THE ULTIMATE GUIDE TO PASSIVE INCOME IN 2019

Press on the picture to Purchase,
Or to  See More ..Click
The Ultimate Guide to Passive Income in 2019
The Best Ways to Make Passive Income in 2019

Chapter 1: Self-Publishing
There is a prevalent misunderstanding that occupies the collective business mindset. It has been for much of 2018. That misunderstanding is that self-publishing includes only, and stops at, e-book authoring.

Even with the huge success of e-books and the subsequent success
of print on demand books in fiction and non-fiction categories, these
channels of self-publishing are merely the teaser,
in the grand scheme of things.

It caught the collective imagination when it first entered the market almost
a decade ago, and fueled an unimaginably explosive growth.

That growth is still there in electronic and print books to a certain extent,
and should not be overlooked; however, it should be supplemented with a critical and relatively new entrant into the self-publishing space – audiobooks.

Audiobooks just require one additional step from regular e-books or print books, in that they just need to have a voice-over artist read the book in a studio. The sound engineer will take care of the clean-up, and you could even do that on your computer with the right software.

The second thing that you have to do is create a cover that reflects the audiobook. This cover would be slightly different from the cover design you used for the e-book or the print version. You could always create a cover that says something like “Now available in print, electronic and audio versions.”

That way, the same cover could be used for all three formats.
The barriers to entry for this space are minimal, and most of the talent
you need to find can be found in an online freelancer or outsource portals.

Try freelancer.com as they have a wide variety of writers, editors, proofers,
and voice talent who could make the entire project the result of a professional endeavor. By far, this is an area that has the highest potential in 2019, and it is one that will provide one of the highest returns that you could contemplate.

To get involved in this area, you can bootstrap yourself to the top of the cash pile,
but there is a shortcut, and being the entrepreneur that you are, we would expect nothing less.

However, to give you a little boost, we've included a free guide to getting
started and making it big in the audiobook self-publishing niche. Based on personal experience, let me just add that no matter how hard you work,
there is nothing more lucrative than getting in on a business that has
proven itself and is about to explode.

Audiobooks are the new e-books, and it is organized by the same people that made Amazon the multi-billion dollar behemoth that it is today.

They have the same exposure to active buyers as they've had all this while,
and they bring that commercial model to bear on your books – on one provision – that you read what the market is looking for. There are apps that can read the market for you, and you can choose the area you want to publish in.

You don't only have to focus on the books that you have knowledge on. We write and publish books in almost every genre, and in every format, and we have found that simple research and understanding of what readers are looking for, combined with a good sense of how to put the advertisement in front of the right audience, makes a profitable book.

A good grasp of advertising on Google will help, but it is not necessary as you can get a freelancer to do that as well. Welcome to the digital economy.

Whatever skill you need to make an idea take root and flourish is out there, you just need to know how to put it together and our course will give you the insight you need to get to that point. But that is not just the whole deal.

■♡♡♡♡■
■♡♡♡■

This business is one of the most lucrative in the long- term.
The trick is to get the book ranked on Amazon and, once you do, it will continue to generate sales for you even if you just leave it and forget about it. You just need to focus on the next set of audiobooks that you publish, while the earlier set just sits there and generates passive income, unattended.

If you can get a team together that has a process, the process being one person does the research to choose the titles based on the software. That is then given to the writer, and the writer’s finished product is given to the proofreader, who proofs it, gives it to the editor who polishes it up and then the editor gives it to the voice talent who records the work.

At the same time, your graphic artist prepares the cover. You can get a virtual assistant who, at pennies on the dollar in comparison to full-time staff, is going to do a good job of bringing all the facets together and uploading the book, e-book, and the audio files to Kindle and Audible. It can be totally hands-off while you just check in daily, at first, then maybe only once a week.

Ch2: Affiliate Marketing
Your next best bet is affiliate marketing.
Before we get into the potential, let’s just look at what that is for those of you who are not in the field. Affiliate marketing is the business of marketing goods and services that you do not produce, design or manufacture.

You do not even take stock of the product, or put up cash to purchase inventory whilst you make a sale. All it entails is the need to market goods that others manufacture and have for sale. A person who clicks on an advertisement or a link that you are hosting is a potential customer.

If he or she makes the purchase after clicking on the link that was on your site, a portion of the revenue from that sale is then paid to you. You should be starting to see the potential here. There are many ways you can take advantage of this opportunity. The key to this is that the name of the game is traffic.

