Passive Income-How I Make $100 Per Day 4 Income Sources

Make $100 Per Day

What’s going on, everybody? In today’s video, I’m going to be going over how I make over $100 per day in passive income using four different strategies, both online and offline. I’m going to show you exactly how I set these up, how you can set them up, and how you can scale them as well. You’re definitely going to want to watch all the way to the end of this video.   That being said, let’s jump into it. To start with, and a little background on passive income, it was always my goal to make passive income, even if it was just my first $10   per month, $100 per month, whatever it was because when I first graduated college, I was making … I think my first salary was $36,000 per year. Now with my passive income exceeding that by quite a bit, it’s pretty amazing to see the power of passive income once you … The great thing about passive income is that once you make that first dollar, that first $10, that first $100   per month, this whole world opens up and you can start to see just a ton of potential.  You can really leverage your time.

It’s almost like someone else is just working for me and then I get money every single week. We’ll go into some of these passive income streams because some of them do require a little bit of maintenance and upkeep, but overall, it’s almost like someone’s just working for you and paying you every single month. Not only that, but most people think that you need like $5 million to start with to start making passive income because then you’d just be able to purchase like a big apartment building or put in some type of dividend stock and receive the dividends every single month or every single quarter.

Make $100 Per Day

However, there are really two forms of passive income. One form requires a ton of money upfront, and then you just make the 3%,   4%, 5%, 10% per year, or whatever it may be. However, the other form, and that’s the form that I got started with, requires almost no money upfront. It requires very little money upfront.   It just requires your time. It requires you to put in some effort to create these different passive income streams. Then once you get them rocking and rolling, you can scale them up.

Make $100 Per Day

It doesn’t require millions and millions of dollars. I got started with basically nothing and built my passive income to the point … Actually, it’s almost at $200 per day, but for the sake of this video, we’re going to do $100 per day. Passive income stream number one is my YouTube channel.

The way that works with a YouTube channel, and YouTube is constantly changing the algorithm so maybe in a couple of years it might be different, but as of now, you need 4,000 hours of watch time and 1,000 subscribers on your channel. Once you meet those requirements,   you can turn on ad revenue. I have multiple streams of income from my YouTube channel,   but the ad revenue is the majority of the income. That’s at about $1,000 per month.  A couple of tips on growing and monetizing your YouTube channel. You want your channel to be around certain subjects.

Mine is like real estate investing, personal finance, a little bit of marketing, topics around that. If I had videos on my channel about walking a dog or travel videos … Actually, I have a few travel videos from a couple of years ago, but generally speaking,   you want people to come to your channel and basically, binge watch your videos. If they see a video on real estate investing, they might want to watch some other videos on real estate investing or some other videos on real estate marketing, and certain topics around that.

You really want to be focused on your channel so that people watch multiple videos. That’s what playlists are for. If somebody’s watching multiple videos of yours on your channel,   it’s obviously going to help you watch time. The YouTube algorithm, it’s also going to help   YouTube promote your videos even more because the biggest thing that YouTube cares about is people staying on their platform. A lot of people say you should do really short videos. However,   as far as watch time and viewership goes, YouTube wants people staying as long as possible. That’s not to say to do like five-hour-long YouTube videos just because it would be the longest amount of watch time. I don’t even know if that would actually work because you’d have to keep someone engaged for that amount of time. Nobody really does five-hour videos,   but look at what the top YouTubers do. Most of the time, the videos are 10 minutes, 15 minutes,   sometimes even 20 or even 30 minutes. You should try to model some of the top YouTubers. They don’t even have to be the same subject or topic.

You can incorporate different elements from different   YouTubers when you’re creating your own channel. I would also say just focus on improvement.   When you put out your first YouTube video, it’s probably going to be pretty bad. I know mine was terrible. You can actually search my channel by the oldest videos. You can search anyone’s channel by oldest, newest videos, most popular videos, and you can see how people have improved over time.  The biggest thing with YouTube is just improvement. Just get your first like five,   10, 20 videos out there, and then you’ll see where you can improve and get better with like sound quality and get better just on camera, have more engaging videos. There are so many ways to improve. A lot of YouTubers say you can’t even really start YouTubing until you’ve made at least   100 videos because, after 100 videos, you pretty much know what you’re doing, you’re comfortable,   and you know how to scale the YouTube channel.

Make $100 Per Day

The last tip I would give you about scaling and making passive income from a YouTube channel is to make sure that your thumbnails and title are really not necessarily clickbait, but that they’re going to grab somebody’s attention.   I watch a lot of Derral Eves. He’s a big-time YouTube marketer. He works with Mr. Beast and a lot of these other guys. He will spend so much time just on getting the click, just getting people to click on that video. He really emphasizes choosing the best thumbnail and getting it professionally done. There’s this one real estate company in my area,   and their YouTube channel, they have a YouTube channel, so I’m sure they’re going to improve over the years, but like the titles of their videos are like “Real Estate Video 2018 Tuesday”.

