How to create passive income
12 Proven Passive Income ideas to build your wealth in 2023
Here are 12 proven business ideas that you can use to build your own passive income, in whatever niche you choose.
You can use several of these ideas together, or just one. It's a good idea to use as many of them as you can, to generate as many income streams as possible. This not only increases your earning potential, but it also spreads your risk and helps you find out what works best in your niche.
All of these are proven ideas that are already working for many people. They do not require any significant up-front investment, other than time. Although this of course may be considerable in the beginning, the aim is to build a residual income that continues after you've put the work in.
What is passive income?
Perhaps more accurately called residual income, Passive Income is money that still comes in when you are not actively working.
It offers the promise of being able to leave a conventional job, where you trade time for money, and enjoy a life of freedom to work when and where you choose instead.
How to get started
The biggest obstacle you will face in building your passive income is simply cutting through the overwhelm and getting started.
Your biggest enemy won’t be technical know-how, or marketing knowledge, but procrastination. You need to be ready for this and make sure it doesn’t happen to you.
Finding your niche
So you’ve decided that you want to build a passive income. You’ve looked at a few different passive income strategies, or ways of earning a passive income, and you’ve seen a few ideas that look promising.
But how do you choose what to do — how do you choose your niche?
Internet marketing articles
Do you want to rank higher in the search engines?
Of course you do! Good search engine rankings are an essential part of any content marketing strategy.
Part of the secret is choosing the right keywords — the terms your audience are searching for — and creating content around those keywords.
But there’s a challenge:
If you choose very popular keywords that everybody is chasing, you don’t stand a chance of ranking. There’s just too much competition in the search engines.
It’s easy to rank in the search engines for terms that nobody is searching for. But there’s no point, obviously!
So how do you find keywords that enough people are searching for to make them worthwhile, but not so competitive that they are impossible to rank for?
And how do you find keywords that everybody else hasn’t found already — which is the best keyword search tool to use?
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