Traffic comes from visitors, who can either be your social followers or someone finding yours from search engine results, so what you are looking at is search
engine optimization (SEO). The assets that you have in this case are related to any kind of content that someone would search for, or someone would repeatedly come back to you for.

■♡♡♡■
■♡♡■

One way is to have a loyal following on YouTube, Twitter or Facebook.
These social media followers are pliable and can easily be persuaded to click on links. You can break the entire process down into content, clicks, and cash – the 3C’s of affiliate marketing.

This can also be done in such a way that you automate much of the process, and that will allow a large part of your work to be front-loaded and, after you get the system right, you just have to sit back and let it take on a life of its own.

As long as you have someone constantly supplying content,
and keep growing your social media following, then you will be able to keep the traffic constantly circulating through your website assets and that will bring about clicks on your links. Once set up, they practically run by themselves and do especially well if you get a virtual assistant to watch over things.

To be able to do this successfully, there are a few different avenues that you can follow to get clicks. Among all the business that you could possibly do, affiliate marketing can even be done on a smaller scale where you focus on the content that you are really a master of. So, let’s say that you are really good at knitting.

If you have a website and blog where you provide knitting advice and how-to’s, and you get people to follow your blog and read your content, then you could get products that relate to knitting and have links to places like Amazon.

This means that if your reader likes your article and wants to follow along,
they just follow your link and, when they make the purchase, voila !
You get a piece of the action. This is a credible source of passive income while you go about doing something related to your main business or interest.

It’s a way of monetizing your professional content, or the monetizing of your interests. The brilliance of affiliate marketing is that it can run as a standalone,
or it can be something that you do in parallel to a related or unrelated business.
Its flexibility affords you multiple paths to success, and it is only limited by your imagination. The web is filled with resources and you can make this as small or
as big as you want.

Selling Info Products
There is a huge confusion on what info products really are.
Info products are exactly what you think; except maybe look at it from this way – what are physical products? Physical products are things that have a physical form. In the same way, info products are products that are informational and usually things that you can download.

They don't include music and entertainment products, but, rather, they include
books, instructions, reviews, and even courses. In the other parts of this book, we talked (and will talk) about books, audiobooks, and videos. That means it’s best if we leave info products as the products that relate to information that people are looking for in terms of e-books, and downloadable content that provides information of value, like courses.

If you have not heard about this, there are sites like Udemy.com where anyone wanting to learn something can look for a course and purchase it. They will get e-books, videos, and documents that will give them an idea into the topic they are looking for. So, let's say that you are a really good photographer, and what you do is create a course in photography and offer it on Udemy. People will buy it and your course stays there for however long you want it to.

You are then able to collect passive income from it over the next few years, especially if your course is popular. In 2017, the top course provider earned close to $3 million. If you are a college professor, a flight instructor, or a diving instructor, you can make a course while you are actually teaching your students and make that into a course that you place on Udemy.

That will result in passive income that is spun off your main job; passive income that parallels your full-time job. You can't beat that. If you want to take it one step further, then what you can do is hire teachers to make courses, pay them a fair amount and they convert that into a course, together with e-books and apps.

In this way, you can have any course and have any number of them.
The profit potential for these videos of info products are especially for their passive income potential. In most businesses, you do the job once, and you get paid once. If you want to get more income, you have to do it all over again.

With passive income strategies like the ones mentioned in this book, you just have to do it once and, after a while, you get passive income from across your
offerings – with no expiration attached to it.

Print on Demand Merch For those of you who are not writers or editors,
or inclined to deal with the stresses of self-publishing, then there is another way that you could get on the online entrepreneurial bandwagon,
and that is to start designing t-shirts.

Before you start thinking about sourcing the material and getting a seamstress or a factory to produce the t-shirt, stop right there. You don’t need to do any of that. T-shirt design is not about sewing and printing, it’s about designing, and Amazon has a new service where you print on demand. Well, actually, you give it to them, and they will print it whenever an order comes in.

So, here is how it works:
You design what goes on the t-shirt and send Amazon the artwork.
There is an online page that you can upload it to.
You will decide the price, Amazon will tell you the cost, and they will take a cut from the sale.You make money each time someone purchases your design.
The buyer will sort out what size they want, and
Amazon will do the printing and the shipping.

■♡♡♡■
■♡♡■

You can just spend your day doodling and designing what goes on the t-shirt.
Their service is called Merch by Amazon and you can tie it to your existing Amazon accounts. Be warned though, as, at the moment, Merch is by invitation only, so if you want to be invited, just send them a request and they will ask to see some of your prior designs and then you should get accepted.

