10 Ways to Make Passive Income Online
– Hey everybody, this is Roberto Blake,
of robertoblake.com helping you create something
So today we're gonna talk about 10 different ways
to make passive income online.
And I'm really excited about this,
because this is probably one of the most
important videos that I've ever done,
because this will actually help people
achieve financial freedom, make some extra money,
give themselves a raise, maybe put some money
away for their kid's college,
so I'm super excited about this particular video.
Now I'm not one of those internet gurus,
who is trying to sell you on the idea that
passive income means not having to work,
or get up early, or do anything like that.
It's freaking hard work and it's nothing new.
The top Fortune 500 companies in the world,
are making passive income right now.
You just have to change the way you've been
thinking about it, so that you don't think of it
as a scam or a myth.
And there's a lot of ways you can really
think about exactly how this works,
and has always worked.
And reality is that, right now,
whoever is doing the, or has the licensing
in Netflix for a show like Dawson's Creek,
or Roswell, or something like that,
from years and years ago.
Guess what, the actor's might not be making any
money from that right now, or they might.
It's called, they might be getting royalties.
But whoever controls the licensing,
and was able to sell that to Netflix.
Whoever had the rights to the whole thing,
they're making money years after that show
is already off the year.
The camera man, who showed up every day,
he's not still making money off of Dawson's Creek,
or Smallville, or whatever.
But whoever owns the licensing to that
intellectual property, is still making money today.
The person who invented the paper clip,
their descendants are still making money today.
So when you think about passive income from that
perspective, you realize that the largest
corporations in the world are raking in passive
income right now, while you're waking up and
grinding, which by the way,
you should probably still be doing.
But, they are doing that, and making money
on the backend. CEO's could probably stop working
today, but because they own their company,
they will make residual passive income everyday,
whether they show up and run the business or not,
or whether their general manager or their VP does it.
So, you have to start thinking about it
in that way.
So here are ten ways that you can actually start
making passive income, and a lot of them are
really easy, and you can do them right now.
For one thing, if you don't own your own
intellectual property, it's okay.
You can do what's called affiliate marketing.
Affiliate marketings from programs like Amazon,
or Commission Junction, or even through
individual web hosting companies,
like Blue Host,
and Go Daddy,
and One in One,
all allow you to sell their products,
or their services, and you will get a commission
for it. That's what affiliate marketing is.
So if you read a book, like, let's say,
the Ask Gary Vee book, which is one of the best
books to buy right now,
is a blue print for entrepreneurship.
So buy that book with the link in the
description below. See what I just did?
That is affiliate marketing.
So I want you to buy Gary's book,
and learn about how to be an entrepreneur,
or how to grow your business, and if you do,
I'd probably make a couple bucks.
So that right there, is a primary example
of affiliate marketing.
Now granted, you should do that for
things and products that you believe in,
and you know, and that you are reputable
to speak about.
If you're a photographer, talk about the camera
gear that you own, and review each piece of
lenses, and camera bodies, and your
lighting equipment, and get people to buy those
based on your recommendations.
Or recommend alternatives to those,
and that's a way to do affiliate marketing.
That's just one example.
You can do affiliate marketing whether you're
a photographer, an artist, a makeup guru,
whatever, it's something that you can do right now,
just by talking about products you own,
and products you love.
Now, a lot of you might be thinking,
well, if I do that, that doesn't necessarily
mean I can quit my day job,
or that I can create financial freedom for myself.
You'd be surprised, actually.
You'd be surprised.
I'm not allowed to talk about certain numbers,
from certain programs, but I can tell you right now,
that I do very well in Amazon.
I probably do somewhere between
1,500 and 2,000 dollars a month,
in Amazon affiliate marketing, right now,
based around my content.
So that's just a primary example.
I can tell you that other affiliate
marketing programs like Blue Host,
the web hosting company that I use,
and that I do affiliate marketing on behalf of,
whenever I get somebody to sign up for the
cheapest Blue Host plan, I get 65 dollars.
Right now, there are many of you watching this
video that are making 65 dollars after
working all day busting your hump
at your job right now. Whereas, if you were able
to actually get two people to start a new website,
you'd make 130 dollars for that day.
