hey guys this is Stephanie from
projectlifemastery.com today's video is
all about how to make a passive income
online and this is something that you
know I get emails every day from people
about and I think I mentioned in one of
my videos that make a passive income
online and then before you know what
everyone's asking me questions asking me
how I did it and actually have a few
clients now where I coach like life
coaching and actually help them set up
their own passive income streams on the
internet and so this is something I'm
really passionate about and I thought
it's definitely something that is worth
a video blog and sharing it with you
guys and in this video and accomplish a
few things I'm the one I want to kind of
you know tell you guys and share through
my store to go how I got into passive
income what it's done for me that kind
of lifestyle the freedom it can actually
provide and you know essentially why you
should be at the end of this video
pursuing some sort of stream of passive
income and if you're not you're
absolutely insane and I'm gonna explain
why to you but then I'm gonna kind of
switch gears a little bit I'm gonna get
behind the computer and share with you
guys
a screen capture of my computer and
share with you guys the different types
of passive income businesses that exist
out there the different business models
and there's really so many of them
there's there's so many different ways
to make passive income online but I want
to share with you guys for them so four
specific ones that I personally use
myself and have become quite good at and
I feel pretty confident to be able to
share with you guys so I'm gonna show
you guys different examples of that so
then also this video is gonna be
accompanied by a blog post and so you
want to make sure you go to project like
mastery calm or just wherever you're
watching this video right now there's a
probably a link somewhere here and you
want to click that link go and check out
the blog post because it's going to
supplement this video in so many ways
and I'm gonna share different resources
different tools different ways you can
actually get set up and get started in a
lot of these things different training
programs and whatnot that I personally
use myself and so I'm gonna share all
that with you guys and essentially sell
you guys on making passive income which
is something like I said that everyone
needs to be doing because that the
challenge that I face I could kind of go
into my story with you guys a little bit
is I started maybe about six years ago
and I was running a coaching business
and it was an area that I was really
passionate about I went to certain
challenges I
overcame them and I wanted to share and
provide solutions and answers for people
and help them with the exact challenge
and problem that I faced in my life
which was being very shy and introverted
and so I started putting on seminars and
workshops and I started doing coaching
for people and actually helping them and
I loved it you know I was very
passionate about it but the problem was
is that my income was it was this in
exchange for the time that I was
investing so as essentially trading my
time for money and that's really a bad
deal because you know every month what
would happen is I'd spent a certain
hundred hours and then in exchange for
that I'd make a certain amount of money
and then repeat month after month after
month and that's how most people live
their lives also known as the rat race
because your income really isn't isn't
really improving unless you're you make
me turn improving a little bit here and
there but it's not scaling up to really
big level because it's still requiring
your time or essentially a slave to that
business just like how a lot of people
they're still slaved for their job or
their boss they're helping someone else
build their dream and they don't really
have Vinum for themselves and their job
is just essentially a way of security
for them and that's essentially how I
was living and I read this book is
called a 4-hour workweek by a guy named
Timothy Ferriss and you know that's
definitely worth writing down actually
have a blog post that has a review of
this book that is worth checking out on
my blog and this book was all about how
to escape the 9 to 5 how to build
passive income and build a type of
lifestyle where you can only work four
hours a week and travel the world and do
what you love and I was really you know
I was really into that at the time and I
was really excited about it so I've
written this book and I looked at a lot
of different things about this and
essentially it was a way for me know now
that I've built it is a way to have that
freedom I'd be able to leverage myself
in a way where I don't have to extrange
my time for money but I'm actually I can
go and do whatever I want I'm still
making money it doesn't stop and that's
really what passive income is so we're
to leverage yourself and building an
automated automatic business that runs
on out of autopilot you don't need to be
there to run it and it's still providing
you income and financial freedom the
definition of Finance
freedom is when your passive income
exceeds her expenses and that's
something I've been very unfortunate and
privileged to experience at a young age
and another great resource on that as
well is Robert Kiyosaki he talks a lot
about that if you've read his book I'm
sure you've heard of it it's called Rich
Dad Poor Dad and I was all about how you
know his Poor Dad would say and go to
school and get a job have a nine-to-five
have security whereas his Rich Dad were
talked about building passive income how
to be financially free how to escape the
rat race and that's what this is about
you know when people spend time and they
you know they take that weekend off you
know you watch TV or whatever you're
losing money when that happens you're
losing money whereas somebody that has
passive income that you know that
doesn't happen for them they're still
making money as they're going out as
they're traveling as they're on vacation
because they've built a system an
automatic autopilot system as making
them money while they're sleeping and
that's what you want that's the goal of
this whole thing and you know that it's
something that will give you an
incredible freedom an incredible
lifestyle
and give you the opportunity to live
life fully because I don't know how many
people are out there that actually hate
their jobs and if you're gonna spend a
third of your life doing something you
want to make sure it's something you
love and something that you're
passionate about it's something that you
enjoy and whether it's working or not
but he's enjoying life you know you only
get one life you want to live it fully
and just enjoy yourself as you're here
so passive income we can really give you
that freedom to do whatever you want can
give you the freedom to travel you know
right now I'm making this video to you
guys and in Colombia and South America
and that would have never been possible
if it wasn't for the lifestyle that I
created for myself the businesses and
the websites that I created that and I
share with you guys in a little bit here
so it can really change your life in a
lot of different ways and the way that I
actually really got into it is I was
kind of you know learning about passive
income and everything I didn't really
know how to get started I know much
about internet marketing or this whole
kind of thing but I managed to create a
little blog one
and I was struggling financially at the
time I had a lot of debt a lot of credit
card debt and I was looking a way to get
out of it and create this little blog on
a certain kind of niche topic and I you
know wrote some articles on this blog
it's kind of left it there you know it's
left it collecting dust and a few months
after that I was at a tea heart Becker
seminar called the millionaire mind
intensive and by the way an amazing
event
highly recommended TR members got a book
called the secrets of the millionaire
mind
and sure enough I actually have a video
a video review of the seminar on my blog
project like master comm so if you're
actually interested in it which he
should be go check out that blog post in
that video anyway so I went to the
seminar and actually TR Becker was at
the event and he doesn't actually come
to these events anymore yeah actually
has another guy that does a speaking and
runs the - the seminars but he was at
the event but he was there to promote a
certain event and it was actually called
the like the internet marketing seminar
or like online marketing mastery or
something like this or I forget the name
but he was there he is promoting the
seminar and he was talking about how
internet marketing is the way the future
that internet marketing is one of the
easiest best the fastest the easiest
ways to leverage yourself and create
that freedom for yourself because it
doesn't require a lot of money you know
where a lot of businesses that you might
want to start like an offline business
requires a lot of capital and all this
kind of stuff to actually get started
with it whereas you know online
marketing you know to create a little
website you can actually create like a
little WordPress blog for free you can
spend ten dollars a month on hosting and
you can buy like a little domain name
for about ten bucks you know so the risk
factor is really really low and it's a
way that you can reach the entire world
whereas if you have like a store you
know you're limited to like the little
neighborhood and everything rise if you
have a website now all of a sudden you
can market to everybody in the world
24/7 and nobody actually has to be there
to run it you know their little website
it's like a little salesperson that
sells your products and everything
without you having to do anything and
you can you know mark and advertise in
so many different ways and essentially
just how the Internet is becoming so
massive it's becoming huge or that if
you don't jump on board now you know
you're gonna be left
and this is this kind of talking about
how much an incredible opportunity this
was and especially for passive income
which is what he's all about and when I
was kind of sitting there watching him
and actually listen to him speak you
know he definitely sold me you know I
didn't sign up for a seminar anything
but he sold me on the concept of
internet marketing and this light bulb
just went off in my head and I was like
wow you know I have to make this happen
this is the answer this is it I'm gonna
do this and so many different ideas and
as this really excited about it and sure
enough what happened was I went back to
that little blog that I created a few
months before and I looked at it and
looked at the stats like the traffic and
everything there's a way to see how many
people are visiting the website and I
was amazed to see that you know I just
lent it they're collecting dust but all
these people are actually going to the
website they're going and check out my
blog and I was like wow that's amazing
and so what I decided to do was I
created this little page that had
basically this describing a certain
product that I was gonna sell to them on
how to solve their problem because all
these people were going to my blog and
they're looking for an answer to a
solution so I just had a little page
that said you know I've quit this little
product this book you can buy it for 20
bucks click here and a little by button
