How to make money online- How To Make Passive Income Starting At $0

 

How to make money online- How To Make Passive Income Starting At $0

I am going to be talking to you about how to make passive income starting at a big freaking goose egg of zero dollars now i'm going to be going over a few things first i'm going to be defining the difference between active and passive income which is important to know and then i'm going to be talking about how to create active income and then i'm going to be talking about how to change that act of income into passive income using a few short steps so let's get it hey john cristani here internet entrepreneur having created over quarter million dollars a year at least of passive income for myself and i'm going to be talking to you today about how to create passive income for yourself starting at zero dollars now the first thing you should understand is the difference between active and passive income first off no income is truly passive except investments that give you dividends each year or bonds however there are income streams that are more passive than others for example doing something like consulting where you're taking what's in your head and giving people advice on maybe it's management or hiring or recruiting or marketing or bpo is a very active income stream and in it you are trading hours of your time for money passive at all whereas something like i teach affiliate marketing is a bit more passive because after you set up an affiliate campaign you can just let it run after you've gotten it profitable and typically marketing campaigns will run anywhere from maybe a few weeks to a few years just on their own once you've figured out the formula to getting profitable but even that isn't a hundred percent automated because it still takes work and analysis and it takes a lot of optimization it takes looking at your data it takes following up with people who are going to pay you and although the work is again mainly upfront in affiliate marketing where you're figuring out what marketing resonates with your target audience and you should be regularly conducting split tests and testing out your marketing message and trying advertising on news sources and split testing different offers regularly if you want to be competitive in this field but on the same token it is passive somewhat because you can make money while you sleep once you've set up a marketing campaign the ads or the posts or whatever are out there on the internet the web pages are all working and sales and money is coming into your pocket and your bank account without you even having to touch a computer now i'd advise you to not to fall for anybody who tells you they can make you truly passive income realistically speaking passive income really just comes from money you know you have to have a lot of money then your money can turn into passive income through you know bonds and dividends and stuff like that

so always be skeptical of people who tell you that stuff is truly passive now for a little story i mean what i used to do i used to travel the world because once i got a good marketing campaign going that was making me you know thousand dollars five hundred dollars ten thousand dollars a day in profits i could travel for months i could not even really touch the internet and that money would just keep coming in to my bank account it was great because i love going to kind of off the grid locations in the world some of my favorite locations are tagazoot morocco asawara or essawira however you pronounce it jerry quakura brazil which is beautiful it's right up on that kind of horn great place for kite surfing therefore spain beautiful place hot tien beach in thailand i mean these are just some of the most amazing gorgeous places on the earth cuba havana cuba is one of the most amazing place in the world yet these places all have very poor quality internet but they're i mean they're just unbelievable it's like they're like dreams but there isn't a lot of ways to make money in these locations partially because they're not connected to the whole grid that the world's connected to and i've always sought out these places that are more a little more off the grid and you know that's what nourishes me i love nature i love humanity and it's more raw form disconnected from all these smartphones and internet stuff ironically enough having an internet business and has enabled me to go experience all these beautiful locations in the world 

So the passivity that affiliate marketing allowed me enabled me to experience a level of life and see things that many others haven't seen now in order to make passive income starting from zero dollars it's very very important you take note of the second step which is you should start with active income because it is just far easier to get into and as we already said to make truly passive income it's really just about having money and investing it right now many people want to start with passive income but that's extremely hard to get into finding areas of leverage such as spending money on ads where you can with a click of a button reach billions of people or utilizing stuff such as outsourcing which takes work from your plate and puts it on others is a good way to start making your income more passive but ads and outsourcing both cost money 

So it's kind of hard to start out with if you don't have any money to begin with when you start with active income where you're trading your time for money you don't need any money to invest you can simply invest your time doing services or done-for-you work or consulting or you know being an agency and starting to do that to accumulate money now there are lots of business owners who need help with all sorts of areas in their business so there's lots of opportunities for you to create services to help those business owners as the world gets more and more complicated and as the environment changes every single week it seems it just means there's more opportunities for more done-for-you services that you can offer business owners like me or all the other business owners in the world and make money from them the trick is you want to find business owners who have more money than they have time and almost every single business owner out there that has a profitable business which there are tens of millions of don't have a lot of time but they do have money that they can spend to help save their time 

So they can focus on more profitable activities i personally spend about 35 000 per month on a different consultants and agencies that have done for you services 35 000 a month is a lot of money you know i have a lot more money to spend for different people who come to me that have done for you services for me i'll give you a few examples of done for you services or consultants or whatnot that i've hired over the years support desk hiring and you know agent hiring and recruitment uh website tutorial  production editing posting directv media buying in the us international clearance consultant for media buying overseas i mean long story short i've hired a lot of consultants for a lot of different types of operations there's a ton of niches that you can hire consultants for you gotta find your lane you gotta find what people want you gotta find what people are willing to pay for and ultimately the fastest way to do 

