Stories abound of people who make 50k a month off of affiliate marketing, like Michelle Schroeder-Gardner, who sails the world with her husband. It’s not all of my income I do consulting, speaking, and a bunch of other non-passive stuff. I make passive income off of Roostervane even while I sleep. Some of these things, like advertising or affiliate marketing, are totally passive. You can make money from display advertising, affiliate marketing, coaching, speaking, and about a billion other things. You buy a domain name, and write some stuff online that people hopefully read. The economics of blogging are pretty straightforward. It’s so fucking possible, and so few people will do it.Īt the end of the day, if you can create amazing written content (or video, but we’ll get to that), you can monetize it. But I still swear that this is one of the single best ways to generate passive income. I don’t really even use the word “blogging” anymore to talk about what I do. I’m re-writing this post in December of 2022. It’s freaking awesome and the place where I host my courses and community. If you’re creating a course-based business, the platform I recommend is Mighty Networks. And people are so tired of canned courses, they’re willing to pay a premium for live instruction. But honestly, you can friggen PRESELL the thing - meaning you can charge before you ever teach the course. The thing that sucks about this, contrary to a prerecorded course, is that it’s not TOTALLY passive. If you’re trying to figure out what works for courses in 2023, here’s my recommendation. Don’t think about “personal finance.” Think about “personal finance for millennial working moms.” The more niche you can be, the more likely you’ll make money. It’s the only way to win with courses now. So here is my BIGGEST piece of advice - ignore it at your peril. It’s getting harder and harder to actually make money off an online course. Most of the advice out there is bullshit. Platforms like Udemy or Skillshare are ready-made to bring your knowledge to the world.īut here’s the real truth about building an online course. One of the things I think smart people need to do to make their income work is to teach it! And with so many online course platforms out there, you really don’t need to be a prof at a university to teach your knowledge. We only promote products we’ve used and love. This post may contain links to affiliate products, which–if you choose to purchase–pay us a commission at no extra cost to you. I hope that these 14 passive income ideas help you work with what you’ve got, and think differently about growing your wealth! And I think more of us should be open to some less-known types of passive income. The thing is, I think that some of the things people talk about as “passive income” are bull$#*t. And while I have seen a lot of posts with passive income ideas, I wanted to create this one specifically for the people who read this blog. Passive income, AKA making money while you’re sleeping, can come from many different places. Could I get passive income? I was commuting into the city, sitting in a grey cubicle, and dreaming about a world where I didn’t have to trade time for money. While I was working for THE MAN, spending hours every day at a job I hated, there was a dream that just wouldn’t quit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |