Passive Income (that earn $1000+ per month)

The different ideas I will share with you will help you achieve this!

If you're new to passive income and want to learn more about how it works, be sure to watch my "Passive Income 101" video where I cover it in detail.

9 Passive Ideas to Earn Over $1000 a Month.

1. Start YouTube channel

Once you have created a YouTube channel, you can allow YouTube to place ads on your videos. These are the ads you see in the right sidebar or below the video before the video plays. If someone clicks on the ad, the YouTube creator will receive half of what the business paid to run the ad. Remember that different channels earn different amounts depending on their niche.

For some perspective, my YouTube channel gets about 500,000 views a month and generates about $4,000.

Breakdown: $5/1,000 views, 200,000 views = $1,000/month

2. Launch

Membership Site This is a private site where you regularly add new content. In order for people to access the content, they need to register on the site. People usually get access to some content for free, allowing them to find out what's available, but to get additional or premium content, they have to pay a monthly fee.

Depending on the content of your membership site, what it offers members, and the quality of the content, you may charge different fees. It can range from $5 to $300 per month. One of the wonderful things about a

membership site is that it generates recurring revenue month after month, and you don't have to do anything extra to maintain it. That being said, some of the best membership sites add new content every month. It all depends on how you structure your website and whether you decide to create and organize your content.

Breakdown:

Membership 100 x $10 = $1000/month

or 10 x $100 Premium Membership = $1000/month

3. Write books Other methods. However, it has several other benefits, including the ability to help you achieve other goals and advance your career.

Breakdown:

$5/sales per book

200 sales/month = $1000/month

4. Create a lead generation website for a service business

Companies with quality products cooperate with their customers . You are going to create your own website, which is actually an advertisement for your partner's business. Your website offers potential clients free resources or the opportunity to possibly schedule a free consultation call. You will then drive traffic to the site to generate leads for the companies you work with. After that, the company pays you for the leads.

To do this successfully, you need a working knowledge of digital marketing so you know how to drive the right traffic to your website.

Breakdown:

$5/lead x 200 leads = $1,000/month

5. Join Amazon's Affiliate Program

You can cut Amazon's profits by joining their affiliate program. After a quick registration process, you can share your affiliate link with people you think would be interested in purchasing certain products. You will then receive a commission of 4 to 8% of the sale price. The more products your potential customers buy on Amazon, the higher the affiliate commission.

One of my favorite things about the Amazon Affiliate Program is that even if someone clicks on your link and doesn't buy the item you recommended, if they buy anything either on Amazon within the next 24 hours, you still earn affiliate marketing commissions. Remember, to earn enough affiliate revenue to earn $1,000, you need to be great at recommending products to people who want to buy them.

Breakdown:

$5/sales x 200 sales/month = $1,000/month

6. Marketing Niche Affiliate Opportunities

You can choose a premium product (usually digital) and focus on marketing it instead of earning a small commission on many products through Amazon affiliates. You can create a YouTube channel or blog around the product/topic, start building an email list, or spread the word on social media platforms. Your goal is to build an audience that is interested in your product and trusts you, so they feel confident buying the digital product you recommend.

Breakdown:

$50/sales x 20 sales/month = $1,000/month

7. Create Online Courses

Creating courses is another great option for generating passive income. You can sell it on your website or on third-party platforms. Each option has advantages and challenges. If you're selling on your own website, you keep 100% of the profits, but you have to drive traffic to generate sales. Alternatively, if you sell your courses on a third-party platform like Udemy, it's easier to find customers, but you won't earn as much per sale.

You can charge higher prices when selling on your website. Courses typically sell for between $100 and over $5,000. Your price depends on the content of your course, the value it provides to students, and how well you market it. Courses usually cost between $10 and $100 on third-party platforms, and you can get around 50% off the sale price.

Summary:

Selling your course on your own website:

10 x $100 in sales or $1000 in sales

Selling a course on a third-party website:

$20/sales x 100 sales/month x 50 1 $000/8 months = 80% 404/month. Investing in

Real Estate I have owned several rental properties in the past and in my area I typically make around $250 per month in profit per rental. But of course, many factors can lower this average.

At first glance, the other ideas above may seem like better options than investing in rental properties, as the risk-reward ratio is a bit skewed. Luckily, some of the benefits you can consider are that you can build equity in a property that will increase in value at the same time.

Breakdown:

4 rental units x $250 profit/month = $1000

9. Rent a room in your house

You can rent a room in your house through sites like Airbnb. This is a great option if you have extra space in your home and don't mind company. Plus, if you travel a lot (whether for business or vacation), you might even consider renting out your entire home. Renting a room can cost between $25 and $200 per night, depending on where and where you live.

Breakdown:

$50/night x 20 nights = $1,000

Creating passive income certainly takes a lot of up-front work, but it can be a great way to spread out your income. Depending on the route you decide to take, the initial investment can pay off big!