Are you looking or some passive income ideas? I have listed 7 simple ideas that you can do today to make money online and offline. These passive income methods are great for beginners!
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Have you ever thought about creating passive income online? or even offline using something like real estate? In this video I break down 7 opportunities you can do in 2020 that could create a nice little passive income stream for you.
#1 Selling information online is a great way to make money. This can become passive once everything is setup and in place. If you do want to sell information like creating a course then I recommend using a website called Udemy. This way, you earn money from them doing all the work or you when it comes to getting people to buy your product.
#2 Starting a Youtube channel and getting paid via ads on your video is a good way to create a passive income investment. It's free to start a Youtube channel and you can get started right away. You get paid every time someone clicks an advert on your video
#3 Affiliate marketing is a large income course for me. Anything I promote I get paid a commission usually 50% or more. Affiliate marketing is everywhere and it's a highly recommended passive income opportunity.
#4 Creating a software (SAA) products can create a long term passive income stream for you. You can create income via having a recurring payment option where you get paid every single month.
#5 Dividend Income investing into the stock market is my favourite true passive income idea. Buying stocks that pay you a dividend classed as income does require a lot of up front money. This will encourage you to save and invest instead of wasting money.
#6 Real estate is once again a true passive income source. You can use the banks money to purchase a property then the tenant will pay that loan down for you. Once paid off you then make profit on the monthly payments and it's passive.
#7 Blogging works in conjunction with some of the other income ideas like affiliate marketing. I use blogging for organic traffic and that traffic creates long term passive income.
#8 Amazon Associates in an affiliate marketing program where Amazon pay you a commission every time someone buys a product via you link. This is one of the passive income strategies for beginners in 2020
I hope this passive income video helped you see what's possible!
*You can assume that I will receive a commission for anything I recommend in my videos. Any earnings or income representations are aspirational statements only and results are not typical. There is no guarantee that you’ll receive the same results or any results at all. Some people will never get results online. Your results will depend entirely on your work ethic. Please don't buy my products if you are in financial hardship.