10 Passive Income Ideas: Making $11,000/week | Marissa Romero
today let's explore what passive income really is passive income is something that requires an initial effort that effort can be monetary that effort could be an investment of time and then after that initial effort the income streams are continuous without you having to be there to earn the income in today's video we're going to talk about 10 different passive income ideas along with giving an income report update from my income coming off of one of my highest months in my company with twenty thousand dollars in profit out of a total of forty four thousand dollars produced in revenue equaling eleven thousand dollars per week now disclaimer not all of that was passive income but a lot of it was generated from the passive income streams that i have established and also automated revenue where i did not have to be there to make the sale the commission whatever revenue stream it came from and so keep that in mind as we go through today's video so in today's video for these 10 passive income ideas we're going to talk about three main elements for each method to generate passive income and that first thing is the investment up front to get started and the second thing is how fast it can become profitable and the third thing is the hands-off ability once you create the passive income stream so if you're excited about learning about all these things go ahead and type in passive profits in the comments and let's go alright so to get things started let's talk about the stock market as the first type of passive income stream that we could make now i am not by no means a financial advisor this is not financial advice this is just for pure entertainment and my road to getting started with investing which i don't really talk about much on this channel at all because i don't really have investments outside of my business i will be the first to tell you that so this year is my first year in dipping my hands into the investment world and i thought what a better opportunity or what a great opportunity to share my beginner level investment strategy with those just for fun so you can follow along in my journey and maybe it would inspire you along your business and investment journey so i'm talking about the stock market because this year i will be investing in stocks not individual stocks specifically index funds so i will be getting started on my index fund journey and the difference between a stock and an index fund is an index fund you can look at it as something as like a big old collection of different individual stocks together and so the way it works is let's take the s p 500 for example the s p 500 is an index fund that is compiled of the top 500 u.s based companies okay so these could or our companies most likely like apple facebook tesla all of these giant companies and the reason why so many people prefer to invest in index funds over individual stocks is the potential to make more passive income to make more profit and because it is a lot less risky than just owning and investing your money into individual stocks because when you invest your money into individual stocks then you are counting on that individual stock to do good and if that company has a bad year goes out of business during a pandemic has a big dip and it's kind of like oh great well i just lost 20 um on that on that stock investment so that's why a lot of people take the index fund route as a matter of fact i plan to open a fidelity account so if you heard a vanguard if you heard a weeble if you've heard of these different types of brokerage account exchanges then that is what i'm going to open like i'm literally like next video whenever i talk about investing i'll talk about what i did opening a fidelity account it's really a matter of going to one of these companies and websites signing up connecting your checking or banking account whatever you're going to invest in and then that's it you select what kind of assets are going to go in your brokerage home so let me back up the brokerage home or the brokerage account is basically where you can hold your funds like the etfs the stocks the index funds so it can hold the different assets that you are going to invest in and so the initial investment up front is rather easy you just need capital so you do have to have some capital set aside anywhere from you know a thousand dollars to 5 000 or more i plan to invest some money into my new fidelity account with my 401k so i have a self-directed 401k where i have money in that 401k and i could invest with it because it's self-directed so i can use the funds that are in the 401k to invest in a whole lot of things including a brokerage account so i will be doing that and depending on how much money is invested up front depends on how passive it is and how quickly so for the s p 500 for example historically in the past 50 to 100 years it's gone up in value 10 per year which is greater than inflation even this past year where we had an inflation rate of almost seven percent which is insane and so with considering that if you're investing five thousand dollars you could realistically expect to make a hundred dollars in 10 years from now in passive income with that 10 increase in growth every single year annually so basically the more you put in quicker so for example if you put in ten thousand dollars you could expect to make a hundred dollars a day quicker because that interest is going to compound much quicker so more to report on the stock market passive income later on in my journey all right so the next passive income stream we are talking about is is a new one it's it's new it's called d5 which means decentralized finance which means that it is not centralized finance which is what we were born with which is what we've known for the past couple of centuries with banks and the government and banks having control of our money and when i mean control i mean like we put our money in a bank and the bank uses that money constantly to reinvest it basically why why so many people are interested and in favor of d5 is because it is finally taking a centralized thing that has not really served us well there's been a lot of corruption with government officials with um just printing out money having a lot of financial fraud it's just it takes the money out of the