6 Passive Income Ideas Revealed

so making passive income online is without a doubt my favorite way to make money because once you put in the work up front and get everything set up it can continue to make you money over and over again without really doing any extra work so for example I'm here inside my PayPal account and you'll be able to see these payments that I'm receiving every single day from my various online businesses so here's one payment for a little over $2,000 here's another one for $1,600 we have one here for almost $1,200 $2,000 another one for $1900 so all these are coming in on a regular basis from my online passive income sources so I thought it would be helpful for you to reveal my top six passive income streams so you can make money even while you sleep if you're

interested in passive income then you may have heard of Tim Ferris before he's the creator of the book The 4H hour work week well among other things Tim sends out a newsletter every single Friday called five bullet Friday and inside of this he shares the five coolest things that he found that week and that brings me to the first passive income idea I have for you which are email newsletters now these are a great way to share information with your community provide value and eventually for you to make money as well I have an email newsletter myself where I share lots of information about how to get started with a Drop Shipping business every week I try to update subscribers on what they need to know about to build a success UC F Drop Shipping Store and I'm able to monetize that newsletter through sponsorships and through some of the other passive income ideas I'm going to be sharing with you in this video now at first I suggest you write each newsletter Edition yourself so you can develop your own personal style and voice but eventually you'll be able to use AI like chat GPT to help you come up with ideas write articles and even to write your newsletters for you a good place to get started with this is using a service called MailChimp which has some pretty cheap plans if you're looking to get started with sending out email newsletters the second passive

income idea I want to talk about today is starting a YouTube channel now obviously it can take a lot of work but there is a much more passive way of doing it and that's by creating a faceless YouTube channel there are tons of channels out there making a lot of money without ever showing anyone's face so for instance there are these animation channels where people just upload these animations and because of that you never actually see anyone's face so once you get something like this started you can Outsource it and you're able to do that because you're not tied to the videos it's not like you have to show your face and actually be the one creating the videos another example of this are unboxing videos this Channel all they do is unbox different products while wearing these white gloves and you never see anyone's face with this and this is the last example although there are countless other examples this channel produces horror stories and they just put together stock footage that they get from different websites so they never actually have to show their face for this all it takes to do this is some creativity and some basic editing software like iMovie which comes free on Max and you can have a channel like this up and running in less than a weekend eventually though you're going to want to go onto a website like Fiverr where you can hire script writers video editors and thumbnail designers and then you'll be able to Outsource all of the actual creation of the videos without actually having to do anything yourself now what makes this so passive is that once you create and upload these videos they'll continue to get you views months and even years into the future and of course you'll get paid by YouTube for the views itself but you can also make money from sponsorships and from affiliate marketing the third passive

income idea I want to talk about is the one that I have the most experience with in fact combined my students and I have done eight figures worth of sales with this and it's called eBay Drop Shipping so eBay Drop Shipping is where a seller lists products onto eBay without actually owning the inventory instead after the item sells on eBay we then buy it from a third-party supplier or retailer who will ship it directly to the buyers for us so we're basically acting as a middleman and we earn profit by selling the items for more money than we buy them for and because you're not going to buy any inventory up front you don't really need any money to start this and you can do this from anywhere in the world so let me show you an example of how this works so here's a seller on eBay selling this bookshelf for $59. 88 take a look at the photos here now if I were to actually buy this from this seller on eBay all they're going to do is turn around and buy the exact same item for less money on Walmart and when they check out on Walmart they're going to enter in my address as the shipping address that way Walmart will ship it directly to me and the seller on eBay never ever has to touch or handle the product at all what's really cool about this is that we have software that actually automates a lot of this for us this is a software that I use and one of the things it does is it actually lists products for me so if I go ahead and click add a product I can come back to Walmart go ahead and copy down this URL and actually paste it into this software and this will now let me edit it if I want to make any changes like change up the title or maybe change the price although it does a lot of this for me automatically you can see it brings in the images different colors it brings in the description it actually raises the price for me automatically as well so I actually make a profit on this so assuming I'm happy with everything I can click save and import and then I would have a listing on eBay that looks exactly like this you can even set up this software so that once an order comes in it will actually automatically order the item from Walmart and other retailers for you so you never even H actually have to fulfill the orders yourself and if this price changes on Walmart or the item goes out of stock that will be reflected in your eBay account as well so you see once you kind of get the items into your store a lot of it's passive after that lot of it's kind of taken care of for you and if there's any other gaps in there of different things that aren't done by the software we hire virtual assistant to actually do that for us for just a few dollars an hour which really makes this a passive form of income next up is a

