Hey, there. Great to see you back on my channel.
And today I wanted to talk about the best
six passive income ideas that you can start right now.
I picked this specific passive income ideas either
because they have worked
really great for me or because I know that they're relatively easy to start.
And I've been doing online business for about four years now,
and in the last year, my monthly income varied between about ten and $20,000.
While I was working not more than four hours
a day, I used to work a lot more hours on my online business.
But things have changed in the last year and a half
because I have a small kid in the house and she's not attending a daycare yet,
and that is the whole point of passive income.
You put the effort and money upfront
and then it kind of starts working for you.
So to a significant extent, my income can be considered passive.
But I would love to diversify it even more in the future,
and I would love to add more passive income streams to my list.
Hi, I'm Anastasia, of
AnastasiaBlogger.com, and on this channel, I share my online business tips.
If this sounds interesting to you, then make sure to hit Subscribe
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Now let me make sure
we're on the same page about what do we consider to be passive income?
It means that you first invest more time and effort into it,
or in some cases, you could be investing your money only.
And then at a very low maintenance level,
this income stream keeps bringing you dollars,
and we're not talking about any get rich quick schemes.
We're not claiming here that you can get income without any investment whatsoever.
You either invest your time
or you invest your money, and then it becomes a passive income stream.
So the first way of building passive income that I tried
and it worked for me in a life changing manner is starting a website
or a blog and making money with display advertising on it.
If you watched some of my older videos, you know that I was able to quit my day
job before my blog was one year old.
And that's when I've got my first paycheck from media vine for 14 hundred dollars.
Media Vine is an ad management company
that currently requires a minimum of 50,000 monthly sessions.
This is the amount of traffic
you need to reach before you can apply to this network.
And if you're hearing
about Google AdSense, this is not a smart way
of making money on your website because it pays so much lower
compared to Media, Vine and few other similar premium ad management companies.
I would not recommend you to even start with Google AdSense,
although you can get accepted with a relatively new website
and very small amount of traffic. But it's really not worth it.
You're better off using other monetization methods when your traffic is still low.
I share all the secrets about my top monetization methods in my program
blog your way to tank
and I will give you a link up there and in the description below.
Now, the second way of making passive income is becoming an affiliate marketer
as an affiliate marketer.
You recommend products and services that you tried,
and you can earn a commission if someone makes a purchase
through your affiliate links.
I published a video on my channel
showing how I use affiliate marketing in combination with blogging
and how I made $8,660 in two promotions of just one product.
All the details about how I made money with affiliate marketing
is in one of the modules in my blog monetization course as well.
And I just mentioned that, of course.
But long story short, I consider affiliate marketing
quite a passive income stream because in most cases, you just need to
create content about the product once and then it keeps bringing you commissions.
You can call it your real estate in the digital world.
Some blog posts can rank
high, and Google bring you consistent affiliate commissions for years.
And the same applies to videos on YouTube.
It's not as easy to include your affiliate link in a video
because you typically will use the description section below the video.
And so a lot of users might miss the link and never click on it,
but in a blog post.
Clicking on the link is a much more straightforward process,
but overall, your videos on YouTube can also be an amazing way
to promote any kind of product.
So we're getting to the next platform I highly recommend for building
passive income streams.
It's YouTube so you can start your own YouTube channel.
It might be a more time consuming type of content to create
compared to writing blog posts, but videos on YouTube
take such a big portion of top search results
in Google that you simply cannot ignore this platform anymore.
A lot of people, when they want to learn something
or find a tutorial or watch a product review,
they don't even go to Google Search anymore.
They just go directly to YouTube.
And I'll tell you more.
VIDEO content often converts better because as humans,
we are a social species.
We trust the information more when it comes from a person who we can see
before our very eyes and we don't have the same connection and trust.
When is just a text and you don't see who is behind the screen?
So YouTube is a very powerful search engine, and so it can be used
to build passive income because once you created a video,
if it starts ranking for the focus keywords, you can keep getting traffic
from it for months, if not years, and you don't have to trust me when I see it.
Just look into my analytics on this channel.
I'm looking at the top videos by the number of views,
and these are the top videos in the last month.
See, some videos were published in 2019, and they are still in top five.
The very first video is from March of 2020,
so it's going to be a two year old video in just three months from now.
And as I mentioned, you can use YouTube to promote either your own products
or a few products, but you can also make a passive advertising income on YouTube.
You will be paid through Google AdSense.
Now, how much you will get paid will depend mostly on the main locations
where your audience lives and also on your niche.
Just like with display ads.
On your website on YouTube, you can make more with ads on your channel
if a high percentage of your audience leaves in the United States
and the next passive income idea is very trendy.
It's crypto bots trading.
I just started talking about it on my channel recently
and I went through a training program and I learned that
I don't have to become a day trader to make money on this market.
I don't have to constantly follow the news to see which
cryptocurrency is going up or down, and I don't have to wait forever
trying to guess where is the next market cycle going to end?
Before I start making any kind of profits from my crypto,
you see here, one of my bots made over 22% in profit in just a week,
and all I had to do is just watch carefully the training to understand
all the bot configurations and then set this bot once and sit back
while the bot was doing over 3600 transactions in just a week on my behalf.
These bots are not making profit when you sell the coin.
They make thousands of microtransactions
and take small profits to your crypto exchange account every day.
