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In this video, I cover the best ways you can start making passive income with your own website, youtube and multiple other methods.
Check out other videos on my channel on affiliate marketing, blogging, SEO, and how to make money online.
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Idea #1: 00:00
Idea #2: 01:18
Idea #3: 01:55
Idea #4: 03:25
Idea #5: 04:16
Idea #6: 05:12
Idea #7: 06:08
Here are my seven favorite ways to make Passive income so number one is to build A YouTube channel so it costs you Nothing to get started and you can use Your phone and start filming videos this Afternoon if you wanted to so the niches That make you the most money can be Digital marketing making money online Personal finance education Tech cars and Electronics lifestyle and fitness and Within These niches you can make Anywhere from five dollars up to twenty Dollars per thousand views and AD Revenue so at first this might not sound Like much but remember videos get Consistent views long after they're Created so for example let's say you Start making personal finance videos and Your CPM is fifteen dollars per thousand Views let's say you create two videos a Week for six months and you get your Channel to 10 000 views a day or 300 000 Views a month that is 150 a day you've Just made from your library of content Getting these daily views that comes up To forty five hundred dollars a month or Fifty four thousand dollars a year which Is about the average salary in the US The good old American life not too bad For making a few videos a week on one of Your favorite topics but here is the Secret you can make tons of money with a YouTube channel even without a whole lot Of subscribers and Views so what you do
Is you use your videos and drive people To Links in your video description and Then you get them to buy products so for Example my channel only gets around 380 000 views a month but it makes over two Hundred thousand dollars a month from Our blog growth engine coaching program Sure we make money without Revenue but We make 40 times that selling our own Product now number two on the list is to Make passive income investing in Properties so a lot of people diversify Their income by buying properties and Renting them out but if you don't have a Lot of money to invest this might seem Out Of Reach especially with housing Prices going so high even though you Don't have any money even though you got A credit problem even though you you Don't know what you're doing or maybe You have the money but you don't want The risk of a big mortgage so an Alternate way is to invest through a Real estate investment trust a real Estate investment trust is basically a Company that owns a portfolio of real Estate and you can get access to some of It by buying shares similar to buying Shares of in the stock market so what's Also great is that the owners of the Trust are obligated to pay out 90 of Their income to shareholders which is You as a dividend now my third way to Make passive income is my favorite and
That is affiliate marketing so I've made Tons of videos about this topic but Here's the gist of it so millions of People are searching the internet for Products every single day and this Number is only increasing they're also Shopping for things like clothes watches Furniture cars TVs Nicholas Cage pillows Taco sleeping bags night armor for dogs 1943 M4A1 Grizzly Sherman tanks with Continental built-in 975ci right Whirlwind 9-cylinder radial engines we Got a tank if you can think of it you Can probably buy it online now to make Passive income with affiliate marketing You need two things content and traffic Her attention so you can create content By either writing list post review Articles or making YouTube videos or Building up a big social media following Your one and only goal here is to become The middleman or woman between a search And a purchase so let's say you run a Website all about skiing so you want to Make sure when someone searches for Something like the best ski goggles they Find your article your content and then You list the products and they click on One of your affiliate links and when They make a purchase through your Affiliate link you get a commission on Every sale and when you can rank for Thousands of keywords this can add to a Huge number over time sometimes they say
Huge and the best way I know how to do This is through Google because organic Search traffic is reliable and Consistent month after month and with a Good keyword strategy then doing SEO the Right way you can create a passive Income printing machine Speaking of a money printer if you want To learn how I do all of this how I make 400 000 a month sign up for my free Masterclass below click that link at 60 Minutes of free training now the fourth Way on my list to generate passive Income is to buy index funds that pay You dividends now look before you invest Please know that I'm not a financial Advisor I'm not an expert in stocks I'm Just a guy on the internet right now Talking about passive income So in general people will talk about Buying individual stocks that pay the Highest dividends companies like Lowe's Johnson and Johnson are Target because They're profitable big companies they Pay out dividends to their shareholders Based on profits and while it's not a Terrible approach it takes way too much Time for me to think about a long time So I tend to focus on you know things Like dividend ETFs which is like buying A share of a bundle of companies that Offer dividend paying stocks so this way You're exposed to a bunch of different Companies at once so if one of them goes
Belly up you're not losing your entire Investment again I'm not telling you What to invest in but this is the way People have been earning passive income For years but it takes upfront Capital To do it so it's not the best option on This list but number five is one of my Favorites and that's generating passive Income through digital products now I Will never forget the very first PDF I Bought many many years ago I was so excited for it I paid 47 for it And it was very valuable it was about Five times the cost of a normal book but That made me think this person can sell A PDF forever and never have any Overhead how does that work I mean think About it the internet has fundamentally Changed information and how we buy it so The potential in this world of Information sales is practically Limitless so you could sell a forty Seven dollar ebook a 500 phone Consultation or even a full-on Mastermind program for 30 grand people Are out there doing it so for more and More creators on YouTube this is the way Things are going so you can even spend Time building up a paid community on a Platform like school like we do for the Blog growth engine Mastermind that gets People Real Results so yes it's going to Require some work but all passive income Is the result of consistent work you
Can't forget that now number six on my List is starting a subscription business So if you're an expert in something you Can likely create a lot of content Around that thing and if that thing is Valuable people will probably pay for it On a regular basis so for example I bet You have some streaming subscriptions so Netflix Hulu pair plus Discovery plus Whatever 10 years ago now you might have Laughed about paying a subscription for Like eight different streaming services But Here we are now the same thing goes For this Creator economy people in Marketing will publish monthly Newsletters only available to paid Subscribers now this business model has Grown so much that entire platforms are Basically developed to help creators Monetize Their audience so companies Like sub stack and beehive make it easy To publish your own exclusive content And charge whatever you want for it you Can also do this by creating exclusive Stuff like audio and video content and Putting it behind a paywall so many People create communities built around These similar interests and then they Charge a monthly fee to be a part of it So if you're good at what you do and you Want to share this with the world There's an audience out there somewhere Willing to pay you for it on a Consistent basis now the seventh way to
Build passive income is to create a Website that gets a lot of traffic and Then monetize it with ads so you've Probably seen this Everywhere You know Open up your favorite news site and You'll see ads all over the place and It's kind of a frustrating experience But it's because it's a good business Model this is about as passive as it Gets too because once you have a high Traffic website and you have a system in Place you get paid based on the amount Of views your ads it so for example on Adamandroid.com my blog I've written a Ton of informational articles about how To do stuff for example my article on Business ideas is purely informational About business ideas so it's not Monetized that well with affiliate links But since it gets a lot of traffic I've Put ads on this page and this way I'm Still generating ad revenue from an Asset I created years ago now if you're Interested in a 60 Minute free training On my personal favorite way to make Passive income click the link in the Description below and sign up for my Free masterclass