Categories
Online Marketing

Passive Income Is Just a Myth

He was right and I feel like I was arguing just for the sake of arguing cuz, that’s what everyone does, but before I explain like further with any of this, don’t forget to leave a comment down below. Let me know what you think: passive income means to you and definitely subscribe to this blog and don’t forget to I’m leaving giving you a lot of things to do right now and don’t forget to like the article.

So that’s like subscribe and leave a comment. What you think passive income means – and let me just explain to you what I think it means well passive income to me – means making money without having to put or not without having to do work. Okay, now that doesn’t mean making money without having to penny F. In it means making money without having to do any work. Okay, there’s a big difference. There huge difference, one making money without having to do anything, no effort, no work; well, that’s like winning the lottery and even then you’ve got to go, buy a lottery ticket.

That’s like that’s, like someone just coming up to you and just giving you money, okay, that is making money without any work, any effort and nothing that doesn’t really exist unless you have like a really rich father or like something like that going on. But who does so passive income means doing something in the now that will make you money in the long run? Okay, so that could be me creating a book alright.

So you can spend hours and hours and hours making a book writing a book, and then you could publish that book and sell it. That book will hopefully make you money for years and years and years, even though you are not working on anymore. So the cool thing about passive income is passive income. Your hourly rate goes up every single day, okay, so let’s change it up a bit. Let’s say you make a course like we’ve made our amazon course right.

We make our amazon course and what s is a bit different though, but we make amazon course and then we now sell an online course. So, every day that was saying cause the time it took us to make the cause is becoming more and more valuable. Okay, so if it took us a month to make the course and we’ve made – let’s say a thousand pounds or ten thousand pounds from the course, the more we make the more power we are getting for that initial month of work now the reason the course isn’t, The best example is because we do a lot of work with the course even now, so it’s not really passing because we speak to students.

We try to help people with their businesses. We’ve run, we run a the mastermind page. We do webinars, we do. Q & A so we’re constantly doing stuff for our students, so that’s not really a passive income. What is a good example of a passive income? Is a book or or song right. You write the song, you call the song, you let the album go and you get what is it: rights, music rights, royalties? That’s what they’re called loyalty you’ll get royalties for a very, very long time.

So when someone says oh yeah, I’m all into this passive income business – and I don’t have to do any work – I don’t have to do anything. I don’t have to do anything. It’s brilliant. You should do what I’m doing. That’s complete bull, crap, okay, is rubbish. They have spent a hell of a lot of time on the initial set up initial amount of work. Okay, for example. When people tell me I don’t have to do anything, I just make money now I don’t have to do work and it’s amazing.

It’s just it’s such rubbish, I mean I can show you spreadsheets work planning just stuff that I have to do every single day for work right and now I’m not saying what I do is possible, not possible. I think what I do is an aspect of passive income because, for example, I’m making this article now right. However, I’m making money on a completely different venture, a complete different business, and that’s because I’ve set that business up to make money without me having to continuously work for it.

That is why me and Josh can travel Josh and I can travel when an English isn’t. My strong point, that is why we can take a week off work and go and travel go to the country or do whatever and still make money that week, because we have set the business up specially with Amazon that my Amazon work mainly consists of sending a Message to my supplier, when I need new stock, and that is about it every so often we have to read our ranks and try and get out the rank, trying it try and sort that out or find your product, but that can all be handle.

If you hire someone so also in the process of hiring someone, so when we hire someone who’s going to be able to handle all of that stuff, we will literally be able to take a complete backseat on our Amazon business and then, in my mind, that will Become completely passive because it had the initial set up the initial work, which was hell and then it’s now become passive. So that’s what I try to teach.

That is what I try to instill on everyone that you should try and create businesses. Now that will make you money in the long term, so try and create passive incomes. They won’t be passive straightaway because you’ll have to a ton of work to get them to become passive, but as soon as you’ve done the whole initial setup and you are making constant money from it, you can take a back seat on the whole business, and that Is when it becomes a passive income? That is when you can sit someone? Yes, I’m earning money right now and I’m lying in bed right.

That is when it becomes passive income where you’re not working per hour, but the thing to understand is with passive income. You also, firstly, there’s no guarantee they’re going to make any money, and, secondly, the initial work to create that passive income won’t necessarily make you money, for example, the whole Amazon setup that isn’t making you any money the whole creating the course that isn’t making you any Money so there’s a lot of, I think, willpower and a motivation that is needed to create a business that is passive because you can spend months and months working on a project like a book.

You can spend months and months working on that book, not knowing if it’s going to make you any money or how much money is going to make you so there’s a lot of initial work that doesn’t make you any money on the hopes and dreams that, in The long term, it will make you a lot of money which will then become passive, so passive income is brilliant, but it is a huge risk because you’re, not you, can’t ever be a hundred percent sure how much you’re going to make and if you’re going to Be anything whereas if you have a nine-to-five job, you get paid every single hour, you are working at that job.

Obviously you get holidays and all that sort of stuff, but forget about that. The only difference is who do you want to be? You know, and that’s what you can. Let me know in the comments who do you want to be? Do you want to be the risk-taker that will put in all this crazy amount of work to hopefully have a business that will work for itself or do you want to work and get paid for every hour you work and when you eventually stop working, that is It I mean you might have a pension or you might have stocks and shares or whatever you might have, but realistically that is it.

That is your money that you are now stopping being paid because you’re stopped working. What would you, what do you want to do when you’re 65 70? 80? What do you want to do? Let me know in the comments – and I hope that made sense. It may not have made sense to me. It kind of made sense, but I just was trying to define passive income. So if we’re just just recap what I just said, passive income, I think, is where you have to have a lot of initial set up work that doesn’t actually get you paid.

Anything on the hopes and on the planning, obviously, on the under the long term, you will start to make money without you even having to do anything because of the initial set up. That is what passive income is to me, and I hope that made sense. Don’t forget to subscribe, don’t forget to like this article if you did like it probably really confusing, but I don’t know and and yep see you in tomorrow’s article


Website design packages are a great way to improve your digital marketing image.