Once you get in, here is how you make money with it. You can’t just leave it there and hope that someone buys it. That’s too passive, even for passive income. You need to tie it to some kind of product, brand, or event. If you have a product that you are selling elsewhere, you can brand that product, like games, or you can even have them made as part of a club or group and then direct your buyers to make the purchase on Amazon. Just send them a link.

Here is another trick to make a few extra bucks from each sale. Get an affiliate account with Amazon so that, when you send your customers a link to buy the t-shirt on Merch, all you have to do is send that affiliate link and, not only will you get the income from Amazon, but you will also get an additional affiliate income from them as well. Don’t worry, it’s not double dipping and Amazon doesn’t mind when you do that. Most people do.

T-shirts are a huge business and something that most people need and buy repeatedly. You can do them in vivid color, or you can do them in classic black and white or monochrome. What if you have no idea how to design, and have no insight into the designing process? Well, there is a way out from that too.

Freelancer.com has a feature where you can advertise for a contest and have designers design for you and then you chose the one that you like. Once you have that design, pay the designer then transfer that to your Merch account and get the t-shirts with that design. There is another way to make money with this by cross-selling the t-shirts with your books and audiobooks.

You can sell them on your info products, or you can sell them on the YouTube videos that you produce. The possibilities are endless. What you need to do is just make the decision to do it.

Chapter 5: YouTube Videos Everyone loves YouTube videos.
Most news and current affairs that people consume come exclusively from the YouTube platform, and then there are hobby-related videos and special interest content and even job improvement skills also on YouTube.

There are some occasions that the YouTube content and format don’t suit what you may be looking for but, for the most part, the content that is presented will provide you with what you are looking for. That's the beauty of Google - you get exactly what you want, or you just end the video and find something else.

The point is that YouTube videos are highly informative, entertaining and are especially relevant when looking for product reviews, how-to videos and movie previews. So, the question comes down to how do you make YouTube something that will earn you passive income ?
The idea behind passive income is to put in a bit of work upfront, and for that work to result in a product that continuously generates traffic by those looking for the kind of content that you have uploaded.

In terms of YouTube, once uploaded and it is of interest, viewership is almost automatic. What you get from it is a share of revenue from the viewership.
On average, YouTube publishers make about $1,000 per million views from one video. There is no limit to how many videos a publisher can place.

When you first start out, you may only be allowed to put in videos that
are short – less than 20 minutes. After some time, they will remove those limitations and you will be able to publish those longer videos.
There are two things that you have to know.

The first is that, for those of you who are just starting off, there are numerous types of video editing software that is free. If you have an Apple computer, then there are some really powerful apps that will create videos and sound and give you powerful editing and cutting features.

The videos that you make from these are of good quality, and you will
be able to publicize your business in interesting ways. There is one channel where a private jet pilot, who spends his days ferrying people in his jet, records the whole flight. The video channel has good audio and video quality, and he uses the GoPro camera mounted in multiple locations in the cockpit.

Videos usually last for about an hour as he goes about flying his airplane.
He has never, even once, had to adjust the cameras.
He then uploads them once he has landed.
The videos attract about 50,000 views per video.

This is the epitome of passive income.
Passive income doesn’t just mean that you publish something and off you go to the beaches for your Mai Tai. It also means that you can earn a little extra while your main business is in the foreground. There is a carpenter out in Colorado that has something similar to the private pilot that was mentioned earlier.

The carpenter channel has about 40,000 views per video and the two of them (the carpenter and the pilot) have a differing frequency of video production.
The brilliant thing about it is that you can make it so that each time they publish a video, you get a notification.

From the point of publishing, these guys get to their target viewership numbers within a few days of uploading the video. These may be small potatoes, but, for passive income, it's hard to beat.

The top YouTube producer made over $12,000,000 in 2017.
That was not passive income in entirety because there is a lot of promotion that goes into the more recent videos but, with good quality and good content, the revenue adds up. The top ten earners make more than $100,000,000 in ad-related revenue. Not bad for sitting in front of a computer.

Conclusion Well, there you have it – the five top areas that you can get involved in to build a passive income stream, parallel to the job or hobby you already have. Even if you want to build this into a business, the beauty is that you will then be able to have a longer-term income stream.

You can’t say that for many business models. If you are a restaurant owner, you can have a blog that perhaps provides cooking courses, food selection ideas, or something similar to enhance your restaurant's business. That can then be turned into a website that has affiliate marketing, or one of the products mentioned in the last five chapters, such as a recipe book.