It has the worst title. There’s no thumbnail. The only people that are really going to watch those videos are maybe agents if they just stumble across it just being in their own company, but no one’s ever going to be searching for those terms. Overall, when you’re getting monetized,   just focus on one subject. It can be one or two similar subjects, but try to stay focused on your subjects. You don’t want gardening videos and then cat videos and then real estate videos.   You want it to be focused. Number two, focus on constant improvement. Don’t necessarily worry about how your first five or 10 videos show up. Just focus on getting a little bit better,   that 1%, 2% better for each video. Then lastly, just put a big emphasis on titles and thumbnails.   Just look at what the top YouTubers do and then kind of model them. I’m sure if you looked at Mr. Beast’s YouTube channel you could get some good ideas for thumbnails, for titles,   and then just modify it for your own subject. The next source of passive income and this is actually one of my largest sources of passive income, it’s at about $1,500 to $2,000 per month,   is self-publishing. A little while ago, I self-published a book series for beginners on real estate investing, and there are some marketing books in there as well.

Make $100 Per Day

Before you say, “Look, I can’t publish a book”, these are not 100,000-word books.   These are not like novels. The books that I self-published were beginner guides. In fact,   one of my best-selling books that actually still might be the best seller on Amazon to this day was about 10,000 words. I wrote it in a week. The thing about Amazon self-publishing,   you really just need to format it in like a Microsoft Word document and then get a cover.   You can literally just publish it to Amazon. If you wanted to get started with self-publishing,   you could just publish a beginner’s guide to whatever your topic or series is.  Some tips with that, you first want to see what type of books sell in your niche. Whatever niche it is, you want to see what types of books are popular. Then you want to base your table of contents, your subject matter around the best-selling books. You don’t want to just come up with some random book idea that no one’s ever done before because chances are, it’s not going to sell. Then similar to the YouTube videos where I did kind of like a series of different but closely related YouTube videos, I did the same thing with self-publishing. I published a real estate investment book on how to find deals. Then   I published some on just different niches of the real estate investment industry. Someone reads a   book on how to find deals. They might want to read some of the other books.

I’ll put the link below so you can check out the book series for yourself. Then my last tip for self-publishing,   if you don’t feel like you’re an expert or you feel like you have nothing of value to give,   which is okay, most people don’t feel that way when they’re first getting started, you can always hire a ghostwriter. There’s plenty of affordable ghostwriting services, and then you can use a pen name. You could just choose a topic that you’re familiar with. Maybe you went to France one time. You can do the top 21 things to do in France. There are a million different subjects out there.   You just look at different topics that you’re interested in, and then create like a beginner’s guide or create mistakes, don’t do this, or some type of tips guide. Again, it can just be like   10,000 words for your first one. Eventually, you might want to update it, or for your second book,   you could just improve on it, improve the quality, improve the length of the book. There’s a lot of potential with self-publishing, especially because you can do this for any industry.

Make $100 Per Day

You can have your own business, and then you can sell the information on how to do that business.   It’s a hugely profitable niche right there. My third source of passive income and this is actually the lowest of the four sources of passive income, but that’s through affiliate marketing,   which maybe you’re familiar with, maybe you’re not. It’s basically where you promote other people’s products and services and then get paid like a small referral fee, commission fee,   whatever you want to call it. Sometimes it’s reoccurring every single month if it’s like software. Other times, it might just be like $5, $10. But if you have enough traffic to your website or blog and you’re promoting the right products, that can start to build up.  I’m at about $100 per month with my affiliate marketing. However, it’s growing.   The more videos I put out, the more people that subscribe to my email list, this could really be a large part of my passive income every single month.

For a couple of examples of the affiliate products that I promote, you can look in the description below and I have like the top five affiliate programs that I promote. They’re pretty much all real estate investing related, so if someone’s watching this in real estate and they’re looking for a real estate investing website,   I have the top website there. It’s the website I use. I like it a lot, and I refer other people to it and I get paid every single month for it. The same is true with the software I use to find off-market deals nationwide. If you’re a real estate investor or real estate agent and you’re looking for the best software to find off-market deals, there’s a link below to the website. It’s called PropSteam. It’s more like a website, not necessarily a software,   but it helps me source leads that are off-market from highly motivated sellers. This tool was used by some of the top real estate investors nationwide, and I can’t recommend it enough,   so I’d definitely recommend you check it out in the link below. I believe they offer a free trial,   so if you don’t like it, you can always cancel. But that would be another example.  Then I also promote a call answering service for real estate investors. Actually, there are other businesses as well, but it specializes in answering your leads for real estate investors and then qualifying and screening the calls for you so that you don’t have to take calls   24/7 from motivated sellers or potentially non-motivated sellers. That service is called   PATLive. The link is below as well.

