9 Passive Income Ideas-How I make $7500/Week

Summary

This video offers 9 actionable passive income ideas, ranging from investing in the stock market to creating digital products and online courses. The host, who earns up to $50k monthly, dispels myths about high-earning professions and encourages finding the right approach for generating income. The script covers affiliate marketing, leveraging platforms like Twitter, Instagram, and YouTube, and building membership platforms. It emphasizes the initial effort required to set up passive income streams and the importance of consistency, patience, and continuous learning for success.

Takeaways

• 💰 The speaker makes 30k-40k USD monthly and aims for 50k USD by year-end, debunking the myth that high income requires traditional professions like doctor, engineer, or lawyer.
• 📈 The speaker advocates for investing in the stock market for passive income, suggesting index funds as a safer option and considering crypto for higher risk tolerance.
• 🔗 Affirming the effectiveness of affiliate programs for earning passive income, with Amazon and IQ links as examples, and emphasizing the importance of driving traffic for success.
• 📚 Creating digital products like ebooks, templates, and planners can generate passive income once created, with the challenge being in marketing and gaining visibility in a crowded market.
• 💻 The speaker's personal experience with creating a Skillshare class on language learning as a way to diversify income and share knowledge, highlighting the platform's potential for both learning and teaching.
• 🐦 Twitter is presented as a powerful platform for passive income, allowing for anonymity and audience building without the need for personal content creation.
• 📷 Instagram and TikTok are identified as platforms with massive user bases for potential passive income, but note the challenges in content creation and audience growth due to the short-form nature of the platforms.
• 🎥 Starting a YouTube channel is straightforward, but standing out requires high-quality content and consistency, with the potential for deeper viewer connections leading to higher revenue.
• 🤝 Membership platforms are a way to generate passive income and build a dedicated community, offering exclusive benefits and fostering closer interaction with core fans.
• 🚀 The key to success in passive income is consistency, patience, and a willingness to learn, adapting and improving strategies over time to maximize income potential.

Q & A

What is the average monthly income the speaker has been making recently?

The speaker has been averaging around 30k to 40k USD per month and expects to reach 50k USD by the end of the year.

What is the speaker's perspective on the common belief that only specific professions like doctor, engineer, or lawyer can make a lot of money?

The speaker believes that this is a myth and that there are many ways to make a substantial income, such as through passive income ideas, with the right approach.

What is the link to the speaker's Skillshare class mentioned in the video?

The link to the speaker's free Skillshare class on how to effectively learn languages is included in the video description.

What is the definition of passive income according to the speaker?

Passive income is income that is generated over time with minimal ongoing effort after the initial work is done or a system is set up, not requiring constant active involvement.

Why does the speaker recommend investing in the stock market as a method for earning passive income?

The speaker recommends investing in the stock market because it has the potential to earn much higher returns than a bank and can help protect against the decrease in value due to inflation.

What are affiliate programs and how do they generate passive income?

Affiliate programs allow individuals to earn a commission by promoting other people's products. By sharing special links, when someone makes a purchase through the link, the affiliate earns a commission.

What is the key challenge in making money from digital products like ebooks or templates?

The key challenge is marketing and gaining visibility in a crowded marketplace. Driving traffic to the products and convincing people to make a purchase can take time and effort.

How much revenue did Thomas Frank earn from selling Notion templates according to the video?

Thomas Frank earned over 1 million dollars in revenue from selling Notion templates.

What is the potential annual income from Ali Abdall's Skillshare courses as mentioned in the video?

Ali Abdall makes almost a million dollars a year from his Skillshare courses.

What are the benefits of using Twitter for creating passive income according to the speaker?

Twitter allows for more anonymity and can be a great platform for building an audience and influence without revealing personal details. It offers opportunities to monetize through various methods once a sizable engaged audience is built.

What is the main challenge of maintaining a presence on Instagram and TikTok for passive income generation?

The main challenge is creating unique, engaging content that appeals to the target audience and maintaining a consistent presence, which can be labor-intensive due to the platforms favoring short-form content.

What are the potential ways to monetize on YouTube according to the video?

