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Passive income has always been my fallback when it comes to sustaining my lifestyle. In this video I’m going over 16 passive income ideas, some which I’m using myself and some that I’ve pondered building. I’ll also show passive income strategies that friends are utilising today.
PASSIVE INCOME IDEAS – 16 ways to automate your income($1000+/ month):
So I’m going to break these things into a few categories. Passive income by let’s call it hustle and passive income by investment. The first category is for you if you don’t have a lot of money laying around and want to create a stream of income out of very little investment. The second category is for people who have more money than time and want to build passive income.
WHAT IS PASSIVE INCOME?
I consider income passive if you can spend 0 hours on the income stream for at least 3 months and everything is still fine and stable, preferably longer. You can achieve this by having systems or people in place that take care of every detail for you. You can make a lot of things passive this way. If you’re looking for idea’s with proof about what kind of company you should build that could be made passive, stick around for #14.
Let’s get into the list. How to build passive income and automate your income?
1) SaaS Affiliate marketing 01:40
Recomend software you are already using to people in your field and get a monthly recurring kickback. For example SEranking:
Get the best ranktracker: https://seranking.com/?ga=195609
2) Educational affiliate marketing 04:06
A lot of online courses and online learning places have affiliate programs. Promote courses that you like, for example Teachable:
3) Product affiliate marketing 05:56
Promote products other people have made, for example trough Clickbank: https://www.clickbank.com/affiliate-network/
Or trough Clickfunnels: https://clickfunnels.com/?cf_affiliate_id=1727516&affiliate_id=1727516
4) Selling services 08:03
Create a website for a particular service, make sure you get traffic that converts coming to that website and you outsource all the work. For example graphic design.
5) Reputation management 10:26
Create a website offering clients that depend on reviews to up their ratings. Outsource the work and the sales and boom you’ve created passive income.
6) Freelancing but not really 13:17
Create a profile on freelancer marketplaces, get great reputation and authority by offering a cocktail of services that you outsource to different fiverr or upwork freelancers.
7) Amazon niche website 15:32
Build a website focussing on content around a specific niche, create product reviews, comparisons and link them to amazon (or another e-commerce player)
8) Create 3D assets 17:51
Create 3D assets and put them up for sale trough different marketplaces. Check out this lifewire article: https://www.lifewire.com/where-to-sell-your-3d-models-2066
9) Renting out online real estate 19:05
Rank a website locally or create online authority, rent out your website to local companies that are paying for that keyword.
10) Create stock photo or video 20:40
Licence and sell your digital assets, join shutterstock today and make passive income trough these sales: https://submit.shutterstock.com/?ref=233520575
11) Start a hosting company 21:41
Build your own server or get a reseller account with a bigger company. Check out this article: https://www.reliablesite.net/hosting-news/start-a-web-hosting-company/#.XONhsi-iGgQ
Sign up for bluehost and create a reseller account: https://www.bluehost.com/track/lukeslog/
12) Rent out your gear 22:31
Rent out your gear and have someone else handle the customers to make it passive! Check out https://gearbookers.com/
- PASSIVE INCOME BY INVESTMENT FROM HERE – – – –
13) Rent out your house/apartment 24:00
Make passive rental income! List your property trough my link and you won’t pay any commissions on the first 5 bookings. Booking com: https://join.booking.com/r/d/d9ede310?lang=nl&p=4
Or Airbnb: www.airbnb.nl/r/lukeslog
14) Buying a passive income website 25:15
There are two big marketplaces like this, the first one is called Empire Flippers, the second one is called Flippa:
15) Investing in dividend stock 27:11
Build up your passive income by investing in dividend stock.
16) Investing in peer to peer lending 28:00
Lend out your money to other businesses: https://fundingcircle.com/
Marketing software I use to grow my company:
Best + cheapest SEO rank tracker: https://seranking.com/?ga=195609
Build backlinks and rank your website easily: https://www.moneyrobot.com/Lukes_Log
Create super strong landing pages: https://leadpages.pxf.io/kk5mz
Amazing e-mail marketing + automation software: https://www.getresponse.com/?a=DJg3n3nWvn
Manage social media & grow it: https://www.socialpilot.co?fp_ref=lukeslog
Optimise your YouTube video’s for SEO: https://www.tubebuddy.com/lukeslog
Passive Income Ideas With Low Capital, PASSIVE INCOME IDEAS – 16 ways to automate your income($1000+/ month).
Things To Avoid To Prevent Issues In Your Business
Keeping a great capital of passive income is the essential to wealth. I actually have one of the concepts half way done. One is active income & the other is passive income.
The majority of companies pay dividends quarterly.
PASSIVE INCOME IDEAS – 16 ways to automate your income($1000+/ month), Enjoy new full videos related to Passive Income Ideas With Low Capital.
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You require to grow your inner self to accomplish this. That way I can stay entirely concentrated on the huge projects. Through passive income streams, people have gained a lot. That is comparable to setting passive income streams.
The concept of getting rich quickly has unsavory undertones, however to get rich quickly is no criminal offense providing you created that wealth within the law. Wealth creation has numerous aspects and can typically be complicated however it doesn’t have to be. To get rich quickly, you only require something. Take advantage of.
Paper. This is most likely the easiest of the passive income sources. By investing your cash effectively you can generate capital through the marketplace too. However it’s also the most riskiest. Paper investing like stocks, bonds and the like are very market delicate. Markets increase, markets go down, and markets go sideways. When the market goes bad, the problem with paper assets is that there’s very little or no security. When the market goes up and lose whatever coming down, they do well.
The web enables you to reach millions of people all over the world with the push of a button. This opens up big opportunities for you. Where to start however can be quite a difficulty. To begin with you ought to be searching for what works. Its simple to succumb to those products guaranteeing huge dollars in just a few days however I suggest beginning off in opportunities that teach the principles of building passive income streams online. Without a minimum of the principles under your belt, how can you expect to comprehend the more complex methods of creating passive income streams.
Among the very best methods you can make cash is through passive income. This income is income that you keep making while not straight impacting how much you work. There are numerous passive income ideas however these can take considerable effort to set up. A very basic example of passive income is purchasing a home and renting this house out. If you do not pay money for the house certainly you will be paying interest back to the bank, this can then make you some decent lease however. Another simple passive income concept is to compose the book and sell it.
A terrific example of this is where you have a subscription site charging a cost of say $10 each month to gain access to it. , if you have say 100 members you will get $1000 per month from the site.. Now you would still get $1000 each month regardless if you worked the following month or not, assuming that 100 members still subscribed that is.
Action # 4 – This is a really crucial action; however, you ought to constantly consider actioning in here when your website has currently begun generating decent traffic. The action is everything about monetizing the website. You can easily transform your visitors into money! Use Pay Per Click ad units, text link advertisements or banners. If your website is currently generating traffic from the search engines, you will be able to make a great quantity of cash from these sources.
You can utilize two basic modes of passive income; investments and organization. Investing cash into trustworthy investing lorries can be a fantastic way to make your cash work for you. However not everybody has a great deal of cash to invest. However creating passive income does not require to take a great deal of cash, or any at all. You can create a simple home or web based organization free of charge and establish trustworthy streams of automated income. For instance, you can begin a site or blog site and utilize it to host Google advertisements and promote affiliate products. A single site can be used for several income streams. And as you begin to have extra income, you can invest it into additional passive income sources like storage units, vending machines, and rental property.
Great deals of people have gotten on board the blogging bandwagon. So what make cash quick schemes should you prevent? With $500,000 in a 5% bearing account, you would make $25,000 a year in interest/from dividends.
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