- What if I told you that passive income
is not a get-rich-quick scheme
and you don't have to go into
shady multilevel marketing,
and that's something that
you are fully capable of
if you're willing to learn a few things
that you don't already know.
It might sound too good to be true,
but if you actually learn how
passive income really works
and how to take advantage of
free tools on the internet,
it's possible to even earn
$100 a day in passive income.
And like I said,
no one makes money in
their sleep overnight.
It doesn't happen.
You're gonna have to put in upfront work.
But the good news is
long after you've done that work,
you can keep profiting
and benefiting from it.
And I'm gonna give you seven proven ways
to make passive income.
And if you work at these long enough,
and if you actually execute
and provide people with some real value,
you could be making up to
a hundred dollars a day
doing almost any of these things.
Now, the thing that I wanna do
before we jump into the video
is I wanna break down to you some math
and show you what happens
when you start separating
how you make your money
from how you spend your time.
Because this is the fundamental lesson
that I think changed my
entire outlook on life
and changed my relationship,
my abusive relationship with money.
So imagine for a minute,
you're getting a really good salary.
Let's say you're getting $15,
an hour as a salary.
You're getting full-time shifts.
You're working 40 hours a week,
and you only get like two weeks off
in an entire year.
You're gonna earn about $30,000
in exchange for that time.
You're giving up a lot of life
in exchange for that $30,000,
but it might be what you
need to do right now.
For a long time,
that was my own situation.
Now, what if we move to passive income
or what I call automated income.
The idea around automated income
and the way that I look at
making money online in passive income is,
how is it that I can
provide that same value
and how is it that somebody
can do that transaction
and get what they want
without me being involved?
So can they get the same value
they're looking for 24/7?
That's a big difference
than only being able to put
in eight hours in a day.
The eight hours in a day
limits how much money we can make.
But with the internet,
we can make transactions happen
on other people's time
whenever they want.
And we can do that 24/7.
So what if I start making
that same $15 an hour,
but now instead of being
limited by the eight hours
that I can work in a day,
five days a week,
it's 24/7, 365.
If I take that same $15
and multiply it by 24/7, 365,
the difference is that you
end up with about $131,400
at the end of the year,
instead of that $30,000.
That's an entire $100,000 gap
when we start learning
how to separate our time
from how we make our money.
I'm not promising that you're gonna make
a hundred thousand dollars a year,
but I am saying
that when you start thinking in this way,
of how can I make sure
that transaction happens?
How can I make it,
so that somebody who wants to pay me money
for some value that I'm exchanging,
how can that happen
24 hours a day, seven days a week?
When you start thinking like that
things go very differently.
And that's why we're gonna
get into these seven ways
for you to make passive income,
and maybe you can start earning
a hundred dollars a day.
Let's jump into the video.
Hey everybody, this is Roberto Blake,
helping you create
something awesome today.
Welcome back to the channel.
And for the new people here,
my name is Roberto Blake.
I'm a creative entrepreneur
and public speaker.
I teach people how to market
their content on the internet,
how to make money online,
and basically I teach you
how to do the things that I'm doing.
So if you're into that,
you probably wanna subscribe.
First way that we're gonna
address making passive income
is going to be the one that's most obvious
to people watching this
channel, YouTube videos.
Now I know what you're thinking,
Roberto, I don't have an audience,
I don't have a following,
and YouTube's not passive.
It takes so much hard work.
You have to film, you have to edit,
you have to do all the things.
You have to write the scripts.
You have to do all of these things.
How that hell is that passive income?
Remember what I said,
automated income, automated income.
The idea here,
and this is what's worked for me,
is that once you get monetized on YouTube
and you start earning ad revenue,
I've done an entire video about this,
you have the ability
to start making money in your sleep
at some point,
if you are making what's
called evergreen content.
Content that is valuable and useful
and good for anybody to watch,
regardless of whether
it's been six months,
a year, two years.
There are videos on this channel
that are years and years old,
that still make me money
every single month,
because people are
searching for those topics.
Whether it's camera reviews,
whether it is something that
is a tutorial for software.
These are evergreen pieces of content,
and I get paid based on how many views
I get on YouTube that
have ads running on them.
So I really think that if you
have the right type of channel
in the right type of niche,
and I've done videos about this,
then you can actually turn YouTube
into a substantial passive income source.
The other thing is that
YouTube videos attract traffic,
whether it's from the YouTube algorithm,
whether it's from Google search.
You know, it does bring people
to a place where they can click on links
that you have in a description.
Primary example, I have
the Amazon affiliate links
for all of my camera gear
that I use for my videos,
all of my microphones,
all of my lighting,
some of the props and
things from my studio setup.
All of that's in my description.