and I didn't actually have a product but
the Buy button just kind of went to
another blank page and I was just doing
a little test and I was curious to see
how many people are actually clicking
that button you know how many people
would if I she had a product you know
what I actually be making money with it
or not and I did that and what happened
was there's no product for people to buy
but I was able to see that there was
quite a few number of people that had to
click the button you know expecting to
buy something but it just went to
nothing and then if actually had a
product I'd be making money from those
people and so I realized I'm actually
losing money by not actually printing a
product in pursuing this and so I was
really excited about that I decided to
create create the product and go ahead
with it I started making a little bit of
money and I actually went at the time I
went to Southeast Asia to really pursue
this internet marketing thing and at the
time I was struggling financially I was
actually living in my friend's living
room you know making a sacrifice trying
to
dad credit-card debt so I can pay
everything off and I decided most South
America because honestly was a lot
cheaper to live there than it was in
vain humor which is where I live that's
high so here I go to South East Asia and
Thailand and everything and my one goal
is that I'm gonna make $300 a month
passive income from this website okay
that was it how's my goal and that if I
could make that three hundred bucks a
month I beat you for it because that
paid for you know a few different
expenses I could actually have my own
apartment and everything if I was making
the extra three hundred bucks a month so
I was really excited about that and sure
enough I should reach the goal and
things exploded from there and I started
making a lot more money with this a lot
of passive income without having to do
anything give me a lot of freedom to
travel and just really live my life and
just really enjoy myself at a young age
and essentially I just crate started
creating more websites like the one I
had already created and the amazing
thing about it is that once you've been
through the process once while creating
an X up next website is like a hundred
times easier and then the one after that
and one after that just becomes easier
and easier and easier and then really
it's almost scaling it up you know
getting more visitors to your website
and now I have about seven different
websites that I run that have different
products and then I sell and I have that
they're very successful and then I also
have a bunch of other little kind of
websites that are run and um different
other ways that I make passive income
online which I'm going to share with you
guys coming up here so it's changed my
life in so many ways and that's why I'm
so passionate about it and you know I
really love my life and I I you know I
wouldn't trade it for anything else but
having passed the minke I'm having these
businesses learning what I've learned
has really changed my life giving me a
lot and I still do some active income by
my definition of active income is really
only spending time doing things that you
want to do things that you enjoy doing
so it's making that shift from having to
do something having to work to only
wanting to work and that's personally
for me I mean I don't have to do any
active work at all I can honestly
probably retire right now and you know
fully be totally fine just based on
living off of different websites and
everything but I wouldn't have a
lip-sync level of fulfillment and joy
and so I actually choose to do some
acting
work and for me that's doing some
coaching and I still enjoy coaching just
because it's fun it's great great way to
have a relationship with people and help
people on a more in-depth kind of level
and that's finally about 10% of my
income is just doing you know different
coaching and working with people in that
way so you know if you're are gonna do
active income work or have a job make
sure it's something that you want to do
something that you don't have to do but
you just love it you just want to do it
because that's a passion of yours of
something that you enjoy you're not a
slave to a business or a job or somebody
else but you're the one that's in
control you're the one that's you know
designing the life that you want to live
and fulfilling your destiny and helping
people and it's for me just internet
marketing it's been a great way that I
could leave so many more people than it
ever could have by having my little
coaching business and doing seminars and
now with my blog project like master and
everything has become another thing I'm
passionate about and it's a way that I
can lose so many more people than I ever
could otherwise so the Internet can
really provide a lot of amazing
opportunities to people and I definitely
hope I definitely hope that by the end
of this video you actually do something
to pursue some sort of passive income
stream and it doesn't have to be
internet marketing excuse me it can be
anything there's so many different ways
out there but start to think about how
you can create that freedom for yourself
how you can live the life and design the
life that you want and and and that kind
of lifestyle instead of waiting to you
know you know spending a 30 year life
doing something you hate something that
you don't we enjoy and hoping for one
day then you're gonna retire when
there's 60 or 65 years old for me that's
just a horrible strategy to live life
and you know I just for me actually
having a job you know I've experienced
different jobs in the past for me I
could never go back you know it's just
too painful for me just because the
freedom and the lifestyle the standard
