passive income is it possible to make
money while you sleep well your boss
probably makes passive income from your
hard work while he sleeps so that
answers that question but what we're
going to be talking about in this video
is how can you make passive income while
you sleep whether it be a lot of money
or a little bit of money we're going to
go through seven passive income streams
and dive into them and explain how you
can make money with these passive income
streams but before we do that we need to
understand passive income now there
seems to be some kind of misconception
that passive income is money that just
falls out of the sky and essentially it
eventually does you work hard you build
up something now and then in the few
months later or in the future the money
does literally fall out of the sky were
you sleeping you make money but you need
to build something you need to buy into
something you need to do something to
create that passive income stream first
so that's why I'm doing this video to
explain seven passive income streams to
help you understand some methods you can
use to make passive income and make sure
you watch this video to the end because
I'm going to show you some passive
income streams that you probably haven't
even heard about before once you
actually master passive income and you
get their first taste of passive income
it becomes much easy to understand it
becomes easier to create more income
streams and you will get addicted to
passive income that's a bit of a warning
guys that passive income can become
addictive so if you love passive income
you want to learn more about passive
income
smash that like button and let's move on
to the seven passive income streams now
number one guys is one you've probably
never heard of and this is a very
passive income stream in fact this is
just pure passive once you get it going
and this is called domain leasing now
online there is real estate called
domains so websites like Franklin
Hatchett calm eco elites calm affiliate
marketing calm you can go to a website
called just dropped calm and you can
purchase unique rare domain names for a
cheap price now usually you would go out
and resell these domain names now that
wouldn't be passive because you would be
acquiring the domain name and you'll be
putting working to resell the domain
name that requires work that's not
passive however if you go to venture com
you can
actually lease these domain names for up
to five thousand dollars per month now
I'm not saying you're gonna get five
thousand dollars per month for your
particular domain but that's how passive
it is you can buy a domain now and you
can go and lease that domain for money
that's it is pure passive because it's
real estate that's just sitting there
online you don't have to do any work and
venture com do all the work for you and
on top of that domain names usually go
up in value if you have a real one and
some domain names can sell for hundreds
and thousands of dollars if not even
multiple millions of dollars so anything
to do if domain names can make you a lot
of money but you want to make money
passively then I highly recommend
looking into leasing out domain names to
companies so I wanted to go and buy
affiliate marketing comm and found out
that they were leasing it on venture
coms there's a lot of money to be made
in domain leasing no number two guys is
one that I'm heavily involved in and
this is blogging now the reason I like
blogging guys is because there's lots of
ways to monetize your blog you can do
affiliate marketing you can do ads you
can do all sorts of stuff you can give
away a pretty book and sell something
can the email marketing back in you can
build an email marketing list which
becomes very passive as well
but the thing about blogging is people
think it's hard how do I get traffic
it's simple create a blog in a
particular niche and just keep blogging
but that's the problem a lot of people
stop and they give up because they're
not getting traffic if you keep blogging
people will eventually see your stuff
they'll link back to you it'll push your
blog up in the rankings and you'll start
to get traffic I own multiple blows guys
one of my blogs is called online
Gamescom and I make a seven-figure
income from this particular blog from
affiliate marketing building up an email
list
it is extremely profitable to go out and
start a blog and it's one of the best
beginner ways to make passive income on
line now of course it does take a while
to build up but for example a blog
called smart passive income com started
with nothing just a blank website and
they've made over three million dollars
in affiliate commissions and you can go
to their website and see their income
reports and see that passive income is
real with this particular myth number
three guys is one of my favorites and
there's something you probably are gonna
be like this is where does this
real disease actually happen credit-card
points yes credit card points now when
you associate credit cards of anything
people assume debt interest bad idea
having a credit card is one of the best
things they've identified I have
multiple credit cards because I use
those credit cards to run advertising
buy stuff for my business and
essentially I trying to spend as much
money as I can however I'm in control as
long as they pay back that money before
the payment dates come I pay zero
interest but I get free air points I get
free cash back rewards I literally can
travel around the world for the rest of
my life with all the points I have
accumulated I have thousands upon
thousands of air points from going out
and spending money on ads on my business
money that I was going to actually spend
anyway so I'm getting these cash backs
I'm getting these points I'm flying
around the world for free just got back