 

Categories
Online Marketing

My Response to GaryVee on Passive Income

Shrek actually made quite a while ago, basically just about passive income and his something at least some of his thoughts on it he’s talking about it quite a bit, but I think he’s a pretty smart guy. If all his content, I like his blog a lot and I’m just going to discuss what he thought about passive income and I’ll, probably link the article that, in the description, this article is a little bit old actually.

But I still think it is very really very. Very relevant and passive income is definitely something that’s talked about in the finance slash like entrepreneurial space that I’m in right now. So I thought I would comment on it as well, and I also bring in a little bit of what can call passive income as well. So basically, what Gary thinks about this and you could check out his article as well before reading this, but basically what Gary thinks about this is that passive income is sort of like people.

Think it’s sorta like a get-rich-quick thing. He doesn’t really buy it too much. He source says that there’s only two really main and like actual forms of passive income and those would be investing in real estate now, obviously, unless you’re new to my blog, you know I talked about investing in a stock market and that’s like totally right up my Alley – and I probably plan on to get into some sort of real straight in the future, but I do agree with that.

I mean investing and real estate are really the purest forms of passive income. I think investing a lot more than real estate day I’ll talk about that. A little bit investing you literally just put money away into a company, and then you hope your money grows over time and you don’t have like actively do anything with it. Investing is a little bit different than trading investing you’re going for the long term trading you’re trying to just like you know, buy on the dips, sell on the high things like that.

But investing is about as pure as it can get, especially when you get into dividend investing because you know, regardless of if your portfolio actually goes up or down, you’re still bring in that dividend, income just simply from owning the stock, so dividend or just investing in General, whether it’s in a stock market or anything, you know, bonds, whatever is literally the purest form of passive income there can be, but there are a lot of other different streams of passive income, one including real estate, which I think is a little bit more pure Than some of the other streams real-estate, though on one hand, I know some people that do real estate, that you know own houses they rent out and things like that.

That’s main, I guess, when people think of passive income in terms of real estate, that’s what people think of. Is you basically buying an apartment or like a duplex or something like that and then renting it out, and why I don’t think there’s actually is passive, as some people might make. It think you know might think it is, unless you’re literally like just sending all the work off to someone else like you have a manager taking care of all your apartments or whatever it might be, that you’re renting out.

Then I guess. Yes, it’s more towards a passive side, but in a lot of scenarios, if you’re trying to get into real estate and if you’re trying to create an income source off of it, it’s not going to be very passive you’re, going to put putting into a lot of Work into whatever you’re doing whether it’s responding to tenants, you know chasing the boundary payments, I mean there’s the list goes on and on of things that you could be doing, you know doing repairs.

You know fixing the dishwasher that broke whatever it might be. You’re. Definitely not going to be very passive, you’re going to be working relatively actively with that, but the only reason some people call it passive is because you put in an investing in at one point in time. It’s let’s say to buy a house, then you run out that house and you’re getting that money back without actually working. You know probably nine to five.

Unless you were to have like, I don’t know dozens and dozens of property, then you just be getting into the straight-up business, wouldn’t be much of a passive income source, but investing in the real estate. I do agree with Gary. He says those are probably the purest and really only true forms of passive income, but what he was also talking about and what I agree with as well, is when a lot of people hear passive income or when a lot of people try to sell their courses Online about passive income or whatever it might be, I think a lot of people think of it as the lazy way out they think of it, as you could like put a whole lot of money aside at one point or do a little bit work at one Point in time, and then just have money, magically reappear and I don’t think passive income actually works like that, and at least all my streams don’t and I don’t think, there’s a whole lot of people out there.

That can say they can just put them certain amount of money down to put a very small amount of work down, and you know exponentially get increase their passive income streams. It just doesn’t work like that, but I do think passive income is pretty important to not only building up your own income, but just for anyone. I mean there’s literally so many different things now actually with online that you could do somewhat passively and bringing extra income whether it’s even a few hundred bucks a month.

I’m sure everyone would enjoy that, but anyways what I do for passive income there’s a whole lot of things. I do my main passive income source right now. Well, I guess you could technically say my main passive income sources investing, but I don’t consider investing a passive income stream for me just simply because I don’t take any of that money out when I get like my dividend returns. Just my overall returns when I sell stocks or anything like that, I keep it all into my portfolio.

So that’s why I don’t consider that passive income, but it is truly passive income. I just don’t take it in as income itself, but my biggest form of passive income besides, that is from YouTube and why I kind of consider it passive and not past. At the same time, one I’m pretty much making articles every single day. So I guess it isn’t passive, but I do consider it passive because, even if, like I stopped making YouTube articles for let’s say a month or two, I would still be getting a pretty decent amount of income.

You know I probably a lot less than making right now, but I still would be getting a pretty decent amount of income from like articles in the past that I made you know they’re still getting in some views. I will note that I would be making like. I just said a lot less, because most of my views are coming from the articles I post every single day now for articles I post in the past, but then again.

At the same time, if I look to my blog analytics – and I look through what articles are getting the most views as well as what articles are bringing in the most revenue, there are some articles there’s it seems to be almost random. You know I’m trying to figure out which article to get the best views and get the most likes and stuff like that. But I will admit that there are some articles, like even some articles from like a year ago, that will randomly search up and get me like 10 20 bucks here and there every now and then it seems like like if I post it I’ll.

Actually, I know a pervy example somewhat recently, with the whole Kaepernick thing with Nike. I posted a article like well over a year ago about Nike. It was just simply about their earnings apart. They had gone up a lot from it. It was a salad apart and I post a article about it and there are people commenting on it and reading it. Now I got like a few hundred extra views a couple weeks ago, because people were probably searching up Nike stock or like if I was Nike stock, doing Nike stock earnings report.

Things like that, and this article was still in the search history. I do pretty good SEO on my article, so people are still looking it up and no, they did pioneer realizes from a year ago, because people were talking about colin kaepernick on it, and I was like nobody guys talking about this articles from a year ago, but Then I was like yeah these people, but I don’t realize that because so high up in the search rankings – but anyway, is that’s an example of me posting a article a long time ago and making more money.

