In today’s post I am going to share with you how to make passive income online with 3 steps.
Further I will also share with you a shortcut at the end that I learned from Justin Brooke who is the founder of Adskills.
How To Make Passive Income Online With 3 Steps?
Yes one thing for sure that these 3 steps to make passive income online which I am going to share with you below in the post are proven to work.
Or you can say this is the blueprint or framework to make money online.
So if you’re an entrepreneur and wants to know how to make passive income online then this post is for you.
Ok now you tell me would you like to know to how to make passive income online?
If your answer is “Yes” then let I tell you in short.
- Find an opportunity to create value
- Create value
- Capture value
Now you might be wondering what the heck I am talking about?
I haven’t talked about any automated system, program, money making machine or software to make money online.
And here I am talking about finding an opportunity to create value, create value and capture value something like that.
Let I tell you so called truth that this is the real concept to make real money online or to make passive income online that you have to understand.
And once you understand this core concept then making passive income online will not be a hard work to do.
Let I explain all this in details, shall I?
1. Find An Opportunity To Create Value
This is the step most wannabe entrepreneurs get hung up on.
They say things like: “I just don’t have any good business ideas”.
Let me be real with you: You don’t need a good business idea.
All you need is to find a way to create value.
And all “creating value” really means is “helping people” — preferrably people who have access to money.
Because if they don’t have money then you’re not going to get paid. Got it!
Let me give you an example of a time-tested way of creating value: Help business owners to get more customers.
BOOM. There’s an idea for you. You can now go ahead and trash your notebook with your “million dollar ideas”.
2. Create Value
Once you’ve found an opportunity to create value, the next step is to actually go ahead and create the value.
This can be done in a variety of ways.
The best way to find out how to do this for yourself is to take inventory of your skills and experiences.
So if you’re a designer and your goal is to help dentists get more patients, designing better websites that are more likely to attract customers may work for you.
What if you have no marketable skills?
Well, you’re in luck young padawan because — unlike looks — you’re not stuck with the ones that you are given at birth. You can always learn new ones.
And in my opinion, digital marketing skills are some of the most useful skills when it comes to generating value.
Learning Facebook ads is a great place to start because you can advertise almost anything to anyone through Facebook ads.
How much money you make is largely dependent on how much value you create.
So you always want to be on the lookout for better ways to create that value.
This may come in form of new skills you learn and apply or employees you hire to help you out.
3. Capture Value
If you’re goal is to run a charity, you can stop at step #2.
But if you want to make 7 figures, you better listen up.
You want to make sure that you are capturing the value you create by being compensated in the form of money.
This may sound too simplistic. But the way you capture value can have a big impact on your earnings.
How are you charging? Per lead? Per project? Per month?
All these are different ways of capturing value. How MUCH are you charging?
You have to try out and see what maximizes the value you can capture. Right!
Alright, so these were the 3 steps on how to make passive income online or you can say that this is the “Entrepreneurial Money-Making Framework” for you.
You can use it to create a Tim Ferriss-style lifestyle business or the next AirBnB, it’s really up to you.
Whichever route you take, one thing is guaranteed: You’ll come across plenty of problems and roadblocks along the way.
You can either learn by trial and error OR you can take a shortcut…
I don’t know about you but sometimes I like shortcuts. If there is a path that gets me to my destination quicker, I’ll take it.
When it comes to making money, there are also shortcuts. One of them is to pick a proven business model and ethically hack them. I mean model them.
Wan to know how to successfully and legally hack the business model?
If yes, then register for Funnel Hacks Masterclass by my mentor Russell Brunson founder of Clickfunnels where he will show you how a weird niche funnel that’s currently making him $17947 per day (not per month).
Ok now coming to end, let me know how did you find this post on how to make passive income online with 3 steps.
If you have any questions or queries then let me know in the comment below, I would be happy to help you.
Finally, if you like this post then please share it with your friends or with somebody who you know will get benefit from this post.
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Hi, my name is Pankaj Singh and I am an Online Affiliate Business Consultant. I help brand new marketers who are struggling to start their online affiliate business for making their first commission online and I show them step by step process so that they can start their online affiliate business and make their first commission online doing what they love to do. My favorite quote “Typical people always get typical results.” So don’t be typical in life. What I learned during my journey that always be willing to fail, invest in you and your business. Last but not the least never ever, ever Give Up!