from Fiji
Big Ben Australia a few times this year
and was all 100% free so I class that as
passive income so if you're spending
money in life on basically anything I
highly recommend you go and look at a
credit card that has air points or you
know some sort of flight points or cash
back rewards because it's essentially
free money and you don't need to spend a
lot of money to actually get these
points or these cash back rewards either
it's cool to be able to log into your
credit card account and have all these
points that you can use to fly places
hotels you can trade them in for rewards
will the one that I use you can so I can
trade all these points in for cash and
buy things we can I think we bought a
toaster on our one but we've got all
these cash back rewards guys and all
these air points that we can use just
from using credit cards that most people
do everyday anyway but what most people
don't do is they don't pay back the
money in time so they get charged
interest I've never been charged any
interest on my credit cards because they
always pay them back so the air points
the cash back rewards these are all free
now number four guides is also a
favorite of mine and I'm doing this
right now as well and that is YouTube ad
revenue now you might be thinking but I
need a big channel to make a lot of
money that's not necessarily true it
depends on the niche you're in
I recently did a video explaining that
my youtube channel this one that you're
on right now
makes up to ten thousand dollars per
month and a lot of people were like oh
that's not true that's not real blah
blah right well it actually
is true because this YouTube channel is
in a high CPM niche I get a high CPM for
my eggs what that means is basically
people are willing to pay a lot more
money to run ads on this channel because
this channels in a nation that's very
profitable so yes you can make good ad
revenue from small YouTube channels you
don't need a big YouTube channel
depending on the niche you're in so
obviously that's a really important
factor but YouTube ads guys is a very
good way to make passive income I have
videos that I posted over two years ago
and they make me money every single day
some of them are making me a hundred
dollars a month 200 dollars a month
fifty dollars a month but on average I
can't give out specific details but on
average this channel makes around about
250 to 300 dollars per day sometimes
more when I have a good month and I have
one video it's making over two and a
half thousand dollars per month so
YouTube ad revenue is an insanely
passive income stream that anybody can
start we all start at zero subscribers
so go and build out a youtube channel
guys and go and make passive income that
way because it's an extremely profitable
way to make passive income and that
lasts for a super long time put in the
hard work now reap the rewards later now
another great passive income stream that
you might not have heard of you might
have heard of it you might not have it
as peer-to-peer lending basically you're
going to be a bank
so there's applications websites you can
go on now well you can lend money to
people and you get an interest rate in
return and you might think one I maybe
only tens and thousands of dollars to do
this you can do small amounts $100 $200
$300 and you were essentially a bank and
people will lend money from you via an
application or a website and they'll
probably take a little bit of a fee of
course for their services but you get an
interest in return so it's kind of
flipping around the other way normally
you're paying the banks and interests
and stuff you can actually lend money to
people and get interest in return now I
know a few where I am I think
hours range from like 6 percent to 28
percent per year and interest obviously
it goes by ratings so if the loan is
unsecured then I think it's a higher
rating or maybe it's rather other way if
it's a secured one it's a lot less
interest it really just depends and also
depend on the person's credit history
how the interest rates are played out
but we have one that's around about six
percent to over twenty nine percent per
year interest rate on these particular
loans and we can lend up to a seventy
thousand dollars to these particular
people but you can do small amounts as
well so this is peer-to-peer lending and
it's really passive if you have some
spare cash laying around that you wanted
us basically lend out to these people
and you will get interest every single I
don't know when they pay they might pay
every month or every I think our one
pays every month or maybe once every
couple of months but you get money and
return from lending out the cash and you
get the cash back eventually and you had
get the interest from that cash so it's
not going to be a lot of money if you're
lending out $100 $200 $300 at a time but
it's still income they didn't have
before and it's passive you don't do any
work you simply push some buttons you
lend out the money and then you get
money in return I mean how passive is
that that is the most passive of passive
you can get that guys is number five and
that is peer-to-peer lending now number
six is one of my favorites and anyone
can do this as well and that is starting
a online course jump into something
you're good at or maybe you are good at
like piano painting or anything today
you can do a course in any particular
nation but I'm going to take a little
bit of a secret instead of studying a
course and going out there and trying to
get traffic when you have no authority
or you don't really know what to do go
to a website court udemy.com the reason
you want to go to udemy calm is because
they actually do the work for you you
create the course you upload the course
and the particular category and they
