Top 10 Ways to Earn Passive Income I’m doing it right now!

Top 10 Ways to Earn Passive Income I’m doing it right now!

Free 7-Steps to Online Course Success PDF – http://videoschoolonline.com/

I gives you 10 ways to earn passive income. I’m currently doing it in 5 of the ways, and plan to experiment with the rest over the next few years. Here they are:

Teach Online Courses:

Many of you know that I have a number of online courses that I sell on sites such as Udemy.com, Skillfeed.com, or Skillshare.com. I began in October 2012, and it has been my most successful form of earning passive income. I’ve made tens of thousands of dollars from selling courses. This money has helped pay for a car in cash, go on vacation to the Philippines, pay down student loans, buy an engagement ring, have a wedding, and lots more!

Sell eBooks on Amazon:

I started selling two eBooks on Amazon in October, 2014. One is about Teaching Online courses, and the other is about starting a Freelance Business. Since launching, they continue to sell about 5 copies per day. Averaging an extra $100 per month is amazing!

Start a YouTube channel:

A while back, YouTube started allowing anyone to become a partner and put ads on their videos. I know that you hate having to watch ads on YouTube, but on the other side of those ads is a creator who is trying to make a little bit of extra income through their hard work. I have two channels that bring in some extra dough each month – my Video School Online channel & my Cat Video channel. The cat channel video is making about $6 a month. It’s not a huge amount, but it does pay for a new toy or treat for our dear Zorah each month!
Cat YouTube Channel Earnings

Become an Affiliate:

If you have a website that contains useful information to viewers, you can put affiliate ads on the site. When someone clicks on those links and purchases something, you make a little bit of information. For example, on my resources page, I share some of my favorite resources including ThemeForest (where I purchase web themes from). I love sharing their website because I truly believe in them, and use them. It also helps the viewer out who is wanting to build their own website. And I get a few bucks when someone clicks through that link and buys something. You can become an Affiliate for most websites. Just scroll to the bottom of the website, and in the footer is usually a link for ‘affiliates’ or ‘partners.’

Investing for Retirement:

From a young age, I have always been smart about money. I remember being a teenager and keeping money in an Etrade account and investing in General Electric. This was my first retirement account. Now, I try to put away any extra money (mostly money made passively from the above methods) into retirement accounts and other investment accounts. Now, I’m not a financial advisor, so take everything I say with a grain of salt. But I think it’s really important to start saving now (or as early as possible). If you’re not already saving, it’s too late. Why is this passive income? Investing is literally the easiest way to make passive income. On average, the markets have increased about 7% since the beginning of the stock market. So each year, you can average about 7% returns. Adjusting for inflation, this may be closer to growing your money 3-5%. So if you have $100,000 in savings, you make an extra $7,000 per year. But you don’t have to start there. Start with $100. You’ll make about $7 on an average year. And grow from there.

The next 5 ways include:

Rental Properties

Website Ads

Selling Stock Photography

App Creation

Drop Shipping

Please subscribe to the channel and leave a comment below!

Video School Online: http://www.videoschoolonline.com
Courses: http://www.videoschoolonline.com/course-library/
Twitter: http://www.twitter.com/philebiner
Facebook: http://www.facebook.com/videoschoolonline

0
Like
Save

Comments

Deborah Cook says:

If you want to clear up your monetary troubles, consider generating money online. Simply Google “sizo unique only” and adhere to the easily grasped technique. This zimo unique plan helped me acquire $614.00 a week ago. You will be thankful that this chance emerged…

Joanne Jones says:

If you want to fix your financial difficulties, consider generating income online. Go to Google and look for “sizo unique only”. From then on, you could start following this reader friendly technique. I acquired $614.00 last week soon after using the zimo unique plan. This is an opportunity you must be grateful for.

jettesjettes says:

if this guy knows so much about money then why does it look like he has his grandma's chair, burlap sacks for curtains, and can't even get a decent shirt.  he screams that he is on welfare

Vivian Barber says:

If you`d like and actually need extra money, you will earn a lot online. On Google, key in "sutu good plan" and begin using the easy method. I generated $624.00 the previous week after using the sutu good plan. You’ll be thankful that this opportunity came.

Estelle Hatcher says:

If you want and extremely need extra money, you will make a lot online. Simply Google “sutu good plan” and follow the very easily comprehended technique. I earned $624.00 the past week right after using the sutu good plan. On this opportunity, you’ll be very occupied.

Sally Gravier says:

i have been so much in need of huge amount of money to revitalize my saloon ever since i got divorced. i saw kevin's post on youtube, contacted him and see how true is it making huge amount of money in a business account, i decided to give out my chase business account and thye next 3days i got a huge sum of money, i never believe it is possible until he showed me the impossible. kevin is great guy and a great hacker.
Thank you Kevin.

Robert Aylor says:

Teaching is not passive income.

mcnet says:

you are so fucking stupid

Christopher Berggren says:

Hi Phil, thanks for the well done video. Are the ten methods you present in order of recommended, for those of us who would like to do ALL of them at some stage? Also, what sites do you recommend selling my courses (Udimy, Skill Share, and …) ? Thanks again! Christopher

Ni Yao says:

To the kids expecting free money, Passive Income is a technical term, it means do initial work and have it pay out continuously over a long term. A non-passive income is you asking your boss to give you $100 every month after doing 1 day's worth of work.

seyed ali Shahebrahimi says:

which one is the best and more money?

AK Games says:

thank for the ideo

FREEDOM BELL247 says:

Keep up the good work!

Fata Morgana says:

Hey, thanks for the tips. Could you please share your experience with drop shipping? Which country did you work with?

DUMBTRENDS says:

the closest to passive income in my opinion is buying dividents.

Anthony Cicero says:

You can invest in gold for your portfolio excellent

M Tiits says:

Make incredible 4-6% out of your investment in a week. Free registration https://private.atlanticgam.es/#/sign-up/partner=P09201493339122

Izaac Wopz says:

How about I just make YouTube videos about making money? Eh? Eh? Am I right or am I right? High five!

asmcriminaL says:

I wrote a kindle book last year. It was about weight loss. I have lost 192lbs, I majored in biochemistry and have been educating myself in the field for over 20 years. I know for a fact that most of the books suck compared to mine.

Guess how much I made in the last year with my book? about a dollar.

Nya Vaness says:

so helpful. not just another "list video". I got some rich info from this one. thanks so much!

Maja Tsiaklides says:

What about Network Marketing? 🙂

Ishan siewdath says:

vacation Rentals ,I heard of families will pay $5000 for one week but depends on your market area though

Stockology says:

Hey this video was super easy to listen to! Great vid

David Woutersen says:

Some great tips, although I dont think Property rental counts as passive unless you're using a management company 😉

Write a comment