that I lived at now is just so much
greater than my opinion so I hope you're
sold because the sale isn't for me it's
for you and if you actually again if you
actually pursue this and I should take
action in a short period of time I mean
like within a year you can totally
transform your life as I have just over
the last few years I should pursuing
this so I hope you guys enjoyed this
this little rant of a passive income
what is about
and like I said this whole blog post is
gonna go and work you feel about it but
what I want to do now is I'm gonna kind
of switch gears I'm gonna get behind the
computer and I'm gonna share with you
guys four different passive income
business models that I personally use
and I'm just going to give you example
suits so you can actually see what it's
like and see you know what it's about
and everything and if you choose to if
this is something you want to pursue
then check out the rest of this blog
post I'll have different links and
everything to different resources that
you can actually use and you can get
started right away so thanks for
watching guys and let's get right into
the next video
hey guys I'm back I'm gonna share with
you guys now the different streams of
passive income online and there's
essentially four business models I'm
gonna share with you guys that I
personally use myself and it's you know
very simple straightforward the first
one is the information product marketing
which is one of the most popular ones
you've probably already heard of it but
right now I'm at google.com and people
go to Google or these search engines and
they're looking for information so they
might type in how to stop smoking let's
say and you know here they're you know
they're looking for an answer and you
would essentially create a website that
would provide an answer to their problem
and you'd essentially create a product
that would solve their problem and so
you might have an ebook or an audio
program or a video you know chorus or
something like this but you're selling
them information that's gonna help them
with their problem so when they type
this in and they see your website
they're gonna click on the website and
that websites gonna give them the
solution they pay money for it and as a
result you make money for solving their
problem and they have their problem
solved so it's a win-win and that's
really what this is is solving people's
problems at a profit which is what the
definition of business so there's so
many things that people go to Google for
you know how to stop smoking how to you
know lose weight you know how to make
passive income online even right so
there's so many different you know
different markets that are available for
that but I'm gonna kind of go into
Clickbank comm which is a website here
where you can be a vendor and you can
essentially have your product on this
website and they do the payment
processing and everything or you can
also be an affiliate which is another
model I'm gonna talk about it a bit as
well but if you go into the marketplace
here you can kind of see what products
people have created I'm going to show
you guys some examples so these are all
the different categories
you know there's so many different
markets available but let's go into arts
and entertainment and let's say that you
know you you're really into photography
okay and it's something you're
passionate about you know a lot about
and you could maybe create a product or
an e-book and help other people with
that with you know teaching them on how
to do better photography so there's this
product right here trick photography and
special effects ebook you know there's
this so many different things you know
photography's secrets and as you can see
here there's this pages and pages that
people's products just related to
photography so let's take a look at this
guy's website right here and by the way
you can see right here if you were to be
an affiliate and promote this product
you get a fifty nine percent commission
which is roughly about thirty seven
dollars just by promoting it and this
person is doing pretty well as you can
see by the gravity score so let's check
out this product this little website
real quick and I'm not gonna play this
video here but it's basically a sales
letter that you know basically looks
like this guy's gonna be promoting some
sort of ebook this is the guy right here
and it kind of goes into a story and
everything and you know tells you why
he's learned a lot about photography
he's got a book here you can see trick
photography and special effects it's got
different examples of different effects
that he's done with photography and he's
essentially got a book that's gonna
teach you how to do these crazy effects
that he has here okay so he's basically
solving someone's problem he's selling
them information on how to do something
and it's just kinda he's got
testimonials he's got a you know
money-back guarantee and sure enough
right here add to cart' seventy seven
dollars you know so this guy's making
pretty good money selling this book and
when you click the Add to Cart here you
know if you're a customer and you're
actually looking for different tricks
and everything on photography they're
gonna basically come here and if you
want to buy it or whatever if you're
convinced if you're sold on it you can
come here and you can place an order
through Clickbank I'm actually in
Columbia right now so that's gonna
Canada and you just putting your credit
card information or you can pay via
PayPal you know eighty one dollars or
whatever and you basically buy the book
this guy that's selling it he gets the
money directly into his bank account and
then you get redirected to a download
page which will allow you to download