Monetizing on YouTube can come through ad revenue, sponsorships, affiliate links, and promoting one's own products or services.

What is a membership platform and how does it help in generating passive income?

A membership platform is a way to build a dedicated community around content, offering exclusive benefits to members for a fee. It helps in generating passive income by providing a steady income stream and deepening the relationship with core fans.

What is the speaker's advice on the key to success with passive income?

The speaker advises that success with passive income comes from consistency, patience, and a willingness to learn. It's about finding what works, sticking with it, and constantly looking for ways to improve and expand.

Outlines

00:00

💰 Passive Income Opportunities and Myths

The speaker introduces the video's focus on nine passive income ideas, categorized by their ease of initiation and maintenance. They share their personal success, earning 30-40K USD monthly with a goal to reach 50K by year-end. Dispelling the myth that high-income careers are limited to traditional professions like doctors, engineers, or lawyers, they emphasize various approaches to earning substantial income monthly. The video promotes the speaker's Skillshare class for language learning and mentions the video's sponsorship by Skillshare. The concept of passive income is clarified, explaining that it involves initial work to set up a system that generates income with minimal ongoing effort, using writing a book and investing in the stock market as examples. The potential of index funds and crypto investments for passive income is also discussed.

05:00

📈 Investing and Affiliate Marketing for Passive Income

This paragraph delves into the specifics of earning passive income through investing in the stock market and participating in affiliate programs. It suggests that investing can provide higher returns than traditional savings and protect against inflation. The paragraph highlights the safety of index funds and the possibility of crypto investments based on personal risk tolerance. Affiliate programs are introduced as a way to earn commissions by promoting others' products, with platforms like Amazon and IQ links mentioned. The ease of joining such programs and the challenge of driving traffic and sales are discussed, along with the minimal maintenance required once set up.

10:02

📚 Creating Digital Products and Online Courses

The speaker discusses creating digital products like Notion templates, GoodNotes digital planners, and eBooks as an effective method for generating passive income. They cite the example of Thomas Frank, a YouTuber who earned over a million dollars from selling Notion templates. The challenges of starting, such as familiarity with the tools and marketing, are acknowledged. The paragraph also explores the benefits of creating online courses on platforms like Skillshare, sharing personal experience and the success of others, like Ali Abdall, who earns a significant income from his courses. The importance of continuous learning and Skillshare's offerings for various skills are emphasized, along with a promotion of the speaker's own language learning course.

🐦 Leveraging Twitter for Passive Income

The paragraph explores the potential of Twitter as a platform for creating passive income, focusing on its unique aspects such as anonymity and the ease of building a following without revealing personal details. It outlines the process of starting a Twitter account, sharing valuable content, and engaging with the community. The challenges of maintaining a Twitter account and monetizing it through various methods like affiliate marketing, selling digital products, and sponsored tweets are discussed. The paragraph also mentions Twitter's new Super Follow feature for offering exclusive content to paying subscribers.

📱 Instagram, TikTok, and YouTube as Passive Income Channels

This section discusses the role of Instagram, TikTok, and YouTube in generating passive income. It highlights the ease of starting on these platforms but acknowledges the challenges of growing a following and creating engaging content. The paragraph contrasts these platforms with YouTube, where long-form content allows for deeper viewer engagement and potentially higher revenue. Monetization strategies on these platforms, including affiliate marketing and sponsored posts, are mentioned, along with the importance of consistency and authenticity in building an audience.

🎥 The Journey of Becoming a Successful YouTuber

The speaker reflects on their personal journey of becoming a YouTuber, emphasizing the importance of understanding the platform and creating valuable content. They recount their initial struggles and the turning point in 2020 when they began to study the platform and improve their content creation. The paragraph details the comprehensive process of creating a YouTube channel, from research and scripting to filming, editing, and thumbnail creation. The rewards of consistency and the potential for higher engagement due to the long-form content nature of YouTube are highlighted, along with various monetization methods available to creators.

