What up what up! Do you want to start making money online? Well in this video I’ll share with you 7 ways to generate passive income online. I’ve personally made money with 4 our of these 7 methods and I’ll share with you my experience and my advice for beginners. If you want an in-depth version of this video then check out the ebook I wrote yesterday called Passive Income Millionaire.
Alright, let’s jump right into the good stuff!
Watch the video below:
1. Affiliate Marketing
This is how I’ve made most of my money online. This method is great because it’s very easy to get started with. Affiliate marketing is when you promote someone else’s product and you get paid a commission every time someone buys the product through your link. You can use it then to recommend products that you’ve personally used and helped you transform your life.
Example: I recently started promoting an online course called K-Money-Mastery that teaches how to make money online selling Ebooks. Every time someone purchases the course then I get paid a commission for referring that person.
I recommend the product because I bought it myself and I’m currently in the process of setting up an Ebook business myself. I document it in my zero to hero Online show. You can watch episode 1 here.
Affiliate marketing is awesome because it’s very easy to start with and you don’t need to create your own product, you can even make a video reviewing a product and put it on YouTube and put your affiliate link in the description.
The way I’d go about it if I was starting now (to be honest I’m fairly a beginner haha), is I’d join Amazon’s affiliate program and start doing book reviews for books that changed my life
Sidenote: I’ve actually done it, you can see here different reviews of books I’ve made:
- Elon Musk Book Review – The Real Life Ironman
- The Alchemist – Book Review (And How It Changed My Life)
- Money Master The Game – Book Review
- On the Shortness of Life By Seneca – Book Review
2. Creating Your Own Website and Sending Traffic From Google Using SEO
This one is super common as well. Basically, you set up a website about a certain topic, and Google sees that your website has a lot of great content and they send people to your website when they search for relevant keywords. You then put ads on your website using Google Adsense for example, and bam! You start making passive income.
So if you have a website about weight-loss and someone searches for weight loss or a similar term and they find your website you get free traffic and you make money if they click on an advertisement in the website. Pretty cool right?
I’ve previously made a video tutorial how on to start a blog in minutes. You can watch it here
3. Putting Ads in Your YouTube Videos
If you love making videos and you like being in front of the camera or you can otherwise add value to people and get a lot of views then this way might be worth considering for you. Basically it’s very similar to making a website and getting traffic from Google, only this time you make a YouTube channel and you get traffic from YouTube? Got it? Ok awesome!
You can also monetize your YouTube channel by selling and promoting your own brand, the options really are endless.
Good examples of this is the YouTube channel Kinobody. Greg O’gallagher, founder of Kinobody, built a 7-figure online business by using YouTube to promote his brand.
Greg O’gallagher, founder of Kinobody, built a 7-figure online business by using YouTube to promote his brand.
4. Selling Ebooks on Amazon Kindle
This method is something that I’m pursuing now. Basically you write or outsource the writing of a kindle ebook and you publish and sell it on Amazon. This method is actually a lot easier than what most people think. You can write an Ebook as short as 20 pages as long as you solve your reader’s problem. I’ve been experimenting with it recently and got great results from it so I’m diving head first and document it in my
I’ve been experimenting with it recently and got great results from it so I’m diving head first and documenting my journey in my Zero To Hero Episode experiment. I actually made $2 within 36 hours of publishing an Ebook on Amazon so obviously I’m very excited about creating more and more Ebooks to grow my passive income streams online.
UPDATE: I just published a complete guide about the Kindle Publishing. Check it out – How to Write Ebooks And Sell Them On Amazon – A Step-By-Step Guide.
5. Drop Shipping
This method is quite interesting. It involves having an online store selling a physical product. But you don’t own the product. Instead, every time you get a sale, you order the product from the manufacturer and deliver it straight to your buyer’s address.
So for example, let’s say you have an online store selling water fountains. Congratulations! You’ve just made a sale for $1,600.
You then send an Email to the manufacturer of the fountains, and ask to order a fountain to your buyer’s address. You pay $700 for the fountain and another $100 for shipping and delivery, meaning you earn $800 in profit!
This method can be quite profitable, and once you scale it up and promote many different products you could be earning thousands of dollars a day. Yes, a day.
I wouldn’t recommend this you if you haven’t made money online yet, as it can be quite complicated to setup and frustrating.
A great resource on the topic is a blog by Johnny FD. He made a lot of money with drop shipping and eventually sold his store for $60,000.
You can see Johnny sharing how he got successful with drop shipping here:
6. Developing Mobile apps
I’ve already shared this before in my post “How I Make 300$+ a Month with Android Apps“, so I’m not going to cover it in detail here. Basically you develop an app, put an advertisement in it, upload it to the app store, get downloads, and start making money. I’ve used this method before with a lot of success, and it allowed me to move out of my parents house and quit my part-time job when I was 19 years old. That was 3 years ago. I’ve stopped working on my android app business but it still consistently makes me $300 every month without failure. It’s really cool to see it in action.
The downside is that it’s hard if you don’t know how to program or code. I’d recommend this route only if you’re an experienced mobile app developer and you love programming. Personally I don’t really enjoy coding that much.
7. Creating and Selling Your Own Products Online
This one is classic! Basically you come up with an Ebook, online course, guide, report, etc. and you sell it online. You can then market it to people and try to get sales on a consistent basis. This method can make you rich but it’s also very difficult compared to the other methods, especially if you’re just starting out.
You see, the problem with creating your own product is that you have a lot of moving pieces. You don’t know if your audience will buy it, you’ll have to put a lot of time and effort and money into creating it. Maybe you’ll also need to learn a lot of new skills like how to shoot and edit videos, etc.
This option is recommended only for advanced internet marketers. I personally choose not to pursue it until I feel I achieved a higher level of mastery at whatever I’ll want to teach other people. But that’s just my 2 cents on the topic.
And there you have it! 7 Ways to create passive income streams online. I hope that this article was useful and that it’ll kick start your journey to make money online. I’ve written a more in-depth version of this article as an ebook and I sell it now on Amazon. It’s called “Passive Income Millionaire: 7 Passive Income Streams Online To Make $200-10,000 A Month In 90 Days And Work From Home”.
Yes I realize the name sounds very salesy, that’s because I’m trying to sell it on Amazon! haha. Anyways check it out
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
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