So that’s why I do consider YouTube somewhat passive income, and I also consider some of my other streams off of YouTube passive income. I consider like my affiliate links, are pretty passive. I do no work with that. Essentially, I just put them in the description and, if you guys, click them and, however, the ham is on it, buy something I get a small percentage of that actually consider my referral links pretty passive, because once again, that’s just me putting a link in the description.

If you go there and sign up with whether it be I’m on Finance or Robin Hood, I’d get a Robin Hood. I get a stock release say used to I maxed out of the referral program, but I went finance. I get 10 bucks and you get 10 bucks. You sign up, so that’s very, very passive and then that’s really all I have right now, but I’m sure in the future. I could, you know, have some sort of promotions or have some sort of.

I don’t know something else I plan on selling or whatever you know, we’ll see what the future holds, but so those in some of those ways are a little bit more passive than me actually creating articles every day. But one thing to note is well, I mean the time it takes me to make a article and maybe takes me, you know 10 20 minutes to upload it or to record it. I mean, and then maybe teach me like. I don’t know like a half hour to an hour, to plan the article to get everything set up to get all that stuff.

You know pre-production and post-production projects another hour to do the thumbnail, the tags, the description, the that’s just the upload time. In general I mean so yeah. It takes me a couple hours every single day, but it’s probably making me more money every single day than I would be working. Let’s say like a minimum-wage job at McDonald’s or something like that. So that is also nice as well, and I will say I’m only doing this for two hours versus if I was working another job that I didn’t like, which I enjoy doing this for eight hours.

You know that would obviously suck as well. So there are some ways to think about passive income and a positive light like I do with my youtube blog at least I think it’s pretty positive, but there are a lot of people out there and there’s a lot of people selling courses how they’re about passive Income that are complete BS and they have these kind of false beliefs about passive income. You can just sort of do a little bit of work at one point in time and then just make exponentially bigger amounts of money or they think, like a lot of people, relate that Robin Hood app to passive income because they don’t realize just a legitimate brokerage Account it’s not like some like sweat coin app.

I don’t know if you guys ever see that on Instagram I see it all over Instagram I try to do Instagram marketing, like I try to promote my investing Instagram account and literally every single account they’re. Like oh download, sweat coin. You can literally get money when you like, take a walk around the block or some like BS like that, and that’s like an example of like lazy people trying to find like a quick buck.

Real quick, that’s like reminds you so much of how people think about passive income in that regards people just think of it in a different light, and I think, if you think of it more like how I do with my youtube blog, you might be better off And you might actually be able to make a little bit a passive income and doesn’t have to just be through YouTube. It could be through other things, like I don’t know, creating your own blog, creating your own Instagram page.

It gets popular, creating a podcast and there’s a whole different bunch of different things. You could possibly do, but these guys is really if it’s article, I hope you enjoyed it. Let me know in the comments section what you think about passive income. You know, do you think it’s complete BS, do you like it? Do you perhaps me have some passive income streams? Let me know I always like hear what you guys have to say about it, but some other than that guys.

If you’re new, to my blog, it’s about investing the stock market and really anything has to with Finance so if you’re interesting, that kind of stuff definitely over to my blog and consider subscribing but other than that guys, thanks for reading


Website design packages are a great way to improve your digital marketing image.

 

Categories
Online Marketing

Passive Income Is Just a Myth

He was right and I feel like I was arguing just for the sake of arguing cuz, that’s what everyone does, but before I explain like further with any of this, don’t forget to leave a comment down below. Let me know what you think: passive income means to you and definitely subscribe to this blog and don’t forget to I’m leaving giving you a lot of things to do right now and don’t forget to like the article.

So that’s like subscribe and leave a comment. What you think passive income means – and let me just explain to you what I think it means well passive income to me – means making money without having to put or not without having to do work. Okay, now that doesn’t mean making money without having to penny F. In it means making money without having to do any work. Okay, there’s a big difference. There huge difference, one making money without having to do anything, no effort, no work; well, that’s like winning the lottery and even then you’ve got to go, buy a lottery ticket.

That’s like that’s, like someone just coming up to you and just giving you money, okay, that is making money without any work, any effort and nothing that doesn’t really exist unless you have like a really rich father or like something like that going on. But who does so passive income means doing something in the now that will make you money in the long run? Okay, so that could be me creating a book alright.

So you can spend hours and hours and hours making a book writing a book, and then you could publish that book and sell it. That book will hopefully make you money for years and years and years, even though you are not working on anymore. So the cool thing about passive income is passive income. Your hourly rate goes up every single day, okay, so let’s change it up a bit. Let’s say you make a course like we’ve made our amazon course right.

We make our amazon course and what s is a bit different though, but we make amazon course and then we now sell an online course. So, every day that was saying cause the time it took us to make the cause is becoming more and more valuable. Okay, so if it took us a month to make the course and we’ve made – let’s say a thousand pounds or ten thousand pounds from the course, the more we make the more power we are getting for that initial month of work now the reason the course isn’t, The best example is because we do a lot of work with the course even now, so it’s not really passing because we speak to students.

We try to help people with their businesses. We’ve run, we run a the mastermind page. We do webinars, we do. Q & A so we’re constantly doing stuff for our students, so that’s not really a passive income. What is a good example of a passive income? Is a book or or song right. You write the song, you call the song, you let the album go and you get what is it: rights, music rights, royalties? That’s what they’re called loyalty you’ll get royalties for a very, very long time.

So when someone says oh yeah, I’m all into this passive income business – and I don’t have to do any work – I don’t have to do anything. I don’t have to do anything. It’s brilliant. You should do what I’m doing. That’s complete bull, crap, okay, is rubbish. They have spent a hell of a lot of time on the initial set up initial amount of work. Okay, for example. When people tell me I don’t have to do anything, I just make money now I don’t have to do work and it’s amazing.

It’s just it’s such rubbish, I mean I can show you spreadsheets work planning just stuff that I have to do every single day for work right and now I’m not saying what I do is possible, not possible. I think what I do is an aspect of passive income because, for example, I’m making this article now right. However, I’m making money on a completely different venture, a complete different business, and that’s because I’ve set that business up to make money without me having to continuously work for it.

