And most of these, you just need an internet connection and maybe like a phone or a laptop, and all these also have the potential to bring in a pretty decent amount money if done right, but anyways, probably in the article, if you’ve been checking on my blog Before I talked about the stock market money, investing entrepreneurship, things like that, so you’re interested in any of that kind of stuff, definitely head over my blog and consider subscribing but other than getting right into it.
So before you do this, if you know you don’t have a couple hundred dollars laying around which I’m sure you know some of you guys out there, don’t one thing you might want to consider, because I’m sure this will be a complaint in the comment section. Is that you might need a little bit of money to start most of these one thing that I’ve been doing and that I’ve been showing on my blog as well to get a little bit of extra income in is just simply going around your house looking for Some old things that you might not use anymore, but maybe someone else, could use and sell them on eBay.
So what I actually did personally was just sell old college textbooks that I had sitting around and I had quite a few of them that are worth you know, 10 to 20 dollars, and that was just something easy that I had laying around, and I also had Some old electronics laying around that I could you know, easily sell for maybe 10 20 bucks on eBay. So that is a good way that I think can get. You started off if you’re looking for a little bit of extra cash that you might not have laying around to start some of these passive income ideas, because not all these are like totally free.
You know some of these might be some of these. You might have just like stuff laying around your house but anyways. The first passive income stream wouldn’t be talking about, is dividend investing, so what dividends are, and if you’re, you know an investor yourself. You probably know this, but if you’re not basically what dividends are. Is a company if you choose to invest in Stockton them, the company actually pays you either on a monthly, quarterly yearly or by yearly basis and most commonly they pay you quarterly or monthly, and the most common ways quarterly, but so, like I said, a company pays.
You a certain percentage of their stock price, so, for example, if a stocks like I don’t know, let’s say $ 100 and the company is paying you a 3 % dividend yield, 3 % of a hundred dollars, which is three dollars, would be paid out throughout the Year, whether it be quarterly or monthly, so if a company’s paying a monthly dividend on that, 3 % would be divided by 12 and then paid out every single month and companies can increase or decrease their dividends over time and some dividend stocks.
You know I talk about them all the time on my blog, you might check some out those articles out if you’re interested in that, but some dividend stocks are really good. Our dividend, aristocrats or deafening Kings. These are companies have been giving out their dividend and increasing their dividend either for 25 years, if your their dividend, aristocrat or 50 years, if their dividend King. So those are some good ones to look out for, because, when your dividend investing, you usually try to look for stocks that not only are continuing to give out their dividend, but they are also increasing it over a certain amount of time.
Usually the longer the better – and you also want to look at companies that you know, aren’t necessarily have the hard, don’t necessarily have the highest dividend yield but, like I just said, have been increasing, you ever have the potential to continue to increase it so different. Investing. I think is a great passive income source. It’s not going to give you very much because a company with a good yields – 3 % – and if you look at 3 % over a year – and you have $ 1,000 – invest in dividend stocks.
That’s not a whole lot of money, but, as time goes on, that is compounding interest takes into effect, as well as yield on cost. There is potential for you to get a pretty significant amount of passive income from dividends, not like a quick fix to get. You know hundreds of dollars every single year, a thousands of dollars every single year unless you have a pretty substantial amount to invest, but this is a relatively easy one, in my opinion, to get started on and one that could definitely definitely build up over time.
Next. One I’ll be talking about is YouTube blog, which is exactly what I do right now. So, with a youtube blog, there’s a bunch of different ways: you can earn money off of it. There’s a lot of people on here who just make articles for fun and don’t earn any, but there’s also a pretty decent amount of people who monetize their blog in one way or another, so with a youtube blog. Obviously, you need somewhat of a following to begin, but I think you know having a YouTube.
Blog is a great way to earn a little bit of passive income and you can earn anywhere from a couple. You know a couple hundred dollars a month to like potentially six figures a month off of YouTube, which there’s a big difference, a big effort between those two, because, if you’re going to be earning or want to be earning a lot of money on YouTube, you have To be putting a significant amount of effort versus, if you only want to earn, let’s say a couple extra hundred dollars a month, I really truthfully don’t think you need to put in a whole lot of effort.
So, with a youtube blog, I think you could potentially talk about anything out there. I personally talked about you know the stock market, investing money, entrepreneurship, things of that nature, but I truthfully think and believe that you can potentially talk about anything that you’re interested in, because, if you’re interested in something I’m sure there are plenty people out there who are Also interested in that topic as well – and I mean some things you might want to consider talking about.
Excuse me as I adjust my lighting. I mean you talk about anything like I do like entrepreneurship business. You could do a gaming blog. You know an art blog, a music blog, the blog about who knows, like let’s say, you’re super big Harry Potter fan. You talk about Harry Potter. There are literally a unlimited amount of things you talk about and, like I said, if you’re interested in it, that probably means other people are as well and a couple ways that you can monetize your YouTube blog.
