hey guys this video is going to be
teaching you about passive income so
what is passive income for this video we
mean a cash flow that gets deposited
into your bank account PayPal or check
that you get every month or week or
whatever without having to do much after
that you set up the system you have to
understand that it's not a sign up here
and get $500 into account every month
it's a put the work in now by leveraging
your time knowledge and resources to
earn freedom later so for example I
spent probably an entire day working on
the most viewed video on my channel and
that video has earned me over $10,000
since it was posted so you could say I
made my time worth around $1000 an hour
and each day that number goes up there
are many reasons to search and work for
passive income but most of it is for
freedom in the future the point I'm
trying to get across is that you're
going to have to put in at least some
work in the beginning to put it into
perspective
I earned roughly a quarter an hour of my
time for the first eight months of
practical psychology but last month I
didn't work at all and I still got a
paycheck I'll show you how much I earned
later on in the video now you must
understand the major difference between
two types of content the first is called
skyscraper and that is because the
traffic the interest and also the money
graph look like a skyscraper a whole
bunch of views and traffic and money for
a couple days and then it dies down to
just a couple pennies an example of
skyscraper content would be the
presidential inauguration in 2017 it's
not going to be something someone is
searching for 30 to 40 years from now as
much as they're going to be searching
how to get more Instagram followers how
to make more money or how do mosquitoes
mate people will be asking questions
like that for ages the second type of
content is called evergreen and just
like the tree it stays fresh and
valuable all year long for example my
how to get more YouTube subscribers
videos will get views and add value to
lives for at least the next five years
while my friends video of him doing a
rare bottle flip won't just like the
Harlem shake died down so will bottle
flips and the next trends now you can
make money with these kinds of trends
but you have to be able to predict them
and the downside is that the income
won't be sustainable it'll be a lump sum
evergreen content on the other hand
brings you in money every day every
every year for the rest of your life
I'll talk a little bit on how to create
evergreen content in a minute but if you
want to know everything I know about it
check out my ebook on Amazon so I
recently wrote a Kindle eBook and
published it on Amazon the first chapter
is my failures and successes everything
I've learned since I've tried to make
money online from the young age of 13
years old my failed websites and the
trade - the ones that were successful
also what I learned from my first
profitable youtube channel and it still
earns me $60 a month and how I scaled it
up to this channel you'll also learn how
much I make through different ad
platforms and affiliate services and how
I got free stuff by emailing companies
about influence or marketing yeah I'll
be telling you my numbers from different
companies and show you how you can do
the same in this ebook you'll also learn
about my YouTube algorithm tax I'll give
you a short version of the best in a
couple minutes but I have a video
dedicated to that in the playlist now
here's how to get the e-book go to
Amazon and search passive income and
find this ebook it's written by a
practical psychology so that's how you
know it's mine to add to the merit of
what I've earned I want to prove that
I've earned over four thousand dollars
in March and got over 60,000 subscribers
and I didn't do anything to the channel
in reality I was working really hard to
have more uploads in April but in March
I didn't upload a single video
I hardly replied to any of the comments
I did read them but I didn't really do
much input and my output stayed the same
now like I said in reality I was working
hard to have more uploads in April but I
easily could have been on a beach in Rio
like Charlie from charisma on command so
another thing I want to talk about is 10
viscom now this is a website where the
creator his name is Luke Minh Khan
create an Amazon affiliate site and has
earned over five thousand dollars in the
first four months and over forty
thousand dollars in eight months so I
figured I'd share his story here with
you guys and show what's actually
possible now the website is a list
website where people search for terms
like best wireless router or best
wireless router 2017 and click on his
site then when they click on his site
they get a picture of a whole bunch of
different routers and when they click on
that picture then they're sent to the
Amazon Web site so basically he is an
affiliate marketer the trick here is to
get your website to the top of search
engines for high-volume search terms
like best wireless router you know how
many people search that a year how many
people search that a day I bet he gets
tons of traffic
now this is where my analytical nature
gets kind of horny and I have to sort
through a whole bunch of data to find
how I can simplify it and tell you guys
what you guys need to know basically he
wrote articles that were at least three
four five thousand words long so it's
super long content along with getting
