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[Free] Secrets of Creating Passive Income Online Revealed

Secrets of Creating Passive Income Online Revealed

Why you must Choose the Passive Income Model

There are many different ways that you can make money online. The model that we have chosen for making $10,000+ per month after 90 days is a passive income model. A passive income model means that you setup something once and then do a little work to maintain it and earn money passively.

Stop Trading your Time for Money

What is the alternative to passive income? Well it is trading your time for money known as “active income”. If you have a job at the moment then you are trading your time for money. If you are an online freelancer and you write content, design websites or write code for applications then you are trading your time for money.

We all have the same amount of time each day. With active income you can only earn as much as the time you are willing to put in. If you are an online freelancer and you can’t work for a few days then you will not earn any money for that period.

You cannot gain more time so your ability to earn more money with an active income model is extremely limited. There are things that you can do to use your time more efficiently and squeeze more productivity out of your time but these will not increase your earning by a large margin.

Make Money while you Sleep

When you adopt a passive income model you can literally make money while you sleep. Imagine spending a few minutes or even a couple of hours on a passive income task and then waking up the next day with hundreds of dollars more in your bank account!

With active income you are working on a one on one basis. There is one employer who pays your wages. You earn money as a freelancer on a customer by customer basis. With passive income you will be connecting with many people at the same time, and for all those that make a purchase you will make money.

While it is easier to earn good money with an active income model faster, in the long run a passive income model will always have the capacity to overtake regular active income with very little work. Passive income models can bring results pretty fast as well.

Passive Income Models

There are many passive income models. Here are some of the most popular ones:

  • Email Marketing

Here you will build a list of email subscribers, normally in exchange for an incentive. You can use the services of an autoresponder to send automatic email sequences out to every subscriber and you can send a broadcast message to part or all of your list whenever you want.

The idea is that build a relationship with your subscribers so that they trust you. You can then send them promotional offers for your own products and services or other people’s (affiliate marketing).

  • Create your Own Product

If you have expertise in a niche and can create a product or service that will solve a problem for your audience then this is a good passive income model. There will be some significant work required to create the product and the sales tools that will have to go with it. You can also outsource this work if you prefer.

Once your product is ready you will need to promote it to generate sales. Some niche forums have a marketplace where you can advertise your product. You can also team up with other people in your niche that have an email list and split the sales revenues with them for promoting your product.

  • Write an eBook

This is another form of product creation. You will write an eBook (or outsource the writing) that solves a problem that your audience has. You will need to research this to ensure that there is sufficient demand for you to make good passive income.

Once your eBook is written you can use digital book platforms to promote it. The most popular of these platforms is Kindle owned by Amazon. There are self published authors that have their eBooks on Kindle that make many thousands of dollars every month.

  • Sell Physical Products on Amazon

Here is another great passive income opportunity to make thousands per month. The Amazon FBA (fulfilled by Amazon) program allows you to advertise your products on the various Amazon websites. Amazon will charge you for fulfilling the product but you keep the majority of the sales revenue.

This is not as easy as it sounds and you need to select products that are in demand and not too competitive. You can use a website like Alibaba to find suppliers of these products in China and other countries. You just add your brand and sell them via Amazon.

Time now to reveal our chosen passive income model for you to make $10,000+ a month after 90 days…

List Building and Email Marketing

Building an email list and then promoting offers to your subscribers to generate income is one of the most tried and tested passive income models around. Successful Internet Marketers have been using this method for years because it works.

Why you need to build an Email List

We have chosen list building and email marketing for your $10,000+ a month in 90 days method because it has a proven track record. There are some Internet Marketers out there that earn much more than $10,000 a month from their list building and email marketing efforts.

One of the main reasons that email marketing wins over other forms of passive income is that you can communicate with your subscribers as often as you like. Have you heard the sales adage that it takes up to 7 contacts to convert a customer? This is pretty accurate and most people will not purchase the first time around.

If a potential customer visits your sales page they will either buy your product or leave. If they leave then there is very little chance that you will see them again. With email marketing you will have your potential customers for a long time as long as you take care of them.

Email is one of the most effective ways to communicate online. This is unlikely to change for a long time to come. Once you have an email list you have an instant traffic source. Most Internet Marketers struggle to get traffic so email marketing is the perfect solution.