Granted, that will pay out 30 to 60 days later,
but again, this is the earning potential
we're talking about. And so, I would say that
taking advantage of programs like Amazon,
Blue Host, and Commission Junction are a really
good way to make passive income.
And, even if you have no intention of ever leaving
your day job, this will give you that 5,000 dollar
a year raise that your boss just isn't gonna give you,
and is not gonna write a check for.
So affiliate marketing is one of my favorite ways
that you can make passive income, but there are
other great ways that you can as well.
One of them, is creating your own products.
Like, writing a book? Or maybe your thing is that
you're really good at making music in Garage Band,
or Fruity Loops, or whatever. You can actually sell
products online, whether they're a book,
whether they're videos, whether they're music,
you can sell these products online in things like
Amazon and iTunes and Google Play, and you can
make passive income.
This is the same as the same big companies
that are selling their DVDs or their downloads.
You can do that too, and the beauty of it is
you can go directly to the marketplace,
and not need to sign with a label,
or a publishing company.
The guy who wrote The Martian, whose name escapes
me right now. He put his book out for free,
and his audience demanded that they
be able to read it on their Kindle,
and on their iPad. So he went directly to the
marketplace, and more people bought the book,
than downloaded the free version
when they could before. Or went to the website
and got the free version.
More people bought the book.
It was an instant Amazon best seller.
All of a sudden, all the publishing companies
that turned him down, and mocked him,
and laughed at him. All of a sudden,
they had to come crawling back, and they wanted
to offer him a deal, and that's how the book
went to print. And later, he sold the licensing
rights, which is another way that you can make
passive income, for that movie.
So licensing your content,
licensing your intellectual property,
whether it's the rights for your book,
or your idea to become a film, or a television
show, is a great way for you to make money,
and to get royalties so that you're paid for life
off of that, as well as sell the product directly.
So these are two great ways,
that you can make passive income.
And again, you can do this whether it's the
licensing of your idea for a movie,
whether it's selling part of the rights to your book,
whatever it is, you can do that,
and go directly to the marketplace
and sell your product, or you can license it to
somebody else, and make money on the backend.
Tip number four for making passive income,
is speaking of licensing,
there is a such thing as stock video,
stock photography, and stock audio.
By selling stock resources, you can actually
make royalties off of that forever as well.
If you're a photographer, and you shot some
great landscapes, or you have some stuff that you
bought from the dollar store, you shot against a
white background, like a piggy bank,
marketers like me buy stock photos,
by the drogues all the time to use for banner ads,
and for print ads, and for billboards,
and for things like that.
So you could make a lot of money off of marketors
and designers if you're a photographer,
and if you shoot video,
you can sell to video editors and to marketors as well,
as far as stock video, we're always looking for that stuff,
and we want that to be royalty free, so we'll pay
for the rights to use it, and if we want it to
be exclusive, we'll pay even more.
So producing stock audio, and selling that
to people in a marketplace like iStock,
or Audio Blocks, or Graphic River, or Invato,
all of those things are a way to make passive income
online forever, having done the work one time.
So if you make a lot of these things,
you stand to make a lot more money.
If you have like 100 beats to sell,
you can package and bundle some of them,
you can sell them individually,
and you can sell them in multiple marketplaces.
You don't have to do marketplace exclusivity.
You get more money if you do,
but you can sell them everywhere
and make a lot of money.
You can do the same thing with your photography,
or if you're a graphic designer,
you can make some simple graphics,
you can make word bubbles, you can make arrows,
you can sell banner ad templates,
you can sell website templates,
and this will make you money online.
So, selling stock graphics and stock audio
and stock video is a great way to make passive income,
because again, you're selling a product.
One of the other ways you can make passive
income online, is through online advertising.
Online advertising through Google ad sense
and other marketplaces are a great way
to make some real money.
Now granted, it's pennies on the dollar,
but if you have enough content in enough places,
it all adds up.
You could also use affiliate marketing banner ads
and links along with these Google ad sense pay per
click ads, and that could be a good way to make
some money in different ways.