the ebook the actual product that this
guy's selling so this guy doesn't need
to you know he doesn't need to be there
to sell it to you he doesn't need to
ship a product he doesn't need to spend
money printing a product in fact he's
making seventy seven dollars on this
product and and guess what it's not
costing him a penny you know you're just
downloading a physical or sort of
digital
product right to your computer so he
doesn't have any overhead really except
essentially this website that he has
which costs about you know ten dollars a
month on hosting his domain cost him ten
dollars a year you know maybe you spend
some money on advertising and whatnot
and you know maybe he's invested money
in his website and everything like that
or the product but essentially he set
this whole thing up and it's just set it
and forget it you know he's making money
and he's making a lot of money off these
off this product that he's selling and
I'm sure it's a really great product but
that's essentially one kind of business
model now the other one is being an
affiliate for this guy it's called
affiliate marketing an affiliate
marketing is essentially you don't have
to you know create the product you have
to create the website because that's all
you know that's one thing a lot of
people don't really know how to do and
it's something that can be overwhelming
for a lot of people and if you're an
affiliate you'd essentially just promote
this guy's ebook and for every person
that goes through his website and buys
it you're gonna get a fifty nine percent
commission on average which is a $37
sale and so that's a pretty good deal so
all you got to do is drive traffic to
this guy's website and guess what you
don't have to create the product you
have to deal with the customers you
don't have to deal with all that kind of
stuff that this guy does use create a
little website that promotes it an
example of that would be some sort of
review site because whenever somebody is
about to buy a product usually people go
to the internet they go to Google and
they're they want to you know learn a
little bit more about the product before
they buy and this isn't everyone but
it's a very common thing a lot of people
deal with so this product trick
photography and special effects
this type of end trick photography and
special effects so let's say that I
wanted to as interested in buying this
product and type it in Google and you
can see this guy right here has you know
this is this is the actual guy's website
right here but look this guy right here
created a little website that has a
review of the product okay so anybody
that is interested in buying the product
they're gonna come and they're gonna
check out maybe this review right here
it's kind of scroll down and see what
else there is
okay this guy right here created a video
let me come back to this in a sec let's
go you got this guy site so this guy has
a little review about the product you
know he's got the pros he's got the cons
he's got customer reviews of it
conclusion you know the book or whatever
and guess what you click this link and
it's gonna redirect you to this guy is
product and this is actually an
affiliate surprise so essentially when
you click this link it's tracking that
that I clicked in if I purchase that
product through this link through this
guy's website he's gonna get that fifty
nine percent commission so pretty his
temple and stret straightforward all you
had to do is create this little blog
that's blank like look does not even
this is home you know and it's like so
easy to create this and check this out
he's got all these other articles here
that are probably promoting different
products to you know their own digital
photography now review it's got
different reviews and he makes the
commission from that so it's a very easy
simple way to make money is is promoting
other people's products and you get a
commission for it and so let's kind of
go back here for a second again so
there's also this person right here that
looks like he's promoting his website
right here in the description so we just
kind of go here I'm gonna play this
video but I'm gonna click this you know
he's got 840 views but click this and I
guarantee this is a website that's
promoting that product now sure enough
it's actually an affiliate link so this
link right here is actually redirected
and it's actually cloaked but it's going
to this guy's page but this guy that
created a video is making money for it
so all you'd essentially have to do is
create a little blog like this guy here
that has a review of the product or you
can create a little video like this
person right here and you know put it up
in YouTube and stuff and when people are
searching for from trick photography you
know your videos gonna come up and
anyone that clicks this links and buys
the product you're gonna make a
commission from so it's a really really
easy simple way to make money and that's
essentially the whole affiliate
marketing world is finding different
products out there that are successful
and you can go to clickbank com there's
a million different products in a
million different markets
you could create these little review
sites of the products get them ranked in
the search engines which is something
that you can it's pretty easy to learn
but you can get a ranked in Google and
everything and you know you can just
create a little one-page review website
and make money from that or you can make
a little video as well which is you know
even easier in my opinion like look at
this guy right here this is an affiliate
link you can see it's a cloak to link
but it says free download you download
so that's got a good headline
guess what click this link and I
