Let's start with the foundation first. - Do you need money to make money? No, not necessarily... But it can certainly help speed up the process if you know what you are doing.
This isn't going to be an easy post, because there are literally THOUSANDS of ways to achieve financial independence online by today's standards... The idea of making money from home is always one of the most talked about topics when it comes to earning more money in general. And for good reason.
- Earning money from the comfort of your own home, and on YOUR OWN schedule as well, is one of the most lucrative lifestyles the average person can find themselves in, no doubt. But that is really just the tip of the iceberg if you are also willing to WORK for it... And make it long term.
Passive income streams often requires an upfront investment and a lot of nurturing in the beginning. After some time however and hard work these income streams start to build, and are able to maintain themselves, bringing you consistent revenue without much effort on your part. There are practically unlimited ways to make money from home if you know where to turn to...
When all that's then been said, it can be tempting to want to pick five different passive income ideas right off the bat to get started, but we really encourage you to pick one in the beginning. You need time and the ability to focus to really a grow a passive income stream.
What Is Passive Income?
Passive income is basically an income-generating idea, product or just strategy that really requires little-to-no work to maintain, once it is set in motion.
Why passive income?
With passive income, the income potential is unlimited even though we all have the same 24 hours in a day. This is what sets apart passive income from a “traditional” job(Which you may want to abandon).
Become A Youtuber!
For ONE, one of THE best ways to start(That we've come across), if you are looking to establish a true internet marketing business, and not just collect pennies on the dollar. Is to start building an email list, but this ALSO includes adding free value!!(Like we mentioned, if you are willing to work for it.)
For example, you can start a youtube channel with basic "How to..." videos... It can become tedious really quickly, if you don't find any interest in what you are doing, so that is our recommendation to you... Make videos about a subject you're passionate about.
Recently YouTube has become a go-to source for all manner of video courses and guides,” Instructors can monetize their videos by charging a subscription fee or password protecting content for paying customers only. There's one real estate agent who made $100,000 in one month on YouTube. Try out your options, into gaming? Maybe make video-game reviews... And while you're at it maybe even stream on twitch.
Gaming can be a great way to make money from home, and it's a pretty unexpected way at that. At a base level, decent gamers with a following can even get copies of games for free, swag, and more. But if you can really build up a following on Twitch, you have the potential to earn a lot more.
Word is SOME freelancers are making consistent $500 a month from their youtube channels alone... Which certainly isn't bad, if you are just looking for a side-hustle. It can be very tedious in the beginning, but once you gain a small following, you can start to see the results. Small YouTube channels earn several hundreds per month.
Once you hit a certain viewership, you can become a Twitch Affiliate or Partner and qualify for a share of game sales, ads and subscription revenue
- Another piece of advice from us, if you want to be able to rank your content above other's on youtube's platform, if youtube IS a path you choose to pursuit a career, is to get to know the phrases that people search for. To find potential search phrases, start typing “how to [your topic]” into YouTube’s search bar and notice what phrases are generated in the auto-fill dropdown. Just make sure to use the same keywords when you write your video title, description, and tags.
Other Popular Video-Streaming Platforms
Speaking of youtube and twitch now... A relatively new website functioning very similarly in the way of youtube's creator-base in comparison, is, Tiktok! - Tiktok is in essence a social network for sharing user-generated videos. The website mostly consists of people lip-synching to popular songs. Users can also create and upload their own videos where they lip-synch, sing, dance, or just talk. Yet, if you truly decide to pick up tiktok for your journey,
then tiktok is wild.. there’s the creator fund, the gifts you get from viewers when going live, and the ability to be live and sell items live and just overall, build your own community!
With many youtube-content creators moving to LBRY's platform, due to youtube's guidelines constantly turning more and more strict in recent years, such as the word, they are cutting advertising costs on it's user's videos, causing youtube's most loyal content creators, to seek support from their many fans, elsewhere... With, LBRY advertising their platform specifically as a way of supporting the creators! and their work.