🤝 Membership Platforms for Building Community and Income

The final paragraph introduces membership platforms as a method for generating passive income and building a dedicated community. It presents the example of Hamza, a content creator who successfully runs a membership platform, providing exclusive benefits to his community. The paragraph outlines the initial work required to set up a membership program, including defining benefits, setting up a payment system, and promoting the program. It emphasizes the importance of regular engagement and content creation to maintain member satisfaction and attract new members, suggesting that a membership program can offer a predictable income stream and a space for community interaction.

Keywords

💡Passive Income

Passive income refers to earnings that are generated with minimal ongoing effort after an initial work or system setup. In the video, the concept is central to the discussion, as the speaker shares various ideas for generating such income. Examples include investing in the stock market, where the initial setup involves choosing and purchasing stocks or funds, and then benefiting from potential growth and dividends with little day-to-day effort.

💡Skillshare

Skillshare is an online learning community where creators can host courses and learners can take them. In the script, the speaker mentions launching a new Skillshare class on language learning and provides a link to it. This platform is used as an example of one way to earn passive income by creating and selling educational content.

💡Affiliate Programs

Affiliate programs are a method to earn passive income by promoting other companies' products and earning a commission on sales made through a unique referral link. The video script discusses how companies like Amazon and IQ links offer such programs, and the speaker's own experience with earning from mentioning products they use and love.

💡Digital Products

Digital products are items like ebooks, templates, or digital planners that can be created once and sold multiple times without additional work. The script mentions Thomas Frank's success with selling Notion templates and the potential for passive income from such products, highlighting the importance of marketing and visibility in a crowded digital marketplace.

💡Online Courses

Online courses are a way to share knowledge and expertise while earning income. The video mentions Skillshare as a platform for hosting courses and cites the example of Ali Abdall, who earns a significant amount from his productivity courses. This concept is tied to the theme of passive income as the initial work of creating the course can lead to ongoing revenue.

💡Twitter

Twitter is presented in the script as a platform for creating passive income through various methods, such as promoting products, selling digital products, and offering paid subscriptions. The speaker notes the value of anonymity on Twitter and the potential for building an audience and influence without revealing personal details.

💡Instagram and TikTok

Both Instagram and TikTok are social media platforms that offer opportunities for passive income generation. The script describes the challenges of growing a following and creating engaging content on these platforms, as well as the potential for monetization through affiliate marketing, sponsored posts, and selling products or services.

💡YouTube

YouTube is highlighted as a platform for creating content that can lead to passive income through ad revenue, sponsorships, and other monetization methods. The speaker shares their personal journey of growing a YouTube channel and emphasizes the importance of understanding the platform and creating valuable content for the audience.

💡Membership Platforms

Membership platforms are a way to generate passive income by creating a community around exclusive content or benefits. The script uses the example of 'Thumbs Up,' a content creator who runs a successful membership platform, to illustrate how this model can provide value to both the creator and the members, leading to a steady income stream.

💡Consistency

Consistency is a key factor in achieving success with passive income streams, as mentioned in the video. It refers to the ongoing effort required to maintain and grow income sources, such as regularly posting content on social media or updating digital products. The script emphasizes that while passive income doesn't require constant active involvement, it does require an initial investment of time and energy.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. In the context of the video, the speaker mentions investing in the stock market as a way to protect and grow wealth against the eroding effects of inflation, emphasizing the importance of understanding economic concepts when planning for passive income.

Highlights

The speaker shares 9 passive income ideas based on their start-up and maintenance difficulty.

They have been averaging 30k to 40k USD monthly and expect to reach 50k USD by year-end.

Dispelling the myth that high-paying careers are limited to doctors, engineers, or lawyers.

The speaker promotes their Skillshare class on language learning and mentions the video is sponsored by Skillshare.

Passive income is clarified as income generated over time with minimal ongoing effort after initial work.

Investing in the stock market is recommended as an easy way to potentially earn higher returns than a bank.

Affiliate programs are introduced as a way to earn passive income by promoting others' products.

Creating digital products like templates and ebooks can generate continuous income with minimal additional work.

Online courses on platforms like Skillshare are a powerful way to diversify income and share expertise.

Twitter is highlighted as a platform for creating passive income with opportunities for audience building and influence.

Instagram and TikTok are key platforms for passive income with massive user bases for audience reach.

