The HIGHEST PAYING Passive Income Idea for Women TODAY (Why is this still a secret?🤔)
Summary
TLDRVanessa, a former Corporate Finance professional turned Certified Financial educator, introduces seven unique passive income ideas for women, including licensing, digital product sales on Etsy, real estate investment trusts (REITs), domain flipping, creating and selling ebooks, dividend investing, and peer-to-peer lending. She emphasizes the potential for recurring revenue and wealth building without the need for constant active involvement, encouraging women to explore these avenues for financial independence in the digital age.
Takeaways
- 😀 The video discusses seven passive income ideas for women, with a focus on those not commonly discussed elsewhere.
- 📝 Idea number one is licensing, where one can trademark a unique brand idea and earn licensing fees from its use by others.
- 🦄 The example given for licensing involves creating a 'Afro Unicorn' theme, which is a niche market that can attract licensing deals with large companies.
- 🛍️ The second idea is selling digital products on platforms like Etsy, which can generate recurring revenue with minimal ongoing effort.
- 📈 The third idea is investing in Real Estate Investment Trusts (REITs), which allow for passive income through dividends from rental properties without the need for direct property management.
- 🏠 REITs are accessible to a wide range of investors, with some starting investments as low as $200, and they are required by law to distribute 90% of their rental income to investors.
- 💡 The fourth idea is domain flipping, where one can buy and sell domain names that are predicted to become popular in the future.
- 📚 The fifth idea is creating and selling an ebook on a topic one is knowledgeable about, which can be a one-time creation leading to passive income.
- 💰 The sixth idea is dividend investing, which involves investing in stocks that provide regular dividend payouts.
- 📈 The seventh and final idea is peer-to-peer lending, where one can lend money to others through a platform and earn interest income.
- 🔑 The video emphasizes the importance of investing in income-producing assets and the potential for generating wealth through these passive income streams.
Q & A
What is the main topic of the video?
-The main topic of the video is about sharing seven passive income stream ideas for women, which are not commonly discussed.
Who is Vanessa and what role does she play in the video?
-Vanessa is the presenter of the video, an EX-Corporate Finance professional and a Certified Financial educator who helps women achieve financial independence.
What is the first passive income idea presented by Vanessa?
-The first passive income idea is licensing, where one can trademark a unique brand idea and earn licensing fees when others want to use it.
Can you explain the concept of 'afro unicorn' mentioned in the script?
-The 'afro unicorn' concept is an example given to illustrate the idea of finding a gap in the market and creating a unique brand around it, which can then be trademarked for licensing purposes.
What is the second passive income idea discussed in the video?
-The second idea is selling digital products, specifically on platforms like Etsy, where one can create a digital planner and sell it repeatedly without the need for further creation.
How does the speaker describe the potential of digital products on Etsy?
-The speaker describes it as a gold mine with potential for generating recurring revenue passively, using the example of a digital planner that has been reviewed by thousands of customers.
What is the significance of the third passive income idea, REITs?
-REITs, or Real Estate Investment Trusts, are significant because they allow investors to access the real estate market with a small initial investment and earn passive income through dividends.
What is domain flipping and how does it work?
-Domain flipping is the process of buying potentially popular domain names and selling them for a profit. It involves identifying catchy or trending names, purchasing the domain, and then selling it at a higher price on auction sites.
What is an eBook and how can it be a source of passive income?
-An eBook is a digital book that can be created and sold online. It can be a source of passive income if the creator has expertise in a specific area and can compile that knowledge into a book that sells repeatedly without further effort.
What is dividend investing and how does it generate passive income?
-Dividend investing involves buying stocks or shares that pay out dividends. The passive income is generated through the dividends received from these investments, which are typically paid out regularly by the companies.
What is peer-to-peer lending and how does it work?
-Peer-to-peer lending is a method where individuals lend money to others through an online platform. The income earned from this is interest income, which is the return on the money lent out.
