How to make money online and generate passive income?

We all dream of a different life, dream of passive income and speak about it and say “One day I’ll do this!” OR “This will be us one day!” but then, we never take any action towards it. We perhaps at times are guilty of putting in more time to plan for a holiday than actually planning our lives. I meet a lot of investors and successful entrepreneurs regularly and they are truly doing what they love or are moving rapidly towards it on a daily basis and they have a totally different energy around them, a fire and an excitement for every single day.

So what is the difference between the people who are living their dream life and those who live by default and just talk, hope and say ‘oh they must be lucky’?

No! Actually, the difference is the design, physically creating time to dream their ultimate life and then actually planning to achieve it. And then follow through.  In this day and age of the internet, it is more than simple to make money online and generate passive income. Like the successful entrepreneurs, you should dream big. Plan this dream meticulously. Take consistent action towards realizing it. And never give up, you will be able to ‘live life on your terms’ forever.

Step 1 – Set your Big Dream

Dream just like you were still a kid. When we were little we did not limit our dreams by the audacity of ‘being practical’. It is this dream that will keep you going on this. When you believe in your dream the universe conspires to make it true. It’s only our mind that limits us to achieve our big, hairy audacious goals.

Step 2 – Choose an Online Home Based Business

Make sure you choose a legitimate online home based business. In my experience, owning an online travel site can be very rewarding. Having this online site private labeled with the Expedia Affiliate Network program can help you build your own site where you don’t have to be worried about the content and maintenance of the site. Once you have registered with them as an Affiliate you can request for API access. Next, you can use our platform and check our step by step guide to set your online travel site for less than $250 all inclusive.

This is a simple online home based business that does not demand a lot of your time. Yes, you will need to select your target market, your niche and market your site on the search engines and social media. But you can do that during your off hours or on weekends. We have seen that site owners who have given approximately 10 hours per week to their sites have not only made money online but also, built their brand. One caution, whatever you do, please do not send your hard earned traffic to another site. Please make sure that you convert the shopper to a buyer on your own website. If the building of the website and getting it operational seems overwhelming, you can choose to opt for our ‘Build Operate and Transfer Model’. This model will allow you to pick up the reigns of the business once it’s operational.

Step 3 – Prove your expertise online

Next step is to do one consistent thing every day. Be it posting deals on your facebook page or tweeting about the deals, but do this one thing every single day. Your ‘Online Travel Agency’ needs to show that it is an expert in the given domain and niche. As an expert, you will have to do a lot of research on your niche and provide your visitors with information about your niche that no other site would provide. Show your visitors the ‘WHY’ and they will come to your website and buy. Another good way to build expertise on the subject is to attend conferences to maintain familiarity with tourism trends. Use promotion techniques and build promotional material. You could write an ebook or a whitepaper on your niche and allow your visitors to download them for free in exchange for their contact information.

Step 4 – Set your passive income to be perennial

Once you have got your initial wins, try and identify the when, where, how and why. At this time ask yourself the following questions

  1. Do I know how our customers access information?
  2. Do I know what a day in our customers life look like?
  3. Do I know where my customer is trying to look for information and is the site well represented there?
  4. Do I really know who my customers are and am I marketing to them appropriately?
  5. Am I maintaining relationships with my social following on a consistent basis?

Answers to the above questions will help you understand and adjust your course of action appropriately. The online travel business is all about giving. The more information you give the more likely it is that the customer will buy from you. Once you have worked towards converting your site from a noun to a verb, you will have built your brand. For example, it is perfectly alright to say I’ll get an Uber, instead of saying I’ll get a car from the car service company called Uber. In short, you must strive to help build your brand.

Finally –

All good things in life come slowly. It is very important that you don’t give up. Napoleon Hill, the author of ‘Think and grow Rich’, wrote ‘patience, passion and persistence is the path to success’. I couldn’t agree more! The most successful people kept going and going, like Einstien who did not give up even after failing for a thousand times. You will find ‘Failures’, nay sayers and every challenge along the way. This is exactly what you have to do if you truly want to be living your passions and achieving your dreams.

Posted under category:
Passive Income - Sep 27, 2016 12:37

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