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
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
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
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.
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
I talked about the stock market, personal finance, entrepreneurship, things like that. So here’s that kind of stuff here or not yet subscribed definitely consider subscribing but other than that getting into it. So, like I said I’ll, be talking about passive income and specifically I’ll be talking about what passive income actually is.
Some misconceptions about passive income, then how I make it and how you might be able to as well so one of the best investors of all time, the one of the goats Warren Buffett says: if you don’t make money, while you sleep, you will never become rich And I definitely definitely agree with this now, when I’m talking about passive income, I’m not talking about starting some, like amazon, FBA or some Shopify store, or some like that, I’m talking about actual passive income.
So looking at passive income in its purest forms – and I think there are a lot of different forms of passive income in different ways – it can be like associated with different incomes, but either way. The purest forms of passive income is just simply investing in the stock market in one way or the other or investing in real estate, so why? Those are the two purest forms of passive income? Well, if we look at what passive income actually means, it basically means putting X amount of money into something and then having that just simply generate you more money and that’s really what passive income in is at its purest form.
So, relating this to the stock market, you put X amount into the stock market, whether it’s an you know, it could be in stocks, individual stocks ETFs different kinds of funds, bonds, whatever it might be, and then having that money grow over time and maybe make you Make money through capital gains or through dividends, and then, when looking at real estate, it could be investing in REITs or literally investing in physical, real estate like apartments or houses.
Duplexes offices different things like that, then getting money again through capital gains dividends as well as perhaps some sort of rent. Now those are the two purest forms of passive income, and I think it is actually important to have you know one or both of those in your kind of like arsenal of income, because those of course are the, in my opinion, some of the best ways that You can make money over the long term and specifically I invest in the stock market.
I really do enjoy investing it’s really smart to do it. You know whatever age rap, it doesn’t really matter, but either way getting back to the passive income aspect of it. In order to actually make some sort of income that you could live off of or get you to quit your 9 to 5 or maybe get you to stop working a little bit less, you need a significant amount invested into the stock market and it would be Upwards of hundreds of thousands of dollars now I don’t think if you’re reading this article I’m going to have to assume – and I know I don’t myself – just simply – have hundreds of thousands of dollars lying around to invest and the stock market.
That’s why in 2019, I actually think there are some smarter ways to get passive income online and it’s kind of exactly what I’m doing right now. So, basically, I think the easiest way to create passive income online is basically to create a mini online business through a bunch of different ways, and it basically is what I’m doing right now. So I think the easiest way to actually create just overall income and even to start off of business, which I would consider somewhat passive in nature, because it’s not going to be your full-time job.
Just yet, it’s simply by creating contact online. Whether or not it’s through YouTube or Twitter or Instagram, it doesn’t really matter, but I think the smartest way by far to make an online business that could create passive income, for you is just simply by creating content online. Now, obviously, there’s a ton of different ways to create content, and I think personally, the smartest way to do it is actually to go.
Follow Gary v’s, like content structure, you could just Google like Gary Vee content. I think it’s like slide on slide shares or something like that. It’s this beautiful way to do it, but I’m not going to break down the entire thing, maybe in a different article, but either way. Basically, what you have to do is do exactly what I’m doing so, pretty much figure out something you enjoy talking about or writing about, or making pictures about doesn’t really matter.
They could be anything from the stock market. To you know, entrepreneurship, to astronomy, Harry Potter. You know NFL, it doesn’t really matter if you’re interested in it, there’s probably other people who are interested in it as well. The next thing you got to figure out is where how are you going to actually make this content online, so this is going to be through article audio picture, written form.
It doesn’t really matter now. Obviously, if you’re doing article, I think there’s some the easiest way to do is just simply through YouTube. It’s super easy to use. It’s convenient it’s free, then, if you’re using audio, I actually think a podcast is a great way to go as well, but this could be a little bit different if you’re, like an artist or something that obviously you need to use SoundCloud or some medium like that.
But I actually think podcasts are super easy. I personally use anchor for my own podcast, which I don’t post on as much as I should. But anchors are free to use one that pretty much allows you to post on every platform that you could possibly listen to a podcast on and then, if you’re going. Some sort of visual – that’s not article like perhaps if you’re trying to do some sort of pictures, of course, there’s always Instagram Pinterest.
I mean there’s literally so many social media networks out there that you probably use yourself. Well, you know Facebook, even you throw that in there as well, that you could post do, but I personally like YouTube and think it’s the best to start off on. If you are a beginner, but either way once you figure out how you’re actually going to produce that medium, of course, the next part you’re going to want to do is actually just simply start creating so a lot of people.
I know they asked me because I have like a reasonably: I have a pretty decent following on YouTube right now and on social media online in general, a lot of people asked me how I got my following and how I started: making money off youtube and honestly, The simplest way is just to simply start posting content, so when you actually start making content and actually start putting it out there, if you just go back and look at some of my earliest articles, my articles were really really bad and when I first started making Articles on YouTube is literally me just simply screen recording my phone.
It wasn’t even me sitting in front of a camera. So when you first start off posting your content, you know whether it’s on YouTube or not. It’s probably not going to get millions of views or likes or retweets, whatever it’s probably going to get none and probably the only people retweeting it’s going to be like your boyfriend or girlfriend or mom or dad. Whoever might you know you told what you’re doing, but either way you have to start off somewhere.
I think it is smart. Jesus simply start creating content, not necessarily worrying about if it’s the best thing ever, but just start getting it out, because your first article your first picture, your first podcast is going to be a whole lot worse than your hundreth one, and I could definitely agree with That, with more than ever and then speaking about actually how you start making money and actually start making income off of these, there are so many different ways.
Personally, how I make money from my youtube blog is one. The biggest revenue source for me is just simply through Google Ads. So that’s one thing that I really like about YouTube as well. Is that it kind of does a lot of monetization stuff for you. So when you I’d just simply upload articles and I’ve reached actual monetization requirements on YouTube, YouTube literally pays me just simply for uploading articles that are monetized and getting monetized views now, of course, not all websites and social media sites are like this, but there’s so many Different ways: another way to make money is through referral marketing.
So basically, I use m1 finance and acorns referral marketing links, so those links are in the description and when you sign up using those links and fund your account, you get either five or ten dollars, and then I also get five or ten dollars. When you do that as well and then similar to that, there’s also affiliate marketing, which I know a lot of people out there make a ton of money off of. But I personally don’t because it just doesn’t relate to my blog.
