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Wednesday, December 28, 2011

How to Make Passive Income With a Blog Website for Free

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Creating a website and monetizing it to make passive income is probably one of the most straight forward things you can do to make money in this world. The best part about such a strategy is that you can do this without having any start up cash. Yes, you heard me right...you can build a website and make money from it without having to spend any money.
Get a website
First let's understand how this process works. The first thing you will need to do is get a website. Actually, before you can get a website you will need to decide on a name for that website. Pick something related to one of your hobbies. Let's try something like "make-alot-of-cash" and go from there. A website name is like your mailing address. No one can find your website if there is no address, right? OK this key part is done, so what's next?
Buy a domain
Once you have decided on a name for your website you will need to purchase a domain. This is basically how you get the www. and the .com part of your address. So if you purchased a domain for your site it would cost around $11 per year and it would look like this www.make-alot-of-cash.com">http://www.make-alot-of-cash.com</a>. Once this part is done, you can move to the next step.
Get hosting for your website
Once you have chosen a name and purchased a domain for your site you will need to set up hosting. Hosting is basically where all your content for your webpage will be stored. This is where you will put your pictures, backgrounds, and other files related to your website. You can estimate hosting to cost around $5 per month.
So as it stands you have spent a one time payment of around $10 and you will be paying around $5 per month to get hosting fees for your site. But, wait....I did say you could do this for FREE!!! Here is how.
Why Pay When you Can Do it all for Free
Instead of purchasing a domain and paying monthly for hosting, you can skip this part of the process by going to some free blog websites like WordPress and Google's Blogger service. Both of these programs give you free webpages AND they will also host your pages (drumroll) for FREE!!
They are simple to set up and you could be up and running in minutes. I did some webpages for a while back in college but I actually got started again recently by creating a Blogger webpage. Once I got the hang and feel for it and made some money, I moved on to creating another webpage which is now my main site.
Check out Blogger or WordPress and you can get started with your free webpage today.
Monetize the site For Free
I saved the best for last and this is the last thing you will need to do anyway. There is a very popular money making program called AdSense which is run by Google. With this program you sign up with Google and if accepted Google will place relevant ads on your webpage.
If you have a site about dogs, Google will place ads about dogs on your website. You will get paid every time someone clicks on one of your AdSense ads. I signed up for AdSense and got my first commission in less than two weeks. This is not a bad return for something that cost you nothing to put together.
I currently use AdSense on my sites and nothing is more fun than logging in to my AdSense account and seeing that someone clicked on one of my ads and I earned my commission.
So if someone were to visit my page right now and click on my ads, I would get paid. And the best part is that this is all free so the money is all profit.
Dale Poyser has been investing for over a decade and has done meticulous research on many passive residual income ideas and strategies that can add low risk residual streams of income to your life.
Not only does Dale personally practice the methods he writes about, he has also coached many others in these methods to show how easy it is to make money with passive residual streams of income. You can read more about Dale's strategies at http://bestresidualincomestrategies.com/
Article Source: http://EzineArticles.com/?expert=Dale_Poyser

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