This is the most thorough guide you will find on the internet that teaches you how to earn passive income with no money.
How would you feel to wake up from the bed and see something like this:
I know, You will be the happiest person on the planet.
So what can we do to create some source of income like this? Which requires some minimal work but pays all year. The answer: Passive Income.
If you don’t know then let me make it clear, passive income is a source of income that generates most of its revenue while you are sleeping.
There are basically two sources of income: Passive and Active.
Passive income is something that generates money for a long time after you have set it up and given it the initial boost. Whereas,
Active income is a source that gives you money only when you actively work such as a job in CNBC or a writer at The HuffPost.You can't be rich until you make money while you sleepClick To Tweet
So the question arrives, how do we create a source of passive income for ourselves? That’s what we will discuss in this post, keep reading
Although passive income is completely passive it requires some active work to get the ball rolling. That’s why you must have patience
You need to be patient. With that out of the mouth, let’s explore few ways to make passive income online with no money.
Courses are absolutely passive. Once you create a high-quality video course with worksheets and a helpful Pdf. You are gonna make money absolutely while sleeping.
Few things to keep in mind while creating a course:
- Make the course actionable
- Include some pro tips that you typically don’t share
- Make the videos professional
- Create a step by step process A.K.A table of contents
- Make sure you give enough value.
The problem with courses is that they need to be marketed properly or else they won’t sell. You can learn how to get free traffic to your course here.
Recommended: Affiliate Marketing
Blogging is a great way to share your thoughts and make some passive income. When I talk about some, I mean 6 to 7 figures a month with blogging.
TO start blogging you need a domain name, which you can buy from Godaddy or Namecheap.
Next, you need a hosting provider, Go for Bluehost as its best. Sign up for Bluehost from here and get it at just 3$ per month.
After you sign up for Bluehost go ahead and change your nameservers ( You don’t need to do this if you bought the domain and the hosting from the same provider).
Then install WordPress and start the game. Submit your sitemap and install the Yoast SEO plugin and then start writing SEO friendly articles.
Your article will rank on google and you will start to get some traffic. Although blogging is a bit of saturated you can still rank on Google with some perfect SEO tips.
3. Passive income from Youtube
Youtube is now the 2nd largest search engine in the world after it’s parent Google. A Youtube channel can provide you sufficient amount of income for every month.
But don’t get carried away as it is not the game of a night.
Yes, it will take a long time to grow on youtube. You need to consistently upload videos and keep on sharing those until you get the ball rolling.
Here are some of the tips that will help you get started:
- Upload consistently: No matter how big you are on youtube you need to be consistent on it. Keep on putting out good content on your channel and you will see your subscribers rise.
- Upload longer videos: Most people say that your videos should be of approx 2 to 3 mins. Let me tell you this is BS. Youtube loves watch time and if your videos get a lot of watch time then youtube will promote it like Logan Paul promotes his merch.
- Customize Your channel: Channel customization is really important on youtube as it creates a sense of branding. Upload a good channel art and a good channel logo. You can get a great channel logo and banner here at just 10$.
- Use good CTA: Always use a CTA like subscribe to this channel if you want to see more cool videos like this. A CTA increases your subscription rate and as a result, you get more subscribers.
Ok, enough tips now some rock bottom advice.
Creating a source of passive income is great but it requires a lot of active work at first. So only start a Youtube channel when you are passionate enough.
Now, the billion dollar question comes how much money can you make from youtube?
Well, the answer is simple. It depends on your quality and the quantity of your audience and how and what are the ways that you use to monetize your channel.
If you have a million subs then you can make around 500$ with 1 sponsorship. 5000$ from ad revenue and few 1000$ from affiliate marketing. ( Approx )
Alright, let’s move on to our next way.
4. Instagram Marketing
Instagram is currently the most profitable social media sites out there. If you have an Instagram account with at least 1 million followers. You are gonna make 500$ per day or more.
Now, the question comes how to get Insta famous?
The first step is to make an Instagram account and customize it with a profile photo and a professional bio. Then pick a niche.
A niche will determine what kind of sponsorships you will get. So choose it wisely.
Then post quality content on your Instagram consistently. Use hashtags properly and you will see your followers come in.
These are some of the ways you can make money passive income online. Hope you liked it. Share this post with all your friends and family. Comment if you have any issue. Thanks for reading.