I’ve come through hundreds of different passive income opportunities and come up with my list that actually work today. These are highly realistic and profitable ways for you to earn passive income doing a business that can still succeed, so make sure to read until the end to get the full scoop on each idea.
So, the first passive income idea is selling digital products. This should be able to make you between six to seven figures per year digital products are the best type of consumer products you can sell, period it’s going to take a lot of convincing to make me think otherwise. Not only are the profit margins astronomical, your products sell 24 hours a day 365 days a year. You only need to make the product once imagine making it. Let’s say a PDF once and then be able to sell a digital download of it for the next few years. That is the epitome of passive income, for example, I created a course and it sells on autopilot to this day. Yes, it was a huge investment of my time up front, but after that initial creation process, there is not too much. You need to do and think about the product cost for me besides an annual platform fee. I play Kajabi. The cost of fulfilling an order is literally zero dollars so given that I don’t run paid ads. I do everything organically. My profit margin on a sale is almost 100.
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You can’t say that about physical products at all. If you want to get into the affiliate space where you can basically have people promote your product. They earn a percentage of the sale then digital products like courses are perfect since we have so much profit to work with you can pay huge affiliate commissions. I’ve seen some people pay up to 50 commissions for digital products which means you’re going to get a lot of people who want to promote your product with physical products. We are working with way smaller profit margins of let’s say 10 to 30 percent and therefore you’re only able to pay out. Let’s say like five to ten percent to Affiliates which makes attracting these Partnerships a lot harder and then going back to the awesomeness of digital products. I’m not the only one that’s making money from courses and digital products like that. There are so many more successful people, people in space that are absolutely crushing it. I probably have like 50 plus friends all doing really big things in the space. Unfortunately, my own digital product sales make up less than five percent of my income. But, as you can see there are people who have really cracked the code doing six to seven figures per month. Your audience is the entire world pretty much since they’re sold on the internet.
It’s a location Independent Business meaning you don’t need to be limited to one location. So, if you want to sell digital products and make passive income first choose a skill or knowledge that you have and turn it into something that others will find useful. If you’re a pro photographer create a course on that if you’re an expert at productivity teach people how to be more productive heck. You can even sell font template ebooks. Really the whole list is endless. You just have to identify what value you can offer and package it up as a digital product to offer free value to people to build up some eyeballs on social media. That will help you create organic sales overall digital products are an amazing Niche to get into. I really think that a lot of you watching this will crush it. A lot of people are creating their own e-commerce businesses this year for passive income.
Another really effective passive income idea is a super niched form of affiliate marketing where you sell leads for service-based businesses with this the income is pretty uncapped. You can get really creative, so, basically, there are tons of businesses local to you or in your country businesses like Landscaping pool design accounting firms solar companies really the list goes on something that all of these businesses needs more of is leads and that is where you come in. Basically, you’re going to be creating content on a website that attracts people looking for information on these services. For example, you make a website that’s about solar energy 101. All free information about solar panel installation. Whatever it is naturally the people who land on your website are in the process of or are already actively interested in getting solar panels or solar energy which presents an awesome opportunity where you can actually refer them to a select few solar partners that you have connected with each referral. You can charge them a set amount of money let’s say a hundred dollars per lead or a thousand dollars per referral or something like that it all depends on how much money. The business will make as a result of the new business, so you can see how this can quickly scale since so many people are looking to add solar energy to their homes. If you have a well-performing website that ranks on Google for certain Search terms. Then you’re going to absolutely crush it, you can apply this concept to social media, for example, running a TikTok page or doing Instagram or YouTube.
Overall, this is a form of affiliate marketing except that it’s geared toward leads and referrals to small businesses that perform Services. You have a smaller target audience but huge commissions on the back end that can really make this passive income Source extremely profitable. I will say that the hard work comes in creating the website and content to get eyeballs but then figuring out a good crave way to refer those eyeballs to service-based businesses will be where the passive income comes from. It’s a system that works on the back end 24 7 with the entire internet as your possible viewers. Plus, you don’t need to pay for ads as long as you’re focusing on organic content and so your profit margins are going to be astronomical. I can guarantee that demand for leads is basically infinite and businesses are always willing to pay a ton that’s because the math works in their favor and so it really is a win-win situation. So, a content-based lead gen website with strategic Partnerships, with businesses can be an amazing business opportunity that leads to passive income next up is making YouTube videos and more specifically YouTube automation.
This can allow you to make over a thousand dollars per day on AdSense now you’ve heard of millionaires becoming made with YouTube and it’s no joke more and more people are becoming successful on YouTube ad rates are high and the platform is only growing from here, there’s eight-year-olds like Ryan Kaji taking home 26 million dollars in one year25-year-oldss like my friend Brian Zhang who made 3.7 million dollars last year and yeah right now YouTube has more than 2.6 billion monthly users around the world making it the second-largest social media platform under Facebook what’s really cool is that you don’t have to have a huge following online to make a living in certain niches you can make between 30 to 80 dollars per 1000 views which is what Jessica Stansberry was making back when she had 66 000 subscribers. I have a lot of personal experience with monetizing a YouTube channel.
I think a lot of people are still sleeping on it not only can you talk about things you like or express your creativity but videos they’re like pieces of real estate meaning that they generate money from the time you post them until forever. I’ll say that this is probably the hardest one that starts out of everything on this list. I just want to be real with you guys because most people who start making videos, don’t ever end up making money from it. it takes a lot of time and consistency to be able to generate a monetizable YouTube channel and most people just get burnt out and lose the passion for making videos. But, if you can spend months to years creating consistent content I guarantee, you’ll have a channel that makes money. If you don’t want to be on camera and want a truly passive income source with little time commitment, then I actually recommend looking into a faceless YouTube channel with YouTube Automation. In this business model you basically hire out script writing editing voice over thumbnail making and everything else to produce faceless videos. People are seeing a lot of success with this and it’s a great alternative to a more traditional Channel like mine where my whole face is plastered all over the channel. YouTube automation is far more passive.
But, it’s still in its infancy stages. However, while I build that up I can actually monetize heavily on my other channels. It’s really great because of this channel. I now have a business that makes AdSense Revenue 24 7 365 days a year on autopilot Google’s AdSense platform handles all the ads on the channel. They give you 55% of the ad Revenue that comes in while taking a 45 cut and in 2021 my channel generated about 800 000 in revenue of which I took home about 441 000. If I were to stop making videos today this channel would continue to bring in ad Revenue although it would slowly go down. So, this passive income stream totally works and I’m proof of it. You can get paid to make videos and it just requires a lot of patience and quality content. If you’re not down to be on camera like I said there are ways to make money through faceless channels. Overall, the list is really endless with content creation and I just want you to know that if you can get eyes watching your stuff there will be an infinite number of ways you can monetize in the future. Overall, it’s a fantastic way to make somewhat passive income through content next up is investing and the amount of money you can make with. This is pretty much unlimited so if everything on this list is the one that everyone should be doing all the time along with whatever other side hustles or businesses. You’re doing this one should always be happening in the background because if you invest a certain way, you’ll find that you can make money spending less than a couple minutes per a week historical data has shown that since the 1970s.
This article is a transcription of a video made by Charlie Chang
Original video: https://youtu.be/savozM2ZJdg