Top 3 Passive Income Ideas to Make Money Online Right Now

Summary

In this video, the creator reveals how they've earned over $300,000 in a month from semi-passive income sources. They introduce three key methods to generate income online: creating and selling digital products after acquiring valuable skills, leveraging YouTube for traffic without appearing on camera, and partnering with software for recurring affiliate commissions. The video emphasizes the importance of skill acquisition through platforms like Skillshare and using these skills to create passive income streams that continue to profit over time.

Takeaways

• 😀 The speaker has made over $300,000 in the past 30 days from semi-passive income sources, which are income streams that continue to pay for work done in the past.
• 🎓 Semi-passive income involves acquiring a valuable skill that others want to learn, such as using AI for generating content, through platforms like Skillshare.
• 🛠 Skillshare is highlighted as a platform for skill acquisition with a wide range of courses that can help solve common problems in various niches.
• 📈 The speaker emphasizes the importance of initially offering services at a low price to build customer testimonials and gain experience.
• 📚 Creating digital products, such as guides or online courses, based on the acquired skills is a way to generate semi-passive income from one-time work.
• 🌐 Selling digital products through platforms like Gumroad allows for passive income as the product can be sold repeatedly without additional work.
• 📺 YouTube is presented as a passive income source where channels can be run without the need for personal appearances, using tools like Google Slides and AI scriptwriters.
• 🔍 Using AI tools and software like Tube Magic can help optimize YouTube content for better visibility and monetization.
• 🔗 Leveraging an audience built on YouTube to promote and sell digital products is a strategy for increasing passive income.
• 🤝 Partnering with software as an affiliate can create a third stream of passive income through recurring commissions from referrals.
• 💰 The speaker suggests reinvesting earnings into the business, further education, and ads, and saving or investing the remainder for long-term growth.

Q & A

How much income did the speaker claim to have made in the past 30 days?

The speaker claimed to have made over $300,000 in the past 30 days.

What does the speaker define as 'semi-passive income'?

Semi-passive income, according to the speaker, refers to income sources that continue to pay for work done far in the past, allowing for minimal ongoing effort.

What is the first passive income source the speaker suggests?

The first passive income source suggested is creating digital products, specifically focusing on acquiring and selling valuable skills.

What website does the speaker recommend for skill acquisition?

The speaker recommends Skillshare for acquiring valuable skills through its library of courses.

How does the speaker suggest using acquired skills to make money?

The speaker suggests initially offering services at a low price on marketplaces like Fiverr or Upwork to build customer testimonials, which can later be leveraged to sell digital products.

What is an example of a trending topic mentioned for skill acquisition in the script?

An example of a trending topic mentioned is artificial intelligence and its application in generating ads, logos, or YouTube thumbnails.

What platform does the speaker propose for the second passive income source?

The second passive income source involves using YouTube to create content that can attract an audience and promote digital products.

How can one make money on YouTube according to the speaker?

One can make money on YouTube by creating slideshow videos, utilizing AI tools for scripting, and optimizing videos for better reach, which can then drive sales of digital products.

What is the third passive income stream proposed in the script?

The third passive income stream involves partnering with software that aligns with the content being taught, such as Tube Magic, and earning recurring commissions from referrals.

How does the speaker suggest investing the extra money earned from these income streams?

The speaker suggests investing in more education, buying ads, and putting money into high-yield savings accounts or long-term investments like ETFs.

What is the name of the AI tool mentioned for generating YouTube thumbnails?

The AI tool mentioned for generating YouTube thumbnails is called Mid Journey.

What is the speaker's advice on how to use the income generated from passive income streams?

The speaker advises to reinvest a portion of the income back into the business for growth, save for future needs, and invest in long-term financial instruments.

Outlines

00:00

💰 Semi-Passive Income Revelations

The speaker reveals they've earned over $300,000 in 30 days through semi-passive income sources, which are income streams that continue to pay for past work. They emphasize the importance of skill acquisition, particularly through platforms like Skillshare, which offers a vast array of courses to learn valuable skills that can solve common problems. The speaker highlights the potential of digital products as a primary source of passive income, using the example of AI-generated content like YouTube thumbnails, and suggests leveraging marketplaces like Fiverr or Upwork to build a portfolio and customer testimonials. The aim is to eventually create and sell digital guides or products, thus transitioning from active to semi-passive income.

05:02

📚 Leveraging YouTube for Passive Income

The speaker discusses using YouTube as a passive income source without the need for personal appearances or influencer status. They propose creating slideshow videos with tools like Google Slides and AI scriptwriting tools to generate content on niche topics, such as growing a YouTube channel or creating thumbnails. The strategy involves building an audience with valuable free content, which can then be monetized by selling digital products related to the channel's theme. The speaker also mentions the potential for additional income from ad revenue and the use of affiliate marketing for software like Tube Magic, which can provide recurring commissions.