That is why me and Josh can travel Josh and I can travel when an English isn’t. My strong point, that is why we can take a week off work and go and travel go to the country or do whatever and still make money that week, because we have set the business up specially with Amazon that my Amazon work mainly consists of sending a Message to my supplier, when I need new stock, and that is about it every so often we have to read our ranks and try and get out the rank, trying it try and sort that out or find your product, but that can all be handle.

If you hire someone so also in the process of hiring someone, so when we hire someone who’s going to be able to handle all of that stuff, we will literally be able to take a complete backseat on our Amazon business and then, in my mind, that will Become completely passive because it had the initial set up the initial work, which was hell and then it’s now become passive. So that’s what I try to teach.

That is what I try to instill on everyone that you should try and create businesses. Now that will make you money in the long term, so try and create passive incomes. They won’t be passive straightaway because you’ll have to a ton of work to get them to become passive, but as soon as you’ve done the whole initial setup and you are making constant money from it, you can take a back seat on the whole business, and that Is when it becomes a passive income? That is when you can sit someone? Yes, I’m earning money right now and I’m lying in bed right.

That is when it becomes passive income where you’re not working per hour, but the thing to understand is with passive income. You also, firstly, there’s no guarantee they’re going to make any money, and, secondly, the initial work to create that passive income won’t necessarily make you money, for example, the whole Amazon setup that isn’t making you any money the whole creating the course that isn’t making you any Money so there’s a lot of, I think, willpower and a motivation that is needed to create a business that is passive because you can spend months and months working on a project like a book.

You can spend months and months working on that book, not knowing if it’s going to make you any money or how much money is going to make you so there’s a lot of initial work that doesn’t make you any money on the hopes and dreams that, in The long term, it will make you a lot of money which will then become passive, so passive income is brilliant, but it is a huge risk because you’re, not you, can’t ever be a hundred percent sure how much you’re going to make and if you’re going to Be anything whereas if you have a nine-to-five job, you get paid every single hour, you are working at that job.

Obviously you get holidays and all that sort of stuff, but forget about that. The only difference is who do you want to be? You know, and that’s what you can. Let me know in the comments who do you want to be? Do you want to be the risk-taker that will put in all this crazy amount of work to hopefully have a business that will work for itself or do you want to work and get paid for every hour you work and when you eventually stop working, that is It I mean you might have a pension or you might have stocks and shares or whatever you might have, but realistically that is it.

That is your money that you are now stopping being paid because you’re stopped working. What would you, what do you want to do when you’re 65 70? 80? What do you want to do? Let me know in the comments – and I hope that made sense. It may not have made sense to me. It kind of made sense, but I just was trying to define passive income. So if we’re just just recap what I just said, passive income, I think, is where you have to have a lot of initial set up work that doesn’t actually get you paid.

Anything on the hopes and on the planning, obviously, on the under the long term, you will start to make money without you even having to do anything because of the initial set up. That is what passive income is to me, and I hope that made sense. Don’t forget to subscribe, don’t forget to like this article if you did like it probably really confusing, but I don’t know and and yep see you in tomorrow’s article


 

Categories
Online Marketing

5 Passive Income Ideas for 2018

So in this article I’m going to go over some passive income ideas that I myself are probably going to do or are doing in 2018 and that you can also do now what passive income is versus. I guess just a regular income. A regular income is, let’s say you work a day: job nine-to-five, you exchange time for money and maybe you’re like creating a product or doing some sort of service that you’re giving out for them, but either way you’re spending a great deal of time, probably anywhere from You know if you’re working full time 40 plus hours a weekend for you working part-time – maybe you know 10 to 40 hours a week, but either way your general line of income you’re exchanging some sort of time for money but passive income.

I have a lot of passive income streams myself I make around anywhere from 500 to 700 dollars a month off of them right now, and this has actually been increasing a bit in 2018. If you look back at some of my articles in 2017, I really wasn’t making a whole lot. I was only making a couple hundred dollars, but now I’m making above 500, which is great and is actually one of my goals that I hit for passive income but anyways passive income.

You might like put initial money in, might have your money work for you or you might create some sort of product or service that continues to generate you money without you actually doing a whole lot of work or working 40 hours a week. If you add up a couple passive income streams, they might add up to a little bit more time, you’re working them per week or per month or whatever it might be, but then generally, if it’s passive income, you’re not going to be working 40 hours a week On these income streams, so the first passive income stream that I do myself and that you consider consider doing is dividend investing or just honestly, investing in general now with dividend, investing what it is.

You buy either a stock or an ETF and either four times a year or monthly. This company gives you a specific cash amount for owning their share during certain periods of time. In order to get a dividend, you would have to buy the stock before it’s ex-dividend date and then they would pay you out on whatever date the company says you can look this stuff up. If you want I’ve posted articles in the past on blog about good dividend stocks or really how different, I think I’ve actually posted some, how dividends work in general.

So you can go ahead and check those out not to get into too much of the specifics of it. But basically, if you buy a share of a company, they give you a specific amount of money. So many times per year and dividend investing could be a great way to really get a good passive income stream going, especially if you put a lot of money into it, because this money is just sitting there you’re not doing anything active with it.

You’re, literally not doing anything at all of his eyes purchasing the stocks and this companies just giving you money for holding your shares, but some problems that with dividend investing is that it can cost a lot of money. We’re not necessarily cost a lot of money, but you might have to put a lot of money into your portfolio to get some significant returns. And another thing is that it’s sometimes a little bit difficult to pick out the right dividend stock, because some companies might cancel their dividends might reduce or divins, but in general, if you shoot for large companies, blue chip stocks, dividend aristocrats, you should be okay.

One thing to note too: if you had a hundred thousand dollars invested, which is a pretty significant amount invested for most people and you were getting let’s say a three percent dividend yield per year on average, there’s only three thousand dollars a year, so that obviously wouldn’t Be a whole lot, especially if you’re dividing that up into months or weeks you’d only be getting a couple hundred dollars per week.