What is Skillshare and how is it related to the video?
-Skillshare is an online learning platform offering thousands of classes on various topics. It is related to the video as the presenter mentions it as a resource for learning how to succeed in areas like Etsy store management, which is part of the digital product passive income idea.
How does the presenter encourage viewers to engage with the video?
-The presenter encourages viewers to like the video, subscribe to the channel, and hit the bell button to stay updated with new content, indicating a desire for viewer engagement and support.
Outlines
🔑 Leveraging Unused Business Names for Passive Income
Vanessa, a former corporate finance professional turned Certified Financial Educator, introduces her channel's focus on helping women achieve financial independence. In this video, she presents seven unique passive income ideas for women, emphasizing the importance of not missing the third idea. The first idea involves licensing, a lesser-known method where one can trademark a business name or brand and earn royalties when others use it, as illustrated by the example of 'Afro Unicorns'. Vanessa explains the process of identifying a popular theme, finding a market gap, and then trademarking the concept for potential licensing fees.
📚 Selling Digital Products on Etsy as a Passive Income Stream
The second passive income idea discussed is selling digital products, specifically on Etsy. Vanessa dispels misconceptions about the platform's viability and highlights the potential for passive income through digital planners, which can be created once and sold multiple times. She emphasizes the importance of strategy and knowledge in achieving success on Etsy, mentioning her past experience and the availability of educational resources like Skillshare classes, which she recommends for comprehensive learning. Skillshare sponsors the video, offering the first 500 viewers free access for a month.
🏢 Real Estate Investment Trusts (REITs) as a Gateway to Passive Income
Vanessa introduces REITs as an accessible and traditional form of passive income, debunking the myth that real estate investment is exclusive to the wealthy. She explains that REITs allow individuals to invest in real estate with minimal capital, receiving dividends from rental income generated by properties owned by the trusts. By pooling resources, REITs enable investors to earn a share of rental payments without the responsibilities of property management. Vanessa shares her personal experience with REITs and encourages viewers to consider this liquid and recurring income source, mentioning the legal requirement for REITs to distribute 90% of their income to investors.
💡 Domain Flipping: Turning Creative Ideas into Passive Income
The fourth idea presented is domain flipping, where one can capitalize on their knack for creating catchy business names. Vanessa explains the process of buying a domain name that has potential to become popular and then selling it for a profit. She provides the example of 'Millennial Money' and how it received an offer of $45,000, highlighting the potential for significant returns on investment. She suggests using platforms like Google Domains for purchasing and GoDaddy for selling, noting the importance of choosing names that resonate with broad market interests.
📖 Creating and Selling Ebooks as a Passive Income Source
For those with expertise in a specific field, Vanessa suggests creating an ebook and selling it online as a means of generating passive income. She acknowledges the common advice to create ebooks but emphasizes the need for a clear strategy on how to monetize them effectively. Vanessa refers viewers to a previous video where she detailed the process of creating and selling ebooks, providing actionable steps to turn knowledge into income.
💰 Dividend Investing: Earning Passive Income from Stocks
As one of Vanessa's personal favorite passive income streams, dividend investing involves investing in stocks that provide regular dividend payouts. She describes it as a way to earn money by simply holding onto shares that pay out dividends, which are then deposited into one's bank account. Vanessa offers to provide more information on this topic through a linked video, encouraging viewers to explore this method of earning passive income.
🏦 Peer-to-Peer Lending for Interest Income
The final passive income idea Vanessa presents is peer-to-peer lending, where one can lend money through a platform and earn interest on the loan. She outlines the process as a way to generate income by putting money upfront, similar to REITs, and distinguishes it from methods that require time investment upfront, like creating ebooks or digital products. Vanessa considers making a separate video to delve deeper into this topic and encourages viewers to express their interest in the comments.
