6 Passive Income Streams You Can Start in 2022

 

Spend the next 58 days planning. Then start.

If you want to build a stream of passive income, right now is the time to start.

If you’re starting from scratch, it’s going to take at least 6 months to create a new stream of passive income, but it’s 100% possible.

If you’re serious, take one of these ideas and spend the next six weeks planning your approach.

• Read articles about the topic.
• Choose a product or niche.
• Talk to people who have found success.

Important side note: Passive income does not mean you get paid to do nothing. It simply means the stream of money can keep flowing into your account while you’re not actively working.

Example: you spend 50 hours creating a digital product and it sells for the next 50 weeks. That’s much better than spending 50 hours at work and getting paid for 50 hours of work.

If you don’t find a way to make money while you sleep, you will work until you die.
- Warren Buffett

Passive income is the only way to scale your income exponentially.

Also, there’s no need to drop $5k on a course, unless you want to. There’s plenty of legit info available for free on social media — mainly Twitter, Google, and YouTube.

Here are six opportunities for your next stream of passive income:

1. Info Products

More people are creating info products like e-books, print-on-demand books, video courses, and more.

These take a while to create, and then keep making you money while you sleep. And if you don’t want to continue marketing your products, you can set up a simple affiliate marketing program and get people to do the marketing for you.

Your books don’t need to be 300-page in-depth guides. It can be as simple as 50 pages of actionable guide that people find useful and interesting.

You can also make a simple video recording of yourself sharing knowledge on a topic that others don’t know about. The best way to find a good product is to pick a topic that helps people save time, learn a skill, or make money.

Simple info products like these can sell for around $15–25. If you think the quality of the product is really good, and you get some initial sales, you can sell it for a lot more money.

2. Youtube Channel

If you’re a camera person you can start creating videos and posting them on your YouTube channel. YouTube is one of the most popular ways to make money on the internet.

Just like info products you can create a video once and have it making money for years without much effort.

You need to know that YouTube is a long-term game. You won’t start making money right away. It usually takes years to build a big audience and start seeing any significant revenue.

To start, you need hours of watch time before applying for ads, which is how most YouTubers make money. Once your channel builds momentum, it’s definitely worth it. Simple videos can easily make hundreds of dollars each on autopilot.

You can start earning from day 1 on YouTube with affiliate marketing, but you’ll still need to develop a following before you see significant pay days.

3. Podcast

If you’re not comfortable with recording yourself but love talking and sharing your ideas, then podcasting is the way to go.

You can record yourself talking about a topic or interview different people in your niche, or interview people knowledgeable on a variety of subjects. This is a plus because it means you don’t need to know everything, or do all of the talking. You can relax a bit and ask some simple questions. People will gladly spend an hour or two to get on your podcast and share their knowledge with the world.

You can even partner with a friend to discuss interesting topics. People love listening to interesting conversations.

You can monetize your podcast in almost the same way as YouTube: ads, paid promotions, affiliate promotions, etc. And you’ll build a solid connection with your listeners since you’re talking right into their ear. It’s a huge trust builder. I feel like I know the podcast hosts I listen to, even though we’ve never met.

Most podcasts fail because people give up. Few podcasts get past episode #3, and even fewer make it past #25. The most successful podcasts are simply the most consistent.

More good news: you don’t need fancy equipment. You can go somewhere quiet and record the podcast right on your phone. Or record a Zoom call and publish it to YouTube and your podcast. Then you can edit it yourself, or hire someone on Fiverr to edit and add intro/outro music.

4. Micro SaaS Products

If you’re a SaaS (software as a service) enthusiast but don’t have the means to build a startup, you should explore micro SaaS products.

Micro SaaS products are mostly additional add-ons, extensions, or accessories to existing products or advancements that improve a missing element.

Basically, you build a small SaaS product that solves a very niche problem and earn recurring revenue.