So that’s one thing to take into consideration with dividend: investing you do need a pretty significant amount of money to start doing this, but the next passive income stream that you could consider doing in 2018 is social media, getting them more into social media. And what I mean by this is that there’s a whole lot of people out there that I know – and I really want to start getting into this more and making my social media accounts more well-known.

It have more followers and more interactions and be a little bit more active on social media accounts. You know my Twitter, my Instagram, Facebook snapchat, you know all the ones, I’m on pretty much daily BIOS enough on there’s a lot of people out there that have a significant amount of followers on either Twitter or Instagram. Or you know those are really the main to Facebook and they actually are able to generate some income from that, whether it be putting sponsored post ups creating advertisements for other companies, there’s a whole lot of different ways to do that.

One website that actually going to start using is called famebit and basically, if you have over 5,000 subscribers on your YouTube blog, I guess YouTube’s another social media platform. But if you have 5,000 subscribers 5,000 followers on either, I believe it does Twitter, Instagram and Facebook. You can then start searching for sponsors, there’s a lot of good resources out there to search for sponsors, and that is probably one of the best ways to create a little bit income from your social media pages and, honestly, all these other social or excuse me, passive Income streams I’m going to talk about it would probably help to have a pretty solid social media following whether it be on YouTube, Instagram, snapchat, Facebook, whatever it might be, the next one and the next passive income stream that you consider for 2018 is blogging.

I’ve actually done a blog in the past and I actually was making a very, very small amount of money off it, but then I stopped doing it because I just wasn’t having fun with it and it wasn’t. I wasn’t really talking about writing about what I wanted to write about on those just with a couple of friends in college, but blogging can be a relatively easy and pretty quick way to generate a little bit of passive income just by simply typing up a couple.

Articles a day what I did in the past was basically a couple of my friends got together and we were like hey, let’s start, writing blog posts and then start putting Google Ads on the side of these blog post and maybe try to get a little bit Of money, but honestly, my friends were just super lazy and stopped doing it, even though it really wasn’t a whole lot of work that we were putting in and didn’t follow through with it.

But nonetheless, it still is a pretty good way that, if you’re interested in pretty much anything, we were just talking about news in general, it wasn’t too much specific. I think my one friend talked about like article games. My other friend talked about World News. One friend talked about sports, so we were talking about anything but if you’re interested in pretty much anything, whether it be sports article games, books, iPhones, I don’t know technology anything cameras, you can go ahead and blog about that and, if you’re good enough at it, people Are probably going to read it, and you could obviously share these on your social media pages if you have a decent amount of followers and that will also help as well.

Another thing: if you’re not very good at writing or don’t like to write, you can get into blogging or you tubing in general and there’s other platforms that you can do this on now, like twitch, if you’re a gamer even Facebook is coming out with a new Article streaming service that I don’t believe is open for like public users yet, but some people are able to get to it and it’s really just the bigger companies.

But if you’re not into writing – and you really want to create more article content, more visual contacts and you’re – not bad in front of the camera, you definitely can consider vlogging or just you tubing in general. I would love to like show a little pop-up. How much I make a month on YouTube, but I guess I’ve heard from some pretty decent sources that you’re actually not allowed to, and I would most definitely consider YouTube a passive income stream, because it takes me about 10 20 minutes to make a article every day.

Sometimes it takes me a little bit longer to edit them depending on what the articles are. But then uploading only takes a couple of minutes and posting it and like doing all the thumbnails and stuff like that, doesn’t take very long and only takes maybe an hour to a day, but this passive income stream is my most by far. So, that’s why I’m fine with spending a little bit more time and effort on it, but I’m definitely not working 40 hours a week or anything like that on my youtube blog.

But right now I’m going to get like a ballpark estimate of how much I’m making right now it’s right around right below $ 500 total that I’m making from YouTube ads. Now with that there’s other passive income streams, I can play off that that I do that. I’m going to talk about in a second but overall YouTube. Right now is my biggest passive income stream and honestly, all I do is just pretty much sit in front of the camera and talk to you guys and post decent content.

I don’t think my content is amazing or anything like that when I started authors definitely a whole lot worse than it is now, and I seem to have a decent following I’m almost up to 4,000 subscribers right now, so YouTube is definitely a pretty decent passive income Stream, really all you have to do is sit in front of a camera. I have a decent camera now that I was able to buy once I started, making some money off of it, but I started off using my iPhone, which was super basic and really crappy quality.

Honestly, I didn’t even use a microphone that I slowly started. Upgrading some of my equipments that I could post better content. I now have a decent microphone, some lighting, a good camera, a tripod. You know everything I need right now. It’s really post decent content, so starting off, all you got to do is get in front of a camera and talk about what you liked talk about. I like to talk about investing in the stock market and money, but that’s just me, I’m probably going to create more blogs in the future.

I mean I’ve already have a personal blog out right now that I’m really not posting too much on, but I probably will in the future, but anyways YouTube could be a really great passive income stream, and I would say that it’s relatively easy and cheap to start. If you have really, all you need is a phone and that’s really the same with any of these other ones, but anyways the next passive income stream for 2018 is affiliate marketing.

Now what affiliate marketing is is basically it’s an online thing. You need to have access to. I have to do this and you need to be posting links somewhere, but I do it with is Amazon, but you can do it with a lot of big companies like Walmart Target Best Buy really any company out. There has them, but basically, what you do is you set up a count with them and every time someone posts or excuse me um, every time you want to like market a certain product or want to UM, I almost not sponsored but anytime.

You want to like look of a product here, like all this products, kind of cool. You find a link for that off the websites affiliate page, and then you post that link somewhere and pretty much every time. Someone clicks that link and like buys a product within 24 like 48 hours, depending on what affiliate program you’re doing you get a very, very small Commission for that, so, for example, at the bottom of my YouTube pages, which is be in the bottom of my YouTube Descriptions as you can see, I have a whole bunch of affiliate links about different things: some of my favorite books on investing my favorite books on business, my equipment that I use and basically every time you click that link and go to Amazon.

