Enjoy this guest post today from DW, the creator of and writer at GreatPassiveIncomeIdeas.com.
When I was younger I used to go online looking for things I could do that would make me rich some day. A lot of the information I would stumble upon usually involved investing, waiting years to see your returns, or taking significant risks in things like real estate or business ventures.
If you’re like me, all of those things are great and all, but not really what I was looking for. I’m a family man with responsibilities and a mortgage to pay off. I simply can’t risk putting my family’s future in jeopardy in pursuit of trying to make more money.
That’s when I discovered something: The very websites I was looking are were the thing I needed to be doing. So I started getting into blogging and found it to be one of the best semi-passive income investments you can make.
Now three years later I’ve finally figured out how to make a thousand dollars in a month on the side without hardly any major risk or expense. And I do it all at night after the kids go to bed or on the weekend’s when I have some free time.
Here’s how you can do it to.
First – Create Your Own Website
The first thing you’ll need to do is to setup and make a blog or website that people will want to go to.
For example: When I was first investigating different ways I could create residual income for myself, I used to find all kinds of websites with scattered ideas that were always very thinly backed up.
That’s actually how my site Great Passive Income Ideas got started. It began as just a bunch of ideas I was collecting and evaluating over the course of a year. Every time I found something good, I’d write it down and make some short notes next to it for following up later.
What I never imagined is that “the list” itself would end up being a thing that ended up making me money! Eventually I got the idea to publish my notes in the form of a website for the rest of the world to have. Now everyday almost 600 people per day visit the site to read my mammoth collection of ideas and see what inspires them to make money.
Next – Monetize Your Website
If you owned a store that had thousands of visitors every day, but you didn’t sell anything, how long do you think that business would last?
Running a website is much like the same thing. Building up and attracting traffic is one very big part of the game. But then there is another side to it that involves what you do with them when they actually get there.
Most of my websites are monetized using Google Adsense because it’s easy and it pays out immediately. However there are plenty of other products out there that people like you might find useful.
For example, if you run a personal finance website, why not promote software that will improve keeping track of your money. If you like to write about building websites, then why not talk about products that people can use to build better sites.
Work At It To Make It Better
Setting up a site once is never all there is to it. Lots of other well-known established bloggers will tell you that you almost have to spend just as much time promoting your content as you did creating it.
Usually that involves some pretty easy to do things like creating well-written guest posts for other blogs, participating in social media, actively engaging other bloggers, etc.
In addition you’ll always want to be evaluating how you can make your website a better informational product.
- Is it easy for the readers to find what they’re looking for?
- Are your ads easy to find but not intrusive?
- Are there clear calls to action?
All of these things could be potential candidates for holding down your income if you’re not regularly working on doing something about them.
Make Your Life Easier While You’re At It
Another beautiful thing you can do – outsource the hard work. Every month I take a look at where my earnings are coming from and I take a small portion of the profits to invest in new ventures.
Usually these new ventures are something small like hiring writers to create new content or working with a freelancer to create a new logo.
When you work with other people, it takes all the burden and stress off of you to always be the one doing the heavy lifting. That way you can focus on the big picture and decide where you want to focus your time and energy.
If you’re interested in learning more about how to make a thousand dollars in a month, please follow this link to see how to start a money-making blog. You’ll find a very resource post that is over +7,500 words of valuable information covering everything from first coming up with the theme of your website to working with advertisers to make an income from it.
Editor’s Questions: Is a purpose of your blog to make money? What has proven to be your best strategy for making money on a blog? What other income generating ideas are you doing on the side apart from your full-time job?
DW is the creator and writer of GreatPassiveIncomeIdeas.com, a website completely devoted to ideas for making money on the side. When he’s not blogging or spending time with the family, you can usually find him with a guitar in hand.
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