In this article I will teach you an awesome method on how to make money online without investment. The best thing is:
You get paid for doing absolutely nothing.
Disclaimer: Please use this at your own risk, you might make a little money or you might make a lot of money, it really depends on yourself. Follow along this article and if you do, you’ll learn how to make money online without investment and by the end of this article you’ll also learn exactly how to make money doing absolutely nothing. This method has the potential to create beautiful passive income for you.
What is Passive Income?
There are 2 types of income, active and passive income. Active income means you work as an employee or businessowner and exchange your time for money. Passive income on the other hand means exchanging either time OR money to create something that will create a steady flow of income in the future without you having to do any work on that something you created. Some examples of this would be dividend stocks, investing, selling courses, books, audiobooks,…
This is what we want. It must be the holy grail for anyone out there trying to think of creative ways to make money online. That’s why we are all making sure we have a constistent daily income coming in and if possible without much work. This is passive income and it’s what this method will offer you to finally get.
Imagine what would it be like to sleep all day and then wake up to find new money inside of your account to do whatever you want with.
Money to go out with friends, money for going out to eat anything that you want, just because you can.
In this article I’ll be showing you step-by-step exactly how to do this so you can break free from all of your money worries, feeling great about the new day and start enjoying life again.
Alright let’s go ahead and get started at Step #1.
The first thing you want to do is to go over to this website called ACX.
On this site you will be uploading audiofiles and they are going to pay you for that.
I’ll elaborate a bit.
Writers and authors go to ACX and submit their books so they can have someone do the audio narration.
They spend all this time of writing a book and now they need the audio version of that book. That’s where you come in, but don’t worry you don’t have to do any of the work,.
You don’t have to have any experience with this. I’m going to show you towards the end of this article how you can have somebody else do this and then you guys get to keep the money.
I’ll give you all the details in just a moment.
ACX is a great website and it’s also been used by major popular brands like Audible, Amazon and iTunes.
People from all over the world, writers and publishers come to ACX to get the audio version of their different books and it’s a great opportunity for you to earn some extra income right on the internet without doing any work yourself and get some passive income aswell.
This is the home page of ACX.
We want to head over to the main menu and hover over the sentence ‘how it works’. This will bring a dropdown menu and in the third spot we can see ‘narrator’, go ahead and click that.
Here you are going to find step-by-step instructions on exactly how to do this but just keep in mind that you guys aren’t going to do anything, you want to have someone else do all of this for you and then you guys get to keep the money
So here’s how it works: the very first step is to create a profile and then you can upload some samples. We’ll get into that in just a moment.
Next you guys are going to figure out how you want to get paid. There are a couple ways that you can get paid. You can get paid per finished hour rate or you can also get up to 50% of the royalties from every audio book you narrate!
So that’s almost like passive income, something that we were talking about earlier.
After you have completed the initial steps to create your profile and selected how you want to get paid, it’s time to start searching for books we can audition for. Don’t worry I’ll explain exactly how this works.
The first thing would be to come over at the top of the page, where it says ‘search’. If you hover over that you’re going to find an option here that says ‘titles accepting auditions’.
These are all author’s accepting auditions for their work.
There are over 2000 titles that match our search and so one of the great things that you can do is sort by compensation because we want to make the most profit as possible ofcourse.
If you are following along with this guide you can probably see the potential already.
What you want to do next is come down and select the compensation icon as shown in the image above.
Once you do that a little window will load up.
Just pay attention to where it says ‘pay for production’. This is what we want to focus on but pay close attention right down here you’ll find the dollar amount but you’ll also find these initials PFH that just means per finished hour so essentially it’s like making this amount of money per hour but it’s more like per audio hour.
Let’s choose the amount of compensation that we want to receive so in this case let’s check out something around 200-400 dollars per finished hour for an example and then go ahead and click on apply.
Now this is going to sort all the titles that match the criteria.
After that you just want to browse trough here and find a title that sort of resonates with you, maybe something you know a thing or two about.
I’m just going to come to this one as an example, Compare Bear’s Double Dare: An adventurous children’s story to teach kids about emotional intelligence, comparison and what it means to be yourself.
This is underneath an hour but they still have to pay you for at least 1 hour so you have the full potential to turn up the $400 for just one hour of work or even less than an hour! Exciting!
The word count is really low it’s only around 1433 words.