And if you end up buying that product, or even I believe in another product on the website, you very small Commission – it’s usually anywhere from 8 to like 1 %. So it’s like very, very small. Obviously, if you’re buying up its two thousand dollar laptop or something like that, I’d get a much bigger Commission, but in general it is a very, very small Commission. Now, if my blog was more product oriented like if I was doing an unboxing blog or I like product review blog or something like that, then I’d probably make a whole lot more of affiliate or even just in general, if my blog was bigger.

But right now my blog really has nothing to do with products or going out buying products was just totally fine. I’m not focusing this blog on affiliate marketing or anything like that. So I don’t make a whole lot, but in the future I probably will. Actually. I am starting to think up some ideas and probably going to create other YouTube blogs and other social media platforms that more go into reviewing products and promoting products and stuff like that, so that I will be able to get a little bit better of affiliate income.

But anyways those are the different passive income streams. The first one was investing. The second was social media. Next was blogging: next was YouTube / vlogging and the last one was affiliate marketing and just to note all these, besides really investing, I think, requires some sort of social media presence, whether it be on youtube, snapchat, Instagram and Twitter. Now that doesn’t just have to be your personal account, because I have personal accounts on all of these platforms, but you can also create an account oriented to what you like, or what you’re interested in doing like, for example.

If I myself should do this, and I really haven’t been on it as hard as I should be – I’m very into obviously investing in the stock market, I should definitely make a Twitter account. And/Or, probably an Instagram account that is focused on posting, investing and financial advice and no not financial advice, but investing post financial posts and things like that to try to get a bigger audience on those platforms to then direct them to my youtube blog and then people On the YouTube, blog direct them to those accounts and that and then I could continue to generate more income off of those and just really get more followers off of those.

But unfortunately I haven’t done that yet, hopefully I would get better at that and more into that in 2018, but anyways guys after this article. I don’t want to make it too long if you enjoyed the article leave a like and if you’re interested in what I like to talk about, which is investing and the stock market definitely head out to my blog besties, but NGOs and kids that are subscribing. But other than that guys, I hope you enjoyed the article


Website design packages are a great way to improve your digital marketing image.

 

Categories
Online Marketing

Watch Me Make 183.29 in 15 Minutes! – (Passive Income Case Study Ep.1)

If you want to know my number one recommendation to make money online, go ahead and click the first link in the description and if you like articles about entrepreneurship and online marketing, make sure you hit that subscribe button and hit that notification.

What’s going on guys Eric Keller’s jr. Here back at it again with another fire as article and in this specific article, we’re just going to be going over a case study of a new business that I’m launching right and if you guys want to get access to It it’ll be the links in the descriptions or there’ll be a button down below or something along those lines right, but let’s take a look right step behind a laptop boom, we’re behind a laptop now in what I’m promoting it’s, it’s it’s as this is the model.

That’s incredible right now. Basically, it has five different income streams right. So here’s one of the income streams, twelve unpaid members right, but these twelve unpaid members pay once they actually do decide to upgrade. They pay anywhere from ten to not ten anywhere from a thousand to two thousand dollars in commissions, ridiculous right and not that one. So here’s the next one, nothing right there so far, but there will be trust me for this income stream are okay ROI panel.

Nothing! There so far now lifestyle we’ve had some clicks, but no money there. So far, but last but not least, I want to show you guys one hundred and eighty three dollars and twenty cents. So guys look fifteen minutes worth of work. That’s all that I did was. I sent an email out by a Senate email and I created a youtube article and in that instance, I made one hundred and eighty three cents from twenty cents.

Now. How long did it take me to make that YouTube article, probably five minutes? How long did it take me to send out that email – probably 10 minutes, so total is worth a total amount of work? 15 minutes. I just launched this business now. I want to show you guys it’s because I’m going to be doing case studies on the on arm on the up and coming days of the progress of this new income stream. Five different income streams, guys one thing about millionaires.

This millionaires has seven income streams, plus the average millionaire has seven income streams. Now this is just one system that provides five different income streams right. So I’m going to continue to update you guys so far within less than 24 hours, 15 minutes worth of work. So far, one hundred and eighty two dollars and 20 cents now just a reversed a little bit. I remember back in the day when I literally used to be slaving away at a corporate job, and I used to be working forty hours per week.

Pounding phone calls trying to sell vacation packages, and I finally got my check and you know what it said: a hundred and seventy dollars. I was like first and foremost of what I was supposed to get paid over $ 200, that you’re giving me 170. What is this, and I asked somebody is the first time I got one of my paychecks I asked, but the free do this yeah, you have to pay taxes, I said, are you freaking kidding me so I worked 40 hours per week and I get a hundred And seventy dollar paycheck right and fast forward to today, literally 15 minutes worth of work and a hundred and eighty two dollars and 20 cents now guys.

I promise you this. This is looking like an income stream. That’s going to be probably on average about five hundred dollars per day, because the fortunes in the follow up so overtime right as I actually start to run these case studies, these incomes, these income days are going to be much bigger income days right so right now. First, 24 hours 15 minutes worth of work, 182 dollars and 20 cents right.

If you guys want to access to this, if you’ve been looking for something to promote, I’ve promoted a whole bunch of things, but people have been asking me: what are you promoting right? Now? Look, this is what I’m promoting right now, it’s this system right when you click down below it’s this system, that has five different income streams. So this is just one. I just showed you the other ones right.

There look, there’s nothing made there, but that’s the power. Imagine bar, which is promoting one income stream. I wouldn’t have made any money, but because they’re spot, if somebody decided to actually buy the fifth one which hint why I got 183 dollars with the Commission’s now moving forward. Some of these other ones are going to start producing income and I’m going to update you guys, if you guys, want access click click down below and for anybody who invests into the higher ticket packages.

Now, I’m being very transparent with you, there’s some things that you can invest into that are $ 1,000 plus, if you do send me your receipt and because you’ve invested into that I’ll, give you my course, which is $ 1,000. 999 997 dollars. My affiliate marketing course. I would give it to you absolutely free if you invest into higher ticket packages right. So that being said, that’s a little case study.