government and out of the central banks and puts it into our hands so we now have control of the money again we are the bank and so with d5 it specifically relates to cryptocurrency so crypto d5 decentralized finance is what we are talking about here and d and d phi is such a new concept really for the whole entire world and it's very uncomfortable to learn because it is um a different paired it's a paradigm shift it's a different way of thinking it's like when the internet came out people are scared of it they could not really fathom what the heck the internet was it's kind of the same thing with the introduction of cryptocurrency stable coins decentralized finance all these things it's like what the f i don't get it at all and that's why although it's uncomfortable to learn it is a must because blockchain and cryptocurrency is the future if bitcoin were to go away tomorrow the crypto market would still go on and so there's tons of ways to create passive income with d5 and leveraging decentralized finance and there you know that could be a whole separate video on itself but again i am not a financial advisor this is not financial advice this is just something that i am dipping my feet into and i don't even know why i'm talking about it here on youtube because i don't know much it's hard for me to explain but what i do know is that there are some great opportunities to create passive income with different stable coins or stable assets to a particular coin so take um ether ethereum for example ethereum is the blockchain ether is the coin and there's tons and tons of applications that go under the ethereum blockchain and so one blockchain and coin that has caught my attention is tara so tara is the blockchain luna is the coin and the stable coin is called ust and so basically stable coins are type of cryptocurrency that are linked to the us dollar so the ust um is a stable coin of tara luna and it's connected and pegged to the us dollar so that's why it is therefore stable and so right now under the terra block chain there's a bunch of different applications or daps or you know dapps is what they call them in the crypto world one of them is anchor protocol the other one is um mirror where you can um really invest these stable coins and have access to the stock market but for example with anchor protocol think of it as a very high yield savings account so instead of holding your crypto um in a traditional savings account like the ones we're used to where we earn 0.1.2 percent in our savings account um we can earn with the anchor protocol under the terra blockchain we could earn 19.4 percent interest which is crazy because now we've we don't really have access to these types of interest rates in you know the regular centralized world but with the anchor protocol for example you can buy luna and then you can buy ust so purchase the stablecoin and convert it to ust and you can utilize that stablecoin ust kind of interchangeable in that anchor protocol and you could um lend it out you can borrow it you can just have it parked in the anchor protocol and earn 20 interest on it every single year and so that's what's really fun about all of these new cryptocurrencies and their stable coins and their different applications and different you know protocols is because there's massive amount of opportunity for passive income and there's some instances where you could even earn up to like more than a hundred percent apy meaning the interest rate per year like it's insane on some of these liquidity polls and it's just it's mind-blowing but it's hard so like the upfront investment is just it's hard to do like it's really really hard to do because it's hard to learn um so i'm just barely learning on it right now and that's why i wanted to talk about it in this video um because i think that the potential to earn a hundred dollars a day in passive income a thousand dollars a month in passive income is very very very good and you can do that relatively fast especially with all these new awesome blockchain technologies so i will keep you guys posted on my d5 journey it's something that sparks my interest tremendously alright so for the next passive income stream idea and option we are talking about starting a youtube channel by far one of the most profitable things you can do nowadays especially if you are interested in creating content and i just uh spoke about this in the previous video how the number one fastest growing small business in the entire world is being a content creator so 50 million people around the world are claiming that they are making money from creating content in youtube is the best platform to do it celebrities different athletes just everybody is wanting to create a youtube channel and to make their impact and to share their opinions and to share their knowledge on this platform and contrary to popular belief no it is not late to get started in 2022 2023 2024 no there um there's no such thing as your market being too saturated no you don't need a 4k camera yes you might be scared to speak in front of the camera but after speaking into the camera maybe four or five times that fear goes away so what other excuse do you have to not start a youtube channel because a lot of that forty four thousand dollars that was produced in my company just coming off like again as i mentioned just coming off one of the biggest months in the company was produced solely because of this channel and so for the sake of time on this video there's so many ways like within just the youtube platform alone that you are able to make money and monetize and grow an online business um i actually just made an update of how much money i made in 2021 um with google adsense so google adsense is uh basically the amount of money that google will pay you to advertise on your content so you will probably see ads on this video and you can skip don't skip because if you don't skip i get paid just a little bit more it'll show your appreciation for the content i make on this channel um but basically to you know make google adsense money you have to qualify for the youtube partnership program which is um you have to have 4 000 watch hours within a 12 month period and also a thousand subscribers so you know there's google adsense brand deals sponsorships um memberships that you can host directly on the youtube