Unless you have more money than you can count you'll more than likely want to
find ways to make more money that doesn't require you putting in endless
amounts of work unfortunately for you there are ways that you can do just that
in this video i'll be sharing with you how to make passive income for beginners
in 2022 and if you're new to the channel then hit the subscribe button below for
more life changing content method number one drop shipping drop shipping has been
a very popular ecommerce model for a few years now and it will continue to be
very lucrative in 2022 and beyond now if you're unfamiliar drop shipping is when
you facilitate the sale of goods through a digital storefront in short you're
connecting buyers and sellers to your platform and are collecting the
difference in profits now some of the main selling points for someone who
wants to make passive income through drop shipping are the following first
starting an e-commerce store through which you can drop ship is rather
inexpensive for less than a hundred dollars you can get an e-commerce store
up and running next there is no overhead unlike your traditional store where you
have to pay rent utilities insurance and the like with drop shipping as long as
you continue to pay to have your store up and running then you're good to go
finally there is no inventory risk involved in this particular business
model you see compared to a selling business like amazon fba where you buy
physical goods and send them to amazon warehouses with drop shipping you only
purchase the item once you've already found an end customer this means that
you don't risk buying a whole bunch of inventory that you won't be able to sell
now as you probably suspected drop shipping is not a perfect business model
and there are three challenges that all drop shippers must face first there's a
challenge of finding a product that people want to buy at the end of the day
your ability to make passive income in this way boils down to how many
customers you have and a big part of how successful you are is finding an
attractive product next there's the challenge of managing the sourcing of
your winning product that you've decided to sell you see an advantage of drop
shipping that i just mentioned is that you avoid having to spend money upfront
on inventory but the downside is that you're always at the whim of your
suppliers if your supplier runs out of inventory or is slow in shipping out
your products then this will dramatically impact the passive income
you're earning finally if you have a great product and a reliable supplier
you still have the task of getting traffic to your store this can be done
organically through seo and content marketing or through paid advertising
regardless of the method you choose to gain customer attention there will be
some upfront time or money that will be required however once you raise your
brand's awareness this business model should allow you to earn a reliable
stream of income now and into the future method number two drop service what if i
told you that you could earn passive income by putting others to work that
would be pretty sweet wouldn't it while this may seem like an obscure concept to
some people when you think about it this is exactly how most all service
businesses work in a for-profit business you have upper management securing
contracts which the lower level staff will complete well you can leverage this
same amazing business model yourself through job servicing at a high level
drop servicing can simply involve selling services to clients hiring
someone else to do the work for said client and pocketing the difference let
me share with you a practical example of how this works so you can get a better
understanding of how you yourself can leverage this business model to start
making passive income in 2022. let's say that you're in the business of setting
up websites for major corporations this would likely involve designing the
website creating copy for said website and of course taking care of the backend
technical aspects of hosting the website now if you were to offer this service as
a sole individual you need expertise in all these areas and would have to do the
work yourself however with drop servicing this isn't the case instead
what you do is hire a web designer a copywriter and a web developer and have
the team of individuals come together to complete the project now i know that
this business model comes off as being rather simple and it is however being
simple isn't the same as being easy the major challenges people run into when
operating a drop servicing business are selling and managing staff as you can
imagine if your sales skills suck then acquiring work that will allow you to
earn passive income is going to be a challenge to say the least fortunately
you can hire a salesperson to acquire contracts for you but this will of
course eat into your bottom line the other challenge you may face is managing
stuff in the example i just gave you'll be responsible for ensuring the work
quality and timeliness of three different individuals if you're working
with reliable individuals then this shouldn't be an issue but this isn't
always the case and as someone who has operated a drop servicing business
before you will inevitably run into challenges to mitigate this particular
issue i recommend you do two things first keep your business simple offering
a service that can be fulfilled by one person gets down how many things can go
wrong second take your time to find good stuff to work with one good worker is
worth a hundred mediocre ones then once you have a reliable team and long-term
contracts in place all the passive income you want will be yours method
number three affiliate marketing in most cases making passive income involves