And when people click on that,
I continue to make money.
My own products are in the description.
When people click on that I make money.
So you can see that YouTube
can easily become a method
for you making passive income
by multiple means.
You could probably use the
rest of the list in this video
and put that behind your YouTube channel
and have multiple streams of income.
So the second proven way
to make passive income on the internet,
kind of ties back to
just what I was saying,
Amazon affiliate marketing, specifically.
Now there are different
categories in Amazon
that make you different amounts of money.
And so depending on your niche in Amazon,
is gonna determine how
much money you can make,
and also what's gonna be lucrative
and what is gonna fit for you.
Now, part of how you
can make this passive is
you could do blogging,
or you could do YouTube,
or you could use other social media,
and that would help you.
Some people actually utilize
their Facebook groups
and they benefit from that.
Other people use sites like Pinterest.
I'm an old school guy.
I like to use websites and
blogs and niche microsites,
in addition to YouTube.
And it can be very lucrative.
At my peak,
when I was an Amazon partner,
I was doing over a
thousand dollars a month,
and I wasn't really trying to
specifically focus on this.
But if you did,
there are ways to make it work
and make up to a hundred dollars a day.
Now, if you wanna really practical method
for making money on Amazon,
'cause maybe some of you
haven't even been able to stay
in the Amazon partner program before,
there are free trials in Amazon
for Amazon Prime deliveries,
and then there's also things like Audible.
If you use Audible,
you can tell people
that they can get two free audio books
and they get to keep them,
even if they don't stay signed up.
And guess what?
You get a $5 commission
for every free trial of
Audible through Amazon.
So if you were signing up somehow
through all of your website links
and through all your social media,
if you got 20 people a day to say,
hey, I want two free audio books,
that would be how you would
make a hundred dollars.
This is also something that
I see a lot of people do
in terms of book reviews.
They either do book reviews
through a blog of theirs,
or they do it through social media sites.
Again, some people do it
through Facebook groups
and they have reading
clubs and book clubs,
and they have these open groups.
And it actually works
out really well for them.
The other thing is
once somebody clicks on
that Amazon affiliate link,
anything else that they purchase
ends up being counted
toward your affiliate commission.
And so you can see that
the more content you make,
the more opportunities you have
to make this truly
passive in the long run,
once the content already exist.
And as long as it's something
that people keep wanting to buy.
I think that anything
related to product reviews
is probably one of the best ways
to make passive income that there is,
because people are always
searching out those products
and it doesn't always have
to be the newest thing.
And books, books is the biggest category
there is in the world.
That's why Amazon even exist.
I've done a lot of dedicated
videos on the channel
about affiliate marketing, specifically.
Recently, I even did a video
about the best paying affiliate programs,
the ones that make you the most money,
have the highest commissions.
You probably might wanna check that out.
I'm gonna link to it
here in the Info Card.
I'm also gonna link to it in
the description down below.
I definitely think you
should be checking out
more of those videos.
The third proven way
to make passive income
is gonna be print on demand products.
These can be hats, t-shirts, and hoodies.
These could be posters, mugs.
There's so many different
product categories out there
in terms of prints on demand.
I did make a video talking about
Teespring and selling shirts through that,
and through Shopify,
and just how print on
demand works in general
and whether it's worth your time.
Now, when you use
something like Teespring,
the good news is,
there is no upfront cost.
If you decide to use Shopify and Printful,
then you might have to
invest a little bit of money
at some point there,
but you could do
Teespring completely free.
And that's what a lot of YouTube
content creators are doing.
And also this is a merchandise
selling opportunity
that's gonna be directly
integrated into TikTok soon.
Assuming that TikTok doesn't completely
get banned or shut down.
And so there are opportunities
with print on demand.
And yes, you would have
to build an audience
if you wanna do it for $0.
However, if you decided that you wanted to
really increase the chances
does this, working out for you.
And if you do the math correctly,
you could buy influencer marketing
or you could buy ads in Instagram.
And that could actually
work out really well
as long as you have cool designs
for your merchandise and t-shirts.
On the t-shirts specifically,
the margins are usually
between five and $7 a sale.
On hoodies, it can be
between eight and $12,
just depending on what methods you use
and what materials you source.
And so this could be really profitable.
And you can see how if you
do 10 to 20 sales a day,
then you'd make a hundred dollars.
And you know, it's 24/7,
and typically worldwide.
So don't ignore this opportunity
and think it's impossible.
It just may not happen really quickly.
But I already said it,
there's no overnight success in this.
None of this is get-rich-quick.
If anything, it's get comfortable slow.
So I just wanna tell you that upfront.
Tell you to take this
with a grain of salt.
And again, I'm hoping
that you try some of this
and you at least start making some money
with little or no upfront cost.
