what's going on guys welcome back to
another video in today's video we're
going to be talking about one of my
favorite topics and that is passive
income the holy grail of income more
importantly we're going to talk about
some passive income streams they can
make over $1,000 per month and I've been
doing these passive income streams for
quite a while now and these are the best
ones that are going to work in 2020 and
moving forward now if you're new to
passive income
essentially what passive income is is
when you put money somewhere and you get
money in return without doing any work
in a few ways which we will be talking
about in this video but some other
passive income streams will require a
little bit of work upfront and usually
some sort of a maintenance going forward
but in most cases it's very minimal and
we will be talking about that in this
video so idea number one is probably one
of the biggest passive income streams at
the moment for a lot of people but it
depends how you set it up and I'll
explain to you how I set mine up in a
second but that passive income stream is
creating an online course or membership
this is quite big right now and a lot of
people are making a lot of money for
example this award here I have toward
them right here these represent six
seven figures each so basically you use
this program if you create a course with
them or you use this service you make
every seven figures they send you these
big awards so they kind of proves that
online courses are working extremely
well now you might be saying well online
courses are not really passive and that
is true for a lot of people so a lot of
people go and do advertising and things
like that but the way I sell my online
courses is through organic traffic and
it's pretty much passive all I do is a
little bit of maintenance and upkeep
every now and then like updating the
course every year and doing a little bit
of support for my students but
essentially it does become very passive
the way that I do it now with courses a
lot of people kind of like don't really
know where to start and all sorts of
things that Bend they think they have to
have a course and make money online
niche or fitness niche but you don't
actually have to so I know someone that
has the course on how to ride horses and
they do get similar figures per year we
also know someone that has a fishing
course and they do
I think maybe 20 or $30,000 per month so
you can have a course in any type of
industry now creating a course is very
simple there's lots of platforms online
that you can use you can use one called
there's one called teachables which is
what we use and it's very simple and you
can go and upload your content to
teachables now getting the traffic is
quite easy as well I recommend two ways
there's a website you can use called
udemy and you can actually upload a
course to you to me and they have
organic traffic on there so you don't
have to worry about the traffic the
traffic is already on that website
people looking for courses although the
downside about udemy is you don't make a
lot of money and because they take I
think around about fifty percent of the
price that you have and you usually have
to price your course pretty low another
traffic stream that I use probably the
best way to do it is organic traffic so
things like YouTube but mostly I get
most of my course sales from my online
blogs so I have multiple online blogs
that bring the passive income from
articles that I wrote a long time ago so
that's probably the best way to do it
it's a garden create a website or blog
in your particular niche like starting a
course is a great way to make passive
income now number two is something that
you will need to put a little bit of
working at the start but it does truly
create passive income and I'll explain
to you why it's truly passive income in
a second and that is starting a YouTube
channel now a lot of people think that a
YouTube channel isn't passive but if
this particular YouTube channel that
you're watching right now makes a
rounded out let me just check I think
I'm doing
around about eighteen thousand nineteen
I'll put a thing up on the screen
eighteen thousand dollars per month now
most of this money pretty much all of
the big the big money comes from videos
that I posted months ago one of them
even over a year ago some of them even
two or three years ago they are
completely passive now the best way to
start a YouTube channel is to simply
start a YouTube channel on something
that you like and think of the word
how-to and what I mean by that is
literally everybody is searching for
how-to stuff on the internet and every
single niche so for example I do a lot
of videos like how to make money online
how to start blogs how to do a philia
marketing I recently started a new
channel in the gaming niche with a life
did a lot of gaming and although it's
starting off very
slow I did a video on how to unlock the
grease gun and battlefield and it's got
over three and a half thousand views how
two keywords work extremely well in
YouTube and yes you can make a very good
amount of money on YouTube depending on
the niche that you're in but my advice
would be just to start a YouTube channel
on something you enjoy don't do it on
something you don't know anything about
like for example if you don't know how
to make money online you don't know
anything about that don't start a
channel in that industry now number
three is a great way to make passive
income online and this is called
affiliate marketing you don't need your
own product you don't need to create
anything all you do is need to send
traffic to a specific link so here's an
example of mine this one here is one of
the products that I make affiliate
marketing commissions from and you can
see it kind of goes up and up and up and
this is this is quite passive with this
particular program that I promote I
don't do any work now and make money
because these people were on recurring
plans
so they basically I get a percentage
every single month from these people
being on this affiliate marketing plan
now I have a lot of videos on affiliate
marketing on my channel so we're not
going to dive deep into affiliate
marketing right now but if you want to
learn more about affiliate marketing you
can check something out on my channel or
I'll leave the video up on the screen
with a little card that you can check
out a full tutorial on affiliate
marketing and you can learn how to do it
but it is one of the best ways to make
passive income online if you do it with
organic traffic you don't need your own
product you simply just send people to a
specific link and you get a commission
every time someone purchases from that
link
I have a video on how you can get
started an affiliate marketer for is
also one of my favorites but it will
take a little bit of money up front and
a little bit of time and this is called
creating a set product
software-as-a-service basically go and
get a software created you can go to
website called up work comp and you can
hire a software developer for quite
cheap and you can charge a monthly
subscription for the software now I'm
actually doing this I only recommend
methods that I'm doing and I make around
about 20 thousand dollars per month from
a software that I had it's made quite a
significant amount of money so far and
it didn't cost me much to create this
particular product so what I recommend
you do is go and kind of research how to
create a software-as-a-service products
you can hire people to do that
for you and then it does become passive
over time as you build out a team and
