(Editor: This is a guest post by Michael Chibuzor, a Freelance writer. In this post Michael touches on a topic I consider to be a life-line for many bloggers. If you are struggling trying to make money with your blog, you will need to listen to what Michael has to say here. Enjoy! )
If you’re a full time blogger, you already know that blogging is hard work.
I mean, it’s so hectic that if no one is motivating you, the chances of giving up are high. Is that correct?
Over the years, I’ve not really shared with my readers and email subscribers how I earn a living online.
Many of them believe I only generate income from freelance writing.
But that’s not true, 20% of my income is from passive sources, which I want to share with you here.
In order to avoid working hard like an Elephant and getting paid peanuts either from advertising, freelancing or pay per click ads, I want to humbly walk you through the process of building passive income streams.
You’re qualified to earn more
Every blogger is qualified to make more money online. Because time is precious and there are no set of entrepreneurs online who waste more time than bloggers. Do you doubt this?
It takes a lot of time to research, write blog and guest posts, optimize for readers and search engines alike. All these activities could burn you out if you’re not getting the due rewards.
That’s why you need passive income streams. And of course, I’m not saying it’s going to be easy, but passive income is better than a one-time business model.
For instance, if you’re a writer like me, once you write the article and send to the client, your payment will be sent and that’s it. The client can do anything he or she pleases with the content. Why you yawn and pray.
These days, I discovered that clients have become overnight bestselling authors. They never labored for this – except their money.
If entrepreneurs who outsource jobs to bloggers are this wise, I think the time for bloggers to rethink their strategy has come. I mean today…
What is passive income?
I’m not going to give you a complicated definition here, because passive income is not a get-rich-quick scheme. It’s actually the most viable business model to channel all your efforts on.
In a nut shell, passive income is the type of income you generate from active sources which you’ve worked hard on.
Remember, for any model to bring you passive income, it MUST to be active. In other words, it must be functional and performs optimally as though you were still supervising the work. If you’re looking for quick money and you start working towards earning passive income, I’m afraid, you may give up.
This is because passive income takes time to mature. It’s the essence of life where time dictates events.
Just like a boy isn’t expected to get married at age 10, if you’ve a niche website that you just launched, you need to give it time to mature. Bear in mind though that the time frame to generate passive income is relative. This might be due to competition and other factors.
Here’s an example: two of my micro sites in the software niche started earning $100 – $300 per month respectively within 3 months.
I worked hard for it, but more than that. I also worked smarter than most bloggers out there. According to Martin Luther King Jr, the time is always right to do what is right. So get started…
Profitable passive income streams
From henceforth, you should focus your 90% attention on passive income. But the question is, which streams are better than others? I’m not going to bore you with the common ideas that so-called experts give, instead I want to challenge you to start building niches sites.
Don’t be scared of Google Panda, Penguin, EMDs or even Lion updates. These updates can’t destroy your niche sites if your foundation is strong.
The solid foundation for passive income with niche sites is quality content. Many people don’t even know what ‘quality’ content is all about – because it’s relative.
For instance, the blog post that I found helpful may not even be valuable to you. I could recall an evergreen guest post I wrote for lifehack.org in 2012. It was really actionable, to the extent that a major media agency picked it up, visited to my blog and asked for my permission to republish it.
On the other hand, a stranger emailed me also saying the article was full of generic tips and has no benefit…that’s human perspective for you.
The only thing that makes any type of content a ‘quality’ piece is when it solves a problem, resonates with people’s interests, adds value to what people already know or remains relevant as the year goes by.
That’s quality content at its very best – it’s got nothing to do with keyword on the title or using big grammar and nonsensical jargons (don’t write like that).
Passive income hack
Use Google keyword tool to research long-tail keywords in your chosen niche. Once that’s done, register a domain name that has at least one of the terms that people search for. Do the usual wordpress installation and start adding pillar content.
After two months, build quality and natural links to those money pages and continue to add exclusive content.
Within 3 – 6 months, your niche site would start to bring in passive income. And if you continue to work smart on it, you’ll earn decent passive income without touching a pin. Sounds like B.S.?
Why not give it a shot; after all I’m not selling you another $47 e-book that would work you through the entire process. I’m giving you a wake-up call today.
Stop slaving away at your blog updating and replying comments, it’s not worth it. Build a reliable source of passive income with niche blogs and say bye-bye to blogging nightmares.
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