Starting a YouTube channel is straightforward, but standing out requires high-quality and consistent content.

Membership platforms offer a way to generate passive income and build a dedicated community.

Consistency, patience, and a willingness to learn are key to success with passive income ventures.

The speaker emphasizes the importance of finding what works for the individual and continuously improving.

Making money is not easy, but with the right approach, it is achievable.

Transcripts

in this video I'm going to write 9

passive income ideas based on how hard

it is to get started and how hard it is

to maintain and make money from it these

days I've been averaging around 30k USC

dollars to 40K monthly and by end of the

year we're expecting to reach 50k USD

per month a couple of years ago I used

to think that only way to make a lot of

money was becoming a doctor engineer or

a lawyer and that's completely a myth

and there's so many ways you can also

make ten thousand dollars per month with

the right approach so whether you're

working a nine to five and want some

passive income on the side or you're

looking to start a new side hustle and

maybe eventually quit your nine to five

job this is the perfect video before we

begin I want to inform you that I

recently launched my new skillshare

class on how to effectively learn

languages the link to my free course is

included in the description and this

video is sponsored by skillshare and I

will provide more information about it

later I wanted to promote my own class

because I believe it's genuinely helpful

and enjoyable for people the class

offers tips on learning a new language

in your spare time now let's begin the

video to make things easier to

understand let's clear out what passive

income is despite what people would like

to think passive income is not like

you're doing nothing and money grows on

the trees it's more like you do a

certain work up front or set a system

that generates income over time with

minimal ongoing effort I'm not saying no

effort the key concept is that once the

initial work is done the income

continues to flow without requiring

constant active involvement in other

words you're not exchanging your time

for money directly so think about

writing a book to write a book you need

to spend a lot of time in the beginning

but once it's published you don't

necessarily need to continue writing to

generate income that is called passive

income investing in the stock market is

an investment method that everyone needs

to consider in my opinion it's super

easy and much better than putting your

money in a bank and waiting for it to

lose its value by investing in the stock

market you have the potential to earn

much higher Returns on your investment

after you have your emergency fund of

six to eight months aside just in case

something happens start investing and

make it a habit index funds are close to

safer investment option as they track

the performance of the overall Market

rather than individual stocks but

depending on your risk tolerance you may

also want to consider investing in

crypto by investing in the stock market

you're not only earning passive income

but you're also giving your money the

opportunity to grow over time this is

important because inflation can cause

the value of your money to decrease over

time by investing in the stock market

you are predicting your wealth and

giving yourself the potential to earn

even more affiliate programs are a

popular way to earn passive income they

allow you to earn a commission by

promoting other people's products

companies like Amazon and IQ links the

keyboard that I use have affiliate

programs that you can join for free once

you join you can promote their products

by sharing special links when someone

clicks on your link and makes a purchase

you earn a commission getting started is

super easy you just sign up for a

program like Amazon Affiliates and it

paste the links into your blog social

media YouTube page newsletter or

whatever platform you're using the

tricky part of affiliate marketing is

driving traffic to your links and

convincing people to make a purchase

this process can take time and effort

especially if you're starting from

scratch with no audience but with the

right strategies such as like high

quality content building community that

trusts you you can attract more traffic

to your links and potentially earn a

substantial income maintenance is super

easy you just need to paste links every

year I make like a little bit of money

from my affiliate links by simply

mentioning the products I use and love

such as my desk setup keyboards and

services creating digital products like

notion templates good notes digital

planners and ebooks is an effective way

to generate passive income once created

these products can be sold multiple

times without any additional work

resulting in a continuous stream of

income for example Thomas Frank a famous

YouTuber with almost 3 million

subscribers abandoned his main Channel

and focus on his second Channel which

has only like 174k subscribers to sell

notion templates last year he earned

over 1 million dollars in revenue from

selling these templates the difficulty

of starting depends on your family

familiarity familiarity with creating

these types of digital products if

you're already tech savvy and familiar

with tools like notion and good notes

getting started can be relatively easy

but if you're new to these platforms it

might take some time to get up to speed

