income

Hey, in this article, What’s up guys in this article, We are going to learn how to make money on Tiktok as a creator. I’m going to share the top three ways to make money on Tiktok as a content creator. looking at particular businesses, particular websites, specific business models. But I just wanted to share these examples so that you can get inspired by them and perhaps use them as a starting point or foundational items for you to make passive income streams of your own. 

9 Ways I Earn Passive Income Online

income

1. Foodtruckr.com

This is an authority website, meaning it’s a website specifically for a particular group of people. And those people are food truck owners or future food truck owners. This was built in 2012, and over the last three years, I haven’t personally added any new content to this website. I now have a team of writers that add content every single week. But at the start, it was a little bit difficult to put up because I’m not a food truck owner myself, which is unusual.

So how did I discover what content to put on here? Well was done by doing a lot of research and having a lot of conversations with people. And I don’t pretend to be a food truck owner on this website. But I do position it as myself as somebody who’s putting in all the time and effort and research into finding all the information needed to help a person.

Either get started in the food truck world or improve a person who owns a food truck makes more money. Within about a year, this website started to rank high for critical terms like how to start a food truck and food truck business plan. And as a result, it currently gets anywhere between 25,000 and 50,000 visitors per month, which is cool. 

2. Securityguardtraininghq.com

This was the website built back in 2010 as a result of a very similar challenge. Somebody challenged me to build a website. I got it to rank number one in Google in 73 days for the term security guard training. And then immediately added what’s called Google AdSense on the website.

That’s a way to generate an income through advertisements that Google will place on your website auto-generated from the content that is written on that page. And since then, it is made over $100,000 in advertising dollars. Now, it’s only a couple thousand a month, and it has gone down a little bit over time as there have been more competitors, but you know what?

I haven’t even touched it in the last three years. There’s only a finite amount of information needed to help a person become a security guard. Now there are different rules and procedures for different people depending on what state in the United States they live in, so that’s actually how I created the content. I called security guard training companies because I’m not a security guard myself. I called security guard training companies from all the different states, and I asked them.

How do I become a security guard? I took that information and put it on the website, and now, people find on Google, and I can help them out, which is cool. You can generate an income by creating websites about things that you aren’t necessarily passionate about. I’m not a security guard myself like I said, nor am I a food truck owner. Now, I do love food and fun fact, and my mom is a security guard, which is kind of cool. But I would recommend that you look for ways to generate an income through the passions and the skills that you do have, which is where this third example comes in. 

3.Podcasting

In 2012, a couple of years after I started podcasting, I wrote an article on my website about how to start a podcast. Now, this free article makes money in several different ways. 

 1. Make Money With Affiliate

Number one, it makes money through affiliate revenue, meaning it is recommendations of different products that I use as a podcaster that I share with other people. If they go through my affiliate links on that website, say for example, for microphones or other pieces of equipment or software, I get a commission from the owner of that company. 

Read More: 7 Business that Will Grow After COVID 19

2. Building Email List

I am building an email list from this particular article, which means that I get subscribers who I know are interested in starting a podcast. Then I can potentially sell them one of my online courses like Power-Up Podcasting to help them a little further if they want to go deeper with me.

3. Software Selling

I also sell software that my team and I created called the Smart Podcast Player on this page too. It’s a podcast player that you can put on your website, makes sense for people who are starting a podcast to get this. So, of course, I include that on this page too, and although this resource is free, and you can use the whole thing without paying me anything, it adds to my income streams every month.

4. The Smart Podcast Player

Let’s talk about that piece of software, the Smart Podcast Player that my team and I created in 2014. What’s careful about software is you build it, code it up, and get it to work, and then, you can sell copies of it permanently, over and over and over again, which is cool. It can generate a passive income for you, but I will say, the software is not an easy thing.

You need to find the right developers, and I made many, many, many, many mistakes in the past hiring developers just because they were cheap or because I didn’t do enough research, and you know, that didn’t work out very well. I lost 1000$ of dollars by not approaching it correctly. But in addition to that, there are compatibility issues, and there are people who don’t know how to use the software. There are different WordPress themes if you’re going to create WordPress plugins.

Things break, things need to be upgraded, you need customer service. So there’s a lot involved, it’s not very passive at all. Unless you hire a team and a project manager and other people who can do this for you, and that way, I haven’t done much to upgrade this plugin myself because I don’t code, I don’t know how to code myself. I found a good developer. 