amazing backlinks from high authority
websites and educational websites he
actually hosted a $1000 scholarship and
sent an email to a ton of universities
and colleges to get a lot of dot edu
which stands for educational websites to
link to his scholarship page which was
hosted on his ten Beast page well google
loves it when an educational website
links to your site and eventually his
website was viewed as very valuable in
Google's eyes so this scholarship method
was a great idea
along with getting backlinks from
BuzzFeed lifehack and reviews org so try
to post content that is super long and
has references from other websites and
that will get you to the top of search
engines but that's not all
Google also likes it when users stay on
a website do they stay for 30 seconds or
do they read the full article for eight
minutes they also love it when a user
shares an article or page Facebook
Twitter Google+ Pinterest pins all of
these are trackable and Google uses them
in the e-book I wrote I will teach you
how to set up a simple WordPress website
along with a few more SEO tips and
tricks to boost your rankings now
another person in the passive income
field to look up to is Pat Flynn with
his smart passive income website through
a whole bunch of his channels and stuff
that he does websites audiobooks
podcasts he has made over 103 thousand
dollars in February 2017 and he
documented most of it with his niche and
authority websites so he knows a ton
about SEO and affiliate marketing and
actually has a website and podcast
dedicated to teaching you so I'm not
going to talk much more about this you
can go to him or there's other websites
you can go out to there's actually an
interview with him in the playlist I
recommend watching it to learn some of
the stuff that he has to teach anyway
we've been on this topic for too long so
let's talk a little bit about YouTube
now I'm going to give you some of the
best YouTube tips I currently know
without wasting much of your time
because if you want to know everything I
know go watch the over 10 minute long
algorithm video in the playlist that I
made or read the detailed chapter in my
eBook
so the first tip is to make better
titles and thumbnails make them actually
want to be clipped on
take a look at these two channels which
one would you watch more of if you have
to split test some thumbnails and titles
with your friends show them two or three
pictures or two or three titles and say
which one would you click on first
eventually you'll get the hang of
creating clickbait images that are still
relevant
now clickbait is okay you have to create
a thumbnail that grabs attention in the
super noisy world but what's not okay is
misleading people understand the
difference and execute another tip is
watch length is better than percentage
now it took me a while to learn this but
let's say I have two YouTube videos the
first one is five minutes long and the
other is fifty minutes long which one
does YouTube like better well it really
depends on how much the average person
watches if the first person watches an
average of five minutes leading to a
total of a hundred percent of the video
viewed it will not do as well as the
second video where the average viewer
watches an average of ten minutes even
though the percentage of the video
watched is only twenty percent the
second video held a viewers attention
for twice the time and that's what
YouTube really cares about it's the
total time not the percentage another
little tip I recently found out is to
send them to a great Channel you'll know
that they will binge watch and subscribe
now your video will get the points for
this but it also will not get a session
in penalty now one of my best videos
earned over three million views in a
week simply because I recommended people
to go watch improvement pill and other
videos on his channel now this guy has
some amazing content he just didn't have
an audience and what I did is I sent
people to his channel they binge watched
a whole bunch of his video subscribed
and and YouTube size that video the one
that I sent them from look like a very
profitable video in youtube size so they
promoted it and recommended now to learn
more about this and session penalties
check out Derral Eve's hour-long video
on channel growth in a playlist also I
recently found out you can make semi
passive income through Instagram just
get up to around a hundred thousand
followers and then you can do shoutouts
for other people and they will pay you
each shoutout could be from five dollars
to a hundred dollars some people do five
hundred dollar shoutouts actually a
friend of mine earns over five thousand
dollars each month just by managing an
account that has over 1.5 million
followers now first I might seem like a
lot of people like Wow one and a half
million people but for a college student
thousand dollars is a lot of money and
it's worth the initial time he actually
did this in under a year he started by
spending some money on other accounts
asking them to give him a shout-out but
eventually he had enough of his own
following that he started returning the
favors he started getting money to give
people shoutouts now every once in a
while he'll give me a shout-out because
I helped him with some of his YouTube
videos and every time he shouts me out
he gives me a little hey go check out
this guy's profiles pretty cool I get at
least 500 new Instagram followers
shoutouts are the way to gain followers