But I talk about as much but in the description to see as well there’s an Amazon affiliate link and basically, if you click that link and buy something on Amazon, I get a small commission from that. That’s usually under like four percent, and really I don’t make pretty much any money from that at all. I only make like 20 bucks a month off of that if I’m lucky, but obviously, if you’re making something that’s more product oriented if you’re reviewing or unboxing things, you probably make a whole lot more money off of that and, of course, you could also just simply Try to sell stuff, that’s associated with what you’re talking about which I actually think is like one of the easiest ways to make money.
So there’s a bunch of different things you could sell, you could sell physical products. So if you want to go out there and make a soccer Instagram page, maybe perhaps you can make a little site income off selling soccer, jerseys or soccer balls, and then you can also sell things that aren’t physical, like ebooks, like just literally selling your own work Online, so if you’re like an artist or something like that, then also you could sell things like courses and like free article chatting live streaming with you or something like that, and there’s youtubers out there in my field that make money from literally doing client calls with People like they’ll charge from 20 bucks for a half-hour or something like that, there’s so many different ways out there.
You could make money that it is absolutely crazy and I think if you are, you know complaining about your nine-to-five job or if you really want to create some sort of passive income online. I really do think this is the easiest way out there. Just do it by far and other than that, just speaking on behalf of my actual passive income and what I do with my youtube blog so right now, I’m making a little over a thousand bucks a month from just my youtube blog, and I really don’t post Too often on any other social media – and this is really the only YouTube blog – I have that generates any money.
So in the future. What I actually plan to do is obviously continue to grow and work on this YouTube blog, but also expand this blog out on different social media networks. So I do have an Instagram. I do have a Twitter, but don’t really post too much on them. I want to post more on Instagram more on Facebook, which I also have more on Twitter and then also branch out onto other social media platforms like LinkedIn and even other newer ones like tick-tock and then also.
Lastly, one other thing I’ll do to continue to branch out this kind of passive income stream, for myself is just to simply try not necessarily to you know, keep the revenue going with this specific YouTube blog, but also start off different YouTube blogs that might be associated With this one like, I want to definitely start like some sort of like YouTube social media, how to because I’m actually pretty good at that YouTube type blog.
And then I also have a gaming blog, which I’m doing a tech blog which I’m doing, which obviously you haven’t or fu. I don’t know if you check them out or not, but have not grown nearly as much as this one have. Yet. But again I don’t post on those nearly as much as I do on this blog. So that’s my pretty much passive income goals for the next year or so then also what I’m doing right now, and I hope this really helped you guys but other than that guys it’s really air for this article.
So definitely let me know in the comments section what you think of this. I personally think this is just simply the easiest way to make income in 2019 and I think it is passive in nature because a lot of times when you’re doing this stuff, it’s a lot of initial work at once, but then once you kind of get, it Start rolling you get into a routine of things, it’s a whole lot easier and personally. For me, it is pretty passive in nature, but other that guys, like I said before, if you knew the blog definitely subscribing talk about the stock burger personal finance entrepreneurship.
Things like that to me interests that kind of stuff and you’re not subscribed, definitely consider, subscribing and also feel free to check out my social media. I have those affiliate referral links in the description as well, if you’re interested in any of that stuff, but other than that guys. Thanks for reading, I hope you enjoyed
I talked about the stock market, personal finance, entrepreneurship, things like that. So here’s that kind of stuff here or not yet subscribed definitely consider subscribing but other than that getting into it. So, like I said I’ll, be talking about passive income and specifically I’ll be talking about what passive income actually is.
Some misconceptions about passive income, then how I make it and how you might be able to as well so one of the best investors of all time, the one of the goats Warren Buffett says: if you don’t make money, while you sleep, you will never become rich And I definitely definitely agree with this now, when I’m talking about passive income, I’m not talking about starting some, like amazon, FBA or some Shopify store, or some like that, I’m talking about actual passive income.
So looking at passive income in its purest forms – and I think there are a lot of different forms of passive income in different ways – it can be like associated with different incomes, but either way. The purest forms of passive income is just simply investing in the stock market in one way or the other or investing in real estate, so why? Those are the two purest forms of passive income? Well, if we look at what passive income actually means, it basically means putting X amount of money into something and then having that just simply generate you more money and that’s really what passive income in is at its purest form.
So, relating this to the stock market, you put X amount into the stock market, whether it’s an you know, it could be in stocks, individual stocks ETFs different kinds of funds, bonds, whatever it might be, and then having that money grow over time and maybe make you Make money through capital gains or through dividends, and then, when looking at real estate, it could be investing in REITs or literally investing in physical, real estate like apartments or houses.
Duplexes offices different things like that, then getting money again through capital gains dividends as well as perhaps some sort of rent. Now those are the two purest forms of passive income, and I think it is actually important to have you know one or both of those in your kind of like arsenal of income, because those of course are the, in my opinion, some of the best ways that You can make money over the long term and specifically I invest in the stock market.
I really do enjoy investing it’s really smart to do it. You know whatever age rap, it doesn’t really matter, but either way getting back to the passive income aspect of it. In order to actually make some sort of income that you could live off of or get you to quit your 9 to 5 or maybe get you to stop working a little bit less, you need a significant amount invested into the stock market and it would be Upwards of hundreds of thousands of dollars now I don’t think if you’re reading this article I’m going to have to assume – and I know I don’t myself – just simply – have hundreds of thousands of dollars lying around to invest and the stock market.
That’s why in 2019, I actually think there are some smarter ways to get passive income online and it’s kind of exactly what I’m doing right now. So, basically, I think the easiest way to create passive income online is basically to create a mini online business through a bunch of different ways, and it basically is what I’m doing right now. So I think the easiest way to actually create just overall income and even to start off of business, which I would consider somewhat passive in nature, because it’s not going to be your full-time job.
Just yet, it’s simply by creating contact online. Whether or not it’s through YouTube or Twitter or Instagram, it doesn’t really matter, but I think the smartest way by far to make an online business that could create passive income, for you is just simply by creating content online. Now, obviously, there’s a ton of different ways to create content, and I think personally, the smartest way to do it is actually to go.
Follow Gary v’s, like content structure, you could just Google like Gary Vee content. I think it’s like slide on slide shares or something like that. It’s this beautiful way to do it, but I’m not going to break down the entire thing, maybe in a different article, but either way. Basically, what you have to do is do exactly what I’m doing so, pretty much figure out something you enjoy talking about or writing about, or making pictures about doesn’t really matter.
They could be anything from the stock market. To you know, entrepreneurship, to astronomy, Harry Potter. You know NFL, it doesn’t really matter if you’re interested in it, there’s probably other people who are interested in it as well. The next thing you got to figure out is where how are you going to actually make this content online, so this is going to be through article audio picture, written form.