writing an ebook requires an in-depth

knowledge of your subject and the

ability to effectively communicate your

ideas it can be a significant time

investment especially if you're aiming

for a high quality comprehensive but the

challenge in making money from digital

products lies in the marketing and

gaining visibility in a crowded

Marketplace platforms like Etsy and

gumroad can help you solve your products

but you will need to actively promote

them to drive sales as with affiliate

marketing the key here is driving

traffic to your products this can be

done by leveraging SEO social media

email marketing or maybe paid

advertising like Google ads you'll also

need to keep your product updated to

ensure they remain relevant and

appealing to the customers the effort

required for maintenance is minimal once

the product is created it doesn't

require much upkeep but you may need to

update your products occasionally based

on customer feedback or change changes

in the platform they're designed for so

this option can be a profitable winter

if you have the expertise and create

valuable digital products and the

marketing skills to promote them

effectively creating online courses is a

powerful way to diversify your income

platforms like skillshare provide an

incredible opportunity for anyone with a

unique skill or expertise to share that

knowledge and earn money hey Ali abdall

for example he's a successful YouTuber

and Doctor ex-doctor Who teaches

productivity courses on skillshare

according to him he makes almost a

million dollar a year just from his

skillshare courses and that's a

life-changing amount of money and

testimony to the power of online courses

and it's not just Ali even I've jumped

on this trend and recently I published a

language learning course designed to

help you effectively learn a new

language in the least amount of time

this has opened up a new stream of

income for me all while enabling to

share my knowledge with others but

skillshare isn't just about making money

it's also a place to learn new skills

whether you want to start a side hustle

develop a new hobby or focus on personal

development skillshare has thousands of

classes that can help you achieve your

goals looking to master video editing

for your channel there's a course for

that want to learn about social media

marketing to boost your online presence

skillshare has you covered from graphic

design to creative writing to coding the

possibilities are endless what's even

better is that skillshare offers a one

month free trial and you can access all

these incredible courses without paying

a dime if you feel it's not for you you

can cancel your subscription within the

trial period so it's risk-free learning

new skills is an investment in yourself

and I encourage everyone to embrace the

culture of continuous learning Kaizen

mindset so let's make a collective goal

to learn more this month use my link to

sign up for a one month free trial of

skillshare you have nothing to lose and

a world of knowledge to gain and

remember the more you learn the more you

can earn also check out my skillshare

course Twitter can be a powerful

platform for creating passive income

it's not only a place where you can

promote products and services but it

also offers a unique opportunity to

build an audience and influence Twitter

is different from Instagram Tick Tock or

YouTube instead several Keys first of

all anonymity online platforms like

Instagram and YouTube or showing your

face or creating personal content can be

a significant part of gaining popularity

Twitter allows for more anonymity you

can build the following without ever

showing your face or revealing your

personal details making it a great

platform for who value privacy starting

a Twitter account is as simple as

signing up choosing a handle creating

your profile Begin by sharing relevant

valuable content and engage with others

in your industry or interest area and if

you don't follow me on Twitter make sure

to follow me maintaining a Twitter

account can be as easy as hard as you

make it it can be as simple as tweeting

a few times a day or as complex as

managing a Content calendar and making

strategies around trending topics to

make money you'll need to build a

sizable engaged audience this can take

time and consistent effort once you have

an audience you can monetize through

various methods this can include

promoting affiliate products selling

your own digital products sponsor tweets

or even offering paid subscriptions

through Twitter's new super Fallout

future where followers pay for exclusive

content with the right approach and

consistent effort Twitter can become a

profitable side hustle or even a main

source of income it's all about

providing value to your followers and

building a community around your content

Instagram and Tick Tock have became key

players in the world of passive income

both platforms have massive user base

providing an excellent opportunity to

reach wide audience and diversify your

income starting on these platforms is

obviously really easy like Twitter and

other platforms but growing your

following can be challenging you'll need

to create unique engaging content that

appeals to your target audience and the

difficulty of these platforms is that

due to the nature of these platforms

favoring short form content it can be

quite labor intensive to maintain your

presence unlike long-form content like

YouTube where one video a week might

suffice to make significant impact on

Instagram or Tick Tock you ideally need