Mindmap
Keywords
💡Passive Income
💡Licensing
💡Digital Product
💡Etsy
💡Skillshare
💡REITs (Real Estate Investment Trusts)
💡Domain Flipping
💡Ebook
💡Dividend Investing
💡P2P Lending
💡Corporate Finance
Highlights
The video introduces seven passive income stream ideas for women that are not commonly discussed.
Number three on the list is a unique idea that offers recurring revenue and helps build wealth.
Licensing is a passive income method where one can trademark a brand idea and earn from its use by others.
The example of 'Afro Unicorn' demonstrates how to find a market gap and trademark a popular theme.
Selling digital products on Etsy is a legitimate way to earn passive income with minimal upfront effort.
Creating a digital planner and selling it on Etsy as a one-time creation with recurring revenue is highlighted.
Skillshare is recommended for learning how to succeed on Etsy with a comprehensive class.
Real Estate Investment Trusts (REITs) are presented as an accessible way to invest in real estate with minimal capital.
REITs offer passive income through dividends and are liquid investments, unlike traditional property rentals.
Domain flipping is a method of generating passive income by buying and selling domain names with potential.
The potential to sell a well-named domain for thousands of dollars is exemplified with 'Millennial Money'.
Creating an eBook on a topic of expertise and selling it online is a way to earn passive income.
A link to a video on how to create and monetize an eBook is promised to guide viewers on this passive income method.
Dividend investing is a passive income stream where one earns dividends from stocks and shares.
Peer-to-peer lending is introduced as a way to earn interest income by lending money through a platform.
The video suggests creating a separate video detailing different ways to earn passive income by investing money upfront.
The video emphasizes the importance of investing in income-producing assets to achieve financial independence.
Transcripts
if you're someone who just keeps coming
up with different ideas but you don't
want to build businesses around all the
ideas you come up with but you have the
perfect names you come up with business
names that are perfect and they're just
sitting in your journal or your notepad
or the notes app on your phone girl it
could be making you passive income let
me tell you how if you're a woman and
you've been searching for passive income
ideas specifically for women then hi
welcome I'm Vanessa I'm an EXC Corporate
Finance girly ear Certified Financial
educator and on this channel I help
women Achieve Financial Independence in
the new economy in today's video I'm
going to be sharing seven passive income
stream ideas for women that nobody is
talking about you're not going to find
this content anywhere else and if you
miss all the other passive income
streams that I share in this video make
sure you don't miss number three because
one you don't need a lot of money to
start two it's quite simple and three
it's one of the only ones on this list
that would actually earn you recurring
revenue and help you build wealth so
even if you miss every other passive
income stream I share with you in this
video make sure you don't miss number
three number one number one is a
licensing nobody and I mean no one is
talking about this one look at this
licensing literally fell into my lap and
it's a very very small community so
here's what she did she came up with a
brand idea she trademarked it and now
people and organizations have to pay her
if they want to use that brand so here's
the tea on licensing and how it works
one find a wildly popular product or
theme that a lot of people care about
something that has a massive audience
her thing was unicorns a lot of kids
love unicorns and then find a gap in the
market almost all kids like unicorns but
there are no unicorns with afro ha hair
so what did she do she created a theme
called afro unicorn and she trademarked
it so because she owns the trademark for
afro unicorn when companies as massive
as Walmart want to use the theme afro
unicorns to put on socks on clothes on
bags they have to pay her a licensing
fee because she owns the trademark so if
you're someone who can spot ideas you're
Visionary you can find Trends in markets
this could be a great way to generate
massive passive income and nobody is
talking about this so that's number one
number two number two is to sell a
digital product now this is one of the
easier ones on this list but it's also
one that people don't really understand
so there are a lot of sketchy and scammy
things going on in this space meanwhile
there's still a gold mine there's still
an honest and legitimate gold mine in
the digital product space and that is
Etsy now hold on don't click out because
you think Etsy is played out or people
don't really make money on Etsy anymore
or what kind of digital product can you
sell on Etsy I've got you okay one of my
very first entrepreneurial Pursuits was
to have a mudcloth pillowcase store on
Etsy and the skills that I learned the
SEO the ranking all of those things
transferred to YouTube very well that's
