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How to Generate Passive Income With No Initial Funds
Last modified: April 5, 2022
There are numerous ways to earn passive income. If you have no initial funds, however, this can be very challenging. So here are some quick lessons on how to generate passive income with no initial funds.
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Choose the Right Model
There are numerous models when it comes to generating passive income. For instance, you could sell digital products like images, ebooks, videos, stock art, and more. Or you could become an affiliate marketer and collect commissions on sales that you make.
Numerous options require little if any, investment to begin with. All you need is a website and the content to promote your revenue generator. So here are some of the steps to take to ensure that you’re generating a passive income with no initial funds.
Step One: Build a Website
The first thing to do is to build your website. This is easy. All you need to do is to have a Shopify website and use a good theme. It is highly recommended to use Shopitimized or Booster. These are great themes that are a little expensive to start with, but they offer higher website speeds and improved conversions.
If you can’t stretch to that. Then you could try to use one of the free themes that are available on Shopify. However, website speed is going to be affected.
Building your website should take no less than one to two days. Be sure to create all the major pages that you need.
Step Two: Get Social Media Accounts
Now you need to build social media accounts. Get Facebook, LinkedIn, Twitter and Instagram as a minimum if possible.
Step Three: Create Content
Blogging is one of the best ways that you can create content for your website. Websites that blog more than three times a week get 70% more revenues than those that blog once a month. Blog posts should be longer than 800 words and you should focus them around certain keywords.
Each blog post should also have specific goals in mind. For instance, what product you’re selling or what affiliate link you want to market.
Step Four: Update Social Media
Every day you should be publishing about three updates. This can include updates about your blog posts, new offers on your website, reviews and updates from third parties. The more updates you publish the more content that will get recognized.
Try to get friends and family to share the content that you’ve published.
Step Five: Keep Going
Don’t stop publishing new content and updating social media. It can take weeks to get a new blog off the ground and you need to ensure maximum chance. In some cases, it can take 200 blog posts before your blog will start to show a return.
Final Word: How to Generate Passive Income With No Initial Funds
Blogging is one of the ways that you can learn how to generate passive income with no initial funds. However, it is not an easy process and it does require lots of time. However, with some effort, you should build a good revenue stream.
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