way to make money by monetizing your expertise and that's by selling digital products this can be everything from selling downloadable PDF guides all the way to online courses the truth is there are people out there that want to learn and if you're an expert in something or at least know more than the person that's that wants to learn you can make money by sharing your knowledge so for example this is a influencer I follow named Thiago Forte he has a YouTube channel he wrote a book he's really big in the space of productivity and organization of ideas and he created a whole course called building a second brain which basically teaches you how to build an organization system so this seems like a very simple concept yet he's been able to build a course around it that people do join and that he makes money off of I myself have a couple of online courses I have one that teaches people how to drop ship on the eBay another onto Facebook Marketplace so this has been a great way for me to share my knowledge with people in a very organized fashion that really provides a lot of value to people if you're ready to dive into this yourself and build your own digital products you first want to pinpoint what your expertise is this could be anything could be coding cooking gardening really anything whatever it is that you love to do and love to learn about yourself there are going to be people out there that are just as hungry to learn about it as you are excited to teach about it then you can use platforms like teachable or you to me to easily create digital courses so you can share that knowledge and the best part is once your digital product is live people can continue to buy it

247 the next passive income idea I have for you is to create software and this works even if you don't know how to code generally one of the keys to making money is to be able to fix a problem that exists for people so for example the Drop Shipping software I showed you before autods it saw a problem and they fixed it people needed a way to be able to track their dropshipping items to keep up with price changes to automatically fulfill orders and now this software does that for you but this is obviously a very robust piece of software you don't need to be this big to make passive income with software so for example a few years ago I started Drop Shipping on the Facebook Marketplace and at that time there was no way to copy a product from Walmart or Amazon and paste it into a new listing on Facebook Marketplace so I hired someone to create a Chrome extension for me that could do that then once I started using it and saw how useful it was I began to offer it as a service and now people pay me every single month to use this Chrome extension and I paid someone else to develop it and anytime it needs an update I just pay that person to actually update it for me so I saw a problem I fixed it and now I get paid for it and the last way I make

passive income online is with affiliate marketing now a lot of people believe that affiliate marketing is dead and doesn't really work anymore but that's just because they're doing it the old way that doesn't work anymore there is a new way to do affiliate marketing that does work and it really comes down to authenticity if you're not familiar with it affiliate marketing is when you get paid to refer people to products that you recommend so for example let's say you tell a friend that you just bought a new pair of headphones and you absolutely love them and your friend says oh I want to buy those can you show me where you got them from well you can send them an affiliate link to that product and if they click through that link and actually buy it you'll get a small commission so the easiest way to get started with this is with Amazon Associates so this is where you can sign up for it it's am sorry affiliate-program amazon. com and what this allows you to do once you sign up is you can put in any product from Amazon on into this and it will turn that into an affiliate link then you can share that affiliate link with people on Facebook on Instagram on Tik Tok on Facebook basically anywhere where you connect with people and the key with this is really authenticity you want to be honest with people tell them hey I love this product or like this product but I saw some issues with it people really appreciate that honesty and that insight into the product and they're more likely actually click through and actually buy that product when you are authentic and honest about it now there are as I said plenty of ways to get your affiliate links out there if you started an email newsletter or YouTube channel like I already talked about then you can spread your links that way or you could even go on to like Reddit and answer people's questions about the products you have and then provide links to it saying hey if you found this answer helpful and you want to use my affiliate link go ahead and use this link the best part is that you only need to post these links once get them in the right place and if you provide useful value for people they'll continue to click on it over and over again earning you truly passive income so there you go those are just six of the ways that I earn money online with passive income and online businesses obviously there's so many different ways that you can be successful with making money online so what I really encourage you to do is give some of these a try this could be the year when you really turn your life around and begin to actually make money on the side that may eventually be able to surpass your full-time income and if you want to learn about some other ways to make money online that I didn't have time to cover in this video that specifically you can start with just 0 then make sure to click this video right here and I'll see you there in just one second