guarantee it's going right back to that
person sales letter and you can see this
guy's affiliate link is right here and
that's the tracking code so pretty
simple pretty straightforward it's a
really really easy great way to get
started with internet marketing and you
know that's it's one of my favorite
methods as well I I kind of do both as
the ones the ones that I just mention of
it the two main ones that I do but I'm
gonna get into now another method which
is Amazon review sites okay so
essentially you're using Amazon com now
you go to amazon.com and people go here
obviously to buy different products and
like I said before people are generally
they'll go to Google and they'll want to
know some information about the product
they want to know some reviews about it
they'll be search it especially when
they're making a big investment online
and so if you just kind of go here and
we go to this checkout electronics and
TV and video and this clicked most
popular TVs and let's tape this TV for
example okay so I'm just gonna kind of
copy this go back to Google type it in
so this crazy
the Samsung UN 46 whatever it is and I'm
a tech and review okay so you can see
this you know there's a review site here
Amazon and then there's that and here we
go this this person right here he
created a little
would you page a little lens and he's
got a review and best price thing here
so let's check this guy's this guy real
quick so he basically he's optimized a
little website that has this keyword in
it and when people type this in they're
gonna check out his little page here and
as you can see right here is a little
link click here to see today it's
discount price got some information
about it is a review they took different
testimonials that are on amazon.com and
click here to check out today's discount
and you go here and here's the TV now
this TV is selling for how much about
eight hundred dollars so if you sell
this TV and Amazon gives you a little
link so you can promote any product on
Amazon and you can be an affiliate for
it and so if you basically this person
right here he has a special link here
that's gonna track it and if you buy
this TV through his link you're gonna
get a commission off of this TV which is
seven hundred and eighty dollars and so
you can imagine that's probably a pretty
good commission for anyone that buys
this TV so that's another example too
and really does just as you can imagine
there's a million products on amazon.com
there's you know I like you know
obviously if we're gonna do amazon.com
you want to do more big end products
more expensive products just because
we're gonna get a higher Commission
whereas if you're selling like you know
smaller products you're not gonna be
profit as much but in just another
example of that is my blog you know I
have a book I have some book reviews and
product reviews on my blog and one of
them is the book the power of now so if
you want it interest in this book you go
to the power of now review and sure
enough I'm right here down on this page
on the first page of Google Eckhart
Tolle the power of now review project
life mastery and you click here and I
actually make quite a few sales just
through this one little page right here
on my blog but this is actually just a
book review of the book
that I read night I kind of shared it
with people and it's a pretty good
quality review it's got some information
about it and then this right here at the
end you know if you want to check out
this book you can purchase it from
Amazon Amazon here and some people they
read this review they click here go to
amazon.com they can buy the book I get a
commission for it you know it's it's not
a lot with books and stuff like that but
you know it's still money if you're
getting a lot of traffic and a lot of
volume then it can be pretty pop pretty
profitable for you but that's just
another simple straightforward way that
you can actually do it and it's really
really easy so that's another way and
the last kind of way I want to get into
is Kindle e-books Kindle books and we
will share one more give you guys a
little bonus but let's say you go to
amazon.com and I'm sure you know about
Kindle it's pretty popular it's a way to
read e-books and everything and you go
to the Kindle Store okay now this is
essentially you know people go to Kindle
and then they're interested you know
they're looking for different books and
different products on different things
and so let's say someone you know one
top we got pretty hot recently was Steve
Jobs because you know you passed away
and a lot of people were you know doing
research about him and he is kind of
trending so if you type in Steve Jobs
and Kindle you're gonna see all these
different books that you can get on your
Kindle now one great way to make money
is what this guy here this guy and a few
others are doing which is they
essentially created a little Kindle book
about Steve Jobs and so this person
created a book maybe this is a bad
example with this one right here the
presentation secrets of Steve Jobs how
to be insanely great in front of any
audience the simple guide to Steve Jobs
right $0.99 and so these people have
taken an opportunity which is Steve Jobs
something that was trending and they
basically created a little Kindle book
about it and so you can see you know
right here and let's take this guy right
here this is something that anybody can
do on any topic that you know a lot of
and so if you know a lot of us Steve
Jobs or really anything you know you
come here and this is a little book that
someone put together you know I has it
you know a few pages they got some
reviews on it and everything but anyone
can create a little ebook and put it up
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