By Tal Gur
The key to Becoming Financially Free is a simple equation: monthly passive income greater than monthly expenses equals Financial Freedom.
The path to freedom, however, is not a straight line and often requires navigation between different monetization strategies.
In this context, a key question becomes: What is the best way to earn active and passive income online?
For years I thought I had the answer, but after experimenting with different online revenue models, I have come to one conclusion: The best way to earn money online is not from one source but from multiple sources.
In other words, build a diversified online income portfolio.
Why multiple income sources are so important, you ask?
Well, imagine of the following scenario. You own a site that that is solely monetized by affiliate commissions. One day your affiliate partner decides to change their commission rate. The next day your online income drops by 75%.
Or perhaps you've had a site monetized by advertising that once ranked high in the search engines, only to find it knocked down by a Google algorithm update a few months later. Your online advertising income can potentially drop to zero.
You get the point.
Without some diversity in your online income source you are living at the risk of having "all of the eggs in one basket."
And that can hurt.
So if you have ever wondered what monetization models you should pursue for your financial freedom journey, diversification is the way to go. One step at a time.
Below I have put together a comprehensive list of the top Ways to Earn Money Online, both actively and passively.
