About Tonya Lyons
Hello and thanks for visiting my online website and blog. I started learning online marketing more than 10 years ago. Although the Internet has changed a great deal, one thing that remains consistent; people want to make money online.
As an entrepreneur, I see a lot of opportunity everywhere. This website and blog allows me to harness all of the information and resources that I have gathered and share them with everyone that I care about.
The Internet provides a way for everyday people to start a grow their own businesses without the expensive startup costs involved in traditional business ventures. There are many opportunities available as well as many ways to waste your time and energy online. My goal is to take my laptop under one arm and go travelling around the world to spend time in other countries and with family. I want to build passive income streams so I can work from anywhere.
More importantly, I want to make sure that if I don’t want to work for a few weeks, I will still get paid. This gives me the freedom and flexibility to be available for my family and do what needs to be done without restrictions.
If you are like me, you prefer to be available for family and friends. I want to teach them what I know so that we will never be restained by time. Especially someone else’s time clock. Here’s a cool book that has been around for about a decade that shows how to create your own 4 Hour Work Week, starting today.
Creating Passive Income
Passive income is income that you earn while you sleep and while you travel. Essentially, it means that you are no longer trading ‘time for money’. In conventional employment, you need to work a set number of hours in order to earn a set amount of money. This means that you can’t earn money unless you’re putting in the hours. But passive income means that you do the work upfront and then the money trickles in steadily. This then means that you’re able to decide when and how you work – and if you’re really good at it, it may mean you don’t have to work at all.
How is this possible? We’re going to look at what the most passive form of income is and why some options aren’t quite as passive as they may at first seem. I’m also going to through in some other forms of income that may take some time to set up but your can eventually automate them and make them work, even if you are new to online marketing.
Earning Money From a Blog
One of the most popular options when it comes to earning money passively is to earn from a blog. Most blogs are monetized either through advertising or selling digital products. This means that you earn money either when someone clicks on your ads, or when someone buys the product you made/recommended.
Once you have built your blog up to enough prominence, you should have a steady influx of traffic without having to do much to keep it that way. The only problem is that you also need to keep adding new content, to keep promoting your site and to keep managing the comments/responding to fans. So you’ll have a lot of flexibility here but there are some ways in which it isn’t quite as passive as it might at first appear.
Perhaps a better option is ecommerce called dropshipping. This means that you’re selling physical products through an ecommerce store but the twist is that these aren’t products you actually have around your warehouse or home. Instead, you’re selling products that another company manufactured and stored but they’re letting you put your name on them. They even send the products out but your customers never know that it’s not you who’s doing it.
In many ways this is an ideal business model but it does still require some management on your part to keep the website updated, to promote your store and to handle complaints and queries.
Selling a Digital Product
We’ve seen that selling a digital product can be a great way to monetize a blog and sales funnel for passive income. But if you can add your digital product to a large distribution platform, then you can actually sell even more products without having to put the work in yourself.
For example, put an ebook on the Kindle store and it will sell copies even while you’re sleeping once you’ve done the initial marketing. An app can also be an overnight sensation and keep a steady influx of cash coming in for years.
Affiliate marketing is easy to get into but challenging if you want to make serious money. You might make your first thousand or a few thousand rather easily if you set up your affiliate marketing campaigns correctly.
If you wish to have long-term success as an affiliate marketer, that entails a sustainable revenue stream and diversification. You need to strategize your entire approach focus on building your brand not just your affiliate sales. Creating your own sales funnels will allow you to build a list of people interested in your affilate niche.
Let’s Learn How To Make A Great Living
Be aware that you don’t have to have the skill to produce the results that I share. You have options like outsourcing your work to virtual assistants or using apps that can help you organize your many tasks.
We will learn how to reduce the ‘communication overload’ that comes from information that causes little to no results in our lives. What good is it to make money if you don’t enjoy what you do? Can you have it all? I know I am going to try. You are welcome to come along too.