How can I generate passive income through digital marketing? It is very easy to generate multiple sources of income through Digital Marketing!
Yes, it is very easy once you know the diverse multitude of options you have!
In this blog you will learn :
- What is digital marketing?
- Where to start digital marketing?
- How to generate multiple passive sources of income through Digital Marketing?
- Myths about Digital Marketing
- Conclusion
What is digital marketing?
But aren’t you confused about “What is Digital Marketing”?
Look at what Wikipedia has to say-
Digital marketing is the component of marketing that utilizes the internet and online-based digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and services.
Now you have an idea of the wide spectrums that digital marketing covers.
Check – The best jobs during the pandemic and post-pandemic – Digital Marketing.
Where to start digital marketing?
Digital marketing is vast. It has a very wide spectrum. Here’s a brief idea of types of digital marketing to get started with.
Types of Digital Marketing
- Search Engine Optimisation
- Email Marketing
- Influencer Marketing
How to generate multiple passive income sources through Digital Marketing?
Digital Marketing is such a wide domain. You need to tap into its smaller segments and start learning and mastering that niche.
It is better to invest your time to learn digital marketing because we live in the digital era and the opportunities that lie online are enormous, we just need to be aware of it.
- Start Your Youtube channel
- Personal E-commerce store
- Buy or sell online courses
- Make your app and monetize
- Create and sell logos and designs
- Start freelancing services
- Blogging:
It is just a Google search away. There are so many websites like WordPress, Blogspot, etc where you can write for free.
You need to learn SEO-friendly writing, which you can easily learn through free or paid resources.
Once you drive traffic to your blogs, you can monetize it with ads and guest postings.
Check- Ultimate Guide To Start A Digital Marketing Business With Zero Investment.
- Start Your Youtube channel
This is influencer marketing. You can create content on youtube, Instagram, and similar social media apps and build an online presence.
How will I earn through it?
Youtube ads, selling ebooks/courses, or your consultation calls of mentoring sponsorships through brand deals come with heavy income once you have built a good number of fan following.
That doesn’t mean you need to have a large audience, just a small amount of audience is also sufficient if they are very engaging. Why? Because of compounding!
You don’t need to write a long novel, just a 16page ebook of your decoded knowledge that will be problem-solving and very valuable is enough!
You can generate revenue through it by its number of sales on Amazon, notion press, etc.
You can list your products on Amazon easily or do drop shipping.
Dropshipping has made it easier. You don’t even need a physical store, physical products, you don’t need to manage any product delivery issues.
Many apps like e anchor, Kuku FM exist where you can host your podcasts for free.
Paid hostings are also available. Video podcasts on YouTube are also highly consumed.
The Indian market isn’t saturated with podcasts, it is an upcoming in-demand skill.
You can monetize your podcasts and earn through them.
Everyone needs a website when it comes to some sort of digital branding.
Being a web developer is a very high paying-demand and skill. You can earn a lot through freelancing on each project.
Many people don’t have the time to manage their social media, their role is to post, engage with the audience.
You can be paid depending upon your understanding.
Learning to run paid ads also comes into it.
- Buy or sell online courses
Any skill you have you can teach, make your own recorded videos, or tutor online coaching.
There are many platforms like udemy and unacademy where you can earn through it.
Amazon and other similar platforms offer a lot of affiliate programs under which for every product you use you can refer your affiliate link to your audience on YouTube, Instagram, or other apps. You will in return be given a part of the commission of 10% of the actual price.
- Make your app and monetize
You can learn app development which will take around 4-5 months and learn to rank your app on the play store.
The number of downloads will give you income apart from monetizing it.
- Create and sell logos and designs
Graphics Designers are in need due to the digital revolution.
You can learn how to design logos and freelance.
- Start freelancing services
Once you have learned an in-demand skill, you can start freelancing on any freelancing websites like Fiverr, Upwork, freelancer, people per hour, and charge per hour according to your skill sets, timeframe.
Myths about Digital Marketing
- It is for small businesses – No, big businesses increase their reach multifold on a global level with digital marketing without even a physical shop existing.
- It is only to tap younger audiences- No, every age group can be tapped through digital marketing. It can help target a specific location, specific age group, specific groups easily.
Check – What is Google’s new privacy policy and how will it affect Digital Marketing?
Conclusion
Who doesn’t have a phone and an internet which means who lacks opportunities, only the ones who aren’t aware!
Learning digital marketing is one of the best decisions to make if you want to build your side hustle.
Everything is digital in the digital era. Not only everything, everyone has a digital presence.
The need for digital opportunities has seen an enormous rise and will see more rise in the coming decades due to the digital revolution.
Developing the in-demand high-paying skills will go in the long run in financial freedom.