I just wanted to update you guys if you aren’t already if this is on youtube, go and hit the subscribe button hit that like button, and I just want to show you how the power of passive income literally 15 minutes with work one hundred and eighty dollars. I used to work 40 hours per week now it’s not the most amount of money ever, but it’s only going to get bigger. It’s only going to get better, and this is something that can finally allow you guys to get freedom right.

The freedom you’ve been looking. Imagine it an extra two hundred dollars per day. What would that do for your life too much right? I know it’s going to do something crazy for me. So with that being said, you guys want access click below appreciate. You guys update you guys, on future case studies as ours, your boy, Eric, yellow stream. You check it out.


Website design packages are a great way to improve your digital marketing image.

 

Categories
Online Marketing

Top 5 Best Passive Income Ideas for 2018

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


Website design packages are a great way to improve your digital marketing image.

 

Categories
Online Marketing

Passive Income Ideas For Beginners 2019 & How I Made $1,200 Per Month In Passive Income In 6 Months!

This has actually been something that has been on my mind for, like the last week and a half So this weekend I was on. I was reading tons of blogs. I’ve just wanted to like first figure out.

Okay, like I already know, a lot of different ways and strategy to create passive income, But I was like there’s got to be other ways that I’m missing, So I always like to look out and see like okay in five ten years from now. Okay Is what I’m doing today going to get me to the point where I want to be in five to ten years and if it’s not, Then I like to readjust sorry situate and then just kind of move forward from there.

Okay, so like actually one of my mentors, he had this really good comment that I’ve always remembered I’ve always really liked, and it was in in five years or 10 years or 20 years or whatever. It is. Okay, no matter what There’s one truth and you’re going to be in ten years, You’re going to be ten years older, Okay, so doesn’t matter like what you do you’re always going to be ten years older, So it really depends on what you do today.

This is going to change the course of where you’re going to be in ten years from now So passive income or residual income. Basically, a quick explanation. Definition is you’re, not trading time for money. Right, Like you, obviously got to go put in some hours and some work to actually get to that point where you’re creating passive income. But it’s something we’re like you: can do the work once: okay, it or invest the money once and then you’re paid out long-term Over a longer period of time.

So I was just kind of like thinking about that. I’m just like okay. What like, what number, what I have to get to, if, like I, was living my dream lifestyle? How can I go through and create passive income to get to that point, and the thing is guys with this: This is not a get-rich-quick. This is more of the long-term and, if you’re, slowly, building like if each year, you add another five hundred dollars or even a thousand dollars of passive income to your Life, then think about that.

If you’re doing a thousand dollars every single year, it’s really not that much, But after ten years, you’re having ten thousand dollars per month of passive income coming in. So at that point honestly, like I mean that’s a six-figure income, You can literally quit your job. You can do what you really love, And so that’s what I like kind of mentality that I like to think of like Okay. What’s that number I need to get to and what are the things that I need to do to be able to get to that passive income Number that I can just live a completely carefree life.

They don’t have to worry about. You know financial things and money. Coming in and I could just do what I love right like you – can go through and start a new business, you could go and you know have a passion or hobby or any Of that stuff. So just a couple of things that just a couple of examples of different passive income. So one thing like you hear there is the term residual income. One thing that I think of always is network marketing, multi-level marketing.

So you’ve got like the big companies like Amway Nu Skin, There’s a tons of other ones out there, which I don’t you know. I don’t necessarily focus on that, But another method is going through and investing in real estate, so it could be residential real estate. It could be commercial real estate, It could be, you know, storage units, It could be billboards where you go through and let’s say you go and buy a single-family home Right or even in a multi-family home, and you pay.

You know – Let’s say it’s a $ 200,000 home And your mortgage on that is, let’s say, a thousand bucks and you’re able to get fifteen to eighteen hundred dollars a month. Rent Then you’re making the difference Right So like no matter what you’re doing You’re, making five to eight hundred dollars and obviously a lot of us can, you know Not a lot, but some of that’s going to go towards taxes. Some of it’s going to go towards like repairs and upgrades and just keepin kind of like all that property management stuff going on.

But you know you’re, making a good five hundred dollars of passive income that you’re making that only because you’ve Invested that money. Now, as I was thinking about all this stuff, One key concept I was thinking was like one: Not everyone’s got. You know 100 200 thousand dollars to go, throw into real estate And, yes, you can go through and you can get started with no money down. There’s a lot of different like plans and strategies, but I was trying to figure out like things that you can get started with with very little money or even started with with no money But might be more of a time.

Investment, because pretty much what I’ve learned is everything in life. You either get there faster via money or it’s going to take a little bit of time of your personal time, your sweat equity of going through and investing that time into Some sort of business. To get that investment get that return on that investment Right, So I’ve got real estate. You’ve got kind of like that network marketing.

There’s a I was reading some blah. They were talking about peer-to-peer lending, which I don’t know, I’m not a huge fan on that. I’m probably kind of more of a skeptic on that, but there’s a site that they talked about. It’s called Lending Club calm, so you guys can go check that out. I actually didn’t go check that out, but on some of the sites I was reading, they said you can get about a six to ten percent return on your money and You can invest as little as a few hundred dollars or even a thousand bucks.

So if you got kind of got less money and you want to go through and go do that route, Then obviously that’s something you can go through and make happen also investing in stocks. But one thing guys: I want to share with you guys What I what I think that I want to go through and continue to grow and continue to do and Creating that passive income for my life and something that, like in five to ten years, It’s still Going to benefit me – and I don’t have to have the high cost of even property tax like real estate or you know It’s going to be something that can serve me for years to come and that is going through and continuing one To build.

My youtube blog. So right here that you guys are reading and then second I’m thinking about starting a blog to go through and have similar content that I like share on the blog or Share on my youtube blog, But put it on the blog. Because sometimes people like to read articles other people just more like to read or like to look at pictures and so kind of having those two aspects to be able to go through And make money and grow my email list, Okay, Cuz an email list – is actually Something that can create a lot of passive income Where you go through.

