How to Make Passive Income Online in 2020: 3 Ways to Make Passive Income Without Investing or Real Estate. Making Money in Your Sleep Doesn’t Happen Overnight, but you CAN Make Passive Income (Automated Income) with hard work and the right passive income strategies.
Two of my strongest Passive Income streams each earn me over $6000 on average each per month, that is $200 per day in Passive Income, each, and they are not my only income sources. None of this is to brag and none of it happened overnight. But it does demonstrate that it is in fact possible with the right amount of skill, time and effort.
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Passive Income Strategy No. 1 YouTube
YouTube Ad Revenue has helped me to make Passive Income Through Evergreen videos on YouTube that keep getting views indefinitely. YouTube does require work up front but the ad revenue is passive income if you keep earning money months or even years after you make a solid video.
Passive Income Strategy No. 2 Affiliate Marketing
Affiliate Marketing. Despite Skepticism, Affiliate Marketing is just commission sales, no different than selling a real estate property or a car. However when done well you can make recurring passive income, by selling software as a service where you get a 10%, 30% or even 50% Affiliate Sales Commission every month as long as a customer keeps the service. This is as close as it gets to truly passive income.
Passive Income Strategy No.3 Digital Products and E-commerce
Digital Product Sales are actually a very practical form of Passive Income that puts you in control more than Affiliate Marketing and YouTube Revenue. However this takes the most time, effort and talent and real skill to pull off. You have to deliver value for your customers and build a solid system to keep generating traffic and leads.
RESOURCES MENTIONED IN THIS VIDEO (affiliate links)
MORE VIDEOS ON PASSIVE INCOME
How to Make $100K/Year https://youtu.be/_yf7CYWq8Fg
Affiliate Marketing Step by Step https://youtu.be/8ktwaFhjj_o
How to Start Affiliate Marketing in 2020 https://youtu.be/M8-oTSOfurY
10 Websites for Making Money Online https://youtu.be/EBKXZCu5syY
Stop Trading Time for Money https://youtu.be/K1yc4qvJbMc
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Roberto Blake is a Creative Entrepreneur, Keynote Speaker, and YouTube Certified Educator. He is the founder of Awesome Creator Academy and host of the Create Something Awesome Today Podcast.
Roberto Blake helps entrepreneurs and social media influencers, through educational videos on YouTube, motivational content on Instagram and career development advice on LinkedIn, as well as offering 1 on 1 Coaching and a Group Coaching Program.
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*Disclaimer: None of this is to be considered financial advice please consult a certified financial planner.