5. Creating your Software

Now instead of creating your software, perhaps you use software that already works. You can create demonstrations on how you can use that software. Put those on YouTube, but those on your website, and you can generate an affiliate commission as a result of those recommendations and demos. I’ve created many demos in the past.

One of my most successful ones is a demonstration article I created for ConvertKit, the email service provider that I use, and I love it. I’m an affiliate for them. I’m now an advisor for the company too. This video on YouTube has been seen nearly 30,000 times, I think, I’m not exactly sure of the number right now. But it is something that shows people what they’re going to get before they get it. And that’s the secret to affiliate marketing. I was teaching people what they’re going to get before they get it.

That way, they see it. Hopefully, they see how easy it is to use and what it can do for them, and they’re going to be likely to go through your link and give you a little bit of commission as a result.

6. Writing books

Writing books and putting them on Amazon or selling them through your website is a great way to generate income because you write that book once, and you then sell it over and over again. Now it’s straightforward to say that and not always very easy to accomplish. But I’m fortunate that I have a fantastic audience. Many of you have purchased my book, which is cool.

But books are great because they can position you as an authority even if you don’t sell any. If there are two identical brands, and one of them has a book, and one of them does not have a book, people are likely going to trust the brand that has the book. 

Read More: 7 Business that Will Grow After COVID 19

7. Podcast Advertising

We have podcast advertising, and Now, if you have a podcast, you’re likely going to continue to record that podcast. This is passive in the sense that you’re working with a company that wants to get in front of your audience, so they’ll pay you to say a few things here and there throughout your podcast episode.

And then, since you’re recording the podcast episode anyway, you just add a bit more and boom, you’re making money through advertising. You do have to pay careful attention to who you’re advertising with and kind of what does that say about your brand. There’s a lot of companies out there that wanna get in front of a big audience, and not all of them may be the best fit for your people, so just keep that in mind. But podcast advertising, if you’re podcasting anyway, you can get some ads and make some money. 

8. Tickets to Events

Let’s talk about tickets to events. Some events will give you a commission if you help sell more tickets. And if you’re speaking at an event or you’re going to attend anyway, you might as well share that with your crowd or your people, or your followers. You can get paid a little bit of commission, a chunk of the ticket’s overall price that can go into your wallet. This could be smooth low hanging fruit for you, what I would recommend is if you are going to any events.

You want to sure that you can potentially make money by bringing other people with you. Check with that event director or somebody who works at that company to see if they have an affiliate Link and if they do, and they’ll supply you a link that you can then share with your people. I do this quite a bit with some of the events that I often attend, and sometimes I can make anywhere between $15 per ticket and sometimes up to $100 depending on the price of the game.

Again, this is one of those examples where you’re doing it anyway; you might just do a little bit of extra work upfront to see if you can get paid for doing what you’re already doing. 

9. Course Affiliate

If you are participating in any courses or programs or workshops or anything like that, you can do if you can become an affiliate for that thing, similar to the event thing, you can bring people along with you. A good example from my past was that this is something that happens every year; I purchase Michael Hyatt’s course Best Year Ever.

It’s an online course that helps you set up your next year for success, and I traditionally take it every year. It’s excellent, and it’s helped me structure my year correctly. It’s what helped contribute to a lot of my success over the years. And every single year, I invite others to take it with me. It’s not my course, so I’m not promoting my class. It’s not just that I’m sending people away, and they’re never going to hear from me again.

We’re all going to go through it commonly, and this has worked well because when you share that affiliate link, and people know that you’re going to be there with them, whether it’s in a Facebook group or you stay connected via email. However you want to structure it, people feel a bit more secure with moving forward and purchasing it because you’re going to be there with them. I’ve made 10,000 of dollars by promoting Michael Hyatt’s course while taking that course myself, too, which is cool.

Hopefully, that gives you a lot of motivation and inspiration to move forward, and I have a lot more content about passive income. Which one of these nine sorts of strategies or methods or examples is the most inspirational to you? I’d love to know which one you might be taking with you moving forward in your unique way.

So we want to wish you all the best of luck. We got a lot of great content to help you take, maybe one of these things, expand on and scale and grow and hopefully build a business that you love and can grow with. Thanks so much, I appreciate you, and I’ll see you in the next article bye.

 

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