Today Mark shares 5 passive income ideas to make you an extra $500 per day. Lots of these investment strategies work for teenagers and adults with no money. So here are my 5 Passive Income Ideas and how you can do it too.
Passive Income Idea #1: Dividend Income investing from the stock market. A dividend is kind of like a reward a company gives you for being a shareholder in their business. Not all companies pay a dividend it’s completely up to the board of directors whether it makes sense for their company. This money is paid out in cash on a monthly, quarterly or yearly basis! Usually people are buying stock low and selling it high but with dividend stock investing you never have to sell the stock to make some money back. How fantastic is that!
Passive Income Idea #2 - The second way I make money is Selling Products Online. There are lots of different ways to sell products online as a side hustle or business. eBay, Amazon and even shopify drop shipping which is where you just market the product and the supplier sends it directly to the buyer without you even seeing or touching it. I prefer eBay because I have my own warehouses, but if I was just starting out then drop shipping would be a good side hustle to improve my marketing and business skills.
Passive Income Idea #3 - Real Estate is the third method. There are so many different ways you can make passive income from real estate without even buying a property such as property crowdfunding and rent to rent.
Passive Income Idea #4 - YouTube passive income, this is something anyone can do with just an iPhone and some basic YouTube knowledge. Google AdSense isn't the only way to make money on YouTube. Another passive way is affiliate marketing like the WeBull link I mentioned earlier. By signing up to my link and funding your account, you will earn a stock valued at up to $1000 and I will earn a small commission.
Passive Income Idea #5 - Selling digital products IA an awesome income stream. From creating an app to selling an online course or eBook. Once you create these products you are able to sell them again and again without ever running out of stock!
I hope you enjoyed this passive income video!
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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