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
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