3. Passive income is revenue you earn, even when you
aren‘t actively working; it gives you the ability to make
money on auto-pilot i.e. make money while you‘re
sleeping.
You may create and develop a product or a service and
automate it in some way (but it could be in real estate or
investing as well.)
The great thing about passive income is that once you've
invested the energy, time and money at the beginning to
set it up, there‘s little or no upkeep to that investment in
order to maintain the income stream.
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4. 1. MAKE YOUTUBE VIDEOS
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This is a venture that is growing
rapidly. You can create videos in
just about any area that you like
– music, tutorials, opinions,
comedy, movie reviews –
anything you want . . . then put
them on YouTube. You can then
attach Google AdSense to the
videos, which will overlay your
videos with automatic ads. When
viewers click on those ads, you
will earn money from AdSense.
Useful post: http://www.SuccessSecrets247.com/2017/03/24-books-must-read-in-your-
lifetime.html
5. The keys will be to create compelling
videos, to promote those videos on social
media websites, and to create enough of
them that your income will be coming
from multiple sources. There‘s a good bit
of work that goes into creating videos, but
once a video is done it can become a
completely passive cash flow source for a
very long time.
I started creating two YouTube channels
from 2003 on fitness and dating niche,
catching up an average of 2 million views
a month, since then the passive income
per month is 7800 usd.
Related post: 10 tips to get 2 million
views per month on your YouTube
channel
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6. 2. START A BLOG AND MAKE MONEY ADSENSE
One of the simplest ways to start
making passive income is to start a blog.
Now, it‘s far from the simplest way to
start making a lot of passive income but
there are a lot of very good options for
how to monetise things. It can also serve
as a platform to launch other,
potentially more profitable ventures.
The hardest thing with a blog is finding
a decent niche. To be really successful,
you need to write about something
you‘re an expert on that isn‘t already too
saturated.
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Useful post: http://www.jobguide247.info/2017/11/33-secrets-to-become-great-
manager.html
7. You can try and start another
travel blog, but every twenty-
something who‘s visited South
East Asia has one; the market is
so saturated that it will be very
difficult for you to stand out and
start making money. Instead, if
you find something you‘re
interested in that is underserved,
you‘re far more likely to be able
to carve out a space. You‘ve a far
greater chance of making money
with a blog for vintage BMW
owners than another generic
Thailand travel guide.
Related posts: 3 steps to create
your first blog with domain
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8. 3. SELL AN EBOOK
Writing and publishing an eBook has
become a widely popular means of
earning passive income in recent
years. eBooks on non-fiction topics
like online marketing, business
development, career advice, and the
like are especially successful. While
fiction eBooks are also good sellers,
the market for them is much more
competitive as compared to non-
fiction ones. Once you‘ve written an
eBook, you can put it up for sale on
platforms like Amazon‘s Kindle
Direct Publishing or Apple‘s iTunes
Connect.
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Useful post: http://www.successsecrets247.com/2017/11/20-secrets-will-change-your-
life.html
9. I started selling the first ebook
from 2016. I hired 3 writers at a
cost of 740 usd then I uploaded
this ebook to Amazon Kindle.
Amazon has a huge customer
base so I do not have to spend
any marketing costs. Currently
this ebook gives me 150 usd per
month.
You do not even need writing
skills to sell ebooks, even if you
can start a business by setting
up a book publishing company.
Related posts: 10 tips to make
money by ebook
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10. 4. BECOME AN AFFILIATE
Affiliate programs pay you in
exchange for sending them
customers via your website, blog,
or social media channels. The
best-known example of a popular
affiliate program is Amazon,
which pays "Associates"
commissions of up to 4 - 10
percent or Clickbank affiliate
network ( commissions of up to30-
75% ).
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Useful post: 18 secrets for success from billionaires
http://www.successsecrets247.com/2017/11/secrets-for-success-from-billionaires.html
11. Here's how it works: Say you
run a food blog where you
showcase your favorite recipes.
People who read your blog are
likely interested in all things
cooking: cookware, cookbooks,
kitchen remodeling — you get
the picture. If you include an
Amazon affiliate link to a mixer
you're using, for example, you'll
earn money any time a visitor
clicks through from your blog
and makes that purchase.
Related posts: 14 tips to make
money by affiliate marketing
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12. 5. CREATE AN ONLINE COURSE.
Everyone is an expert at something.
Why not create an online course
about your passion?
There are a number of ways you can
produce and host your own online
course. One very simple way is to
use a website like Udemy.com.
Udemy as over eight million
students and is a great way to get
your content in front of others for
their consideration.
Once you create an online course, it
can work for you while you sleep!
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Useful post: http://www.jobguide247.info/2017/11/top-32-management-books-of-all-
time.html
13. What do you put in your online
course? Good question. You can add
video lessons, checklists for
completing steps you recommend in
your video lessons, small ebooks to
supplement the lessons, audio files for
people listening while traveling,
informative interviews with like-
minded experts, and a whole bunch
more!
In fact, you can create several
packages at different price points.
Some people will want everything, so
you can include ‗the works' for the
highest price point and then have two
lower price points so that you can
receive the largest possible volume of
orders.
Related posts: 16 Tips on how to make
money on Udemy 13
14. 6. BUY A BLOG.
Thousands of blogs are created every
year, and thousands are either
completely abandoned by their
owners sometime afterward. If you
can buy blogs with a reasonable
amount of web traffic — as well as a
demonstrated cash flow — it could be
a perfect passive income source.
Most blogs employ Google AdSense,
which provides a monthly revenue
stream based on ads that Google
places on the site. There may also be
affiliate programs generating
additional revenue. Both income
sources will be yours once you
purchase the blog. 14
Useful post: http://www.jobguide247.info/2017/11/12-secrets-to-become-super-
communicator.html
15. From a financial perspective, blogs
usually sell for 24 times their
monthly income. So if the site
generates $250 a month in income,
you can likely buy it for no more
than $3,000. Translation: a $3,000
investment will buy you $1,500 per
year in cash flow.
You may even be able to purchase
the site for less than 24 months'
earnings, if the site owner is
particularly anxious to get out.
Some sites have good ―evergreen‖
content that will continue
generating revenue even years after
the site has gone silent.
Related posts: 10 tips to buy a
website on Flippa
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16. 7. RENT OUT UNUSED SPACE WITH AIRBNB.
Airbnb is a concept that has only been
around for a few years, but it has
exploded around the globe. Airbnb
allows people to travel all around the
world and to stay in accommodations
that are a lot less expensive than
traditional hotels. They do this by
staying with participating Airbnb
members who rent out part of their
homes to travelers. By participating in
Airbnb, you can use your residence to
accommodate guests and earn extra
money just for renting out space in your
home.
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Useful post: http://www.SuccessSecrets247.com/2017/03/6-tips-to-become-super-
learner.html
17. Paula Pant, cubicle renegade
AffordAnything.com took a stab at
making extra money renting out
locations exclusively through
Airnbnb. Her Airbnb experiment
netted her an extra $19,000 in
revenue and 1 police visit!
How much you will make will depend
upon the size and condition of your
home and your location. Naturally, if
your home is located in a high cost
city, or close to a popular resort, your
income will be much higher. It's a
way of earning money on space in
your home that might just be sitting
empty otherwise.
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