You start build an email list. If you get a thousand people on that email list And you’ve got a product, you got your own products. You’ve got affiliate products, So affiliate product is basically someone else’s products, but they’ll pay you a twenty-five to fifty to seventy-five percent commission to go through and promote their product, which is kind of nice, because You don’t have to worry about the product development and their sites.

Like Commission Junction Clickbank, where there’s tons of products in all these different markets that you can go through and promote now the reason why I, like a blog and I like a YouTube blog so much this goes back to when I was first getting into old digital Marketing space and I Started up a dental website and promote that dental website. I started a dental YouTube blog Okay and this is dead YouTube blog.

I was going through and targeting keywords like dental implants, teeth, whitening, cost of dental implants. Like all these different keywords – and The idea was to have people find my articles because they were searching on YouTube or Google or something like that, find the articles, and then they would eventually go to my blog now. The wonderful thing about this is unlike a Facebook, post or even an Instagram post, which those are both great platforms to go through and build a following on, but You make that Instagram post and three days later, It’s so deep in the newsfeed that it’s really not Going to benefit you, Okay, Whereas if you go through and make a youtube article just like this one or if you make a blog and you have a blog Post and you’re targeting specific keywords So like, for example, this one: how to create passive income for dummies And 20:18, Then that’s something that people are going to actually type in the search engine: Okay And then in five years, ten years and all that stuff.

From now. If it’s ranking in the search engine, People are still going to find that Okay, so that is Passive income that you go through and you’re able to make. So you go through that, basically is an asset that you have That absolutely never dies. Okay, so like, unlike I kind of call that virtual real estate right So you’ve got a blog post, which is kind of like a plot of land. Okay, that you own or a YouTube articles like another little plot of land that you own And if you guys put ads on it or if you go through – and you have you know, An opt-in to your email list and you’re selling other products.

These are just different little ways to go through and monetize this following and this blog that you’re creating And remember guys, like you got to think a long term Right. So many people get into it and they’re like I didn’t make money the first month. I didn’t make money the second month the third month and they just kind of quit, Whereas like if, over the course of a year, You could just make an extra 500 bucks a month.

You grow that 500 bucks a month. That’s six thousand dollars for the year right. That’s pretty nice! That’s like that is a that’s a hefty car payment right there, five hundred dollars a month. Okay! So that’s the way you just kind of got to think about this passive income and these different strategies, where you don’t have to have a Ton of money to go through and invest into real estate. But if you put in the sweat equity, the labor Go through and figure out, learn a skill like how to go through and start and grow a YouTube Channel how to go through and start and grow a blog.

How to go through and start building an email list and sell Affiliate products just different things like that, there’s so much free material all over the internet on how to start a blog, how to start a YouTube blog, how to start an Email list how to go Through and promote Affiliates products, because a lot of times the product owners, if you are an affiliate, They have a ton of free, coaching and free training just to give you because they want you to promote their own products right.

So It’s a great way to go through, create a article how to whatever okay and then five years down the road, if someone’s looking to go through and how to create passive income or how to Run a Facebook ad or how to do whatever they’re going to See that same article that you ranked So many years pass like I’ve got articles that I put up in January of this year, because that’s when I started really getting serious with my youtube blog and now they’ve got about 30,000 views, whereas that first day or those First, two days, They maybe only got like a hundred – maybe two hundred views.

Okay, So it’s just all that attention that builds up and you’re able to go through and create passive income. In the last six months, I’ve been able to grow this YouTube blog to making about twelve hundred dollars a month, a passive income. So Just think about it. I mean obviously that’s a little bit quicker than most people, because I’ve got somewhat small Channel. Still It’s about 8,000 subscribers, twelve hundred dollars a month, Whereas I know other people who have bigger blogs than I do like I’ve got.

A friend he’s got a blog with 300,000 subscribers and he’s only making about three thousand dollars in passive income, and that’s because the audience is just different right, so He’s going after an audience That is just always on YouTube and they’re, just kind of like read it Seen all these different ads, Whereas, like the audience that I target, is more business owners. You know real estate agents is people that are a little bit higher quality Of value to YouTube and to advertise when they’re going through and displaying their ads.

So, anyway, guys hoping this was helpful as far as like some different ways to go through And create passive income for your life and just think of that long-term mindset. Okay in five years in ten years, in like 15 years, What can you do? This may be adding $ 100 a month, a passive income to your life, So you’re adding $ 100 a passive income every single month by the end of the year after 12 months, You’re at 1200 dollars a month, a passive income.

Okay and yes, it’s not completely replacing your full-time job right now, But give it a couple years, give it three to five years and that completely replaces your full-time income, where, if you wanted to quit your job and focus a hundred percent full on on, You know, Creating a YouTube blog or creating a blog or any of these different things You go through, create that passive income and then the money you’re making from that you can go through and invest into real estate.

You can invest into stocks. You can invest in just a bunch of different things, But the key is you just got to start small, You got to start somewhere and the best time to start is right now, because you know, if you go down five years from now, Then you’re like man. I should have started creating passive income because believe me at some point, There’s going to be a time in your life or you’re like man.

I wish I had more passive income when you get to be about 50, 55, 60, 65 And you’re thinking about retirement you’re, going to wish that you had started earlier of creating that passive income So that you can go through and support your lifestyle. What, however, grandiose you want it to be, or, however, just small and simple Just be able to have that money coming in, so you don’t ever have to worry about finances ever again.

Alright, so you know you guys, if you guys enjoyed this article and you want me to make more articles about creating passive income and how to Do it with a youtube blog or a blog or different things like that drop, a comment down below, or Even just Kind of even building an email list and I’m more than happy to create more articles of how I’ve gone through and created Different passive income streams for myself and my life, my business and I want to be able to go through and share those with you Guys.

100 % free here on this blog, because I’m just I’m here to support you guys, I’m here to help you guys with everything that you’re doing So. If you guys, like this article, go ahead, give it a thumbs up. Also, if you’re brand new here make sure you guys subscribe, because we launch new articles every single week, how to generate more leads, make more money and Grow your business right. So thanks so much guys for reading – and I see you all later –


Website design packages are a great way to improve your digital marketing image.