So even if the coin goes down in price,
there is a certain price range that you set in the bot configuration,
so it will still keep buying and selling, buying and selling .
While the coin is within this price range, if the price goes too low
from where you bought the coin, the bot doesn't lose money.
It just stays inactive until the coin price gets back within the range.
This could be the case for some coin purse when a big market crash happens,
something like what happened in the beginning of December.
What does it mean? Did you lose money on this bots?
Not until you close the bot and sell the coin.
The right way to look at the situation is that on the way down in price, the board
kept buying this coin on the left until the coin bear went out of reach.
So essentially, you've got a lot of this coin on the left at the big discount,
and now you technically are hodling this coin on the left and waiting
until it gets back into the price range that you set for the bot.
Let me emphasize it your positions didn't get liquidated.
You didn't lose the coin on the left to the contrary.
What this board did, it just used all the used that you had
on the right and bought a lot of this coin.
On the left, when you look at it this way, you can see why.
Consider this probably the safest way of doing crypto trading,
because what you're doing essentially when the coin gets into the red zone,
when its price goes down significantly, you're doing
what every investment Worrell would recommend you to do.
You're just buying the dip.
I think it's the safest way
to do crypto trading because you keep all the profits from the bot.
Even if the coin lost something in the price.
So even if you decided to close your bot at the time when your coin on
the left is down in price, your loss is not as big as it could be
if you just hold onto the coin and sold it at a loss
because you already received all the more profit into your exchange account.
While the coin was wiggling and keep in mind
that there is no way to win 100% of times,
not in any kind of investments, even if you buy stocks .
The stock market also can crash and you can also lose some money
or if you invest in your own business and then epidemic hits.
Ask people in tourism
or in a restaurant business, ask them about losing their investments.
So, yes, you can lose money
with any kind of investment, and crypto market is no different here.
But if you use this method of greed more trading when the market goes down,
you will lose less than you might be losing by doing leveraged
trading or even just by HODLing, the cryptocurrency with retreating.
You get to keep the bot profits regardless of the direction where the
the point there goes you can make profits even when the price of the coin is lower
than you bought it.
Now, none of this is financial advice,
but I think the right way of thinking about crypto is long term.
You can expect great returns from this market.
If you are in it for years and you can easily lose your money
if you just buy on the hype
and then sell the very first time when the market goes down
from where you entered, anyway, I made a detailed video review of this
method in another video on my channel, and I will link to it in the info icon.
And you can also go to Anastacia Blogger Dot Com Slash
The Planets, the name of the program,
the training, and I'll give you a link in the description as well.
So you might even be able to catch one of the free trainings
by my crypto mentor Dan Hollings if you follow this link.
The next passive
income idea is selling digital products like ebooks and some others.
Here we're talking about types of digital products like ebooks,
meal plans, audio books, templates, reports and spreadsheets.
If you're in photography, you could sell stock photos or maybe Lightroom presets.
If you're a graphic designer, you could sell Photoshop templates,
PowerPoint templates, printable journals and so on.
Bottom line is what makes all of this types of digital products
a passive income stream is that you need to create them just once
and then if you sell as many.
Is, as you wish, without having to do any extra work in my blogging business
works quite well is meal plans and ebooks.
I don't make a whole lot of money with this method.
Maybe about 200 or $300 per month,
but it's completely passive income stream with a very low maintenance level.
I just get support requests every once in a few months.
If someone didn't put their email correctly during the purchase
and they cannot get the PDF
because of that, and the next best vincom idea is selling online courses.
This is a semi passive income stream because depending on the level of support
that you promised to your students, you might have to dedicate maybe several
hours a week to answer the questions and to help them with any doubts.
It's very rare nowadays to offer courses without any supports for students,
so it's not entirely passive income, but to a very large extent.
It is passive because
you can scale it without adding too much of your working hours.
Let's say you teach how to run Facebook ads.
You can have an hourly rate and teach business owners one on one.
This way, you can work with maybe four or five clients a day.
And if you are booked every day and make full time hours,
you can probably make a good living with this consultancy business.
But how can you scale it beyond your working hours?
Or what have you wanted to work on a few hours a day, for whatever reason?
Maybe you just had a baby, and you simply cannot put in that
many hours into work, but you would like to keep your income at a certain level.
Well, that's when you should start thinking about making
an online course from old information that you know on the topic.
And then instead of spending one in one hours with each client,
you could offer as a part of the student support a Facebook group where members
could ask you questions or if you want to offer a course in a higher price range,
you could add group Zoom calls maybe twice twice a month to support your course.
Members in my business, creating my own online courses started at breakthrough
to the next income level that I couldn't imagine when I started my blog.
It does take time and effort upfront because you have to record video lessons
and you have to market your course.
But again, because it allows you to scale income without putting much more
of your hours into it, I did include it in my least favorite passive income ideas.
The thing with online courses is that you can make one in your area
of expertize, and your initial investment is mostly your time and effort.
So unlike with crypto investments, with this passive income idea,
you don't need to invest your money upfront,
but you will definitely need to invest your effort.
And I have an entire program called stress free courses that can help you
get started in this business and eliminate all the necessary mistakes
and stress from the process of creating and selling your own courses.
I'll give you a link in the description below as well.
And if you want to start your own journey into building passive income streams,
I will leave you a few links to my other videos on this topic here and there.
Thank you for watching, and I'll see you in the next video.