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Passive Income Ideas

How To Make Money Online with
2 Passive Income Ideas

During the Covid 2020 Pandemic


SPOTmify make money with 2 passive income ideas during covid19 pandemic

 

2 Passive Income Ideas That Will
Help You Make Money During the Covid 2020 Pandemic

It's easy to imagine passive income as money earned while sitting on the beach sipping mojitos, but there's a lot of work to be done.

 

However, passive income can be a great source of additional funding for many, and could prove to be an invaluable source of livelihood during recessions or during difficult times such as these, such as government lockdowns imposed in response to the coronavirus pandemic. Passive income can keep money flowing when you lose your job or run into financial difficulties.

 

If you are concerned that you will be able to save enough of your income to meet your retirement goals, building wealth through passive income is a strategy that may interest you too.

 

 

What is passive income?

Passive income includes regular income from sources other than the employer or contractor. The Internal Revenue Service (IRS) says passive income can come from two sources: a rental property or a business in which a person does not actively participate, such as a book royalty payment or stock dividends.

 

"A lot of people think that passive income is about getting something for free."
“It has a 'get rich quick' appeal… but in the end, it involves work anyway. You just give the job up front."

 

In practice, you might do some or all of the work up front, but passive income often involves some extra effort along the way as well. You may need to keep your product or rental property well maintained, to keep the passive dollars flowing.

 

 

2 Passive Income Ideas That Will Help You Make Money During the Covid 2020 Pandemic

It's easy to imagine passive income as money earned while sitting on the beach sipping mojitos, but there's a lot of work to be done.

 

However, passive income can be a great source of additional funding for many, and could prove to be an invaluable source of livelihood during recessions or during difficult times such as these, such as government lockdowns imposed in response to the coronavirus pandemic. Passive income can keep money flowing when you lose your job or run into financial difficulties.

 

If you are concerned that you will be able to save enough of your income to meet your retirement goals, building wealth through passive income is a strategy that may interest you too.

 

 

2 passive income ideas for building wealth

If you're thinking about creating a passive income stream, take a look at these 2 strategies and learn what it takes to be successful with them, while also understanding the risks associated with each idea.

 

1. Selling information products

One popular strategy for passive income is to build an information product, such as an e-book, or an audio or video course, then kick back while the money comes in from selling your product.

 

Opportunity: Information products can provide an excellent income stream, because you make money easily after the initial outlay of time.

 

Risks: It takes a lot of effort to create a product. And to make a lot of money from it, it has to be great. There's no place for trash out there.

 

You have to build a strong platform, market your product and plan for more products if you want to be successful.

 

One product is not a business unless you are really lucky. The best way to sell an existing product is by creating a better product.

 

The best solution to be able to make significant sales in the business of selling information products online is to influence mass opinion on the products you sell. As shown by SPOTmify.

 

SPOTmify is a powerful HTML based plugin (widget) platform that can add mass opinion to a product on your website. Where the influence of this mass opinion will appear periodically in a few seconds, continuously, so that it will have a big influence on your website visitors to immediately "participate" in buying the products you offer on the website.

 

Once you master the business model, and master the mass opinion included in the individual opinion of website visitors, then you will easily sell any product on your website. You too can generate a great income stream quickly.

 

 

2. Affiliate marketing

With affiliate marketing, website owners, social media "influencers" or bloggers promote third-party products by including links to products on their sites or social media accounts. Amazon is perhaps the most well-known affiliate partner.

 

Opportunity: When a visitor clicks on a link and makes a purchase from a third party affiliate, the site owner earns a commission.

 

Affiliate marketing is considered passive because, in theory, you can earn money simply by adding a link to your website or social media account. In reality, you will get nothing if you can't attract readers to your site to click on a link and buy something.

 

Risks: If you're just starting out, you'll need to spend some time creating content and building traffic.

 

By using SPOTmify, you can easily share information and mass opinions about an affiliate product that is sold on Amazon through your website.

 

SPOTmify will be the best solution, where you can show who has bought Amazon products recommended by your website, regularly.

 

Imagine, ...

 

If I have an Amazon product review website, I have this SPOTmify tool installed.

 

When you go to google and search for "Barbecue Making Guide", find my website and visit it and start reading reviews of the "Guide to Making Barbecue".

 

And while you are reading a review of the manual, there is an "alert" in the bottom left of my web page informing you that;

  • "John Doe from Los Angeles, just bought a Barbeque Making Guide 1 day ago".
  • "Jane Doe from San Francisco, just bought a Barbeque Making Guide 3 days ago".
  • "Johnny Doe from London, just bought a Barbeque Making Guide 1 hour ago".
  • "Jenny Doe from New York, just bought a Barbeque Making Guide 2 days ago".
  • etc...

 

What would you do if there was a persistent "notification" in the bottom left of your browser about the manual you were looking for?

 

I am sure you will click the recommended link in the "alert or notification" or the recommended link in the review of the manual. And you'll automatically go to the Amazon website to browse other reviews and buy the book right away. That is right?

 

That's what SPOTmify will do, if you install it on your website.

 

Get the SPOTmify plugin here.

 

... OK, let's move on to this final review of passive income ...

 

What income streams should you have?

There is no "one size fits all" advice when it comes to generating an income stream. How many sources of income you have should depend on where you are financially, and what your financial goals are for the future. But having at least a little is a good start.

 

You can catch more fish with multiple lines in the water. In addition to the income generated from your human capital, review websites and online businesses are great ways to diversify your income stream.

 

 

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