Make $100 Per Day

It’s a great product. All three of these are great resources for real estate investors. That’s one thing to know about affiliate marketing. You can’t just promote crap to your list. There are a million products I could promote as an affiliate. However, I only promote the products that I use or have gotten great reviews about and great recommendations from. My fourth form of passive income is through rental properties. I own two small multifamily apartment buildings,   and they provide cash flow every single month. The great thing about these buildings is that not only do they provide the cashflow, but there’s also equity building in these properties. It’s almost like two forms of passive income because I bought them in a very developing area and prices over the next three to five to 10 years will probably skyrocket, knock on wood.   There are tons of different things that can happen, but this is in one of the least expensive parts of the city and also one of the fastest-growing parts of the city. Just over the last six months,   the values of these properties have been shooting up. I anticipate them to continually increase, at least for the next five years. Now, one thing I would say about rental properties is that yes, there is maintenance involved. I have kind of like a part-time property manager that handles any repairs and things like that at the properties, but I would also try to go after multifamilies as opposed to single-family rentals. The reason for that is just economies of scale.

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If I have a four-unit apartment building and one person doesn’t pay their rent,   I still have three other people paying their rent, covering the mortgage, and actually giving me a little bit of cash flow every single month. Now obviously, it’s better when all four people pay their rent, but if this was just like a studio condo … Like I used to have a studio condo that I rented out, the tenant went several months without paying rent, so I was basically just covering the mortgage because she was the only person that was on the lease. With rental properties, you should always try to go bigger and better, if you want to call it that.  You can just start with a duplex. You can maybe live on one side and rent the other side out.

Make $100 Per Day

There’s a pretty well-known commercial real estate investor. His name’s Michael Blank, and he talks about something called the law of the first deal. He says after you get your first multifamily building, which could be just like a two-unit, a three-unit, or a four-unit,   within three years, you can retire from your job just based on the cash flow from these multifamily apartment buildings. If you’re looking to retire from your job just from cashflow from multifamily apartment buildings, just try to get into multifamily. Just buy that first duplex,   buy that three-unit, buy that four-unit, and then you’ll see the possibilities.  He says that what he sees with a lot of his students is they’ll buy the first two units,   three-unit, four-unit, and then the next property they’ll buy, usually within six months,   will be at least double the size, and then double the size for the third one. They might go from a two-unit to a four-unit to a 16 unit to a 32 unit. Then at that point, you really have it down because just imagine raising the rent like $10 a month on like a 30 or a 50 unit building.

Make $100 Per Day

The cashflow is going to be pretty good, so long as you purchase it correctly.   You’ll start to be able to do deals nationwide. You can syndicate deals.   It just opens up a whole world of passive income. Those are the four ways that I make passive income through YouTube, publishing, affiliate marketing, and real estate, but there’s also just three other ways that I’m going to touch on just in case you’re interested in expanding your passive income because these are all three pretty easy ways to get into passive income.  One of them would be Airbnb. Even if you don’t own different rental properties that you can do Airbnb with, you can always just rent out a room in your house, so long as you own the property or you can work something out with the landlord. There’s a lot of potential for just renting out rooms of your house or setting up an actual Airbnb property in the type of area where it could make a lot of money. Usually, you want to get some type of property manager for that, but they have property managers that specialize in Airbnb properties.

Make $100 Per Day

Another form of passive income would be dividend stock investing. You can start with just like $10,000 and invest it in a dividend stock,   and it would pay you out monthly, quarterly, some pay yearly. You can look online. There’s plenty of dividend stocks. I believe Coca Cola’s one of them. There are big-name companies that offer dividends every single quarter or every single month. Obviously, this strategy works better if you have a million dollars to deploy, so most people don’t have that,   but it can still be a good way just to get your first dollar, your first $5 of passive income.

Make $100 Per Day

The third source of passive income and this one doesn’t require a lot of money at all,   is a website called Turo. That’s basically where you just rent out your car, similar to Airbnb,   to different people that need to rent a car. They make it very simple and easy to set up.   You can actually go to their website and type in your car’s details and information,   and it will actually tell you how much you could be projected to make in passive income every single month, given the age of your car and everything like that.  You don’t need a brand new Lamborghini to rent out. There’s plenty of people that are just looking for a used Toyota just to drive around town or to go to the airport,   whatever they’re doing. Maybe they’re just in town for a little bit.

Make $100 Per Day

You could use your own personal vehicle. Then some people actually lease cars from a dealership, sometimes nice cars, and then put them for rent on Turo and just have like a fleet of Turo rental cars. You have to always check the lease agreements. That’s a whole other video right there, but hey, that’s another idea.  Those are the exact strategies I use to make over $100 per day in passive income, as well as a few additional strategies that you can try out. The great thing about passive income is that once you make that first dollar per month, it’s going to open up this whole world to you where you can figure out how to make $10 per month, $100 per month, and on and on and on. Making passive income becomes addictive. It becomes almost like a game. In fact, I’m almost up to about $200 per day in passive income.

Make $100 Per Day

I’ll make a different video for that, but it’s fun. It’s exciting just to see how far you can build it, how far you can take it. If you’re serious about creating passive income in your business, what I want you to do, I’ll put a link below to a phone call. It’ll be a 30-minute phone call, one on one with you and me, and I can give you more tips and more advice on creating these different passive income streams that we talked about.   If you’re interested in that, I’ll put the link below. It’s only going to be for a limited time because I might eventually just create a program as opposed to doing one on one phone calls, which can be not really passive income. Either way,   let me know if you have any questions. I’ll see you in the next video. All right. Bye.

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