Learning how to create a passive income for yourself is going to be the one skill you’re going to want to learn to create financial freedom for yourself. So in this post I’m going to take you through top 5 passive income ideas you gonna want to look into. But you’re really gonna want to look into in 2019. These passive income streams are used widely and I have used some of them myself while working online to create a passive income online. So, I’m going to take you through each one step by step.
So if you want to learn how to make passive income in 2019 you definitely want to jump into this post and before we jump in make sure you hit the subscribe link and get instant access to 4 day training.You don’t know where to start or what to do? Get Instant Access to 4 Day Training for FREE! And learn how to make money online.
Passive Income Ideas: Selling a Course Online
At present selling a course online is a very very lucrative business model, enrich becomes really passive.
How much money can you make? Well you can make a lot, so this is called the 2 comma Club. These people have made over a million dollars with one sales funnel, so there’s a lot of money to be earned with online courses and it does become very passive. But what’s more important is to figure out what can you do to help people. If you have an idea, create a course and sell it. For selling I would recommend you Udemy. This is a platform where you can upload your own course and you can sell it for a price you want. They do take caps which kind of sucks, but what they do is they actually advertise the course for you on Facebook so they actually do a lot of work.
I recommend, when you’re starting, is to build a tribe and one of the best ways to do this is by using Facebook groups and putting the word out of the course. Then you can go and promote your courses to these people, give them value and they will usually buy your stuff in return. If you give them lots of value. So, selling a course online will make you a lot of money.
Passive Income Ideas: Affiliate Marketing
Affiliate marketing is probably the best (in my opinion) even over selling your own courses. Because it is a lot more hands-off. You don’t have to do pretty much (after process setup) anything to make money and especially passive money in this particular income stream. So, what is the best way to do this as a beginner? The best way to do this as a beginner is create a niche website or blog and write an article. For example, I have written email automation post. Here I compare two of the top email marketing platforms on line.
So, I will get a 30% every single month if someone subscribe through my affiliate link. This is probably the best income stream online, I love it. Article gets traffic, people go down and they click on links and then I get a commission. If you interested in affiliate marketing, read this post. I explain how to become a super affiliate.Learn, How To Start Your Own Online Business! Get Instant Access to 4 Day Training for FREE!
Passive Income Ideas: Stock Market
Stock market is one of my favorites but you have to do this properly.
First of all, I just want you know that a lot of people will tell you to invest in the housing market if you want to make passive income. Well, in the last 12 months in Australia (in your country result may be different) there was a study which showed that the stock market made more profits for their investors than the housing market. The housing market is always used as a foolproof investment for the long-term.
However, there’s other options which will help you make your money faster. There are better ways to make passive income.
So, every country will have a top 50 or a top 100 companies in which you want to invest. It’s like a safe way of doing it, because if one goes down you still get 49 companies that you have invested in. So, in your country you should have an application or a website or through your bank (I invest through Swedbank) where you can invest. This is a low blow to medium risk.
Passive Income Ideas: Peer-to-Peer Lending
Peer-to-peer lending fills a void in the marketplace and is a natural extension of the sharing economy. It brings investors and business people together to create a mutually beneficial arrangement without extensive red tape, which amounts to a win-win for both parties.
In addition to Bondora review I have explained how to create a €5000 portfolio in a year using Bondora’s secondary market.
Another Good Idea: YouTube Videos
Another one of my favorite income streams is YouTube videos. Did you know YouTube is the number two search engine behind Google?
These are probably the best for beginners because you don’t need or invest any money. You can start doing a video right now by using YouTube as a traffic source number one. Use your YouTube channel to sell a course. Or to sell an affiliate product.
You’re going to get an ad revenue from it as well. However, at present it’s not going to be a lot but it depends on a channel. For example, a 6-year-old boy is one of the top ten biggest YouTube stars in the world having earned $11 million last year.
Thanks for reading through this entire post. Let me know what you think in the comments. Next year, I’ll aim to expand the list even further. If you have any additional don’t hesitate to ask contact me. Make sure to subscribe and get instant access to 4 day passive income training for free + extra bonuses!
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What passive income ideas are your favorite in this year?