How to Start with Passive Income Online

Learning how to make money online has been an extremely fun and rewarding experience for me. But it didn’t happen overnight and it hasn’t been easy. I literally went to Google one day and typed in – “How do I make money online?” That got me started. I ended up trying lots of different tactics and I earned a little bit of money along the way. But then the concept of creating passive income online occurred to me and my efforts ever since have evolved into what I do now.

Getting Started with Passive Income Online

Passive Income Defined and Explained

Passive Income can be defined as an income received on a regular basis, with little effort required to maintain it.

In other words, residual or recurring income that takes very little effort to maintain. This is one way to describe passive income and it is the definition that I prefer. Note: it does not say little effort required to create it. In my experience, it takes a great deal of time and effort to create these types of income streams. But once they are set up and the passive income rolls in month after month, the effort to maintain is minimal. And believe me – after you get this to work once, you will be addicted and you will want to create more and more passive income streams.

How to Get Started

The #1 thing you must do to get started is create your own presence on the internet. And I’m not talking about a Facebook page or a Twitter account (although those are good too). You need to have your own website! Getting your own website and learning how to publish content on it will prove to be essential if you want to learn how to create online passive income streams.

Learn how to get your own website up and running today! Really great guide with videosClick To Tweet

Free Website Options

There are options available to create your web presence for free. Sites like Blogger, Tumblr or WordPress.com. I myself started out on Blogger and I DO NOT recommend these free options for a few reasons…

  • free manureYour domain name will be an extension of the larger site. For example, mine might look like this http://dumbpassiveincome.blogspot.com
  • You don’t technically own any of the content you publish on these sites. They could shut down at any time and you could lose everything.
  • You have fewer options available for customizing your design and functionality and more restrictive revenue guidelines to follow.
    • Example: WordPress.com doesn’t even allow you to advertise!
  • You WILL eventually see the light and want to move to your own self-hosted site. Moving your existing content can be a real pain (especially for beginners).

Benefits of a Self-hosted Website

Having your own self-hosted website simply means that you are buying your own domain and paying to have your site hosted somewhere. I HIGHLY recommend and encourage this route over the free options for several reasons…

  • You will OWN your domain and all of your content. All rights to all of it will belong to you.
  • You will have a stand-alone domain name. Example: http://yourawesomewebsite.com
  • You will have unlimited options available to customize the design and functionality of your site. Plus, you will be allowed to create revenue in any way you see fit!
  • You can have your own personal domain email address. Example email: [email protected]

Recommended Hosting for Beginners – Bluehost

bluehost-logoBluehost is by far one of the most popular and widely recognized hosting companies. I did not start off using Bluehost, but saw several other people recommending Bluehost for hosting services. I decided to try Bluehost for one of my new niche sites and I was really impressed! I’ve been using them for all of my new niche sites ever since.

Bluehost is a fantastic option for beginners for a few reasons…

  • FREE domain name with hosting purchase – takes a few steps out of the setup process for your first time.
  • Incredibly easy to use and understand interface – all self-explanatory with help options available
  • Customer service and support are amazing – they treat their customers right and do whatever they can to help

Common Misconception for Beginners

Buying a domain name (yourawesomewebsite.com) is NOT the only step needed in order to get your site online. For example – if you go to a domain registrar site like GoDaddy and purchase a domain, that only means that you own the domain and the rights to it. You can’t put anything on that domain until it is hosted somewhere. In other words – buying domains and buying hosting are totally separate and different transactions. But Bluehost makes it really easy for you by combining both steps into one. PLUS – if you buy hosting at Bluehost, they will give you your domain FREE for the first year!

Check Domain Availability NOW!

Got a domain name in mind? Use this tool to see if yours is available…

 

Demo Video: Easily Purchase Domain & Hosting

I created this short video to show you how quickly and easily you too can purchase your own domain and hosting at Bluehost

Or CLICK HERE to watch the video directly on YouTube

Note: Links on this page that lead to Bluehost are affiliate links. I will receive a commission if you choose to purchase hosting through one of these links. Thank you so much if you do! I really appreciate your support.

What if I don’t have a clue what to do next?!

Okay. So you chose a domain and purchased a hosting account. Now what? How do you put words and pictures on your site and make it look the way you want? Don’t worry. I won’t leave you hanging. I’ll point you in the right direction and help get you started.

WordPress for Content Management

art of wordpress

WordPress is by far the most popular platform in the world when it comes to content management for websites. The stat I’ve seen in several different places recently is that more than 26% of all websites worldwide are currently running on WordPress.  More than 1 out of every 4 websites in the entire world is on WordPress! Since most bloggers and internet marketers use WordPress, it will be really easy to find help and support if and when you get stuck with something.

All you have to do is load WordPress onto your site and you’ll be off and running! This is really easy to do and literally only takes a few minutes. Included below is my instructional video on exactly how to do this…

Load WordPress from within Bluehost

Or CLICK HERE to watch the video directly on YouTube

Did you know? Publishing content on your own website is as easy as typing a document in Word or DocsClick To Tweet

How to Use WordPress to Build Your Website or Blog

After loading WordPress, simply log in to your site and start familiarizing yourself with the WordPress menus. It’s all self-explanatory and easy to learn. If you get stuck or need further instruction – simply Google it or look stuff up on YouTube. Lots of others have created excellent tutorials on literally every single aspect of using WordPress.

If you’re a total WordPress beginner… I would suggest watching a series of videos that were put together by my friends over at WP Beginner. It might take you maybe an hour to watch most of the videos and it will be time very well spent. Take the time to educate yourself. Knowing and understanding the ins and outs of WordPress will be absolutely essential to your success with your website. – http://videos.wpbeginner.com/ Note: you do need to sign up in order to access those videos. I’ve signed up myself – and I assure you, it is 100% legit. Nothing but value. No scam.

Thank You!

Again – I just wanted to say Thank You. Especially if you chose to purchase hosting through one of my affiliate links. You have no idea how much that means to me and how much I appreciate it. Support like that from a person like you is what keeps me going and keeps me motivated to continue providing valuable content on this blog.

P.S. If you’ve found this page to be helpful, would you mind sharing it? Simply click on any of the sharing icons provided.

Image Credits

Human – business evolution” by patriziasoliani via Flickr

Free Manure” by slimmer_jimmer via Flickr

The Art of WordPress” by mkhmarketing via Flickr