If you wanna do it faster,
it's probably gonna require you
to invest a little bit more.
The fourth proven way to
make passive income online
is gonna be another form
of affiliate marketing.
And this one is a very
specific niche category.
It's not gonna be for everyone obviously,
but it's specifically,
is web hosting affiliate marketing.
So web hosting basically comes down to
the idea that you need a
place to put your own website,
and you're willing to
pay for it every month.
So if you wanna start your own website,
your own blog,
your own eCommerce store,
anything like that,
and you typically have
to buy a domain name,
and of course the storage space
and the maintenance and
all of those good things.
Now with the affiliate marketing space,
when it comes to web hosting,
it's actually really lucrative.
For example, if you
wanted to do web hosting,
and let's say you don't want
to have to learn code and HTML
or how to install WordPress,
then Wix is the way to go. So wix.com.
I have a link for that in the description,
if you guys wanna check it out,
or start a free trial.
But here's the good news for me,
and if you decide to
start doing this yourself,
here's the good news for you,
the affiliate program for Wix
does commissions, $100 payouts
for every paid sign up
that does a Wix account.
So in terms of making a
hundred dollars a day,
it's one sale,
it's one sale. That's it.
Now for them to payout,
you have to actually have
$300 sitting in your account,
and then they do payouts.
Just like how with the
YouTube partner program
and the ads,
you have to have at least
a hundred dollars worth,
and then they do a payout
and so on and so forth.
For a lot of these things,
there will be minimum payout thresholds,
usually somewhere between
$20, a hundred dollars,
but sometimes it can be a little higher.
So just kind of look at the fine print
and the terms of service
for everything you get involved with.
But with web hosting,
Wix is a hundred dollar payout.
With Bluehost, I believe it starts at $65,
and so on and so forth.
There are so many web hosting companies.
Some of them even offer
recurring commissions,
if you get into like more
of the eCommerce space.
Another example is,
I have my coaching website.
It's hosted with a platform called Kajabi.
Kajabi is for anyone
who wants to do membership
websites, online courses.
Things we're gonna talk
about here in a little bit.
But the commissions for
the affiliate on that
start at about $44 a month
for the lowest plan.
But that's monthly recurring,
which means by the time that you have,
like, let's say 20, 25 people signed up,
you're making a thousand dollars a month,
every single month,
as long as they stay on the plan.
So you can already see
how web hosting is a really
lucrative opportunity
in the affiliate marketing space.
It's just a very specific one.
And it's not something that
everybody's knowledgeable about.
I understand that.
But for those of you who can learn it
and who have an audience for that,
it's gonna be very profitable for you.
And that kind of ties us
into our last three ways
that are proven to make
passive income online.
Number five is gonna be
selling digital download products.
Now, my friend, Peter McKinnon,
who you're probably familiar with,
he's a massively famous
YouTuber, photographer,
filmmaker, Explorer Extraordinaire,
and he makes some of the best content
on this entire website.
Well, he has an audience full
of content creators like me,
and he sells us some digital downloads.
Whether that is the presets
for his color grading,
for his film and his videos
or presets for his photography,
or just sound effects that
we can use in our videos.
He sells all of these.
And these are between usually 20 and $35.
And they're really accessible.
He does this through a
website called Sellfy,
or is it Sellfy?
I can never figure out the pronunciations.
It's either Sellfy or Sellfy.
I'll link it down below for you.
But it's a very affordable place
to sell standalone products
and digital downloads.
And so this is something
that is very lucrative,
once you build up
anytime type of audience,
whether it's on YouTube,
whether it's through Instagram, Facebook,
or if you wanna drive traffic to this
through online advertising,
or God forbid,
you actually have a
mailing list, you know.
Those things are making a come back,
now that we all know
platforms can just nick!
So I would say that digital downloads
are something that can be very lucrative,
if it's something your
audience has a demand for.
And you know,
this can take more than
just these templates
and these presets and stuff like that.
It can be something like an ebook.
It can be something like a meal plan,
if you're in the fitness place.
There's a lot of people who do this
and they find their own spin
and their own twist on it.
So just kind of keep that in mind.
I did it with my own product.
I have the YouTube Starter Kit
for content creators.
I put together, what was it,
a hundred plus Photoshop files.
We did the 20 best title formulas,
and we did a hundred ideas
to jumpstart your channel.
We put together like all these assets
that me and my team worked on,
and we put it into the
YouTube Starter Kit for $99.
If I get one sale a day on that,
then guess what?
I'm making a hundred dollars
a day in passive income.
So it's very realistic
when you think about this.
Peter, for his products has to do between
three and five sales a day.
Not very difficult with the
size of audience he has.
I have to do one sale a day.