The main goals of a micro SaaS are:

• Solving a small but a real problem
• Working on products you love
• Still making a lot of money
• Freedom from working for someone else
• Staying small (typically 1–5 people)

Canva is an example of a SaaS. They have hundreds of employees and are worth billions. A micro SaaS could be a Canva font identifier. You upload a photo and the software finds the closest font match in Canva.

5. Affiliate Marketing

This is one of the easiest ways to make money on the internet.

In affiliate marketing, you sell someone else’s product using your unique link and earn a commission for each sale.

The good thing about affiliate marketing is that you don’t need to be an expert in a subject and you don’t need to create a product of your own. You just need to know how to sell products to people.

Gumroad has really opened up the affiliate marketing space on social media.

More and more creators are creating info products and are looking for people to promote them in exchange for an affiliate commission.

You just need to have a good audience to promote the products to. So, building an audience is a prerequisite.

The good news is that you can build an audience wherever you want. Whether it’s on Twitter, Instagram, Facebook Groups, TikTok, YouTube, or your own blog.

It’s best to stick with one specific topic, and one that you enjoy. You’re going to need to create a lot of content related to the products you’re promoting, so I suggest finding something you genuinely enjoy.

Like YouTube, affiliate marketing takes a while to get off the ground, but the potential here is unlimited.

6. Blogging

If you’re not comfortable with videos or talking to people, writing articles is the next best option. Many people think blogs are outdated and nobody reads articles anymore. That’s not true at all!

Google is still the #1 source of traffic for websites, and millions of people, including yourself, are reading blogs right now.

People still love reading long-form content and they’re here to stay for a long time. But, how does one make passive income by writing blog posts?

One of the reasons I’m still blogging on Medium is because it’s semi-passive. Instead of getting a single payment for a blog I write, I can get paid for weeks and months after hitting publish.

Here are a few different options:

1. Medium partner program: Medium pays its writers who write articles and put them behind a paywall. When Medium makes money from its paid users (who get to read premium articles) it shares the earnings with writers.

2. Sponsorship: Many blogging platforms like Hashnode have sponsorship programs where readers can sponsor their favorite writers.

3. Affiliate sales: blogging is one of the best ways to earn affiliate income. Write a review of a product or service, or a Top 10 article and get paid when someone buys it.

4. Ads: If you have a blog you shouldn’t ignore ads. People are used to seeing ads everywhere, so as long as you don’t go overboard, ads won’t hurt your user experience.

Writing is a great skill to have. Writing helps to fill your knowledge gaps on a subject and get more clarity on your thoughts.

Now it’s time to get started. The only regret I have about exploring streams of passive income is not starting sooner!

Here's a couple of good ones to take a look at: Heart and Body Naturals , The Club Shop

How to make Passive Income

 

What is passive income?

Passive income is income that requires minimal labor to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income.

Passive income includes regular earnings from a source other than an employer or contractor. The Internal Revenue Service (IRS) says passive income can come from two sources: rental property or a business in which one does not actively participate, such as being paid book royalties or stock dividends.

Sources of passive income

• Rent Out Your House/Land
• Rent your Car
• Cryptocurrency Mining
• Publish A Book
• Dividend stock
• Bonds
• P2P Lending
• Affiliate marketing
• Create an app
• Make a YouTube channel
• Selling Information
• Online Selling

If you’re thinking about creating a passive income stream, check out these 12 strategies and learn what it takes to be successful with them, while also understanding the risks associated with each idea.

RENT OUT YOUR HOUSE /LAND

Rental properties can be a great source of passive income once you get a rental up and running. It can provide a monthly income flow without you having to participate in any kind of daily work.

RENT YOUR CAR

The great thing about renting out your car is you can earn money while you sleep! You don’t have to put in extra work in order to earn extra income. You’ll be working smarter, not harder.

CRYPTOCURRENCY MINING

Mining cryptocurrency is the original way to make passive income with Bitcoin and other cryptocurrencies. Mining involves using computing power to solve complex mathematical problems and verify transactions, requiring the cryptographic expert to share back “proof of work” demonstrating the solution.