send the traffic so they have thousands
of people come in to their website per
day and although they do take quite a
bit of a cut and it's not as lucrative
as having your own course and doing your
own launch and building your own traffic
it is a very good passive income stream
I uploaded a course just recently about
three weeks ago it's already made around
about four hundred dollars passive
income I haven't done any particular
work they've ranked it for me they've
got the traffic and it's making passive
income now if you want to know how much
money can be made from courses I myself
have done millions of dollars online
with courses got awards for it it is a
very lucrative industry to be in
so and you can do it at any niche guys
I've worked with people and the fitness
nation I've worked with people in the
cooking niche I'm in the make money
online
the YouTube niche there is niches
everywhere and there's people in those
niches willing to learn from people like
you who can teach them how to actually
do that particular thing now with the
course obviously is a little bit of hard
work so first got to build the course if
you do the videos all that sort of stuff
shouldn't take you long a couple of
weeks roundabouts usually takes me to do
a course shouldn't take you long do the
landing pages and stuff get all the
course information ready but once you
start getting sales and you scale it or
you put it on you to me it is passive it
becomes passive as long as you're not
still doing too much work in the back
end
I don't class my core course earnings as
passive right now because I do still do
a lot of work in the back end but if I
slowed that work down guys that will be
pure passive income and if I stopped
doing it work in the back end then that
would of course be pure income number
seven guys is a great way to make some
money however you need to do it right
and you need to understand it correctly
and that is real estate now the one
number one problem I see with people
trying to get into real estate I'm in
real estate myself so I have a lot of
experience as they try to go for what we
call capital gains so they want to buy a
house for say three hundred thousand and
then in a couple of years time sell it
for four hundred thousand and make a
hundred thousand dollar profit that's
what we call capital gains but we can't
control the market so we didn't know if
the price didn't go up or down so what I
recommend you do is you go out and
purchase property and you rent it out
and you try and get a positive cash flow
now when you get the rent every week or
every month you put that back onto the
mortgage and you're paying the mortgage
and the interest and it goes down and
down and down and every time you do
those payments more money is coming back
into your pocket and it becomes more
passive so buying property and renting
it out is a better way than just buying
property and hope it goes up in value
plus if it goes up in value as well then
it's a bit of a bonus but what I
recommend you do is go and learn how to
understand negative and positive cash
flow understand how that works
understand how you can kind of get into
this to take advantage of this yourself
and you'll start to understand real
estate quite a lot more now a bit of a
trek guys is something called house
hacking if you don't really have much
experience in real estate you don't have
much money what you can do is you can go
and buy maybe two units or 3 units and
the same block or the
same area and you can have one of those
units yourself you can live in one of
those units and you can rent out the
other two units or the other unit to
somebody else so you have a place to
live and you're renting out these other
units getting passive income in return
and like I say the more you pay back on
the mortgage and the interest rates
which you'll be doing every week or
every month the more that their personal
debt comes down that mortgage comes down
the more passive income you get so it
grows and grows and grows that income
just grows and grows and grows now it's
not all going to be profit because
obviously you're paying back to this
mortgage but eventually one day you'll
pay it off and then it'll be a profit
and it'll be passive if you keep those
people in there renting out their
property of property the real estate is
a pretty old-school way of investing
there are a lot of people that have made
a lot of money however people seem to
think that now because real estate's
quite expensive you still can't get into
it you can real estate investing is
still a very viable way to make passive
income you just need to know where to
look what cities to look in and what
kind of cities are going to get you the
best positive cash flow and return for
your investment now if you do want to
learn some more passive income ideas and
how to actually make money online with
one of my favorite income streams and
that is affiliate marketing I'm going to
leave some videos up on the screen so
you can go and check that out I'll leave
a video on affiliate marketing and I'll
actually leave a playlist where you can
go through and watch for free an entire
playlist on how to make money with
affiliate marketing my favorite passive
income stream and don't forget to
subscribe
tap that notification bell and smash
that like button see you know my next
video gets released and I'll see on the
next video
#Best Education Page #Online Earning
online earning,make money online, earn money online, online earning, online earning sites,
make money online free, online money income, earn money online free, money online, best way to earn money online, online income site, money earning websites, best online earning sites, easiest way to earn money online, earn money payment bkash, online money income site
Posts
No comments:
Post a Comment