10:02

🚀 Turbocharging Income with Affiliate Marketing

The speaker suggests using the existing passive income streams to create a third income stream through affiliate marketing. They propose partnering with software companies and promoting their products to the audience built through YouTube channels, earning recurring commissions for each referral. The example given is promoting Tube Magic with a 50% commission rate, which can significantly increase monthly income. The speaker also advises reinvesting earnings into the business for growth and investing in long-term assets like ETFs for future financial security.

Keywords

💡Semi-passive income

Semi-passive income refers to revenue streams that require minimal ongoing effort after the initial work has been completed. In the context of the video, the speaker has generated significant income from such sources, highlighting how they continue to earn money from work done in the past. The video aims to educate viewers on how to create similar income streams.

💡Skill acquisition

Skill acquisition is the process of learning and mastering new abilities or knowledge. The video emphasizes the importance of acquiring skills that are in demand, such as AI tools for creating digital art or YouTube thumbnails, which can then be leveraged to create passive income streams. The speaker uses Skillshare as an example of a platform for learning such skills.

💡Digital products

Digital products are items that are produced, distributed, and consumed in a digital format, such as eBooks, online courses, or software. The video discusses creating digital products as a means of generating semi-passive income, where the product is created once but can be sold multiple times with minimal additional effort.

💡Freelancing

Freelancing involves offering services on a flexible, contract basis rather than being employed by a single company. In the video, the speaker suggests using freelancing platforms like Fiverr or Upwork to initially apply newly acquired skills, building a reputation and customer testimonials that can later be used to promote digital products.

💡YouTube

YouTube is a video-sharing platform that the speaker mentions as a powerful tool for generating passive income. By creating content related to the digital products being sold, such as tutorials on creating YouTube thumbnails with AI, the speaker illustrates how to attract an audience and drive sales to the digital products.

💡Slideshows

Slideshows are a type of video content that consists of a series of slides, often accompanied by narration or text. The video script mentions using Google Slides to create slideshows for YouTube, which can be an efficient way to produce content without needing to appear on camera.

💡AI tools

AI tools, or artificial intelligence tools, are software applications that utilize AI to perform tasks, such as generating art or creating thumbnails. The video highlights the use of AI tools like Mid Journey and Tube Magic to create content and optimize videos, which can be part of the digital products or services offered.

💡Gumroad

Gumroad is an online platform that allows creators to sell digital products directly to consumers. In the video, the speaker mentions using Gumroad to sell digital guides or lists of prompts for AI tools, which is part of the strategy for generating passive income.

💡Affiliate marketing

Affiliate marketing is a performance-based marketing strategy where an individual earns a commission for promoting and referring customers to a product or service. The video discusses partnering with software like Tube Magic as an affiliate to earn recurring income from referrals, adding another layer to the passive income strategy.

💡High yield savings account

A high yield savings account is a type of savings account that offers a higher interest rate than traditional savings accounts. The speaker recommends putting extra money into such accounts to earn more money on the income already generated, illustrating the importance of smart financial management alongside passive income strategies.

💡ETFs

ETFs, or Exchange-Traded Funds, are investment funds that are traded on stock exchanges, similar to individual stocks. The video mentions investing in ETFs as a long-term investment strategy to grow wealth passively over time, in addition to the immediate passive income streams discussed.

Highlights

The speaker has made over $300,000 in the past 30 days through semi-passive income sources.

Semi-passive income refers to income that continues to pay for work done in the past.

The speaker has been traveling the world while earning this income.

Three different passive income sources will be discussed in the video.

The first passive income source is digital products, specifically using AI tools for tasks like generating YouTube thumbnails.

Skillshare is recommended for skill acquisition, offering courses in various niches.

Learning AI skills can be applied to solve common problems, such as generating ads or logos.

The speaker is interested in the 'Mid Journey Master Class' on Skillshare for AI art generation.

After acquiring skills, one should initially offer services at a low price to build customer testimonials.

Creating a digital guide or product, such as a list of AI prompts, can lead to semi-passive income.

Gumroad is suggested as a platform for selling digital products.

YouTube can be used as a passive income source by creating slideshow videos without appearing on camera.

Building an audience on YouTube can lead to significant income from digital product sales.

YouTube Shorts, TikTok, and Instagram Reels can be used to diversify content and reach.

Opus Clip Pro is an AI tool for creating video clips from long-form videos.

Tube Magic is recommended for video optimization and has an affiliate program offering 50% commissions.

The speaker suggests reinvesting in the business and saving or investing extra income for long-term growth.

High-yield savings accounts and ETFs are mentioned as investment options for long-term financial growth.