Publish A Book

Book sales is the most obvious way to make money from self publishing. You will either earn royalties or revenues (if you print, distribute and sell your book yourself).

Dividend stock

Dividend stocks are one of the simplest ways for investors to create passive income. … Investors can decide to pocket the cash or reinvest the money in additional shares. Dividend yields can vary significantly from one company to the next, and they can also fluctuate from year to year. The biggest advantage of dividend paying stocks is that as long as the company continues to pay the dividend you will receive real cash every 3 months.

Bonds

A bond is a fixed passive income source with an agreement between two parties; the bondholder and the bond issuer. The bondholder is usually the investor, and the bond issuers are generally companies or governments. Several bond types, including the US Treasury Bonds, are a bond issued by the US Federal government.

PEER TO PEER (P2P) LENDING

Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer (P2P) lending is an alternative to traditional financing. Instead of the borrower going to a bank to take out a loan, they use services that connect them to investors like you. This allows you to lend money to an individual or a company earning fixed monthly payments.

Affiliate marketing

Affiliate marketers sell another entity’s product or service and earn a commission on the number of sales they make. If done effectively, affiliate marketing can allow you to have a steady stream of passive income. From finding the right products to maintaining blogs, there is a lot of work that goes in.

Create an app

There are a ton of ways to make money with your app.

Here are a few of the most straightforward and simple ways to build up a steady cashflow with your app:

SELL A SUBSCRIPTION: You can have a small free version of your app, but leave the best part of it to be unlocked for a consumer subscription costing just a few bucks a month

SHOWS SOME ADS: You have an app, like a game, that people spend a lot of time on; in that case, you can put some ads in to make some money while users enjoy your creation

SELL A PREMIUM VERSION: You can have a free, or low-cost app. But keep some extra incredible features available for an extra purchase

Make a YouTube channel

YouTube is ultimately a numbers game and the number of views advertising revenue is the most passive way to make money. YouTube income is passive after the video is posted. As long as your videos are being watched. Make as many videos as possible. Keep track of which videos perform the best and create videos with a similar topic. As your video library and views grow, so will your income.

Selling Information

One popular strategy for passive income is establishing an information product, such as an e-book, or an audio or video course, then kicking back while cash rolls in from the sale of your product. Information products can deliver an excellent income stream, because you make money easily after the initial outlay of time.

TODD TRESIDDER says :

Once you master the business model, you can generate a good income stream.

“And to make good money from it, it has to be great. There’s no room for trash out there.”

ONLINE SELLING

If you have any skills, you may be able to turn them into a money maker by selling items You can also sell items like Printed T-shirts by designing them. Many types of passive income can be made online, so if you want to earn money do online selling

“One product is not a business unless you get really lucky,”

SUMMARY

Passive income streams can provide a boost to your savings, investing goals, and an unexpected job loss. Who wouldn’t want to earn money without having to clock in for an eight-hour workday?

The good news is that there are many options to start building out a passive income stream beyond what I’ve already outlined above. Most will require upfront time and energy devoted to building them out before you start to see returns. 

Here are a couple of good ones to start with:

Heart and Body Naturals

The Club Shop

How to make a start with affiliate marketing

 

So many articles will have you believe that affiliate marketing is the perfect side hustle.

Find a product or niche, get a few clicks and all of a sudden you can retire early and live off a 6 figure passive income, right?

Well no. Obviously. If it was that easy everyone would do it.

I might not be the right person to tell you this, I’ve only just got started with it myself. But in my opinion that makes me the best person to tell you. I’ve tried other avenues, affiliate marketing is the one that stands out to me.

Affiliate marketing is hard work. I work in the marketing industry so you’d think I’d be a pro. But balancing a career and building a good side hustle is difficult, even if that side hustle is directly related to your career.

I haven’t been trying too long but I can safely say gaining traction is the most difficult part of affiliate marketing. No matter if you have a blog, you’re using socials like TikTok or Pinterest or if you are paying for ads, if you or what you’re promoting aren’t interesting nobody is going to care.

