Introduction

Financial problems have become a big challenge to many people especially if there is only one source of income. It is however possible to have financial freedom and one of the best ways is by finding ways to earn passive income. There are many ways in which you can generate passive income and some of them include;

1) Online advertising

This is one of the simplest methods in which you can earn income through the internet. However, it may not be that easy especially if you have just started and learning how to drive traffic into your site is very essential. Some of the ways in which you can earn money through online advertising include;

Google Adsense- This is a good way in which you can earn money through your website by showing ads that are relevant to your visitors. The best thing about this is the fact that most of the hard work (i.e. picking ads, finding advertisers, tracking the clicks etc.) is done by Google.

MediaNet- This is similar to the Adsense in the manner in which it works. The only difference is the fact that they have a more extensive approval process.

2) Selling your services

This is the most popular way of earning online income and it is also quick to implement. There are many services that you can offer online and some of them are; article writing, video editing, designing websites, tutoring etc. Some of the top websites where you can offer your services online include;

Elance- This is one of the best platforms where one can offer their services online. Here, the client posts his/her project and the service provider on the other hand then bids on that project. The client then looks at your profile and makes a decision on whether to hire you or not. If you get hired for the project, you then do & submit the project and you will be paid.

Other sites that work just like elance include; Odesk, Freelance, Guru, and demand studios.

Craigslist- This is where you can buy and sell random stuff as well as your online services to an active & engaged audience.

I writer- This is also a good site in which you can sell your services. The services offered here are mainly the writing services (articles, eBooks, etc). The clients post their projects while the writer on the other hand works on that project and then submit it. If the client accepts the project, you get paid for it.

Affiliate marketing

You can earn money through Affiliate marketing by promoting other company’s/people’s products and you get a commission on every sale. You simply partner with affiliate programs then get their affiliate links so that you can start promoting them. Some companies that you can promote their products include; Amazon, eBay, click bank, DigiResults etc.

You can advertise their products on your website or anywhere through the internet. When someone sees these products on your site and goes ahead and buys that product, you are paid a small percentage of the total cost of that item.The above are just but a few of the many ways in which you can generate passive income.