why it was kind of easier for me to come
on here and also build a platform here
on YouTube but that was a few years ago
and I sold physical products but let me
tell you something there are some smart
women some smart people who have gotten
into this space and are actually
leveraging it now to sell digital
product so they spent a couple of hours
creating something like a planner a
digital planner for example and they put
it onto Etsy to keep generating
recurring Revenue passively I mean look
at this this is a digital planner that
someone created once and they're selling
it at about $15 a piece right it's
digital people just downloaded they only
made it once they don't have to keep
recreating it right and look at the
number of reviews
26,000 people have reviewed this planner
and usually reviews are only about 10%
of people who have actually bought the
planner let's even assume that only
these 26,000 people but the planner that
means the person who created this has
generated
48,2
43 passively we live in the digital era
and these things are possible but just
because it's possible doesn't mean you
don't need to put in any effort up front
it takes strategy and knowledge to
actually succeed you don't just make
26,000 sales with no knowledge no
strategy no expertise right but it is
totally learnable and it is 100% worth
it back when I ran an Etsy store it took
me a lot of time and effort I had to
watch a lot of YouTube videos I had to
read a lot of blogs just to try and
figure out how exactly Etsy worked and
how to make my Etsy store successful but
today we have people who have actually
sat down and created classes teaching
you everything you need to succeed from
A to Z on Etsy and this is one of my
favorite Etsy classes ever I've shared
it before on the channel and I'll share
it again the class is on skillshare and
that's why I'm so thankful that
skillshare has been kind enough to
sponsor this platform again if you don't
know what skill share is skillshare is
an amazing platform with thousands of
classes from teachers who have done what
it is you're trying to do from starting
a Etsy store to launching a new side
house so to digital marketing skillshare
has it all and because they've been kind
enough to sponsor this community again
the first 500 people to use the link
down in the description box would have
the opportunity to explore skillshare
for free for one whole month so thanks
skillshare for sponsoring this video
number three now this is the one I so
excited to share with you because even
though it has nothing to do with the
Creator economy it has nothing to do
with content creation it has nothing to
do with being an influencer it is one of
my passive income streams and it is one
of my favorite kinds of passive income
streams and it is called a real estate
investment trust and when you hear that
you're probably automatically thinking
it's for wealthy people and you're wrong
girl I thought the same thing a very
long time ago before I bought my first
reath but now girl I just sit back drink
my water and the passive income just
keeps coming let me tell you what reats
are really quickly now one of the more
traditional versions of passive income
is rental income but not everyone can
buy rental property not everyone has
money for a down payment beyond the down
payment they already used to buy the
house they live in right however this is
a way that investors are able to access
the real estate market with like $200
and sometimes even less now let me put
you on look at this building do you
think one person built it do you think
one person owns it absolutely not there
are investment companies that exist to
pull money from different investors you
me cousin Raymond your mama they pull
these Investments together and they
build structures like apartment
buildings like Office Buildings and then
when tenants pay rent in these buildings
they pay out in the form of dividends
and here's the gag you don't have to be
super rich to get into reats I bought my
first re at about $200 but now I've put
in a little bit more because Come Close
let me give you the te listen you cannot
hustle your way to well okay you do
whatever you do to make money but you
have to spend that money on incom
producing assets a Reit is an income
generating asset by law REITs must pay
you me and every other investor 90% of
their rental income and this income is
recurring and it's also liquid what that
means is that if you want to get into
real estate but one you don't have the
budget for a whole property or two you
don't even have the bandwidth to
actually do the management because no
one's going to tell you that when you
invest in property you have to deal with
tenants you have to deal with fixing you
have to deal with the law but when you
invest in a re you don't have to deal
with all that you don't you're literally
just putting your money to work and then
getting paid in the form of dividends
for the money that you have put in and
there are a couple of credible platforms
where reads can be bought so I'm just
going to list some of them here if you
want me to do a whole video about my own
buying process and the platform I use
