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How I Make $10,000/Month PASSIVE INCOME (5 REAL Sources)

Published on: December 9 2022 by Buildapreneur

How I Make $10,000/Month PASSIVE INCOME (5 REAL Sources)

How I Make $10,000/Month PASSIVE INCOME (5 REAL Sources)

i have spent the last five years in
pursuit of passive income
basically ever since i read this book
right here now the goal for me has
always been to build up
seven sources of passive income but i'm
not quite there yet
what this video will show you is the
four sources of passive income that i
have built up and the fifth that i'm
planning on building up
next year but better than that i'm going
to explain these in detail in this video
i'm going to show you the journey and
i'm going to show you
how i was able to build up these sources
of income the first one is affiliate
marketing and i know a lot of people
that watch this channel are familiar
with what that is
all affiliate marketing is at its core
is when you
partner up with a company and you sell
their products and get paid when you do
so
so you're pretty much a glorified
salesman but what an affiliate marketer
does and the way they do that now is
they sign up with a company's affiliate
program
that company gives them a special link
like what you're seeing on the screen
and that link is just unique to the
affiliate marketer and that means that
any sale that results after someone has
clicked that affiliate link
results in the affiliate marketer
getting paid a commission so like i said
you're pretty much just an online
salesman for a company
unless you do this right and if you do
this right then affiliate marketing can
result in passive income
now there's two ways that you can do
this the first way is through using
google
and i use both of these ways by the way
but the first way is using google
or youtube or a search engine so we've
all searched for something in google or
youtube right
and we've been listed content like what
we're seeing on the screen here and if
you look at the dates on this content
you can see
the person that wrote this blog post
didn't write it today they didn't write
it yesterday they typically wrote it
last year or even a few years ago
now typically inside of these blog posts
these people will insert affiliate links
so for example if we search for how to
clean up cat urine off my carpet
you'll see a lot of artikles that
contain affiliate links
to chemicals that can help clean cat
urine off of a carpet and they're hoping
to make a small commission each time
someone searches that in google
goes to their blog and then clicks
through to the product they're promoting
and so if you do this right you can see
someone can create content in 2016 or
2017
and then they can pull out and that
content will continue to show up in
google for years and years and years
and they'll continue to make income off
of that content as long as google shows
it to people so that's the first way and
the second way is actually in the way
you select your affiliate programs
and so if you select an affiliate
program that has a one-time payment
then that customer will come they'll pay
the company once the company pays you
once and it's over
but there are companies like software
companies or membership programs where
people join you know yearly fees and
masterminds and things like that
and if the person pays the company every
year or every month
then the company will often typically
pay the affiliate the same way
and so if you refer someone to a
software company that customer pays them
every single month for five years
the software company will pay you a cut
of that every single month for five
years
it's absolutely amazing the second way
that i make passive income
is through real estate and before you
all run and hide and say i don't want to
hear about real estate
i do real estate a little differently
than most people primarily because i'm a
business owner
and i don't have time to learn a ton
about real estate and i don't have time
to
you know find all these deals that these
people find after searching and
searching and searching
but what i do have time to do is this i
use a company called
done for you real estate i'm going to
hop on the screen and look here and what
i do is i tell them hey i'm ready to buy
a house
i'm looking for a house that the numbers
make sense it cash flows things like
that
they'll send me what's called a pro
forma that looks like this they'll say
hey we've found this house
typically takes a few weeks and it's got
all the numbers on it it's got a down
payment a lot of numbers like that here
and in the end it tells you hey this is
how much we think you can make in cash
flow
off of this house every single month
after we've paid property managers and
expenses and everything
now the beauty of this is they do all
that for you
so they find the property managers they
get the realtors they get the house they
set up the loans they do
all of that for you and your only job is
pretty much to supply the money for a
down payment so i've bought three times
from
this specific company and every single
time the numbers have matched
almost perfectly to what they've given
me i've got nice new single family homes
in really good locations in tennessee
and indiana
the max work i put into this is every
couple months i might have a phone call
with a property manager if there's any
issues with a tenant
oh sorry i'm a real estate mogul so yes
i have left a link down below to this
company done for you real estate that
i'm using
i can personally vouch for this company
having bought multiple
uh multiple houses from them and also
met and
toked with their owners and they're
really good guys that really just want
to help people get into this real estate
market
quick side note the three or four
hundred dollars a month in passive
income
is awesome coming from these properties
but even better is the fact that in 30
years
i will completely own each of these
properties and it will be well worth
over a million dollars
and i was able to build up that entire
asset passively
i'm basically a millionaire the third
way i make money is actually
selling digital courses so obviously
over the last five years i've learned a
whole lot of stuff
and the way that i market that knowledge
is through selling digital courses
now i know exactly what's about to
happen here i'm gonna get all those
keyboard warriors down below writing and
telling me how i'm a scammer for selling
my
information online so go ahead keyboard
warriors get it all out now all right
now that that's over and for those still
watching let's tok about how this works
so the first day this works is i sell a
blog challenge with a partner of mine
and we sell a 21 day training to help
people set up an affiliate marketing
blog we sell it for a hundred dollars
and you can see when you go to my blog i
get a lot of traffic to pages on my blog
like this so a lot of people
google things and they end up in my blog
on pages like this
now you can see at the top of my blog
i've got a button that says create a
blog
they click create a blog and i give them
seven days i give them a
seven day training on how they can
create their first blog all they have to
do is put in an email address
after that i start selling them on this
