Jackson Vizzo's video: How To Make Passive Income Online - 8 PASSIVE INCOME IDEAS
@How To Make Passive Income Online - 8 PASSIVE INCOME IDEAS
Hi there! In this video I talk about how to make passive income online while giving you 8 great ideas you can do from anywhere. Many people don’t truly understand the concept of passive income so hopefully these different methods will help some of you achieve your dreams of multiple income streams.
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Here’s 8 methods to earn passive income online:
Starting a youtube channel is an amazing way to earn passive income online however it is also one of the hardest since it takes lots of dedication and motivation. The great part is that once you upload videos they can earn you money for months and even years if they keep bringing in the views. Additionally if you have affiliate links connected to those videos then they can add additional passive income.
Starting a blog is definitely a great way to connect with people and build trust through quality and free content. Additionally it can be a very lucrative passive income source when you include ads and affiliate links within the articles as the article can keep bringing in the clicks without any further work.
Starting an online course can be one of the best ways to earn truly passive income. A lot of upfront work is required however after that it can be completely passive without having to make constant changes to the material… Platforms like Teachable and Udemy make selling a course much easier however it is up to you to make the course stand out and teach your skills to others as efficiently as possible.
Creating a digital product like an ebook that can be created once and make money for you several times over is a goldmine for passive income. Much like a course the digital product can be created once and sold forever. Make sure it is niche specific and something you are very knowledgeable and passionate about..
Selling print on demand products like shirts, hats, and canvas is also a great passive income idea. All you have to do is create the design, and when someone buys it, Teespring, Printify or Printfull deals with the fulfillment and ships it to the customer. You do not pay for the products to be made until someone buys it so it ensures you will make a profit off each sale. The hard part can be the marketing aspect but if you already have a following it will make this process much easier.
Buying dividend stocks like Apple, Pepsi and Mcdonalds that pay out every 3 months is an awesome way to make passive income as it literally requires no work other than buying the stock. Also if you choose to reinvest those dividends it will lead to even more income and compounding interest.
If you own a house but do not need/use the full property, you can rent out different rooms through AirBnB or independently and make considerable passive income. Also this can lead to what they call house hacking where your rental income becomes large enough that it allows you to live there for free.
Affiliate Marketing is one of the best ways to make passive income as you do not need to create any products but rather promote someone else's product and when they get a sale you get a commission. There are millions of affiliate programs, for example Amazon, Clickbank, Share A Sale are great affiliate marketplaces. Affiliate marketing is done best when it is paired with a content sharing platform like Youtube, Instagram, Facebook, Pinterest and more...
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In this video, I discuss:
**THIS VIDEO AND NONE OF MY VIDEOS ARE FINANCIAL ADVICE, IT IS JUST MY OPINION. I AM NOT AN EXPERT! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS!**
Jackson Vizzo's video: How To Make Passive Income Online - 8 PASSIVE INCOME IDEAS
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