let me know down in the comment section
but here are the ones that most people
use to buy re number four this one is
super simple you can literally do it
from your phone and I've been doing this
one since College because I have too
many ideas in my head okay and these
ideas have to pay me they have to pay me
so if you're someone who just keeps
coming up with different ideas but you
don't want to build businesses around
all the ideas you come up with but you
have the perfect names you come up with
business names that are perfect but like
you can only do one thing at a time
right but you have these 10 perfect
amazing business name ideas and they're
just sitting in your journal or your
notepad or the notes app on your phone
girl it could be making you passive
income it could let me tell you how
there is something called domain
flipping yes yes the new economy
continues to blow my mind because the
girls are getting to the bag on these
internets okay I'm just kidding but
domain investing or domain flipping
works like this you come up with a name
that you think could be really popular
very soon so for example Millennial
money now money is a word that everyone
cares about right we all care about
money so there's a massive Market there
and Millennials are a group that's also
massive and you know that at some point
someone is going to want to build a
company called Millennial money right or
start a show called Millennial money so
if you come up with that idea so you can
go on to a website like Google domains
and purchase the domain for about 12
bucks
then what you want to do next is put it
up for auction on a website like GoDaddy
domains can also be purchased on GoDaddy
I just prefer to buy my domains from
Google because Google integrates well
with everything however I prefer to sell
on GoDaddy the person who created
Millennial money for example got an
offer to sell his domain for
$45,000 these things happen especially
if you have a really catchy name around
food around gender around money around
people's needs people are constantly
searching for names and sometimes when
people want the names they want they're
willing to pay any amount of money to
get those names so if you're someone who
comes up with brilliant business names
but you're not actually going to pursue
all of those businesses then you might
want to consider selling the names and
you can generate income passively that
way number five but before we get into
number five girl if you've been watching
this video and you haven't liked the
video yet hit the like button I'll wait
thanks girl okay let's get into number
five number five if you know a lot about
a specific topic so maybe about
motherhood or medicine or cooking
whatever it is you are good at and
whatever it is you know you can put all
that information in an ebook and sell on
the internet okay but usually when
people tell you to create an ebook they
don't actually show you how like how do
you make it how do you monetize it so I
made a whole video about that and I'm
going to link it here or here wherever
YouTube lets me link it I'm going to
link it up here so after watching this
video you can watch that video so you
can actually execute and start
generating passive income through an
ebook number six number six is another
one of my personal passive income
streams and it's one of my personal
favorites to be honest and that is
dividend investing which basically means
I've invested in stocks and shares that
pay out dividends and so I sit back and
that money gets deposited into my bank
account if you want to learn more about
dividend investing then I'm also going
to link that somewhere up here so you
can watch that one after watching this
video as well well and number
seven I've been talking a lot girl but
this is also good so wait number seven
is pairt paare lending and the type of
income you generate through pairt paare
lending is called interest income okay
so basically with pairt pair lending you
go onto a pairt pair lending website you
basically give a loan to someone through
this pairt paare Ling platform you get
paid in the form of interest for the
money that you've given through a pair
toare lending website and this is the
kind of passive income that we call
income earned from money put UPF front
there are two ways to generate passive
income you put your time up front for
like an ebook or digital product or you
put your money up front like pairt paare
lending or even REITs I'm actually
thinking of making an entire video about
different ways to get passive income by
putting your money up front and the
credible places that you can put your
money like the kinds of accounts that
actually pay passive income Beyond just
the regular checking account so if
you're like Vanessa just teach me
everything about getting to the bag let
me know down in the comment section and
I'll be more than happy to make that
video for you but make sure that you're
subscribed and you hit the Bell button
so you don't miss the video when I
upload it remember that I'm rooting for
you so please do not stop rooting for
yourself and until next time please take
care
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