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If we tune in to the likes of Youtube we hear so much about passive income and how it could change your life but most of the Ideas require money to get started and there is always a risk factor involved.
When you think about Passive Income the thing that comes to mind is investing money to gain profits.
This, fortunately in 2020 Is not always the case, we can now make passive income without investing money, however we will have to invest something else, our time and effort.
Let's get started with the list of the passive income ideas and see what passive income actually is?
Passive income is earnings made from a rental property, affiliate partnership, Online business or other source in which a person is not actively working to obtain the funds.
In simple words passive income is something that generates money For you even if you stop working or work for only a few hours a week.
Sure we'd all love to live a life like that?
Who wouldn't enjoy Travelling the world with a laptop, log in from anywhere and have “A laptop Lifestyle” working just an hour a day.
Building a passive income stream can and probably will take a lot of work in the beginning. Growing your business is like growing a tree, we have to first plant a seed, make sure it is in good soil to grow healthy roots, water it regularly to have a good crop in the future.
If nurtured correctly our business could become profitable enough to allow us to quit any full time employment by paying us better than our job. It is always a good idea to advise people that work full time to start something on the side to bring in extra cash in case of emergencies similar to that which we have all just experienced, COVID-19. It has become apparent that one income source is never enough.
Learning to make a Passive Income is also a good thing to teach your Children while they are Young, it is a life lesson that is very important and isn't taught anywhere at School.
Affiliate Marketing is where you sign up with a Company, get a unique link and start selling someone else’s product for a commission.
The commissions that you get paid can be anywhere from 5% to 75% per product you sell. The important thing is to look for products that have a monthly subscription these are by far the best.
If you manage to sign someone up on a monthly or yearly membership program you will get a commission every time the person renews their subscription.
A couple of the famous affiliate marketing sites are Amazon and Warrior Plus.
Take a look around in Amazon by clicking on this advert ;)
One of the Best features from Amazon is that, should a person visit your link and not purchase, but buys something else within 24 hours you will get the commission for that product or products.
If the customer buys your recommended product, plus other items, you will receive commission on the entire products that were bought.
There is a downside to amazon affiliates and that is their commission rate is very low, and is from 5% to 15% which isn’t the best, but better than nothing.
A third affiliate marketplace is Clickbank who only deal with digital products like eBooks, Video courses and such like, their commission rates are much better at around 50% to 75% depending on which products you promote.
With Affiliate Marketing much will depend on your research and how you promote the Products. In order to start making a mailing list I recommend that you open an account at Get Response to store and do further emailings and Udimi to Purchase Traffic to get your sales... it can be done with Free Traffic Sources but is time consuming when you start.
To start Blogging I highly recommend that you sign up to Markethive which is a Social Media Site for Entrereneurs. This is a great place to start and has a blog creator within the site for free, which can be broadcast to other Social Media Sites at the click of a button.
Writing Blogs can become very profitable over time as you add links and advertising into your content.
Choose a niche and start writing, if you're not sure about what, Fitness, Well-Being and Health, Weightloss, Finance and Crypto, Travel and Sport tend to be some of the most popular Subjects. Make your posts regularly and encourage people to sign up so that you have a Regular Audience.
Starting your Blog is a very simple process if you use Markethive, you don't need a domain name or hosting and you actually get paid in MHV Crypto to write them. It is a really easy task compared to using for example Wordpress. You can start writing blog posts within 10 minutes of joining Markethive.
If you choose the Wordpress way you will need is a Domain name and Hosting. Wordpress is also a very powerful Blogging Platform and they do have Free accounts for use. There is a selection of templates with different themes and plugins to get you under way.
Starting a blog could cost you close to 60 dollars including the domain name, hosting charges vary from site to site, so please do some research.
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YouTube if you don't have a Channel yet is very easy to set up, especially if you already have a Gmail Account.