21 day blog challenge i say hey you've
you've taken these steps you've got this
blog what if i can show you how to
create content and all this other stuff
and everything you need to know to
really have a successful blog
for 100 bucks and those emails go out
automatikally and they buy
so you can see this is a totally passive
journey someone googles something
they end up at my blog they put in their
email they get emailed about the
challenge
they end up on this page right here
we'll slow that on the screen
and if they decide to buy the blog
challenge then i make 100
and the second way that i make money off
of digital courses is through selling a
much
higher end course called affiliate
secrets same thing i create
content on my youtube channel and
content on my blog and you can see that
on screen i create a lot of content
about both and with that content i
send people into this webinar right here
so they go to the webinar
they register and i send them or i
instantly give them access to this free
training that we're seeing on the screen
it's about an hour and a half
now at the end of the training if they
choose
to continue forth with this i say hey
i've got i've got a much bigger training
with templates and tutorials and
20 30 40 hours of content inside that
you can
learn from if you're ready to take that
next step and then they end up on this
page right here
where they have the option to purchase
the course and take that next step
and the third way i make money is
actually happening right now as you're
watching this video
hopefully that doesn't bother you but i
make money with youtube ads so there was
probably an ad before this video
the advertiser spends that money me and
youtube we split it
now it's very important that if you're
going to go this route and try to make
money from youtube on ads
then you choose the proper niche or the
proper category for this
so youtube adds the advertisers in some
spaces like
health or spaces like wealth which is
what i'm in they spend a ton of money
per click on each ad
that means that as the content creator
where their ad shows up i make a ton of
money so i make a lot for each click
on my channel and so you can see here
i'm getting about eighty thousand views
about six thousand new subscribers a
month and about thirty five hundred
dollars every 28 days in revenue from
this channel
that means i'm making roughly forty to
fifty dollars for every thousand
people that view my videos now if you
were to do this in another category
like legos or something random like that
you would find that you'd be making
you know two or three dollars instead of
40 or 50 dollars for every thousand
people that watched your videos so you
would need a lot more views for this to
make sense
now if you don't think this is passive
check out this other channel i have that
i created in 2016.
you can see right here i've only
published four videos since april 8th of
2018
but if you go into the analytiks of this
channel it's still making about 530
every single month off of ads alone
now the fourth way i made passive income
this year uh wasn't super passive this
year but it will hopefully be more
passive next year
and that was launching a software
company or a small
software company so what i created and
this will be launching in
full to a massive amount of people uh
this coming year
but it's a plug-in that allows people to
do stuff in wordpress essentially it's a
plug-in for affiliate marketers in
wordpress
you can see it right here it's called
affiliate linker and uh
it it basically takes all the knowledge
over the last three four years and
things that i've wanted
to do inside of my wordpress website and
i've created a plugin to do it
so the way i did that is go to
onlinejobs.ph
which is a outsourcing website where you
can outsource in the philippines
and i went through a lot of people i put
up a job description went through a lot
of people
and ended up finding a developer that
could they could develop this plug-in
for me
and develop it in the right way now this
is just like anything else right i have
this website and this youtube channel
people come in through uh email
addresses and then i email them about
this plugin and i send them to this page
where they can buy access to this plugin
no you can't currently buy it right now
because we're preparing for another
january launch
so this will only be passive for you if
you can find a full-time
really good developer that knows what
they're doing and you have to be able to
create and hire a support team that can
handle the support side of things but
once you get both of those in place
you've now got the same traffic machine
as we're using for digital courses and
for affiliate marketing
and if your software doesn't suck you'll
actually get a ton of money just through
people referring other people to it
naturally
and a little side note when i say team
i'm often just toking about one person
i fully admit that my support team is
one now let's tok a little bit about
this next year what my plans are for
for making another source of passive
income and that's using something called
online services arbitrage and the
the concept behind this is if you've
been online for any amount of time you
know how hard it is to hire people
that uh don't suck and don't scam you
and having been in this for three or
four years
i've slowly started to find those people
okay i've managed to find a va that's
awesome and does work
amazing i managed to find a developer
that does really good a copywriter that
does a great job
so as i find these people when i start
to build up my team there's a lot of
time where i've got this
person where i don't have 40 hours a
week for that person
so i hire someone and then i can
actually offer them
to other people i can say hey if you're
looking i've got this awesome developer
and you can pay me you know x amount of
dollars an hour that's just a little bit
more than what i'm
paying them and i often i'm this broker
i'm a relationship broker okay
and so someone says yes that sounds
awesome and they pay me and they get
access to my team of people that can do
a lot of this stuff for them now before
we get attacked on this
let's look at the win wins here we've
got these freelancers that are looking
for stable work and i'm able to give
them stable work
we've got these online marketers that
are struggling they're getting scammed
they're getting people that are charging
them a ton of money for terrible work
and i'm able to give them really good
freelancers that know what they're doing
at a reasonable rate that's a win win
win win they get to avoid that terrible
pain that most of us have to go through
of spending years trying to find people
that are actually good at their jobs
and in fact i would love to hear the
horror stories down below because i'm
absolutely certain you guys are watching
this video and they're coming into your
head
and horrifying news story it's real
most online business owners have lost uh
you know hundreds of dollars at a
minimum and tens of thousands of dollars
at a maximum so those are my five we're
going to release the next two next year
i'd love to know down below what are
your current passive income sources and
what are you adding to your passive
income this next year