Passive income generation is one of the most important things you can do to have a much more secure financial future, especially in light of everything else that is now happening in the globe. Although I am aware that there is a lot of false information out there, we have all come to the realisation that there is no such thing as job security. As a result, I want to explain to you how you can start making passive money.
The truth and the fact are that when we say passive income, we’re talking about automated income automation is currently displacing a lot of work as it is right now and there are people who profit and benefit from how automation allows a customer to put money in and get value out. It’s kind of a vending machine-based model of exchange instead of trading time for money. Let’s just be honest hasn’t exactly been working out for a lot of people.
The most important thing to understand about this and why passive income particularly the type that I’m going to get into is not a get rich quick scheme. It didn’t work out quickly for me that’s a big part of it but the other part of it is just understanding that we’re talking about exchanging value that’s a big qualifier and nobody ever actually made money in their sleep overnight. It was a process and it requires specific skill sets and information.
I’m going to talk to you about uh three specific ways how you can start making a thousand dollars a month in passive income and I’m going to start with one that might be obvious to a lot of you the funny thing about the concept of there being no such thing as passive income is that every single youtuber that you’ve ever heard say that nonsense. The funniest notion about influencers and people on social media on YouTube and tick tock who say this nonsense. They’re all making passive income as content creators.
We’re talking about automation we’re talking about a mechanism where they’re generating money without actively trading time for their money, they’re getting paid residual income from content that they may have created weeks months or even years ago and I know this from personal experience here on YouTube.
Another method of passive income is e-commerce and directly selling to an audience instead of taking revenue from a platform you can obviously do both and that would be a really good way to earn passive income. The most obvious way for a lot of people is print on demand products such as t-shirts hats even posters and things of that nature. Now the margins on these actually in many cases end up being about the same as if you wrote a book and sold it but it’s a lot easier to design a cool t-shirt or hoodie based on a meme or a slogan or an affirmation.
Another way you can make passive income is affiliate marketing and affiliate sales again this is something i know people get really sketched out about and want to say is a scam but it’s not i want you to imagine for a minute that you were getting 10 20 30 of every sale that you’ve ever made for your current employer.
you could also build your own software as a service and you can earn a lot of income from building an app or building a software most people myself included just don’t have that advance of a skill set to do that well or the time and energy to do that run it marketing invest in the servers all of these different things but you could tap into an ecosystem of a product that you already like that you already use and you could recommend it to people like you.
you can earn passive income through ad revenue from that you could make cool products whether they’re physical or digital that audience actually likes and enjoys and wants to have and people can put money in and get the thing that they want at and you don’t have to physically be part of that process. it’s a transaction the same thing for referring business to a company you already buy from you’re a trust you’re getting a cut of that transaction without having to be an employee of the company.
This is how people are making money in their sleep this is how people make a thousand dollars or more a month and this could be extra income or this could provide a very good livelihood for people either way and when you diversify like this with content creation selling your own products and affiliate marketing.
This is how most people who are social media content creators and influencers actually diversify their income and earn a full-time income as a content creator and now you know more or less the same thing that they know and this is how people are doing it.