some sort of selling as you've seen in the prior examples of drop shipping and
drop servicing what you sell doesn't have to be self built and this is
reality that also pertains to the next way you can earn passive income in 2022
which is through affiliate marketing for those unfamiliar with how affiliate
marketing works let me break it down for you the way you earn income as an
affiliate is by driving clicks leads or sales to a third party for instance you
may be working with a company that pays you every time someone signs up for
their service or buys their course well this method of making passive income is
rather simple there are certain methods you must employ for it to be effective
first you need to find ways to drive traffic to your offers for example if
you have a youtube channel or twitter following you can use your platform to
promote other people's products and services to your audience however not
everyone has thousands of dutiful followers so in that case how do you go
about making passive income this way good question the other way to earn
passive income through affiliate marketing without a platform is through
paid ads by running google or facebook ads to the offer you're promoting you
can generate interest and convert viewers into clicks leads or buyers
depending on the structure of your affiliate arrangement obviously for this
method to be successful you must ensure that your ad spend is less than your
affiliate commissions but when you find the right advertising strategy this paid
approach can be very lucrative one key takeaway for those considering starting
affiliate marketing during passive income in 2022 is that you should never
promote a product you don't stand behind especially when you're promoting a
product through a personal brand your audience will judge you based on what
you're promoting so ensure you can proudly stand behind every single
product or service you promote method number four real estate investing
right now real estate is like standing five feet from the sun it's hot and it's
also another tool you can use to earn passive income in 2022 now there are two
primary wares you can start during passive income this year with real
estate and i'll dive into both of them right now the first way you can use real
estate during passive income is to purchase a physical property and use it
to earn rental income this approach can come in many forms for instance you
could decide to buy a home to live in and rent out a room or buy a standalone
investment property that you allow tenants to rent from you on an ongoing
basis the goal of using physical real estate during passive income is to
generate a positive cash flow every month so if you're considering this
option run the numbers to ensure what you can charge and rent is more than
enough to cover your operating costs such as your mortgage your taxes and
repairs now if you don't have the cash to buy a property or simply don't want
to be a landlord then don't worry i've got you covered the other way you can
leverage real estate to make passive income comes through real estate
investment trusts or reits reach your portfolio is a real estate that you can
invest through with platforms like fundrise or crowdstreet as a participant
in a reit whenever the property generates positive cash flow you're
entitled to collect a portion of the proceeds proportional to the amount of
money you've invested the advantages of this form of real estate investing is
that you can avoid the hassle of dealing with tenants and the cost of entry is
low with some reits requiring only a minimum investment of 500 to start
method number five dividend investing whenever you aim to earn passive income
there are two levers you can pull the first is time and the second is money
when it comes to dividend investing your time investment will be minimal but the
financial investment will be large if you aim to collect any meaningful income
in this way you see think a lot of people glamorize the thought of making
dividend income because of how effortless it can be it's true that it
doesn't take much effort to sit back and collect checks every quarter however
amassing the money to enjoy the fruits of your labor will undoubtedly take a
large amount of effort i want to ask you a question how much dividend income do
you think you'd earn from a hundred thousand dollars invested five thousand
dollars a year ten thousand dollars a year reliable dividend stocks tend to
only pay out two to three percent so a couple thousand dollars is all you would
receive from having a hundred thousand dollars invested now just because it's
tough to make a large sum of money from dividend stocks doesn't mean they're not
worth your time it's quite the opposite actually if you haven't started
investing in dividend stocks today 2022 is the best time to start because the
longer you hold your stocks the more they will grow for instance if you
invest ten thousand dollars in dividend stocks this year at a two percent yield
you would collect 200 i know this doesn't seem like much but
with some time it can be if you never invested another cent and receive a
reasonable six percent annual return in 20 years that ten thousand dollars would
be worth over 30 000 and would allow you to collect 600 a
year in dividends this means not only will your dividend checks become bigger
over time but the value of your portfolio will grow as well which is a
win-win situation if you ask me therefore will dividend investing make
you rich the second you start no however over time it can be one of the most
effective methods of wealth generation so start now and your future self will
thank you thanks for watching if you want to go from the life you have to the
life you deserve then hit the subscribe button now