How to Make Money Online by Building a Passive Income Model

Everyone wants to make money online, but only a few people actually know how to do it.

What if there was a way to even make money online and do it passively?

That’d be massive because you can then be free to take on other activities that you enjoy.

I call this the joy of passive income.

And that is what Tim Stoddart wants to show to every passive income enthusiast on the internet.

He believes that anyone can make passive income online because he did it with his marketing agency, did it again with 2 blogs, and have studied thousands of people who have done the same.

Here’s his 4-step process for making passive income on the internet:

Learn a Skill and Sell It As a Service

The ironclad law of making money is that if you create massive value, you’ll earn massive money.

So what kind of value can you create?

Common examples include profit, time savings, and better health.

Concrete examples:

  • SEO
  • Accounting
  • Copywriting
  • Content writing
  • Personal training

Master a skill that helps people on a deep level, turn it into an offer, and either get a job or find your first few freelance clients through cold outreach.

Build a Distribution Network

Though selling your time is a great place to start, you want to transition to something scalable.

You also want to have clients and customers come to you rather than you going to them.

Distribution networks help you do both.

Common examples:

  • Email lists
  • YouTube channels
  • Social media accounts

I recommend getting traffic through social media and/or YouTube, then converting it into newsletter subscribers.

That way, you own your audience.

Build Products and Systems to Generate Scale

Now that you have some leverage, you can turn it into a scalable business.

Your first option is converting to an agency where you hire and systemize so you don’t have to do all the work.

Your second option is creating products.

Common examples:

  • Courses
  • Communities
  • Paid newsletters
  • Relevant physical products

Now you’ve mostly or completely separated time from money.

Monetize Through Automation

Email is the world’s best tool for selling on autopilot.

For products, you can:

  • Attract subscribers
  • Send them a sales flow
  • Sell your product in those messages

For services, you can:

  • Attract leads
  • Send them a sales flow
  • Sell sales calls in those messages
  • Sell your service on those sales calls

If you hire a pro for your calls, the process is completely automated.

If you do it yourself, it’s still partially automated.




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