10 Passive Income Streams That Can Make You $80,000 Per Month (Without Chasing Unicorns)
I'm going to be completely transparent with you guys. I've made a lot more than $80,000 per month in the past few years. But I also didn't want this video to come out as a whole flex because obviously right now, you know, I've got payroll, I'm building a team, so there's a lot of different nuances too. But generally guys, I wanted to keep it straightforward. I hope from this video you're able to find outsized value and I appreciate you guys from watching till the end.
If you want to get started with Taylor Brands head down to the description below and check out the link to get started today. And also don't forget about some of the other videos that I mentioned earlier in this video.
So without further ado, let's get started.
Passive Income Strategy #1: Affiliate Marketing
Affiliate marketing is one of the easiest ways to make money online. It's basically when you promote someone else's product or service and earn a commission for each sale that you generate.
There are a few different ways to do affiliate marketing, but the most common is through blogging or YouTube. You can also promote products on social media, through email marketing, or even through your own website.
The great thing about affiliate marketing is that it's completely passive. Once you set up your affiliate links, you can just sit back and watch the money roll in.
Of course, there is some work involved in getting started. You need to find products or services that you're passionate about and that you think your audience will be interested in. You also need to create content that promotes those products or services in a way that's informative and engaging.
But once you get the hang of it, affiliate marketing can be a very lucrative way to make money online.
Passive Income Strategy #2: Build a Personal Brand
Building a personal brand is another great way to make passive income online. When you build a strong following, you can use your platform to sell your own products or services, promote affiliate products, or even get paid for sponsorships.
The best way to build a personal brand is to start a blog or YouTube channel. You can also use social media, but it's important to focus on one platform and really build a following there.
Once you have a following, you can start monetizing your platform by selling your own products or services, promoting affiliate products, or getting paid for sponsorships.
The great thing about building a personal brand is that you can control your own destiny. You can create the content that you want, and you can work with the brands that you want to work with.
Passive Income Strategy #3: Membership Groups
Membership groups are a great way to generate recurring revenue. When someone joins your membership group, they pay a monthly fee in exchange for access to exclusive content, resources, or services.
Membership groups can be a great way to build a community of like-minded people, and they can also be a great way to sell your own products or services.
The best way to start a membership group is to choose a niche that you're passionate about and that you know a lot about. You can then create a website or platform where you can host your membership group.
Once you have a platform, you can start creating content that your members will find valuable. This could include blog posts, videos, podcasts, or even live events.
You can also offer your members exclusive access to products or services, such as courses, coaching, or consulting.
The great thing about membership groups is that they can be very passive. Once you set up your platform and start creating content, you can just sit back and watch the money roll in.
Passive Income Strategy #4: E-commerce
E-commerce is the sale of goods or services via the internet. It's a great way to make money online, and there are a number of different ways to get started.
The most common way to make money with e-commerce is to sell your own products or services. You can do this through your own online store, or you can sell through a third-party marketplace like Amazon or eBay.
Another way to make money with e-commerce is to dropship products. Dropshipping is when you sell products that you don't actually have in stock. When a customer places an order, you simply purchase the product from a wholesaler and have it shipped directly to the customer.
You can also make money with e-commerce by affiliate marketing. Affiliate marketing is when you promote other people's products or services on your website or blog and earn
