This is part 2 of our 9 ways to make passive income online so if you haven't seen the previous video CLICK HERE.
And while you watch that...I'll just wait right here.
No really.....go watch.
Ok, so for those and only those that have watched the previous video where I cover the first 3 ways, let's move right into number four.
Books & Ebooks
When I first got into online businesses, one of the first things I did was write. And I wrote a LOT. Sean McCabe of Seanwes.com says "Everything Starts with Writing".
And he is so right.
Once you start writing, just let it flow.
Writing a book or ebook can actually flow out really easily. I myself have written 6 ebooks, and will be creating my first real book this year. I have already written over 15,000 words for it.
And publishing can be quite simple as well.
If it's an ebook, you can just go publish it over on Amazon, The Itunes store, and countless other places. Or you can go over to a place like Smashwords, and they will distribute it all for you.
And if you want to put out a real physical book, Just head over to CreateSpace.
The next thing you could possibly do is create a YouTube channel similar to what I have done here. Now I am no YouTube expert, but I do know building a YouTube audience big enough to make a lot of money on comes from a few key things.
- The market you are in.
I mean, if you are in a market that no one cares about, you are not going to make a ton of money.
- The QUALITY of content you produce.
Quality is always #1 in comparison to quantity. If your videos are garbage, maybe its the content itself, the audio is terrible or whatever....if it sux, no one will want to watch.
- Be Consistent
Uploading good content on a regular basis is extremely important.
- Marketing & Advertising
Letting people know about your videos is extremely important. Most people just upload content and tell all of like 3 people about it. And then only 1 or 2 actually watch them.
You need to spend 80% of your time marketing that content instead of just pumping out more content. You could also think about advertising your content to. Actually spending money to get people on your channel watching your stuff.
Blogging in todays day is a bit different than it used to be. Now I am not going to massively cover it here since I just recently did a post on it and you can just click here and check that post out.
But know this, you can make a TON of money doing blogging....as long as you do it correctly.
Podcasting is another great way to make a good amount of money online. From sponsored episodes to affiliate mareting being done throughout your episodes, there are a ton of ways to make money doing podcasts.
When I was teaching people to trade in the currency market, I had a podcast called "The Supercharge Your Trading Podcast" that was huge. We had more than 2 MILLION downloads in the first year alone.
Now for me, I could have done a ton of sponsorships on my show. But I chose not to. But looking back at all the offers I had, I could have easily made a few hundred thousand placing ads on my show.
This has got to be one of my favorite things ever.
No matter if you have a podcast, or do affiliate marketing, or have a membership, or a blog, or a YouTube channel....whatever you have, you can make money if you build your list.
And no matter what you choose to do of all the various options we have talked about, building your Email Marketing list should be your #1 priority.
I can easily send out one simple email and make tens of thousands of dollars within 24 hours. Even hudnreds of thousands. And like some of my friends, they are doing $1 million or more within 24 hours.
Image for a second, you want to go on a vacation with your family.
Do you just go spend your savings on that vacation? Let's say it's going to cost $35k for the vacation.
How about instead of taking that money out of your pocket....you send out a single email giving a discount on something, and within 24-48 hours, you have made $80k.
NOW you can go on that vacation.
This is how the rich think. They make the money in order to buy whatever it is they want.
And all that can be done through email marketing. THAT'S why it is so important.
The last thing on the list that you could do is start a SAAS company. Now for those that don't know, SAAS stands for, "Software As A Service".
If you have an idea or maybe you are a programmer, you can come up with a software that people pay monthly for.
I look at people like Russell Brunson with him building Clickfunnels.
Or Andy Jenkins for building a software called Kartra.
And think about other ones like Slack for communications or Zoom for webinars.
If you build it, they might come.
So there you have it. 9 ways to make money online with relative ease.
To recap a bit those
- Affiliate Marketing
- Memberships (On own platform or Patreon style)
- Courses (NOT Product Launches)
- Books & eBooks
- Email Marketing
Now if you combine these and mix in some awesome copywriting, marketing and advertising skills, you've got it made.
Thats all I have for you today
So until next time ya'll, remember, you are just one cashflow stream away...from financial freedom.
Take care guys