So if you have a blog, you can do Google ad sense,
and you can do the other ad marketplaces,
but you can also use your affiliate marketing
there as well, and then you have more shots
at making real money.
So, I would highly encourage you to sign up for
as many of those marketplaces as you can,
and get in on Google ad sense, as well as some other ones.
A sixth way you can make passive income,
is through direct video marketing.
Now, this works in a couple of different ways.
There are video platforms outside of YouTube,
that pay you, like Daily Motion has a way to pay you,
and so does Vimeo, as far as paid on demand videos.
So you could use those marketplaces.
YouTube also is connected to Google ad sense,
and that is another way to make passive income.
So you can use video content, and pay video,
to make passive income online and that's
another great opportunity for you.
Another way you can make passive income online,
is through sponsored content.
Now, the way sponsored content works,
is very different, depending on who the sponsor is.
You could get what's called, pay for performance
sponsorship, which means that they will pay you
in proportion to how many views that you get
for your content, whether that's a video,
whether that's a blog post,
whether it's a podcast.
They'll pay you based on either the downloads,
or the views, or what have you.
And that's another great way to make passive
income online. Some people want to pay you a flat rate,
and that's okay too. Another option is also,
they could pay you a commission based on
what's called cost per action, meaning if your
videos translated to a sale for them,
and it's trackable, they will pay you for that.
So it's similar to affiliate marketing,
but it's a little different.
Because instead of going to the marketplace,
you have a direct deal. The commissions for that
could be higher, than if you did affiliate marketing,
affiliate marketing is usually lower percentages,
anywhere from four to ten percent,
but when we're talking about direct sales,
it could be higher. So just look into that.
Speaking of sales, another great way,
and I think this is number eight,
to go ahead and make passive income online,
is what's called joint venture partnerships.
So if somebody's launching a product, or a course,
and you're what's called a JV Partner,
a joint venture partner, you can sell on their behalf,
and they will cut you in for the profits,
and this could be 20%, 30%,
or even upwards of 50% and that's great.
Now, you might be wondering, why somebody might
do that, but the reality is, selling stuff is
harder than people think. So if you have ten people
out there selling for you, getting 50%
of the sales of ten people, is much better
than getting 100% of just the sales you can
bring in by yourself.
So that would be another great opportunity.
So you can look for joint venture partnerships,
by either working directly with entrepreneurs,
people in your network, or just do a Google search
and find out whose looking for JV Partners,
and see what you can bring to the table.
Another way of doing passive income online,
is network marketing. I'm not the biggest fan
of network marketing personally,
but there are a lot of people who swear by it,
and I would just say, make sure you're not
roped into a pyramid scheme.
Look for something really strong,
as far as network marketing, and something
that's reputable. Grant Cardone has a lot
of great advice on this, so I would highly recommend
that you look into that.
One of the final ways I'm gonna talk about making
passive income online, is selling actual,
tangible products. Meaning, that you can actually
go into Amazon, or Ebay, and you can sell existing
products that you already have to people,
whether they're new or used.
This can be great if you happen to get a gift
that you have two of, you can go ahead and make
some money by doing this, by just taking a couple
pictures and posting up for sale and seeing who bites.
This is a fantastic way to make money offline,
if you're trying to go ahead, and think of it
as a virtual garage sale.
So this is my tenth, and final way for you to
make passive income online.
I might go in depth about each of these,
later down the road, but these ten things
are something that you can execute on probably
today, tomorrow, or within the week,
if you really wanted to.
Anyway, I hope this video helped you guys out.
This should probably help some of you figure out
how you can make a little bit of extra money.
A lot of these things are things that I've done,
I'm actively doing, or have done in the past,
or I specifically know people that are first hand
connection, who have taught me about it,
so that's why I'm giving this advice.
Resource links for everything I've talked about,
are in the description below.
So make sure you're checking that out.
If you still have questions about passive income,
and how to make it work for you,
let me know in the comments section.
I'll try and answer as many of your questions as I can.
Anyway, like this video if you like it.
Don't forget to subscribe.
Check out the other awesome content on the channel,
as always you guys, thanks so very much for
watching, and don't forget,
create something awesome today.