It doesn’t really matter now. Obviously, if you’re doing article, I think there’s some the easiest way to do is just simply through YouTube. It’s super easy to use. It’s convenient it’s free, then, if you’re using audio, I actually think a podcast is a great way to go as well, but this could be a little bit different if you’re, like an artist or something that obviously you need to use SoundCloud or some medium like that.
But I actually think podcasts are super easy. I personally use anchor for my own podcast, which I don’t post on as much as I should. But anchors are free to use one that pretty much allows you to post on every platform that you could possibly listen to a podcast on and then, if you’re going. Some sort of visual – that’s not article like perhaps if you’re trying to do some sort of pictures, of course, there’s always Instagram Pinterest.
I mean there’s literally so many social media networks out there that you probably use yourself. Well, you know Facebook, even you throw that in there as well, that you could post do, but I personally like YouTube and think it’s the best to start off on. If you are a beginner, but either way once you figure out how you’re actually going to produce that medium, of course, the next part you’re going to want to do is actually just simply start creating so a lot of people.
I know they asked me because I have like a reasonably: I have a pretty decent following on YouTube right now and on social media online in general, a lot of people asked me how I got my following and how I started: making money off youtube and honestly, The simplest way is just to simply start posting content, so when you actually start making content and actually start putting it out there, if you just go back and look at some of my earliest articles, my articles were really really bad and when I first started making Articles on YouTube is literally me just simply screen recording my phone.
It wasn’t even me sitting in front of a camera. So when you first start off posting your content, you know whether it’s on YouTube or not. It’s probably not going to get millions of views or likes or retweets, whatever it’s probably going to get none and probably the only people retweeting it’s going to be like your boyfriend or girlfriend or mom or dad. Whoever might you know you told what you’re doing, but either way you have to start off somewhere.
I think it is smart. Jesus simply start creating content, not necessarily worrying about if it’s the best thing ever, but just start getting it out, because your first article your first picture, your first podcast is going to be a whole lot worse than your hundreth one, and I could definitely agree with That, with more than ever and then speaking about actually how you start making money and actually start making income off of these, there are so many different ways.
Personally, how I make money from my youtube blog is one. The biggest revenue source for me is just simply through Google Ads. So that’s one thing that I really like about YouTube as well. Is that it kind of does a lot of monetization stuff for you. So when you I’d just simply upload articles and I’ve reached actual monetization requirements on YouTube, YouTube literally pays me just simply for uploading articles that are monetized and getting monetized views now, of course, not all websites and social media sites are like this, but there’s so many Different ways: another way to make money is through referral marketing.
So basically, I use m1 finance and acorns referral marketing links, so those links are in the description and when you sign up using those links and fund your account, you get either five or ten dollars, and then I also get five or ten dollars. When you do that as well and then similar to that, there’s also affiliate marketing, which I know a lot of people out there make a ton of money off of. But I personally don’t because it just doesn’t relate to my blog.
But I talk about as much but in the description to see as well there’s an Amazon affiliate link and basically, if you click that link and buy something on Amazon, I get a small commission from that. That’s usually under like four percent, and really I don’t make pretty much any money from that at all. I only make like 20 bucks a month off of that if I’m lucky, but obviously, if you’re making something that’s more product oriented if you’re reviewing or unboxing things, you probably make a whole lot more money off of that and, of course, you could also just simply Try to sell stuff, that’s associated with what you’re talking about which I actually think is like one of the easiest ways to make money.
So there’s a bunch of different things you could sell, you could sell physical products. So if you want to go out there and make a soccer Instagram page, maybe perhaps you can make a little site income off selling soccer, jerseys or soccer balls, and then you can also sell things that aren’t physical, like ebooks, like just literally selling your own work Online, so if you’re like an artist or something like that, then also you could sell things like courses and like free article chatting live streaming with you or something like that, and there’s youtubers out there in my field that make money from literally doing client calls with People like they’ll charge from 20 bucks for a half-hour or something like that, there’s so many different ways out there.
You could make money that it is absolutely crazy and I think if you are, you know complaining about your nine-to-five job or if you really want to create some sort of passive income online. I really do think this is the easiest way out there. Just do it by far and other than that, just speaking on behalf of my actual passive income and what I do with my youtube blog so right now, I’m making a little over a thousand bucks a month from just my youtube blog, and I really don’t post Too often on any other social media – and this is really the only YouTube blog – I have that generates any money.
So in the future. What I actually plan to do is obviously continue to grow and work on this YouTube blog, but also expand this blog out on different social media networks. So I do have an Instagram. I do have a Twitter, but don’t really post too much on them. I want to post more on Instagram more on Facebook, which I also have more on Twitter and then also branch out onto other social media platforms like LinkedIn and even other newer ones like tick-tock and then also.
Lastly, one other thing I’ll do to continue to branch out this kind of passive income stream, for myself is just to simply try not necessarily to you know, keep the revenue going with this specific YouTube blog, but also start off different YouTube blogs that might be associated With this one like, I want to definitely start like some sort of like YouTube social media, how to because I’m actually pretty good at that YouTube type blog.
And then I also have a gaming blog, which I’m doing a tech blog which I’m doing, which obviously you haven’t or fu. I don’t know if you check them out or not, but have not grown nearly as much as this one have. Yet. But again I don’t post on those nearly as much as I do on this blog. So that’s my pretty much passive income goals for the next year or so then also what I’m doing right now, and I hope this really helped you guys but other than that guys it’s really air for this article.
So definitely let me know in the comments section what you think of this. I personally think this is just simply the easiest way to make income in 2019 and I think it is passive in nature because a lot of times when you’re doing this stuff, it’s a lot of initial work at once, but then once you kind of get, it Start rolling you get into a routine of things, it’s a whole lot easier and personally. For me, it is pretty passive in nature, but other that guys, like I said before, if you knew the blog definitely subscribing talk about the stock burger personal finance entrepreneurship.
Things like that to me interests that kind of stuff and you’re not subscribed, definitely consider, subscribing and also feel free to check out my social media. I have those affiliate referral links in the description as well, if you’re interested in any of that stuff, but other than that guys. Thanks for reading, I hope you enjoyed
So sorry, if it looks a little awkward, looks a little weird upon not going to be wearing these all the time, but I do want to start wearing them more to come out some stuffing because I’m not really used to wearing glasses but anyway. Today, I want to talk to you guys about investing and making passive income with a small amount of money, so basically how to invest your first thousand dollars and the reason I chose a thousand dollars to start with is because it’s small enough for a average person To save up – and it’s large enough to actually start something with, you could start with less you start with 500 hours.
You start with $ 100 even doing any of these things, but I want to sell a thousand dollars because that is a good base to start at so guys before we get into this article, go ahead and smash that thumbs up button to appease the algorithm guys On YouTube, because this is a small blog still and it helps out more than you guys know, um also, if you’re new to this blog go ahead and click that red subscribe button, so you can join this little family we got going on once anyway, guys.
So let’s say you save up this money. Let’s say you say about this one. You save up this thousand dollars and you really want to start investing in making quote unquote passive income, because not all income is not all passive income is actually passive income but because you still out you have to put work upfront. So you start with this thousand dollars. You finally saved up enough and you want to start so.
The first way to actually save up. I’m sorry the first way to actually invest this thousand dollars actually is to, and I know I’m going to get a lot of flack from you guys like I hear this all the time, but trust me this is one. This is probably that’s why I made it number one: it’s the most important thing you can do and you’ll get the highest return from it, and this is investing in yourself guys, and this could be books, buying books, buying courses eating better working out.
Just anything, that’ll really get your noodle work and more efficient and the reason I say this is the most important thing you could do, because you’ll get the highest return from it, because you’re working for yourself trust me guys, there’s a bunch of books out there. I got a book shelf over here in the corner with a bunch of books, and I read not as much as I used to actually in high school I hated reading.
I got out of high school. I started enjoying reading because I found like self-help books and, like actual factual books like I have philosophy books whatever enough with the books in my whatever, but like the intelligent investor right, Rich, Dad, Poor, Dad, the richest man in Babylon thinking Grow Rich. How to win friends and influence people? These books teach you things that you’re not going to get from a formal education, and this is some of the the best way to really amplify your rate of return on yourself and even buying courses like courses to learn how to trade options.
Courses to learn about credit, you know how to fix your credit courses to learn about how to eat properly, just anything that will help you grow as a person and and just make that next leap in life. It could even be taking a vacation, because if you’re working constantly constantly constantly and you’re, you can only do so much you’ll get physically tired and mentally tired and sometimes even spiritually, tired and you just need to take a little break and then come back to it.
Now the second way to invest your first thousand dollars is opening up a high-yield savings account. Now, if you don’t know what a high-yield savings account is it’s basically, a special savings account that the interest rate is higher than the average interest rate. So let’s say if your normal Bank, whether it be let’s say, chase or Hancock, Whitney or Iberia Bank or whatever they give you a point, zero one interest rate on all the money you have in your savings account.
Now, let’s say you have a thousand dollars in savings account in one year for the point 0.01 interest rate, you will literally be getting one cent, so whatever it chases interest rate is whether it be point one zero point: zero, one or anywhere in between you beginning Anywhere from that thousand dollars, one cent to one dollar – and that is atrocious. That is terrible, especially because we know that the average inflate rate of inflation is a two to three percent.
So if you’re not gaining two or three percent you’re actually losing money, and you might be saying well, how am I losing money if I’m not actually losing the money is because interest rate is that’s because inflation is beating your interest rate now next best step is, If you can’t beat the inflation rate, you want to get as close to it as possible. So there’s several banks out there, like wealthfront allied bank hell, even Robin Hood, is about to open up their own that cash management app with a 1.
8 percent interest rate. Me myself, I personally have a credit, korma, high-yield savings account and they offer a 1.8 percent. It’s an interest rate. So basically, this means 1.8 percent of $ 1,000 is $ 18. So when you’re generally making, you know, point 0, 1 to 0.1 zero percent interest on in in a year you’re. Now I don’t know quadrupling 10 times that right so now, you’re making one penny to one dollar to almost $ 20 a year of this thousand dollars and again.
This is when compound interest comes into play because now next year, you’re not only gaining interest on a thousand dollars, you’re gaining interest on a thousand eighteen, so you’re gaining eighteen dollars, plus a gaining interest on the first year interests, and this is with only $ 1,000. If you had $ 1000 every year, every six months or whatever $ 100 a month this these accounts, you definitely see your money grow a lot more, a lot more exponentially than it would in a regular savings account – and this is just a great way to keep Your money working for you, especially being that, if you don’t want to risk your money in the stock market, anything like that this is the safest one of the safest ways possible aside from bonds and things like that.
But do be aware that at any time the Fed can change the interest rate. So you are subject to fluctuations in your interest rates, so it might go from one point: eight percent to one percent or one point five percent, or I may even go up to two percent two point: five things like that, and there are bank accounts out there With higher interest rates than two percent, you just have to look for them.
I think one of them actually called redneck banking bank account or something like that. But so that’s just one of the safer ways. This is just one of the safer ways to actually invest your money without worrying about losing it in the stock market. If you’re, you know not ready to get in the stock market so guys. Next, we have one of my favorites, which is investing in dividends, and this is a great way to form passive income.
And if you don’t know what a dividend is, a dividend is basically a payment. You get just for owning a share in a company. So if you own one share of a company, if you own one share of a company, they’ll, give you a small amount of money every either month or every quarter that you own that share it’s an incentive in order for you to continue to own that share That stock in the company, then there are thousands upon thousands of great dividend stocks.
Some stocks aren’t great dividend stocks to have, they still have a dividend yield. Some of them are are great dividend stocks and they don’t have a high dividend yield, but it really doesn’t matter about the dividend yield itself, but rather more dividend growth. So if you’re, if you have a high dividend rate high, you know but you’re not growing, then I’d much rather have a lower dividend rate, but I know it’s going to grow over the next five to ten years and this is your annual dividend yield going up.
So let’s say s, phd’s dividend yield is four point, one eight seven percent. Now, let’s say you take your entire thousand dollars and invest it into s PhD. So four point one. Eighty seven percent of a thousand dollars is forty one dollars and 87 cents a year, meaning since this is a monthly dividend, paying stock you’ll be getting three dollars and fifty cents a month from this stock. Now, after a whole year of owning s, PhD you’ll be able to buy another share, which would then be adding more money at the end of every month.
So, instead of three thousand fifty cents a month, you’ve been making, I don’t know three, seventy or whatever it is per share per month, and once you continue to do that, and you continue to add money into these accounts. You’ll definitely see your growth over time and and not only will you be getting money from dividends, but let’s say your stock appreciates ten percent in one year, so you’re not only getting dividends from the stuff.
You also get in capital gains from the price of the stock increasing over time, and with these two combined, you can definitely make a lot of money over time Gus. So the last two find a way to invest. One thousand dollars in 2020 would be rates a real estate. Investment. Trust me. If you don’t know what a real estate investment trust is. It is a certain type of stock on the stock market and it all deals with real estate.
So basically, these are real estate. Holding companies they own real estate, all across the world or all across the country, so these real estate investment trusts they own money all over the globe and all over the country. So basically, these paid dividends every month, just like a regular dividend stock would, but instead these pay almost 90 % of the money they make to its shareholders, and it has to because there was a law passed in.