Transcripts

I've made over $300,000 in the past 30

days from Mostly semi- passive income

sources now what do I mean by semi

passive what this means are Income

sources that continue to pay me for work

that I've done far in the past in fact

over the past month I haven't even

worked that much all in total I've

worked much less than what most people

work at traditional jobs yet I've made

way over for most people even a yearly

salary in just a month and I've done

this wall travel in the world going to

multiple different countries in the past

month and whenever people hear that I've

been able to do this they always ask me

how and the purpose of this video is to

show you exactly that in fact I'm going

to be going over three different passive

income sources that you can do to

potentially make money online through

the internet in a passive way and by

passive what I mean is that you do the

work once and you can continue to profit

from it and passive income Source number

one is digital products but not in the

way that you probably think if you do

this method of making passive income

correctly it can potentially be huge

this income Source alone has accounted

for well over

$200,000 of my Revenue in the past month

which is why I'm sharing it with you

here first but in order to do this you

need to do something first in order to

do it correctly and that thing you have

to do first is known as skill

acquisition you need to acquire a

valuable skill that other people also

want to acquire now how can you acquire

these skills correctly in an actual good

way well there's a website known as

skillshare and they're actually the

sponsor of today's video big thanks to

them for sponsoring the video but online

education is something that I really

believe in and skillshare has a huge

library of different courses in almost

every Niche that you can imagine and you

can learn and acquire skills related to

topics like health wealth relationships

online marketing travel and Technology

basically ideally you're going to be

wanting to learn a skill that can solve

people's problems and all of those

topics that I just mentioned are

typically topics that people have

problems in now just to give you an

example of what you could potentially do

a huge trending topic right now is

artificial intelligence and also using

artificial intelligence to generate

things that companies actually need now

there's so many different routes that

you could go down here you could help

companies generate ads or logos with AI

or you could even use AI to help with

generating YouTube thumbnails and that's

why I've been taking a look at this

class right here on skillshare called

the mid Journey master class that's

going over how to use the AI tool mid

Journey in order to generate great AI

art but the thing is that these tactics

of generating AI art also apply to

YouTube thumbnails which is why I'm

really interested in learning more about

that so let's say you went through

courses like this on skillshare you

acquired that skill and you learned

exactly how to use AI tools and it'll

show you all the prompts and everything

you need to do now you have an

incredibly valuable skill then you can

take that skill and do a couple key

things that I'm going to show you to

potentially make a lot of money from it

now if you want to acquire skills I

can't recommend skill share enough check

it out down at the link below the first

500 people to use the link down in the

description will get a free 1month trial

of skillshare big thanks to them for

sponsoring this video and now once

you've got your skill the thing you need

to do in order to actually potentially

make money from it and make passive

income from it is to First do it in a

non-passive way now you might be saying

Matt why would I do it in a non-passive

way I just want to jump straight to the

passive income well trust me you need to

do it in this chronological process and

you'll thank yourself that you did so

essentially you'll go to marketplaces

then like for example Fiverr or

upwork.com and start implementing this

skill for other people for a very low

price initially you're not going to make

much money doing this but trust me this

is all part of the plan so let's say for

example you start generating YouTube

thumbnails for people maybe logos for

companies like we mentioned using AI

using the skills that you've acquired

through places like skillshare then

through doing this you'll build up some

great customer testimonials especially

if you're barely charging anything for

your services because the key to making

a lot of money with this isn't through

doing this freelancing that we're

talking about right here the key of

making a lot of money is to eventually

sell digital products and this is how we

can start making that semi passive

income where we do the work once and we

can profit from it for years and years

into the future eventually what we're

going to do is put together our own

digital guide so if they're doing this

and acquiring skills and so forth you'll

learn what are the best prompts for Mid

Journey For example and you can start

writing those all down putting them into

a Google Document which is a digital

product and then charging money money

for that digital product on places like

gumroad.com then when people buy your

list of prompts for Mid Journey off of

gumroad Boom you just made a little bit

of money and you had to do no work for

it you did the work once in the

beginning but you didn't have to do any

work every single time a news person

Buys so then you can just get infinite

sales into the future you don't have to

worry about trading your time for money

because you have infinite time now

because you did the work once and you

set up this semi- passive income stream

and the longer you have this income

stream going the more and more passive

it gets and the amount you've benefited

from that work continues to grow you can

also do things like put together online

courses sell Excel spreadsheet databases

of different things the possibilities

are essentially endless now once you've

got this passive income source of let's

say selling a digital guide about how to

do YouTube thumbnails with AI you might

be asking how can I get more eyeballs

onto that because more eyeballs means

more sales well the way you can do that

is by using our next passive income

source which is the platform on right

now which is YouTube but not in the way

that most people think you can run

YouTube channels where you never have to

step in front of a camera you don't have

