Welcome to my Best 6 Ways to Earn Passive Income for a Lifetime blog post. All those methods are proven to work and you can make $400 per day without any hassle.
I’ll be going over today how to make a truly passive income. So, I see a lot of people talking about passive income, passive income, passive… And a lot of the methods they’re teaching it’s not really passive income. I’m going to be showing you ways that you don’t have to do any work. Like zero work and have the money come in on this video. And I’ll be listing them all out right here. Giving you examples of each of them. I’m going to go over six methods to make passive income.
And keep in mind that these methods are not ranked in any other. I put numbers to them but they’re not it’s not like one is better than the other. But these are going to be truly passive income methods.
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Introducing Myself – Best 6 Ways to Earn Passive Income
I am Raju Bhadra working with online marketing since 2012. At the very beginning, I worked cash my link CPA company by promoting watching movies. Then in 2014, I worked with Clicksure and Clickbetter. I promote their products by reviewing. After that, I was outside a few months for my LLB and LLM graduation. Then After 2016, I started to promote WarriorPlus and ClickBank Product and The Four Percent Group. After 2017 I started to release products in WarriorPlus. I released over 50+ quality products in WarriorPlus. Now at present, I am promoting various JVZoo products and My main focus on LEGENDARY MARKETER because I LOVE High Ticket Program and everyone should join a High Ticket Program.
Purpose of This Answer-Today Blog – Best 6 Ways to Earn Passive Income
I am honestly saying my one and only purpose is to help people who want to make money online. When I was a green newbie I had searched for everything here and there and most of the time I don’t get the exact answer to my questions. So, I decided if I can then I will make such type of blog from where people can easily get their basic questions to answer. I will try my best to provide the best answers to your question.
What is Passive Income? Best 6 Ways to Earn Passive Income
Passive income means you don’t have to work for it. This means you don’t have to actually have really anything going on. You don’t have even have to have a website. You don’t have to pay any bills. It just comes in and it goes to your bank account there’s nothing going out. There’s no work or any money you have to spend to get it.
Best 6 Ways to Earn Passive Income for a Lifetime:
Method 1 – Writing Books:
The first one which is writing a book, okay? Now, this process has been made very easy through the Kindle Store. Now, if you go on amazon.com, you can find… The Kindle allows you to self publish using Amazon. So, you don’t any longer have to deal with publishers other than Amazon. You don’t have to warehouse your book. You don’t have to produce your book. It’s literally an e-book. All you have to do is write it. And Amazon whether you don’t need a website or anything for it. You just let Amazon host the book for you. Sell the book for you and that’s it. So, writing a book is a very good way to make passive income.
Method 2 – Peert to Peer Lending:
Now, the second method to make passive income is pretty interesting. And it’s called peer-to-peer lending. Sort of like an investment. But you don’t even have to actually invest if you’re using peer-to-peer lending. You can actually use your own credit. So, if you just have a credit score, you can use your credit score to make money. Peer to peer lending. You can also loan money. And what these are is microloans. So, in the past or you know still today, big banks loan people money because banks have all the money. But nowadays, because of the internet essentially, anybody can loan anybody else money. And these microloans, I think on average about 11% interest on.
Which is really good. That’s much more money than you’d earn if you keep it in a bank. You know or you know that’s like 2% or if you keep it in. Even just like you know, money market accounts like 4%.
Method 3 – Affiliate Marketing:
I’d love to know if you’re doing affiliate marketing with you know Pinterest or you know, Pinterest and Clickbank, right? Or if you’re doing it with you know Google and ShareASale. Or you know Facebook and Commission Junction. Whatever you’re doing, let me know. But affiliate marketing is how I earn a lot of money. And I have multiple income streams within affiliate marketing that pay me out residual commissions. A lot of people do affiliate marketing the wrong way and they don’t earn passive income, okay? There’s… Most ways of affiliate marketing will not earn new passive income. The way I recommend people do it is you do programs that pay you recurring commissions, okay?
Now, if you get one sale, let’s say I go really hard I’m doing a lot of affiliate marketing. If I shut down everything today if I shut… If I stop paying all my website bills, I just didn’t have any presence online, I deleted my YouTube channel I just said, “Screw it all.” I would still have commissions coming into me every single month because I’ve joined a number of affiliate programs hosting companies, training companies, etc that pay me recurring commissions. I make roughly… It’s something crazy like 60 or 70 thousand dollars a month just recurring. So, if I shut down everything I’d still be making… You know to go down over time, you know to be 70, that’ll be 60 then it’ll be 50. And that’s how you make passive income.
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Method 4 – YouTube:
It’s YouTube. Start a YouTube channel. The YouTube channel isn’t going to be passive income if you’re posting up videos every day, right? Like I’m here doing work. This isn’t passive. But you know, I had videos from years ago that are still getting a lot of views. And not years ago… I mean, it’s been like a year or something. But I have a video from like a year ago that’s still getting lots of views and I make money from it. And I only make you know a couple of hundred bucks a week or something like that. But I don’t have to do any work for those videos. Those videos are hosted by YouTube. They’re there. People buy ads on them. So, I make money on them. So, very easy to do a YouTube channel. I think it’s great you have to be entertaining.
You have to be comfortable to get in front of a camera. And you have to have something interesting to say. There’s a lot that goes into YouTube and you need to hire good editors if you really want to do it right. Or you need to learn to edit. But everything you can do on your mobile phone. So, you really don’t need any money to get started on YouTube. And it can become a large passive income source.
Method 5 – Stock Investing:
The next one is stock investing, okay? So, you can invest in stocks. And stocks will earn you money. You don’t actually have to do any work for it. Because you what you’re doing is you’re letting your money work for you. That’s passive income. You’re not doing any work for it. It’s just sitting there working for you. And the real way to retire is when you have enough passive income to support the rest of your life. And if you were just to go off of stock investing and very let’s just say conservative gains.
The conservative portfolio would gain about 4% a year. So, if your lifestyle costs $40,000 a year, then you need a million dollars in stocks and you are retired. You have enough passive income to supplement your lifestyle. And you will never have to work for the rest of your life. As long as you don’t go about 40,000 a year.
Method 6 – Real Estate Investing:
Real Estate Investing, I kind of recently got into it. I’m not really big in real estate investing. I bought my first investment property. But it’s really just a piece of land. So, I’m not actually making money from it. It isn’t creating me any passive income. But there are ways to do real estate investing such as buying duplexes or buying you know four-unit apartment buildings or stuff like that where you have people paying you to rent every month.
And they’re paying you more rent than what your mortgage or your loan is on the property. So, that’s a really great way to get passive income as well. But I don’t believe real estate investing is as people make it seem.
My Opinion – Best 6 Ways to Earn Passive Income
Let me know in the comments below. I’d love to hear what you’re most interested in. And whichever one gets the most votes or comments, I will end up doing a video going more in-depth on that. I actually don’t even think I’ve done a recurring revenue affiliate marketing video. I’ll probably do that anyway. All of these methods are great ways. Build up that passive income because that’s how you retire. And that’s really the important thing. You’d like to never anyone to be great you never have to work again. Even if you wanted to, never have to. And just always have that safety net of money coming in.
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