5 Passive Income Ideas That Don’t Require Investing Money | by Desiree Peralta | May 2022

You can make six figures a year if you do it right.

picture by Andrea Piacquadio

Having passive income streams with my work and freelance projects for the past two years has been one of the best things that has happened to my financial health, mainly because it has allowed me to try out different hobbies and interests. without needing to jump straight into a business or stop having a fixed income.

Many people are interested in trying entrepreneurship without having to give up their regular job or make big investments (because they don’t want to take big risks or just can’t).

For this reason, here I offer five passive income ideas that don’t require you to invest money if you don’t want to and can help you earn some extra income.

Weather: 20 to 40 hours of product creation.
Potential gain: $200 to 6 figures per year

When I started investing in crypto and the stock market, most of my friends were curious about how they could get started. After saying the same thing over and over again, I decided to create a simple e-Book with the basics, and put it on gum path.

A month later, I made 35 sales without even promoting it, just sending the link to friends who were curious about how to start investing.

Most of us have a deep understanding of something we do every day that we can teach others, whether it’s a hobby you’re good at or how you earn. money with your current career.

We are currently in the era of online knowledge. So, most people are looking for ways to learn how to do something without going to an academy or university.

The advantage of online courses and products is that they allow others to quickly and inexpensively learn something they need. So, if you know how to do something, you can take advantage of this possibility on different platforms.

If you take the time to figure out how to sell courses or create a good product, you can earn $200 a month $17,000 or more per month with no upfront investment, just with the knowledge and resources you currently have.

Weather: 2 to 10 hours per week.
Potential gain: $10 to 6 figures per year

Content creation is not just about having a YouTube channel or an Instagram account with many followers, showing your life and acting like a “influencer”. Right now, there are plenty of ways to create content as a business without even having to expose your lifefrom Youtube without showing your face to blog posts, newsletters and Instagram phrases.

As the definition says, according to adobe:

A content creator is someone who creates entertaining or educational material to be expressed in any medium or channel. For businesses, content creation can mean creating newsletters, emails, digital marketing materials, brochures, social media, articles, annual reports, infomercials, editorials and corporate communications. , etc.

Mark Manson, the creator of “the subtle art of not giving a fuck,” sold more 13 million copies of his book. James Clear, the author of “atomic habits,” sold 5 million copies global. Through content creation, they first built their audience with their blogs and then moved their readers to their newsletter and stores.

To start creating content, choose a platform: if you want to make videos, TikTok, Youtube, Facebook, etc. You have Medium, LinkedIn, and personal blogs if you want to write. If you want to do podcasts, you have Spotify or iTunes. Then start learning what content works best out there and how you can be the best at what you want to grow.

Weather: from +10 hours per week.
Potential gain: $100 to 6 figures per year

Most people think that writing an eBook is a process that takes years of hard work. However, Kristen Walters, in his article “How I made $2,714 in my second month posting on Amazon KDP,” explains how she makes four figures a month publishing books of 10,000 to 25,000 words.

The total royalties paid to self-publishers on Amazon KDP is over $400 milliontotaling over $1.1 billion since the launch of Kindle Unlimited.

Weather: 2 to 5 hours per week.
Potential gain: $10 to 6 figures per year

Affiliate marketing is still one of the best ways to make money online because of its simplicity. This company is paid to recommend and market products. You don’t need to have a large audience to get started, and you don’t even need to buy a product.

If you’re just starting out, you can use Amazon affiliate links (which don’t require a specific number of subscribers) and then move on to the Amazon store (where you only need at least 5,000 subscribers). When you reach a decent number of subscribers, you can also do influencer marketingwho receives payments from major brands for the use and sponsorship of their products.

Even though Amazon is the most well-known affiliate partner, there are big brands like eBay, ConverKit, ShareASale, and Awin that also offer this type of activity.

There are people who earn $1000 a month even $70,000 annually simply promote products on their social networks.

Weather: 2 to 5 hours per week.
Potential gain: from $50 to $1,000 per month.

A subscription business sells your insider knowledge, products, services, or information for a monthly or annual fee. Most influencers use them with their content creation business to deliver exclusive creatives.

There are different platforms you can use to build a subscription-based business like Patron, Converkit, Kickstarter, and Buy Me A Coffee to name a few. All are free and only keep a percentage of your monthly income.

In 2021, Estimated TechCrunch that Patreon generated $160 million in annual revenue. They have over 6 million monthly active supporters every month, and more companies are trying out this new business model every year.

While silver can create many opportunities for passive investing, it’s not the only way to get there. If you don’t have the money to start, you can use your time and knowledge to start building your wealth, and doing it right can even earn you 6 figures a year with no upfront investment.

If you don’t want to invest your money but want to start a side hustle, here are the five options you’ve summarized that can leave you with six figures a year:

  • Sell ​​your experience on different knowledge platforms. You can create courses, couch options, digital products, and videos for a fee on different education platforms.
  • Content creation. With Youtube, Tiktok, Medium and Facebook, you can get paid for your ideas and creations and build an audience to sell personal products to them.
  • Publish to Amazon KDP. Create eBooks that you can self-publish and sell to people around the world.
  • Affiliate marketers get paid to recommend products. If you’ve been thinking about setting up a store, you can start marketing a digital one without having to buy a single product.
  • Subscription businesses offer exclusive content, service, or knowledge for a monthly fee.

If you are not yet a paying member, remember to register with my link.

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