This can produce passive income, long after you have retired, providing you with a solid revenue stream that does not require any effort. Remember that the thing that makes all this easier is to outsource the project to professionals that know each part of the final product.


■♡♡♡■
■♡♡■

This is a good way to get the project completed rapidly and professionally.
You may not be a web expert, but you can get a web expert to build you a website. The same goes for every aspect of audiobooks, affiliate marketing, info products, YouTube videos and print on demand products.

Your task is to package the material and place them up on platforms in front of your prospective buyers. You may actually end up having a lot of fun doing it.

Happy 2019! If you're looking to start an online business or take your life to the next level, - then our FREE “Audible Income Academy Mini Course” can help you. Our step-by-step video training program teaches how we make six figures passive income through Audiobook publishing and guides you to making money online.

Selling Info Products
There is a huge confusion on what info products really are.
Info products are exactly what you think; except maybe look at it from this way – what are physical products ?
Physical products are things that have a physical form. In the same way, info products are products that are informational and usually things that you can download.

They don't include music and entertainment products, but, rather, they include books, instructions, reviews, and even courses. In the other parts of this book, we talked (and will talk) about books, audiobooks, and videos.

That means it’s best if we leave info products as the products that relate to information that people are looking for in terms of e-books, and downloadable content that provides information of value, like courses.

If you have not heard about this, there are sites like Udemy.com where anyone wanting to learn something can look for a course and purchase it.  They will get e-books, videos, and documents that will give them an idea into the topic they are looking for.

So, let's say that you are a really good  photographer, and what you do is create a course in photography and offer it on Udemy. People will buy it and your course stays there for however long you want it to. You are then able to collect passive income from it over the next few years, especially if your course is popular.

In 2017, the top course provider earned close to $3 million. If you are a college professor, a flight instructor, or a diving instructor, you can make a course while you are actually teaching your students and make that into a course that you place on Udemy. That will result in passive income that is spun off your main job; passive income that parallels your full-time job.

You can't beat that. If you want to take it one step further, then what you can
do is hire teachers to make courses, pay them a fair amount and they convert that into a course, together with e-books and apps.

In this way, you can have any course and have any number of them.
The profit potential for these videos of info products are especially for their passive income potential. In most businesses, you do the job once, and you get paid once.
If you want to get more income, you have to do it all over again.

With passive income strategies like the ones mentioned in this book,
you just have to do it once and, after a while, you get passive income from across your offerings – with no expiration attached to it.

Print on Demand Merch For those of you who are not writers or editors,
or inclined to deal with the stresses of self-publishing,
then there is another way that you could get on the online entrepreneurial bandwagon, and that is to start designing t-shirts.

Before you start thinking about sourcing the material and getting a seamstress or a factory to produce the t-shirt, stop right there. You don’t need to do any of that.
T-shirt design is not about sewing and printing, it’s about designing, and Amazon has a new service where you print on demand. Well, actually, you give it to them, and they will print it whenever an order comes in.

So, here is how it works:
You design what goes on the t-shirt and send Amazon the artwork.
There is an online page that you can upload it to.
You will decide the price, Amazon will tell you the cost, and they will take a cut from the sale. You make money each time someone purchases your design.

The buyer will sort out what size they want, and Amazon will do the printing and the shipping. You can just spend your day doodling and designing what goes on the
t-shirt. Their service is called Merch by Amazon and you can tie it to your existing Amazon accounts.

Be warned though, as, at the moment, Merch is by invitation only, so if you want to be invited, just send them a request and they will ask to see some of your prior designs and then you should get accepted.  Once you get in, here is how you make money with it. You can’t just leave it there and hope that someone buys it. That’s too passive, even for passive income.

You need to tie it to some kind of product, brand, or event. If you have a product that you are selling elsewhere, you can brand that product, like games, or you can even have them made as part of a club or group and then direct your buyers to make the purchase on Amazon. Just send them a link. Here is another trick to make a few extra bucks from each sale.

Get an affiliate account with Amazon so that, when you send your customers a link to buy the t-shirt on Merch, all you have to do is send that affiliate link and, not only will you get the income from Amazon, but you will also get an additional affiliate income from them as well.

Don’t worry, it’s not double dipping and Amazon doesn’t mind when you do that. Most people do. T-shirts are a huge business and something that most people need and buy repeatedly.

You can do them in vivid color, or you can do them in classic black and white or monochrome. What if you have no idea how to design, and have no insight into the designing process ?