The Rise of Audiobooks
The audiobook industry has been booming over the past couple of years and will continue to grow bigger and bigger.
According to fresh data from the Audio Publishers Association’s latest survey: US publishers reported audiobook sales in 2018 that totaled $940 million, a revenue figure that has grown a full 24.5% year-over-year since 2017. Unit sales are up even more, rising 27.3% over 2017.
These numbers mark the seventh year in a row that the audiobook industry has seen double-digit growth, making this just the latest survey to confirm what we already know about the rapid-fire success of audiobooks in recent years. Audio consumption is way up, and publishers everywhere are seeing revenue growth to match.
But enough talk about the rise of audiobooks you probably knew the potential already, let’s get going with step #2 to make money online without investment.
The next step is to click on the tab that says ‘audition’.
This will load up the script that you must download to audition.
Go ahead and click on download audition script.
For the script for this particular book, I just open this up into a little text program and it says Compare Bear’s Double Dare.
If I browse trough here I can see the script. Essentially what would really happen is if I was the voice-over artist I would do my best and read the script just like if I were to do the audio book and then I would submit a sample of my voice to the author of this book and if they like it then they would hire me for the job.
But you’re not going to have to do that, you don’t have to have any experience for this!
Let me show you exactly what to do.
Head over to Fiverr and type into the search bar: ‘audiobook narration’.
After that you are going to find a large number of different gigs that do audio narration for a reasonable price.
All you want to do here is just browse till you find the best deal that suits your needs for the price you are willing to pay.
If you found one that has a decent pricetag, make sure to check out their profile and actually listen to their voice. If that sounds good and appropriate for the book you have chosen, then proceed to the next step.
Click on the one you want and then head over to where it says ‘order details’. Here you can enter the number of words that is required for the book you have chosen.
So in our little example right here, I put in 1433 words and it will cost me about €28.86 without Fiverr fees included.
If we again head over to ACX we can see this author is willing to pay us up to $400 per audio hour for this little audio book right here.
That’s just incredible, you can see the amazing profit potential right here.
Next step is to actually hire someone here on Fiverr to do the work for you so you don’t have to.
But first there is something else we have to take care of, the audition.
This is where the magic of this method happens. You don’t have to pay the person on Fiverr anything until you are CERTAIN you actually got the job first.
So first we want to find the seller on Fiverr which we have selected and contact him/her.
We can do this by scrolling all the way down their profile to where it says ‘contact seller’.
I have prepared a little script for you guys which you can just copy and paste from right here and use to contact the different sellers you will be using to make money online without investment.
‘Hello, I am interested in having you do an audio voiceover. I wanted to ask you if you could audition this script for me, to check if we are a good fit.’
After you have copied this script into the message box, all you want to do is go over to the book page on ACX and get that script textfile and attach it to the message.
Now the seller will see this message and send you a voiceover of this script which you can then send to the author of the book as your audition.
The next step is to wait it out till you get approved or denied.
Once you get approved you will receive the full book from the author, which you can then send over to your seller on Fiverr. He will then create the audio file within a couple of days.
When the seller delivers, all that’s left for you to do is deliver the audio file to the author and get PAID!.
And there it is, as simple as that!
Next I want to make a little recommendation to crank those profits up high.
You want to audition for as many books as possible and contact many different sellers on Fiverr until you find one you can have a long term relationship with and perhaps get a lower price if you order multiple audio files from him/her.
This has the potential to create huge amounts of profits, the potential is endless as more and more books are added each and every day.
So here we are at the end of an amazing method that teaches you how to make money online without investment which has the potential to change your life if you commit.
Understand that constistency is the key in any undertaking in life. Stay consistent in everything you do and there can be absolutely no doubt that you will get the results you are looking for.
This really reminds me of back in the day when I was struggling online and you know I tried a lot of different things and it’s basic guys you know there may be times when it’s going to be really really difficult to get your different auditions accepted over on ACX. I know because I tried a lot of different things online and I failed and failed over and over again.
So this is why I have created this website, I wished I had something like this when I was just getting started. So now I want to return the favor and teach all of you guys creative ways to make money online.
If you should have any questions about anything feel free to contact me anytime at firstname.lastname@example.org.
Check out some of my other articles for more information on creative ways to make money online.
Beginners Guide To Affiliate Marketing
Make Money on Fiverr without any Skills Needed
7 Ways To Make Money Online