You can start a Youtube Channel on any subject that interests you, but, it needs to be something interesting in order to get an audience and people to subscribe to your Channel. In order to make money from Youtube you first need over 200 Subscibers and 1000 hours of viewing time, you can then request for the Advertising links for your Channel and in the Description of the video you can add some affiliate links.
To make money using ads you need a lot of traffic, which depends on the niche you are in, if you use the Adsense program provided by Google themselves. Adsense pays you a few cents or dollars every time someone clicks on any ad shown during your video and also pays you by impression, for example, you would get 1 dollar for every 1000 or so views along with the ad click money.
If you don’t want to use Google Adsense to monetize your youtube videos you could also use sponsored ads where you get paid by a company to promote their products in your videos. Doing sponsored ads will get you a Fixed paymeny but if you use Adsense you will continue to make money as long as your videos are getting views.
You can also make money with affiliate marketing with the help of youtube videos. Make a review video about a product and link the exact product into the description with your affiliate link and if someone buys the product through your link you will get the commission.
Teespring is a fantastic company who help you put any design on a t-shirt, then they will even deliver your designed t-shirt to you if you want it.
They also have a feature where you can even sell your t-shirts and make a profit.
All you have to do is to design some attractive t-shirts and attract people to buy them.
Design t-shirts for hobbies, sports clubs or places that people are interested in, post pictures online with a link to your products and wait for the sales.
These is a production cost for the T-shirts on teespring so ensure you advertise the product at the correct price, including a profit for you, on the plus side all the shipping and handling will be managed by teespring so all you have to do is the marketing.
Ebooks are a an amazing source of passive income. You have to write the book once and sell it over and over again to make money.
The Author makes it complicated by thinking that you have to be an expert to write a book.
The only thing you need to write an e-book, is a skill that becomes easier once you know the basics of how it's done.
Writing an E-Book is very similar to writing a Blog Post, only you use a slightly different software. Start by making some notes on a notepad of what you think your book should contain. Find some pictures that correspond with the subject. Then start writing, make it a 10-20 page Ebook and sell it on amazon kindle for a reasonable price, remember that amazon will take a commission for each one you sell.
Once you get good at writing, List your e-book on Clickbank Marketplace for a 50%-60% commission rate and let the affiliates make sales for you as well as a listing on amazon kindle.
Find a Niche that people are interested in and use this in conjunction with your YouTube Channel and E-Books.
People are attracted more to videos because it is easier to watch than to read, because of that most video courses are sold at a much higher value than the ebooks so you could Make good money selling your product.
There are still many people who are camera shy and think that you have to show your face in the videos, its not the case especially if your are creating something related to computers, software, digital products or crypto for examples.
It is easy these days to learn how to do almost anything by searching online, so you can easily get information on the best ways to do this by watching others.
What are you good at ?? Think about this, make a plan, follow the steps during your Videos. There are plenty of people who want to learn a new talent or job right now, especially while they are stuck at home for the Pandemic. Once you have your plan and some practice at making the Videos, you can make a video course and sell it.
Once you have your Course, list it on clickbank and let the affiliates do the work of selling it for you. For the affiliates to pick your course over the others it needs to have two things good value and a high commission rate.
If you are a professional photographer or even owns a good camera you can make good money by selling your photos.
Stock photograph websites like shutterstock and getty images need more and more good quality photographs added to their collection and they pay you around 30% of whatever your images make.
This is a very good passive income stream because just like other streams you only have to click the photographs once and then send it to these companies, they will sell it for you but only if its good enough.
Taking some nice images with your phone is easy as most of the latest smart phones are equipped with a good camera. Most people have their smartphones with them all day every day so this is an easy way for you to make money.
Before you head out clicking images you need to do a little research on what types of images are actually selling and snap accordingly. Most of the stock images are bought by businesses so keep that in mind.
It's time to Start Growing your Own Salads Hydroponically at Home...
Click the Picture to find out How :)
Webtalk is a new social media platform, still in Beta Testing, but pays you in USD a little every day just for being Social, basically doing what you are already doing on a daily basis.