you get traffic to that particular
product
I do organic traffic if you're doing
advertising that doesn't it's not really
a passive income stream but my product
is a passive income stream because I do
literally no work at all very minimal
maybe like a couple of hours a year at
this point of time so it is very passive
for me so that is software-as-a-service
creating a software now number five is
truly 100% passive but there is a bit of
a risk in this so let's talk about that
right now and that is called investing
in stocks now I talked about this
balance video how one of the abyss
passive income streams that I have
pretty much makes me a living wage well
that's stocks I'll put a thing up on the
screen to my phones I'm using for the
mic right now but basically I put money
into stocks and in the last year I've
made around about $17,000 in dividends
and increase in price prices from the
stocks and over here that's around about
a living wage it's actually below a
living wage but I could live off that if
I wanted to to seventeen thousand
dollars per year in stocks and that is
completely passive because I've put my
money in and I've just let it sit there
I haven't done any work however I did
put quite a bit of money and to get that
money and there is a big risk in stocks
the markets are overextended right now
and they could drop at any time or maybe
they were drop we don't know that so
just be aware that there is a big risk
in putting money into stocks however if
you want to kind of control that risk
and you want to have the lowest risk
possible I recommend putting your money
into things like ETF and over here we
have different stocks to America but
things that have like a lot of companies
in it so for example I put mine in the
NZ top 50 which means that my money is
spread over 50 companies so if one of
those companies goes down it's not
really gonna fix me much at all probably
it's not gonna fit me maybe a file or
suit to go down that might have fixed me
but you're pretty safe putting your
money into and like an index fund or
some sort of fund that has a lot of
companies in it and that pays you a
dividend every single year so if you
want truly passive income I would
recommend putting like just a little bit
of money away every week 20 bucks 30
bucks ten dollars into a stock portfolio
you can do it automatically now every
scene
with episode out there there's a lot of
apps that you can use in your country
the one that I'm use here in New Zealand
is called Sherry's and I also do it
through my back so you should also be
able to do stock investing through your
bank now number six is one of my
favorites as well and I'd do this as
well in fact I'm actually looking for a
property this week I'm going to be
putting an offer in on another property
now one thing about real estate a lot of
people get wrong is a lot of people buy
real estate because they want the price
to increase and they want to make money
really fast the way I'd be a real estate
well the way I think about real estate
is if the bank's gonna give me a
mortgage or a loan and I can buy a
property and I can click rent from that
property then essentially if someone
else is paying off their mortgage for me
and then in 20 or 30 years time I could
sell that and get the money back and
that's my money
so what you want to do at real estate is
use the bank's money if they will lend
you the money
go buy some property and then get the
rent and the rents will eventually pay
down that mortgage and then one day you
will be making passive you know passive
income from that once the mortgage gets
paid off paid down they are paying that
down for you so you're not really using
any of your money to pay off their real
estate so when you buy property
obviously you've got insurance and
you've got a mortgage in your interest
so at the start you're probably going to
maybe have to pay a little bit of money
or you're going to be even and you won't
start to make really good profits for
quite a while but once you pay down that
loan you will start to make a profit
what I recommend you do with property is
don't get into property thinking that
you're going to become a
multi-millionaire quick that can happen
at the right times for example when
there's a recession and you can buy
property for really cheap and then it
goes up really quickly then yes you can
make a lot of money however in most
countries right now the real estate
market is overextended and you want to
just be buying based on rental returns
and just get rent to pay off that
mortgage for you
so yeah real estate is probably one of
my best passive income streams right now
that's truly passive I don't do any work
I have property managers and everyone
that that does everything boy I just
look for the properties every now and
then now number seven is also one of my
favorites and it kind of works in with
everything else starting a blog you can
start a blog on any particular niche the
best thing about blogging is you can do
a flip marketing with blogging you can
sell your course
blogging all you need to do with
blogging is blog about specific topics
and get organic traffic to that blog
once you get organic traffic to that
blog then you can sell whatever you want
affiliate marketing products for your
own course now I have multiple blogs
online and what outdoors I'll leave a
card up on the screen you can click he's
not gonna get into too much detail right
now I'll show you exactly one of my
blogs that makes quite a good amount of
money and I'll also show you how you can
create your own blog blogging online is
probably where most people start online
when they're trying to make money
usually with like they usually start
with blogging or YouTube because
basically you just want to get traffic
sources and here's a great way to get
traffic sources and then you can start
to make passive income once you have the
traffic sources so blogging is a very
good way to start making passive income
online check that video out for more
details on there now the bonus is
something that is getting really popular
now and it's really easy to get into and
that is called starting an amazon
associate website and an amazon
affiliate website so amazon has an
affiliate marketing network that you can
sign up to and you get commissions for
promoting products and there's this kind
of thing called amazon associate
websites the good thing about this is
you didn't actually have to create your
own anymore you can go to a website
called flipper you can find websites on
flipper that are already set up for you
already ready to go you purchased them
and you then you essentially just guide
and start producing traffic for those
websites and you can make commissions
now Amazon Associates is quite low
commissions but Amazon is pretty good at
recommending products and getting those
commissions up for you so that's my
bonus guys go research how to start an
Amazon associate website you can start
making affiliate commissions on their
Amazon platform or you can go and buy a
website already pre-made to give you a
head start now if you guys would like to
learn more about some of these topics I
will leave some videos up on the screen
that you can click right now that would
take you through step by step how to do
some of these particular methods and
I'll leave a playlist that will show you
some of these methods as well in detail
if you want to learn more about how to
do some of these particular passive
income of methods don't forget to
subscribe
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next video
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