The market is oversaturated with too many people relying on trends. At the time of writing, I see posts about a ‘sunset lamp’ everywhere. Under Twitter posts, on TikTok, Facebook. It’s everywhere. All these posts do is take you to some thrown together drop-shipping page or down a sales funnel to an affiliate page.

The point I’m trying to make is, that unless your product is revolutionary you’re going to struggle to stand out amongst the crowd. And even if it is, you are still going to have people doing the same as you.

So Where do You Start?

Start by picking your niche or product. Set up whatever channels you want to use. Personally, I use TikTok and Pinterest to drive traffic to my blog or directly to the products I show off. I use my blog to go in-depth with reviews or projects shown on my socials.

Now the hard bit. The part I’m currently dealing with.

Grind.

This is the key to every side hustle. These get rich quick stories are 1 in a million. We need to do it the old fashioned way. With hard work and determination.

You are quite literally starting from nothing. No one owes you a thing so you have to put in the work. It might take months before you even get meaningful traffic but as long as you keep trying you will generate traction and you will see results.

The secret to affiliate marketing is the same as everything else in life. Hard work.

Put in the work and eventually, the results will speak for themselves.

You aren’t going to see results overnight. That is the unfortunate truth. I wish we could, I wish I could rely on my passive income to travel the world or buy expensive cars. But I can’t. Yet. The only way to stop wishing is by putting the work in.

So go out there and get started. Find what product or niche appeals to you, if you have fun doing it, you’ll find the time will fly. If results don’t start quickly keep grinding. Eventually, they will.

Here are 2 Products that get results:

Heart and Body Naturals

The Club Shop

Get Organic Traffic For Your Website

 

Are you interested in learning about five ways to increase organic traffic to your website? If this is the case, you’ve arrived at the correct location. As you may be aware, search engine optimization (SEO) is a critical component of any online business. A website cannot exist without visitors, and an SEO consultant can assist you in achieving success by guiding you through the process.

Suppose you were interested in writing articles to promote your website. Instead of writing the articles yourself, you would hire a ghostwriter to do it for you, thereby creating another strategy to drive organic traffic to your website.

Using keywords and key phrases within the copy of an article, website, or blog is what Search Engine Optimization (SEO) is all about. Keywords must be relevant to the product or service that you are promoting to be effective. This is referred to as “content optimization” in some circles.

The primary goal of search engine optimization (SEO) is to have your website appear high on the search engine results page, also known as the SERP, which is accessible through a search engine query. This can be accomplished in various ways, one of which is through the use of targeted keywords and key phrases in the body copy of articles, web pages, blog posts, press releases, and website content.

The relevance of your content contributes to the improvement of your SEO results. According to research, readers are more likely to click on the first sentence of an article or blog post and read through the entire written content than skim through the surface and keywords search or phrase combinations.

The content of your website will never be ranked highly in the search engines if it does not contain the keyword or key phrase relevant information.

Long-Tail Keywords and Keyphrases: Long-tail keywords and keyphrases have less competition than more popular search terms because they are less competitive. For internet marketing professionals attempting to reach a specific niche market, this makes it an excellent choice.

Making sure that your long-tail keywords or phrases appear several times throughout your content is critical. For your keywords to appear natural and relevant to the reader, they should be sprinkled throughout the text.

Making Proper Use of Meta Tags and Keywords: Making proper use of meta tags and keywords can help your website rank higher in search engine results. Sometimes web admins make the mistake of using irrelevant keywords in the titles of their pages, which can lead to poor search engine results.

As a result of this practice, your website may be listed separately from the rest of the competition. For the sake of creating a natural flow of information, it may be preferable to incorporate relevant keywords throughout all of the text on a page.

Embrace social media marketing: Social media networking sites such as Twitter and Facebook are now considered essential tools for internet marketers to advertise their websites.