It is Free to join, set up your Profile to 100% (add you Facebook, Twitter and Linkedin if you have them) and then Confirm the Rewards Enrolment so that you start getting paid.
You make money on Webtalk by posting on your profile, by having other people like and sharing your posts and by liking, sharing and commenting on other peoples posts. The more you interact, the more you will make.
Keep your posts interesting and shareable, and also add posts with your affiliate links included... you can also add your affiliate links on the Profile Page. Invite Family and Friends because you also make money from their posts too, providing that they are all on the Rewards.
There is also an Upgrade available to Webtalk, and you get paid if one of your Invited friends makes the Upgrade. This allows you to message all members of your social Circle, and removes the adverts from your newsfeed. Perhaps the most important thing is, is that you get paid for your friends posts... 5 Levels Deep.... amazing.
if you have added in your other Social links, you can post to them at the exact same time as making your post on Webtalk... 4 Posts to 4 Sites at the same time and get paid for it.
Webtalk are committed to paying 50% of their Ad Revenue back to their Users which is how you get paid.
Facebook, Twitter and LinkedIn do not pay you for your Posts, so make them through Webtalk instead... your posts are there, your friends still see them, but you make money.
Coming to Webtalk soon, their App and a Travel Agency which you also make commissions from, Group Pages, Employment Agency and much more.
Building an App might seem difficult but its really not that hard if you use tools like power apps and outsystem 10.
You could also hire someone if you want to make an App and you aren't Tech Savvy.
Once You have built the app have adsense ads included, this will make you money as people use it. Obviously some research or knowledge of the Subject is important.
Using ads is just one way to make money, you can also start a monthly subscription or put a value in the app store for the people to buy it.
Instagram is now trendy even more so since it became a part of Facebook. More and more people are getting onto Instagram as it is very easy to upload photos and stories directly from Mobile Devices.
Businesses are often looking for influencers on Instagram who have a lot of followers and pay them to promote their brand, becoming Brand Ambassadors.
This is not entirely a passive income stream but it could really get you a lot more than just money such as free stays in 5 stars hotels or special discount on Flight bookings and many other things in return for a shoutout.
Building up an Instagram following does take time but can be really worthwhile, especially if you can start earning goodies or money for your shoutouts. But once you understand the algorithm of Instagram and the use of hashtags you can quickly scale to 100K or even a Million followers.
11. Markethive for Entrepreneurs
Markethive is now a fast growing Ecosystem for Entrepreneurs from across the Globe.
Markethive is built on the Blockchain and has its own Crypto Currency the MHV Token. The system is still in BETA Testing and is being improved daily, already rising towards the 2000s on Alexa. The system comes complete with Social Networking, Blog Facility, Storefront, Emailing, url shortened and Banner Advertising with much more to follow.
Very soon the MHV Wallet will become a Reality and those who are active Members will be able to use their MHV for transactions.
Use this Link to Markethive to join our fast Growing Community and receive your first MHV Tokens. From there, create your profile Page, put links to your Affiliate Programs and info about YOU, your Brand.
There are Video Tutorials included in the Site to teach you how to master this Incredible System.
Invite 3 People to join you using your own Link and use the site Daily to post, promote, interact and earn more MHV... please do not Spam other peoples posts with your offers, put them in your own posts on the network.
As people Tip your Posts you gain MHV, you gain MHV for almost every interaction, reading posts, posting on your own Wall, Responding to messages, Writing Blogs and evening tipping other peoples posts.
in Markethive own Words....
Markethive is recognized as the next phase having evolved from Social Networks. This is the next generation: Market Network. Built on the blockchain, it provides security, privacy to the entrepreneur; offers a fluid, collaborative culture that is a decentralized, autonomous environment which creates intellectual achievements, social habits, innovation, music, literature, technology, and commerce.
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i hope you will find this information helpful, and please comment below if you have other Ideas.
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