Passive income is a real thing, and it’s not what you think. In this post, we’ll explore what passive income is and how you can earn money while doing something else.
What is passive income?
Passive income is money that you earn without having to work for it. That’s right, passive income is not a myth! Anything that generates revenue on its own, without your intervention or interference, can be considered passive income.
Why does this matter?
Because if you have a dream of quitting your day job and living the life of your dreams as an entrepreneur or freelancer who makes over $100K per month, then passive income is the key to making that dream a reality.
In fact, it’s possible for anyone with a good idea and some initial capital needed to get started!
All you need is a little know-how about how it works—and this article will give you all of that knowledge in just under 20 minutes!
How can you earn passive income?
There are a variety of ways you can earn passive income. Some people choose to sell digital products such as ebooks, websites and online courses; others may create physical products like clothing or jewellery; and still other people will simply rent out their property to tenants.
Many business owners make the mistake of thinking that they only have one option for earning passive income: creating their own business and working hard every day in order to make it successful. While this certainly is one way to generate income, there are many other options out there as well! As long as you have an internet connection and some motivation, your options are truly limitless!
People often ask me how I made my first $1000 online through affiliate marketing without any prior experience or knowledge about SEO or anything related… The truth is that anyone can do it if they put in enough effort (I didn’t even know what SEO was at the time!).
Is passive income real?
Passive income is real and it’s not a get rich quick scheme. You might have heard about passive income, but you’re still wondering if it exists. The answer is yes! Passive income is possible and there are many ways to earn passive income. It may require some work up front, but once your business starts earning money for you, then you can sit back and relax—with no need to watch the clock or worry about bill payments.
While it’s true that making money becomes less of an issue when you start earning passive income from your investments—like dividend stocks or rental properties—it can take time before this type of business becomes profitable enough to support your lifestyle needs (including retirement) without having to go back into full-time employment again later on down the road when necessary due…
Passive income is not a get rich quick scheme, but can help you make money while you sleep.
Passive income is not a get rich quick scheme, but can help you make money while you sleep. It takes time and effort to build up your passive income streams, but it’s worth the effort if you have the patience to see it through.
Passive income is a long term goal. You will have to do the hard work to build up your passive income streams before they start flowing in by themselves without any additional input from you. Patience and perseverance are key for success!
Passive income isn’t easy money. You need to do the hard work first before your earnings flow in by themselves.
You’re probably wondering, “Is passive income real?” In short, yes. Passive income is very much possible—and it’s not just limited to your bank account. But like most things in life, there are sacrifices that need to be made before you can start making money while you sleep (or while you do anything else).
Passive income isn’t easy money. It requires hard work, which means that you’ve got to be willing to put in the time and effort necessary to make it happen. You’ll want to be ready for some risks; with risk comes reward! Finally, don’t forget about learning new skills—you’ll need them if your goal is getting paid passively!
We hope this post has convinced you that passive income is real and not a scam. It requires hard work, but the rewards are great. If you’re still not convinced, then we completely understand! We wish you luck on your journey to earning more money for yourself and your family.
Top 5 Tools To Get You Started on YouTube
Very quickly before you go here are 5 amazing tools I have used every day to grow my YouTube channel from 0 to 30K subscribers in the last 12 months that I could not live without.
1. VidIQ helps boost my views and get found in search
I almost exclusively switched to VidIQ from a rival in 2020.
Within 12 months I tripled the size of my channel and very quickly learnt the power of thumbnails, click through rate and proper search optimization. Best of all, they are FREE!
2. Adobe Creative Suite helps me craft amazing looking thumbnails and eye-catching videos
I have been making youtube videos on and off since 2013.
When I first started I threw things together in Window Movie Maker, cringed at how it looked but thought “that’s the best I can do so it’ll have to do”.
I soon realized the move time you put into your editing and the more engaging your thumbnails are the more views you will get and the more people will trust you enough to subscribe.
That is why I took the plunge and invested in my editing and design process with Adobe Creative Suite. They offer a WIDE range of tools to help make amazing videos, simple to use tools for overlays, graphics, one click tools to fix your audio and the very powerful Photoshop graphics program to make eye-catching thumbnails.
Best of all you can get a free trial for 30 days on their website, a discount if you are a student and if you are a regular human being it starts from as little as £9 per month if you want to commit to a plan.
3. Rev.com helps people read my videos
You can’t always listen to a video.
Maybe you’re on a bus, a train or sat in a living room with a 5 year old singing baby shark on loop… for HOURS. Or, you are trying to make as little noise as possible while your new born is FINALLY sleeping.
This is where Rev can help you or your audience consume your content on the go, in silence or in a language not native to the video.
Rev.com can help you translate your videos, transcribe your videos, add subtitles and even convert those subtitles into other languages – all from just $1.50 per minute.
A GREAT way to find an audience and keep them hooked no matter where they are watching your content.
4. Learn new skills for FREE with Skillshare
I SUCK reading books to learn, but I LOVE online video courses.
Every month I learn something new. Editing, writing, video skills, how to cook, how to run a business – even how to meditate to calm a busy mind.
I find all of these for FREE with Skillshare – Sign up, pick all the courses you want and cancel anytime you need.
5. Shutterstock helps me add amazing video b-roll cutaways
I mainly make tutorials and talking head videos.
And in this modern world this can be a little boring if you don’t see something funky every once in a while.
I try with overlays, jump cuts and being funny but my secret weapon is b-roll overlay content.
I can talk about skydiving, food, money, kids, cats – ANYTHING I WANT – with a quick search on the Shutterstock website I can find a great looking clip to overlay on my videos, keeping them entertained and watching for longer.
They have a wide library of videos, graphics, images and even a video maker tool and it wont break the bank with plans starting from as little as £8.25 ($9) per month.