platform there's merch like you can connect a teespring store to your youtube channel when you hit 10 000 subscribers there's affiliate links there's so many things that you can promote just in the description of your video and so there's so many ways and so i would have to say as far as upfront investment it is it's hard it's probably the hardest thing to do out of all the passive income ideas that we're talking about today however it is the most rewarding and is very profitable you can expect if you stay consistent with your channel you could make a hundred dollars a day within the first six to 12 months of launching your channel if you are consistent meaning if you post at least once a week every single week and people would ask like why in the hell would i want to do that because you can create multiple six figures you can create seven figures with a youtube channel and so much more as you are helping people as you are changing people's lives with what you are giving away as far as like the value on the different videos that you're making uh day by day and week by week people love it and so i would say yes it is difficult to get started because you do need a lot of time however it is something that you can start absolutely for free with just your phone um profitability is anywhere from 100 a day to you know six figures a month with your channel i've seen it happen that's my plan one day and the cost to maintain it well is just it's content creation it's something that most likely if you're interested in online business you will have to do anyway is create content and you might as well create content on a social media platform that pays you for it right and a social media platform where you'll have evergreen content and seo based content that'll be searchable for years so it's kind of like planting your online real estate planting your online money trees with your youtube video and so to learn more about growing a profitable online business with leveraging this platform go ahead and download my subscribers to sales blueprint which talks all about it and the six steps that you need to do to get started today i'll also drop that link and it'll be the first link in the description all right so the next passive income stream we're talking about is automating a business now this concept became really really popular um with the book four hour work week by tim ferriss which was i don't remember i i read i didn't read the whole book but i read like half and it was enough to be like yes yo yo so i want it so it's something that i'm doing with my company is is automating a whole lot of things um is my goal in my company is just to create content a lot of content because i absolutely love it um and so with the four hour work week became this concept of automating a business it could be any business and i saw this really cool example online the other day of a couple who built this cleaning business empire and automated it so they built a cleaning business from scratch without ever having to touch a mop a broom to touch any cleaning supplies and it is fascinating because they've generated almost they're going on almost a million dollars in the past couple of years with their business and it's fascinating because they've automated every single moving part of the of the business everything from contracts to hiring the the people to clean the houses to how to do credit card charges remotely to how to automate interviews and how to have a successful interview when interviewing your employees to analyzing your competitors it is really incredible so really whether you're looking to automate a cleaning business pet grooming dog walking maybe you are want to get into the airbnb business i've seen where people are they're doing like airbnb arbitrage where they have airbnbs and they're making money from airbnbs but they don't own a property so really if you think four-hour workweek if you think automating and outsourcing you know like take event planning for example i've seen another cool business with event planning unless you love event planning and want to you know be active in actually doing it up front um then you can do that but if you wanted to have an event planning business in different types in each niches like if you wanted to do bachelor parties if you wanted to plan weddings if you want to do different things then of course that'll all look different but the idea is the same where you were going to get help as quickly as possible so that a lot of these things and the moving parts that are essential for producing income can be automated by hiring somebody to help you to do it and of course i'm here saying oh yeah just hire a bunch of people to help you do it yes you do have to again have that initial investment of time or upfront you have to get to learn all the positions in the company and what they do how they function so that you are able to do them for a little while and outsource them yourself and you can make that decision as the owner of the business that's probably the hardest part and as a matter of fact i know that it is the hardest part and so i mentioned this one to say that like that couple who's you know doing multiple six figures you could easily reach a hundred dollars a day with automating a business and make money as you're making it more and more and more passive and automated and it's a really cool thing because pretty much any business idea that you have can be fully automated so whatever business idea you have um even if you were thinking it's too like in person or brick and mortar or whatever it is go for it automate it give it a try the next idea for passive income that we're talking about is podcasting and blogging two of thing the things that um i actually don't do so we're not gonna talk about it for that long but i will say that i have several entrepreneur friends that have generated a lot of money from their podcast and lots and lots of money even more money from their blogs and websites that they build up because blogs have the power to bring you seo traffic and have the power to bring you like you have evergreen articles on there basically like how to's and articles that you're writing on there to attract people to help them solve a problem that they are researching so there's many many many ways to monetize um a blog now with podcasting the main