to be an influencer you can simply do

YouTube by putting together slideshows

with something like Google Slides using

an AI tool like tube magic to write your

scripts come up with infinite great

video ideas and optimize your videos for

you use something like OBS to record

your screen by the way here's a list of

a bunch of great faceless YouTube niches

as well but let's say for example that

you started running a channel about how

to grow on YouTube how to generate great

YouTube thumbnails and you can just

saturate that Channel full of videos

about useful information on that subject

taking little bits of the skills that

you've learned throughout your journey

doing this so far and just sharing that

for free on YouTube then you'll start

building up an audience on YouTube and

this will be a directed audience and

even if it's tiny you can make a lot of

money I had a student on one of my

courses who had less than 3,000

subscribers who was able to make over

$100,000 per year from that and that's

by selling a digital product from his

YouTube channel and these are people who

are already interested in this because

they're searching these queries about

what he was talking about and each of

his videos barely got any views so even

if you're doing something as niche as

how to make YouTube thumbnails you can

make that into a full-time business and

that student that I was mentioning his

videos were literally just slideshows

using something like Google Slides like

I mentioned doing a screen recording

with something like OBS and just

demonstrating different concepts about

what he was teaching in the form of a

slideshow and you're not just limited to

long form video either you can also do

things like YouTube shorts Tik Tok

videos and Instagram reals as well to

diversify your content even more and

then you can even use an AI tool like

Opus clip Pro in order to take your long

form videos and split them up into a

bunch of Great Clips and basically let

AI do all that work for you and then in

order to make sure your videos are as

optimized as possible use tube magic

using the video optimization feature to

automatically optimize your videos for

you now YouTube is incredibly passive

and I've learned that that throughout my

past 10 years here on the platform

because I'm still getting paid every

single month hundreds of dollars per

month in some cases from videos that

I've uploaded when I was just 14 years

old so I know how passive YouTube can be

and hopefully you can learn that as well

and you can also even make money from ad

revenue from YouTube as well directly

from the platform it's always nice to

get an extra check every single month

passively from Google and YouTube itself

and so now you'll be making money from

ad Revenue you'll be making your digital

product sales because you'll be

referring people from YouTube in the

description of your videos to your

digital product now let's get your third

passive income stream and what we're

going to do here we're going to take the

current two passive income streams that

you've already set up and we're going to

basically use those to generate a third

one and this third one is the easiest

and the laziest of all of them because

you won't have to create a product you

won't have to be running more YouTube

channels or anything like that you can

simply plug and play something into the

first income streams we talked about and

basically turbocharge your income and

make even more money so let's say for

example we're doing that YouTube channel

about how to grow on YouTube how to make

YouTube thumbnails and everything what

if there's an easy way to add at least a

couple, per month to that passively well

it turns out there is you can partner up

with software that help people do what

you're teaching them how to do in this

case running YouTube channels and then

make money recurringly every single time

that you refer someone to that software

forever into the future and one great

software is my own to Magic that you can

sign up to to be an affiliate for and

will'll give you 50% commissions which

is unheard of when it comes to software

by the way to promote that in the

descriptions of all your videos and

you'll make even more money from that

and if you get a th000 people signed up

to tube magic paying you every single

month not only are all those people

going to be benefiting from the software

but also you'll be making an extra

$20,000 per month and it's recurring

month after month so now you've just

plugged recurring even more passive even

more lazy income to yourself so now

you've got these three golden passive

income streams I like to call it the

perfect trifecta for making money online

and now that you'll be making all this

money you might be asking Matt what

should I do with it well first and

foremost make sure to put a good amount

of it back into the business by doing

things like investing in more education

maybe buying some ads as well to what

you're doing and everything any extra

money you have on top of that after

you've paid for living expenses or your

bills and just doing whatever you want

to do within your life like for example

I love to travel I've traveled the

entire world just in the past 30 days I

went to India for the first time in my

life which was absolutely incredible but

the extra money you have put it into

something like a high yield savings

account where you can then even make

more money off of the money that you've

already made and right now interest

rates are super high so make a lot of

money off of that but then this is an

investment advice or anything this is

just what I personally do with my money

any extra money on top of that that I

know I'm not going to need for at least

the next 10 20 30 years I put into

things like ETFs which are long-term

Investments and then I just know in the

background that'll hopefully be growing

and making me even more money over time

now as I mentioned the best way of

getting tons of traffic to anything

you're doing online to turbocharge these

passive income streams is always YouTube

and if you want to discover how to do

YouTube in a completely faceless way but

these tactics work for any type of

Channel honestly check out this video

right here I'm going to be going over

some things that I've never shared

online before in this video right here

this video is essentially a completely

free course you're going to get so much

value from it check it out right here

everybody my name is Matt par and I will

see you in that video you are absolutely

going love it see you there