy content for your blog, or have regular guest posts published on there. This will give you a more hands-off approach. It is also good to develop a blog advertisement checklist so you do not forget that making money does require some work.
#4. Build a Website to Sell
This sounds very inviting. You build a website that is bringing in a decent regular income and you then sell that website for a lump sum massive profit. This could have happened to me, but I have rejected all offers to buy my websites. I know of a few bloggers that have accepted offers, invested the money, and now live off the interest from those investments. This is hard work at first, getting your site ranked in the search engines, creating a regular income flow and keeping up with the day to day workings of the business.
The only dilemma they are left with when they sell is whether they should start again by building a new website or retire? I was not ready for that decision; therefore I still have all of my websites under my wing.
#5. Build a Membership Site
Building a membership site used to be difficult, but nowadays we have amazing software that will control the whole website for us. This software will drip feed content to your members hopefully keeping them in the membership site for longer, engaged with the content.
If you cannot build your own membership site, why not sell entry to someone else’s. Many membership sites offer affiliate payouts that are recurring income and can be just as good as having your own membership site, but without all the work.