Well, there is a way out from that too.
Freelancer.com has a feature where you can advertise for a contest and have designers design for you and then you chose the one that you like. Once you have that design, pay the designer then transfer that to your Merch account and get the
t-shirts with that design.

There is another way to make money with this by cross-selling the t-shirts with your books and audiobooks. You can sell them on your info products, or you can sell them on the YouTube videos that you produce. The possibilities are endless. What you need to do is just make the decision to do it.

■♡♡♡■
■♡♡■

YouTube Videos Everyone loves YouTube videos.
Most news and current affairs that people consume come exclusively from the YouTube platform, and then there are hobby-related videos and special interest content and even job improvement skills also on YouTube.

There are some occasions that the YouTube content and format don’t suit what you may be looking for but, for the most part, the content that is presented will provide you with what you are looking for.

That's the beauty of Google - you get exactly what you want, or you just end the video and find something else. The point is that YouTube videos are highly informative, entertaining and are especially relevant when looking for product reviews, how-to videos and movie previews.

So, the question comes down to how do you make YouTube something that will earn you passive income ?
The idea behind passive income is to put in a bit of work upfront, and for that work to result in a product that continuously generates traffic by those looking for the kind of content that you have uploaded. In terms of YouTube, once uploaded and it is of interest, viewership is almost automatic.

What you get from it is a share of revenue from the viewership.
On average, YouTube publishers make about $1,000 per million views from one video. There is no limit to how many videos a publisher can place. When you first start out, you may only be allowed to put in videos that are short – less than 20 minutes. After some time, they will remove those limitations and you will be able to publish those longer videos.

There are two things that you have to know.
The first is that, for those of you who are just starting off, there are numerous types of video editing software that is free. If you have an Apple computer, then there are some really powerful apps that will create videos and sound and give you powerful editing and cutting features.

The videos that you make from these are of good quality, and you will be able to publicize your business in interesting ways. There is one channel where a private jet pilot, who spends his days ferrying people in his jet, records the whole flight.
The video channel has good audio and video quality, and he uses the GoPro camera mounted in multiple locations in the cockpit.

Videos usually last for about an hour as he goes about flying his airplane.
He has never, even once, had to adjust the cameras. He then uploads them once he has landed. The videos attract about 50,000 views per video.

This is the epitome of passive income. Passive income doesn’t just mean that you publish something and off you go to the beaches for your Mai Tai. It also means that you can earn a little extra while your main business is in the foreground.

There is a carpenter out in Colorado that has something similar to the private pilot that was mentioned earlier. The carpenter channel has about 40,000 views per video and the two of them (the carpenter and the pilot) have a differing frequency of video production. The brilliant thing about it is that you can make it so that each time they publish a video, you get a notification.

From the point of publishing, these guys get to their target viewership numbers within a few days of uploading the video. These may be small potatoes, but, for passive income, it's hard to beat. The top YouTube producer made over $12,000,000 in 2017.

That was not passive income in entirety because there is a lot of promotion that goes into the more recent videos but, with good quality and good content, the revenue adds up. The top ten earners make more than $100,000,000 in ad-related revenue. Not bad for sitting in front of a computer.

Conclusion Well, there you have it – the five top areas that you can get involved in
to build a passive income stream, parallel to the job or hobby you already have.
Even if you want to build this into a business, the beauty is that you will then be able to have a longer-term income stream.

You can’t say that for many business models. If you are a restaurant owner, you can have a blog that perhaps provides cooking courses, food selection ideas,
or something similar to enhance your restaurant's business.

■♡♡♡■
■♡♡♤

That can then be turned into a website that has affiliate marketing, or one of the products mentioned in the last five chapters, such as a recipe book.
This can produce passive income, long after you have retired, providing you with
a solid revenue stream that does not require any effort.

Remember that the thing that makes all this easier is to outsource the project to professionals that know each part of the final product. This is a good way to get the project completed rapidly and professionally.

You may not be a web expert, but you can get a web expert to build you a website
The same goes for every aspect of audiobooks, affiliate marketing,
info products, YouTube videos and print on demand products.

Your task is to package the material and place them up on platforms in front of your prospective buyers. You may actually end up having a lot of fun doing it.

Happy 2019 !


■♡♡♡■

Comments

Popular posts from this blog

MARKETING: THE ULTIMATE FREE MARKETING TOOLS 2019

SEO MARKETING: 10 PROVEN STEPS TO S.E.O

500 SOCIAL MEDIA MARKETING TIPS: INSTAGRAM