Hello, Beautiful People!
Now, this probably wouldn’t be the first time I’ve left my nine-to-five, even though it has been around six years since I started the job.
Understanding that this was a role that paid monetary compensation only once at the end of a month while also being paid for the loyalty of working years and simply leaving with no further compensation, such was that company. So I was like, what am I going to do wasting my time with such a business?
Therefore, I figured I should invest my time in something that would still create a flow and make money out of it even after I had stopped working on that particular thing. That is precisely what I am going to discuss in today’s article.
Creating Passive Income
One of the concepts that I want to cover, which will also cover around eight or maybe nine more, is the passive income strategies, which earn me above $330,000 in a month.
This is because there is always going to be that sense of appreciation, especially when it comes to the need to earn money without having to do foolproof work, which, in this case, traveling to any corner of the world will be a luxury. Therefore, make sure to complete all parts of this article, as you are sure to come across something that will assist you in transforming your worries about your finances.
Affiliate Income Via Recurring Commissions
Now, jumping straight into one of the first passive income streams that I’m going to talk about that contributed to me being able to earn over $30,000 per month in profit, which is to earn affiliate income via recurring commissions and this might sound like a little bit confusing if you’re entirely new to this concept so let me quickly break it down. Now, when I say affiliate marketing, what this means is that you do not have to own the product; you do not have to build the product.
The way that affiliate marketing works is that you are going to look for products and services that are already available on the web. There are so many different ways that you can get your affiliate link. Most people think this is a kind of illegal business, which is far from the truth, as many big companies have an affiliate system if you care to register with them. Hence, this definitely qualifies as an easy way to make money online.
How Recurring Commissions Work
Passive income certainly ranks high amongst the incentives for why one should not don’t use affiliate programs only within a defined period. A frequent commission program is an affiliate program in which the affiliate advertiser gets several payouts at any time, which is easier said than done.
In other words, when one registers through the provided affiliate link and purchases a specific offered product or service, one does not simply get paid once but will get paid over and over again for as long as the said customer continues to use the offered product or service.
Therefore, I have found ways to be a passive source of income, which in turn brings me money each day in the form Of recurring commissions. It’s no wonder I have so many different affiliate links on several websites. I make money even while I am sleeping because all those links are generating thousands of clicks, and you will be able to do the same thing as well, only that you do not have to use a camera, you do not have to use your voice, and there are countless ways to start affiliate marketing businesses.
If you would like to know how exactly one can get started with this, you can sign up for my free affiliate marketing course, which I’m going to leave down; it’s going to be the first link in the description.
Cryptocurrency As Passive Income
Quickly transitioning to the second passive income stream: cryptocurrencies.
Now, I’m not arguing this way of earning passive income is my favorite, but I’m also not denying the fact that I should have warned you about how volatile the market has been. Well, I do have some funds locked in different crypto coins.
I will not go into details of the meaning of cryptocurrency, but I swear to you that you already have that information at this moment. And to be honest, I am not actively involved in crypto to generate passive income through investments; I only risk a few dozen thousand dollars into a few coins.
Most of those that I have invested in are Solana, Ethereum, Matic, and a few others. Meme coins are not something I choose to invest in as opposed to utility coins, which would go up in value due to their use cases.
Potential Crypto Bull Run
The crypto market has its ups and downs, but it still isn’t that consistent. I am just going out on a limb. I have a feeling that an uptrend is right around the corner as it won’t be too long before this happens – although this isn’t financial advice, instead an insight on what I’ve done research on.
And, of course, I can not simply speak of the fiscal appreciation that comes in the primary way when a crypto coin or other goes up… more so, there are specific ways that one can use their equities in a certain coins to ‘stake’ the investors capitalize in that cryptocurrency and earn some interest.
I don’t want to make this video too complex again. However, if you would like me to do another segment on how you can begin investing in cryptocurrency if you would like to do so, then please type in the comments below the crypto article, and I’ll get on that track.
Investing in Index Funds
However, this brings us to the primary method I employ when investing my money, which is into index funds. And for those of you who are not sure of exactly what an index fund is, it is one of the most passive sources of income earning concept.
The reason for this is that, unlike other funds where every day of monitoring is required, once you put your money into an index fund, you sit and wait for loads of cash every three months.
Of course, there are always going to be dips, and there is always going to be a time when they rise; however, as for me, I love to invest in index funds with a history that has proven to be better than mine. Hence, I do make money on the funds I invest in, plus I do receive money every 3 to 4 months as dividends.
And for those of you who have no clue what an index fund is, it’s simply a pool of various corporations, and once you invest in it, you own fractional equity in all the companies that are part of that fund.
S&P 500 Investment Strategy
The index fund that is widely used among its counterparts and that most are invested in is the S&P 500. The S&P 500 is an index of the 500 largest companies in the United States S&P 500 companies include Microsoft, Apple, PayPal, and Alphabet, also known as Google, among other companies that do very, very well.
As long as one has a sound buying strategy where one buys into the S & P 500, say once every week or at times every two weeks, if one is able to be consistent with it, then this is a good source of passive income—but moving on to one of my following passive earning sources which is made possible with a high yield savings account.
High Yield Savings Accounts
Trust me, there’s no reason for you to keep your money in a standard current bank account, no matter how small or significant the amount is, even if it is a hundred dollars or eleven thousand dollars.
