today we're going to be talking about
what I see at the best passive income
models for businesses getting into for
the year of 2017 so the way I see it
there's a lot of great ways to make
passive income out there there's spent a
lot of ways that have been around for a
long time but there's also some ways
that maybe used to work a number of
didn't work well anymore
so I wanted to basically out like for
you guys but if I was trying to start a
passive income business or a passive
income model for the year 2017 here is
the for businesses or the for areas I
would be involved with I just want to
mention too before I get too far on
video I am a little over the weather
today not feeling too great I wanted to
shoot the video anyway so it's my energy
levels not exactly there or if I kind of
sound a little I don't know if I sound
kinda congested that's what's going on
with that but I still wanted to make
sure you get this video done so that's
what we're doing today I will be the
light the first thing I'd recommend and
I would say for people who are so let's
say if you're younger because the number
three is number four you kind of have to
be older enough to own property anyway
have a little bit of money that you have
two jobs you have property you've
probably saved up money in order to own
that property but number one and number
two you can do either for free or very
extensively because you do a lot of the
work yourself but number one would be to
write a niche specific blog no this is
not a blog where you write opinionated
posts about things that you see on the
internet this is the way blogs used to
be this is like the old days of launch
we went on a new role based on opinion
I'm not saying that you can't have a
successful fall off successful blog
based on opinion I'm just saying it's a
whole lot harder than it used to be a
number of years ago so if you really
want a blog just you want to make you a
good amount of money I would write a
very niche specific blog because this is
basically a way that positions you as an
authority on this topic and the thing
with this guys you need to be
authority you need to be a trusted
person in order to sell the people
because people are very skeptical now
because everyone's gone through
experience where they've been lied to
for the most part so they're very
skeptical especially online because
there's a lot of scammers out there and
one thing that they hate to do is waste
their time or waste their money so in
order for you to sell a product to
somebody or sell a resource or whatever
it is they really need to trust you and
they really need to believe that you
know what you're talking about so the
first thing I'd recommend to make sure
you know what you're talking about
write about something you already know
about and some of you already care about
even you know even not as big of a topic
as something else maybe there's
something that's a bigger bigger
potential but you have no idea you don't
know the first thing about it it's going
to be hard because you have to educate
yourself while you're teaching others
about it so it's going to take you twice
as long to do it
and if you're not interested in the
topic you're not going to want to do it
you're going to give up halfway trust me
guys I've talked to a lot of people will
try this that was the biggest thing that
they would do they would pick some topic
because it seemed like it was a hot
topic they weren't interested in that
themselves and they ended up giving up
because they didn't want to do it so
basically you look into people think
that they have a niche on when you think
you have a niche go out five layers
deeper so the example I gave of this is
if you were going to write a blog about
dog grooming and you said yeah my niche
is dog grooming that is not in any way
and yet you got to go about five layers
deeper a niche blog example would be
like the best ruining practices for
teacup yorkies that's a niche dog
grooming is not a niche is you have
large breed small breeds medium breeze
toy breeds you have many different
layers until you get to a niche so a lot
of people think they found a niche
you've got to go many layers deeper oh
but you got to think about this guy's if
somebody's looking to groom their teacup
Yorkie and they go to a blog about
grooming your pet they're not going to
take that longest for them
they have a teacup Yorkie yes it is a
pet yes it is a dog but they don't feel
as connected to that flow because it's
kind of big if they come across a great
blog about grooming your teacup yorkies
they're going to be like oh my god this
is this was written for me they're going
to be more attached to that work they're
going to be more likely to read it and
they're going to be more likely to buy
something that you are selling on that
blog so you really want to make sure you
find a niche you want to make sure that
is it specific enough so how do you
monetize this well you don't monetize it
for a while because you got to build it
you got to have a vast array of
information you got to have a lot of
knowledge up there before you can
monetize it because people need to see
you as a trusted resource they need to
see you as the authority on this so if
you start trying to sell right out of
the gate nobody's going to buy your
stuff you don't even know where you are
so you need to build up a base of
knowledge these free resources because
you need to give value first before
anybody's going to give you money back
you always want to give value first so
you want to just give people as much
information as possible about the topic
for free and then you offer something
for basically you pay money at that
point for some extra goodie so a couple
of examples of that you know if you have
ads on the site you're not going to make
a ton of money unless you have a very
very high traffic site and you might be
able to make enough money to us see some
coming in but if that's not the best way
to do it you can do a combination of
things you could do ads and a product
but I think the best way to do it is to
have a paid resource so maybe you write
an e-book um that has like all the best
information or something like that or
even better if you can sell your own
product that would be great too so let's
say you are doing that example about
about you're doing grooming for teacup
yorkies and you have a shampoo that's
like isn't the best shampoo for toy
breeds especially this teacup Yorkie and
then you somehow we're able to make that
shampoo or have somebody make it for you
put your own size label on there that
would be I think the best way to
monetize a niche visited log is with a
physical product number two I would say
would be a resource okay so that's where
you
your own resource that you're selling
it's like an expanded version of maybe
what your website has to offer you can
do ads as well as tend to annoy people
though so just be careful with your
placement of the ads and you can also do
affiliate sales so a bit of a product
that would relate really well to your
audience you can do affiliate sales of
that product or that resource so I would
just make sure that that affiliate is
somebody that something you've actually
if it's a resource make sure it's
something you've read yourself because
you don't want to sell somebody
something that ends up being garbage
because that looks really bad for you so
you want to make sure it's something
that actually would be useful to your
own it's not just something to fat in
your pockets basically but like I said
guys that's something you can do
starting at fifteen fifteen years old if
you want to start getting something
started if you do it for a couple of
years you build up a huge audience I
mean you could you can make it ton of
money with a niche specific one there
was a book I really like it's called
quick millionaire's if you guys are
looking for some inspiration on this I
don't never really author is but I got
it off of Amazon but he goes you all the
example the people who made these niche
specific blogs and one of them was like
a it was all about raising chickens in
your backyard and these people need this
blog as a hobby and they ended up making
millions of dollars will suddenly
brought it all to them and they were
like they were just doing it because
they wanted to share their experience
lands of making millions of dollars so
you can make a lot of money with a niche
specific blog okay let's move on second
one here so writing an e-book this kind
of tied in with your blog and it can be
you can do both of these if you do that
blog what you want to do in a lot of the
same things apply to this too you want
to share your expertise about something
you already know a lot about let me you
already care a lot about you can't just
fake it these people are going to see
right through you and then you can
either well just a couple examples here
you could write an annual how-to guide a
beginner's guide you can also write
fiction
if your writer yourself you could write
fanfiction you could do all kinds of
different stuff then what you can do
there's two options here so you can
either sell the e-book directly maybe
you have the blog to when you're selling
it as a resource on your blog or you go
on Amazon you sell it to Amazon
Kindle with a lot of places where you
can sell your ebooks um but then you
could also leverage the e-book to make
more money down the road so one of the
most common ways that these people doing
this is through lead generation so let's
say you have a coaching service and you
write an e-book on like the thought the
topsides way to increase I'm just
writing to the top of my head increase
the customers coming in to your door o
increase the customers come with your
business okay so you give that ebook
away for free in exchange for somebody's
email but then you also have a business
coaching service that you're going to be
sending to their email regularly with
email blast so that's the way you could
use it to leverage the e-book and have
future coach sales of your coaching
services or whatever services you offer
then you can also if you wanted to you
can do affiliate sales but basically
have people sell the e-book for you on
there's websites like Clickbank where
you can go on there and if anybody sells
a copy of the e-book they get an
affiliate Commission and you get the
other part of the money so just another
option there how to monetize this and
then like I said guys another two
options here are probably a little more
difficult for younger person because you
have to be kind of established into
these two things here but number three
is to get in on Airbnb and Airbnb is
huge gets a lot bigger than I thought it
was just out of curiosity I did a search
in like my 5-mile radius and there were
over 150 people doing Airbnb just in my
area which is crazy because I I just
heard of it not too long ago but
basically what you do is you guys have a
spare room or if you have vacation
rentals or if you are going away for an
extended period of time during the
summer or something you can rent out
your own home or a lake and if you have
local attractions in your area which I
do which I'll tell you about that's a
big bucks so I actually live like five
six miles away from the Saratoga
racetrack and I do I go there like once
or twice a year it's not my thing but
people come from all over the world to
see the track so if you have a local
attraction if you rent out a space in
your home or a property around that time
you'll make a lot more money because
there's a higher demand
in that area and I put this here to rent
out a tree house maybe that sounds like
a joke but another book I read they
talked about how these people in Vermont
basically built these treehouses in
their backyards and they rent out these
treehouses and there were some of these
people with tree houses in their yards
that have a six-month waiting list for
people to get in there and these people
have actually paid off the mortgages on
their own home renting out a tree house
in their backyard that's pretty crazy
then the fourth one kind of size in this
case this is like the most tried and
tested passive income model is rental
income so build a portfolio of rental
properties you know yeah this takes a
lot of money yeah it's difficult to get
started with this but this is the best
way you're going to make the most money
doing this and this has the biggest
potential I think to become passes once
you have a management company to manage
all your properties you collect rent or
you take care of renting out your
apartments it's pretty much passes at
that point you just keep your check once
a month this is probably the most
difficult one to set up because it takes
a lot of money and a lot of at first
it's not passive at all because you're
going to be collecting rent yourself
you're going to be going to get out to
people you're going to be making repairs
or making the phone call to make those
repairs so it is going to be a headache
at first but it has the potential to
become completely passive and the last
thing I wanted to say guys I don't
passive income seems like a very sexy
type of income because people are like
oh like I know the thumbnail maybe
that's a little quick baby but it's a
you know the picture of people at the
beach that's what people think of when
they see passive income they think of oh
I can make a couple hundred dollars
sitting at the beach or I made a
thousand dollars today sitting under an
umbrella at the beach most of these
income models here especially these ones
listed here there are nothing but
passive at first in fact they're going
to be taking a lot of your time they're
going to take hours a day to build a
niche specific blog or to write an
e-book and market it successfully or to
save up the money to buy real estate or
to save money to buy a place to rent out
an air B&B maybe one of the potentials
become passive but there's a lot of work
at the start of it and if anybody is
trying to tell you that there's a
passive income model out there that
doesn't take any work at first they're
probably lying to you if
you do come across one make sure you let
me know because I've yet to find one and
I think it's because most of these
things that I want to say all of these
things require a lot of work at first
but that's pretty much guys the four
areas I would look into if you were
looking to build passive income 2017 so
thank you guys for watching the video if
you guys have any questions or you have
any video ideas yourself please drop
them in the comments below if you
enjoyed the video please drop a like and
subscribe thank you guys for watching
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