It is important that you develop a good relationship with your email subscribers. If you do this then they will respond a lot better when you present them with offers. It will take a little effort but it is worth spending the time to do this.

People like to receive emails. To some people it means that someone cares about them. Most people check their inbox several times a day and this is all good news for you when you become an email marketer.

Building an email list is not difficult to do. If you believe that it is difficult, reading this guide will change your mind. You do not have to possess technical skills to set up an email list. We will show you exactly how to do it step by step.

So the most important reasons why you need to build an email list and use email marketing are:

• People like to receive emails

• It is not difficult to build an email list

• It is an instant traffic source

• You can present offers and make money whenever you want

• List building and email marketing are exciting

• You are not trading your time for money

• You can live the Internet dream

You will be Building an Asset

One very important area that we have not touched upon in this chapter yet is that an email list is an asset. As your list of subscribers grows and grows so does its value. If you take good care of your email subscribers and you send them emails regularly then you will have a very valuable asset on your hands.

If you wanted to sell your list to another Internet Marketer then you could command a very high price for it. If you choose another passive income model which just relies on you sending traffic to a CPA offer or similar then when you stop sending traffic the money will stop.

You cannot easily sell a CPA business or a product creation business. They are not assets. An email list certainly is. In conventional business you see companies changing hands for a fortune. This is because they have assets such as software intellectual property rights, a patented product and so on.

There are not that many Internet Marketing models where you will build an asset. If you create the next Facebook then you are on to a winner. What is Facebook’s biggest asset? It’s huge membership base of course. You will be building your own membership base when you build a list.

All Internet Marketers know that they should build a list but they come up with all kinds of excuses why they don’t do it. This does not make sense as list building is easy and so is email marketing if you know how to do it properly.

Now it is time for you to understand…

The Math For $10,000 Per Month

When you are building your list and conducting email marketing you need to treat it as a business. This means that you need to know the numbers or metrics that are important. You need to look at opt in conversions and the value per subscriber as a minimum.

Too few Internet Marketers really know their numbers. They try many different approaches and do not measure how well they performed. You must take the time to do this. It is just simple math in a lot of cases.

$1 per month per Subscriber

For a long time in the Internet Marketing world it has been accepted that each email subscriber that you have on your list is worth $1 per month. This does not mean that every subscriber is going to spend money – it means that on average there is a $1 per month spend per subscriber.

Nothing has changed for us to believe that this rule of thumb is not relevant today. There will never be a shortage of people that want to learn how to make money online for example. They will spend money on the resources that they need to achieve this.

So base all of your calculations on:

$1 per subscriber per month

Getting to 1000 Email Subscribers

Your aim should be to get 1000 email subscribers on your list in the first month. If you think that this is impossible there was a recent case study where an Internet Marketer who was relatively unknown started to build a new list and got 1,000 new subscribers in a single week!

You can do this but it is going to take some serious effort. It will help if you are willing to throw some money at this. In a later section we will provide you with some very good ideas to drive traffic to your squeeze page (more on this later) so that you can rapidly build your list.

The more subscribers that you can add to your list the more opportunity you have to make it even bigger. You can do this with free traffic but it is going to require that you devote a great deal of time which you might not have. There are lots of tasks that you can outsource to drive traffic and if you have the budget then you can leverage your time by doing this.

Getting to 5000 Email Subscribers

After you have reached your 1,000 email subscriber target you need to aim to grow your list to 5,000 subscribers. Again you can use techniques such as ad swapping (explained later) to make this happen quickly. Make it a target to have 5,000 email subscribers by the end of the second month.

Getting to 10,000 Email Subscribers

This is the magic number. If you apply the rule of thumb about email marketing then 10,000 subscribers will mean $10,000 a month or more. So your target for the third month or 90 day period is to have 10,000 subscribers on your email list using the traffic methods that we will explain in a later section.

Once you get to 10,000 email subscribers you do not want to stop there. Keep on building your list for as long as you can. Imagine having 20,000 email subscribers – that should bring you in $20,000 per month. What about 50,000 subscribers or 100,000 subscribers? The math is easy so get excited about list building!

A Special Gift for Those Who Want to Learn More:

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About CyKnight:

Graduate of Masters in Health Administration from private university in Los Angeles, California. I work with businesses, freelancers, and hard working professionals as their authoritative guide to creating supplemental or replacement income streams.


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