The number one way that I do and which brings in the most revenue for me, is just simply by running ads and recently you boot YouTube changed its requirements for that you now have to have, I think, like a thousand subs and four thousand hours of launch Time in the past, like year and a lot of people are kind of angry about that, but, to be completely honest, your blog likely wasn’t being monetized with ads before you reach that mark anyways, and I have heard some people complain about not being monetized now, even After they hit that mark, but that’s likely because they’re just simply not reaching that four thousand hours of read time, even though they might have thought they did.
I saw a lot of people were complaining about it. They looked up the blogs I was like buddy didn’t hit that 4,000 hours of read time yet in the past year. Unfortunately, so you got to hit that, but my blog actually was almost exactly over a thousand subscribers and four thousand hours of read time as soon as I got monetized anyways with the old format of ten thousand views and that’s all it was so I actually don’t Think that’s too hard of a goal to achieve, and even if you were less than that and you were monetizing, your blog anyways, you probably weren’t earning enough like you – were only earning like ten to twenty dollars a month anyways.
So it wasn’t a very big amount. But anyways there’s a bunch of other ways. You can monetize off youtube couple ways I do as well is in the description. You’ll see affiliate links idamante off of that. I only get like 10 20 bucks a month from that, but I also do referral programs so web sites and apps. I use I put the referral link in the description and, if you guys, click that and like sign up, I get a very small commission from that and then that’s really all the way main ways.
I monetize it through ads and affiliate links as well as referral links, but there are a bunch of different ways. You do like sell, merchandise, sell online materials. Like horses, you can sell a book that you wrote maybe you’re like a PDF or something that you made up. That’s relevant to your blog. I mean there’s like dozens and dozens of different ways that you can monetize your blog off of just simply putting links in the description or trying to like filter people to somewhere else.
So those are just a couple and a couple that I do that are working out pretty well right now and I do get a few hundred extra dollars a month from them and they’re promotes them are pretty passive, like putting the links in the description and running Ads on my blog, I don’t like actively try to monetize my blog very much. This is like the exact description of what passive income pays. The next way you can earn passive income is through an affiliate, slash product based blog or a YouTube blog.
So this is kind of like what I was saying before, but you can also do this in a blog format. I think pretty easily, as well as like an Instagram page or, like I said, a youtube blog as well. So, my blog, I don’t talk about products or services at all. I really just talk about like investing and like entrepreneurship type article ideas, so there isn’t really a great way for me to make a large amount of money off of affiliate links.
But if you had a blog, where you talked solely about like reviewing tech products or reviewing toys or gaming, or something like that that you talked specifically about a set of products, you were going to be making a whole lot more money off of affiliate links as Well, as advertisers coming to you, if you do begin to reach a larger audience, so I think that in the future I might consider making a blog this way, because I think there is a lot of money to made and if made a lot of money to Be made in affiliate marketing, as well as just getting like product offers and reviews from different companies out there, and I I do like my blog and I like what I do with it.
But I make very very little money compared to other blogs off of affiliate marketing and I might consider doing those in a blog format to start off and then switch over to a youtube blog. But we’ll have to wait and see for that, because that would be a lot more work on my part but anyways. I think if you have a blog that talks about any sort of products – let’s say you’re super into – I don’t know, let’s say you’re super into Marvel and you love like superheroes and you have a ton of action figures and you have a ton of.
I don’t know like a superhero related toys at your house, maybe you’re like a collector. If you set down once a day or maybe even a couple times a week and either wrote an article about certain products or all wrote or made a article about these products. You could probably make a pretty decent income off of affiliate marketing simply by putting links through Amazon or through eBay or Target. I mean pretty much.
Every company out there has an affiliate program. Amazon, in my opinion, is the easiest and the largest out there. I’m almost pretty sure it’s the largest out there right now. I could double-check that, but pretty sure it’s the biggest, but I know eBay has an affiliate program. Let’s see Target heads when I know if Walmart has one I know of those are some bigger ones out there. I don’t think Apple or like any of those protec companies have them, but I’ll have to double check on that.
I know for sure that I use the one that I use is Amazon. I have also used targets and Walmart’s in the past before, but my main chunk of affiliate income they’re actually pretty much. 100 % of it has been off of Amazon affiliate, which is a great way to go as well. Next, passive income idea is by selling an online course. So if you are like very good at something or you’re very educated in a certain area, something an online course, I think can actually be a super super profitable way.
I know my specific Nisha if you look at people like Ryan Scribner, Jeremy, over at financial education. I think, Graham Stefan, might also have a course as well that they sell online, but I know for a fact that Ryan, Scribner and Jeremy are making upwards to six figures a month from their online courses, but they do have a pretty sizable audience that they have. Now, compared to what they started at, I actually followed both of them when they had a very small audience.