way that people have a profitable podcast is with um sponsors on the podcast okay so the more downloads your podcast gets meaning the more people press play on the podcast the more you're able to negotiate with different people who are wanting to put a commercial in your podcast and say you know this commercial or this podcast is sponsored by whatever and so the most popular example of podcasts that we know about nowadays is joe rogan joe rogan did a billion dollar deal with spotify to have because spotify wanted him to take his podcast off of youtube and they're like hey just come to spotify we'll pay you um i forget how many billions of dollars it was i was like well that is mind-blowing but he has one of the biggest podcasts in the world making billions of dollars from his podcast um but that is definitely a profitable way to create passive income because again the idea is once you write that blog or that article or create that podcast episode it's there forever right in it every single episode could generate traffic for you and generate income whether you're selling your own products or affiliate products or having um you know sponsors on those episodes all right so let's talk about the next thing and that is a digital product to make passive income so in the three examples of digital products i'm going to use today i'm going to just mention a application i'm going to mention a book and i am also going to mention graphic assets and i'll talk about what they mean so all of these definitely have a big upfront cost of time so the time to create a mobile app the time to create a book um a book is something very powerful it's something that one day i definitely want to do is write a book and become an author and sell it on amazon and become a bestseller et cetera et cetera so that i could have the title of author behind my name um and a graphic asset what i mean by that is you have graphic design ability and you want to create a pack of logos or a pack of something that people can use as a ass as an asset for their brand so it could be animations it could be logos it could be different design packs it could be invitations it could be so many things it could be an asset that you create just one time and you're able to sell it passively and so this this one particularly is hard to judge of how fast you can make a hundred dollars a day in passive income with you know graphic assets it just depends there's some people that have created um different minimalist icons for example for different iphone apps that you can use so you can open your iphone and all the different apps have the same minimalistic style for whatever it is um so that that could go if it goes viral on a platform where you sell it i mean i mean you can make thousands of dollars tens thousands of dollars really really quick um for the effort of doing something you know how to do which i would imagine is not a huge time investment and upfront cost at all a book book's going to take some time it just is okay and so a mobile app this is this is different there nowadays are different apps where you can create um an application very fast without having to hire a programmer designer but then there's apps where it's going to take you an upfront investment of time and also a big chunk an upfront investment to pay a programmer an app developer to develop this app for you anywhere from ten thousand dollars to fifteen thousand dollars um because i had a friend once who was interested in doing this i think it was an app for dogs i forget what kind of app it was but she was telling me the initial upfront cost because it was a great idea for an app and i'm like man it's not it's not cheap to invest in a mobile app it could be if you use a there's a lot of app builders nowadays where you can kind of do it yourself but i mean the quality of diy versus having a professional do it it'll definitely show after time so um but no digital products are great great ways to create passive income all right so the next way is an exciting waste and a method that i absolutely love talking about and that is courses creating your own course or another popular term is membership which is a membership is something that includes a curriculum like a course part and then there's also a community part so there's also a way for the students that buy that curriculum to have access to you okay so i love these two passively it's it's tough to call this 100 passive there is a version where you can have an upfront effort and hardly any maintenance of efforts after you launch it okay so for example in my opinion it all depends on a price so if you want to create a digital course and sell it it's going to like the past passivisticity whatever i don't know what whatever you guys know what i mean the hands off of maintaining it after you produce it all depends on the price in my opinion so if you're offering a product and selling it for less than a hundred dollars to me that's a one-time sale that um you can collect and it doesn't require anything else from you you can create a rule where there's no refunds um because due to the nature of the product and people can consume it in less than an hour or something like that and um and there there's no other fulfillment it's like you have a system that automatically delivers the course to that student who buys it and that's it that's it there's no community to it there's nothing else involved there's no extra support because of the lower price point but once you get into like the thousand dollar fifteen hundred dollar range um with your product then most likely people won't buy it unless they have the incentive that they're going to be able to talk to you and have access to you and um and that's where it's not really passive anymore but it is but it isn't it's passive because you don't have to make a sale you can automate everything about course creation is even the sales funnels um the onboarding the delivering of the course fulfilling the course all of that is passive however if you have a product that's higher ticket it's going to involve um some some of your time it could be one coaching session a month that you offer the higher you go maybe it's five thousand dollars then you offer your coaching four times a month it really just depends um so that's where it could be a little bit tricky when it comes to