And then with digital downloads,
it's a hundred dollars a day.
And you're also seeing
how you could mix and match and combine
a lot of these different things.
So it's really a practical thing to do.
The sixth proven way to
make passive income online
is going to be having some membership
or subscription based service.
Now, this one is very interesting.
And we're gonna do a
dedicated video on it.
We're not gonna talk
about only fans today,
but I'm sure you guys have
read headlines with that.
And the thing is,
depending on how you go about it,
that kind of thing can be passive.
There's YouTube memberships,
there's Patreon.
But you could do what I did,
but you could just made it
more passive than I have.
You can have your own membership website
with a recurring monthly subscription.
For me, it's the Awesome Creator
Academy Membership group.
And it's not passive in my case.
You could make it passive
by having a library or archive
of training and content.
Instead of being like a course,
it would be something that's
more like a resource bundle.
My friend, Nick Neiman
does this with tuber tools.
His graphic asset bundle
is subscription-based.
I sell mine as a package,
he does a subscription.
And my subscription is a membership,
and we do two live video
trainings every week.
We do a group coaching call once a month.
We have guest instructors
come in once a month.
So mine isn't passive,
but yours could be,
and you could just set up a
subscription model-based thing
of your own.
People do this all the time.
There are also people
who've turned their
YouTube channel memberships
into passive income
by kind of front-loading it
with something their audience would want.
And so it's not an active
exchange of their time.
So it's something that
you could look into.
You just have to figure
out what works for you
and what will people pay for,
and how are you gonna give them the value.
But I do like this,
because it's recurring revenue
that you can rely on every single month,
and that you can predict.
So that's what I think
is actually really powerful about this
compared to some of the other
ways that you could do it.
Now for my membership website,
I of course host that on Kajabi,
along with my digital downloads.
And it also does tie us
into proven passive income
method number seven.
The seventh proven way
that we make passive income online
is through selling online courses.
And I think everyone saw this one coming.
Online courses and info products
are something that a lot
of people are moving into.
And there also is some criticism of them.
And that's fine.
I do understand that
people don't understand
the difference between free
content on the internet
and paid content in the course.
Guess what?
I can make a dedicated video all about it.
I can make a video explaining that one,
if you really want to.
Just get this video to 1500 likes
and I'll make that video for you.
But in all seriousness,
I think that a lot of you
could move into online courses.
Skillshare is a great example of this.
And we've talked about that before.
If you wanna keep all
the revenue for yourself
versus splitting with a platform,
I'm gonna recommend that
you host it yourself.
And for that,
I'm gonna recommend either
Teachable or Kajabi.
I like a Kajabi for its
membership features.
And I think that's very strong there
for those people who wanna do memberships.
Teachable can be very good
for standalone courses.
I have a great relationship with them.
I'm building out a whole different brand
over there next year.
Something that we're
making for freelancers,
that's gonna be really dope.
And so a lot of my
friends, like Pat Flynn,
use this to sell their
own digital courses.
And so when you're in that situation,
you're keeping majority of the profits,
and also you can often create
a really good user experience
because you get to dictate
the look and feel of things
instead of like, Skillshare or Udemy,
where you don't have that control
and where they can change
the rules at any time.
I think as long as you're making
something that people want,
they have a great experience
and they're happy to pay for it,
then that's great.
And that's why I think
that this could be
game-changing for a lot of you.
And I think that if you explore
these different ways of
making passive income
or what I call automated income,
you can finally see something happen
in terms of all of your hard work
and all of your results paying off
when you get better,
and when you get smarter
and when you get faster.
When you trade your time for money,
you're not really rewarded
for being more efficient
and more effective and better at your job.
When you're trading your time for money,
in many cases,
you're punished for it
by just being said,
here you go. Here's more busy work.
Or here, pick up somebody else's slack.
I've been through that.
If you're watching this,
you've probably been through that.
I'm not sitting here
just trying to disparage
the working man or anything.
I'm saying that for many of you,
you don't have a deal that
you're satisfied with,
and there are alternatives,
if you're willing to
work hard enough at them,
and if you're willing to take your time
and do it right.
Question of the day,
which of these seven
methods of passive income
is the most interesting to you
and which one do you want me
to make a dedicated video on?
Let me know in the comments.
Also, by the way,
I have actually made some dedicated videos
on some of these,
and I can go into more detail
or I can make a new one,
but I'm gonna link to a
playlist of my favorite videos
on individual methods for passive income
in the description down below,
if you guys wanna check that out.
Like this video if you like it.
Don't forget to subscribe.
Check out the other awesome
content here on the channel.
As always you, guys,
thanks so very much for watching
and don't forget,
go out there and create
something awesome today.
Take care.
(upbeat music)
