Ecom Residual Income Passive Income Ideas: 2 Tips to Make Money Online

If you’re aiming to be financially independent, you must find ways to earn passive income. There are several ways to achieve this, but you need to work hard and put in a lot of hours in the beginning. However, in the end, you’ll reap a ton of benefits. You’ll have more time to pursue your passion and other ventures.

You can learn from sites such as https://www.journalreview.org/ about lead generation and other ways to make money online, but here are some tips on how you can make passive income easily.

Create an online course or write a guide

If you have something to teach, you could create an online course and sell it on platforms such as Udemy. You can actually host the course there and take advantage of their audience. Creating an online course takes time, but it will become passive income after you publish and market it. People pay for courses such as painting, drawing, yoga, and photography, to name some popular ones. The course doesn’t have to be academic in nature.

Here are a few tips on how you can create an online course and use it to have a stable future:

• Teach what you know. When you’re selling a course, you need to be an “expert” in the topics you’re going to write about. Your audience will know if you’re actually knowledgeable or if you’re simply beating around the bush and trying to pass as an expert.
• Learn. Even when you’re already an expert at something, adding more to your knowledge will only make your course more valuable. Search for the top 3 books that are related to your course and learn what you can. It may take two or three weeks, but it will be worth it.
• Create a course outline. You need to plan the whole course by creating an outline. Make sure that the course answers a problem. You need to present the problem and provide solutions to that problem.
• Create the content. When you’re creating content, keep in mind that people are going to pay for that course, so you need to be straightforward. Don’t worry about your first draft. The most important thing at this point is to finish the course with valuable content. You can edit it when you’re finished with the draft.
  

The course format could be in text, video, or audio forms. Publish the course online.

Do dividend investing

Dividend is the money that you earn from a company after you buy a portion of their stocks. The earnings of that company are distributed among the stockholders in the form of cash. Your earnings will depend on the number of stocks that you own. Dividends investing is one of the best ways you can earn passive income. However, this also means that you must have some cash that you’re willing to invest. Here’s what you need to do:

• Find dividend stocks with the use of Google Finance Stock Screener. It is a free tool and you can use it to look for companies to invest in. You can modify your search to give you the minimum and maximum values.
• Buy stocks through a broker or buy from the company directly. Make sure that you know what the minimum investment is for each company before you purchase stocks. You can also use brokers such as Forex, Ally Investment, TD Ameritrade, and Vanguard. They could offer lower trading costs and can manage your investments better.
• Get cash payment or reinvest. When you get your dividends, you have two options. You can either get cash payment, which will be deposited in your savings or checking account, or reinvest through a dividend reinvestment plan (DRIP). This means your dividends will automatically be used to buy more shares.
• Track dividends. Dividends can change at any time, so it is up to you to track and determine if you should continue with the plan or sell your stocks should they become too low for you.
  

Conclusion

There are many other ways that you can make passive income online, but these two can be very profitable for you when they’re done right. Keep in mind that being employed will not always reap great financial rewards. Most employees live paycheck to paycheck and can barely make ends meet. Earning passive income will make a huge impact on your finances and could help you achieve financial independence. You’ll eventually be able to quit your 9–5 job should you wish to and do more with your time.