So is what i always say which is instead of hanging out with your broke friend you know at your family reunion or your broke cousin hang out with your richest family member start hanging out with the richest people that you are surrounded by hang out with the richest person in your town rather than your broke friend or your broke family member that's the easiest thing and as you start getting a sense of what people who have money or who have active incomes need and want you can start finding ways that you can create services and use your time to help solve their problems for them and make a lot of money in return now the third step to creating passive income starting from zero is you want to turn your active income into passive income now when you get a lot of money from active income please don't just go out there and blow it this is a big mistake that lots of people do sales people top performing biz dev professionals early entrepreneurs is they take that active income and they just spend it frivolously thinking that they'll just be active income forever instead what you want to do is you want to take whatever money you make from active income stuff you're actively working on and use that to invest in projects that can create for you passive income now one way to do this is if you are making money doing affiliate marketing by being an influencer on maybe it's twitter facebook website whatever you take a portion of that money and you invest it into doing advertising for the products or services or whatever that you're selling that gives you a degree of leverage 

So that now you can start getting viewership without having to actively create new content all the time or for instance if you're a sales or a business development professional you could take some of your active income that you get from selling and people and closing deals and using that to invest in starting a website operation so now you're able to reach more people more often and create more of an inbound flow of business deals rather than having to go out and hunt for prospects and business deals yourself another way you could do this is if you're a marketing person you can take some of the money that you are making from doing marketing for clients and you can use that to invest in buying websites that are already making money and put your marketing skills to use and just do some tweaks to make those websites make more money so now you have an asset that's bringing you in money rather than you having to go out and work on clients for that money there is a whole plethora of ways that you can get creative and build passive income systems for yourself but what you need to do is you need to make it a priority to take the money that you make from active income sources and reinvest it into passive income projects now one of the things that i do routinely is i always take usually the lion's share of what money i make um each year and i invested in a few choice kind of what i call passive income projects uh now for instance i would have netted um about 1.8 million dollars last year in profits but what i did was i did about three bets i call them side bets every year into different projects i put about a quarter of a million dollars into in order to create passive income for myself for more passive income right an example of some of those projects that i did from actually doing affiliate marketing and you know selling courses and all this other stuff which takes up a little bit of my time is i invested in one was software 

So i put about a quarter million dollars into building software last year okay didn't work out another one was i put about a quarter million dollars into a different networking related activities just to kind of open up opportunities for myself kind of just this was totally purely speculative spontaneous surrounding myself with higher level people to see what opportunities that may lie in my blind spots right it's impossible to be aware of stuff you don't aren't even aware of so i figured networking with richer people would help me in that respect and i also put another quarter of a million dollars into working on tv ads which have a much longer shelf life than affiliate marketing campaigns affiliate marketing campaigns typically work for you know a couple months to maybe you know a year and whereas tv ads have more of a shelf life when you get a winning tv ad it might last for anywhere from two to four years rather than maybe the average affiliate marketing campaign which might run for you know three to six months could be longer could be shorter depending on your niche now of those side bets i did you know the software didn't work out the networking didn't work out but what did work out for me was the tv infomercials and i had to invest another quarter of a million dollars this year into getting my tv ad campaigns working so that they could last for a long time and i'm happy to say they're working now they make me you know a good deal of money and you know we're on tv every single night of the week out here in the united states and we're expanding internationally 

So always take the money make from active investments and put them into more passive things in my case you know doing affiliate marketing and selling courses you know training and stuff is somewhat passive but again it's not purely passive i'm trying to move it into more passive areas i keep shifting from active to more passive software is a very passive income source when you can build up a large base of recurring subscriptions building companies and having employees do lots of the work for you is very passive especially when you start getting management structures in place multiple layers of management and the most passive is obviously just money in investments not speculative investments you know all of my investments are in municipal bonds or most of my investments are in municipal bonds which are you know really unless the u.s government goes broke i'm not going to lose my money so you know unless the world collapses essentially i'm not gonna lose my money on those investments and they bring me a solid return each year and i've estimated for me to retire on my current lifestyle which is about a quarter of a million dollars a year i would need six million dollars in municipal bonds in order to just be able to live the rest of my life without having to touch anything so that's the long and short of things i hope you guys enjoyed this tutorial  i hope you learned something make sure you like the tutorial  for the algorithm follow and hit the notification bell if you want to come to my weekly lives which are every monday around 9 00 a.m i give away a lot of money for those of you for following me as a reward you know i gave away 10 amazon gift card i gave away a 50 amazon gift card and i scratched these all live on the camera so that whoever's the fastest can claim it i gave away about 500 this week and i'll be giving away hundreds of dollars every single week moving forward furthermore if you'd like to continue the discussion we have our discord forum there's a link to that in the description 

So make sure to uh join the discussion there chat with people about money making apps or e-commerce or affiliate marketing whatever sorts of money-making opportunities you'd like great talking to you and see you in the next tutorial  bye.