Social media allows you to share helpful content with your audience and post links to your content and articles on other websites and blogs. Find Article By incorporating social media into your online marketing strategy; you can increase awareness of your website while also driving traffic to it

Secret Email System

The Club Shop

How to Make a QR Code in 10 Easy Steps

 

QR codes are everywhere. You can spot them on magazines, on restaurant tables, bus stops, train stations, historical sites, at video kiosks, for payment methods, the list just goes on and on! A type of 2-dimensional barcode, QR codes are prevalent across multiple industries. They even contributed to the fight against the Covid-19 pandemic, helping reduce physical contact by automating processes. All you need is a barcode scanner or a QR code reader on your smartphone, and you get access to the relevant information. Another best thing about QR codes is that they can be easily created by following some simple steps. So, if you are looking forward to creating a QR code, we’ll discuss the ten steps to do so in this article. So, without further delay, let’s begin! 

Some Interesting Facts about QR Codes 

Before we discuss how to make a QR code in ten easy steps, let’s first get acquainted with some interesting facts about QR codes. 

• The first QR code was created in 1994 in Japan. The aim was vehicle tracking through high-speed component scanning during manufacture. 

• A QR Code acts as a physical link. You can scan it with a barcode scanner or a QR code scanner, and it will take you to a web page or display the relevant content in front of you.  

• There are two types of QR codes, static and dynamic QR codes. The static QR codes do not allow you to change the content once they are created. On the other hand, dynamic QR codes are considered to be recyclable as you change the content without printing them again and again. 

• QR codes are sturdy. Although the highly crumpled ones are hard to be detected with an ordinary QR code reader, slightly damaged QR codes can still be detected and scanned. No wonder, they are used in multiple industries in various operations. 

• Some exciting uses of QR codes include linking to a mobile page, for business cards, downloading files, linking to Google Maps, showing YouTube videos, etc. All in all, it depends on you. The more creative you get, the better the usage. 

• As compared to other modern technologies such as Augmented Reality and Near Field Communications (NFC), QR codes are cheaper. Not to mention, QR codes are much more reliable as well. 

• You can easily create QR codes. The process starts with finding a QR code generator. We’ll be discussing the other steps in the next section. 

Creating a QR Code in 10 Easy Steps 

Now that you are aware of the exciting uses of QR codes, let’s find out how to create a QR code. It will take ten easy steps to build your first QR code. 

Step 1: Search for a QR code generator. The internet is filled with QR code generators. Go through their ratings and reviews and finalize one to get started. And, the best part, most of them are free! 

Step 2: What type of content do you want to promote? Do you wish to provide a website link or share some specific information? You need to decide these things before heading to the next step. 

Step 3: Go through the details in the form that appears on your screen. 

Step 4: Fill in the details that appear in the form. 

Step 5: In this step, you’ll have to download a dynamic QR code. 

Step 6: The next step is to make customizations in the code. You can add anything you feel is necessary. 

Step 7: Choose a robust QR code scanner as the next step involves testing the QR code you have created. There are multiple options available out there. You may also have a QR code reader on your phone, but it may not be able to scan highly damaged and crumpled QR codes. So, consider choosing one that works in all challenging conditions. 

Step 8: Once you have found a suitable QR code scanner, it’s time to test the QR code you have created. 

Step 9: If your QR code works fine, it’s time to share it with your target group. 

Step 10: Keep track of the performance of the QR code you have created by doing an analysis that will help you in the future. 

Choosing the Best QR Code Scanner 

What do you do with a QR code if you don’t have a good QR code scanner? While most smartphones now come with a QR code reader, they are ineffective with tough QR codes and challenging conditions. Hence, there arises the need for a robust QR code scanner. If you are looking for one, then the pointers mentioned below will help make your search easier. Take a look. 

Fast Speed

Speed is crucial for a QR code reader. The leading ones can scan more than 500 barcodes in a minute. 

Scans Tough Barcodes

Curved, crumpled, tiny, angled, marked up, or incomplete, a good QR code reader should be able to read all such barcodes. After all, you wouldn’t want to face a situation where you have to struggle reading such barcodes. 