I don’t know the 80s or 70 saying that this is how they have to be paid out, so they have a much higher rate of dividend yield. But the good thing about this is basically you’re investing in real estate without owning a tangible asset without owning any type of property. So there’s no maintenance, no landlording, no phone calls no tenants. None of that. You have to do it. You literally just click a button.
Now you own real estate, now you’re a real estate investor, but through a real estate, investment trust and the good thing about these is that they, you get a lot of them paid every month, but some of them also pay every quarter. The good thing about this is: you can pick what type of real estate you want to be in whether it be large warehouses, whether it be convenience stores, whether it be apartment, buildings, hospitals, senior, living just things.
You know there’s a bunch of different areas to get into in a lot of these focus on certain ones on certain areas of real estate, but some of these, especially Oh Realty income, focus on well, I think it’s 47 or 49 different areas of real estate, and This is a great way to fight diversify your portfolio. I actually own quite a few REITs in my portfolio. You don’t even have to stop at $ 1,000. You can start with as little as $ 100.
I think Oh right now is a little above 80 bucks per share, but definitely do your own due diligence when it comes to these stocks, especially you know anything. I told you guys about in this article on whether it be reached dividend. Investing these high yield savings accounts and investing in yourself definitely invest in yourself but anyway. So the only downside with these REITs is that you can’t leverage your money out of a property so meaning that if you own a hundred thousand dollar house – and you have $ 50,000 of equity in it, usually you can pull out a certain amount of equity.
You own in that house to go, buy another house, you know you can do the beat the Bur strategy by repair rent reinvest. I don’t remember how it goes, but you know you do house hacking and things like that. You can’t do that with these real estate. Investment trusts, but I still think that they’re great I set to own in your portfolio anyway, guys. I hope you enjoyed this article and I hope that you gained some knowledge from it.
You actually took something from this article and if you did go ahead and smash that, like button father, YouTube algorithm to help a small youtuber like myself, also guys, if you’re still reading this and you haven’t, subscribed to the blog go ahead and consider clicking that red Subscribe button, so you can join this little family. We got going on also, if you haven’t added me on instagram, yet it’s either going to be on this side or this side.
I’m try to put it on this side. It’s at financial enlightenment, Michael post there pretty much daily about you, know investing personal finance, saying credit and all that good stuff. Alright guys, I hope you enjoyed the article if you want to continue journey to financial enlightenment with me, all you have to do. Is click one of these articles and look guys I’m out of here y’all have a great day.
What’s going on Eric Ellis here, CEO volt Academy, comm, the willful marketing, and in this article I’m going to be showing you seven passive income ideas now before we get into that, go ahead and click the first link in the description. If you want to know my number one recommendations to make money online, the same thing that is paid for this bali, indonesia villa and my travels.
The first thing that i’ve used to make over six figures hit the subscribe button. If that notifications about to join the family and basically just be notified every time, I drop something to eat, because why is it important to make passive income who doesn’t want to make money without doing any work right now, just a quick, disclaimer right, I truly and Honestly, don’t believe in passive income, and what I mean by that is that there is some sort of activity that has to be taken to actually put those plays emotional for you to get paid passive income to get there right.
But before you get there right, you do have to do something, but eventually, when you do get there, you are making a passive income. So basically the first one that I want to show you guys out of the seven is Airbnb guys. There is a new wave, and this is something that you guys can do with a minimal upfront cost. Oh god, the objective of this article is not to go into great detail cuz. I have to literally teach a course on every single, a these things which I’m not going to do.
I’m just here to go and give you the ideas, because that way, you can let a relative figure out, which one is the best for you and run with it now with Airbnb. The cool thing about this is that so many people think that they have to own property, guys. That is not the kids. You can literally rent a property. If you don’t have the money, there’s two ways: you could go about number one. You can go out and find investors who’s willing to put a downpayment down of a rental property, no, not investing tens of thousands of dollars to own a property, no a rental property and then, as you’re renting the property.
Then you’re simply just going to go ahead and go Airbnb it out right. So it’s literally a rentals you’re, paying, let’s just say, maybe two thousand dollars a month and if you’re charging three hundred dollars per day for somebody to actually rent this out, that’s ten thousand dollars that it’s occupied at 9000 to be exact and guys literally, you just Pay it to $ 2,000 to pay off your rent boom. That’s $ 7000 in a cash flow per month and passive income.
Now, where did the active side come to play? Cuz guys, I’m not going to be one of those grooves like Oh passive income, she’s going to make money without making and make without doing anyway. You have two options: number one is to go ahead and actually manage it yourself, so manage your properties. Number two is: if you did decide to go ahead and systemize it bring employees on on board. When you bring those employees on board like a property manager so on and so forth, it will be pretty passive right.
The only thing that’s really not going to be passive is when they reach out to you with the problem that they can’t handle and they’re going to going to reach out to you. So it’s minimal work right. Instead of making seven thousand dollars a month by freaking slave away, you could make a match making seven thousand dollars a month, but I literally haven’t won a rental property possible. I’ve seen it done, you can do it too right.
Another one is, you can actually find people who have properties that are vacant, and these are vacant properties. You can go ahead, a literally say, hey, look! Your your thing. Is vacant you’re losing money? How about I go ahead and become an agent I’m going to list it for a Airbnb I’ll handle everything, we’ve split it 50/50. So if you’re making five thousand dollars a month and a residual income, twenty five hundred is going to go to the person who owns the property 2500 going to go to yourself.
Right and again, you can put people in place to recessed amaizing and it’s pretty passive. Next is and got again take the idea and run with it. This isn’t, of course, did you guys step-by-step, how to do it. Take the idea, if you’re serious about this, if one speaks out you out of these seven ideas, take the idea run with it and take massive action. The next idea is Google Adsense. Now what does Google Adsense? Basically, you do the job one time and you get paid for every one.
What I mean by that it’s called evergreen content. What is evergreen concept? Evergreen conda’s is basically whenever you create a piece of content and it gets basically displayed on the internet and when people search for it it gets. It continues to get traffic traffic traffic. So an example of that. Is you two or vlogging right, so you create a blog and somebody’s typing in hi, make money alive and Eric’s blog is ranked number one and you get a whole bunch of free traffic right.
If you display ads on your actual website, Google will cut you a check every single month for them actually displaying ads on your website same thing with YouTube. Is you create one viral article and they and you put ads on it literally because they displayed ass on your content, evergreen content they’re going to go to pay your path so check. It only took you what time to create a piece of content right if it goes viral both I want to continue to create content, I’m just going to continue to get a check.
I was too busy personal experience through my YouTube. I’m a little bit different. I create daily content, but I create the content one time. These content forever pays me like it’s just residual income right, that’s another, the passive income idea, that’s where I’m making six hundred dollars per month, so I told you guys are making $ 100 today in passive income. That’s one of my income streams anywhere from six hundred to a thousand dollars per month in residual income, literally from my Google Adsense right.
So that’s one that I’m actually using another one is number three is Kindle publishing what is Kindle publishing your publishing ebooks right? So two ways you can go to monetize: this is either number one you can go ahead and create these ebooks that literally sell them for seven dollars right. So literally you write it one time you do it one time and then, if you have a really good book and people are buying these books right, you literally go ahead and make seven dollars every time.
Somebody makes a purchase you create at one time and you’re. Just going to get a monthly check is called mailbox money. The second option is actually creating it. Ebook and publishing it for free and within that ebook have some sort of affiliate link. So, let’s just say the e-book is a free book on weight loss. Then I can go ahead and display affiliate links and that actual in that ebook and in that ebook, once people click my links, they’re going to go to a product that I do not create, which is essentially the affiliate marketing a vendor created that product what they Purchased is made they’re going to go ahead and cut me a check.
So that’s again, it’s passive. I literally create the free ebook. I embed my affiliate links I’ll. Do it one time boom? I post the ebook, not everyone’s going to tick off, but it only takes for you to have one the freaking take off to just get a whole bunch of traffic, a whole bunch of affiliate purchases and boom you’re. Making passive income work one time and it is paying you are going now that more so is a lot less active than, let’s just say, an air BIA everybody you’ve got kind of got to be a little bit more active kettle publishing you create the creating one Time right so to increase your chances, you may want to publish multiple books right and the more you post, the more you going to make right, but you’re doing the work one time you’re in your generating and go another one is selling stock photos.
So basically, what you’re doing is, let’s just say, you’re a photographer or you’re, always on the ground, where you’re taking pictures in sometimes you don’t even posted up. That’s asked so much content that I’ve taking pictures up that I really haven’t even like published on my Instagram, because I’m the type of person where I don’t post every day I post like maybe once a week on my instrument, if you follow me shameless plugs at Eric Ellis jr, I post on a day to day on my story, but I post that he don’t maybe like a weekly basis.
So what having said with all those extra photos I have, I could literally go ahead and sell them and stock photos. So if you’ve ever gone online and you typed in like let’s just say, girl walking on the beach you’ll, most likely see that it’s water marked and you could have been the person that took that picture and you’re going to purchase it for like three dollars or Body stock photos like one to two to three dollars and what’s going to happen, is the company who stores these stock images and watermarks them is going to go ahead and pay you a percentage of every time.
Somebody buys your stock clothing, so you literally took the photo one time you send it to these people who are going to go to do all the heavy lifting for you and every time somebody buys your photo boom you get paid so that one is not like The biggest amount of income, but it’s pretty passive income now another one that I’ve actually done myself is called Toro dot-com. So this is number five. Toro is basically renting out your car so guys, instead of having your car being a liability, make it an asset right.
Do you have a nice car that you really don’t need to drive a lot? I still live in Miami right, Miami in a high-rise condo, and I used to order. My food literally had this car payment, where I was spending $ 600 per month. I wasn’t even using it so I said, let me go ahead and actually make money off of it and I started. I listed it for like $ 150 per day because it was a Range Rover and guys literally with for freaking rentals, I paid for it and then everything after that was passive.
Now, how does that passive guys, literally its passive income, because you literally just give somebody your car, they drive the car, they bring it back boom. You just get paid one hundred two hundred three hundred four hundred dollars, so you have a car, that’s you’re, barely using go ahead and rent it out on tour. Oh, it’s an app go to Toro shameless plug, I’m not getting paid any affiliate commissions, I’m just you got some value here.
Go tutorial comp and lease out your freaking car make it an asset, a liability and, if you’re worried about the miles. Oh, my god, give me a freakin break here: you’re, not making any money so you’re, just losing waiting for your freaking vehicle to depreciate. Put some freakin miles on it. Put some money in your pocket turn into an asset right, that’s another one number six! We have storage rentals now this one’s a little bit more complicated, but if you have some real deal money to actually invest into one of the greatest, I’m actually going to say this one now we’re going to say another one, something that is offline is storage, rentals And vending machines, so if any machines – let’s just say if you can go in a store, candy right again, it’s not completely passive guys.
Cuz you got to put the freakin. Can you got to refill the candy so on and so forth, but you literally just got to go to refill the candy and then have it out like a school or something along those lines, and then people are going to purchase it. You’re doing your thing, while people are actually making a purchase you’re, not working anything, the Machine handles itself. Let’s just say you have a vending machine where it actually takes cards right that card.
Another one is like ATMs. You can do the same thing. You can buy an ATM fill it up with cash, and people are going to make purchases you’re going to try to transactions, be on an ATM you’re, going to basically earn the profit margins on the candy or even a storage unit. Right you’re going to have to have a team who’s going to be able to rent out the storage unit, but basically guys I’ve literally had like a storage unit before and I’ve completely forgot, and they were charging like frickin $ 30 a month, if the literally just $ 30 a month, but that one takes a little bit higher investment.
So if you guys want a lower – and that’s when I say something like a vending machine or something along those line, now, where does the active come in? You have to find somewhere like a barber shop or there’s someone who be willing to allow you to store your ATM or your vending machine or something along those lines. I guess not. All seven of these are going to go to make sense to you, I’m just looking for one of them to make sense for you and I’m looking for you to take massive action once it does.
And last but not least, my personal favorite, that’s going to going to take me above the hundred dollars today, which is three hundred three thousand dollars per month, is one that I’m currently actually doing myself, which basically software and continuity programs now there’s two ways. First and foremost, let me explain what that is right, personal phones. What does the software software something? That’s um, the Sasse product, a software-as-a-service, something that somebody pays every single month just to go ahead and use a specific software that is helping them solve a problem.
An example of different software’s that I used as a sauna. I use that to go ahead and make delegate teams to my tasks. I use a software called black to go ahead and actually manage my team. I use the software called two buddy to go ahead and help with my youtube article marketing. I use a software called click phones to build out myself photos. I use a serum software called access campaign to go ahead and hold my email contacts and do my email marketing guys.
I am a product of the puck. I have MIDI software that I’m paying a month in and month out and if you were the person who introduced me to that software, you can actually either number one create your own software or become an affiliate meaning you can go to literally just promote these products. So find people who need this product, this problem solved by the specific software get up in front of that software and then you can go and get paid commissions every single time.