What one needs to do is to open fast access deposits with better interest rates, and there are so many banks that are very competitive at the moment, offering at least 3% to 4% and sometimes 5%, which is very rewarding.
And it means that you literally do not have to budge an inch because once your deposits are in such accounts, you’ll start getting monthly payments of interest, and obviously, the more money you start making, the better it will be.
The Power of Having Money
I was utterly devoid of any funds. I never understood the phrase It takes money to make money. But some people have 20, 30, 40 million plus, and these people are all over the place with cash sitting in different accounts, and because of all this, they do not have to work for their money.
It is as if they’ve become so good at knowing where to invest their money that it works for them. However, I would have better advance to another passive income stream that is helping me to earn over 30, 40, and 50 thousand dollars every month through blog websites.
Making Money with Blog Websites
Currently, apart from this Blog, I am managing one or two other blog sites, and the majority of people opine that blogs are history and do not work.
There is no profit in them, which is absolutely untrue because this is particularly true for anyone building up a Blog webpage; there is a way in which the Blog builds up the Weber as a street light pole with the right design capabilities and then makes money even in your deep slumber is possible and for those of you who’s not really really no what a Blog webpage is Exactly a Blog is basically a page which you are going to create, fill it with blog posts only, and.
So you are not going to sell any products do any e-commerce; it is going to be a website for posting articles with regard to specific subject matter only and such that the more you are able and willing to maintain these various blog article posts the higher within google’s search engine ranks will you be, and when you are able to obtain the ranks for your articles within google.
You also manage to provide a sustained inflow of visitors to your site on a daily basis, so there is no chance that it would be hard to receive money from your site through various means.
The Journey to Passive Income with Blogs
Let me be clear: I am not claiming that passive income will come quickly in the early stages of website construction because if you are a total novice attempting to do this, there is that steep learning tote.
Once you have set up your blog within the website and established a regular pace in terms of the articles you are putting out, that’s when all the different processes of the website can be ‘Outsourced and Automated’ to allow you to relax and earn money.
As this is the case, several strategies can be employed to monetize such websites as this one, with one of the strategies being Google AdSense payments, which, in my opinion, is one of the best ways to make money online passively.
Google AdSense: Website and YouTube
As I just stated, you can do it in two main ways. One of them can be done via the website—the moment you register for the AdSense program, you are automatically allowed to connect your blog or website to your AdSense account. This means that when a person visits your site and views it, if they click on any of the banner advertisements within that site, you will earn some revenue.
Of course, this does not involve shipping out any goods or services or doing anything of the sort. The only thing that you are doing is bringing traffic to your site, and from this, you are going to earn passive income.
Selling Searchable Digital Products
Next up is one of my other income streams, which is entirely passive, through selling searchable digital products.
When you are in the early stages of creating a digital product, there is a stage where you will have to put in some effort to ensure that it meets the required level. This could be long, but this could be really quick, depending on what type of digital product you decide to sell.
However, after you have created the digital product, it will be available online, provided you choose the product very carefully. You are aware that there are numerous potential customers out there looking for it. You will find people looking for your product, and you will not have to send anything because everything will be done automatically and in many different ways.
Speaking of which, there are many ways you can sell a digital product. If a product is created, for example, for teachers, then you may promote it on various marketplaces such as Udemy, and it will be sold through something like Etsy.
Using Teachable for Digital Products
Tons of cash can be made from selling virtually any type of digital goods, and I enjoy doing this with all of them, be it an informative eBook, a video tutorial, a pdf file, or an online course. The only platform I primarily use is teachable.
The essence of it is that If you have put your product on teachable, provided that you have a better than just okay product and generalized all the necessary sections in the back end of your account, practically all the work will be done by teachable toward achieving that product’s position in google so that you can make some sales without having to use any gimmicks to draw in potential buyers or visitors.
Selling digital wares is without a doubt the fastest way for me as a very busy person to make some money from the internet and I have made hundreds of thousands of it passively meaning I don’t have to do much and more videos are coming on how to start selling digital products as a newbie and the best digital products to sell.
So, if you wish to watch that video, then make sure to hit the like button and subscribe down below, as there are more coming up on that topic; you turn on the bell notification so that you won’t miss it once I drop that video.
Newsletter Business for Passive Income
However, this takes me to another method of generating passive income while traveling across the globe: a newsletter business.
So, at this point, I am managing around three different email newsletters, out of which two are fully automated and outsourced such that I do not have to write the emails myself, and even if I did, it is straightforward to do because the emails can be scheduled to go out weeks in advance. Take, for example, the situation of having an email list that has 10,000 or even 30,000 people, and every time you send out an email, that list opens the email.
In this case, it is very advantageous because it gives you the power to address someone straight to the recipient’s phone, most of which are iPhones for email-ready people. This facilitates one’s contact with others and enables the marketing of many products and services, most of which do not belong to the marketer.
The Power of Email Newsletters
Those looking to earn an income online have to encourage the audience to subscribe to an email newsletter, as it is one of the most effective ways to earn money on the World Wide Web.
Of course, different stages go into this, and should you wish to read a previous article that I made where I break down all that you should know as a novice in setting up an email newsletter business, here.