So they did a lot of hard work and put in a lot of effort to get this audience, but online courses, if you are you know pretty smart and you know whatever it might be. It doesn’t have to be like something like super specific. But if you are good at something – and you want to share that knowledge with people, an online course can be a great way to go now. One thing knowing about this: if you are like yeah, I don’t know, let’s say you’re like kind of good at the stock market and investing, and you put out a course out there that isn’t very good people are like immediately going to get mad and put very Few bad reviews on your website, as well as just online in general.
So if you are not like an expert in that area or you’re, not like very, very good at it to where you are like significantly better than most people. Putting an online course is not a good idea for you, so this one is a little bit different because you do have to have a specific talent, but I do think it is possible for people to put good information out there. You can’t just put an online course full of Google Google information that you stole from like Weeki links or whatever.
That definitely will not work. But if you happen to be very smart in a specific area, pretty much regardless of what it is, you definitely can make a sizable amount of money from online online courses and the last one that I’ve actually been doing for the past couple of weeks or so And that I also did in the past for online income is or passive income. I should say passive online income is selling things on eBay.
So what I do there is, I buy items for very cheap from Facebook marketplace, as well as like thrift stores in my area, and then I resell them on eBay for a profit. So recently, I’ve been targeting very specific items, but I think you can really do this with the whole assortment of things, and this one, I would say, requires a little bit more work than some of these other ones, but this one can be started with very very Little money no money and can be very, very profitable if you have a good eye for what things sell well on eBay, and I think today more than you know a few years ago, this is much easier and better because when you’re at a thrift store or If you’re looking at Facebook marketplace, you can check these items very very quickly on eBay and see how much they’re actually selling for so, for example, I recently was buying stuff at local thrift store, and I started picking up a bunch of Christmas, coffee, mugs and every Single one of these mugs I bought for a dollar or less and the bugs are just Christmas items in general, because when I’m making this article right now, it is November 7th Christmas stuff is selling like crazy right now and selling very very well, because obviously people Are getting ready for the holidays, so I picked up all these mugs for less than a dollar and some of these upselling and lots, and some of these I’m selling singly, depending how like good of condition they’re in and if they like, came in a single pack Or not, but all these mugs I bought for less than a dollar and I’m selling for anywhere from five to twenty five dollars, and that is obviously a really good ROI.
And if you were doing that, every single week or every single weekend or doing it like a couple times a week, you could very very easily make a decent amount of money. A couple of things about this. I personally buy things off of Facebook Marketplace and thrift stores and sell them on eBay and eBay does take anywhere from like a 10 to 15 % fee on those it averages out for me around 12 %, just because of what level seller I am, but as You become a bigger and better seller on eBay.
They actually charge you fewer fees because you’re making them more money. So that’s one thing to consider as well. Another thing to consider with this is that you will, or if you make a certain amount on eBay. I can’t remember the exact amount you actually do have to fill out. I can’t remember the exact form be at 1099, but miscellaneous one, but I mean you actually have to fill out taxes for this because you’re making like a sizable and confirm this.
But that’s if you’re like upwards to like, I think it’s over a thousand. Maybe five thousand dollars. I can’t remember it’s somewhere from like a thousand to ten thousand. That might depend on where you live actually, but you might actually have to fill out tax information about that, but definitely like look to do more research into the head. If you’re worried about that, but this can be a very, very profitable way to do it.
You could also consider just reselling them on Facebook marketplace or possibly like Craigslist or other apps. Like that, like let go or offer up, I think another one’s called if you’re worried about that stuff. But regardless of what you do, I think it’s a very, very profitable business, but another thing to be careful about what that is, that you’re actually buying good items, because you don’t wan na be laying have you know a million Christmas mugs laying around your house that Aren’t selling very well because maybe they’re, cracked or really crappy or really dirty.
You definitely have to be careful with that and be careful what you’re buying you know you got to make sure that it’s probably going to sell. I really don’t buy things unless I pretty much know that they’re going to sell or they have been signed like crazy but other than that guys. That’s it for this article. I hope you enjoyed so the five different passive income things I talked about was making a YouTube blog, investing in dividend stocks, making an affiliate based website, slash YouTube blog selling online courses and selling things on eBay.
So let me know what you guys think in the comments section. Sorry this one’s a little bit. I had a little bit more to talk about in this article, but other than that guys. I hope you enjoyed the article and if you did definitely head over to my blog, I talked about investing entrepreneurship, passive income, things like that, so, if you’re interested in any of that kind of stuff, definitely over to my blog and if you like what you’re seeing Consider subscribing but other than that guys thanks for reading
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