Somebody makes that payment. Another one is the continuity program. So what is the continuity program? It’s basically something that somebody’s paying month in and month out, like Netflix guys, you don’t even think twice. I have a Netflix account and I barely read it, but I’m always paying that seven dollars a month, seven dollars a month, seven hours! Long! Imagine if you created your own right, if you create it like some sort of inner circle or some Facebook group where people have to pay private access to guys literally just do your research again, I’m not going to go on crazy depth, but do your research on A continuity program: you have two options to right: you can either go ahead and create one yourself or, if you don’t mind, taking a smaller percentage, but not doing any of the work.
You can literally just find somebody who has a continuity program or a software-as-a-service and promote it as an affiliate and that’s what I do. I’m an affiliate marketer. I basically five people who have products, for example, clickfunnels is a software that I’m actively using and I’ve made. I make like fifteen hundred dollars a month and passive income with them, literally by referring people who need help with sales funnels, and I just go to give them up-to-date link it’s a software.
I give them. I give them that link one time as long as they’re making the payments you use that software I get paid. I do have to do any work, so that’s the cool thing about passive income, guys I literally make 52 our job. Is that going to make me rich? No! Is that my biggest income? No, but guys it’s $ 1,500 a month that I’m making without working and I’m literally just using somebody else’s product.
So, instead of having the headache of building a continuity program right and actually actively managing it, it’s way more passive if you have somebody who’s actively managing the company building in the company, whether it’s a membership site or whether it’s an ongoing software as-a-service. At that point, it’s kind of if you’re building it yourself, it’s kind of active because you’re actively building this business, but if usually want to be a and affiliate and just kind of get a piece of the pie.
You can just refer their product and get paid. Just residual commissions, as people actually use these products right. Those are my seven I kind of actually gave you guys like nine, because I gave you guys the vending machine and the ATM as well got seven passive income ideas. That is how you make money online and make passive income online and offline right, but at the end of the day, guys it’s not going to work.
If you don’t work it take one day. These ideas get obsessed with it, take freaking action and set yourself free at the end of the day, if you’re not making money in your sleep, you are doing something wrong. You should literally be able to open up your mailbox or check your email and see that you have made money. That is literally what the RIC people do. So you need to figure out how to do it too and again, if you guys want to know my number one recommendation make money online, there will be a link in the description first thing again: I do affiliate marketing, I’m I teach people how to do affiliate Marketing, if you guys want to do that and also earn passive income with that first thing in the description, if you guys haven’t already what the Freak are, you doing make sure hit that subscribe.
Button hit that notifications about to join the fam and follow me on instagram at Eric Ellis jr.. That is my day-to-day I post daily on my stories and I post that heat as far as really nice content on maybe like a weekly basis, and then you guys can follow me as I travel the world and um. Also, you guys get like the first-come first-serve when it comes to my YouTube articles. So with that being said, follow me on Instagram click.
The link down below, if you guys wan na know my number one recommendation, make money online and with that being said, for the last time I’m going to safe with that being said, your boy Eric Ellis jr., the wolf of marketing, checking out anything anyway straight single Smoke so we won, we won body, we were not
That is insane in this article, I’m going to go and show you guys how to make free passive income in three easy steps. Let’s step our laptop over my laptop how to make three passive income, but before I actually dive into this content. Let’s take a look at this right now. If I go to my email right and I click here – payment process, dear wills Academy, Eric Ellis you’ve been paid, seven hundred and seventy dollars in ninety three dollars and ninety three cents, so you’ve been paid, seven hundred and seventy dollars and ninety three cents in free Passive income – I know it doesn’t say that.
But yes, this is free passive income and if you guys want to go ahead and see more proof right on Monday, I made a hundred dollars on Sunday I made one hundred and nine dollars. On Friday, I made sixty two thousand thirteen cents and in the last 30 days I made a thousand three hundred and twenty-six dollars and 73 cents and free passive income. So, first and foremost, Who am I my name, is Eric Ellis.
I am the wolf of marketing. You guys, like making money online go ahead and hit that subscribe, button hit that notification bell to join the fam and for those of you coming back. Welcome back now, in this article, as stated before, what I’m going to do is teach you guys how to make free passive income in three easy steps. Now, if you guys are wondering right what that is, seven hundred and eighty seven hundred and seventy dollars in 93 cents with no investment right and then we have over a thousand dollars per month in passive income.
No investment, no money required right, basically guys. First and foremost, the first step is: what is the actual business model? The business model is called affiliate marketing. So what does infinite marketing affiliate marketing is referring other people’s products. So if somebody creates a software, you can go to right in that product. If somebody creates a course of something along those lines, you could recommend that product, even if it’s a physical product, somebody else did all the dirty work.
They created the product they put in the blood, sweat and tears, you’re, simply just finding people who are trying to solve that specific problem that that product solves connecting the two together. Whenever a cell is made, you get paid a commission now. How are we making passive income because there’s a lot of affiliate products out there, where it’s really not passive income? You go ahead and make a sale boom.
You make $ 1,000 Commission. I have some for their programs that I currently promote. I make $ 1,000 Commission’s, but it’s not ongoing residual passive income and guys I don’t even like to use passive income. This is literally like one of the only methods that I would even say something along the lines. But basically, how are you going to go to do that is by specifically promoting continuity programs.
Now what are the continuity programs? Two example of continuity: programs is a membership website so, for example, a website that you’re paying a month in and month out, because you’re paying for some sort of membership or whatever you get with that membership you’re. Giving some sort of value are you paying month by month, for example, an example of a constitutive program would be your Netflix membership.
It’s an it’s a membership that you have to pay every single month to get the benefits of being a Netflix member or Hulu membership. Those are digital products that you’re paying a monthly membership right, so you can actually find affiliate products that have consummatory programs. These membership things that people are paying a membership tax if you’re part of them number two is a software right.
So software companies, basically software companies, are companies where people pay month and and month out, for example, Microsoft is the biggest software company, one of the biggest software companies in the planet, Bill Gates right richest man in the world or was rather before Amazon and Microsoft. You have to pay every single month to get access to the benefits of being to their software right.
So what we’re going to do is we’re going to go and actually find and ability a product that allows us to promote this product, that people are going to pay me month in and month, meaning I only need to get one sell one transaction and that one Cell is going to pay any month in and a month out, then the war cells you get, the more people are going to be paying for that membership. With that software you’re then going to go ahead and actually start getting residual incomes, because people are going to continue to pay as long as that software, where that concentrated program is delivering results, we’re helping them solve that problem, they’re going to continue to make that payment.
You’re going to continue to get passive income, so there’s three simple: easy steps: I’m going to go and tell you guys which program that I’m currently leveraging right now. It’s called clickfunnels affiliate program right. So if you guys notice, I made eighteen thousand dollars so far and free passive income. I only promote this at three ways and I’m going to go to show you guys how to actually promote this in a second and how you guys can get the silver results.
But there’s three steps that we need to take. The first step is actually creating your free account. So what you’re going to do is you’re going to want to pause this article once you pause this article you’re going to click the first link in the description once you click the first link in the description, it’s going to go ahead and actually open up. This page right here, it’s going to say, join click funnels for free today, so you can literally create a free account right now, free, absolutely free, no investment whatsoever.
Your something going to go to put in your name, pretty email put in your password you’re, going to click the green button, you’re going to go to create an account as soon as you create your free account step number two very simple right: you’re going to go Ahead and get access to the click funnels dashboard right, so once you get access to the click funnels dashboard, then your reading I’m going to go ahead and actually become an affiliate for their products.
So what I’m going to do is I’m going to go to once? I create my account so after you finish step number one by clicking the link down below and actually create your free account. The next step is, you guys, are going to go ahead and actually go to this page right here and then at the bottom left you’re going to see something saying more: a billion tools, you’re going to click that link and then it’s going to go ahead and Actually come up like this welcome to the click funnels affiliate program, click funnels, pays, 40 percent monthly reoccurring commissions, that’s passive income, reoccurring, income right and then what you’re going to do is you’re some go ahead and click this blue button right here once you click this Blue button there’s something going to go and actually register for becoming affiliate right and once you go ahead and do that, the next step is once you actually have an account you’re going to be able to log into your dashboard right.
So this is still part of step number two right, which is actually becoming a click button. Put it right now. What we’re going to want to do is once you become an affiliate for free that I say that for free like absolutely free, then we’re going to go to actually shop affiliate offers right. So there’s the tip X secret just 30 days, some of those deep Philly bootcamp. There’s the click photos affiliate center.
There’s the dot-com secrets the expert secrets cause they have all a whole bunch of different affiliate affiliate products that you guys can promote. But if you guys want to promote a product that is going to pay your passive income right, if you sell a book you’re not going to go and get past victim. If you sell the 30 days so much you’re not going to get passive income, you simply want to go to actually promote their software right.
So what you’re going to do is you’re going to go to get my up Selene tools, the links right here and then what I’m going to do is I’m going to go ahead and get my free 14-day trial, so I’m going to go and actually create this. I’m going to get my affiliate link, so this link has my deleted ID. Whenever somebody makes a purchase, you just specific link and they sign up right once they actually use the software they’re starting to actually leverage it and what is the actual software, the software? It teaches people how to build automated websites, aka sales funnels that allow you to sell products on complete autopilot online.
So what you’re going to do right is once you grab that Philly link step number three: if we go back step, number three guys is simply promoted. Now, what are three ways that you could promote this for absolutely free right? The first way is product reviews. Now what people do before they actually decide to make a purchase of a product right. They actually look at a review, so two places that you guys can actually make product reviews.
For example, if I go to my blog here was the catacomb and I go down, and I like your product reviews, you look it’s one of the first ones. I did it you on clickfunnels, so if I go to read more, if I look here right, just basically a review that I did on clickfunnels throughout the actual piece of content, I have my affiliate links right. So I literally have a article and aside for my article, I have um my affiliate links now, not only that guys.
I also did a product. I did a YouTube article, so killing two birds, one stone you can do a product review as a blog or you can do a product review as a um on YouTube right. So basically, what you do is you would go and create a YouTube blog. You go to drop but actually go through the cost go through the actual software. It’s a free trial which built in a software, see how you like it see the benefits of it so on and so forth.
Do research on it and then literally just give your honest opinion on the actual software. After you give your honest opinion on the software, people are obviously looking to make a purchase instead of going to the website. You simply just say, hey look if you guys want to go ahead and take action, I believe it’s a good software. I believe it’s a good product. I use it myself going to click down below what you guys pick down below you guys can actually get access to my specific bit lately.
Now. The best thing that you guys want to do is you want to go and actually incentivize people to make a purchase with you, so you letting give them some sort of bubbles. If you go ahead and create an account with me, I’m going to give you a free training, teach you how to either the software or something along those lines right. So that’s the first way that you guys can promote this for free. The second is how to blog posts right so how to blog post is okay, let’s go to the update center click funnels.
What is click funnels? It says everything you need to market, sell and deliver your product and service online. So what are the type of people who wouldn’t need this type of product people who are trying to sell products online? So what you can do is you can go ahead and create content teaching people on your blog, how to sell products online and say if you want to make it way easier check out this software and they’re going to go to actually redirect them to your affiliate Link then they’re going to better actually do software because it’s going to help them sell products online and you’re, going to get paid recurring commissions and step.
Number three is how to articles on YouTube. So what you’re going to do is you’re going to go ahead and actually go on YouTube. I’m going to show you guys if I look at my blog and I type in click files right. I have 11 articles so guys I promoted this for free. I have 11 articles with the keyword cook funnels in it, so for an example: how to make money with click funnels for free, that’s a how-to article right, so somebody who’s looking to make money with click funnels will find this product or scuse me find this article.
Once they find this article they’re going to go ahead and then actually sign up through my affiliate link and I’m going to get paid residual Commission’s another one is how to create a sales funnel. So I’m teaching people how to actually use the software now guys. Out of my eleven articles, they total 26 thousand views, so all’s I did was literally create content of how-to articles, basically showing people how to use this product and what they do is after I teach them how to use the product.
I basically give them access to my affiliate link and when they get access. My affiliate link right 26 thousand views 11 pieces of content, only 4 hours invested so guys, literally with only 4 hours worth of work right. Four hours with the concept, with four hours worth of work, I made seventeen thousand eight hundred and ninety two dollars and seventy seven cents. That is insane so with that being said guys anybody can do this.
All you have to do is click. The first thing in the description, and once you click the first thing in the description you create an account once you’ve created, account, you’re, going to go and go to the affiliate or the dashboard you’re going to set up an affiliate, an account once you set up The affiliate account you’re going to shop products. What I’ll recommend is simply just promoting the software, how to articles and review articles and blog posts right so teaching people how to use the software teaching people? How to excuse me writing your own review, your opinion on it.
Redirect from that traffic to your affiliate link and collecting passive income, if you guys, like that article go ahead and give me a thumbs, hit that subscribe button hit that notifications about to join the family. Well make sure you hit that damn like button, because it really does help if you guys want to know more ways to actually make money online design to be a article that pops up right here.
I appreciate you guys take action on the links down below. As always Eric Ellis jr. Checking out, I will see you on the next article.
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