Works well in Challenging Environment

A robust barcode scanner works in all challenging environments such as low light, glare, or shadow. Such conditions are not a challenge for it. Leading barcode readers are capable of performing very well in such conditions. So, choosing them is the best thing to do. 

Supports Multiple Platforms

Be it Android, or iOS, choose a barcode reader that runs on all standard platforms. You can also opt for a web app that works on all common browsers. 

So, those were some essential features that a robust QR code scanner must have. While searching for the best barcode reader, don’t forget to try the solution before finalizing it. Go through the reviews and ratings. Also, you may compare different options and see which one fits your requirements in the best way. Following these steps will definitely help you find the ideal QR code reader.

You can create one to promote this side gig: HBNaturals , The Club Shop

How to Create Profitable Business Ideas

 

I think it is “timely” that we talk about how to create profitable business ideas for your online business.

Why is it timely? Here’s why…

On Wednesday, I released our brand new List Builder Script, free for all LeadsLeap members. Shortly after the release, I received many emails from members asking what are the business ideas that can be used with the script.

Now, technically speaking, the script can be used for any niche and any business idea. The only problem is some business ideas may be more profitable than the others.

So in today’s blog, I’ll show you how to create profitable business ideas.

First, you have to decide which niche market to focus on and whether the niche is profitable.

If I were to start another online business tomorrow, I will have to make sure that……

1) The market has an ongoing supply of new products that I can promote.

2) People’s interest in that niche do not change too quickly. For example, I will not use the List Builder Script to build a business around “spyware removal” because once I provide them with the solution, they are not likely to want to hear from me again.

3) People in the niche are always craving for more information.

4) There are many affiliates in the niche that I can contact and JV with.

5) There are established websites where I can find lots of people interested in the niche. This is to ensure that I can easily find targeted traffic for my new business, through advertising or striking deals with the webmasters.

Examples of good niches are internet marketing, stock trading, forex trading, body building, holistic health and personal improvement.

If I found a niche that I see a potential in, I will ask myself 2 questions.

1) Can I find/create a useful product to giveaway?
2) Can I find/create a high value product to sell?

1) Can I find/create a useful product to giveaway?

In some niches, you can find some PLR products that you can give away. This is by far the fastest way to kick start your online business.

Another way is to create your own product, which may not be difficult at all.

The trick is to create something that is useful to the people in the niche.

Here is one idea that I just think off my head.

For example, You can create an ebook called “Online Scam Report – A complete list of scam (or near scam) programs you should avoid before you become the next victim”. Just go to Google.com and search for “scam”. You will be able to find websites discussing about different scam programs. Your job is to compile those programs into a book or if you are lazy, get a freelancer to do it.

2) Can I find/create a high value product to sell?

This is an important part in making sure that your business idea is profitable.

A profitable business idea should be able to help you generate immediate profit so as to fund your future expansion and cover your advertising costs.

This can easily be done with the One-Time-Offer feature in the free LeadsLeap List Builder Script and a powerful strategy that I’m going to share with you now.

The idea is to create a high value product worth thousands of dollars, write a sales letter that looks as if you are going to sell it for $197, and offer it for $9. This idea has never failed to work!

If you are in the internet marketing niche, the easiest way is to compile a huge package of PLR and MRR products that worth thousands of dollars.

Alternatively, you can create a high value product on your own.

For example, I’ve seen people giving away 1 website template and offer 10 website templates for $5 as a one time offer. This is a good and profitable business idea because website templates have high perceived values. At a great offer of $5, you bet a lot of people will bite.

Creating profitable business ideas is not rocket science. Once you can identify a profitable niche, all you have to do is to think of something useful to giveaway for list building purpose and something of high value to sell it cheap for immediate profit. Together with other backend sales, it is almost guaranteed that you’ll have a profitable business in both the short run and long run.

New Business

The Club Shop