and to make money improvement pill
actually had an interview with this guy
and his process so I'll put that in the
playlist also now we are on to the list
of 10 income generating asset ideas that
you can set up now for a steady cash
flow in the future keep in mind all of
these are basic ideas and you have to
add your own twist to them to make them
stand out and for most of these it will
help if you already have a following a
group of people who are dedicated to the
content that you make and I explain how
to do this in the e-book the last two
chapters are how to get a following and
how to monetize a following either way
as long as you are creating evergreen
content that is worth reading watching
or signing up you will grow your
following so the first one is affiliate
marketing now this would be like Amazon
Clickbank Commission Junction there's a
whole bunch of them out there basically
you send someone somewhere else to pay
for something and you get a commission
of that from 3% to 7% I've seen all the
way up to 80% it's pretty easy you just
have to recommend great products that
will sell themselves that's the trick
number two is digital products so I
experimented a little bit with this on
sulphite you can actually make money by
selling high-quality backgrounds
templates songs some people are actually
willing to pay $20 to get my background
music isn't that pretty awesome if I
could do that a hundred times there's
two grand right there tip number three
is YouTube views now YouTube views takes
a little bit of setup and the algorithm
is a little you have to understand it
for this to work but there will always
be that knowledge curve in order to make
passive income you have to know a little
bit about the situation that you're
going to be putting yourself in for
YouTube you could go into gaming for
evergreen content on gaming people don't
watch gaming for the games for evergreen
content they watch for the personality
of the guy that is playing the game or
girl that is playing the games other
YouTube videos would be how to
these are usually ever evergreen you
know how to replace a tire on this car
how to change oil how to tie a tie
also makeup makeup is pretty evergreen
but most of these are also already
saturated so you have to find a niche
that is not already saturated and fill
that fill that gap where people are
searching for stuff but there isn't much
content idea number four is website ad
revenue now you can set up a WordPress
website I explain how to in the e-book
and fill it with banner ads or Adsense
or affiliate links tip number five is a
book so that you can sell on Kindle I'm
actually going to report how much I have
earned from this ebook in the future and
if you want to give back to me for any
of the videos that I've ever been
helpful to you I recommend to buy this
ebook this is the best way that you can
give back to me and leave a review
because I am super interested in the
review of something that I have written
I have never written an e-book like this
before
and I would love reviews they helped me
out so much know where I can improve
what I shouldn't do and where I can go
from the future to make better content
for you guys number six is Instagram
shoutouts so we mentioned this before
and there's actually a lot more to it so
I recommend you watching that video in
the playlist number seven is a social
media agency now this is semi passive
because you still have to produce
content for other companies but
basically you do Facebook ads for local
companies as long as you know how to do
it right you can become a Thai Lopez
minion and sign up for his course now I
dog on him but he really does have a lot
of great advice just not everyone will
be able to become a social media agency
gazillionaire tip number eight is
subscription box service now this one is
a little bit you have to take some time
to set it up you will have to hire
people or set up drop shipping there's a
little bit more legal stuff in here
because you're actually paying for a
service or a product and I'll explain a
little bit more of this in my book
number nine is online courses on udemy
or other various sign up for a course
website basically you spend a weekend
creating how to play a guitar or how to
make youtube videos or how to solve a
Rubik's Cube and then you put it on you
to me people pay for that $20 $30 $100
and every time they pay for that you get
a percentage now it only took that
weekend to do it and but for the rest of
your life you will be making money now
the last one is patreon and patreon
works best if your content isn't very
monetizable but you have a large or a
very dedicated small fan base that is
willing to give you money so
you can keep creating the content that
you are creating also if you want
another 10 ideas check out this video by
Roberto Blake about passive income
online don't forget to search passive
income on Amazon and buy my book and
then leave a review of it if it was
helpful because reviews are super
helpful to me and future readers it's
the only way that I can improve also
since you've watched this whole video I
want to reward the first 20 people who
buy the book and forward their receipt
to practical psychology tips at
gmail.com they will get a $20 Amazon
gift card and the 21st person will
receive a $100 Amazon gift card thank
you guys so much for all the support I
hope I added value to your life in this
video in my other videos and subscribe
if you want more