Sell Your Photos
Speaking of youtube, tiktok & LBRY, you can also go semi-professionally, and start selling your photos online if you're just a regular camera-enthusiast!
For one, have you ever wonder where All your favorite websites, blogs, and sometimes even magazines gets their photos? These are normally bought from stock photo websites. If you enjoy photography you can submit your photos to stock photo sites and receive a commission every time someone purchases one of them. Nice & easy... Just Pick out your best and most stunning photographs and start uploading them to various microstock websites(The term “microstock” refers to the micropayments the sites charge customers for those images).
Depending on the size of your photo-collection and photos taking up space on your hard drive, Your earning potential can very well be ENORMOUS! Head right over to a couple of destinations that supports this business model, such as IStockphoto or shutterstock as a start... Once approved as a contributor, most microstock sites do not charge photographers to upload photos to their portfolios. Instead, the sites take a percentage of each sale(which is fair in our humble opinion), these two websites mentioned above alone, makes it easy for amateurs with a passion for photography to get started selling their photos online and pretty much make a sustainable income, just maintaining a hobby. How cool is that!?
To get started however, it is important to make sure you have the proper equipment. Your stock photography portfolio is not a place for iPhone photos.
Furthermore, all images submitted to istock and most other microstock websites, are of course, inspected by human eyes before being approved and posted for sale online.
So, If you want to earn big in this niche, it is important to invest in a good-quality digital camera. Snow recommends a camera where you control the settings, like a digital SLR, over a point-and-shoot camera. “Your camera must be able to shoot sharp images,” says a source.
In the beginning however... You may make just 15% from each photo sold, but often that number can reach as much as 50%, especially if you’re willing to offer your photos exclusively to one site. - “It’s all about quantity,” says stock photographer Eliza Snow.
If you sell one photo at $1 but sell 100 photos it's $100. There's word SOME photographers has about $500's monthly income potential focusing on just this gimmick alone! It all depends on how hard you want to work for it.
When all that's then been said... While the application process for the bigger microstock photography sites like iStock or Shutterstock can be more difficult, we suggest getting started with one of the hundreds of other microstock sites. And don’t feel dejected if you are rejected by the first site you apply to... This is all a beginning process.
Here's a few more microstock websites you should sign up for, if this type of gig is for you...
Start A Blog
Do you have an area of expertise? you can share your advice on a blog. If travel or gaming is your expertise, think about what you can add to it... Can you share advice in preparing for travel and/or gaming about various tips & tricks online or in the actual game-experience? think about it. Again, the sky's the limit! or do you just have some simple writing expertise,? freelance writing is a fantastic way to make some good money from home. One writer did a lot of freelance writing in the past, and was routinely earning over $1,000 per month... Not bad for a side gig.
Quick & Easy Money
We also want to point out a couple of easy passive income ideas. These basically requires no money and no upfront work, and while the earnings are menial the idea is still there.
For one, you can get paid to have a simple app on your phone... That's it. No need to do anything else, that's totally it. The app runs in the background and you are entered to win rewards. Simple, easy way to get money for doing nothing. Although you DO have to be approved for it first, you can click HERE to see if you qualify.
Too much junk in your inbox?
Furthermore, you can get paid certain places for as little as simple as giving away your annoying JUNK emails!! How cool is that?!? Head over to THIS destination for more information.
If you're reading this far, chances are you are already pretty knowledgeable when it comes to money. That means you might also be great at clipping and collecting coupons. If you have some coupons that you're not going to use, you could sell those to others.
Depending on the value of the coupon, that could be some pretty good money. Word is, that websites such as, eBay does have some restrictions on coupon sales, however. You can never sell coupons for free items, and you can sell only 25 coupons — or up to $100 worth — each month.
So what are you waiting for...??
Click HERE for more information on coupons & cashback...
again, the possibilities are basically endless by today's standards so long as you just know where to turn to...
A certainly appropriate passive income idea is to transcribe audio files, especially if you are a naturally fast typer, as transcription work is paid for the actual time and minutes transcribed, and not hourly. Furthermore, you can take it a step further by looking into legal transcription work.