- There are many ways you can earn passive income.
You can do this for almost any industry,
and I'm going to show you how.
Hi, everyone.
I'm Neil Patel and today I'm going to break down
how I earn passive income every day with SEO
and you can too.
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The first way is tools.
A great example of this is Ubersuggest.
Ubersuggest is a free SEO tool.
You can check it out at neilpatel.com/ubersuggest.
And Ubersuggest will tell you your SEO errors,
it'll tell you things that are wrong with your site.
Now, of course if I want the company
to continually grow and be big, which we do,
I have to have developers, engineers, product people,
and the list goes on and on and on.
But, if I just wanted some side passive income,
I could charge a monthly fee for the tool
and not put a ton of resources
and collect the checks.
You wouldn't build a big business that way,
but you can have a passive lifestyle.
And software's one of the best ways to do so.
If you don't have the ability
to pay someone to build software,
you can go look at sites like MicroAcquire,
where you can buy existing software solutions
that, and some of them run on autopilot,
capture them, buy them, and just cash your checks.
Or you can use sites like CodeCanyon,
where you can buy some of these existing tools.
You're going to have to modify and make them better,
eventually add a way where you can collect
payment options from them,
and again, you know, collect your passive income.
Well, I've found that one of my favorite strategies
out of everything is the MicroAcquire approach
in which you go and you find some tools
that are sell for really cheap,
you buy them, and you just collect your passive checks.
And what's crazy about MicroAcquire
is they have a deal with this company called Capchase,
which allows you to buy the company,
you don't really have to put any money out of your pocket.
It's financed through them.
And in essence, that passive income's paying for the tool,
and then eventually once it's paid off, you own it
and you're collecting the passive income.
It's amazing strategy.
The second way is courses.
I used to have a program called
The Advanced Marketing Program.
And The Advanced Marketing Program
was this 48-week module course
that teaches you all aspects of marketing,
SEO, pay-per-click, conversion optimization,
and the list goes on and on.
I don't really sell The Advanced Marketing Program anymore,
nor can you buy it, it's not available.
But if I wanted to, I could keep selling it.
During the peak, The Advanced Marketing Program
was doing around $600,000 a month.
Let me repeat that.
It was doing around $600,000 a month.
Now, my course wasn't as passive as most people
probably would like.
I was putting a lot of effort, running ads.
I was literally putting in so much effort
refreshing and revising my old content,
making it better, selling higher ticket items.
But what you can do is use a platform like Kajabi
and, you know, set up a course.
Once your course is up and running,
you can just start driving traffic through Facebook ads.
Or, this one's even easier, go find the online course sites
like the Udemys or Courseras or whatever ones
that allow you to upload your own course,
that already have the audience.
They take a cut and even if you're getting a smaller check,
you don't have to do anything.
You just had to create the content. It lives on there.
Just undercut everyone in price, create a handful of them,
and it's actually not that hard
to generate a few thousand to $5,000 a month
just doing that.
That's a great way to generate passive income.
Broke down two strategies for you.
I recommend that you check them out.
These course sites,
they already do well through SEO
and they rank for a lot of stuff
so that drives traffic.
Tools, they rank really well on Google and generate links
so over time you can get more and more traffic.
But that's what I would do if I were you.
In essence, they're a indirect way of using SEO
to drive some traffic,
but it does really well.
And you can reach out to other people
already have rankings and articles
that talk about tools or courses,
ask them to include yours.
It'll drive more sales to you.
It's well worth it.
If you're not leveraging passive income
and you want more flexibility
with your lifestyle and traveling,
I highly recommend that you check these strategies out.
If you enjoy the video, like it, share it.
I know it was a little bit short,
but I didn't want to give you 10 ways
when I know there's two amazing ways that I've loved,
that I recommend to everyone check out.
Thank you for watching.