₦airaland Forum

servicegiver:
Interesting!! Its amazing that there are people who understand the essence of passive income. But let me ask, is passive income capable of making one rich?

Please be elaborate as much as you can..

Thank you.

Yes it is o... People have become millionaires by passive income and there are different avenues for passive income.

Most streams require serious effort of about 3-6 months and then you earn with minimal effort for the rest of your life, some require serious effort every now and then to earn so it's up to you.

However you can harness multiple streams of passive income, that's where the real balling is though.

iykepromotions:
Edited; this thread is all about exposing one of the other ways to make money online. I don't want this thread to go far however my original thread was deleted late last week by the overzealous antibot. And I promise that this thread will be more interesting than the first thread.

Introduction;
As I write earlier this thread is focusing on how to make money with NEW and EXPIRED domain names, tips, experiences. Do and Don'ts.
It still amazes me that quite a large number of Nigerians are fully online with different devices phones and computers but yet not making money from it. Many things have changed and one of the easiest way to make money now is online. Quote me anywhere.

Now you may be asking" what is a domain name and how can I make money from it"?
Calm down
In one word a domain name is an online real estate. If you want to get a website for personal or business use, what you need first is a domain name. Just like if you want to to build a house, no matter your plans and design, you need a land first.
In other words, without a domain name there will be no website. Without a domain name there will be nothing like e-mail address. "Now how do I make money from it"? The truth is that most good domain names have been taken. ... They have all gone. For example all 3letter domains names has been taken. You can form it and confirm. The only avenue to target is expired domain names. And what is expired domain name again? These are domains that the original owners fail to renew. every domain has an expiry date. The maximum you can register a domain is 10 yr which the minimum is just 1 yr. Now if the original owner fail to renew it after the year duration, some grace period will be given after the domain will be dropped and become available for anyone to re- register and it's legal.

Now this is quite easy and anybody with the right information and tools can do it and have a wonderful result. This is from my personal experience and not a hear say. Now this is richly profitable but just like any other business it has some basic strategies and ways to do it in order to get decent result.

Questions and enquiries are welcomed.

I don't know about you but all these domain talk sounds very complicated...

You can try Affiliate Marketing though, it has made a lot of young people millionaires today.

There are other ways to make money online, though:
- Freelancing
- Copywriting
- Amazon KDP (writing ebooks on Amazon)
- Graphics design
- Web design
- Blogging
- Social media content creation, etc.

I don't know about you but all these domain talk sounds very complicated...

You can try Affiliate Marketing though, it has made a lot of young people millionaires today.

There are other ways to make money online, though:
- Freelancing
- Copywriting
- Amazon KDP (writing ebooks on Amazon)
- Graphics design
- Web design
- Blogging
- Social media content creation, etc.