If this year has taught us anything, it’s that we definitely need to be able to make multiple sources of incomes, which will help us deal with the loss of clients, work or a job, as too many people have this year due to Covid.
There is light at the end of the tunnel though, hard times make opportunities that we’re more willing to fight for, there are more people shopping online than ever and in general the world has been forced to spend online more than ever. This means that you can now produce a passive income, working from home, and if you begin now there is no reason you can’t be earning $350 a day by the time January rolls around.
That simple $350 a day, would also put you in the top 5% of earners in the world, so the freedom this will give you is life changing. In this article, I’m going to cover some of the different things you can begin with just an hour a day, which combined over time will start to grow in terms of earnings.
Remember, Consistency over Intensity, going hard at the work for a day here and there, won’t be as effective as spending a consistent 30 minutes a day on it.
Important video to watch on the subject
Print on Demand
The first option, while saturated, is also very effective over time if you’re willing to be consistent about posting. I’ve personally been simply adding one design per day for three years now and overtime the sales just started rocking in. It doesn’t seem like a lot, but if you have 365 x 3 = 1095 designs, on 3 different platforms, you’ve got 3,000 items that may show up in searches for people. Once you can get this to $1,500 a month, which I did within a year, that’s 1/7th of your $350 a day covered.
This is where I make the bulk of my money, making up for about $5,000 to $10,000 a month depending on the time of year and honestly how much content we’re writing and promoting. I won’t say too much on this one, because I have a quick video explainer instead.
The Dark Side of Passive Incomes
If you’re like me, ethically compromised, then watch the video below, this can easily make you $1,000 a month and much much more, if you’re willing to put some time in.
YouTube + Podcasting
Personally, I’m only getting started on this as a way to learn how to make videos myself instead of outsourcing and using the team. However I have been speaking to a lot of others, who have only begun this year and are already making a decent income, so apparently if you’ve got the right niche, personality and editing skills it can be done.
Just don’t use my pathetic attempt as an example.
Whether it be Udemy or on your own website, online courses are still a great way to generate money, especially if you have a niche skill. It probably won’t make you rich, but if you can get this up to $1,000 a month, you’re another $33.33 closer to the $350 a day goal.
My suggestion is to start with Udemy to get the course structure right, then move on to other platforms, that’s what I’m planning to do.