pricing and what when it comes to how much of your time is going to be involved afterwards but i have to say um course creation is super fulfilling it's fulfilling because it's yours it's your brand it's your product that you are putting out into the world and in lives that you are impacting directly from your proprietary way of doing something and course creation is something that i do dive deep into and teach inside of my program subscribers to sales which is a membership because people love this topic and it is a great way to create some passive income especially if you just want to get a smaller course or lower ticket item just into the market and sell it it's a great way to really make hands-off passive income so if you are interested in learning more about course creation in the next topic i'm referring to which is affiliate marketing go ahead and download my subscribers to sales blueprint and you'll find out over a couple of emails more about the program etc so the next method we're talking about is affiliate marketing and i've gone over this hundreds of times on this channel literally so i could leave a more in-depth tutorial in the description however affiliate marketing is really fun because it's a free way to get started there's you could literally have no upfront costs for this um the time investment is also very minimal i mean you could just sign up for a bunch of affiliate products today and start promoting them easily and and making a commission and so basically you're the middleman connecting the buyer and the seller and receiving a commission for it this is something that i teach um more advanced to like my students in my subscribers to sales program but essentially you can start this today like out of all these you could literally start the this affiliate marketing passive income today it's really fun especially if you have an audience already if you have an email list and even if you don't it's still in my opinion relatively easy to earn your first commission and once you earn your first commission it just gets easier and easier to sell and so i won't take too much time talking about affiliate marketing because i have so many other videos which go more in detail and before i move on i will say that there's some great pop profitability with affiliate marketing i've generated um i don't know how much in total but the first time the first year i was in online business this was my only income stream was affiliate marketing and i was able to generate six figures in commissions with affiliate marketing um the first year i tried it and really focused on it so there's definitely some passive profitability there and so the next passive income technique that we're talking about today is royalties so the royalties from you um creating anything as far as music maybe create beats maybe you create books maybe you want to create different photo and video stock footage and sell it there's so many ways to earn royalties for an asset a creative asset that you produce i know of a particular person for example who produced a lot of beats and like lo-fi hip-hop type sounds and sells them on art list dot io and every time somebody purchases um his song on art list dot io he gets a royalty fee and kickback from um from just because he made that song one time and so i think uh i'm not i can't remember how many songs he has on artless dot io but i think he made like fifty thousand dollars uh per year in royalties which is really cool because i'm sure you know i don't know i'm not a beat maker i don't know how much it takes but i'm sure it just depends but um that's really cool for producing a song one time and being able to monetize it you know indefinitely and so the next one this is a really fun one a way to create passive income is low content books on amazon kdp and don't worry for this method specifically i have a whole tutorial on how to do it i'll leave the link to that video in the description i go over how to do it step by step how you can create your amazon kdp account for free how you can use a tool like book bulk to help you do keyword research to basically sell these low content books on amazon so let me back up a low content book is anything that um it's like this it's like a notebook with nothing you don't have to be an author you don't have to write anything it's just something with nothing in it so it could be an agenda it could be a notebook it could be a planner it could be a to-do list pack like it could be anything that does not require any writing it is just low content so it could be a coloring book and it's really fun you can create different puzzles and just different things um to create these books and sell them on amazon kdp and so this is really fun because you can make a lot of money with this and it is purely passive once you create these books and upload them on amazon kdp and also the upfront costs are really really really low as well because that book bolt tool i was telling you about it helps you not only do the keyword research but it helps you create the cover it helps you create the interior there's hundreds of different designs that you can use that are copyright free and you can use them to create your first book and i think that tool the correct me if i'm wrong but it's about it's less than 10 bucks a month so like eight bucks a month and i will leave a link if you are interested in checking out the book bulk tool where you get an additional 20 off so but other than that starting an amazon kdp account is free and it's a very relatively fast way to get started and get your feet wet with creating passive income with low content books alright thanks so much for hanging in there hanging in tight and and getting inspiration for all these passive income ideas i really sincerely hope you enjoyed it and if you did i guarantee you're going to like the video that's coming up next and that is all about starting from zero and how to start an online business and i could realistically work up to creating an income that will replace your nine to five that video is up next click here i'll see you on that video how many times have you heard somebody tell you that starting a business is just too risky and it takes a lot of upfront money maybe you've also heard somebody say that the average startup
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