to show up five to seven times a week it

is quite time consuming and requires a

solid content strategy so that you won't

burn out making money on these platforms

can also be challenging particularly

since they don't have built-in

monetization features like YouTube but

if leveraged correctly Instagram tiktok

can open doors for other income sources

like affiliate marketing sponsored posts

and selling your own products or online

courses both Instagram and Tick Tock are

powerful tools to build an audience and

by extension a source of passive income

they allow you to establish a Personal

Collection with your followers who can

get to know who you are and what you

stand for this familiarity can make them

more willing to purchase products or

Services you recommend or you create as

opposed to buying from an unknown person

from online even though it's hard work

the potential rewards make it worth

considering these Platforms in your

passive income strategy remember the key

to succeed on these platforms is

consistent engaging content authentic

interactions with your audience starting

a YouTube channel is straightforward but

creating content that stands Out Among

the vast amount of the videos on the

platform can be quite challenging high

quality videos are crucial for gaining

viewership while you don't necessarily

need super expensive gear to get started

investing in decent lighting and

ensuring good sound quality can make a

significant difference in the viewer

experience also creating YouTube channel

isn't about just filming it's about

comprehensive process involving research

scripting filming editing and creating

good thumbnails all of this takes quite

a lot of time and effort actually

consistency is key on YouTube to build

and retain an audience you need to

regularly upload new videos but the

potential rewards are also you know

because of the long form content nature

viewers on YouTube can form a deeper

connection with creators which can lead

to a higher engagement and potentially

more Revenue compared to short form

content monetizing on YouTube can come

through multiple ways like ad Revenue

sponsorships affiliate links and

promoting your own products or Services

giving coaching a lot of different

things and in my own Journey YouTube has

played a significant role I've been

trying to become a YouTuber since 2016

but initially I didn't gain much

traction despite posting a lot of videos

but everything changed in 2020 when I

decided to study the platform and take

my content creation seriously and thanks

to that but we managed to gain 100K

subscribers in just 3 months and hit the

1 million subscribers in only two years

becoming a successful YouTuber isn't

about luck it's about understanding the

platform and creating content that your

audience values although it requires

consistency and time with the right

approach anyone can find success on

YouTube for those interested in learning

more about how to grow on YouTube I have

a dedicated video that explains in

detail so check it out to learn how you

can start and grow up your own channel

membership platforms are a powerful way

to generate passive income while

simultaneously building a dedicated

Community around your content let's

consider the case of thumbs up a

successful content creator Hamza runs a

membership platform where he makes

thousands of dollars every month by

creating a community for like-minded

people to enjoy his content and also

this model like provides significant

benefits for both parties involved

members receive value through

interaction with a supportive community

of people with shared interests and

goals aiming accountability bodies in an

environment encourages progress

meanwhile Hamza earns a steady income

while deeping his relationship with his

core fans and providing them Extra Value

establishing a membership programs

involves some initial work you'll need

to Define what exclusive benefits you'll

offer set up a payment system and

promote your program to potential

members plus it's essential to have a

solid follower ways which you can Market

the membership you don't necessarily

have to have a lot of followers but core

followers that actually loves you in

your content and once established a

membership program requires regular

engagement and content creation to keep

members satisfied and also attract new

ones examples of membership benefits

might include monthly group coachings

one-on-one sessions exclusive content or

maybe even like special events meetups

running a membership program can be

excellent way to monetize your audience

while also providing Extra Value to your

most dedicated followers it's not just

about generating income it's about

creating a space where your community

can Thrive and where you can interact

more closely with your audience also it

can offer more predictable income stream

of compared to ad-based revenue so

that's it those are my top picks for

passive income ideas based on my own

experience and experiences of others

keep in mind that passive doesn't mean

effortless it takes time energy and

sometimes money to set up these income

streams but once they're up and running

they can provide a steady source of

income with minimal ongoing effort

remember to teach your success with

passive income as with any other

Ventures is consistency patience and

willingness to learn it's about finding

what works for you sticking with it and

constantly looking for ways to improve

and expand making money is not easy but

you got this bye